Ncino, Inc. Stock Price, News & Analysis

nCino (NASDAQ: NCNO) will report its financial results for the fourth quarter and fiscal year ended January 31, 2021, on March 31, 2021, after market close. A conference call and webcast will follow at 4:30 p.m. ET. The company is recognized as the leader in cloud banking, empowering financial institutions through its Bank Operating System, which enhances revenue growth, efficiency, and regulatory compliance. nCino currently partners with over 1,200 financial institutions worldwide.

nCino (NASDAQ: NCNO) has announced its cloud-based Bank Operating System is now live with Recognise, a newly licensed SME-focused challenger bank in the UK. This partnership aims to enhance client interactions, enabling a more efficient and tailored banking experience for SMEs, which represent 60% of private sector jobs in the UK. Recognise plans to leverage nCino’s technology for streamlined loan processing and compliance, while aiming to improve customer service by allowing employees to focus more on client relationships.

nCino announced the deployment of its Bank Operating System by Platinum Bank, a $425 million-asset institution, aimed at optimizing business lending amid the digital transformation accelerated by COVID-19. Using nCino's Accelerate delivery model, Platinum Bank quickly implemented core functionalities, allowing for seamless collaboration and faster credit decisions. The model enables cost-effective digital transformation and rapid feature adoption, promising enhanced efficiency and potential double-digit loan growth in coming years.

nCino, Inc. (NASDAQ: NCNO) announced the successful digital upgrade of TCU Financial Group's business lending processes using its nCino Bank Operating System. The collaboration with Deloitte enabled rapid implementation during the COVID-19 pandemic. TCU Financial Group, with CA$773 million in assets, recognized the necessity of digitization to better serve its members. The new system offers automated workflows, real-time reporting, and enhanced lending processes, allowing employees to focus more on member relationships and future service improvements.

nCino (NASDAQ: NCNO) announced that Cynergy Bank has adopted its Bank Operating System to enhance SME lending processes. This follows Cynergy's successful deployment of the Coronavirus Business Interruption Loan Scheme (CBILS) last year. With nCino, the bank aims to improve operational efficiency and customer service, reducing manual tasks for employees. Cynergy Bank is committed to delivering a human digital banking experience while utilizing technology to adapt to evolving customer needs.

nCino, a leader in cloud banking, will present at the 23rd Annual Needham Virtual Growth Conference on January 13 at 3:30 p.m. ET. The event will be accessible via a live webcast and later replay on the company’s investor relations website. nCino's Bank Operating System enhances financial institutions' operations, helping over 1,200 clients globally improve efficiency, revenue, and compliance across various banking processes. For more details, visit nCino’s investor relations page.

nCino, Inc. (NASDAQ: NCNO) announced that Mitsubishi UFJ Capital and SMBC Venture Capital have acquired equity stakes in its Tokyo subsidiary, nCino K.K. This move aims to bolster nCino's presence in Japan and drive the digital transformation of local financial institutions. Itsuki Nomura, previously with Dell Technologies, has been appointed general manager of nCino K.K. The company’s cloud-based platform enhances profitability and efficiency for financial institutions globally, which are increasingly seeking digital solutions during the ongoing pandemic.

nCino (NASDAQ: NCNO) reported strong third-quarter results for fiscal 2021, ending October 31, 2020. Total revenues were $54.2 million, up 43% from $37.9 million a year earlier, driven by a 56% increase in subscription revenues to $43.3 million. Despite a GAAP net loss of $9.1 million, the company raised its full-year guidance due to strong demand for its cloud banking solutions. Cash and cash equivalents stand at $378.6 million. Future guidance estimates total revenues of $200.7 million to $201.2 million for the fiscal year.

nCino, a leader in cloud banking solutions, is set to participate in the Barclays Global Technology, Media and Telecommunications Conference on December 10, 2020, at 9:00 AM ET. This conference aims to showcase nCino's innovative digital transformation solutions for the financial services sector. A live webcast, along with a replay, will be accessible on their investor relations website. nCino's platform enhances operational efficiency for over 1,200 financial institutions, ranging from $30 million to over $2 trillion in assets, facilitating client onboarding and loan lifecycle management.