Welcome to our dedicated page for Ncino news (Ticker: NCNO), a resource for investors and traders seeking the latest updates and insights on Ncino stock.
nCino, Inc. (NASDAQ: NCNO) is a Technology sector company in the Software – Application industry that focuses on cloud-based software for financial institutions. This news page aggregates announcements, press releases, and market updates related to nCino’s business, products, customers, and financial performance.
According to the company’s public statements, nCino was founded to help financial institutions digitize and reengineer business processes, with a platform that integrates artificial intelligence and actionable insights. News items often highlight new product capabilities, such as AI-driven features in the nCino Mortgage Suite, Banking Advisor, and role-based “Digital Partners” designed to support a dual workforce in financial services.
Investors and industry observers can use this feed to follow nCino’s earnings releases and financial guidance, which the company announces through press releases and accompanying conference calls. Recent news has included quarterly financial results, stock repurchase program authorizations and activity, and participation in technology and investor conferences.
Company updates also cover customer wins and expansions, illustrating how institutions such as Eastern Bank and Baghdadi Capital Group are using the nCino Platform to unify legacy systems, standardize operations, and support international growth, based on the parties’ own disclosures. Product-focused announcements describe new AI capabilities for mortgage lending and data connectivity, including Integration Gateway, which nCino presents as an Integration Platform as a Service for banks, credit unions, and fintech partners.
By reviewing this page regularly, readers can see how nCino evolves its intelligent banking platform, expands its customer base across community banks, credit unions, independent mortgage banks, and larger financial entities, and communicates governance changes and strategic initiatives through news and SEC-related press releases.
nCino has successfully launched its online and in-branch Deposit Account Opening solution at Sunrise Credit Union, enhancing customer experience and operational efficiency. This implementation allows Sunrise to significantly reduce account opening times and improve member onboarding by approximately 50%. In addition to this solution, Sunrise has invested in nCino's Commercial Banking, Retail Banking, and Residential Mortgage solutions to further automate and streamline processes. With around 34,000 members, Sunrise aims to provide enhanced digital services, meeting evolving member needs.
nCino announces that Hamburg Commercial Bank (HCOB) will be the first lender in Germany to implement the nCino Bank Operating System® as part of its digital transformation efforts. This deployment aims to enhance operational efficiency, risk management, and client interaction by automating financing processes and unifying existing systems. HCOB seeks to improve credit decision times and transparency for clients. The collaboration is expected to modernize HCOB’s infrastructure, and Accenture will assist in the implementation process.
nCino (NASDAQ: NCNO) will announce its first quarter financial results for fiscal year 2022 on June 2, 2021, after market hours. The company will host a conference call at 4:30 p.m. ET to discuss the results. nCino offers cloud banking solutions that enhance efficiency and client experience for financial institutions worldwide.
With over 1,200 clients, nCino's platform supports institutions ranging from $30 million to $2 trillion in assets, helping them onboard clients and manage loans effectively.
nCino has signed a long-term sponsorship deal with the City of Wilmington to support the development of the nCino Sports Park. This partnership aims to enhance youth sports accessibility in Wilmington, North Carolina. The park, which will be upgraded from a seven-field soccer complex to include 11 full-sized fields, is expected to host up to 140,000 visitors annually. The City is investing $10 million in the project, with plans to break ground by Fall 2021.
nCino (NASDAQ: NCNO) announced that Boston Private has successfully implemented the nCino Bank Operating System®, enhancing its commercial banking operations. This integration streamlines client onboarding, loan origination, and deposit account opening, thus improving efficiency. Boston Private's leadership emphasized the goal of a frictionless banking experience for clients and employees. The technology platform enhances transparency and convenience, aligning with evolving client expectations in the financial services industry.
nCino (NASDAQ: NCNO) announced that Amerant Bank has expanded its partnership, implementing nCino's Retail Banking Solution and nIQ Portfolio Analytics. This move enhances Amerant's digital transformation strategy, providing a comprehensive platform for both commercial and retail loan origination. The bank aims to improve client experiences and operational efficiency through streamlined workflows and advanced analytics. Amerant, with nearly $8 billion in assets, emphasizes the importance of digital engagement in today’s financial landscape.
nCino reported Fiscal Year 2021 total revenues of $204.3 million, a 48% increase year-over-year, with Q4 revenues at $56.6 million (+47%). Subscription revenues surged 57% to $162.4 million for the year, with Q4 subscription revenues reaching $45.0 million (+43%). The company achieved a subscription revenue retention rate of 155%. However, net losses increased, with a GAAP net loss of $40.5 million for the year. Guidance for Fiscal Year 2022 projects revenues between $253 million and $255 million.
nCino has appointed Zedrick Applin as its first Program Manager of Diversity, Equity, Inclusion & Community, aiming to enhance local community support and inclusion efforts. Applin, who joined nCino in 2019, will lead initiatives to strengthen the company's DEI and philanthropic programs, including its community service team, nVolve. In 2020, nVolve supported over 50 non-profits in the Wilmington area. The move underscores nCino's commitment to positively impacting communities, especially as they recover from challenges faced during the pandemic.
nCino's online lending solution is launched for Coast Capital, Canada’s largest credit union, enhancing efficiency and compliance. This system, integrated across Coast Capital’s operations, allows members to access services in-branch and online. The collaboration aims to improve member experience while meeting evolving market demands. Coast Capital is the first Canadian institution to adopt the nCino Bank Operating System, which streamlines loan origination and offers comprehensive retail and small business solutions. nCino continues to position itself as a leader in cloud banking.
nCino's General Manager of EMEA, Jennifer Geary, will speak at two major fintech events: FinovateEurope 2021 and the Paris Fintech Forum.
Geary will participate in a panel at FinovateEurope on March 23, discussing 'A Hybrid Digital Customer Experience,' alongside leaders from prominent banks. She’ll also join the Paris Fintech Forum on March 25, focusing on 'Financial Services in a Box.' Geary emphasized the importance of omnichannel solutions in the post-COVID-19 landscape, stating nCino's expertise can help the financial sector navigate current challenges.
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