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.
Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect nCino's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.
Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of nCino's position in the market.
Rhea-AI Summary
nCino, Inc. (NASDAQ: NCNO) announced that Mechanics and Farmers Bank (M&F), the second-oldest African American owned bank in the United States, is live on the nCino Cloud Banking Platform. The technology upgrade is helping M&F process loans more quickly and creating increased convenience and connectivity for the underserved markets it intentionally serves. Through the partnership with nCino and implementation of its Commercial Banking and Automated Spreading Solutions, M&F can more quickly complete the loan process, while driving a better experience for its customers and associates via a cloud-based and mobile enabled single platform.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.89%
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Rhea-AI Summary
nCino, Inc. (NCNO) announced that The Bank of Bennington has adopted nCino’s Consumer Banking Solution, expanding its relationship with nCino and driving an omnichannel experience across personal banking and mortgage lending. The partnership aims to enhance the banking experience for customers by offering a seamless and consistent journey, solidifying Bennington's stance as a technology-driven community bank.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.05%
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Rhea-AI Summary
Conexus Credit Union selects nCino's Commercial Banking Solution to automate workflows and consolidate its tech stack, aiming to improve efficiency and transparency. The partnership with nCino will empower Conexus to make data-driven decisions, reduce loan processing time, and create a frictionless experience for its members. The move is expected to help Conexus achieve faster time to market and adapt to changes in the market more nimbly.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.54%
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Rhea-AI Summary
nCino, Inc. (NASDAQ: NCNO) to present at the 26th Annual Needham Growth Conference on January 17, 2024, at 2:15 p.m. ET. A live webcast and replay will be available on the company's Investor relations website.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.09%
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Rhea-AI Summary
nCino, Inc. (NASDAQ: NCNO) announces Camden National Bank's adoption of its Mortgage Suite to modernize point-of-sale and support online notarization
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-4.82%
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Rhea-AI Summary
nCino, Inc. (NASDAQ: NCNO) expands partnership with Salesforce to provide cloud solutions to the financial services industry until 2031. The updated commercial terms are expected to improve nCino’s subscription gross margins.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.41%
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Rhea-AI Summary
Rich Data Co (RDC) has successfully raised US$17.5m in its Series B round, led by major Australian bank Westpac (ASX: WBC) and global leader in cloud banking nCino (NASDAQ: NCNO), with support from Australian funds management firm BMYG and new Singapore-based investor Octava Fund. The funds will be used to accelerate RDC's expansion into North America and grow its position as an AI decisioning platform in the global banking sector.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-7.84%
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Rhea-AI Summary
nCino, Inc. (NASDAQ: NCNO) reported total revenues of $121.9M, up 16% year-over-year, with subscription revenues of $104.8M, up 19% year-over-year. The GAAP operating margin was (11)%, up 700 basis points year-over-year, while the non-GAAP operating margin was 17%, up 1,400 basis points year-over-year. The company's Q3 financial strength allowed them to invest and innovate, adding key new customers, and achieving double-digit revenue growth in the U.S. mortgage business despite high interest rates.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-7.84%
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Rhea-AI Summary
nCino, Inc. (NCNO) will be presenting at the 2023 Scotiabank Global Technology Conference on December 5 and the Barclays Global Technology Conference on December 6. The live webcasts and replays can be accessed on the company's Investor relations website.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.03%
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Rhea-AI Summary
Alba Bank (NCNO) partners with nCino to streamline SME lending process, ensuring quick lending decisions and operational readiness.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.17%
Tags
nCino, Inc.
Nasdaq:NCNO
NCNO Rankings
NCNO Stock Data
3.58B
69.04M
3.77%
86.45%
4.9%
Software - Application
Technology
United States of America
WILMINGTON
About NCNO
nCino is a financial technology company founded in 2011. It is headquartered in Wilmington, North Carolina. Their cloud-based banking software is built on the Salesforce platform for financial institutions to streamline commercial and retail banking needs.