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 (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.
nCino (NASDAQ: NCNO) has partnered with Accenture to support Vancity, Canada's largest community credit union, in modernizing its commercial lending operations through the nCino Bank Operating System. With assets exceeding CA$28.2 billion, Vancity's legacy system was replaced with this cloud-based platform, which manages the loan lifecycle, enhancing efficiency and workflow across various business lines. The implementation was completed on time and within budget, despite challenges posed by the COVID-19 pandemic.
nCino, Inc. (NASDAQ: NCNO) is set to release its third quarter financial results for FY 2021, ending October 31, 2020, on December 9, 2020, after market close.
The company will host a conference call at 4:30 p.m. ET the same day to discuss the results. nCino, recognized as a leader in cloud banking, provides innovative technology solutions that empower financial institutions globally, enhancing efficiency and client experiences.
nCino (NASDAQ: NCNO) announced that ThinCats is enhancing its use of the nCino Bank Operating System® to streamline lending processes for small and medium-sized enterprises (SMEs). Following the success of the Coronavirus Business Interruption Loan Scheme (CBILS), ThinCats aims to improve loan application management and customer servicing through nCino's cloud-based technology. This partnership enables ThinCats to offer faster loan processing and a better digital experience for all SME clients while reducing manual administration tasks.
nCino (NASDAQ: NCNO) announced that Fifth Third Bank will implement its Bank Operating System to enhance digital services for commercial clients. This partnership aims to streamline operations, improve efficiency, and provide better transparency for users. Fifth Third seeks to evolve its banking model by utilizing nCino's technology to facilitate loan origination and client onboarding while ensuring regulatory compliance. The collaboration is expected to enhance both employee and client experiences as banking shifts from physical to digital.
nCino has partnered with Barclays to enhance digital operations using the nCino Bank Operating System, aimed at streamlining client onboarding. The platform integrates key banking processes including KYC and loan origination, allowing institutions to efficiently manage risk and performance. CEO Pierre Naudé emphasized the importance of digital services in today’s environment, while Barclays' Paul Compton highlighted improvements in operational resilience and client service. The collaboration aims to enhance overall efficiency in financial services, which is crucial in the current digital-first landscape.
nCino (NASDAQ: NCNO) has announced a partnership with Judo Bank, Australia's first fully licensed challenger bank for small and medium-sized enterprises (SMEs). This collaboration aims to implement the nCino Bank Operating System to enhance Judo's lending operations. As a result, Judo can automate workflows, improve credit analysis, and manage documents digitally, ensuring a transparent end-to-end lending process. The partnership emphasizes delivering tailored services to meet the needs of Australian SMEs, showcasing a commitment to relationship banking.
nCino, Inc. (NASDAQ: NCNO) announced a secondary public offering of 6,706,944 shares at $72 per share, up from a previous plan of 5,500,000 shares. Selling stockholders have granted underwriters a 30-day option for an additional 1,006,041 shares. The offering is expected to close on October 13, 2020. nCino will not receive any proceeds from this offering, as it is solely conducted by selling stockholders. BofA Securities and Barclays are the lead managers for the offering.
nCino, Inc. (NASDAQ: NCNO) announced a secondary public offering of 5,500,000 shares of common stock by certain stockholders. Additionally, the selling stockholders may grant underwriters a 30-day option to purchase up to 825,000 additional shares. nCino will not receive any proceeds from this offering. BofA Securities and Barclays are leading the offering, with several other firms participating. This offering is subject to SEC registration and will be conducted solely through a prospectus.
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