San ju San Bank Selects The nCino Platform to Strengthen Mortgage Business by Delivering More Convenient Customer Experiences
Rhea-AI Summary
nCino (NASDAQ: NCNO) has announced that San ju San Bank, a regional Japanese bank, will implement the nCino Mortgage Solution to digitize its housing loan operations. The implementation aims to replace manual processes with digital, paperless workflows to enhance operational efficiency.
The Japanese bank, based in Yokkaichi City, expects to reduce employee workload and create more efficient workflows through this digital transformation. The freed-up time will be utilized to focus on delivering more convenient, customer-centric, and relationship-based experiences.
Positive
- New client acquisition in Japanese market
- Expansion of nCino's mortgage solution internationally
Negative
- None.
News Market Reaction – NCNO
In the trading session that priced this news, NCNO declined 1.48%, reflecting a mild negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
AI-generated analysis. How Rhea-AI works. Not financial advice.
Japanese regional bank digitizing its mortgage lending process with nCino to increase employee efficiency and shorten loan cycle times
WILMINGTON, N.C., March 04, 2025 (GLOBE NEWSWIRE) -- nCino, Inc. (NASDAQ: NCNO), the leading provider of intelligent, best-in-class banking solutions, today announced that San ju San Bank, a regional Japanese bank based in Yokkaichi City, will implement the nCino Mortgage Solution.
By implementing the nCino Platform for its housing loan (mortgage) operations, San ju San Bank will replace manual tasks with digital, paperless processes. This will help reduce the workload of bank employees and create opportunities for more efficient workflows. With the time saved, the Bank aims to significantly enhance its internal processes, allowing employees to focus on delivering convenient, customer-centric and relationship-based experiences.
“We’re proud to partner with San ju San Bank as it pursues its vision of becoming a leading financial group in Japan by adopting innovative technology,” said Itsuki Nomura, Representative Director and Country Manager at nCino. “We look forward to supporting the Bank’s continued success and deepening our presence in Japan.”
About nCino
nCino (NASDAQ: NCNO) is powering a new era in financial services. The Company was founded to help financial institutions digitize and reengineer business processes to boost efficiencies and create better banking experiences. With over 1,800 customers worldwide - including community banks, credit unions, independent mortgage banks, and the largest financial entities globally - nCino has developed a trusted platform of best-in-class, intelligent solutions. By integrating artificial intelligence and actionable insights into its platform, nCino is helping financial institutions consolidate legacy systems to enhance strategic decision-making, improve risk management, and elevate customer satisfaction by cohesively bringing together people, AI and data. For more information, visit www.ncino.com.
About San ju San Bank
San ju San Bank is a regional financial institution with its head office in Yokkaichi City, Mie Prefecture. Based on its management philosophy of "Contributing to creating a vibrant future as a financial group which is favorable for clients and grows along with the region," it aims to create a virtuous cycle in which both local communities, the local economy and our bank can grow.
For more information, visit https ://www.33bank.co.jp.
Media Contact
Natalia Moose
press@ncino.com
Safe Harbor Statement
This press release contains forward-looking statements within the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements generally include actions, events, results, strategies and expectations and are often identifiable by use of the words “believes,” “expects,” “intends,” “anticipates,” “plans,” “seeks,” “estimates,” “projects,” “may,” “will,” “could,” “might,” or “continues” or similar expressions. Any forward-looking statements contained in this press release are based upon nCino’s historical performance and its current plans, estimates, and expectations, and are not a representation that such plans, estimates, or expectations will be achieved. These forward-looking statements represent nCino’s expectations as of the date of this press release. Subsequent events may cause these expectations to change and, except as may be required by law, nCino does not undertake any obligation to update or revise these forward-looking statements. These forward-looking statements are subject to known and unknown risks and uncertainties that may cause actual results to differ materially including, among others, risks and uncertainties relating to the market adoption of our solution and privacy and data security matters. Additional risks and uncertainties that could affect nCino’s business and financial results are included in reports filed by nCino with the U.S. Securities and Exchange Commission (available on our web site at www.ncino.com or the SEC's web site at www.sec.gov). Further information on potential risks that could affect actual results will be included in other filings nCino makes with the SEC from time to time.
