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Together Selects nCino to Revolutionise its Lending Business

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Together, a leading property lender in the UK, has chosen nCino's Cloud Banking Platform to transform its business operations. With a loan book of £6.8 billion, Together aims to enhance efficiency, speed, and agility in its lending process, leveraging nCino's technology for digital consolidation and risk management.
Together, un importante prestatore di servizi immobiliari nel Regno Unito, ha scelto la piattaforma bancaria cloud di nCino per trasformare le sue operazioni aziendali. Con un portafoglio di prestiti di £6,8 miliardi, Together mira a migliorare l'efficienza, la velocità e l'agilità nel processo di prestito, sfruttando la tecnologia di nCino per la consolidazione digitale e la gestione del rischio.
Together, un destacado prestamista de propiedades en el Reino Unido, ha elegido la Plataforma Bancaria en la Nube de nCino para transformar sus operaciones comerciales. Con un libro de préstamos de £6.8 mil millones, Together busca mejorar la eficiencia, velocidad y agilidad en su proceso de préstamos, aprovechando la tecnología de nCino para la consolidación digital y la gestión de riesgos.
영국의 주요 부동산 대출 업체인 Together가 자사의 비즈니스 운영을 변혁하기 위해 nCino의 클라우드 뱅킹 플랫폼을 선택했습니다. 68억 파운드의 대출 책임을 가진 Together는 nCino의 기술을 활용하여 디지털 통합과 위험 관리를 통해 대출 프로세스의 효율성, 속도 및 민첩성을 향상시키고자 합니다.
Together, un leader du prêt immobilier au Royaume-Uni, a choisi la plateforme bancaire cloud de nCino pour transformer ses opérations d'entreprise. Avec un portefeuille de prêts de 6,8 milliards de livres, Together vise à améliorer l'efficacité, la rapidité et l'agilité de son processus de prêt, en s'appuyant sur la technologie de nCino pour la consolidation numérique et la gestion des risques.
Together, ein führender Immobilienkreditgeber im Vereinigten Königreich, hat sich für die Cloud-Banking-Plattform von nCino entschieden, um seine Geschäftsabläufe zu transformieren. Mit einem Kreditbuch von 6,8 Milliarden Pfund strebt Together an, Effizienz, Geschwindigkeit und Agilität in seinem Kreditprozess zu steigern, indem es die Technologie von nCino für digitale Konsolidierung und Risikomanagement nutzt.
Positive
  • Together, a prominent UK property lender, selects nCino's Cloud Banking Platform to modernize its core services.
  • nCino's integrated cloud solution will enhance efficiency, speed, and agility in Together's lending operations.
  • The partnership aims to deliver a strategic digital lending platform for improved customer experience and growth opportunities.
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U.K. property lender to leverage nCino’s cloud-based platform across core services

LONDON, April 23, 2024 (GLOBE NEWSWIRE) -- nCino, Inc. (NASDAQ: NCNO), a pioneer in cloud banking for the global financial services industry, today announced that Together, one of the UK’s leading property lenders, has selected nCino’s Cloud Banking Platform to revolutionise and future-proof its business.

Together provides finance to people and businesses through a “common-sense approach” to lending and judging each application on its individual merit rather than adopting an automated approach. The Cheadle based group, which aims to be the UK’s most valued lending business and has a loan book of £6.8billion, will implement nCino’s single platform across all its core services, including regulated residential and buy-to-let mortgages, as well as commercial loans, bridging facilities and development finance.

“We’ve been helping people achieve their property ambitions for fifty years, and with nCino’s support we will continue to deliver on that mission with added efficiency, speed and agility,” said Andrea Dalton, Chief Transformation Officer at Together. “We currently originate over £200 million in loans every month and, with nCino, we’re excited to scale and become more efficient through digital consolidation, enhanced risk management and a more modern customer experience.”

“We’re excited to partner with Together on this transformation programme,” said Charlie McIver, Managing Director – EMEA at nCino. “Working with our proven technology and system implementation partners, we look forward to delivering a strategic digital lending platform across all of Together’s core products that will help the lender grow and best meet the needs of its colleagues and customers.”

nCino is an integrated cloud-based solution that spans the origination lifecycle, from agreement and decision-in-principle through underwriting, offers and closing. The platform can be easily configured to react to market changes, customer demands and new regulations, and helps eliminate manual processes for faster response times and a superior customer experience.

About nCino 
nCino (NASDAQ: NCNO) is the worldwide leader in cloud banking. Through its single software-as-a-service (SaaS) platform, nCino helps financial institutions serving corporate and commercial, small business, consumer, and mortgage customers modernize and more effectively onboard clients, make loans, manage the loan lifecycle, and open accounts. Transforming how financial institutions operate through innovation, reputation and speed, nCino is partnered with more than 1,800 financial services providers globally. For more information, visit www.ncino.com.

About Together

Together has been delivering specialist secured lending for 50 years, using its wealth of expertise and industry knowledge to consider individual circumstances to find a way to help its customers. All applications are considered on their merits and the product range includes mortgages, short-term finance, buy-to-let, commercial and semi-commercial mortgages and loans, auction finance and development funding throughout mainland UK. Based in Cheadle, Cheshire, the company has a loan book of more than £6.8 billion.

For more information visit https://togethermoney.com/

Media Contacts
Natalia Moose
press@ncino.com

Tom Ghirardi, PR Manager at Together
0161 3337400 / 08843 804013 / tom.ghirardi@togethermoney.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.


FAQ

What platform did Together select to revolutionize its lending business?

Together selected nCino's Cloud Banking Platform.

What is nCino's ticker symbol?

NCNO

What is the loan book value of Together?

Together has a loan book of £6.8 billion.

What services will nCino's platform be implemented across in Together's business?

nCino's platform will be implemented across regulated residential and buy-to-let mortgages, commercial loans, bridging facilities, and development finance.

How much do Together currently originate in loans every month?

Together currently originates over £200 million in loans every month.

nCino, Inc.

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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.