WILMINGTON – Cloud banking software company nCino has just landed another big client.
Columbia Bank with around $7 billion in assets and 51 offices throughout New Jersey, has selected the firm to help it transform its operations in the cloud.
Today, the community went live on the nCino Bank Operating System, which offers “end-to-end processes and agile back-end capabilities.”
“We are in an industry where your competition is no longer just the bank down the street, but rather technology and analytic-driven entities,” Thomas J. Kemly, Columbia Bank’s president and CEO, said in a statement.
A METEORIC RISE
nCino was started in 2012 by bankers and entrepreneurs who found the commercial lending process to be inefficient and time-consuming.
Led by James (Chip) Mahan III, the CEO of Live Oak Bancshares Inc., this team recognized the need for secure cloud-based solution that would enable banks to increase transparency, efficiency and profitability while ensuring regulatory compliance.
The nCino Bank Operating System filled that void at Live Oak and soon attracted interest from other financial institutions.
Today, it works with more than 250 financial institutions globally whose assets range in size from $200 million to $2 trillion, and has been featured by top publications such as Forbes, Entrepreneur and American Banker.
Fintech startup nCino expands with acquisition, office in Canada
