WILMINGTON, N.C.--(BUSINESS WIRE)--nCino, the worldwide leader in cloud banking, today announced that 2016 marked another year of growth and scalability across its customer base, while introducing some of the company’s most transformative net new features to date.
Among its 2016 highlights are these milestone achievements:
- Ending the year with over 130 financial institutions in its portfolio. The addition of new customers again spanned community, regional and enterprise financial institutions – including $125 billion-asset Regions Bank.
- Deploying the Bank Operating System across thousands of employees in sales, risk and operations at SunTrust Bank, a $205-billion asset institution.
- Growing nCino’s workforce to 265 employees, having added approximately 100 individuals across product development and engineering, customer success, support and other core functions.
nCino’s new employees in 2016 included the strategic hiring of its first CFO, Jeff Babka, who joined the company most recently from Insight Venture Partners and brings more than 40 years of experience in financial and operational management. Additionally, nCino welcomed Trisha Price as its new executive vice president of product development and engineering, who has more than 15 years of expertise gained from various leading financial services and technology companies.
nCino CEO Pierre Naudé said, “We are fortunate to have experienced our fourth consecutive year of significant growth. Bankers continue to embrace our technology, positioning us to continue hiring skilled professionals who can then deliver a world-class product and service experience back to our customers.”
Landmark innovations became part of the Bank Operating System in 2016, expanding nCino’s existing relationships with new offerings and moving closer to becoming a financial institution’s single platform for effective digital engagement across all lines of business. nCino introduced Deposit Account Opening in the spring, which took the company’s cloud platform into the branch as a primary means to facilitate deposit growth while digitizing consumers’ account opening experience. Loan Auto Decision was also launched, giving nCino customers the tools to compete against marketplace lenders with digital optimization, speed and compliance. With Loan Auto Decision, financial institutions can automatically run loan requests against their existing, proven credit policies to render decisions and provide consumers with funds faster than ever before.
In 2016, nCino was recognized with a number of prestigious accolades for its growth and culture. Namely, nCino secured a spot in the top half of the Inc. 500 in its first year of eligibility recognizing its rapid and consecutive year-over-year revenue growth. Additionally, nCino topped Business North Carolina’s annual ranking of Best Employers in North Carolina and was included in the “Best Enterprise Software Startups to Work For” by Forbes.
Naudé added, “As I reflect on another year behind us, I am proud of the progress we’ve made as a company, and at how our technology is impacting the global financial services industry. This next year will bring even more product innovation, customer growth and company expansion as nCino pushes the boundaries of what our technology can do and how much it can transform and digitally optimize the banking experience.”
nCino is the worldwide leader in cloud banking. With its Bank Operating System, built on the Salesforce platform, financial institutions can deliver the speed and digital experience that customers expect, backed by the quality and transparency that bankers need. Follow @nCino or visit www.ncino.com.