The U.K.’s Yorkshire Building Society has deployed nCino’s cloud-based digital Bank Operating System for commercial lending operations, reports Antony Peyton of Banking Technology (Finovate’s sister publication).

This is nCino’s second triumph in the UK – as reported in June 2017 challenger bank OakNorth deployed the same system. In the U.S., ten of the top 30 banks by asset size and the world’s largest credit union, Navy Federal, rely on the Wilmington, North Carolina-based fintech’s cloud-based banking technology.

In this latest deal, Bradford-based Yorkshire Building Society, will use the system to lets its employees make faster decisions and provide funding more quickly to its customers. According to nCino, it completed the deployment in less than 90 days.

Phil Green, head of commercial lending and social housing at Yorkshire Building Society, said: “We invested in the nCino Bank Operating System because it helps automate tasks that were previously paper-based and manual, allowing colleagues more time to deliver differentiated and personalized service.”

The nCino Bank Operating System is built on the Salesforce platform that combines customer relationship management, loan origination, account opening, workflow, enterprise content management, business process management, digital engagement and reporting.

Last month, nCino reeled in investment from Salesforce Ventures. The amount of funding was undisclosed, but the investment adds to the company’s known total capital of more than $81 million.

nCino demonstrated its Bank Operating System at FinovateEurope 2017. Pierre Naudé is CEO.

With more than $87 billion in assets, more than seven million members, and 300 branches, Navy Federal Credit Union is known as the largest credit union in the world. So it is a pretty big deal for the team at nCino to announce that NFCU has selected the North Carolina-based fintech’s Bank Operating System to help support its continued growth.

“With nCino, our employees can service members with key insights gained on the digital banking platform,” SVP for Consumer and Business Lending for NFCU Dave Ledwell explained. “We want to provide an experience that is quick, effortless and enjoyable, and we see nCino as being the tool to provide these things and more.” Ledwell called NFCU’s military-based membership – including veterans and their families – “some of the best borrowers of any financial institution.”

Left to right: Jonathan Rowe (CMO), Trisha Price (EVP, Product Development and Engineering), and Nathan Snell (Head of Innovation and Design) demonstrating nCino’s Bank Operating System at FinovateEurope 2017.

nCino’s platform will enable bank professionals to facilitate the full process of business lending from application to funding faster and more accurately. The technology also gives banks an edge in customer engagement by providing what nCino SVP of Community and Regional Financial Institutions Paul Clarkson called “a clearer view of members’ needs.”

“Rapidly growing and service-oriented institutions like Navy Federal require an innovative solution that enhances the loan process in order to provide the highest levels of convenience and service to its members,” Clarkson said.

Founded in 2012 and headquartered in Wilmington, North Carolina. nCino demonstrated its Bank Operating System at FinovateEurope 2017. Last month, the company announced that Ithaca, New York’s CFCU Community Credit Union ($1 billion in assets) would deploy its Bank Operating System to better serve its 70,000 members.

The firm has raised more than $81 million in funding – most recently a $17 million private equity round in August – and includes Insight Venture Partners among its investors. Named to Deloitte’s 2017 Technology Fast 500 in November, and having earned the top spot in Aite Group’s report on global commercial loan origination in October, nCino has also partnered with Iberiabank of Lafayette, Louisiana, and teamed up with community bank ConnectOne Bank in recent months. Pierre Naudé is CEO.

Watch our interview with nCino Head of Innovation and Design Nathan Snell as he discusses personalization and the customer experience with Finovate research analyst Julie Muhn.

nCino’s Bank Operating System just gained another partner, reports Calum Parry of Banking Technology (Finovate’s sister publication).

Iberiabank has selected nCino’s cloud-based Bank Operating System to process services across several lines of business, including commercial and SME lending and treasury management.

After an evaluation of its current technologies, the bank identified the need for a partner that would help optimize its processes to enable “efficient and profitable growth”, explained Iberiabank.

According to nCino, its Bank Operating System allows for a single, secure cloud-based platform, built on Salesforce, that combines customer relationship management (CRM), loan origination, deposit account opening, workflow, enterprise content management, business process management, digital engagement and instant reporting.

Mike Boyd, Director of Strategic Risk Initiatives at Iberiabank, said “nCino will deliver a holistic view of our client relationships from the convenience of one platform, allowing us to present more timely, personalized offerings and better meet clients’ financial needs”.

Headquartered in Lafayette, Louisiana, Iberiabank has a branch network of 228 locations in ten southeastern states of the US.

Other recent deals for nCino include ConnectOne in New Jersey, Gulf Coast Bank & Trust in Louisiana, Pacific Western Bank in California (the 100th implementation of Bank Operating System), Great Southern Bank in Missouri, Valley National Bank in New Jersey, North State Bank in North Carolina and CrossFirst Bank in Kansas. Previously, nCino gained its first client outside the U.S, U.K.-based OakNorth Bank.

nCino demonstrated its Bank Operating System at FinovateEurope 2017 in February. Founded in 2012 and headquartered in Wilmington, North Carolina, nCino has raised more than $81 million in funding. The company’s investors include Insight Venture Partners, Salesforce Ventures, and Wellington Management.