OneSavings Bank Bolsters its Technology Stack Through Strategic Partnership with nCino
15 Novembre 2023 - 8:30AM
nCino, Inc. (NASDAQ: NCNO), a pioneer in cloud banking for the
global financial services industry, today announced a strategic
partnership with OneSavings Bank (OSB) to provide the institution
with a cloud-based single platform that will help streamline
traditional banking processes such as underwriting and loan
origination. The partnership will support OSB as it further
innovates its mortgage and lending operations via technology
investments while maintaining a high level of customer service and
regulatory compliance.
OSB, part of OSB Group, is a leading specialist
mortgage lender, primarily focused on carefully selected
sub-segments of the mortgage market such as Buy to Let;
Residential, including Help to Buy and shared ownership; complex
commercial and semi-commercial; development finance; bridging; and
asset finance. The UK mortgage industry is facing several
challenges, including evolving customer demands and rapid changes
in regulations. To add to this, many providers have outdated legacy
IT systems that hinder their ability to adapt quickly when faced
with shifting economic conditions or changing interest rates. This
leaves many lenders without the flexibility or agility they need to
handle new demands.
OSB is taking an active leadership position in the UK lending
market by implementing the nCino platform to enhance the efficiency
of its lending processes. Through the partnership with nCino, OSB
will gain a fully configurable, single platform solution that will
create agility in its lending practices and provide flexibility to
continuously monitor the economic environment, pivot at speed and
adjust itself accordingly while providing a superior experience for
its customers and brokers.
Sound bites:
- “Our goal is to be recognised as the UK’s number one choice of
specialist bank through our commitment to exceptional service,
strong relationships and competitive propositions, helping
customers, colleagues and communities prosper. I’m looking forward
to the journey ahead of us with nCino and the added flexibility and
agility we will gain by implementing the platform,” said Matthew
Baillie, Group Chief Transformation Officer at OSB Group.
- "nCino will enable OSB to further streamline its lending
processes and drive efficiency while maintaining focus on providing
outstanding customer service,” said Thomas Chaplin, Head of
Mortgage Product, EMEA at nCino. “By leveraging the power of a
single platform, nCino can help mortgage providers, borrowers, and
brokers alike to benefit from enhanced efficiency and transparency
throughout the entire lending process. The exciting partnership
between nCino and OSB is just the latest example of this
tech-driven revolution that is modernising the mortgage industry in
the UK and we’re incredibly proud to be partnered on this
initiative.”
About nCinonCino (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 1,850 financial services providers globally. For more
information,
visit www.ncino.com.
About OSBOSB Group, a member of the FTSE 250
index, provides specialist lending and retail savings through its
industry leading brands and is authorised by the Prudential
Regulation Authority, part of the Bank of England, and
regulated by the Financial Conduct Authority and Prudential
Regulation Authority.
Media ContactsNatalia Moosepress@ncino.com 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.
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