Shawbrook to Leverage nCino to Automate Complex Lending Processes and Optimise Client Portfolios to Achieve Faster Time to Market
01 Agosto 2024 - 8:30AM
nCino, Inc. (NASDAQ: NCNO), a pioneer in cloud banking for the
global financial services industry, today announced that Shawbrook
has chosen nCino to help automate its loan origination processes,
while expanding portfolio management capabilities through nCino’s
cloud-based platform. With nCino’s intelligent solutions,
Shawbrook’s team will be able to more efficiently complete routine
tasks, allowing for more focus on delivering impactful services to
the SME market it serves.
Shawbrook, a UK-based specialist bank, is dedicated to
delivering premium experiences that clients value. As Shawbrook
experienced significant growth, the need for increased speed to
market became evident. When considering the approach to evolving
its technology stack, Shawbrook saw an opportunity to partner,
instead of building a solution in-house. By investing in nCino’s
out-of-the-box solution, Shawbrook gained a flexible and agile
platform that will allow it to react quickly to market demands.
With nCino, Shawbrook will consolidate multiple processes into
an end-to-end experience that reduces data inconsistency risks and
provides greater flexibility as the organization matures its IT
infrastructure and improves time to value for clients. In addition,
Shawbrook will be implementing nCino’s Automated Spreading Solution
that is powered by nIQ, nCino’s tool for artificial intelligence,
machine learning and analytics. The Automated Spreading Solution
reduces the time it takes to spread financials and will enable
portfolio growth by empowering Shawbrook with automated insights
for improving the speed and quality of credit decisions.
“Our ‘best of both’ strategy combines our deep human expertise
with best-in-class technology,” said Russ Thornton, Chief
Technology Officer, Shawbrook. “The partnership with nCino and the
implementation of their platform will drive a much better
experience for our SME customers as well as, and really
importantly, our colleague experience through process automation
and intuitive user interfaces giving them easy access to the data
they need to service customers.”
Neil Rudge, Chief Banking Officer, Commercial, said, “Over the
past few years, we have significantly expanded the number of
markets we operate in, as well as the size and value of our client
portfolios. Implementing the nCino software will enable us to
further enhance our exceptional client franchise with a modern,
robust, and sustainable origination and servicing platform.”
“Shawbrook has a reputation for challenging traditional banking
models and methods and are providing innovative services to an
underserved market,” said Charlie McIver, Managing Director of EMEA
at nCino. “We’re excited to be Shawbrook’s chosen technology
partner as they continue to transform their services to meet the
evolving needs of their clients and establish themselves as a
leader in this space.”
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 Shawbrook Bank Limited Shawbrook provides
finance to a wide range of customers who value the premium
experience, flexibility and certainty we deliver. We are a
purpose-led organisation, with a focus on delivering long-term
sustainable value for all our stakeholders.
We have a diversified offering, with our innovative lending
propositions tailored to meet specific customer needs in carefully
selected markets across SME, Real Estate and Personal. Our
innovative and specialist lending products range from complex
structured credit facilities for growth-focused businesses to
mortgages for professional landlords and property investors, as
well as simple loans for consumers delivered digitally. We fuel our
lending through customer deposits, which we attract by delivering a
premium experience, choice and consistently great value to smart
savers.
Shawbrook Bank Limited is an operating entity of Shawbrook Group
plc. Shawbrook Bank Limited is authorised by the Prudential
Regulation Authority and regulated by the Financial Conduct
Authority and the Prudential Regulation Authority and is a member
of the Financial Services Compensation Scheme.
Media Contacts Natalia
Moosepress@ncino.com
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