WILMINGTON, N.C., March 03, 2022 (GLOBE NEWSWIRE) — nCino, Inc. (NASDAQ: NCNO), a pioneer in cloud banking and digital transformation options for the worldwide monetary companies business, at this time introduced that $4 billion-asset sized SmartBank, a subsidiary of SmartFinancial, Inc. (“SmartFinancial” or the “Firm”; NASDAQ: SMBK) is transferring to the nCino Financial institution Working System®. SmartBank will make the most of nCino’s Industrial Banking Answer, which is able to present the establishment a sturdy, digitized, end-to-end expertise for all its purchasers.
“We all know that investing in know-how is essential within the present digital panorama, but it surely’s much more crucial to have the data and understanding on the place to finest allocate that funding. We’ve been very acquisitive out there and to make sure that our buyer onboarding processes stay as seamless as potential, we would have liked a best-in-class answer that may serve our purchasers from anyplace, at anytime,” stated Daniel Hereford, EVP and Chief Data Officer at SmartBank. “This partnership will create larger effectivity and transparency for our associates and clients, and we sit up for additional simplifying the lending expertise.”
SmartFinancial, headquartered in Knoxville, Tennessee, opened its first department in 2007. The corporate continues to evaluate its digital capabilities and has made a number of financial institution acquisitions which have given it a 40-branch presence in Tennessee, Alabama, and Florida. nCino’s platform shall be crucial to the financial institution’s energetic M&A method by making a constant and scalable mortgage supply expertise for merging establishments. SmartBank’s transfer to nCino may also assist substitute outdated legacy methods whereas rising pace, effectivity, and the convenience with which purchasers and their bankers work together.
“The upswing in M&A exercise this previous yr has offered many alternatives for monetary establishments to transition to new applied sciences as they appear to develop their companies,” stated Will Cameron, Senior Vice President of Group and Regional Banking at nCino. “We’re excited for SmartBank to have a scalable answer that won’t solely drive future progress, however may also create a single view for all of their industrial purchasers.”
About nCino nCino (NASDAQ: NCNO) is the worldwide chief in cloud banking. The nCino Financial institution Working System® empowers monetary establishments with scalable know-how to assist them obtain income progress, larger effectivity, value financial savings and regulatory compliance. In a digital-first world, nCino enhances the worker and consumer expertise to allow monetary establishments to extra successfully onboard purchasers, make loans and handle the complete mortgage life cycle, and open deposit and different accounts throughout strains of enterprise and channels. Remodeling how monetary establishments function by way of innovation, repute and pace, nCino is partnered with greater than 1,500 monetary establishments of all sorts and sizes on a world foundation. For extra info, go to: www.ncino.com.
About SmartBank Based in 2007, SmartBank is a full-service industrial financial institution offering banking, funding, insurance coverage, and mortgage monetary companies, with 40 branches spanning Tennessee, Alabama, and Florida. Recruiting one of the best individuals, delivering distinctive consumer service, strategic branching and a disciplined method to lending have contributed to SmartBank’s success. For extra info on SmartBank, go to www.smartbank.com.
MEDIA CONTACTS Sutton Resler, nCino +1 571.236.4966 sresler@mww.com
Ryan Kelly +1 732.770.5942 ryan.kelly@ncino.com
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