WILMINGTON, NC, June 08, 2021 (GLOBE NEWSWIRE) – nCino, Inc. (NASDAQ: NCNO), a pioneer in cloud banking and digital transformation solutions for the global financial services industry, today announced that a $ 761 million in assets, Oregon – Summit Bank chose nCino’s banking operating system to transform its operations and digitize its commercial lending business. Summit Bank will use nCino’s commercial banking and automated delivery solutions to enable the bank to gain information faster and make proactive, impactful decisions that best serve its customers. NCino’s Automated Delivery, powered by nCino IQ (nIQ), can seamlessly deliver financial data to automate tasks with precision and efficiency and provide Summit with a better opportunity to grow its financial portfolio.
âWe decided it was time to improve our offerings to better meet the needs of our customers. It was important for us not to just implement a one-time solution, but to make sure we find a key long-term partner with a platform that could grow with us, âsaid Gary O’Connell, President of the Market. at Summit Bank. âWhen nCino presented the opportunity to deliver an enhanced customer experience to the community we serve, we knew they were the right choice. We are delighted with our new partnership and look forward to working together collaboratively.
The commercial banking industry continues to face changing customer expectations while supporting outdated technology where customers and financial institutions are unable to effectively interact. NCino’s seamless end-to-end experience is able to replace disparate systems across Summit Bank’s front, middle and back office to empower their institution and create a personalized experience that exceeds their clients’ expectations. Summit Bank will also be able to automate workflows and approval processes across all commercial banking divisions, centralize document management capabilities, and monitor and measure the loan origination lifecycle. at the general and micro levels of the organization. . .
âWe are excited to provide Summit with not only a scalable solution to help drive future growth, but also a customized platform that could create a single view for all of Summit’s business customers,â said Mike Stoneff, vice Regional President, Community and Regional Financial Institutions. âSummit Bank is a prime example of a financial institution that understands that the digitization of its offerings and continuous innovation will generate significant business value. We look forward to working with Summit and continuing to help institutions in the Pacific Northwest. “
nCino (NASDAQ: NCNO) is the global leader in cloud banking. The nCino Bank Operating SystemÂ® provides financial institutions with scalable technology to help them increase revenues, increase efficiency, reduce costs and comply with regulations. In a digitally driven world, nCino’s unique digital platform enhances the employee and customer experience to enable financial institutions to more effectively onboard new customers, grant loans and manage overall loan lifecycle, and open deposits and other accounts across all lines of business and channels. . Transforming the way financial institutions work through innovation, reputation and speed, nCino works with more than 1,200 financial institutions around the world, with assets ranging from $ 30 million to over $ 2,000 billion . . For more information, visit: www.ncino.com.
About Summit Bank
Summit Bank, with offices in Eugene / Springfield, Central Oregon and the Metro Portland area, specializes in providing high-level service to professionals, mid-size businesses and their owners. Summit was recognized in 2020 as the Small Business Administration (SBA) Top Community Bank Lender in the State of Oregon. Summit Bank is listed on the NASDAQ Over-the-Counter Bulletin Board as SBKO.
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