Rabobank Australia and New Zealand inks deal with nCino

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SYDNEY, Australia, Sept. 01, 2022 (GLOBE NEWSWIRE) — nCino, Inc. (NASDAQ: NCNO), a pioneer in cloud banking and digital transformation options for the worldwide monetary providers business, at present introduced that Rabobank Australia and New Zealand (RANZ) has chosen the nCino Bank Operating System®, leveraging nCino’s Automated Spreading answer, powered by nCino IQ (nIQ). This partnership will profit the financial institution’s Australian and New Zealand staff and prospects, representing a multi-currency, cross-country dedication to supply a greater banking expertise.

“By partnering with nCino, we will optimise our financial spreading analysis,” mentioned Alexa Glynn, Chief Operating Officer at RANZ. “This relationship will provide an excellent opportunity for RANZ to support our growing customer base and modernise our systems. We’re delighted that nCino’s technology will enable us to offer our customers and employees a better banking experience.”

The world’s main specialist meals and agribusiness financial institution, Rabobank is certainly one of Australia and New Zealand’s largest agricultural lenders and a serious supplier of business and company banking providers to the nation’s meals and agribusiness sector.

By adopting the nCino Bank Operating System, RANZ features a digital answer that intelligently transforms the method of spreading financials by leveraging machine studying and optical character recognition (OCR).

“Rabobank’s customers value their relationship managers’ close connection to their business. To effectively build on this connection, Rabobank Australia and New Zealand procured a platform that can leverage artificial intelligence (AI), machine learning and analytics to increase data automation and generate meaningful insights,” mentioned Mark Bernhardi, Managing Director of Australia and New Zealand at nCino. “We’re excited to partner with RANZ to help them achieve their goals and enhance their services through digital transformation. This partnership will enhance RANZ’s commitment to creating value for their customers, employees and the communities in which they do business.”

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With nCino’s Automated Spreading answer, RANZ will be capable to cut back the time it takes to unfold and course of paperwork by a big margin, enabling worthwhile portfolio progress by bettering the velocity and high quality of credit score selections. By adopting options akin to this, the establishment will be capable to automate high-volume, low-complexity duties, liberating up their staff’ time to concentrate on strengthening buyer relationships.

About nCino
nCino (NASDAQ: NCNO) is the worldwide chief in cloud banking. The nCino Bank Operating System® empowers monetary establishments with scalable expertise to assist them obtain income progress, higher effectivity, price financial savings and regulatory compliance. In a digital-first world, nCino’s single cloud-based platform enhances the worker and shopper expertise to allow monetary establishments to extra successfully onboard shoppers, make loans and handle all the mortgage life cycle, and open deposit and different accounts throughout strains of business and channels. Transforming how monetary establishments function by innovation, fame and velocity, nCino is partnered with greater than 1,750 monetary establishments of all sorts and sizes on a worldwide foundation. For extra data, go to www.ncino.com.

About Rabobank Australia and New Zealand
Rabobank Australia & New Zealand is part of the worldwide Rabobank Group, the world’s main specialist in meals and agribusiness banking. Rabobank has greater than 120 years’ expertise offering customised banking and finance options to companies concerned in all facets of meals and agribusiness. Rabobank is structured as a cooperative and operates in 38 nations, servicing the wants of roughly 8.4 million shoppers worldwide by a community of greater than 1,000 workplaces and branches. Rabobank Australia & New Zealand Group is certainly one of Australasia’s main agricultural lenders and a big supplier of business and company banking and monetary providers to the area’s meals and agribusiness sector. The financial institution has 90 branches all through Australia and New Zealand.

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Media Contacts
Christopher Smith, nCino
+1 973.303.3707
csmith@mww.com

This press launch incorporates forward-looking statements throughout the secure harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements typically embrace actions, occasions, outcomes, methods and expectations and are sometimes identifiable by use of the phrases “believes,” “expects,” “intends,” “anticipates,” “plans,” “seeks,” “estimates,” “projects,” “may,” “will,” “could,” “might,” or “continues” or comparable expressions. Any forward-looking statements contained on this press launch are based mostly upon nCino’s historic efficiency and its present plans, estimates, and expectations, and are usually not a illustration that such plans, estimates, or expectations will probably be achieved. These forward-looking statements symbolize nCino’s expectations as of the date of this press launch. Subsequent occasions might trigger these expectations to vary and, besides as could also be required by regulation, nCino doesn’t undertake any obligation to replace or revise these forward-looking statements. These forward-looking statements are topic to recognized and unknown dangers and uncertainties which will trigger precise outcomes to vary materially together with, amongst others, dangers and uncertainties referring to the market adoption of our answer and privateness and knowledge safety issues. Additional dangers and uncertainties that would have an effect on nCino’s business and monetary outcomes are included in studies filed by nCino with the U.S. Securities and Exchange Commission (obtainable on our website online at www.ncino.com or the SEC’s website online at www.sec.gov). Further data on potential dangers that would have an effect on precise outcomes will probably be included in different filings nCino makes with the SEC occasionally.

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