nCino, a worldwide leader in cloud banking, is the winner of the 2017 IDC FinTech Rankings Real Results Award in the category of Lending Transformation. In conjunction, nCino has earned a place on the 2017 IDC Financial Insights FinTech Rankings – an annual listing of the top 100 technology providers to financial institutions worldwide.
For the third year, IDC Financial Insights awarded five companies with the Real Results Awards, which honors financial technology providers that have enabled a genuine, measurable, and future-enabling change at a respective client financial institution. nCino was awarded for its collaboration with Univest Bank and Trust Co. and its equipment leasing subsidiary Univest Capital, Inc.
“Univest and nCino have enjoyed a successful partnership since 2014, when we first deployed the Bank Operating System for our Main Street Banking program,” said Hugh Connelly, president of Business Banking at Univest Bank and Trust Co. “Because of the tremendous success we’ve experienced, we have now deployed the technology three times across three distinct lines of business. As a result, we have saved dozens of hours each month, decreased certain loan decision times to under 10 minutes and boosted data accuracy and accountability. Most importantly, nCino has further enabled us to deliver unmatched and exceptional service to our growing customer base across the business banking division of the Bank and our leasing subsidiary.”
This award reflects nCino’s ability to deliver on its mission of transforming financial services through innovation, reputation and speed; and the ranking is a result of the company’s consistent high growth. nCino now has more than 150 bank and credit union customers of all asset sizes and spanning multiple countries that have trusted its cloud-based Bank Operating System to drive change for their institutions.
“We’re proud of this award and to be named among the world’s top financial technology providers,” explained Pierre Naudé, CEO of nCino. “This recognition is a reflection of our success in the industry, and the strength of the partnerships we have established with clients like Univest. We look forward to becoming a trusted partner to even more leading financial institutions worldwide via our scalable, secure, cloud-based technology.”
The annual IDC FinTech Rankings categorize and evaluate the top global providers of financial technology based on calendar year revenues from financial institutions. The Rankings and Real Results Awards serve as critical tools for financial services institutions to use during strategic planning and to review whenever they consider new investments in third party solutions.