nCino, Inc. Common Stock
NCNOnCino, Inc. (NCNO) is a cloud banking software provider that offers a platform designed to streamline and automate banking operations, including loan origination, deposit account opening, and compliance processes. Founded in 2012, the company focuses on delivering digital solutions to financial institutions, enabling them to improve efficiency, reduce risk, and enhance customer experience through its cloud-based platform built on Salesforce.
Company News
Wall Street paused as rising Treasury yields and upcoming Nvidia earnings and Fed minutes weighed on sentiment. The S&P 500 slipped 0.2%, with technology and communication services sectors avoiding losses.
Banque Raiffeisen, Luxembourg's only cooperative bank, has chosen the nCino Platform to digitize its loan and credit chain management. The partnership will support Banque Raiffeisen in driving operational efficiency, streamlining workflows, and strengthening regulatory compliance.
nCino, a provider of banking solutions, has acquired Sandbox Banking, a digital transformation leader in the financial services industry. The acquisition aims to enhance data connectivity and streamline operations for banks and credit unions through an integration platform.
Habib Bank Zurich plc (HBZ UK) has selected the nCino Platform to digitally enhance its Buy-to-Let Lending business in the UK. The partnership will help HBZ UK streamline processes, enhance risk management, and create efficiencies in loan origination and management.
nCino, Inc. reported strong financial results for the third quarter of fiscal year 2025, with total revenues up 14% year-over-year and non-GAAP operating margin improving by 350 basis points. The company also provided guidance for the fourth quarter and full fiscal year 2025.
