JOHANNESBURG, South Africa, 01 Nov. 2022 (GLOBE NEWSWIRE) — nCino, Inc. (NASDAQ: NCNO), a pioneer in cloud banking and digital transformation solutions for the global financial services industry, today announced that Absa Bank Limited (Absa ), a leading African bank, has selected the nCino Bank Operating System®to deliver a single platform solution to automate debt case management and portfolio reporting processes in its Relationship Banking Business.
As the bank accelerates its digitization programme, nCino will deliver this cloud-based platform and help Absa reduce complexity and eliminate high-touch processes, ultimately improving the experience of its employees and customers and increasing efficiency.
“The introduction of nCino will provide Absa with a single, centralized workflow solution, which will streamline its internal processes,” said Kate Jane Johnsen, Regional Vice President at nCino. “I look forward to seeing the results of this partnership in action.”
“We are confident that the nCino platform will support our ambition to become a digitally empowered business,” said Sugandree Mudely of Absa Relationship Banking. “The delivery of this solution is a significant milestone in our digital transformation.”
nCino (NASDAQ: NCNO) is a world leader in cloud banking. nCino Bank Operating System® empowering financial institutions with scalable technology to help them achieve revenue growth, greater efficiency, cost savings and regulatory compliance. In a digital-first world, nCino’s single cloud-based platform improves the employee and customer experience to enable financial institutions to more effectively accept customers, originate loans and manage the entire loan lifecycle, and open deposits and other accounts across lines of business and channels. Changing the way financial institutions operate through innovation, reputation and speed, nCino works with over 1,750 financial institutions of all types and sizes on a global basis. For more information, visit www.ncino.com.
About Absa Bank Limited
Absa Bank Limited (‘Absa Bank’) is a wholly owned subsidiary of Absa Group Limited, which is listed on the Johannesburg Stock Exchange and is one of Africa’s largest financial services groups. Absa offers a network of retail, business, corporate and investment banking and wealth management and insurance products and services primarily in South Africa and Namibia.
For more information about Absa, please visit our website www.absa.co.za
Natalia Moose, nCino
+44 7825 211135
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