Absa Bank Limited Chooses nCino to Optimize It | Techy Kings

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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.”

About nCino
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

Media Contact

EMEA
Natalia Moose, nCino
+44 7825 211135
natalia.moose@ncino.com

This press release contains forward-looking statements within the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements generally include actions, events, decisions, strategies and expectations and can often be identified by the use of the words “believe,” “ anticipate,” “intend,” “anticipate,” “plan,” “seek,” “estimate,” “project,” “may,” “will,” “could,” “might,” or “continue” or expressions that similar Any forward-looking statements contained in this press release are based on nCino’s historical performance and its current plans, estimates and expectations, and are not representations that those plans, estimates or expectations will be achieved. These forward-looking statements represent nCino’s expectations as of the date of this press release. Subsequent events may cause these expectations to change and, except as required by law, nCino undertakes no obligation to update or revise these forward-looking statements. These forward-looking statements are subject to known and unknown risks and uncertainties that may cause actual results to differ materially including, among others, risks and uncertainties related to market adoption of our solutions and data privacy and security matters. Additional risks and uncertainties that could affect nCino’s business and financial results are included in reports filed by nCino with the US Securities and Exchange Commission (available on our website at www.ncino.com or the SEC website at www.sec.gov) . More information about potential risks that could affect actual results will be included in other filings nCino makes with the SEC from time to time.

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