"nCino is very intuitive, practical, and comprehensive – obviously developed for Bankers by Bankers," said Bank of Floyd CEO Michael D. Larrowe.
Wilmington, N.C. (PRWEB) April 18, 2013
nCino, LLC, the leader in secure, cloud-based bank operating solutions to the financial services industry, announced that Floyd, Virginia based Bank of Floyd has selected the company's Bank Operating System to automate and streamline credit processes and increase efficiency and productivity.
"We saw the nCino platform as a central driver in developing a more consistent and compliant loan origination process – to replace substantially manual and highly variable credit processes. nCino is very intuitive, practical, and comprehensive – obviously developed for Bankers by Bankers. By utilizing simple, logical, and accountable workflows, this solution fundamentally and positively changes the behavior of all parties in the credit process – from the customer to the bank's closing personnel," said Michael D. Larrowe, President and CEO of The Bank of Floyd.
nCino's Bank Operating System leverages the power and security of the Salesforce.com platform to provide transparency across relationship management, portfolio management and internal policies. Originally developed within a live banking environment, the system organizes and automates data, eliminating the use of spreadsheets and duplicate loan documents to increase efficiency. Its reporting and dashboarding features also enable real-time tracking, and the built-in covenant monitoring and business intelligence features help reduce regulatory compliance costs and policy exceptions.
Larrowe continued, "The nCino platform was the best solution we considered. The ease of implementation, relative to alternate providers, was just a bonus."
Pierre Naudé, chief executive officer of nCino, said, "An investment in nCino's bank operating system is an investment in a bank's future. Our customers have seen significant changes in day-to-day operations after implementation of the nCino solution, including increases in loan volume and staff efficiency as well as reductions in the number of policy exceptions. By making the decision to utilize this technology, Bank of Floyd is demonstrating the importance they place on customer satisfaction and empowering bank employees with the best solution."
Wilmington, N.C.-based nCino, LLC is the leader in cloud-based bank operating solutions to the financial services industry. Through its flagship Bank Operating System solution, nCino leverages the power of Salesforce.com® to provide small- to mid-sized financial institutions with superior transparency and clarity into their existing loan production pipelines, portfolios and operating efficiencies across all business lines, resulting in increased profitability, productivity gains and regulatory compliance. For more information, visit http://www.ncino.com.
For media and press inquiries email: press(at)ncino(dot)com