"We are pleased to enter into a relationship with nCino. We expect the nCino solution to provide us with a flexible and extensible platform," said Jim Baxley, SVP and CIO at Square 1 Bank.
Wilmington, N.C. (PRWEB) May 16, 2013
nCino, LLC, the leader in secure, cloud-based bank operating solutions to the financial services industry, announced that Durham, North Carolina based Square 1 Bank has selected the company's Bank Operating System.
"We are pleased to enter into a relationship with nCino. As an extension of our investment in Salesforce.com, and in alignment with our outsourced IT strategy, we expect the nCino solution to provide us with a flexible and extensible platform. Square 1 has experienced impressive growth since inception, and we need to ensure our systems continue to grow with us. We believe that Chip Mahan, Pierre Naudé, Pullen Daniel, and the whole nCino team will help make that happen," said Jim Baxley, SVP and CIO at Square 1 Bank.
Pierre Naudé, chief executive officer of nCino, said, "The nCino Bank Operating System is a great fit for a full service commercial bank like Square 1 that has offices in ten U.S. cities, is focused on strategic growth, and needs a flexible, highly configurable system. The CRM features of Salesforce.com, together with nCino's document manager, loan origination system, and real-time reporting capabilities, will provide Square 1 with a true competitive advantage as it continues to expand and serve customers across the country."
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.
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.
About Square 1 Bank
Square 1 Bank is a full service commercial bank dedicated exclusively to serving the financial needs of the venture capital community and entrepreneurs in all stages of growth and expansion. Square 1's expertise, focus and strong capital base provide flexible resources and unmatched support to meet our clients' needs. The bank offers tailored products and solutions aided by the latest in technological innovations. Square 1 has offices coast to coast in Austin, Boston, Denver, Durham, Los Angeles, New York, San Diego, Seattle, Silicon Valley and Washington, DC. For more information, visit http://www.square1bank.com.
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