nCino Forms Joint Venture with sbaOpen

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Combination of nCino's loan origination and document management tools and sbaOpen's domain expertise will create market-leading SBA technology solution.

nCino Forms Joint Venture with sbaOpen

"The strength and power of nCino's cloud banking platform, together with sbaOpen's thought-leadership and SBA domain expertise, will enable us to create a market-leading SBA technology solution," said nCino CEO Pierre Naudé.

nCino, LLC, the leader in secure, cloud-based bank operating solutions to the financial services industry, announced that it has entered into a partnership with sbaOpen, a web-based solution that allows lenders to efficiently and effectively originate, underwrite, authorize and approve SBA loans. nCino and sbaOpen will work together to integrate the sbaOpen solution into the nCino Bank Operating System to support the origination and servicing of SBA-guaranteed loans, including the receipt, verification, collection, and transmission of loan data and program fee payments.

nCino CEO Pierre Naudé said, "The strength and power of nCino's cloud banking platform, together with sbaOpen's thought-leadership and SBA domain expertise, will enable us to create a market-leading SBA technology solution. We are proud to partner with Karen McHugh and her team at sbaOpen and we feel confident that this will be a cohesive and fruitful partnership."

"nCino recognizes that in order for banks to increase productivity, they must streamline processes and improve efficiency and transparency. sbaOpen has been successful because SBA lenders like our efficient approach to providing the tools needed to develop a complete SBA loan package and decision/document the SBA program eligibility piece of the loan transaction. Our extensive SBA loan program regulation knowledge, combined with the power of nCino's secure platform, will enable us to provide even greater value to the SBA lending community and produce a leading SBA technology solution," said Karen McHugh, Principal at sbaOpen.

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. Its reporting and dashboard features also enable real-time tracking and the built-in covenant tracking and business intelligence features help reduce regulatory compliance costs and policy exceptions.

sbaOpen facilitates the SBA lending process and was built to meet the specific demands of the SBA lending community. Founded in 2009, the service is web-based and enables users to take a warm lead through origination, underwriting, and submission to SBA for 7(a) Loans.

About nCino
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.com

The NCINO mark is a federally registered trademark of nCino, LLC. All rights reserved.

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Jonathan Rowe
nCino
910.777.5407
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Sara Mallory
nCino
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