nCino Releases Updates to the Bank Operating System
Wilmington, N.C. (PRWEB) October 17, 2013 -- nCino, LLC, the leader in secure, cloud-based bank operating solutions to the financial services industry, today announced the latest features and enhancements to the Bank Operating System at its inaugural user conference, nSight, in Wilmington, N.C. The Fall Release includes a complete spreading engine and the introduction of the credit memo feature, both of which are configurable to client needs and were developed based on customer feedback and industry best practices. These new features and enhancements allow institutions to become even more efficient by leveraging the power of the nCino Bank Operating System. The Fall 2013 product release is being rolled out to current nCino customers and is now included as part of the standard Bank Operating System solution for new customers.
Pierre Naudé, chief executive officer of nCino, said, "Our Fall 2013 release sees a major reconfiguration of spreads and the introduction of the nCino credit memo. Both features are designed to be highly configurable by the bank or credit union using them, and both permit additional functional ability for lenders and the loan approval process without leaving the Bank Operating System."
Naudé continued, "Customer feedback is an integral part of our product upgrade process, and the features and enhancements in this release incorporate suggestions from nCino users."
Key features and highlights of the Fall 2013 release include:
• Reorganization of the Financial Analysis section to include the following sections: Overview (consisting of relationship exposures calculating total corporate exposure and internal debt service), Borrower, Co-Borrower, Guarantor, Related Entity, and Global Analysis with related configurable financial statement templates, relevant charts of accounts, flexible ratios calculated pursuant to the customer banks’ criteria and the ability to manipulate the related analysis using the banks’ credit policy requirements
• Aggregation of information pertaining to a loan, its borrowing structures, collateral, pricing, debt analysis, and much more in the nCino Credit Memo enabling users to eliminate the timely duplicative data entry that typically ensues in this type of exercise
• Custom nCino Credit Memo templates that can be configured to pull in related application information, the product selection, the loan amount, or other criteria based on the needs of the financial institution
nCino's inaugural user conference, nSight 2013, is a two-day event being held at the nCino headquarters in Wilmington, N.C. Attendees comprise users from nCino's current portfolio of 26 bank and credit union clients as well as prospective nCino customers and nCino partners.
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 the Salesforce Platform 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
The NCINO mark is a federally registered trademark of nCino, LLC. All rights reserved.
Sara Mallory, nCino, http://www.ncino.com, +1 (910) 777-5418, [email protected]
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