nCino’s Single Platform Selected by Desjardins to Automate Loan Origination Process Through Machine Learning
21 Março 2024 - 8:30AM
nCino, Inc. (NASDAQ: NCNO), a pioneer in cloud banking for the
global financial services industry, today announced that the
largest cooperative financial group in North
America, Desjardins Group, will implement nCino’s Automated
Spreading Solution, powered by nCino IQ (nIQ), expanding their
partnership with nCino to further realize the benefits of a single
platform.
After implementing nCino’s Small Business and Commercial Banking
Solutions in 2022, Desjardins has been able to increase the speed
of its loan origination process by eliminating unnecessary wait
times for its members and clients. To improve the efficiency
already gained by using the platform, Desjardins is expanding its
use of nCino to include Automated Spreading functionality, which
leverages machine learning to streamline the underwriting process,
enhance financial statement data capture and improve the speed and
quality of credit decisions. This solution covers multilingual
documents and multi-currency financial statements, making the
process smoother for Desjardins’ clients and members.
“Desjardins is continuously working to minimize delays and wait
times for our members and clients and increase value added
interactions by offering innovative digital solutions that meet
their needs. Our partnership with nCino has already helped us
accelerate the funding process to small businesses. With nCino’s
spreading solution, we will be able to remain a leader and continue
to offer members and clients a seamless user experience,” said
Jean-Yves Bourgeois, Executive Vice-President of Business
Services.
“Desjardins’ selection of nCino’s Automated Spreading Solution
demonstrates their forward-thinking approach to leveraging and
deriving meaningful value from technology.” said Greg Wipke, Vice
President of Sales, Canada, at nCino. “We are proud to be
strengthening our partnership and look forward to building upon the
way Desjardins has embraced the nCino platform to create greater
operational efficiencies across the credit decisioning processes
and to enhance client experiences.”
About nCinonCino (NASDAQ: NCNO) is the
worldwide leader in cloud banking. Through its single
software-as-a-service (SaaS) platform, nCino helps financial
institutions serving corporate and commercial, small business,
consumer, and mortgage customers modernize and more
effectively onboard clients, make loans, manage the loan lifecycle,
and open accounts. Transforming how financial institutions operate
through innovation, reputation and speed, nCino is partnered with
more than 1,800 financial services providers globally. For more
information, visit www.ncino.com.
About Desjardins Group Desjardins Group is the
largest cooperative financial group in North America and the fifth
largest cooperative financial group in the world, with assets of
$422.9 billion as at December 31, 2023. It was named one of
Canada's Best Employers by Forbes magazine and by Mediacorp. To
meet the diverse needs of its members and clients, Desjardins
offers a full range of products and services to individuals and
businesses through its extensive distribution network, online
platforms and subsidiaries across Canada. Ranked among the world's
strongest banks according to The Banker magazine, Desjardins has
some of the highest capital ratios and credit ratings in the
industry.
Media ContactsNatalia Moosepress@ncino.com
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