The solution developer claims that the offering will provide added layer of security with higher transparency.
nCino chief executive officer Pierre Naudé said in recent years, financial institutions have faced a number of challenges, including a lack of process around origination and portfolio management, whether to focus the limited resources they have on compliance or efficiency and little coordination across departments.
"We built the Bank Operating System within a live bank environment to address these challenges as securely and comprehensively as possible," Naudé added.
nCino’s Bank Operating System, incorporated with a bank’s existing core system, facilitates the power of salesforce to provide small- to mid-sized financial institutions with transparency across relationship management, portfolio management, origination and internal policies, said the company.
The new cloud based banking platform eliminates the need to maintain expensive enterprise software systems, thus helps save resources of the firm.
