Statement issued by the company (Announcement)<\/p>\n
nCino<\/a>, Inc. (NASDAQ: NCNO), a pioneer in cloud banking for the global financial services industry, today announced that Alba Bank<\/a> (Alba) has made a significant step towards<\/strong> supporting the UK\u2019s small- and medium-sized businesses (SMEs) by adopting the nCino Cloud Banking Platform<\/a>.<\/p>\n As a secure cloud-based solution, the\u00a0nCino Cloud Banking Platform\u00a0will help to ensure Alba has a streamlined end-to-end lending process from loan application to fund disbursement. As Alba grows and evolves, it will offer a scalable, cutting-edge SME lending framework which complements its commitment to providing quick lending decisions.<\/p>\n Integrating with Alba\u2019s core banking engine, the nCino platform will enable the submission of loan applications, the monitoring of progress and the digital sharing of loan decisions, helping to reduce the time from application <\/strong>to review by Alba\u2019s team of underwriters, and approval.<\/p>\n Alba was, earlier this year, granted its banking licence by the UK<\/strong> Prudential Regulatory Authority (PRA) and the FCA<\/strong>, allowing it to move into mobilisation, during which time it is focused on building out its team, operations and infrastructure.<\/p>\n With full regulatory approval pending, Alba\u2019s partnership with nCino will help to ensure that the Bank is technically and operationally ready to begin lending on day one.<\/p>\n Andrew Lewis<\/strong>, Chief Risk Officer for Alba Bank said: “To build Alba, we partnered with the very best technology providers in their fields<\/strong> to offer our customers a first-class banking experience. Partnering with nCino underlines this approach. nCino\u2019s highly regarded Cloud Banking Platform will support our end-to-end lending needs, helping our expert underwriters to make quicker lending decisions for our customers, and allowing us to scale with speed and agility as we introduce more products and build our customer base.\u201d<\/p>\n “We\u2019re proud to partner with Alba Bank in their endeavor to revolutionize SME banking,\u201d said Charlie McIver<\/strong>, Managing Director, EMEA at nCino. \u201cOur technology is robust and adaptable<\/strong>, designed to support both emerging banks like Alba, and large established incumbents seeking to innovate and modernise. We\u2019re excited to be on this journey with Alba as they scale and work to fulfill their mission.\u201d<\/p>\n nCino (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 1,850 financial services providers globally<\/strong>. For more information, visit www.ncino.com<\/a>.<\/p>\n Alba Bank Limited is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority (Financial Services Register number 849944). For more information, visit http:\/\/www.albabank.co.uk<\/a><\/p>\n nCino Media Contacts<\/strong> Alba Bank Media Contacts<\/strong> This press release contains forward-looking statements within the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements generally include actions, events, results, strategies and expectations and are often identifiable by use of the words \u201cbelieves,\u201d \u201cexpects,\u201d \u201cintends,\u201d \u201canticipates,\u201d \u201cplans,\u201d \u201cseeks,\u201d \u201cestimates,\u201d \u201cprojects,\u201d \u201cmay,\u201d \u201cwill,\u201d \u201ccould,\u201d \u201cmight,\u201d or \u201ccontinues\u201d or similar expressions. Any forward-looking statements contained in this press release are based upon nCino\u2019s historical performance and its current plans, estimates, and expectations, and are not a representation that such plans, estimates, or expectations will be achieved. These forward-looking statements represent nCino\u2019s expectations as of the date of this press release. Subsequent events may cause these expectations to change and, except as may be required by law, nCino does not undertake any obligation to update or revise these forward-looking statements. These forward-looking statements are subject to known and unknown risks and uncertainties that may cause actual results to differ materially including, among others, risks and uncertainties relating to the market adoption of our solution and privacy and data security matters. Additional risks and uncertainties that could affect nCino\u2019s business and financial results are included in reports filed by nCino with the U.S. Securities and Exchange Commission (available on our web site at http:\/\/www.ncino.com<\/a> or the SEC’s web site at http:\/\/www.sec.gov<\/a>). Further information on potential risks that could affect actual results will be included in other filings nCino makes with the SEC from time to time.<\/p>\nAbout nCino<\/strong><\/h3>\n
About Alba Bank Limited<\/strong><\/h3>\n
\nNatalia Moose
\npress@ncino.com<\/a><\/p>\n
\nHarry Hussain
\nHarry.hussain@framecreates.co.uk<\/a>
\n07525 903588<\/p>\nSafe Harbor Statement<\/strong><\/h3>\n