nCino, Inc. Named Top-Tier Software Vendor by APPS RUN THE WORLD in the APPS and CLOUD TOP 500 Market Report

nCino, Inc. Strengths, Domain Expertise, and Key Differentiators

nCino is a leading global provider of cloud-based software for financial institutions. They empower banks and credit unions with the technology they need to meet ever-changing client expectations and regulatory requirements, gain increased visibility into their operations and performance, replace legacy systems, and operate digitally and more competitively. Their solution, the nCino Bank Operating System, digitizes, automates and streamlines inefficient and complex processes and workflow, and utilizes data analytics and artificial intelligence and machine learning (“AI/ML”) to enable financial institutions to more effectively onboard new clients, make loans and manage the entire loan life cycle, open deposit and other accounts and manage regulatory compliance.

nCino, Inc. Recent Developments

The recent agreement between nCino and RDC underscores a strategic alignment aimed at enhancing the lending experience for customers. Through this value-added reseller agreement, nCino will integrate RDC's advanced decisioning capabilities into its acclaimed Bank Operating System (nCino BOS). This integration is poised to revolutionize commercial and small business lending by offering financial institutions deeper insights into their clients' businesses.

In July 2020, nCino launched the roadshow for its initial public offering of 7,625,000 shares of its common stock. The underwriters of the offering will also have a 30-day option to purchase from nCino up to 1,143,750 additional shares of common stock. The initial public offering price is expected to be between $22.00 and $24.00 per share. nCino has applied to list its common stock on the Nasdaq Global Select Market under the ticker symbol "NCNO."

In December 2019, nCino collaborated with J.D. Power, a global leader in consumer insights, advisory services and data and analytics, to integrate J.D. Power Valuation Services (formerly NADA Used Car Guide) into the nCino Bank Operating System. This addition to the nCino platform allows financial institutions to easily obtain accurate pricing for vehicles used by their commercial or retail customers as loan collateral without having to log into separate systems or rekey data. This integration joins a full line of automated back-office tasks available through nCino that bankers can leverage to provide their customers with a truly exceptional experience. With nCino, financial institutions have access to digital applications and onboarding, a customer-facing portal for the direct exchange of information and workflows that guide interactions while tracking application progress. From the customer experience to back office processes, nCino's Bank Operating System fosters a 360-degree view of loan relationships, allowing bankers to issue faster loan decisions.

In November 2019, nCino expanded its Bank Operating System with nCino IQ (nIQ). nIQ uses artificial intelligence (AI) and machine learning to increase efficiency through automation and provides insights through analytics to improve the overall customer experience by helping financial institutions make faster and more informed decisions and become more predictive and proactive. As part of the nCino Bank Operating System, nIQ works across a financial institution's front, middle and back office to empower bank and credit union employees to respond to customer needs more quickly and remain compliant by providing increased visibility and actionable insights. With nearly two-thirds of financial institutions citing increasing operational efficiency as their top priority over the next one to two years,1 nIQ provides effective tools to automate and connect banking processes, eliminate costly and laborious data entry and inform data-driven decisions to improve the customer journey.

nCino, Inc. Mergers and Acquisitions (M&A) Activities

In 2022, nCino's acquisition of SimpleNexus heralds a new era of collaboration and innovation in the realm of digital banking and homeownership software. As both companies embark on this transformative journey, they are poised to redefine industry standards, unlock new growth opportunities, and empower financial institutions and consumers alike to thrive in an increasingly digital world. This strategic move underscores the significance of M&A activities as a catalyst for driving industry consolidation, fostering innovation, and fueling growth in the dynamic landscape of the IT industry.

In July 2019, nCino acquired Visible Equity, a market-leading financial analytics and compliance software company based in Salt Lake City, Utah. This strategic acquisition leverages the unique strengths and joint synergies of each company to further drive and accelerate transformation in financial services. Founded in 2008, Visible Equity is a software as a service (SaaS) company that provides portfolio management, analytics and compliance solutions to banks and credit unions.

nCino, Inc. Customers in ARTW Customer Database

Leveraging a rigorous data-centric research methodology, APPS RUN THE WORLD asks the simple question: Who’s buying nCino, Inc. applications and why? And we provide the answers – supported by decades of research – to our clients around the world. Our Customer database has over 100 data fields that detail company usage of nCino, Inc. and other enterprise apps by function, customer size, industry, location, implementation status, partner involvement, Line of Business Key Stakeholders and IT decision makers contact details. List of Verified nCino Bank Operating System customers.

nCino, Inc. Key Enterprise and Cloud Applications

nCino Bank Operating System

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nCino, Inc. Direct vs Indirect sales

nCino, Inc. Customers - Breakdown by Geo, Size, Vertical and Product

List of Verified nCino, Inc. Customers

No. of nCino, Inc. Customers: 1850

No. of nCino, Inc. Enterprise Applications Customers: 1850

No. of nCino, Inc. Cloud Customers: x

No. of nCino, Inc. Cloud Subscribers: x

nCino promotes sales to more than 1850 customers in North America out of their offices in the United States and Canada, in APAC out of their offices in Australia and Japan, and in EMEA out of office in the United Kingdom (“UK”). Some of their customers inculude Texas Farm Credit, Origin Bank, Santander UK, WaFd Bank, Fulton Bank, Westfield Bank, Member Business Financial Services (MBFS), Yourban, Mascoma Bank, On Tap Credit Union, MountainCrest Credit Union and others.

nCino, Inc. Market Opportunities, M&A and Geo Expansions

The appointment of new executives within nCino's leadership team underscores the company's strategic focus on innovation, market expansion, and customer-centricity. As financial institutions increasingly embrace cloud-based technologies to drive digital transformation, nCino is well-positioned to capitalize on this trend. With a robust suite of cloud banking solutions and a strong emphasis on customer success, nCino is poised to further solidify its position as a market leader in the financial services industry. With the appointment of Ben Miller as Chief Executive Officer of SimpleNexus, an nCino Company, the organization reinforces its commitment to revolutionizing digital homeownership software solutions. Jaime Punishill as Chief Market Officer of nCino heralds a new era of strategic marketing initiatives and market expansion efforts. With a proven track record of driving growth and brand visibility, Punishill is well-equipped to lead nCino's global marketing efforts. Matt Hansen appointed as Chief Product Officer of nCino, the company reaffirms its commitment to delivering best-in-class solutions that address the evolving needs of financial institutions. Hansen brings a wealth of experience in product development and engineering, having previously held key leadership roles within nCino's product organization.

In 2022, rebranding of SimpleNexus to nCino’s Mortgage Suite lays the groundwork for expansion into new regions, both domestically and internationally. With an established presence in the United States, nCino is poised to leverage its robust infrastructure and industry expertise to penetrate global markets. This expansion not only augments revenue streams but also fosters cross-cultural collaboration and knowledge exchange, propelling nCino towards becoming a global leader in home lending solutions.

Ncino plans to extend the depth and breadth of the nCino Bank Operating System’s client onboarding, loan origination and deposit account opening functionality across lines of business, while further enhancing its international capabilities. Additionally, they plan to continue to develop their portfolio analytics and credit modeling capabilities as well as their AI/ML capabilities through automation, predictive analytics, digital assistant services and data source integration. These innovations will further reduce the human resources required for routine but time-consuming tasks, allowing their customers’ employees the ability to spend more time on value creating activities. By continuing to expand the functionality of the nCino Bank Operating System, they can further help their customers improve financial results, operate more efficiently, manage risk and compliance more effectively, and establish a data, audit and business intelligence hub.

Currently deployed in 10 countries, nCino has made significant investments to expand their presence in Europe, the Middle East and Africa (“EMEA”) and APAC, and their solution can currently support over 120 languages and over 140 currencies.

In Octomber 2019, nCino partnered with Japan Cloud, a prominent Tokyo-based professional services firm that helps leading global businesses succeed in the Japanese market, to establish operations in Tokyo. The new subsidiary, nCino K.K., was established to meet the growing demands of financial institutions in Japan looking to digitally transform their operations and improve efficiency. nCino K.K. was created on the heels of strong growth and expansion for nCino, which works with over 250 financial institutions globally and has offices in London, Sydney, Toronto and Salt Lake City in addition to its worldwide headquarters in Wilmington, N.C., U.S.A.

In July 2019, nCino established a new office in Toronto to better support the adoption of the nCino Bank Operating System within Canadian financial institutions. This office follows the opening of offices in London and Sydney in addition to its worldwide headquarters in Wilmington, North Carolina. nCino's growing presence in Canada will serve to enhance the customer and employee experience at financial institutions by delivering a cloud-based solution to Canadian banks and credit unions that are looking to rapidly advance their offerings through innovative products and services. On average, nCino clients have experienced a 40 percent decrease in loan closing times, a 22 percent increase in efficiency, and a 92 percent reduction in servicing costs.

nCino, Inc. Risks and Challenges

If nCino is unable to attract new customers or continue to broaden their existing customers’ use of their solution, their revenue growth will be adversely affected. Furthemore, fundamental elements of the nCino Bank Operating System are built on the Salesforce Platform and they rely on their agreement with Salesforce (“Salesforce”) to provide our solution to their customers.

nCino, Inc. Ecosystem, Partners, Resellers and SI

The strategic partnership between nCino and Zest AI underscores the transformative potential of ecosystem integrations in shaping the future of consumer banking. By combining forces, these industry leaders are not only redefining efficiency and inclusivity but also paving the way for a more interconnected and resilient financial services landscape.

nCino has developed strong relationships with a number of leading SIs, including Accenture, Deloitte, PwC and West Monroe Partners, that increase their capacity to onboard new customers and implement the nCino Bank Operating System, extend their global reach and drive increased market awareness of our company and solution.

nCino, Inc. Cloud Infrastructure Insights

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• nCino, Inc. Public Cloud and Infrastructure (IaaS)
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Research Methodology

Data used in research reports are derived from publicly available documents, continuous surveys of applications vendors, customers, resellers, Independent Software Vendors, systems integrators and other verifiable sources.

Vendor shares and market forecast results are based on a combination of existing databases as well as demand side and supply side research conducted throughout the year with validation from vendors, customers, channel partners and documentations such as earnings releases and 10Q and 10K filings, vertical industry studies, regional and country-level statistics from public and private institutions(i.e. colleges, universities, government agencies and trade associations).

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