Alba Bank adopts nCino Cloud Banking Platform for SME lending
21 11월 2023 - 4:30PM
nCino, Inc. (NASDAQ: NCNO), a pioneer in cloud banking for the
global financial services industry, today announced that Alba Bank
(Alba) has made a significant step towards supporting the UK’s
small- and medium-sized businesses (SMEs) by adopting the nCino
Cloud Banking Platform.
As a secure cloud-based solution, the nCino Cloud Banking
Platform will 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.
Integrating with Alba’s 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 to review by Alba’s team of
underwriters, and approval.
Alba was, earlier this year, granted its banking licence by the
UK Prudential Regulatory Authority (PRA) and the FCA, allowing it
to move into mobilisation, during which time it is focused on
building out its team, operations and infrastructure.
With full regulatory approval pending, Alba’s partnership with
nCino will help to ensure that the Bank is technically and
operationally ready to begin lending on day one. Andrew
Lewis, Chief Risk Officer for Alba Bank said: "To build Alba, we
partnered with the very best technology providers in their fields
to offer our customers a first-class banking experience. Partnering
with nCino underlines this approach. nCino’s 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.”
"We’re proud to partner with Alba Bank in their endeavor to
revolutionize SME banking,” said Charlie McIver, Managing Director,
EMEA at nCino. “Our technology is robust and adaptable, designed to
support both emerging banks like Alba, and large established
incumbents seeking to innovate and modernise. We’re excited to be
on this journey with Alba as they scale and work to fulfill their
mission.”
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
1,850 financial services providers globally. For more information,
visit www.ncino.com.
About Alba Bank Limited 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 www.albabank.co.uk
nCino Media ContactsNatalia
Moosepress@ncino.com
Alba Bank Media ContactsHarry
HussainHarry.hussain@framecreates.co.uk07525 903588
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nCino (NASDAQ:NCNO)
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