NCino’s modern cloud-based platform to ship handy and environment friendly experiences to First Horizon associates and shoppers post-merger
WILMINGTON, NC, March 9, 2021 (GLOBE NEWSWIRE) – nCino, Inc. (NASDAQ: NCNO), a pioneer in cloud banking and digital transformation options for the worldwide monetary providers business, at present introduced the $ 84 billion asset First Horizon Financial institution deploy the NCino Financial institution working system® all through the group, following system integrations with IBERIABANK. First Horizon Financial institution will use nCino’s enterprise and small enterprise mortgage gross sales and integration and money administration options with greater than 2,000 financial institution associates. NCino’s cloud platform will present First Horizon with a sturdy, versatile and extremely configurable resolution throughout the financial institution.
“Constructing on IBERIABANK’s sturdy partnership with nCino over a few years, we’re delighted to broaden our use of nCino as a mixed group,” mentioned Michael Brown, President of Regional Banking, First Horizon Financial institution. “NCino is a significant a part of a broad enterprise transformation geared toward offering an distinctive know-how expertise for our associates, creating extra environment friendly processes and including extra worth to our buyer relationships.”
Based mostly in Memphis, TN, First Horizon Financial institution operates practically 500 places in 12 southeastern states. In July 2020, First Horizon Nationwide Company and IBERIABANK Company accomplished a merger of equals. IBERIABANK beforehand used nCino to business, small enterprise and money administration loans. By selecting to leverage nCino in First Horizon, the financial institution will have the ability to create higher effectivity, higher transparency and improved automation whereas in the end rising resolution velocity and funding velocity for its shoppers. business, treasury and small enterprise.
“As we now have all seen over the previous yr, this can be very vital that we help our individuals with best-in-class cloud options, in order that they’ll serve our prospects from wherever, whether or not both within the workplace, at a department, on the buyer website or at house, ”mentioned Abbie Hardy, senior vice chairman of enterprise transformation at First Horizon Financial institution. “The nCino platform has supplied IBERIABANK with the strategic benefit of driving the success and innovation of its prospects and we’re excited to undertake the nCino platform throughout our mixed group.
“Mergers and acquisitions present monetary establishments with the flexibility to evaluate market developments, assess buyer wants, reply to new enterprise and technical necessities and remodel their present choices. NCino’s banking working system supplies banks and credit score unions with an end-to-end resolution that may help and maintain new enterprise adjustments throughout this course of, ”mentioned Paul Clarkson, senior vice chairman of American monetary establishments at nCino. “We’re excited to proceed working with First Horizon Financial institution to ship a tailor-made expertise that meets the wants of their associates and the evolving expectations of their shoppers.”
nCino (NASDAQ: NCNO) is the worldwide chief in cloud banking. The nCino Financial institution Working System® supplies monetary establishments with scalable know-how to assist them obtain income development, higher effectivity, value financial savings and regulatory compliance. In a digitally pushed world, nCino’s distinctive digital platform improves the worker and buyer expertise to allow monetary establishments to extra successfully onboard new prospects, grant loans, handle total mortgage lifecycle and no credit check ; and open deposit and different accounts throughout all traces of enterprise and channels. . Reworking the best way monetary establishments work via innovation, fame and velocity, nCino works with greater than 1,200 monetary establishments world wide, with belongings starting from $ 30 million to over $ 2 trillion. For extra data go to: www.ncino.com.
About First Horizon
First Horizon Corp. (NYSE: FHN), with $ 84 billion in belongings, is a number one regional monetary providers firm devoted to strengthening the lives of our associates, prospects, shareholders and communities. Based mostly in Memphis, Tennessee, the banking subsidiary First Horizon Financial institution operates practically 500 banking institutions in 12 southeastern states. With over 288 years of mixed monetary expertise, First Horizon Financial institution and IBERIABANK, the Firm and its subsidiaries present business, non-public banking, client, small enterprise, wealth administration and belief, retail brokerage providers. , monetary markets, mounted revenue securities, mortgages and securities. insurance coverage providers. First Horizon is acknowledged as top-of-the-line employers within the nation by Fortune and Forbes magazines and among the many prime 10 US banks. Extra data is out there at www.FirstHorizon.com.
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