Avenue Bank reinvents SME banking with nCino

nCino, Inc.

Australia’s New Digital Merchant Bank Redefines the Banking Experience to Improve Offerings for Small and Medium Businesses

SYDNEY, Australia, Sept. 26, 2022 (GLOBE NEWSWIRE) — nCino, Inc.. (NASDAQ: NCNO), a pioneer in cloud banking and digital transformation solutions for the global financial services industry, today announced that Avenue Bank, an Australian digital merchant banking startup specializing in to small and medium-sized enterprises, is online on the nCino Bank Operating System®. Avenue Bank deployed nCino’s commercial banking solution to support customer onboarding, origination, credit risk management and 360° customer view, providing their employees with key insights and automation necessary to provide a faster response and a seamless experience for their customers.

“nCino integrated its high-quality solution into our entirely new digital strategy in just over 4 months. With their guidance, we have been able to design products and implement cutting-edge technology to meet our needs and the needs of our target customers,” said George Confos, CEO and Executive Director. “As a cloud-based company focused on digital products like nCino, our values ​​and mission make this partnership a win-win not only for our customers, but also for our employees. The nCino team was very committed throughout the project, which allowed our team to be convinced that the success of Avenue Bank was its top priority.

Small and medium-sized enterprises (SMEs) are a fundamental part of the global economy. nCino’s platform supports both the financial institution and the customer from the start, to deliver an efficient end-to-end banking relationship, improving customer relationships and increasing loan profitability and response time. nCino’s unique platform helps drive Avenue Bank’s digital strategy which focuses on making timely, quality decisions and operating in a high-tech, low-contact environment.

“Industry-wide, financial institutions can add significant value by adopting digital technologies like nCino to deliver faster insights to customers, react faster to new market trends, and scale efficiently to stay ahead of the game. ahead of the competition,” said Mark Bernhardi, Australia’s managing director. and New Zealand at nCino. “It is always an exciting opportunity to partner with another entrepreneurial and progressive organization such as Avenue Bank and come up with new and innovative ways to better serve their customers. Avenue is on a mission to exceed corporate banking standards in the Australian market, and nCino’s platform helps achieve this goal.

About nCino
nCino (NASDAQ: NCNO) is the global leader in cloud banking. The nCino Bank operating system® provides financial institutions with scalable technology to help them increase revenue, increase efficiency, reduce costs and comply with regulations. In a digital world, nCino’s unique cloud-based platform enhances the employee and customer experience to enable financial institutions to more efficiently onboard customers, issue loans and manage the entire loan lifecycle, and open depository and other accounts across all lines of business and channels. Transforming the way financial institutions work through innovation, reputation and speed, nCino partners with more than 1,750 financial institutions of all types and sizes globally. For more information, visit www.ncino.com.

About Avenue Bank
Avenue Bank is a digital commercial bank, designed for small and medium Australian businesses in the 21st century. Our mission is to put money in the hands of businesses. We intend to recreate the whole experience of what it means to be a merchant bank. Small businesses want banking solutions that meet their needs, so we’ve developed smarter digital products to free up money, so Australian businesses can do more with their money. Australian businesses are our sole focus and we are committed to doing things differently to help all of our small business customers. Avenue Bank: Business banking done differently. To find out more, visit www.avenuebank.com.au.

Media Contacts
North America
ryan kelly
+1 732.770.5942
[email protected]

Catalina Garcia, nCino
+61 418 215 423
[email protected]

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 the use of the words “believes,” “expects,” “intends,” “anticipates,” “plans,” “seeks,” “estimates,” “projects,” “may,” ” will”, “could”, “might” or “continue” or similar expressions. All forward-looking statements contained in this press release are based on nCino’s historical performance and its current plans, estimates and expectations, and do not constitute representation that such plans, estimates or expectations will be achieved. These forward-looking statements represent nCino’s expectations as of the date of this press release. Subsequent events may change these expectations and, except where If required by law, nCino undertakes no 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 other things, risks and uncertainties relating to market adoption of our solution and privacy issues. and data security. Additional risks and uncertainties that could affect nCino’s business and financial results are included in nCino’s filings with the United States Securities and Exchange Commission (available on our website at www.ncino.com or on the SEC’s website at www.sec.gov). Further information about potential risks that could affect actual results will be included in other filings by nCino with the SEC from time to time.

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