NEW YORK and WILMINGTON, N.C.; Oct.25, 2017 – Accenture (NYSE: ACN) and cloud-banking leader nCino are teaming to help banks transform their wholesale banking operations by increasing efficiency, driving profitability and reducing risk and compliance burdens.
Accenture Ventures has made a minority investment in nCino, and as a preferred systems integration partner, Accenture has been working with nCino since late 2014 to help large U.S. banks digitize their commercial lending operations and improve business performance. nCino and Accenture have already collaborated on several successful wide-scale customer projects, including deploying nCino’s Bank Operating System to team members at SunTrust Banks, Inc. Accenture has now added treasury management origination and onboarding to its services to align with nCino’s product solutions and help even more financial institutions accelerate their digital transformation.
“The combination of our platform with Accenture’s implementation scale and expertise is enabling financial institutions to provide an efficient, flexible and transparent experience that delights customers,” said Pierre Naudé, CEO of nCino. “We are excited to expand our work with Accenture to enhance and transform commercial banking and treasury management at some of the world’s largest financial institutions.”
nCino’s Bank Operating System is a robust and secure leading solution built on the Salesforce Platform. By combining multiple functions – including customer relationship management, loan origination, deposit account opening, workflow, enterprise content management, digital engagement and real-time reporting – into a single platform, the nCino Bank Operating System eliminates the need for multiple, disparate software systems, increasing productivity and reducing ongoing operating costs.
To implement the nCino Bank Operating System, Accenture combines its extensive commercial credit and treasury management expertise with its Salesforce capabilities and experience. Accenture has one of the world’s largest Salesforce practice, with 40 percent more certified professionals than any other systems integrator, and has completed more than 1,400 Salesforce projects.
“Commercial lending and treasury management are areas ripe for digital innovation, as lenders’ outdated technology and manual, paper-intensive processes have resulted in long fulfillment cycles, unsatisfied customers, high costs and increased regulatory exposure,” said Alan McIntyre, an Accenture senior managing director and head of the company’s global Banking practice. “Our alliance with nCino, through which we are handling several of the company’s largest implementations, enhances our ability to leverage leading cloud solutions to help banks increase efficiency, productivity and strengthen customer relationships.”
Accenture is a leading global professional services company, providing a broad range of services and solutions in strategy, consulting, digital, technology and operations. Combining unmatched experience and specialized skills across more than 40 industries and all business functions – underpinned by the world’s largest delivery network – Accenture works at the intersection of business and technology to help clients improve their performance and create sustainable value for their stakeholders. With approximately 425,000 people serving clients in more than 120 countries, Accenture drives innovation to improve the way the world works and lives. Visit us at www.accenture.com.
Accenture Ventures accelerates the adoption of early stage enterprise technology innovations. It identifies the most promising sources of innovation in the market, working with start-ups, entrepreneurs, investors, academic R&D, and corporate R&D groups around the world. Accenture Ventures develops alliances and partnerships to more quickly scale innovation. It also participates as a strategic investor where appropriate – always aligned with the objective to deliver the most innovative solutions to our clients.
nCino is the worldwide leader in cloud banking. With its Bank Operating System, built on the Salesforce platform, financial institutions can deliver the speed and digital experience that customers expect, backed by the quality and transparency that bankers need. Follow @nCino or visit www.ncino.com.