{"id":42063,"date":"2022-05-10T07:33:47","date_gmt":"2022-05-10T07:33:47","guid":{"rendered":"https:\/\/pr.asianetpakistan.com\/?p=91471"},"modified":"2022-05-10T07:33:47","modified_gmt":"2022-05-10T07:33:47","slug":"capitec-bank-selects-ncino-to-drive-digital-business-banking-innovation","status":"publish","type":"post","link":"https:\/\/southafricajournal.com\/capitec-bank-selects-ncino-to-drive-digital-business-banking-innovation\/","title":{"rendered":"Capitec Bank Selects nCino to Drive Digital Business Banking Innovation"},"content":{"rendered":"
\n

South African bank\u2019s adoption of nCino expands the company\u2019s reach to five continents<\/h4>\n

LONDON and STELLENBOSCH, South Africa, May 10, 2022 (GLOBE NEWSWIRE) — nCino, Inc.<\/a> (NASDAQ: NCNO), a pioneer in cloud banking and digital transformation solutions for the global financial services industry, today announced that Capitec Bank<\/a> (Capitec; JSE: CPI), South Africa\u2019s largest and fastest-growing digital bank has partnered with nCino. nCino is assisting with building the bank\u2019s Business Banking loan management system, optimising its simplicity and efficiency in line with Capitec\u2019s mission to help clients bank better to live better.<\/p>\n

Karl Kumbier, Executive of Capitec Business, says he is very excited that Capitec has chosen nCino as a partner, saying that \u201cCapitec is a brand that is associated with hard work, innovation, and disruption. It is the fastest-growing bank in the country and has over 70,000 business banking clients. We are looking forward to taking our ethos of simplicity even further, with the inclusion of this technology into our systems for a more seamless experience for the businesses we serve.\u201d<\/p>\n

\u201cWe are extremely proud to be working with Capitec, an institution with an incredible reputation as South Africa\u2019s largest digital bank,\u201d said Pierre Naud\u00e9, CEO at nCino. \u201cWith 17 million retail clients, Capitec has embraced an agile and innovative approach to growth. We\u2019re glad Capitec saw a partner in nCino and look forward to providing the Bank with industry-leading technology and a flexible platform that will help drive the sustainability and growth of its business banking operations.\u201d<\/p>\n

Thomas Byrne, Head of Product, EMEA at nCino added, \u201cAs we continue to expand into new countries, we\u2019re developing additional depth and breadth to the nCino platform to solve the business, technical, and regulatory pain points that regularly trouble financial institutions on a global scale. We\u2019re looking forward to providing Capitec with a scalable platform that enables the bank to improve client and employee experiences by streamlining, digitising and automating complex processes for a faster, more efficient and transparent experience for business owners.\u201d<\/p>\n

About Capitec<\/strong>
\nCapitec\u202fBank<\/a> (JSE: CPI), the\u00a0biggest digital\u00a0bank in South Africa based on the number of clients, has gained over 18 million active clients\u2019 trust.\u202fCapitec\u202fBank offers simplified, affordable, and transparent banking with personalised service, using\u00a0relevant\u00a0innovative technology to drive down costs and increase security and accessibility. From a digital perspective,\u202fCapitec\u202fBank is South Africa\u2019s largest digital bank with over 10 million digital clients.<\/p>\n

The Group acquired Mercantile Bank, a business bank for small and medium enterprises, in 2019 and is committed to building a business bank that is disruptive in the market and scalable through digital technology.<\/p>\n

About nCino<\/strong>
\nnCino (NASDAQ: NCNO) is the worldwide leader in cloud banking. The nCino Bank Operating System\u00ae<\/sup>\u00a0empowers financial institutions with scalable technology to help them achieve revenue growth, greater efficiency, cost savings and regulatory compliance. In a digital-first world, nCino’s single cloud-based platform enhances the employee and client experience to enable financial institutions to more effectively onboard clients, make loans and manage the entire loan life cycle, and open deposit and other accounts across lines of business and channels. Transforming how financial institutions operate through innovation, reputation and speed, nCino is partnered with more than 1,750 financial institutions of all types and sizes on a global basis. For more information, visit\u00a0www.ncino.com<\/a>.<\/p>\n\n\n\n\n\n\n
MEDIA CONTACTS<\/strong><\/td>\n<\/td>\n<\/td>\n<\/tr>\n
Jasmin Athwal, nCino<\/td>\n<\/td>\nNatalia Moose, nCino<\/td>\n<\/tr>\n
+44 7881 374552<\/td>\n<\/td>\n+44 7825 211135<\/td>\n<\/tr>\n
jathwal@mww.com<\/a><\/td>\n<\/td>\nnatalia.moose@ncino.com<\/a><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

This press release contains forward-looking statements within the safe harbour 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 use of the words \u201cbelieves,\u201d \u201cexpects,\u201d \u201cintends,\u201d \u201canticipates,\u201d \u201cplans,\u201d \u201cseeks,\u201d \u201cestimates,\u201d \u201cprojects,\u201d \u201cmay,\u201d \u201cwill,\u201d \u201ccould,\u201d \u201cmight,\u201d or \u201ccontinues\u201d or similar expressions. Any forward-looking statements contained in this press release are based upon nCino\u2019s historical performance and its current plans, estimates, and expectations, and are not a representation that such plans, estimates, or expectations will be achieved. These forward-looking statements represent nCino\u2019s expectations as of the date of this press release. Subsequent events may cause these expectations to change and, except as may be required by law, nCino does not undertake any 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 others, risks and uncertainties relating to the market adoption of our solution, competition, international expansion, and privacy and data security matters. Additional risks and uncertainties that could affect nCino\u2019s business and financial results are included in reports filed by nCino with the U.S. Securities and Exchange Commission (available on our website at www.ncino.com<\/a> or the SEC’s website at www.sec.gov<\/a>). Further information on potential risks that could affect actual results will be included in other filings nCino makes with the SEC from time to time.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

South African bank\u2019s adoption of nCino expands the company\u2019s reach to five continents LONDON and STELLENBOSCH, South Africa, May 10, 2022 (GLOBE NEWSWIRE) \u2014 nCino, Inc. (NASDAQ: NCNO), a pioneer in cloud banking and digital transformation solutions for the global financial services industry, today announced that Capitec Bank (Capitec; JSE: CPI), South Africa\u2019s largest and [\u2026]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[31],"tags":[],"yoast_head":"\nCapitec Bank Selects nCino to Drive Digital Business Banking Innovation - South Africa Journal<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/southafricajournal.com\/capitec-bank-selects-ncino-to-drive-digital-business-banking-innovation\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Capitec Bank Selects nCino to Drive Digital Business Banking Innovation - South Africa Journal\" \/>\n<meta property=\"og:description\" content=\"South African bank\u2019s adoption of nCino expands the company\u2019s reach to five continents LONDON and STELLENBOSCH, South Africa, May 10, 2022 (GLOBE NEWSWIRE) \u2014 nCino, Inc. 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