UK bank Secure Trust selects nCino for digital lending ops
Secure Trust Bank (STB), a UK-based commercial and retail bank with £1.9 billion ($2.5 billion) in assets, will use the nCino Bank Operating System to digitise operations and for its real estate finance (REF) business, reports David Penn at Finovate.
STB’s business has developed a $763 million (£581 million) loan book in the four years since it was launched.
“It was important to us that our operating platform provider was able to demonstrate both a depth and breadth of banking knowledge and offer solutions for real industry issues, not just technological ones,” STB’s REF head of operations, Stephen Marrow, says. He credited nCino for living up to its “built by bankers, for bankers” mantra.
Built on the Salesforce platform, nCino’s Bank Operating System features customer relationship management (CRM), loan origination, deposit account opening, workflow, enterprise content management, business process management (BPM), digital engagement, and instant reporting in a single cloud-based environment.
This is nCino’s third known customer in the UK, following the deals with Yorkshire Building Society and OakNorth.
North Carolina-based nCino has had a busy 2018 – signing Santander US, TD Bank and Banesco USA for its Bank Operating System, and teaming up with Tech Qualled to help veterans land jobs in fintech.
The company began the year picking up an investment from Salesforce Ventures that took its total funding beyond $81 million. Pierre Naudé is CEO.
