Ashman selects nCino to power its real estate lending solution
UK challenger Ashman Bank has selected nCino’s cloud-based Bank Operating System to power its property finance solution.
Ashman partners nCino
Based in Birmingham and founded by real-estate entrepreneurs Ashkin Mittal and Manhad Narula, Ashman is aiming to provide real estate lending for small and medium-sized enterprises (SMEs) along with simple savings solutions.
The start-up received an authorised with restrictions (AwR) UK banking licence earlier this year and plans to launch in early 2023.
Built to “transform the banking experience for UK property SMEs”, the firm plans to offer products and services to help businesses develop sustainable properties and practices and “make it easier for SMEs to access the right financing for their needs”. The firm will lend on deals from £100,000 to £5 million.
nCino says its technology will enable Ashman to provide “fast decision-making and flexible credit offerings” to customers.
Charlie McIver, managing director, EMEA at nCino, adds the company will look to help Ashman “execute, grow and adapt as the bank expands”.
In May this year, nCino was selected by South Africa’s Capitec Bank to build out its business banking loan management system. The US firm says it’s currently partnered with more than 1,750 financial institutions globally.
