UK’s OneSavings Bank partners nCino to streamline lending operations
Kent-based OneSavings Bank has partnered up with nCino to utilise its cloud banking platform to streamline its banking processes, particularly in underwriting and loan origination.
OneSavings Bank partners nCino for cloud platform
Part of the OSB Group, OneSavings Bank is a specialist mortgage lender which focuses on buy to let, residential (including help to buy and shared ownership), complex commercial and semi-commercial, development finance, bridging and asset finance.
The bank says that the UK’s mortgage industry is facing a number of challenges including “evolving customer demands and rapid changes in regulation”, coupled with outdated IT systems that “hinder their ability to adapt quickly when faced with shifting economic conditions or changing interest rates”.
With its latest technology partnership, the bank aims to change that by increasing efficiency in its lending processes, and gain the flexibility needed to monitor economic conditions and evolve accordingly, without letting it affect the customer experience.
“By leveraging the power of a single platform, nCino can help mortgage providers, borrowers, and brokers alike to benefit from enhanced efficiency and transparency throughout the entire lending process,” explains Thomas Chaplin, head of mortgage product EMEA at nCino.
