UK property lender Together taps nCino for cloud banking solution
UK property lender Together has partnered with cloud banking specialist nCino as it looks to streamline its lending processes and “future-proof” its business.
Together partners nCino for digital upgrade
Headquartered in Cheadle, UK, Together is poised to implement nCino’s Cloud Banking Platform, which will be deployed across all of the company’s core services, including bridging facilities, commercial loans, development finance, and regulated residential and buy-to-let mortgages.
Founded in 1974, Together, which claims to have a loan book exceeding £6.8 billion, says it takes a “common-sense approach” to property lending, evaluating each application on its “individual merit” rather than relying on automated processes.
Andrea Dalton, chief transformation officer at Together, explains that the company, which currently originates over £200 million in loans monthly, anticipates its new partnership with nCino will enable it to “scale and become more efficient” through “digital consolidation, enhanced risk management, and a more modern customer experience”.
Based in Wilmington, North Carolina, nCino currently serves 1,800 financial enterprises worldwide, offering a Software-as-a-Service (SaaS) cloud banking solution which it claims is capable of optimising the entire loan origination lifecycle.
This year has been an active one for nCino so far. Last month, the firm acquired DocFox, a fintech specialising in commercial bank account opening software. Additionally, the company secured a partnership with Australia’s Summerland Bank back in February, with Summerland intending to leverage nCino’s Cloud Banking Platform across its consumer and business lending operations.
