Accenture and nCino, a secure, cloud-based operating technology provider to the financial services industry, have expanded their digital transformation partnership to transform wholesale banking operations of the US banks.
nCino’s Bank Operating System combines various functions onto a single platform to eliminate the need for multiple, disparate software systems, increase productivity and reduce operating costs.
Accenture integrates commercial credit and treasury management expertise with its Salesforce capabilities and experience to implement nCino Bank Operating System.
To support nCino’s product solutions, Accenture has added treasury management origination and onboarding to its services to help financial institutions accelerate digital transformation.
Accenture and nCino have been working together since late 2014 to help US banks digitise their commercial lending operations and improve business performance.
nCino CEO Pierre Naudé said: “The combination of our platform with Accenture’s implementation scale and expertise is enabling financial institutions to provide an efficient, flexible and transparent experience that delights customers.
“We are excited to expand our work with Accenture to enhance and transform commercial banking and treasury management at some of the world’s largest financial institutions.”
Accenture senior managing director and head of the company’s global banking practice Alan McIntyre said: “Commercial lending and treasury management are areas ripe for digital innovation, as lenders’ outdated technology and manual, paper-intensive processes have resulted in long fulfillment cycles, unsatisfied customers, high costs and increased regulatory exposure.
“Our alliance with nCino, through which we are handling several of the company’s largest implementations, enhances our ability to leverage leading cloud solutions to help banks increase efficiency, productivity and strengthen customer relationships.”