TD Bank has decided to adopt nCino’s Bank Operating System as a part of its digital transformation process.
The new system will be deployed across TD Bank’s corporate and commercial lending divisions throughout this year.
The first batch of TD Bank users, falling within the TD Equipment Finance business, is already live on the nCino Bank Operating System.
Following the completion of the deployment process, the TD customers are expected to receive faster decisions to their loan requests.
Furthermore, the usage will lead to better collaboration between TD Bank’s sales, underwriting and credit risk management teams as well as they are expected to receive better insights about the bank’s commercial lending portfolio.
TD Equipment Finance president Anthony Sasso said: “As the bank continues to deliver on its vision to transform commercial lending, it’s essential that we have the best tools and technology to help our customers achieve their financial objectives.
“nCino is bringing that vision and experience to life for TD employees. With the platform, we have easier collaboration between teams and better productivity to improve our service and turnaround times for our customers.”
nCino CEO Pierre Naudé said: “It’s great to see employees at TD Bank already experiencing many of the benefits of the nCino Bank Operating System – from greater efficiency to increased productivity to an elevated customer experience.”
TD Bank offers full range of retail, small business and commercial banking products and services to more than 9 million customers across the US.