Hamburg Commercial Bank Selects nCino’s Best-in-Class Technology

Tuesday, 18. May 2021 13:30

WILMINGTON, N.C., LONDON and HAMBURG, Germany, May 18, 2021 (GLOBE NEWSWIRE) -- nCino, Inc. (NASDAQ: NCNO), a pioneer in cloud banking and digital transformation solutions for the global financial services industry, today announced that Hamburg Commercial Bank (HCOB) will deploy the nCino Bank Operating System® as part of its IT modernisation in the course of its digital transformation.

With representation across Germany’s metropolitan regions and in select markets in Europe, HCOB is a Hamburg-based commercial bank and specialty financier, serving commercial clients and financing projects in the real estate and shipping sector, as well as in the renewable energy and infrastructure industry.

By leveraging nCino’s cloud-based Commercial Banking Solution, HCOB will simplify and automate existing financing processes. nCino’s platform will unify fragmented systems and enable the bank to better manage risk and react faster to regulatory changes. For its clients, HCOB will offer enhanced digital options, increased transparency and faster credit decision times with the deployment of nCino.

“We are excited to be in business with Pierre Naudé, Josh Glover and the entire nCino team. We followed nCino’s growth and success prior to its decision to go public last year and after a comprehensive due diligence, decided to collaborate with the team. We feel nCino’s product suite will significantly contribute to the data and IT transformation we are undergoing here at HCOB,” said Ian Banwell, Chief Financial Officer at Hamburg Commercial Bank.

“nCino is a proven leader in digital banking solutions globally, and we are delighted about collaborating on this strategic initiative. We are convinced this innovative move will benefit our client interaction, as it drives operational efficiency as well as our data and digital capabilities,” added Christopher Brody, HCOB’s Chief Investment Officer and responsible for the sales activities of the bank.

“We are incredibly pleased to be working with the team at Hamburg Commercial Bank to help accelerate its cloud adoption and digital strategy,” said nCino Chief Executive Officer Pierre Naudé. “As we continue to enhance the breadth and depth of the nCino platform and expand internationally, we greatly value HCOB’s confidence and partnership as our first customer in Germany and look forward to being a part of its digital transformation journey.”

nCino’s Commercial Banking Solution was selected as the leading commercial loan origination system by Aite Group in the global analyst firm’s most recent vendor evaluation, which also named nCino the winner of “The World Traveler Award” for the company’s global expansion and geographically diversified installed base.

“We are incredibly proud to be working with the successful specialty financier Hamburg Commercial Bank,” said Jens Treskatis, Area Vice President at nCino Germany. “By offering an agile and flexible cloud-based platform that meets the demands of a highly regulated market, nCino is well positioned to support financial institutions in Germany. We are very excited to provide HCOB with a scalable, digital solution to connect the bank with its clients and third parties on a single platform, to bring new levels of collaboration to the institution.”

Accenture will provide project management, design, development and testing to support HCOB’s implementation of the nCino platform.

About nCino
nCino (NASDAQ: NCNO) is the worldwide leader in cloud banking. The nCino Bank Operating System® empowers financial institutions with scalable technology to help them achieve revenue growth, greater efficiency, cost savings and regulatory compliance. In a digital-first world, nCino's single digital platform enhances the employee and client experience to enable financial institutions to more effectively onboard new clients, make loans and manage the entire loan life cycle, and open deposit and other accounts across lines of business and channels. Transforming how financial institutions operate through innovation, reputation and speed, nCino works with more than 1,200 financial institutions globally, whose assets range in size from $30 million to more than $2 trillion. For more information, visit: www.ncino.com.

About HCOB
Hamburg Commercial Bank AG (HCOB) is a private commercial bank and specialist financier headquartered in Hamburg. HCOB offers its clients a high level of structuring expertise in real estate financing with a focus on Germany and has a strong market position in international shipping. The bank is one of the pioneers in the pan-European market for project financing of renewable energies and is also involved in the expansion of digital infrastructure. HCOB offers individual solutions for international corporate clients and specialty lending as well as a focused corporate business in Germany. Digital products for timely domestic and international payments as well as other trade finance solutions also support the needs of the bank's customers. HCOB is increasingly aligning its activities with established ESG criteria and has anchored sustainability aspects in its business model. For further information, please visit: www.hcob-bank.com.

nCino
Julia Simmer
julia.simmer@simmer-communications.com
T: +49 (0)162 2794322

Hamburg Commercial Bank
Katrin Steinbacher
Head of press
Phone +49 40 3333 111 30
Katrin.steinbacher@hcob-bank.com

This press release contains forward-looking statements within the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements generally include actions, events, results, strategies and expectations and are often identifiable by use of the words “believes,” “expects,” “intends,” “anticipates,” “plans,” “seeks,” “estimates,” “projects,” “may,” “will,” “could,” “might,” or “continues” or similar expressions. Any forward-looking statements contained in this press release are based upon nCino’s historical performance and its current plans, estimates, and expectations, and are not a representation that such plans, estimates, or expectations will be achieved. These forward-looking statements represent nCino’s expectations as of the date of this press release. Subsequent events may cause these expectations to change and, except as may be required by law, nCino does not undertake any obligation to update or revise these forward-looking statements. These forward-looking statements are subject to known and unknown risks and uncertainties that may cause actual results to differ materially including, among others, risks and uncertainties relating to the market adoption of our solution, competition, international expansion, and privacy and data security matters. Additional risks and uncertainties that could affect nCino’s business and financial results are included in reports filed by nCino with the U.S. Securities and Exchange Commission (available on our web site at www.ncino.com or the SEC's web site at www.sec.gov). Further information on potential risks that could affect actual results will be included in other filings nCino makes with the SEC from time to time.


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