Capitec Bank Selects nCino to Drive Digital Business

LONDON and STELLENBOSCH, South Africa, May well 10, 2022 (Globe NEWSWIRE) — nCino, Inc. (NASDAQ: NCNO), a pioneer in cloud banking and digital transformation solutions for the world-wide monetary solutions business, right now introduced that Capitec Lender (Capitec JSE: CPI), South Africa’s premier and swiftest-escalating digital bank has partnered with nCino. nCino is aiding with setting up the bank’s Small business Banking mortgage management method, optimising its simplicity and effectiveness in line with Capitec’s mission to assistance shoppers lender improved to dwell greater.

Karl Kumbier, Executive of Capitec Business, says he is pretty enthusiastic that Capitec has picked out nCino as a associate, indicating that “Capitec is a model that is related with tough operate, innovation, and disruption. It is the quickest-escalating bank in the nation and has above 70,000 business banking clients. We are wanting ahead to using our ethos of simplicity even even further, with the inclusion of this technological know-how into our units for a extra seamless working experience for the businesses we provide.”

“We are exceptionally proud to be doing the job with Capitec, an establishment with an remarkable name as South Africa’s largest electronic financial institution,” mentioned Pierre Naudé, CEO at nCino. “With 17 million retail shoppers, Capitec has embraced an agile and progressive approach to advancement. We’re happy Capitec observed a companion in nCino and seem ahead to furnishing the Financial institution with sector-foremost technological know-how and a versatile system that will help drive the sustainability and development of its organization banking operations.”

Thomas Byrne, Head of Product, EMEA at nCino additional, “As we carry on to increase into new nations around the world, we’re establishing further depth and breadth to the nCino platform to clear up the company, technical, and regulatory ache factors that routinely issues money establishments on a international scale. We’re hunting ahead to furnishing Capitec with a scalable platform that permits the bank to enhance shopper and worker experiences by streamlining, digitising and automating sophisticated procedures for a speedier, more effective and transparent knowledge for business house owners.”

About Capitec
Capitec Bank (JSE: CPI), the biggest digital bank in South Africa based on the selection of clients, has received over 18 million lively clients’ believe in. Capitec Bank provides simplified, affordable, and transparent banking with personalised assistance, using relevant innovative technological innovation to drive down prices and improve safety and accessibility. From a electronic point of view, Capitec Bank is South Africa’s biggest digital financial institution with around 10 million electronic consumers.

The Group acquired Mercantile Financial institution, a enterprise financial institution for small and medium enterprises, in 2019 and is committed to constructing a enterprise bank that is disruptive in the marketplace and scalable by way of electronic technological know-how.

About nCino
nCino (NASDAQ: NCNO) is the throughout the world chief in cloud banking. The nCino Financial institution Operating Process^® empowers fiscal establishments with scalable know-how to support them realize earnings expansion, higher effectiveness, expense savings and regulatory compliance. In a digital-initial planet, nCino’s solitary cloud-centered platform improves the personnel and consumer practical experience to permit money establishments to additional effectively onboard consumers, make financial loans and take care of the whole loan daily life cycle, and open up deposit and other accounts throughout traces of business and channels. Reworking how monetary establishments function via innovation, standing and pace, nCino is partnered with additional than 1,750 economical institutions of all kinds and measurements on a worldwide foundation. For a lot more information and facts, visit www.ncino.com.

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