nCino and Shawbrook forge partnership to transform loan origination and portfolio management

nCino, Inc. (NASDAQ: NCNO), renowned for its cloud banking innovations, has secured a transformative partnership with Shawbrook, a leading UK-based specialist bank. This collaboration aims to overhaul Shawbrook’s loan origination processes and expand its portfolio management capabilities using nCino’s advanced cloud-based platform. The strategic alliance is set to enhance Shawbrook’s operational efficiency, enabling it to focus more on delivering impactful services to the SME market.

Shawbrook has chosen nCino to streamline its operations, driven by the need to accelerate its response to market demands amidst significant growth. Instead of developing an in-house solution, Shawbrook opted for nCino’s ready-to-deploy platform, anticipating a more agile and flexible technology stack. This decision reflects Shawbrook’s commitment to adopting cutting-edge solutions that bolster its competitive edge in the financial services sector.

nCino’s platform promises to unify various processes into a seamless, end-to-end experience. This consolidation is expected to mitigate data inconsistency risks while offering greater adaptability as Shawbrook evolves its IT infrastructure. One notable feature of the nCino platform is the Automated Spreading Solution, powered by nIQ, nCino’s artificial intelligence, machine learning, and analytics tool. This solution aims to expedite financial data processing and enhance credit decision-making through automated insights.

Russ Thornton, Shawbrook’s Chief Technology Officer, highlighted the strategic advantage of integrating nCino’s technology, stating that the partnership combines expert human insights with top-tier technology. This synergy is anticipated to improve the overall experience for SME customers and streamline internal processes through advanced automation and user-friendly interfaces.

Neil Rudge, Shawbrook’s Chief Banking Officer, Commercial, echoed this sentiment, noting that nCino’s software will support the bank’s expansion into new markets and enhance the quality of client service. The integration of nCino’s solutions is expected to solidify Shawbrook’s reputation for delivering innovative banking services and supporting a growing client base.

Charlie McIver, Managing Director of EMEA at nCino, expressed enthusiasm about the partnership, praising Shawbrook’s forward-thinking approach to banking. He emphasised that nCino is excited to assist Shawbrook in meeting the evolving needs of its clients and reinforcing its position as a leader in the industry.