nCino’s Commercial Pricing and Profitability Adds Value to Huntingdon Valley Bank
16 March 2022 - 10:30PM
nCino, Inc. (NASDAQ: NCNO), a pioneer in cloud banking
and digital transformation solutions for the global financial
services industry, today announced that Huntingdon Valley Bank
(HVB) is live on nCino’s Commercial Pricing and Profitability on
the nCino Bank Operating System®. The Pennsylvania-based bank’s
previous labor-intensive, offline profitability model was unable to
provide accessible data for real-time, optimized profitability
models, limiting transparency and the speed to execute. Powered by
nCino IQ (nIQ), nCino’s Commercial Pricing and Profitability
solution provides increased efficiency, transparency and real-time
data insights for the institution’s business banking and commercial
lending divisions.
“Previously, we were using manual-processes – like much of the
banking industry – to understand loan pricing and profitability
models, which is a completely outdated approach. We believed adding
an automated model that leveraged artificial intelligence would
better position our institution to grow and scale for the future,”
said Hugh Connelly, EVP & Chief Lending Officer at Huntingdon
Valley Bank. “Implementing nCino’s Commercial Pricing and
Profitability has been one of the very best projects I’ve worked on
at HVB. Along with nCino’s Commercial and Small Business solutions,
these industry-leading features will streamline our employees’ work
and our clients’ financial lives.”
HVB is now one of many customers to be live on nCino’s
Commercial Pricing and Profitability on-platform solution, which
will enable smarter pricing decisions for these institutions
throughout the entire commercial deal lifecycle, maximizing
profitability based on policies and financial targets
individualized to each institution. Disconnected systems and
processes have created many inefficiencies in the past, limiting
awareness into which loans were profitable for any institutions.
nCino’s single platform solved for these issues, providing
relationship managers and lenders a connected interface to price
with confidence and capitalize on business development
opportunities with optimized pricing and real-time insights.
Video: nCino helps FIs maximize profitability
based on policies and financial targets.
“Providing financial institutions with solutions that can
connect data and intelligence seamlessly to align strategy with
execution is essential to transforming our customers’ ability to
provide a premier experience for their clients. HVB has embraced
our single platform infrastructure for quite some time, and this is
just the next step on their digital transformation journey,” said
Will Cameron, Senior Vice President of Community and Regional
Banking at nCino. “We’re excited for our continued partnership with
HVB and providing them a single platform that can capture deeper
customer insights to provide better decisions for their
clients.”
About nCinonCino (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 enhances the
employee and client experience to enable financial institutions to
more effectively onboard 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 is
partnered with more than 1,500 financial institutions of all types
and sizes on a global basis. For more information, visit:
www.ncino.com.
About HV Bancorp, Inc.HV Bancorp, Inc. (Nasdaq
Capital Market: HVBC) is a bank holding company headquartered in
Doylestown, PA. Through its wholly owned subsidiary Huntingdon
Valley Bank, we primarily serve communities located in Montgomery,
Bucks and Philadelphia Counties in Pennsylvania, New Castle County
in Delaware, and Burlington County in New Jersey from our executive
office, seven full service bank offices and one limited service
bank office. We also operate six loan production and sales offices
in our geographical footprint.
MEDIA CONTACTSSutton Resler, nCino +1
571.236.4966 sresler@mww.com
Ryan Kelly +1 732.770.5942 ryan.kelly@ncino.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
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.
HV Bancorp (NASDAQ:HVBC)
Historical Stock Chart
From Jun 2024 to Jul 2024
HV Bancorp (NASDAQ:HVBC)
Historical Stock Chart
From Jul 2023 to Jul 2024