First Horizon Bank Deploys the nCino Bank Operating System® to Streamline Commercial and Small Business Lending and Treasury...
09 March 2021 - 11:30PM
nCino, Inc. (NASDAQ: NCNO), a pioneer in cloud banking and digital
transformation solutions for the global financial services
industry, today announced that $84 billion-asset First Horizon Bank
is deploying the nCino Bank Operating System® across the
organization, following system integrations with IBERIABANK. First
Horizon Bank will be utilizing nCino’s Commercial and Small
Business Lending and Treasury Management Sales and Onboarding
Solutions across more than 2,000 of the bank’s associates. nCino’s
cloud-based platform will provide First Horizon with a robust,
flexible, and highly configurable solution across the bank.
“Based on IBERIABANK’s strong partnership with nCino for many
years, we are excited to expand our use of nCino as a combined
organization,” said Michael Brown, President of Regional Banking at
First Horizon Bank. “nCino is a major part of a broad business
transformation to provide an exceptional technology-enabled
experience for our associates, create more efficient processes, and
add more value to our client relationships.”
Headquartered in Memphis, TN, First Horizon Bank operates nearly
500 locations in 12 states across the Southeast. In July 2020,
First Horizon National Corporation and IBERIABANK Corporation
completed a merger of equals. IBERIABANK previously used nCino for
commercial, small business lending and treasury management. By
choosing to leverage nCino across First Horizon, the bank will be
able to create greater efficiency, transparency and enhanced
automation while ultimately increasing speed to decision and speed
to funding for their commercial, treasury and small business
clients.
“As we’ve all seen in the past year, it’s critically important
that we support our associates with best-in-class, cloud-based
solutions, so that they can serve our clients from anywhere –
whether that be in the office, in a branch, at the client site, or
at home,” stated Abbie Hardy, SVP Business Transformation at First
Horizon Bank. “The nCino platform provided IBERIABANK the strategic
advantage to drive success and innovation for its clients and we
are excited to adopt the nCino platform across our combined
organization.”
“Mergers and acquisitions provide financial institutions the
opportunity to evaluate market trends, assess client needs, address
new business and technical requirements, and transform their
current offerings. nCino's Bank Operating System equips banks and
credit unions with an end-to-end solution that can endure and
support new business shifts during this process,” said Paul
Clarkson, EVP of U.S. Financial Institutions at nCino. “We are
excited to continue our work with First Horizon Bank to deliver a
tailored experience that meets the needs of their associates and
the evolving expectations of 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'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 First HorizonFirst Horizon Corp. (NYSE:
FHN), with $84 billion in assets, is a leading regional financial
services company, dedicated to strengthening the lives of our
associates, clients, shareholders, and communities. Headquartered
in Memphis, TN, the banking subsidiary First Horizon Bank operates
nearly 500 bank locations in 12 states across the Southeast. With
more than 288 years of combined financial experience, First Horizon
Bank and IBERIABANK, the Company and its subsidiaries offer
commercial, private banking, consumer, small business, wealth and
trust management, retail brokerage, capital markets, fixed income,
mortgage, and title insurance services. First Horizon is recognized
as one of the nation's best employers by Fortune and Forbes
magazines and a Top 10 Most Reputable U.S. bank. More information
is available at www.FirstHorizon.com.
MEDIA CONTACTS |
|
Claire Sandstrom, nCino |
Ryan Kelly, nCino |
+1 646.520.0710 |
+1 732.770.5942 |
csandstrom@mww.com |
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. 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.
nCino (NASDAQ:NCNO)
Historical Stock Chart
From Apr 2024 to May 2024
nCino (NASDAQ:NCNO)
Historical Stock Chart
From May 2023 to May 2024