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WKN: A3DC14 | ISIN: US63947X1019 | Ticker-Symbol: 6NCA
Tradegate
23.12.24
13:55 Uhr
33,800 Euro
-0,200
-0,59 %
Branche
Software
Aktienmarkt
Sonstige
1-Jahres-Chart
NCINO INC Chart 1 Jahr
5-Tage-Chart
NCINO INC 5-Tage-Chart
RealtimeGeldBriefZeit
33,60034,60023.12.
33,80034,00023.12.
GlobeNewswire (Europe)
420 Leser
Artikel bewerten:
(2)

nCino, Inc.: Mechanics & Farmers Bank Using nCino's Cloud Banking Platform to Effectively Deliver on its Mission to Empower Diverse Communities

Finanznachrichten News

North Carolina-based community bank implements nCino solutions to meet demands for accessible capital and serve customers more efficiently

Wilmington, N.C., Feb. 06, 2024. The technology upgrade is helping M&F process loans more quickly and creating increased convenience and connectivity for the underserved markets it intentionally serves.

For 116 years, M&F Bank has been focused on a critical mission; providing access to capital to diverse communities. As a Community Development Financial Institutionand Automated SpreadingSolutions, M&F can more quickly complete the loan process, while driving a better experience for its customers and associates via a cloud-based and mobile enabled single platform.

"Our pursuit at M&F is to reduce the wealth gap by providing access to capital that helps our customers achieve their goals," said James Sills, President, CEO and Board Member at M&F Bank. "We're excited to be using nCino, one of the best platforms in the industry, to foster this mission and empower our associates to meet the needs of our customers with excellence. The partnership between M&F and nCino has been terrific, and we look forward to continuing working together to execute on our strategic plan."

"Working with nCino has been more than implementing software," added Valerie Scruggs, SVP/CTO on loan from one of M&F's big bank partners. "nCino worked with us from the beginning, ensuring our people were prepared for the transformation and had all the resources and information they needed to succeed with these new tools. True transformation takes a partnership, and that's exactly what we have with the team at nCino."

"The partnership we have with M&F Bank is foundational to the transformation the Bank is driving within their operations," said Will Cameron, SVP of U.S. Financial Institutions at nCino. "We are proud to provide M&F with the technology platform they need to provide faster and easier access to capital for the communities they serve while strengthening its own performance and becoming more efficient."

About nCino
nCino.

About M&F Bank
Founded in 1907 in North Carolina, M&F Bank is the second-oldest African American owned bank in the United States. With $446 million in total assets, M&F Bank is the eighth-largest African American owned financial institution in the United States and is the only Community Development Financial Institution

Safe Harbor Statement
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 Commissionor 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.


© 2024 GlobeNewswire (Europe)
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