Having already established a partnership to assist with Covid-19 challenges, cloud banking company nCino and alternative mid-sized business lender ThinCats are now expanding their collaboration further.
The more intimate relationship will see ThinCats use the nCino Bank Operating System across its wider SME lending processes.
This will enable the lender to tap into nCino’s Coronavirus Business Interruption Loan Scheme (CBILS) workflow this summer.
By implementing additional features and functionalities of nCino’s cloud-based technology, all of ThinCats’ SME clients will now have an enhanced digital lending experience, not just those applying for CBILS loans.
Through the next phase of implementation, ThinCats will utilise nCino to manage and improve the time-consuming process of collating documents through nCino’s Document Management, Collateral Management and Covenant features.
“After carefully considering other solutions available in the Salesforce ecosystem, we are delighted to be working with nCino for a wider rollout of the nCino Bank Operating System across our operations,” said Steve O’Neill, CTO at ThinCats. “We pride ourselves on delivering a personal, local and flexible service to businesses and their advisers through our regional network.
“Our partnership with nCino means that we can spend more time shaping the right funding solution for our clients and less time on manual administration. nCino’s technology is tried and tested in the business lending sector and we look forward to maintaining a long-term partnership.”
Edward Lane, VP sales at nCino EMEA, added, “The power of technology and cloud operations has been put under a spotlight during the pandemic. Through our CBILS partnership, nCino enabled ThinCats to provide its clients with loan decisions and funding quickly and across any digital channel.
“We’re pleased that this evolution of our relationship will provide ThinCats the opportunity to realise even more benefits for its staff and clients and are excited to be working with them in this additional capacity.”
nCino went public this summer, with the price for its shares skyrocketing in the first day of trading.
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