UK lender Cambridge & Counties Bank has chosen US fintech nCino as the firm seeks to upgrade its back-office lending infrastructure.
nCino’s Regional Vice President for the UK and Ireland, Jonathan Annis, said the company’s end-to-end cloud platform “will improve the experience for employees, brokers and customers” at Cambridge & Counties Bank.
nCino adds that the bank’s trading brokers and customers will benefit from an “increased level of automation and data analytics”, supporting the bank’s established personal service model.
A range of new digital services will also be available once the implementation is complete, including the ability to sign documents on a mobile device, which will speed up loan repayment. Brokers will also have the option to apply directly and upload documents via an online application portal.
David Holton, director of transformation at Cambridge & Counties Bank, said it was “vital that the evolution of our systems” continues in order to support the bank’s selling point of being a “relationship bank “.
Based in Leicester, Cambridge & Counties Bank specializes in property finance, asset finance, classic car finance and savings accounts for small and medium-sized enterprises (SMEs).