BOK Financial transforms its commercial offers thanks to the nCino platform

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WILMINGTON, NC, June 01, 2022 (GLOBE NEWSWIRE) — nCino, Inc. (NASDAQ: NCNO), a pioneer in cloud banking and digital transformation solutions for the global financial services industry, today announced that BOK Financial is online on the nCino Banking Operating System®, deploying nCino’s commercial banking solution. This addition of nCino will benefit the corporate bank with approximately $50 billion in assets, improving speed and convenience, and enabling its commercial banking business to further grow its relationships in the digital age.

“The nCino Commercial Banking solution is the cornerstone of our commercial division’s future operating model. Its functionality will be used throughout our credit origination and credit management lifecycle across our front, middle and back offices,” said Scott Andrews, COO of BOK Financial’s Commercial Division. “We are already seeing the benefits of both operational efficiencies for our teams and much greater access to data that will help us make smarter, faster credit decisions through vastly improved reporting.” We had great partners both at nCino and Deloitte to help us bring this initiative to fruition. »

nCino’s single cloud-based platform has replaced many disparate systems within BOKF, creating a digital solution that streamlines its lending process from loan origination to underwriting and portfolio management. Working with the BOKF and nCino teams, Deloitte delivered the nCino platform on time and within budget, providing project management, design, development and testing to ensure efficient implementation of BOKF.

“This project was a success in part because of the commitment shown by all three teams,” added Jon Guerena, Managing Director, Deloitte Consulting LLP. “BOKF’s drive to scale its operations and streamline its business activities with nCino’s cloud-based platform will help it deliver the enhanced and personalized experience it has been looking for. We look forward to our continued work with BOKF and nCino, and are excited to see the impact this implementation has had on their customers and employees.

“We are very proud to provide BOKF with a platform that allows them to build stronger relationships with their customers. Consumers expect a high level of personalized service in their institutions, and the implementation of the nCino platform is just another step in this journey, where bankers now have a 360 degree view of the entire banking relationship with the customer,” said nCino’s senior vice president. Corporate Bank, John Moonshower. “We are proud of everything we have achieved together so far and look forward to continuing a strong relationship.”

About nCino
nCino (NASDAQ: NCNO) is the global leader in cloud banking. The nCino Bank operating system® provides financial institutions with scalable technology to help them increase revenue, increase efficiency, reduce costs and comply with regulations. In a digital world, nCino’s unique cloud-based platform enhances the employee and customer experience to enable financial institutions to more efficiently onboard customers, issue loans and manage the entire loan lifecycle, and open depository and other accounts across all lines of business and channels. Transforming the way financial institutions work through innovation, reputation and speed, nCino partners with more than 1,750 financial institutions of all types and sizes globally. For more information, visit http://www.ncino.com.

About BOK Financial Corporation
BOK Financial Corporation is a $47 billion+ regional financial services company headquartered in Tulsa, Okla. with over $101 billion in assets under management and administration. The company’s shares are listed on NASDAQ under the Global Select (BOKF) market listings. BOK Financial Corporation holdings include BOKF, NA; BOK Financial Securities, Inc.; BOK Financial Private Wealth; and BOK Financial Insurance, Inc. BOKF, NA operates TransFund, Cavanal Hill Investment Management, and BOK Financial Asset Management, Inc. BOKF, NA operates banking divisions in eight states: Bank of Albuquerque, Bank of Oklahoma, Bank of Texas, and BOK Financial (in Arizona, Arkansas, Colorado, Kansas and Missouri); as well as limited-use offices in Nebraska, Milwaukee and Connecticut. Through its subsidiaries, BOK Financial Corporation provides commercial and consumer banking, brokerage, investment, trust and insurance, origination and management of mortgage loans and an electronic transfer network of funds. For more information, visit www.bokf.com.

About Deloitte
Deloitte provides audit and assurance, advisory, financial advisory, risk advisory, tax and related services to public and private clients spanning multiple industries. Deloitte serves four out of five of the Fortune Global 500® businesses through a connected global network of member firms in more than 150 countries and territories bringing world-class capabilities, knowledge and services to solve clients’ most complex business challenges.

MEDIA CONTACTS
Sutton Resler, nCino
+1 571.236.4966
[email protected]

ryan kelly
+1 732.770.5942
[email protected]

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 the use of the words “believes,” similar expressions. Any forward-looking statements contained in this press release are based on nCino’s historical performance and its current plans, estimates and expectations, and do not constitute 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 change these expectations and, except as required by law, nCino undertakes no 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 other things, risks and uncertainties relating to market adoption of our solution and privacy issues. and data security. Additional risks and uncertainties that could affect nCino’s business and financial results are included in nCino’s filings with the United States Securities and Exchange Commission (available on our website at www.ncino.com or on the SEC’s website at www.sec.gov). Further information about potential risks that could affect actual results will be included in other filings by nCino with the SEC from time to time.

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