nCino, Inc. (NASDAQ: NCNO) has joined forces with Natixis Corporate & Investment Banking (Natixis CIB) to simplify and automate several of Natixis CIB’s processes. Natixis CIB, part of Groupe BPCE has earned a reputation as the second-largest banking group in France through the Banque Populaire and Caisse d’Epargne retail networks.
As part of this partnership, Natixis CIB is leveraging nCino's Automated Spreading, which is driven by nCino's artificial intelligence (AI) application suite, nCino IQ (nIQ), as part of the cloud-based nCino Bank Operating System, to expedite credit journeys, improve efficiency. Natixis CIB will also leverage nCino's Corporate Banking Solution to automate repeated operations and minimize manual processes.
Furthermore, it will allow seamless collaboration across deal teams and speedier credit decisions, all while maintaining regulatory compliance and procedures. The nCino platform is perfectly suited to assist financial institutions in France and around the world. NCNO is very excited to give Natixis CIB an efficient single platform that allows the bank to have more automated, digital operations. It will enable front office and risk teams to focus on analysis, credit decisions, and giving greater value to their clients.
Additionally, Natixis CIB commented that it is investing heavily in technology as part of its 2024 strategic plan to improve its competitiveness and desirability. Its decision to use nCino's technologies as part of the digital transformation of its finance activities demonstrates its dedication to making its processes faster and more resilient, and ultimately to improving the service it gives to its clients.