WILMINGTON, North Carolina, March 03, 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 $4 billion in assets Smart banka subsidiary of SmartFinancial, Inc. (“SmartFinancial” or the “Company”; NASDAQ: SMBK) is transitioning to nCino Bank Operating System®. SmartBank will use nCino Commercial banking solutionwhich will provide the institution with a robust, digitized, end-to-end experience for all of its clients.
“We know that investing in technology is crucial in today’s digital landscape, but even more critical is having the knowledge and understanding of how best to allocate that investment. We have been very acquiring in the market and to ensure that our customer onboarding processes remain as seamless as possible, we needed a best-in-class solution that will serve our customers from anywhere, anytime” , said Daniel Hereford, EVP and Chief Information Officer at SmartBank. “This partnership will create greater efficiency and transparency for our associates and customers, and we look forward to further simplifying the lending experience.”
SmartFinancial, headquartered in Knoxville, Tennessee, opened its first branch in 2007. The company continues to evaluate its digital capabilities and has made several banking acquisitions that have given it a presence of 40 branches in Tennessee, Alabama and Florida. nCino’s platform will be essential to the bank‘s active M&A strategy by creating a consistent and scalable lending experience for merging institutions. Moving from SmartBank to nCino will also help replace outdated legacy systems while increasing the speed, efficiency and ease with which customers and their bankers interact.
“The pick-up in mergers and acquisitions activity over the past year has presented many opportunities for financial institutions to transition to new technologies as they seek to grow their businesses,” said Will Cameron, senior vice president of community and regional banking services at nCino. “We are delighted that SmartBank has a scalable solution that will not only drive future growth, but also create a single view for all of their business customers.”
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 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 deposit accounts 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 1,500 financial institutions of all types and sizes globally. For more information visit: www.ncino.com.
About SmartBank Founded in 2007, SmartBank is a full-service commercial bank providing banking, investment, insurance and mortgage services, with 40 branches spanning Tennessee, Alabama and Florida. Recruiting the best people, delivering exceptional customer service, building strategic branches and a disciplined approach to lending have contributed to SmartBank’s success. For more information on SmartBank, visit smartbank.com.
MEDIA CONTACTS Sutton Resler, nCino +1 571.236.4966 [email protected]
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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 the SEC 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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