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Alba Bank adopts nCino Cloud Banking Platform for SME lending
nCino, Inc. (NASDAQ: NCNO), a pioneer in cloud banking for the global financial services industry, today announced that Alba Bank (Alba) has made a significant step towards supporting the UK’s small- and medium-sized businesses (SMEs) by adopting the nCino Cloud Banking Platform.
Dh’ ainmich nCino, Inc., tùsaire ann am bancaireachd sgòthan airson gnìomhachas seirbheisean ionmhais na cruinne, an-diugh gu bheil Alba Bank (Alba) air ceum mòr a dhèanamh a dh’ ionnsaigh taic a thoirt do ghnìomhachasan beaga is meadhanach (SMEn) na RA le gabhail ri Àrd-ùrlar Bancaidh Cloud nCino.
As a secure cloud-based solution, the nCino Cloud Banking Platform will help to ensure Alba has a streamlined end-to-end lending process from loan application to fund disbursement. As Alba grows and evolves, it will offer a scalable, cutting-edge SME lending framework which complements its commitment to providing quick lending decisions.
Mar fhuasgladh tèarainte stèidhichte air sgòthan, cuidichidh Àrd-ùrlar Bancaidh Cloud nCino gus dèanamh cinnteach gu bheil pròiseas iasaid sgiobalta aig Alba bho bhith a’ cur a-steach iasad gu airgead-airgid. Mar a dh’fhàsas agus a dh’fhàsas Alba, tairgidh i frèam iasaid a ghabhas leudachadh agus a tha ùr-nodha do SME a chuireas ri a dealas airson co-dhùnaidhean iasaid luath a thoirt seachad.
Integrating with Alba’s core banking engine, the nCino platform will enable the submission of loan applications, the monitoring of progress and the digital sharing of loan decisions, helping to reduce the time from application to review by Alba’s team of underwriters, and approval.
A’ fighe a-steach le prìomh einnsean bancaidh na h-Alba, leigidh àrd-ùrlar nCino le tagraidhean iasaid a chur a-steach, sùil a chumail air adhartas agus co-roinn didseatach air co-dhùnaidhean iasaid, a’ cuideachadh le bhith a’ lughdachadh na h-ùine bho iarrtas gu lèirmheas le sgioba fo-sgrìobhadairean na h-Alba, agus aonta.
Alba was, earlier this year, granted its banking licence by the UK Prudential Regulatory Authority (PRA) and the FCA, allowing it to move into mobilisation, during which time it is focused on building out its team, operations and infrastructure.
Fhuair Alba, na bu thràithe am-bliadhna, a cead bancaidh le Ùghdarras Riaghlaidh Stuamachd na RA (PRA) agus an FCA, a’ leigeil leis gluasad gu gluasad, agus rè na h-ùine sin tha i ag amas air a sgioba, gnìomhachd agus bun-structar a thogail a-mach.
With full regulatory approval pending, Alba’s partnership with nCino will help to ensure that the Bank is technically and operationally ready to begin lending on day one.
Le làn chead riaghlaidh a’ feitheamh, cuidichidh com-pàirteachas Alba le nCino gus dèanamh cinnteach gu bheil am Banca deiseil gu teicnigeach agus gu gnìomhach airson tòiseachadh air iasad air a’ chiad latha.
Andrew Lewis, Chief Risk Officer for Alba Bank said: “To build Alba, we partnered with the very best technology providers in their fields to offer our customers a first-class banking experience. Partnering with nCino underlines this approach. nCino’s highly regarded Cloud Banking Platform will support our end-to-end lending needs, helping our expert underwriters to make quicker lending decisions for our customers, and allowing us to scale with speed and agility as we introduce more products and build our customer base.”
Thuirt Anndra Lewis, Prìomh Oifigear Cunnairt Banca Alba: “Gus Alba a thogail, rinn sinn com-pàirt leis na solaraichean teicneòlais as fheàrr nan raointean gus eòlas bancaidh den chiad ìre a thabhann don luchd-ceannach againn. Tha com-pàirteachas le nCino a’ daingneachadh an dòigh-obrach seo. Bheir Àrd-ùrlar taic do na feumalachdan iasaid deireadh-gu-deireadh againn, a’ cuideachadh ar fo-sgrìobhadairean eòlach gus co-dhùnaidhean iasaid nas luaithe a dhèanamh don luchd-ceannach againn, agus a’ leigeil leinn sgèile le luaths agus sùbailteachd fhad ‘s a bheir sinn a-steach barrachd thoraidhean agus a thogas sinn ar bunait teachdaiche.”
“We’re proud to partner with Alba Bank in their endeavor to revolutionize SME banking,” said Charlie McIver, Managing Director, EMEA at nCino. “Our technology is robust and adaptable, designed to support both emerging banks like Alba, and large established incumbents seeking to innovate and modernise. We’re excited to be on this journey with Alba as they scale and work to fulfill their mission.”
“Tha sinn moiteil a bhith ag obair còmhla ri Alba Bank nan oidhirp gus bancaireachd SME ath-nuadhachadh,” thuirt Charlie McIver, Stiùiriche Riaghlaidh, EMEA aig nCino. Tha sinn air bhioran a bhith air an t-slighe seo còmhla ri Alba agus iad a’ leudachadh agus ag obair gus an rùn aca a choileanadh.”
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