CIBC chooses out-of-the-box functionality
Half of Canada's Big Six banks now use nCino's cloud banking platform. Here's why the fintech is eyeing Canada for growth and some plans for its platform going forward.
The $653.6 billion Canadian Imperial Bank of Commerce on Jan. 13 became the latest of the Bix Six Canadian banks to select the nCino Bank Operating System for its business clients.
Half of Canada's largest banks now use the cloud banking and loan automation firm, Cameron Sterrett, managing director of nCino's Canadian business, tells Bank Automation News in this episode of "The Buzz" podcast.
Key to nCino's expansion in Canada is that its banking solution is built on the Salesforce platform, features an open application programming interface (API) and offers a range of functionality out of the box, Sterrett noted. CIBC chose the company because it wants to modernize its small business banking platform and grow its portfolio while improving both the internal banker experience and commercial client experience, Sterrett said.
Tune in to learn more about the technologies these banks can expect to leverage in the coming year.
nCino shares [NASDAQ: NCNO] closed at $44.61 today, up 7.03% from market open.
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