Australian non-bank corporate lender partners with Industry & Co to help deliver project
SYDNEY, Australia, February 01, 2021 (GLOBE NEWSWIRE) – nCino, Inc. (NASDAQ: NCNO), a pioneer in cloud banking and digital transformation solutions for the global financial services industry, today announced that Metrics credit partners, one of Australia’s leading non-bank lenders, has adopted the nCino Bank Operating System® transform their business lending practices to further support sustained growth. Selected metrics Industry & Co to support project delivery.
As an organization focused on highly structured and larger business loans from A $ 10 million to A $ 150 million, Metrics needed a digital solution that would allow it to manage a wide range of borrowers, types of loans and structures with various financial and reporting clauses. With nCino’s Commercial banking solution, Metrics has access to enhanced dashboards and reports, giving them more detailed portfolio and customer information. The Metrics investment team also has a holistic view of their clients and a better understanding of the entire portfolio, which helps them improve their risk management practices. In addition, nCino Document manager allows Metrics to store and categorize all of their transaction-related files for quick identification and retrieval.
Due to the COVID-19 pandemic, the entire implementation of nCino has been executed remotely. To help deliver the nCino platform, Metrics has partnered with Industrie & Co, a technology company with extensive experience in financial services that helps institutions navigate digital transformation. Thanks to the combined efforts of teams from all three organizations, Metrics was able to quickly adopt nCino despite the remote working environment.
“NCino provides us with a scalable technology platform with our business, which is critical given our continued growth,” said Andrew Lockhart, Managing Partner at Metrics. “Of the vendors we looked at, nCino was best able to meet all of our needs, and their commitment to innovation means that we will continue to benefit from improvements over time. We had a tight schedule to start and use nCino, and Industrie & Co proved to be an agile partner with a deep understanding of financial services that served our diverse needs well.
“We were delighted to support Metrics in the implementation of nCino,” said Lukas Bower, Managing Director of Industry & Co. “The combined team was able to deliver a great result within a tight deadline, despite COVID-19. Well done for a great effort.
“Any transformation project will face its share of challenges, but none of us could have expected to have to undergo a significant technological implementation during containment due to a global pandemic,” Mark said. Bernhardi, Managing Director – APAC at nCino. “I am incredibly proud of what our three teams have been able to accomplish together. Collaboration between our organizations is a big step forward in the digitization of Australian financial services. “
Metrics is Australia’s largest non-bank corporate lender and alternative asset manager specializing in fixed income, private credit, equity and capital markets. Metrics offers a range of debt products to borrowers across the credit risk spectrum, across capital structure and across industries. Whether working alongside banks under traditional syndicated credit facilities or working directly with borrowers to structure innovative bespoke solutions, Metrics provides a valuable source of non-bank capital in a growing market. in addition constrained. Metrics has loaned more than A $ 10 billion on more than 325 transactions since launching its first fund more than seven years ago. With significant industry experience and expertise, Metrics focuses on providing performance guarantees for its corporate borrowers and creating innovative investment products.
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 revenues, increase efficiency, reduce costs and comply with regulations. In a digitally driven world, nCino’s unique digital platform enhances the employee and customer experience to enable financial institutions to more effectively onboard new customers, grant loans and manage overall loan lifecycle, and open deposits and other accounts across all lines of business and channels. . Transforming the way financial institutions work through innovation, reputation and speed, nCino works with more than 1,200 financial institutions around the world, with assets ranging from $ 30 million to over $ 2,000 billion . . For more information visit: www.ncino.com.
This press release contains forward-looking statements within the framework of 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. All forward-looking statements contained in this press release are based on the historical performance of nCino and its current plans, estimates and expectations, and do not constitute a representation that such plans, estimates or expectations will be realized. . . . 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 assumes no obligation to update or revise these forward-looking statements. These forward-looking statements are subject to known and unknown risks and uncertainties which could cause actual results to differ materially. Additional risks and uncertainties that could affect the business and financial results of nCino are included in reports filed by nCino 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 on potential risks that could affect actual results will be included in other documents filed by nCino with the SEC from time to time.