nCino’s Single Platform Selected by Desjardins to Automate Loan Origination Process Through Machine Learning

North America’s largest cooperative financial group to leverage nCino’s automated spreading solution, powered by nIQ, to drive increased efficiency

QUEBEC CITY, March 21, 2024 (GLOBE NEWSWIRE) -- nCino, Inc. (NASDAQ: NCNO), a pioneer in cloud banking for the global financial services industry, today announced that the largest cooperative financial group in North America, Desjardins Group, will implement nCino’s Automated Spreading Solution, powered by nCino IQ (nIQ), expanding their partnership with nCino to further realize the benefits of a single platform.

After implementing nCino’s Small Business and Commercial Banking Solutions in 2022, Desjardins has been able to increase the speed of its loan origination process by eliminating unnecessary wait times for its members and clients. To improve the efficiency already gained by using the platform, Desjardins is expanding its use of nCino to include Automated Spreading functionality, which leverages machine learning to streamline the underwriting process, enhance financial statement data capture and improve the speed and quality of credit decisions. This solution covers multilingual documents and multi-currency financial statements, making the process smoother for Desjardins’ clients and members.

“Desjardins is continuously working to minimize delays and wait times for our members and clients and increase value added interactions by offering innovative digital solutions that meet their needs. Our partnership with nCino has already helped us accelerate the funding process to small businesses. With nCino’s spreading solution, we will be able to remain a leader and continue to offer members and clients a seamless user experience,” said Jean-Yves Bourgeois, Executive Vice-President of Business Services.

“Desjardins’ selection of nCino’s Automated Spreading Solution demonstrates their forward-thinking approach to leveraging and deriving meaningful value from technology.” said Greg Wipke, Vice President of Sales, Canada, at nCino. “We are proud to be strengthening our partnership and look forward to building upon the way Desjardins has embraced the nCino platform to create greater operational efficiencies across the credit decisioning processes and to enhance client experiences.”