StockNews.AI
NCNO
StockNews.AI
126 days

Zions Bancorporation to Implement nCino Platform and Intelligent Solutions as the Technology Foundation of its Lending End-to-End Process Transformation

1. nCino selected by Zions Bancorporation for loan origination technology. 2. Zions aims to enhance customer loan processes with nCino's platform. 3. Partnership expected to improve banking efficiency and customer experiences. 4. Zions Bancorporation operates with $89 billion in assets as of 2024. 5. Investment in digital transformation aligns with nCino's growth strategy.

9m saved
Insight
Article

FAQ

Why Bullish?

The partnership signifies a strong endorsement of nCino's capabilities. Historical examples show that such strategic alliances often lead to share price increases.

How important is it?

This announcement is significant due to Zions' size and commitment to transformation, enhancing nCino's market position.

Why Long Term?

The ongoing digital transformation at Zions represents a sustainable demand for nCino's solutions. Historically, long-term partnerships with major banks improve revenue visibility.

Related Companies

ZIONVMAFIS
WILMINGTON, N.C., April 15, 2025 (GLOBE NEWSWIRE) -- nCino, Inc. (NASDAQ: NCNO), the leading provider of intelligent, best-in-class banking solutions, today announced that Zions Bancorporation has selected nCino as its technology platform as they digitally transform their loan origination process. Zions Bancorporation is a collection of extraordinary, locally led and community-focused banks serving businesses, households and local governments in some of the best growth markets in the nation. Zions’ focus is on helping to build strong, successful communities, creating economic opportunity and helping clients achieve greater financial strength through the relationships they develop and services they provide. Zions is advancing its digital journey with nCino, which is expected to deliver improved experiences for its customers across commercial and small business powered by nCino tools such as Banking Advisor, Commercial Pricing, and Profitability and Analysis. The bank has demonstrated a long-term commitment to its digital transformation, having recently replaced its core loan and deposit systems and upgraded the majority of its front-end digital customer-facing applications. “Working with nCino, we are focused on enhancing our lending end-to-end process, which improves the speed and flexibility with which we respond to customers,” said Scott McLean, President and Chief Operating Officer at Zions Bancorporation. “What most customers really want is an answer as quickly as possible tailored to their specific situation. Utilizing nCino’s extensive capabilities is an important component to create value for our customers.” “We’re proud to work closely with Zions as it builds upon its national reputation for relationship banking and continues transformational change by tailoring its products and solutions for the future needs of its customers,” said Paul Clarkson, Executive Vice President of Global Revenue at nCino. “Through this initiative, we are committed to supporting Zions Bancorporation in advancing its business and promoting sustained leadership and innovation in the banking industry.” About nCinonCino (NASDAQ: NCNO) is powering a new era in financial services. The Company was founded to help financial institutions digitize and reengineer business processes to boost efficiencies and create better banking experiences. With over 2,700 customers worldwide — including community banks, credit unions, independent mortgage banks, and the largest financial entities globally — nCino offers a trusted platform of best-in-class, intelligent solutions. By integrating artificial intelligence and actionable insights into its platform, nCino is helping financial institutions consolidate legacy systems to enhance strategic decision-making, improve risk management, and elevate customer satisfaction by cohesively bringing together people, AI and data. For more information, visit www.ncino.com. About Zions Bancorporation Zions Bancorporation, N.A. (NASDAQ: ZION) is one of the nation's premier financial services companies with approximately $89 billion of total assets at December 31, 2024, and annual net revenue of $3.1 billion in 2024. Zions operates under local management teams and distinct brands in 11 western states: Arizona, California, Colorado, Idaho, Nevada, New Mexico, Oregon, Texas, Utah, Washington, and Wyoming. The Bank is a consistent recipient of national and state-wide customer survey awards in small- and middle-market banking, as well as a leader in public finance advisory services and Small Business Administration lending. In addition, Zions is included in the S&P MidCap 400 and NASDAQ Financial 100 indices. Investor information and links to local banking brands can be accessed at www.zionsbancorporation.com. Media Contacts  Natalia Moose press@ncino.com Forward-Looking Statements:This press release contains forward-looking statements about nCino's financial and operating results, which include statements regarding nCino’s future performance, outlook, guidance, the benefits from the use of nCino’s solutions, our strategies, and general business conditions. Forward-looking statements generally include actions, events, results, strategies and expectations and are often identifiable by use of the words “believes,” “expects,” “intends,” “anticipates,” “plans,” “seeks,” “estimates,” “projects,” “may,” “will,” “could,” “might,” or “continues” or similar expressions and the negatives thereof. Any forward-looking statements contained in this press release are based upon nCino’s historical performance and its current plans, estimates, and expectations and are not 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 cause these expectations to change and, except as may be required by law, nCino does not undertake any 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, but not limited to risks associated with (i) adverse changes in the financial services industry, including as a result of customer consolidation or bank failures; (ii) adverse changes in economic, regulatory, or market conditions, including as a direct or indirect consequence of higher interest rates; (iii) risks associated with acquisitions we undertake, (iv) breaches in our security measures or unauthorized access to our customers’ or their clients' data; (v) the accuracy of management’s assumptions and estimates; (vi) our ability to attract new customers and succeed in having current customers expand their use of our solution, including in connection with our migration to an asset-based pricing model; (vii) competitive factors, including pricing pressures and migration to asset-based pricing, consolidation among competitors, entry of new competitors, the launch of new products and marketing initiatives by our competitors, and difficulty securing rights to access or integrate with third party products or data used by our customers; (viii) the rate of adoption of our newer solutions and the results of our efforts to sustain or expand the use and adoption of our more established solutions; (ix) fluctuation of our results of operations, which may make period-to-period comparisons less meaningful; (x) our ability to manage our growth effectively including expanding outside of the United States; (xi) adverse changes in our relationship with Salesforce; (xii) our ability to successfully acquire new companies and/or integrate acquisitions into our existing organization; (xiii) the loss of one or more customers, particularly any of our larger customers, or a reduction in the number of users our customers purchase access and use rights for; (xiv) system unavailability, system performance problems, or loss of data due to disruptions or other problems with our computing infrastructure or the infrastructure we rely on that is operated by third parties; (xv) our ability to maintain our corporate culture and attract and retain highly skilled employees; and (xvi) the outcome and impact of legal proceedings and related fees and expenses.

Related News