Cloud banking innovator nCino has rolled out a new AI-driven solution called Banking Advisor, aimed at transforming how banks manage their operations.
Announced on Monday, Banking Advisor acts as a supportive “copilot” for bankers, offering portfolio management and simplifying tasks while ensuring banks stay on top of regulatory requirements.
Donald Permezel, nCino’s product general manager, highlighted the growing recognition among financial institutions of AI’s potential to reshape operations and enhance customer experiences. He emphasized that nCino is committed to delivering innovative solutions that not only make an immediate impact but also evolve with adoption.
Banking Advisor leverages nCino IQ, which first debuted in 2018. This platform integrates AI, machine learning, and analytics to provide intelligent automation, data-driven insights, and industry benchmarks, ultimately enhancing user interactions.
Permezel noted that by automating routine tasks, Banking Advisor boosts productivity, allowing bank employees to focus more on crucial activities like nurturing client relationships.
In its recent quarter, nCino reported record gross sales, attributing the growth to strong demand for its unified cloud banking solution and AI capabilities. Pierre Naudé, nCino’s chairman and CEO, underscored the effectiveness of their single-platform strategy and the increasing demand from financial institutions for technology that enhances business processes with intelligence.
Naudé highlighted that nCino’s solutions offer banks greater visibility into their financial performance, enabling them to prioritize strategic initiatives, improve operational efficiency, and deliver superior client experiences. This trend is driving higher investments in technology across the industry.
