Sunrise Credit Union Adopts nCino Platform to Provide a First-Class Member Experience
May 26 2021 - 7:30AM
nCino, Inc. (NASDAQ: NCNO), a pioneer in cloud banking and digital
transformation solutions for the global financial services
industry, today announced that Manitoba’s Sunrise Credit Union is
live on the nCino Bank Operating System®. Sunrise will now be able
to offer a user-friendly, digital on-line and in-branch Deposit
Account Opening experience members today expect through the nCino
platform. The nCino platform will be able to significantly reduce
the time required to open new memberships and new accounts,
allowing Sunrise employees the ability to spend an increased amount
of personal time with their members to understand their financial
needs and provide a first-class customer experience.
In addition to utilizing nCino’s Deposit Account Opening
solution, Sunrise has also purchased nCino’s Commercial Banking,
Retail Banking and Residential Mortgage solutions which it plans to
roll-out in phases to help further automate tasks to drive
organizational efficiency, scalability and speed.
“We conducted an extensive review of potential partners and
selected nCino because they not only offered a solution that could
provide our members the very best experience, but their corporate
values align closely to those of Sunrise,” said Tim Klassen,
President & CEO at Sunrise Credit Union. “The pandemic has
required us to find new ways to meet our members’ needs including
moving many business activities online. The introduction of nCino
will enable us to provide more self-service and electronic
communication options to our members, which was the most pressing
issue for us to solve.”
With approximately 34,000 members, Sunrise Credit Union’s goal
is to provide personalized financial services to benefit its
members and communities. Sunrise recognized the need to continue to
innovate and improve in order to meet the changing needs of its
members and nCino is a key component to achieving these goals. The
nCino Bank Operating System digitizes, automates and streamlines
complex processes and workflow through a single-digital platform
that can be accessed anytime, anywhere and from any
internet-enabled device. Through the nCino platform, Sunrise has
been able to substantially reduce the time it takes to open deposit
accounts and member onboarding time has been reduced by about
half.
“Digital transformation should be done with a focus on meeting
the needs of each and every member while also enhancing operational
efficiency,” said Cam Sterrett, nCino's General Manager, Canada.
“Sunrise understood the need to enhance their processes to enable
them to streamline their current offerings, freeing up employee
time to focus on meeting the needs of their members. We’re thrilled
to be able to continue carving our footprint throughout Canada and
partner with institutions as innovative as Sunrise.”
About nCinonCino (NASDAQ: NCNO) is the
worldwide leader in cloud banking. The nCino Bank Operating
System® empowers financial institutions with scalable
technology to help them achieve revenue growth, greater efficiency,
cost savings and regulatory compliance. In a digital-first world,
nCino's single digital platform enhances the employee and client
experience to enable financial institutions to more effectively
onboard new clients, make loans and manage the entire loan life
cycle, and open deposit and other accounts across
lines of business and channels. Transforming how financial
institutions operate through innovation, reputation and speed,
nCino works with more than 1,200 financial institutions globally,
whose assets range in size from $30 million to more than $2
trillion. For more information, visit: www.ncino.com.
About Sunrise Credit UnionSunrise Credit Union
formed in 2008 and now offers personalized service from 20 branches
located in Baldur, Boissevain, Brandon, Cypress River, Deloraine,
Grandview, Hartney, Holland, Laurier, Melita, Minnedosa, Oakburn,
Reston, Sandy Lake, Shoal Lake, Ste. Rose du lac, Strathclair,
Treherne, Virden, and Waskada. Sunrise Credit Union has
approximately 34,000 members and about 240 employees.
MEDIA
CONTACTS |
|
|
Sutton Resler,
nCino |
Ryan Kelly, nCino |
Kelly Scott, VP Information Technology |
+1 571.236.4966 |
+1 732.770.5942 |
+1 204.726.2604 |
sresler@mww.com |
ryan.kelly@ncino.com |
Kscott@sunrisecu.mb.ca |
This press release contains forward-looking statements within
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 use of the words “believes,” “expects,” “intends,”
“anticipates,” “plans,” “seeks,” “estimates,” “projects,” “may,”
“will,” “could,” “might,” or “continues” or similar expressions.
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, among others, risks
and uncertainties relating to the market adoption of our solution
and privacy and data security matters. Additional risks and
uncertainties that could affect nCino’s business and financial
results are included in reports filed by nCino with the U.S.
Securities and Exchange Commission (available on our web site at
www.ncino.com or the SEC's web site at www.sec.gov). Further
information on potential risks that could affect actual results
will be included in other filings nCino makes with the SEC from
time to time.
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