The stock of Accenture Plc (NYSE:ACN) closed at $141.16 gaining 1.61% in yesterday’s trading session. This company and nCino, which happens to be a cloud-banking leader, have made the move to team up in a joint effort to help a large number of banks transform their business operations. They will be experiencing increased efficiency, reduced risks as well as the minimal compliance burdens.
The minority investment in nCino by Accenture Ventures is being seen as a major step forward. Over quite a long period of time it has remained a preferred systems integration partner to nCino and that has helped towards serving the various U.S. banks. Most of them have been able to improve on business performance as well as digitize their commercial lending operations.
Accenture and nCino have in the past partnered on a number of successful wide-scale customer projects. One of them has been the deployment of nCino’s Bank Operating System to the various team members.
The latest move by Accenture was the addition of a treasury management origination and onboarding to its services and the main goal was to align with product solutions of nCino. It has always targeted helping most of the financial institutions accelerate digital transformation.
The CEO of nCino, Pierre Naudé, opined, “The combination of our platform with Accenture’s implementation scale and expertise is enabling financial institutions to provide an efficient, flexible and transparent experience that delights customers.”
He added that they were delighted about the fact that they had succeeded at expanding their work with Accenture towards enhancing as well as transforming the commercial banking and treasury management. A lot of the world’s top financial institutions have with the passage of time benefited from the wide array of services offered by the company.
Accenture senior managing director, Alan McIntyre, outlined that commercial lending and treasury management were ready to adopt digital innovation. The lenders’ outdated paper-intensive processes and technology have been resulting in some unnecessarily long fulfillment cycles, high costs, unsatisfied customers, as well as increased regulatory exposure.
