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Absa Bank Limited selects nCino Bank Operating System

By Edlyn Cardoza

November 02, 2022

  • Absa Bank Limited
  • Africa
  • Cloud Banking

Absa Bank Limited, nCino, Cloud Banking, Digital Transformation, Financial Services, nCino Bank Operating System, Debt Case Management, Relationship Banking Business, AfricanCino, Inc., a pioneer in cloud banking and digital transformation solutions for the global financial services industry, announced that Absa Bank Limited (Absa), a leading African bank, has selected the nCino Bank Operating System, to deliver a single platform solution to automate its debt case management and portfolio reporting processes in its Relationship Banking Business.

“We are confident that the nCino platform will support our ambitions to be a digitally powered business,” said Sugandree Mudely from Absa Relationship Banking. “The delivery of this solution is a meaningful milestone in our digital transformation.”

As the bank accelerates its digitisation programme, nCino will deliver this cloud-based platform and help Absa reduce complexity and eliminate high-touch processes, ultimately enhancing its employee and customer experience and improving efficiency.

“The introduction of nCino will provide Absa with a single centralised workflow solution, which will streamline its internal processes,” said Kate Jane Johnsen, Regional Vice President at nCino. “I am eager to see the results of this partnership in action.”

nCino 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 cloud-based platform enhances the employee and client experience to enable financial institutions to more effectively onboard clients, make loans and manage the entire loan life cycle, and open deposit and other accounts across lines of business and channels.

Absa Bank Limited is a wholly-owned subsidiary of Absa Group Limited, listed on the Johannesburg Stock Exchange and is one of Africa’s largest financial services groups. Absa offers a range of retail, business, corporate and investment banking, wealth management, and insurance products and services primarily in South Africa and Namibia.

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