nCino acquires Sandbox Banking for $52.5m to simplify financial integrations

By Gloria Methri

nCino, a Nasdaq-listed company specialising in intelligent banking solutions, has acquired Sandbox Banking for $52.5 million in cash. The deal also includes a potential earn-out of up to $10 million, further strengthening nCino’s capabilities in optimising banking integrations and improving data connectivity.

Financial institutions often face costly and time-consuming integration hurdles when adopting new products, workflows, or external systems. By leveraging Sandbox Banking’s technology, nCino aims to simplify these complexities through a cutting-edge Integration Platform as a Service (iPaaS) solution.

This will enable banks and credit unions to better synchronise data across core and supporting banking systems, improving workflows and minimising redundancy.

nCino offers cloud-based banking solutions that drive digital transformation, enhance transparency, reduce inefficiencies, and strengthen compliance for financial institutions.

Specialising in integration solutions, Sandbox Banking helps banks accelerate digital adoption by streamlining processes and enabling seamless omnichannel experiences. By partnering with nCino, the company seeks to expand its reach and support more financial institutions in navigating digital innovation.

The acquisition is expected to deliver key benefits such as faster project implementation, AI-powered integrations, improved operational efficiency, and reduced manual data entry.

Together, nCino and Sandbox Banking aim to enhance compliance, lower IT costs, and accelerate the launch of new digital services for financial institutions.

“We have closely partnered with Sandbox Banking for years through many integration projects, so we have seen first-hand how this technology layer improves transparency, reduces integration friction, accelerates project timelines, and creates a hub for better data connectivity,” said Chris Gufford, Chief Product Officer at nCino. “Banks and credit unions face critical demands for operational efficiency and regulatory compliance. This acquisition gives nCino a better ability to empower these institutions with a flexible, reliable data environment for greater agility to quickly integrate third party systems, AI and new technologies without disruptions.”

Ravi Balasubramanian, CEO & Co-founder, Sandbox Banking added, “Today’s financial institutions are navigating complex challenges, from managing siloed data systems to launching tech-enabled products quickly. Our combined resources offer banks and credit unions practical tools to turn these challenges into opportunities for growth and customer delight. By reducing manual workflows and providing a seamless path to digital transformation, nCino and Sandbox Banking are making it simpler for financial institutions to remain agile, scalable, and competitive in the modern market. We are excited to become a part of nCino and double down on that impact.”