nCino Bank Operating System digitizes rural lending for Texas Farm Credit

By Edil Corneille

Wilmington-based nCino, a cloud banking and digital transformation solutions provider for the global financial services industry, announced the deployment of its nCino Bank Operating System by Texas Farm Credit (TFC) to improve and digitize the rural property lending processes.

Robstown-based TFC, a rural lending cooperative that finances agricultural production, agribusiness, rural real estate and homes, implemented nCino’s cloud-based platform to enhance its digital capabilities, improve transparency, automate processes, and streamline member onboarding. The cooperative serves 100 Texas counties and is part of the Farm Credit System, a nationwide network of rural lending cooperatives established in 1916.

“We partnered with nCino to meet the needs of a rapidly changing industry and diverse borrower base, while also repositioning ourselves in an aggressive lending environment,” said Mark Miller, CEO of Texas Farm Credit. “nCino is truly a leader in innovation and has helped us to establish more efficient operations across our cooperative. We trust that this relationship will continue to evolve as we accelerate our transformation to meet the credit and financial needs of farmers and ranchers across the country.”

TFC initially went live on nCino’s Commercial Banking Solution and Customer Portal and Online Applications feature in February 2020. nCino has helped TFC close a record $400 million in loans year-to-date. TFC processed over 2,000 servicing actions through the nCino system.

With nCino, employees now utilize a single cloud-based platform to streamline onboarding, document management, credit analysis, portfolio management, and compliance.

“We are extremely proud to partner with Texas Farm Credit as they continue to position themselves as a leader in the agricultural lending space,” said Josh Glover, chief revenue officer at nCino. “In today’s landscape, the adoption of high-tech banking capabilities is more crucial than ever and we are excited to have Texas Farm Credit utilizing the nCino Bank Operating System to better serve and manage their agriculture relationships by removing friction from the lending process and creating new opportunities for digital engagement.”

Glover added, “At nCino, we continue to invest in innovation that will positively impact the financial institutions that support rural communities and agriculture businesses. We are committed to delivering our market-leading technology to the farm credit space, helping to ensure these institutions have the modern tools they need to scale while delivering high-quality experiences and financial services to their customers.”