nCino boosts European presence with new German subsidiary
By Megha Bhattacharya
nCino today announced that it is boosting its European presence with a new establishment in Germany along with the appointment of a new General Manager, EMEA. The new German entity will be responsible for delivering the company’s Bank Operating System for advancing the digital transformation of German financial institutions.
“I am extremely excited to be joining nCino at such a pivotal moment for the European financial services industry,” said Jennifer Geary, General Manager, EMEA at nCino. “Having spent the majority of my career working in finance and technology, I look forward to using my experience to help financial institutions further adopt digital banking services as necessitated by the COVID-19 pandemic and evolving client preferences. nCino’s culture and proven success record of delivering measurable and meaningful results to financial institutions across the globe were major draws for me, and I hope to make a positive and lasting impact on the industry in this role.”
According to nCino, the subsidiary was established to more locally meet the growing demands of financial institutions in Germany looking to modernise and improve their ability to innovate while reducing costs and keeping pace with changing regulations and client needs. Newly appointed in-country lead Jens Treskatis will help scale nCino’s German operations.
nCino’s CEO Pierre Naudé added, “The EMEA market plays an extremely important role in the future of nCino’s business and Jennifer is perfectly placed to take the helm of the operation; we’re very excited to have her join the team. Over the last twelve months and following our IPO in July, we have matured our position in the cloud banking market globally, and began working with financial institutions in new countries who are now experiencing the benefits of nCino. As such, we’re pleased to formally commence operations in Germany while advancing our presence across the entire European continent in a commitment to support even more financial institutions through innovation, reputation and speed.”
Recently, nCino announced that its Bank Operating System has gone live at UK-based SME bank Recognise. The collaboration is expected to provide Recognise with a scalable platform for managing client-specific needs and enhancing customer service.
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