Rabobank Australia and New Zealand signs deal with nCino
By Leandra Monteiro
nCino, Inc, a pioneer in cloud banking and digital transformation solutions for the global financial services industry, announced that Rabobank Australia and New Zealand (RANZ) has selected the nCino Bank Operating System®, leveraging nCino’s Automated Spreading solution, powered by nCino IQ (nIQ). This partnership will benefit the bank’s Australian and New Zealand employees and customers, representing a multi-currency, cross-country commitment to provide a better banking experience.
“By partnering with nCino, we will optimise our financial spreading analysis, said Alexa Glynn, Chief Operating Officer at RANZ. “This relationship will provide an excellent opportunity for RANZ to support our growing customer base and modernise our systems. We’re delighted that nCino’s technology will enable us to offer our customers and employees a better banking experience.”
The world’s leading specialist food and agribusiness bank, Rabobank is one of Australia and New Zealand’s largest agricultural lenders and a major provider of business and corporate banking services to the country’s food and agribusiness sector.
By adopting the nCino Bank Operating System, RANZ gains a digital solution that intelligently transforms the process of spreading financials by leveraging machine learning and optical character recognition (OCR).
“Rabobank’s customers value their relationship managers’ close connection to their business. To effectively build on this connection, Rabobank Australia and New Zealand procured a platform that can leverage artificial intelligence (AI), machine learning and analytics to increase data automation and generate meaningful insights,” said Mark Bernhardi, Managing Director of Australia and New Zealand at nCino. “We’re excited to partner with RANZ to help them achieve their goals and enhance their services through digital transformation. This partnership will enhance RANZ’s commitment to creating value for their customers, employees and the communities in which they do business.”
With nCino’s Automated Spreading solution, RANZ will be able to reduce the time it takes to spread and process documents by a significant margin, enabling profitable portfolio growth by improving the speed and quality of credit decisions. By adopting solutions such as this, the institution will be able to automate high-volume, low-complexity tasks, freeing up their employees’ time to focus on strengthening customer relationships.
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