ThinCats selects nCino’s Bank Operating System to improve SME lending experience
By Megha Bhattacharya
Cloud banking solutions provider nCino today announced that UK-based alternative mid-sized business lender ThinCats will be expanding its use of the nCino Bank Operating System across its wider SME lending processes. The company recently deployed nCino’s Coronavirus Business Interruption Loan Scheme (CBILS) workflow.
“After carefully considering other solutions available in the Salesforce ecosystem, we are delighted to be working with nCino for a wider rollout of the nCino Bank Operating System across our operations,” said Steve O’Neill, Chief Technology Officer at ThinCats. “We pride ourselves on delivering a personal, local and flexible service to businesses and their advisers through our regional network. Our partnership with nCino means that we can spend more time shaping the right funding solution for our clients and less time on manual administration. nCino’s technology is tried and tested in the business lending sector and we look forward to maintaining a long-term partnership.”
The partnership will allow ThinCats’ SME clients to benefit from a better digital lending experience. ThinCats will utilise nCino to manage and improve the time-consuming process of collating documents through nCino’s Document Management, Collateral Management and Covenant features.
Recently, ThinCats announced that it would begin its Coronavirus Business Interruption Loan Scheme (CBILS) loans to new customers that have been introduced through business finance intermediaries.
Edward Lane, VP Sales at nCino – EMEA said, “The power of technology and cloud operations has been put under a spotlight during the pandemic. Through our CBILS partnership, nCino enabled ThinCats to provide its clients with loan decisions and funding quickly and across any digital channel. We’re pleased that this evolution of our relationship will provide ThinCats the opportunity to realise even more benefits for its staff and clients and are excited to be working with them in this additional capacity.”
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January 28, 2022
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