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Wells Fargo expands adoption of nCino to transform Small Business Banking experience

By Edlyn Cardoza

April 01, 2022

  • Cloud Banking
  • Commercial Lending
  • Consumer and Small Business Banking
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nCino, Financial Services, Cloud Banking, Digital Transformation Solutions, Wells Fargo, nCino Bank Operating System, Consumer and Small Business Banking, Commercial Lending, Underwriting, Origination, USAnCino, Inc., a pioneer in cloud banking and digital transformation solutions for the global financial services industry, recently announced that Wells Fargo & Company will expand its use of the nCino Bank Operating System® to accelerate digital transformation within its Consumer and Small Business Banking division to deliver a premier, cutting-edge technology experience. Previously, Wells Fargo selected nCino as the technological foundation to transform its commercial lending operations.

“The pandemic has certainly changed the way our customers want to work with us,” said Derek Ellington, Head of Small Business Banking at Wells Fargo. “Providing more access to digital banking options that are fast, safe and convenient is important and has spurred additional investments in technology. Collaborating with nCino is expected to provide our customers with a more streamlined lending experience, reducing the sometimes tedious back and forth that sometimes occurs when applying for and obtaining a loan, and it provides our employees a single view of each customer, making the end-to-end lending experience quicker and more efficient.”

For Wells Fargo, a leading financial services company that proudly serves one in three U.S. households and more than 10% of small businesses in the U.S. and is the leading middle-market banking provider in the U.S., a key component of its digital transformation strategy was selecting an end-to-end, flexible, cloud-native platform that could scale as the business required. As small business owners increasingly seek quicker access to capital and digital experiences without having to visit a branch, nCino’s Small Business Banking Solution offers a single platform to streamline the entire lending process for origination, underwriting, and portfolio management.

“We’re incredibly proud to expand our relationship with Wells Fargo two quarters after they first selected nCino to transform their commercial lending operations,” said Pierre Naudé, CEO of nCino. “Wells Fargo clearly sees the value of the cloud as an enabler in their continued evolution and transformation, and we are confident our best-in-class cloud platform will help drive additional efficiencies and unlock even more value for their employees and small business clients.”

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