Libro Credit Union Selects nCino to Empower Employees and Positively Impact Ontario Community
April 30 2024 - 6:30AM
nCino, Inc. (NASDAQ: NCNO), a pioneer in cloud banking for the
global financial services industry, today announced that Libro
Credit Union has selected nCino’s Cloud Banking Platform to empower
its employees through data, achieve faster time to value and create
a smoother experience for customers.
Libro is one of Ontario’s largest credit unions, serving over
117,000 Owners, the customers who all own a piece of the company,
with 34 branches and 800 employees across the province. Known for
its unique approach to service and commitment to community, Libro
invests 100% of profits back into the people, businesses and
communities it serves, with a focus on fostering financial
resilience.
As a part of their business model, Libro is always open to
discovering new and innovative solutions for continuous
improvement. Dedication to providing Owners with a user-friendly,
real-time customer experience drove them to choose nCino’s Cloud
Banking Platform, which will provide an integrated system that acts
as a single source of truth and delivers transparency across the
loan process.
“At Libro, our ultimate goal is to make an impact by building
financial resilience in everyone we encounter because we know that
together, we can build a stronger community,” said Carol
Normandeau, Executive Vice President, Advice & Service, at
Libro Credit Union. “Our transition from multiple systems to
nCino’s single platform marks a significant step forward in
enhancing our operations and achieving our mission. We’re thrilled
about the possibilities nCino brings and anticipate the positive
impact it will have on enhancing the end-to-end experience for our
Owners and staff.”
“We’re proud to partner with Libro on their journey to enhance
the banking experience for their Owners,” said Greg Wipke, Vice
President of Sales, Canada at nCino. “When it comes to operational
efficiency, nCino offers Libro a user-friendly front-end while
simultaneously allowing for better collaboration and knowledge
sharing on the back-end for employees. By decreasing time to
funding with nCino, Libro will be able to have an even greater
impact on its communities, and we’re excited to be part of that as
well.”
About nCinonCino (NASDAQ: NCNO) is the
worldwide leader in cloud banking. Through its single
software-as-a-service (SaaS) platform, nCino helps financial
institutions serving corporate and commercial, small business,
consumer, and mortgage customers modernize and more
effectively onboard clients, make loans, manage the loan lifecycle,
and open accounts. Transforming how financial institutions operate
through innovation, reputation and speed, nCino is partnered with
more than 1,800 financial services providers globally. For more
information,
visit www.ncino.com. About
Libro Credit Union Libro Credit Union is a full-service
financial institution serving more than 117,000 member-Owners
through a network of digital services and 34 physical locations.
Libro is a purposed-based business proudly committed to making a
positive impact as a certified B Corporation®, as an associate
member of the Responsible Investment Association, and as a Living
Wage employer. To learn more about what it means to bank with
purpose, visit libro.ca.
Media ContactsNatalia Moosepress@ncino.com This
press release contains forward-looking statements within the safe
harbor provisions of the Private Securities Litigation Reform Act
of 1995. Forward-looking statements generally include actions,
events, results, strategies and expectations and are often
identifiable by use of the words “believes,” “expects,” “intends,”
“anticipates,” “plans,” “seeks,” “estimates,” “projects,” “may,”
“will,” “could,” “might,” or “continues” or similar expressions.
Any forward-looking statements contained in this press release are
based upon nCino’s historical performance and its current plans,
estimates, and expectations, and are not a representation that such
plans, estimates, or expectations will be achieved. These
forward-looking statements represent nCino’s expectations as of the
date of this press release. Subsequent events may cause these
expectations to change and, except as may be required by law, nCino
does not undertake any obligation to update or revise these
forward-looking statements. These forward-looking statements are
subject to known and unknown risks and uncertainties that may cause
actual results to differ materially including, among others, risks
and uncertainties relating to the market adoption of our solution
and privacy and data security matters. Additional risks and
uncertainties that could affect nCino’s business and financial
results are included in reports filed by nCino with the U.S.
Securities and Exchange Commission (available on our web site at
www.ncino.com or the SEC's web site at www.sec.gov). Further
information on potential risks that could affect actual results
will be included in other filings nCino makes with the SEC from
time to time.
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