Absa Bank Limited (Absa), a pioneering African bank has opted for a leading cloud banking and digital transformation service provider nCino, Inc., for its Banking Operating System for mechanizing its debt case management and portfolio reporting processes for its Relationship Banking Business.
Sugandree Mudely from Absa Relationship Banking, commented, “We are confident that the nCino platform will support our ambitions to be a digitally powered business. The delivery of this solution is a meaningful milestone in our digital transformation.”
As Absa Bank fast tracks its digitization process, nCino will contribute to providing a cloud-based platform and assist Absa Bank to lower the complications and evict high-touch processes, which will in turn amplify customer and employee experience, also increase the effectiveness.
Kate Jane Johnsen, Regional Vice President at nCino, stated, “The introduction of nCino will provide Absa with a single centralised workflow solution, which will streamline its internal processes. I am eager to see the results of this partnership in action.”
The nCino Bank Operating System allows financial organizations with scalable technology to assist them to obtain higher effectiveness, low cost, high revenue, and regulatory compliance.
nCino’s cloud-based platform improves customer and employee experience to allow the financial organization to get customers onboard with higher efficiency, provide loans and handle the complete loan life cycle, open deposits, and other bank accounts across various businesses and platforms.
Absa Bank Limited is a branch of Absa Group Limited, also listed on Johannesburg Stock Exchange and is also said to be Africa’s biggest financial service provider. It also provides wide range of business, corporate, retail and investment banking, insurance products and wealth management majority in Namibia and South Africa.