OneSavings Bank (OSB) has forged a strategic alliance with nCino, Inc. (NASDAQ: NCNO), a global leader in cloud banking solutions. The partnership aims to propel OSB’s mortgage and lending operations into the future, leveraging nCino’s cutting-edge cloud-based platform.
As the UK mortgage industry grapples with shifting customer demands and regulatory dynamics, OSB is stepping up its innovation game. The collaboration with nCino signifies OSB’s commitment to embracing technology to navigate challenges and deliver top-notch services to its diverse customer base.
The nCino platform will serve as a game-changer for OSB, streamlining traditionally cumbersome processes such as underwriting and loan origination. By transitioning to a fully configurable, single platform solution, OSB aims to enhance the efficiency of its lending practices and stay agile in response to economic shifts and changing interest rates.
OSB, a key player in specialist mortgage lending, is taking a leadership role in the UK lending market by adopting nCino’s innovative approach. The move positions OSB to not only meet but exceed customer expectations by providing a seamless and superior experience for both customers and brokers.
With the nCino partnership, OSB gains the flexibility needed to adapt swiftly to new demands and continuously monitor the economic environment. The platform empowers OSB to pivot with speed, ensuring it remains at the forefront of the industry’s evolution while maintaining regulatory compliance and delivering outstanding customer service. This trending US fintech news is trending as it will drive innovation.
This bank-fintech partnership between OSB and nCino marks a significant milestone in the financial services landscape, showcasing the power of digital transformation to revolutionize traditional banking processes.
“Our goal is to be recognised as the UK’s number one choice of specialist bank through our commitment to exceptional service, strong relationships and competitive propositions, helping customers, colleagues and communities prosper. I’m looking forward to the journey ahead of us with nCino and the added flexibility and agility we will gain by implementing the platform,” said Matthew Baillie, Group Chief Transformation Officer at OSB Group.
“nCino will enable OSB to further streamline its lending processes and drive efficiency while maintaining focus on providing outstanding customer service,” said Thomas Chaplin, Head of Mortgage Product, EMEA at nCino. “By leveraging the power of a single platform, nCino can help mortgage providers, borrowers, and brokers alike to benefit from enhanced efficiency and transparency throughout the entire lending process. The exciting partnership between nCino and OSB are just the latest example of this tech-driven revolution that is modernising the mortgage industry in the UK and we’re incredibly proud to be partnered on this initiative.”
To know more about other trending usecases in the US financial services industry, like Generative AI, Open Banking, Buy Now Pay Later (BNPL), explore our other insights.
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