nCino, which provides cloud-based bank operating solutions to the financial services industry, unveiled new features and enhancements to the Bank Operating System during its fall conference last week.
The fall release includes a spreading engine and credit memo feature, both of which can be configured to meet client needs and were developed from customer feedback and best practices. The new features are being rolled out to current customers and will be included as part of the standard solution for new customers.
“Our Fall 2013 release sees a major reconfiguration of spreads and the introduction of the nCino credit memo,” nCino CEO Pierre Naude said. “Both features are designed to be highly configurable by the bank or credit union using them, and both permit additional functional ability for lenders and the loan approval process without leaving the Bank Operating System.”
With the new features, clients can reorganize financial analysis to include an overview, view of the borrower and co-borrower, guarantor, related entity and global analysis. The credit memo feature allows users to aggregate loan information and borrowing structure, as well as pricing and debt analysis to eliminate duplicative data entry. Custom credit memo templates can be configured to include related information.
“Customer feedback is an integral part of our product upgrade process, and the features and enhancements in this release incorporate suggestions from nCino users,” Naude said.
nCino’s user conference “nSight 2013” is a two-day event held at headquarters in Wilmington, N.C. Attendees include users from the company’s portfolio of 26 bank and credit union clients, as well as prospective customers and partners.