If you’re not one of the Big Banks of the world, you may not have the resources to develop and overhaul online banking services. That’s where a third-party player comes in, and one of them, nCino, is tapping into the spirit of collaboration to help banks get on the cloud.
The company will be working with consultancy firm West Monroe, reports said on Monday (Dec. 28). NCino, which provides banks with its Bank Operating System to help them launch cloud-based services surrounding loan document management, has named West Monroe as its latest partner.
The collaboration is an effort “to bring a new suite of treasury management sales and onboarding tools to market through nCino’s Bank Operating System,” said West Monroe in a statement. Reports noted that their partnership will offer the treasury management aspects of nCino's Bank Operating System to West Monroe clients.
“A number of our clients are looking to differentiate themselves in the commercial banking market and recognize treasury management as an essential source of revenue and a key opportunity to build long-term relationships,” said West Monroe Partners Director of Banking Practice Neil Hartman. “As we advised our clients through this process, we saw a significant need for more automation in the sales, on-boarding and management process.”
In a separate statement, nCino EVP of Strategic Channels and Alliances Davis Brannan said the collaboration will speed up the pace with which the company delivers treasury management capabilities to banking players.
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According to reports, nCino has also partnered with other consulting and software companies, including Salesforce and PrecisionLender.