Fintech firm nCino has purchased Visible Equity, which offers portfolio management, analytics and compliance solutions to banks and credit unions.
Financial terms of the deal were not disclosed.
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The acquisition combines Visible Equity’s analytics software with nCino’s cloud-based Bank Operating System.
Even though the two companies will integrate their platforms, they will market their products separately.
Visible Equity president and CEO Brad Hansen said: “A key driver of our desire to become part of the nCino family is their industry-leading Bank Operating System and ability to support a global client base of enterprise, regional and community financial institutions.”
The Bank Operating System of nCino combines a range of capabilities including customer relationship management, customer onboarding, loan origination, credit analysis, enterprise content management and instant reporting.
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By GlobalDataRecently, various banks selected the platform to improve their digital capabilities.
Among them are Westfield Bank, South State Bank, S&T Bank, and Project BankNorth.
nCino CEO Pierre Naudé said: “From the very beginning, nCino’s mission has been to transform financial services through innovation, reputation and speed, and we believe this acquisition will further enable us to execute on that mission.
“We’re extremely excited to expand the nCino Bank Operating System to provide even more advanced analytics and compliance capabilities to our clients, enabling them to drive greater insights, efficiency and risk management while furthering their customer relationships.”
