Banking tech provider Nymbus raises $53m in Series C funding.

US-based Fifth Third Bank (FTB) has partnered with cloud banking and digital transformation solutions provider nCino.

Under this partnership, FTB has adopted the nCino Bank Operating System as its foundational technology platform to fast-track its digital transformation.

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FTB will streamline its commercial banking business and provide a digital solution that connects employees, clients and third parties on one platform.

nCino provides clients with a unified platform to complete workflows, client onboarding, loan origination, deposit account opening, and real-time analytics while managing regulatory compliance.

nCino CEO Pierre Naude said: “We are extremely proud to be working with Fifth Third. The progress that has been made to reengineer the Bank’s processes and workflows for the benefit of their employees and clients is a testament to their team and the strength of our relationship.

“By embracing the nCino platform, Fifth Third has the tools necessary to provide seamless integration of touch and technology and achieve their mission of wholesale excellence.”

FTB EVP and chief information officer Jude Schramm said: “The nCino platform offers capabilities that allow us to innovate faster and serve commercial clients in a more efficient way.”

FTB EVP and head of commercial banking Kevin Lavender added: “The nCino Bank Operating System will offer our employees a more streamlined platform to serve our clients through unique, value-added, and digitally-driven products and services.

“In today’s world, speed, convenience and digital capabilities are paramount, and nCino was the clear provider for our commercial banking business.”

Last week, British banking group Barclays also adopted the nCino Bank Operating System to streamline its customer onboarding processes.