Florida-based Amerant Bancorp subsidiary Amerant Bank has extended its use of nCino to incorporate Retail Banking Solution and Portfolio Analytics, part of the nCino IQ (nIQ) application suite.
The latest move expanded the bank’s use of nCino beyond Commercial Banking, enabling all commercial and retail loan origination elements on one platform.
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Amerant Bank, which has around $8bn in assets, chose the nCino Bank Operating System as its technological foundation. It initially deployed nCino’s Commercial Banking Solution.
The aim was to offer commercial loans quickly, streamline workflows, and reduce manual steps.
The inclusion of nCino’s Retail Banking Solution and nIQ Portfolio Analytics to the platform is aimed at managing risk through portfolio metrics and trends more effectively and enhancing consumer banking client experience.
The Retail Banking Solution is said to help the bank provide client-focused onboarding, document management, account opening and retail lending.
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By GlobalDataThis will be supported by a coherent information flow from all parties across multiple channels and devices.
Portfolio Analytics is the vendor’s warehousing, analytics and reporting suite. It is said to enable the bank set up baseline performance metrics across various business lines for applications, deposits and loans.
The expansion of the use of nCino will remove duplicative work and streamline communications for the bank’s clients and employees, the vendor noted.
According to nCino, its offerings will translate into quicker processing times for its clients and more detailed comprehensive reporting.
nCino’s offerings are also said to provide a better experience for the bank’s employees.
nCino SVP, Community & Regional Financial Institutions Will Cameron said: “By harnessing the power of the nCino platform, Amerant is laying the groundwork for a scalable and sustainable technological foundation that will help them deliver the best products and services to their clients.”
Amerant Bank chief digital officer Roberto Isasi said: “We searched for a single platform that would help us streamline operations and create greater connections across lines of business, and we found that in the nCino Bank Operating System.”
Last October, US-based Fifth Third Bank (FTB) adopted the nCino Bank Operating System as its foundational technology platform to fast-track its digital transformation.
