nCino, which sells cloud-based bank operating software, scored a new client in its home state.
Square 1 Bank in Durham, N.C., announced Thursday it will use software from nCino LLC.
The bank will use document management, loan origination and reporting software from nCino, which is based in Wilmington. The software will eliminate spreadsheets and duplicate loan documents by organizing and automating loan data, nCino said. The product comes with reporting and dashboard features designed to provide banks clarity on their existing loan production pipelines, portfolios and operating efficiencies.
Square 1 is a commercial bank with offices in 10 U.S. cities.