WILMINGTON – The Wilmington-headquartered nCino (NASDAQ: NCNO) has landed Japanese financial institution Kiraboshi Bank for its nCino Bank Operating System with the help of IBM Japan.
According to a company statement, nCino and IBM worked with the approximately $44 billion banking institution “to enhance its business financing, part of its journey to create a single, cloud-based platform to better serve its business clients.”
“IBM Japan has been supporting the digital transformation of financial institutions in the banking industry for many years,” said Yuji Sonku, Senior Partner, Financial Services, IBM Consulting. “We are very pleased that we were able to contribute to the successful implementation of the nCino platform at Kiraboshi Bank and look forward to helping more Japanese financial institutions shift their lending operations to the cloud.”
The IBM team helped the bank identify and implement a solution in order to automate processes and improve operations, the statement noted.
“We’re extremely proud of the work we’ve done alongside IBM Japan,” said Itsuki Nomura, the general manager of nCino’s Tokyo office which opened in 2019. “Supported by nCino’s best-in-class software, Kiraboshi will contribute to the local community by providing comprehensive financial services to small and medium-sized enterprises (SMEs) and individual customers in Tokyo.”
Kiraboshi Bank is owned by Tokyo Kiraboshi Financial Group.
In 2019, nCino partnered with Japan Cloud to establish nCino K.K., after the company had also opened offices in London, Toronto, and Sydney. In 2020, Mitsubishi UFJ Capital acquired an equity stake in nCino K.K., WRAL TechWire previously reported.
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