Participate Announces Integration with nCino’s Cloud Banking Platform
LITTLE ROCK, Ark., April 23, 2024 — Participate, the first patented loan participation automation platform, is excited to announce a transformative integration and partnership with nCino (NASDAQ: NCNO), the worldwide leader in cloud banking. This collaboration will revolutionize loan trading by seamlessly integrating Participate’s capabilities within nCino’s Commercial Loan Origination System.
The integration enables financial institutions to automate and optimize their loan participation process for new and existing loans within a secure network of over 300 banks and credit unions. By leveraging Participate’s advanced technology, nCino clients can now efficiently manage participations, enhance balance sheet management, and mitigate risks associated with loan concentration.
“We are thrilled to partner with nCino and bring our patented loan participation automation to their extensive client base,” said Matt Johnner, President and Co-Founder of Participate. “This integration empowers financial institutions to increase lending capacity, boost non-interest income, and strategically manage their loan portfolios, all while ensuring a streamlined and secure participation process.”
Key benefits of the Participate and nCino integration include:
- Automated Back-Office Tasks: Streamline operations and reduce manual effort by automating key functions such as interest rate change notices, payment calculations, and loan history tracking.
- Enhanced Efficiency: Free up valuable time and resources, allowing financial institutions to focus on strategic growth initiatives and customer relationships.
- Increased Fee Income: Gain access to a broader pool of loan opportunities and generate additional non-interest income through participation fees.
- Improved Liquidity: Manage loan concentration risk and optimize balance sheet liquidity by engaging in loan participations with a trusted network of financial institutions.
- Strengthened Risk Management: Mitigate credit risk exposure and ensure compliance with lending limits through a secure and transparent participation process.
The integration of Participate and nCino will be showcased at the upcoming nCino nSight conference, taking place May 13-15, 2024, in Charlotte, North Carolina. Attendees can learn more about the partnership during the session “Participations: Increase Lending While Managing Risk & Efficiency,” presented by Matt Johnner and Ken Katz from Participate, alongside Jon Perry from nCino.
This strategic partnership marks a significant milestone in the evolution of loan participations, combining nCino’s market-leading cloud banking platform with Participate’s innovative loan automation technology. Financial institutions can now benefit from a seamless, end-to-end solution that streamlines the participation process, reduces operational complexity, and enables them to grow their lending business with confidence.
To schedule a meeting with the Participate team at nCino nSight 2024 or to learn more about the integration, please visit https://participateloan.com/ or contact sales@participateloan.com.
About Participate Participate is the first patented loan participation automation platform, revolutionizing the way financial institutions buy, sell, and manage loan participations. By automating back-office tasks and providing a secure network for collaboration, Participate empowers banks and credit unions to increase lending capacity, mitigate risk, and drive profitability. Since 2016, Participate has facilitated over $5 billion in loan participations across a network of more than 300 financial institutions. For more information, visit www.participateloan.com.
About nCino nCino (NASDAQ: NCNO) is the worldwide leader in cloud banking. The nCino Bank Operating System® empowers financial institutions with scalable technology to help them achieve revenue growth, greater efficiency, cost savings and regulatory compliance. In a digital-first world, nCino’s single cloud-based platform enhances the employee and client experience to enable financial institutions to more effectively onboard clients, make loans and manage the entire loan life cycle, and open deposit and other accounts across lines of business and channels. Transforming how financial institutions operate through innovation, reputation and speed, nCino is partnered with more than 1,800 financial institutions of all types and sizes on a global basis. For more information, visit www.ncino.com.