A team of bankers and entrepreneurs who found the commercial lending process to be “inefficient and time-consuming” formed the company seven years ago. nCino has developed a self-described “end-to-end” SaaS solution, dubbed the nCino Bank Operating System, in an effort to help banks “ increase transparency, efficiency and profitability while ensuring regulatory compliance,” according to nCino’s website. nCino says it integrates with a bank’s transactional systems, “while replacing point solutions and manual-based processes.” One of the co-founders, James (Chip) Mahan III, is also chairman and CEO of Live Oak Bank. The system was first implemented there and then began attracting interest from other banks. Today, over 1,100 financial institutions in multiple countries are using nCino, the company said.

https://news.crunchbase.com/news/founded-by-bankers-for-bankers-north-carolina-based-fintech-startup-ncino-raises-80m/