nCino, Inc., a pioneer in cloud banking and digital transformation solutions for the global financial services industry, today announced its partnership with Ashman Bank, a new entrant bank with plans to transform the banking experience for UK property SMEs, a £90bn market opportunity. Ashman Bank, which was awarded the UK’s first new banking license in 2022, has selected nCino’s Bank Operating System as its foundational technology for its life cycle property finance solution, from refurbishment right through to development and investment.

Over four-fifths (84%)[2] of SMEs in the commercial real estate sector are dissatisfied with the industry’s delayed decision-making and rigid credit options. Ashman Bank seeks to change this with its digital-first and cloud-based approach to commercial real estate financing. By putting nCino into practice, Ashman Bank will provide goods and services that give people the information and incentives to develop the sustainable structures and practices of the future. This will also make it simpler for SMEs to access the appropriate financing for their requirements, delivered quickly, automatically, and specifically.

“Partnering with nCino takes us one step closer to being able to transform the banking experience for property SMEs,”

“nCino gives us the best and most efficient platform for us to realize our ambitions as a digital-first bank, and we believe that together we can create a meaningful change in the UK real estate market.”

                                            Caroline Luxmore, Chief Commercial Officer at Ashman Bank.

“Ashman Bank is an ambitious new entrant that will provide real estate lending for conscientious businesses in the UK. It is bringing an innovative approach to commercial real estate, and nCino can help the Ashman team execute, grow and adapt as the bank expands,”

“We’re proud to be playing a role in Ashman’s launch.”

                                                           Charlie McIver, Managing Director, EMEA at nCino.