nCino, Inc., a pioneer in cloud banking and digital transformation solutions for the global financial services industry, today announced that Rabobank Australia and New Zealand (RANZ) has selected the nCino Bank Operating System, leveraging nCino’s Automated Spreading solution, powered by nCino IQ. This partnership will benefit the bank’s Australian and New Zealand employees and customers, representing a multi-currency, cross-country commitment to provide a better banking experience.

“By partnering with nCino, we will optimize our financial spreading analysis,”

“This relationship will provide an excellent opportunity for RANZ to support our growing customer base and modernize our systems. We’re delighted that nCino’s technology will enable us to offer our customers and employees a better banking experience.”

                                                                     Alexa Glynn, Chief Operating Officer at RANZ.

One of Australia’s and New Zealand’s largest agricultural lenders and a significant supplier of business and corporate banking services to the country’s food and agribusiness sector is Rabobank, the world’s top specialized food and agribusiness bank.

By implementing the nCino Bank Operating System, RANZ gets a digital tool that, by utilizing machine learning and optical character recognition, intelligently alters the dissemination of financials (OCR).

“Rabobank’s customers value their relationship managers’ close connection to their business. To effectively build on this connection, Rabobank Australia and New Zealand procured a platform that can leverage artificial intelligence (AI), machine learning and analytics to increase data automation and generate meaningful insights,”

“We’re excited to partner with RANZ to help them achieve their goals and enhance their services through digital transformation. This partnership will enhance RANZ’s commitment to creating value for their customers, employees and the communities in which they do business.”

                      Mark Bernhardi, Managing Director of Australia and New Zealand at nCino.

By drastically reducing the time it takes to spread and process documents with nCino’s Automated Spreading system, RANZ will be able to increase its profitable portfolio through faster and higher-quality credit judgments. The institution will be able to automate low-complexity, high-volume tasks by implementing such solutions, giving its staff more time to concentrate on improving client connections.