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Desjardins picks nCino for all-in-one platform solution.

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TLDR:

  • Desjardins has selected nCino’s Automated Spreading Solution to automate the loan origination process through machine learning.
  • By leveraging nCino’s platform, Desjardins aims to increase operational efficiency and enhance client experiences.

In a recent announcement, Desjardins, the largest cooperative financial group in North America, has chosen nCino’s Automated Spreading Solution to automate the loan origination process through machine learning. This decision comes after Desjardins successfully implemented nCino’s Small Business and Commercial Banking Solutions in 2022, allowing them to increase the speed of their loan origination process and eliminate unnecessary wait times for members and clients.

With the addition of nCino’s Automated Spreading functionality, Desjardins aims to further streamline the underwriting process, enhance financial statement data capture, and improve the speed and quality of credit decisions. This solution covers multilingual documents and multi-currency financial statements, making the process smoother for Desjardins’ clients and members.

Jean-Yves Bourgeois, Executive Vice-President of Business Services at Desjardins, emphasized the organization’s commitment to offering innovative digital solutions to minimize delays and wait times for members and clients. By partnering with nCino, Desjardins seeks to maintain a leadership position in providing a seamless user experience.

Greg Wipke, Vice President of Sales, Canada, at nCino, commended Desjardins for their forward-thinking approach to technology adoption and expressed pride in strengthening the partnership. The collaboration between Desjardins and nCino is expected to create greater operational efficiencies across the credit decisioning processes and enhance client experiences.

Overall, Desjardins’ selection of nCino’s Automated Spreading Solution represents a significant step towards leveraging technology to improve loan origination processes and client interactions in the financial services industry.

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