2023/02/16 | 便利屋Reレンジャー | 未分類
nCino, a leading provider of cloud-based banking software, has signed a definitive agreement to acquire SimpleNexus, a mortgage point-of-sale platform. This strategic acquisition will allow nCino to further expand its presence in the mortgage industry and enhance its ability to offer end-to-end digital mortgage solutions.
The acquisition of SimpleNexus will bring together two industry leaders, creating an even more comprehensive platform for mortgage lenders. The combination of nCino`s commercial lending capabilities and SimpleNexus` mortgage origination platform will enable lenders to streamline operations and create a more efficient and seamless borrower experience.
“By acquiring SimpleNexus, nCino will be able to deliver a broader and deeper offering to the mortgage industry, which is a key segment of our banking clients,” said Pierre Naudé, CEO of nCino. “We are excited to welcome the talented SimpleNexus team to nCino and look forward to working closely together to help our clients succeed.”
The acquisition is expected to close in the fourth quarter of 2021, subject to customary closing conditions. Financial terms of the transaction were not disclosed.
In the fast-paced world of digital banking, this acquisition is an important strategic move for nCino. By expanding its capabilities in the mortgage industry, nCino is well-positioned to continue driving innovation and offering comprehensive solutions to its clients. With the addition of SimpleNexus, nCino is poised to become an even stronger player in the competitive fintech landscape.
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