Ncino
“Can a single cloud platform become the operating system that every bank and credit union uses to run lending, deposits, KYC, and treasury workflows end-to-end?”
Founded in 2012 as a cloud-based operating system for banks and credit unions, nCino built a single-platform loan origination, deposit account opening, and compliance workflow tool on Salesforce. Over time it expanded from pure LOS into treasury management, KYC/identity verification (via nCino Identity Solutions), and portfolio analytics, positioning itself as the full-stack 'Bank Operating System' rather than a point solution. Its 2020 IPO validated the enterprise SaaS-for-banks model. Post-IPO, nCino deepened its embedded-finance partnerships (Plaid, Alloy, Codat) to add open-banking data and automated underwriting to its origination workflows, increasingly enabling the banks it serves to act as embedded finance infrastructure themselves.