nCino, the worldwide leader in cloud banking, has acquired Visible Equity, a market-leading financial analytics and compliance software company based in Salt Lake City, Utah. This strategic acquisition leverages the unique strengths and joint synergies of each company to further drive and accelerate transformation in financial services.
Founded in 2008, Visible Equity is a software as a service (SaaS) company that provides portfolio management, analytics and compliance solutions to banks and credit unions. The combination of Visible Equity's advanced analytics software with nCino's best-in-class Bank Operating System brings new functionality and benefits to end users, including:
"Visible Equity is a perfect complement to our vision, mission and company culture," said Pierre Naudé, CEO of nCino. "From the very beginning, nCino's mission has been to transform financial services through innovation, reputation and speed, and we believe this acquisition will further enable us to execute on that mission. We're extremely excited to expand the nCino Bank Operating System to provide even more advanced analytics and compliance capabilities to our clients, enabling them to drive greater insights, efficiency and risk management while furthering their customer relationships."
Tara Lathrop, Supervisor of Leadership Support and Innovative Solutions at Corning Credit Union, said, "The industry is changing at a rapid pace and digital transformation and risk management is a continuous journey and challenge. Our members and employees are constantly looking for best-in-class technology, process efficiency, data insights, and risk management tools. These are the reasons why we already partnered with nCino and Visible Equity. Both companies have always had a philosophy of being able to fully support and scale with their clients and this acquisition highlights nCino's vision of being able to offer more to respond to changing industry and client needs. We're very excited about this combination, particularly as we continue to grow and scale as an organization."
"Joining the nCino team is the right move for us and a natural fit," added Brad Hansen, President and CEO of Visible Equity. "We share with them a passion for innovation, a laser-focus on customer success and a commitment to culture. A key driver of our desire to become part of the nCino family is their industry-leading Bank Operating System and ability to support a global client base of enterprise, regional and community financial institutions. We're excited to share our insights and experience and look forward to further transforming financial services together."
While Visible Equity and nCino will continue to offer their products separately to the market, the two platforms will become fully integrated to provide a seamless client and cloud-based experience, as well as an unparalleled portfolio management and regulatory compliance platform.