Fintech: Southeast News

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010521

Posted January 05, 2021

WILMINGTON- Fintech nCino Inc. (NASDAQ: NCNO), which sells cloud banking and digital transformation solutions for the global financial services industry, says Mitsubishi UFJ Capital has acquired an equity stake in its Tokyo subsidiary.

Mitsubishi Capital is the venture capital arm of the Mitsubishi UFJ Financial Group, and SMBC Venture Capital Co., Ltd., an affiliate of Sumitomo Mitsui Banking Corp.

The company also said it has named Itsuki Nomura, formerly of Dell Technologies, has been named general manager of nCino’s Tokyo office.

nCino partnered with Japan Cloud in 2019 to establish nCino K.K., after previously opening offices in London, Toronto and Sydney, to expand its international presence and help transform the Japanese financial services industry.

nCino’s cloud-based platform, the nCino Bank Operating System, enables financial institutions around the globe to increase profitability, productivity and operational efficiency while improving the employee and client experience.

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