Cloud banking specialists nCino has announced a further expansion of its operations following an agreement with Tokyo-based professional services firm, Japan Cloud.
Following the growth in demand from financial institutions in Japan, the new subsidiary (nCino K.K.) is set to support the digitalisation of banking operations.
“Japan is the third largest economy in the world1 and there is growing appetite from the leading financial institutions here to modernise their legacy systems amid evolving customer expectations and digital trends,” said Aruna Basnayake, CEO of Japan Cloud.
“As a market-leading provider of cloud-based digital banking solutions in North America and Europe, we believe there is significant potential for nCino’s Bank Operating System in this region.
“nCino’s strong reputation globally and Salesforce expertise makes us confident that nCino K.K. can have an immediate and lasting positive impact on financial services in Japan.”
The firm already possesses a foothold in London, Sydney, Toronto and Salt Lake City in addition to its worldwide headquarters in Wilmington, N.C., U.S.A.
The new offices is expected to support the firm’s growth and present further business opportunities; the firm works with over 250 financial institutions globally.
“We are pleased to announce the commencement of operations in Japan affirming our commitment to this market,” added Pierre Naudé, CEO of nCino.
“As appetite for cloud technology has increased due to operational demands as well as growing customer expectations for faster, more convenient and innovative banking services, we are confident that Japan Cloud is the ideal partner to help us navigate this new market, build a successful business in the region and effectively deliver our Bank Operating System.
“Additionally, we look forward to building upon Salesforce’s proven track record of success in this market and are excited to support Japanese financial institutions through innovation, reputation and speed.”
The nCino Bank Operating System is a single, end-to-end SaaS solution for financial services built upon the Salesforce platform, who invested heavily in the cloud-focused firm in 2018.
Hidenori Tamura, Area VP, Finance Industry, Enterprise Sales at Salesforce, commented: “We view the establishment of nCino K.K. as exciting news for financial institutions in Japan looking for technology that provides the scale and agility necessary to compete in the digital era.
“nCino K.K. will bring together nCino’s proven success record of delivering measurable and meaningful results to financial institutions with Salesforce and Japan Cloud’s deep expertise and experience growing SaaS businesses in this region.”
