Shawbrook taps nCino for automated SME loan origination

Purpose: Shawbrook Bank has chosen nCino’s platform to automate loan origination and portfolio management processes.
Functionality: The platform will automate complex lending processes, optimize client portfolios, and support a wide range of lending products. It includes features like automated workflows, document management, real-time reporting, and onboarding.
Risk Management: Shawbrook will use the platform to reduce risk, achieve data consistency, and enhance credit risk management. It will also implement nCino’s automated spreading solution for credit analysis and risk decisioning.
Technology: The solution is powered by nIQ, which includes AI and machine learning tools to improve the speed and quality of credit decisions.
Expected Outcomes: Shawbrook CTO Russ Thornton anticipates improved customer and employee experiences through process automation and intuitive user interfaces.
Strategic Expansion: The implementation aligns with Shawbrook’s expansion of its market footprint and client portfolios, coinciding with its recent acquisitions and integrations to enhance commercial lending and streamline business finance payments.