{"id":564719,"date":"2024-10-31T07:48:08","date_gmt":"2024-10-31T06:48:08","guid":{"rendered":"https:\/\/ibsintelligence.com\/?post_type=ibsi_news&p=564719"},"modified":"2024-10-31T07:48:08","modified_gmt":"2024-10-31T06:48:08","slug":"ncino-strikes-135m-deal-to-acquire-fullcircl","status":"publish","type":"ibsi_news","link":"https:\/\/ibsintelligence.com\/ibsi-news\/ncino-strikes-135m-deal-to-acquire-fullcircl\/","title":{"rendered":"nCino strikes $135m deal to acquire FullCircl"},"content":{"rendered":"

\"nCino,nCino, Inc., the provider of intelligent banking solutions, has entered into a definitive agreement to acquire FullCircl<\/a>. FullCircl is a UK-based SaaS platform built to help financial institutions and regulated companies grow revenue, automate and accelerate onboarding, and improve client lifecycle management by removing regulatory and verification roadblocks.<\/p>\n

nCino and FullCircl formally partnered in 2023 to bring FullCircl\u2019s data capabilities into the nCino Platform to improve the speed, efficiency, and compliance with which financial institutions acquire, onboard, and serve clients.<\/p>\n

The companies share several mutual customers, ranging from some of the largest institutions in the UK to niche incumbents and neobanks serving the SME space.\u00a0The acquisition of FullCircl will provide nCino with new capabilities for onboarding and client lifecycle management.<\/p>\n

FullCircl offers a powerful business rules engine that can simplify the complexity of onboarding, underpinned by an array of pre-contracted premium data suppliers. Additionally, FullCircl\u2019s technology provides businesses with access to a comprehensive graph database of extensive company data, including news and insights, detailed financial information, credit scores, risk profiles, ultimate beneficial ownership, import\/export, legal notices, adverse director history and other critical profiling data.<\/p>\n

“The acquisition of FullCircl is a strategic move for nCino that will not only enhance our data and automation capabilities but also enable us to expand our reach across the UK and more broadly in Europe with an end-to-end experience for full client lifecycle management,\u201d said Pierre Naud\u00e9, Chairman and CEO at nCino<\/strong>. \u201cThis acquisition marks an exciting step forward in our mission of driving innovation and powering a new era in financial services.\u201d<\/p>\n

The purchase price for FullCircl is $135m in cash, of which $15m will be retained by nCino as security for certain warranties and covenants arising under the agreement.<\/p>\n

Andrew Yates, CEO and Co-founder at FullCircl<\/strong>\u00a0added, \u201cWe have been working with the nCino team for several years, and the close alignment in both organisations across vision, culture, customers, product and market opportunity have contributed to this exciting acquisition-making perfect sense. We both serve regulated industries that walk a tightrope between a strict operating rulebook and a mandate to deliver growth and shareholder value, all while providing a seamless client experience. This marks a significant new chapter for FullCircl as we become part of nCino.\u201d<\/p>\n","protected":false},"author":35737,"featured_media":554213,"parent":0,"template":"","categories":[11383,11382,11376,11397],"tags":[24961,38534,27257,11500,11508,11515,37975,36714,13098,11502,11406],"class_list":["post-564719","ibsi_news","type-ibsi_news","status-publish","has-post-thumbnail","hentry","category-big-data","category-cloud","category-digital-banking","category-saas","tag-business-rules","tag-client-lifecycle-management","tag-client-onboarding","tag-compliance","tag-europe","tag-fintech","tag-fintech-acquisition-news","tag-fullcircl","tag-ncino","tag-regulatory","tag-uk"],"acf":[],"yoast_head":"\nnCino strikes $135m deal to acquire FullCircl<\/title>\n<meta name=\"description\" content=\"nCino, Inc., the provider of intelligent banking solutions, has entered into a definitive agreement to acquire FullCircl.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/ibsintelligence.com\/ibsi-news\/ncino-strikes-135m-deal-to-acquire-fullcircl\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"nCino strikes $135m deal to acquire FullCircl\" \/>\n<meta property=\"og:description\" content=\"IBS Intelligence (IBSi) is the world\u2019s only pure-play Financial Technology focused research, advisory, and fintech news analysis firm, with a 30-year track record and clients globally. 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