nCino: International Banks Lag U.S. Peers in Digital Transformation

Digital transformation can come even to industries where change happens slowly. As the financial services industry grapples with the rapid pace of digital transformation, cloud banking has emerged as an enabler of innovation, agility and cost efficiency. By leveraging cloud computing, financial institutions can streamline operations, enhance customer experiences and accelerate the development of new products and services. That’s the space where software providers like nCino , which on Tuesday (Aug. 27) reported its second quarter 2025 earnings, play — giving them a unique insight into the banking sector’s ongoing evolution. “In the U.S. it’s a volume business; we don’t see as many very large transformation initiatives as we did in the past … in the EU, it is lumpy. They are somewhat behind the U.S., and the pipeline is seeing bigger transformation deals,” said Pierre Naudé , chairman and CEO at nCino. nCino sells to financial institutions, enterprise banks, regional banks, community banks and credit unions, and the majority of its revenue comes from the U.S. “Platform deals, where they buy everything from us, that moves the needle,” Naudé said. “In Europe, they prefer point solutions.” nCino’s total revenues for the second quarter were $132.4 million, a 13% […]

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