Print
Banking & Finance

NCino Expands To Japan

By Johanna Cano, posted Oct 28, 2019
Wilmington-headquartered nCino announced Monday that it was expanding to Japan with the creation of a new subsidiary, nCino K.K. (File photo)
Wilmington-based nCino is expanding to Japan through its partnership with Tokyo-based Japan Cloud, according to a news release Monday.

With the partnership, nCino has created a new subsidiary, nCino K.K., which will “meet the growing demands of financial institutions in Japan looking to digitally transform their operations and improve efficiency,” as stated in the release.

nCino’s expansion to Japan comes a few weeks after the company raised $80 million in funding, which officials said would be used for product innovation and global expansion.

"We are pleased to announce the commencement of operations in Japan affirming our commitment to this market," Pierre Naudé, CEO of nCino, said in the release. "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." 

Japan Cloud is a firm that helps software as a service businesses succeed in the Japanese market. It has helped build the Japanese operations of Salesforce and Oracle, among others, according to its website.

With its presence in Tokyo, nCino plans on establishing office space and adding employees.

“Consistent with our approach to establishing other offices in markets outside of the United States, our primary strategy for Japan is to hire local talent to ensure credibility and knowledge of the region,” nCino officials said in an email Monday. “We will complement that expertise by selectively seeding key roles from our headquarters in Wilmington.”

With this expansion, nCino, which is recognized as a “unicorn” for its valuation of over $1 billion, now operates in four continents.

Besides its headquarters in Wilmington, nCino has offices in Salt Lake City, Utah; Toronto; London; and Sydney.

Hidenori Tamua, finance industry and enterprise sales area vice president at Salesforce, a long-time investor in nCino, said nCino K.K. will bring expertise for financial institutions in Japan looking for technology to compete in the digital era.

"Japan is the third-largest economy in the world and there is a growing appetite from the leading financial institutions here to modernize their legacy systems amid evolving customer expectations and digital trends," Aruna Basnayake, CEO of Japan Cloud, said in the release. “… 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.”
Ico insights

INSIGHTS

SPONSORS' CONTENT
Leath 683x10242

How to Avoid A Nightmare Holiday Party

Lisa Leath - Leath HR Group
Burrus rob headshot 300x300

T’was The Last Month Of The Year

Robert Burrus - Cameron School of Business - UNC-Wilmington
Mike stonestreet 300x300

When And How To Make Changes To Your Association's Governing Documents

Mike Stonestreet - CAMS (Community Association Management Services)

Trending News

White, Olson-Boseman Talk Hospital, Unlikely Partnership At Power Breakfast

Cece Nunn - Dec 12, 2019

Local United Way CEO Retires

Cece Nunn - Dec 11, 2019

With New Record, ILM Eyes 1M Passengers For 2019

Christina Haley O'Neal - Dec 11, 2019

In RiverLights, Firm Buys Land For 250 Apartments

Cece Nunn - Dec 12, 2019

Midtown Center Welcomes New Tenants, Revamped Store

Cece Nunn - Dec 13, 2019

In The Current Issue

NHRMC Building Plans Continue

Even though New Hanover Regional Medical Center’s future ownership status remains up in the air, the health system has not pulled back on it...


Can Tech Giants Break The Bank?

Are tech companies aiming to supplant banks, or are they moving into the realm as partners with established banks to help banks improve thei...


A Wave Of Woes

While recent projects mark major milestones for the Cape Fear Public Transportation Authority, which does business as Wave Transit, the agen...

Book On Business

The 2019 WilmingtonBiz: Book on Business is an annual publication showcasing the Wilmington region as a center of business.

Order Your Copy Today!


Galleries

Videos

2019 Health Care Heroes
August 26, 2019 Power Breakfast: A Healthy Sale?
2019 WILMA Leadership Accelerator
2019 WilmingtonBiz Expo Keynote Lunch - CEO, nCino, Pierre Naude`