Wilmington-headquartered nCino was recently included on a list of the world’s top 250 fintech companies.

Compiled by CNBC and market research firm Statista, the list highlights top fintech companies based on key performance indicators. Inclusion on the list “reinforces nCino’s reputation as a company that has an innovative impact on financial services globally,” a company news release stated.

nCino, which was founded in 2011, offers a cloud-based platform that streamlines back- and front-end processes for commercial, small-business and consumer lending at regional and community banks. 

The firm was one of 25 companies selected in the list’s Banking Solutions category, which included banking-as-a-service platforms, open banking services and digital banking solutions, according to CNBC.

The company is “exceptionally proud” of the recognition, nCino CEO and board chairman Pierre Naudé wrote in the release.

"We continue to be driven by our mission of transforming financial services, and this recognition reflects both our roots as a pioneer in cloud banking and our evolution as a partner to financial institutions modernizing their operations through data, AI, intelligent automation, and best-in-class experiences,” Naudé wrote. “For us, innovation is not just a mindset – it’s our culture and motivation."

Fintechs considered for the list include companies that nominated themselves along with those identified through Statista analysis. The list is compiled based on the analysis and weighting of overarching key performance indicators across multiple categories, according to the nCino release.

“The segment-specific KPIs were derived from the collection of publicly available data points and an open online application process. Out of 2,000 eligible companies, nCino was selected due to the Company’s positive financial standing and innovative impact throughout the markets it serves,” the release stated.

CNBC and Statista note that the fintech industry has faced recent challenges with global venture funding declining from highs in 2020 and 2021 as the market finds a new normal.

“Despite struggles facing the sector, innovation is continuing to happen – with artificial intelligence a key theme this year,” CNBC and Statista state in the list’s introduction. “Fueled by technological advancements, expanding global markets, and collaborative leadership, companies are shaping the future of financial services.”