Company's Gen AI tool, powered by nCino IQ (nIQ), delivers real-time

    intelligence and optimizes decision-making with data-driven insights for
           financial institutions across asset sizes and geographies
  Participants of Banking Advisor's closed beta testing Product Design Program

finding efficiency gains through employee time savings and proactive portfolio
management
WILMINGTON, N.C., June 17, 2024 (GLOBE NEWSWIRE) -- nCino, Inc.
(https://www.ncino.com/?utm_source=Media&utm_medium=Press-
Release&utm_campaign=Banking-Advisor) (NASDAQ: NCNO), a pioneer in cloud banking
for the global financial services industry, today made generally available its
new artificial intelligence (AI) solution, Banking Advisor
(https://www.ncino.com/banking-advisor?utm_source=Media&utm_medium=Press-
Release&utm_campaign=Banking-Advisor). nCino's Banking Advisor is a banker-
focused, conversational co-pilot tool that provides financial institutions a
modern approach to proactive portfolio management, helps streamline routine
tasks to save significant time and effort, and takes the guesswork out of
complex processes to help financial institutions track and comply with
regulatory requirements.
The intelligence and automation embedded in Banking Advisor allow multiple roles
at an institution to increase productivity and spend time on higher-value
activities like building and maintaining client relationships. The solution is
powered by nCino IQ (https://www.ncino.com/solutions/ncino-
iq?utm_source=Media&utm_medium=Press-Release&utm_campaign=Banking-Advisor)
(nIQ), which was introduced in 2018 and leverages AI, machine learning and
analytics to deliver intelligent automation, data-driven insights and industry
benchmarks that create an enhanced user experience and deliver greater value to
customers utilizing the nCino Cloud Banking Platform (https://www.ncino.com/our-
platform?utm_source=Media&utm_medium=Press-Release&utm_campaign=Banking-
Advisor).
nCino's Banking Advisor leverages large language models to drive real-time
information awareness, provide suggestions for next actions, and offer
insightful interactions with information, documents and objects to unlock new
value. The co-pilot is thoughtfully designed with a set of unique skills to meet
the modern demands of relationship banking and represents an innovative leap in
Gen AI-assisted financial service capabilities.
The initial version of Banking Advisor includes the following skills, with more
being developed:
* Interactive Documents: Enabling bankers to "chat" with any PDF document such

    as credit policies, training materials, market data, how-to guides, etc.
  * Intelligent Automation: Automated writing of new deal and credit memo

narratives, evolving a previously manual task and reducing human error using

    the narrative skill embedded in the tool
  * Data-Driven Insights: Offering of conversational industry benchmarks and
    insights via a chat interface, helping bankers ask questions about the data
    to determine best next steps for the business
  * Advanced Processing: Streamlined document upload process by scanning the
    data and categorizing information to associate the scanned data with the
    appropriate relationship
  * Query Response: Answering specific banker questions based on uploaded
    documentation, such as:
      * "Can I originate a loan with a loan-to-value (LTV) ratio of 80% for a
        commercial property in California, given our current credit policy?";

* "What are the documentation requirements for a construction loan with an

        LTV ratio above 80%?"; and
      * "How do I initiate a loan approval request for a large commercial loan,
        and what are the required approval roles?"

The Customer Experience
Banking Advisor operates exclusively on the data provided by the individual
financial institution, ensuring a tailored and precise user experience.
Participants of the Product Design Program, nCino's closed beta program that
represents various geographies and asset sizes, have pioneered Banking Advisor's
functionality, confirming optimized processes and providing valuable first-hand
perspectives.

  * "We're proud to be participating in nCino's Product Design Program for
    Banking Advisor, investigating the functionality and providing critical
    feedback as we explore the potential of incorporating Gen AI into our
    operations. We consider ourselves a forward-thinking institution that
    continuously looks to provide exceptional experiences to our clients and
    bankers, and the partners we choose to help us innovate responsibly with
    joint expertise. We're excited about the capabilities nCino is bringing to
    market and the opportunities we have to partner into the future." - Tyler
    Craft, SVP and Director of Transformation, Fintech & Emerging Tech, First
    Horizon Bank
  * "We chose nCino as our cloud banking partner in 2016 because of their
    commitment to efficient transformation and their relentless pursuit of
    cutting-edge technology. By using Banking Advisor, banks like Northern Bank
    can now shift towards optimization for efficient workflows and use the Gen
    AI tool to make data work for them versus working for the data. nCino's
    flexible technologies and unified platform enable us to build the

intelligent automation into our business and deliver the personalization our

    customers expect. It was an easy decision to become an early adopter and
    pioneer this innovative co-pilot." - Christopher Hart, Chief Data Officer,
    Northern Bank

"Since nCino's inception, we've been committed to transforming the financial
services industry through innovation, reputation and speed," said Donald
Permezel, General Manager of Product at nCino. "As financial institutions
recognize the tremendous potential of AI to reshape their operations, there is a
concerted effort to incorporate these technologies to achieve differentiation in
the marketplace and enhance user experiences. We're pleased to offer innovative
solutions that not only make an immediate impact for our customers, but that
also have the ability to evolve and become more insightful as adoption
increases."
About nCino
nCino (NASDAQ: NCNO) is the worldwide leader in cloud banking. Through its
single software-as-a-service (SaaS) platform, nCino helps financial institutions
serving corporate and commercial, small business, consumer, and mortgage
customers modernize and more effectively onboard clients, make loans, manage the
loan lifecycle, and open accounts. Transforming how financial institutions
operate through innovation, reputation and speed, nCino is partnered with more
than 1,800 financial services providers globally. For more information, visit
www.ncino.com
(https://www.globenewswire.com/Tracker?data=ZIAmuokhrkvBfvYoioAmZgZBK1kq8OLD5dVq
HDkDNEkW6T8B7G0Foi80GesybqXXhYsOnob1CYkBetkcE1VxCgOOsJsIfq6h2wCkQzYTtexCax6vVZgG
_yXnNaWRMJlxkYJUqHdZoaZ5bd3wHd2euVJnjOyp1wT5j3P2MgyRXBNkCCPWIYx_yLYQFuGLnZHzlFWz
l7LMuWFSGymjG914N79nZ6eeNgNHufD28kaDbz8=).
About First Horizon Bank
First Horizon Corp. (NYSE: FHN), with $81.8 billion in assets as of March
31, 2024, is a leading regional financial services company, dedicated to helping
our clients, communities and associates unlock their full potential with capital
and counsel. Headquartered in Memphis, TN, the banking subsidiary First Horizon
Bank operates in 12 states across the southern U.S. The Company and its
subsidiaries offer commercial, private banking, consumer, small business, wealth
and trust management, retail brokerage, capital markets, fixed income, and
mortgage banking services. First Horizon has been recognized as one of the
nation's best employers by Fortune and Forbes magazines and a Top 10 Most
Reputable U.S. Bank. More information is available at www.FirstHorizon.com
(https://urldefense.com/v3/__http:/www.FirstHorizon.com__;!!E6kGQnY!N2emk8DX5N_v
RwSHHiPzP8I-OJQ74RzbZh9f-UUOVS_xrx6Dwq6epqQCSfaxVHmBWGsdJpy_QS9-
luWs_Hk6p2zil9v__dmeAA$).
About Northern Bank
Northern Bank is a full-service bank dedicated to providing practical, common
sense financial solutions to help our customers' lives and businesses grow. From
deposit products to loans to payment and collections services, we work hands on
with our entrepreneurial customers, both locally and across the country, to
provide the financial support they need to realize their personal and business
goals. Founded in 1960, Northern Bank has 13 locations serving communities
throughout Middlesex County. Northern Bank is a Member of the FDIC, and an Equal
Housing Lender.
Media Contacts
Natalia Moose
press@ncino.com (mailto:press@ncino.com)
Safe Harbor Statement
This press release contains forward-looking statements within the safe harbor
provisions of the Private Securities Litigation Reform Act of 1995. Forward-
looking statements generally include actions, events, results, strategies and
expectations and are often identifiable by use of the words "believes,"
"expects," "intends," "anticipates," "plans," "seeks," "estimates," "projects,"
"may," "will," "could," "might," or "continues" or similar expressions. Any
forward-looking statements contained in this press release are based upon
nCino's historical performance and its current plans, estimates, and
expectations, and are not a representation that such plans, estimates, or
expectations will be achieved. These forward-looking statements represent
nCino's expectations as of the date of this press release. Subsequent events may
cause these expectations to change and, except as may be required by law, nCino
does not undertake any obligation to update or revise these forward-looking
statements. These forward-looking statements are subject to known and unknown
risks and uncertainties that may cause actual results to differ materially
including, among others, risks and uncertainties relating to the market adoption
of our solution and privacy and data security matters. Additional risks and
uncertainties that could affect nCino's business and financial results are
included in reports filed by nCino with the U.S. Securities and Exchange
Commission (available on our web site at www.ncino.com (http://www.ncino.com/)
or the SEC's web site at www.sec.gov (http://www.sec.gov/)). Further information
on potential risks that could affect actual results will be included in other
filings nCino makes with the SEC from time to time.
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