Alba Bank adopts nCino platform to streamline SME lending

By Gloria Methri

Alba Bank has adopted the nCino Cloud Banking Platform to streamline its lending applications and support small and medium-sized businesses (SMEs) in the UK.

As a secure cloud-based solution, the nCino will help to ensure Alba has a streamlined end-to-end lending process from loan application to fund disbursement. As Alba grows and evolves, it will offer a scalable, cutting-edge SME lending framework that complements its commitment to providing quick lending decisions.

Integrating with Alba’s core banking engine, the nCino platform will enable the submission of loan applications, the monitoring of progress, and the digital sharing of loan decisions, helping to reduce the time from application to review.

Alba was earlier this year, granted its banking license by the UK Prudential Regulatory Authority (PRA) and the FCA, allowing it to move into mobilisation, during which time it is focused on building out its team, operations, and infrastructure.

With full regulatory approval pending, this partnership with nCino will help to ensure that the bank is technically and operationally ready to begin lending on day one.

Andrew Lewis, Chief Risk Officer for Alba Bank said, “To build Alba, we partnered with the very best technology providers in their fields to offer our customers a first-class banking experience. Partnering with nCino underlines this approach. nCino’s highly regarded Cloud Banking Platform will support our end-to-end lending needs, helping our expert underwriters to make quicker lending decisions for our customers, and allowing us to scale with speed and agility as we introduce more products and build our customer base.”

“We are proud to partner with Alba Bank in their endeavor to revolutionize SME banking,” said Charlie McIver, Managing Director, EMEA at nCino. “Our technology is robust and adaptable, designed to support both emerging banks like Alba, and large established incumbents seeking to innovate and modernise. We are excited to be on this journey with Alba as they scale and work to fulfill their mission.”