Banking software company nCino unveils ProBanker by FullCircl, their latest offering in digital banking services.
In a groundbreaking move, banking solutions provider nCino, in collaboration with Experian, has announced the general availability of ProBanker by FullCircl. This innovative product is set to transform the lending landscape in the UK by providing near real-time visibility into commercial credit status, affordability, and liquidity.
ProBanker goes beyond the mandated Competition and Markets Authority 9 (CMA9) banks by incorporating business current account data, offering a more comprehensive view of a business's financial health. This feature enables lenders to track both affordability and liquidity in near real-time, empowering them with a multi-bank, total market view of a customer's credit exposure.
David Gallihawk, Experian UK&I Chief Product Officer, Business Information Services, hailed ProBanker as a game-changer. He stated that ProBanker delivers real-time, high-quality data and insight, enabling confident, informed decisions at speed. However, he did not provide specific details about how ProBanker achieves this.
The first pilot project for ProBanker was conducted with Commerzbank, and the product has since demonstrated its ability to enhance customer outcomes through proactive engagement and personalized outreach. It also helps strengthen portfolio health by spotting early warning signs of financial distress.
ProBanker leverages a rich dataset of approximately 18 million UK commercial credit accounts, providing a vast pool of information to draw from. This data-driven approach is designed to bring greater transparency and help modernize lending opportunities, allowing clients to unlock deeper value from their portfolios.
The collaboration between nCino and Experian aims to bring these benefits to a wider audience. In May, nCino unveiled a range of new platform enhancements designed to help banks, credit unions, and other financial institutions secure a competitive advantage via intelligence-driven automation. The ProBanker with FullCircl launch occurred a little over a month after the company announced that Japanese bank group SBI Credit Guarantee Co., Ltd. had gone live with nCino as the platform for its mortgage guarantee business.
A major UK bank reported that ProBanker helped them support customers who were eligible for extended or new funding products. Furthermore, the bank observed that ProBanker helped them identify potential credit risks six months earlier on average compared to its current processes.
ProBanker is part of a suite of Smart Solutions, positioning nCino and Experian at the forefront of the digital transformation in the banking industry. The platform made its debut at our platform Europe 2017 in London. As the UK banking sector continues to evolve, ProBanker is set to play a crucial role in shaping the future of lending.
