Banc of California Win Is Largest for nCino Since Upgrade

  • JJ Hornblass
  • July 22, 2014
  • 1

canstockphoto0970790Banc of California, a $4 billion bank based in Irvine, Calif., is the largest win for nCino Inc. since the banking technology company released its latest version of its Bank Operating System in May.

Banc of California is the third win for nCino and its Bank Operating System since May, joining VantageSouth Bank and Bank of Blue Valley. Banc of California, which has grown rapidly since 2010, is poised to expand even further. It has a pending deal to acquire 20 branches in California from Banco Popular, although the acquisition is facing some community hurdles.

Bank Operating System is a cloud-based LOS. The main upgrade to Bank Operating System in May was the addition of a central document repository, and included faster upload speeds.

Perhaps it is not just the new version of Bank Operating System that spurred Banc of California to buy the technology. Banc of California’s stock is down more than 25% over the last year. The bank now has a market capitalization of about $223 million.

 

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JJ started the first iteration of Bank Innovation back in 2007, and has been working on it ever since. He also serves as President & Chief Executive Officer of Royal Media, Bank Innovation’s parent. He founded Royal in 1995 and oversees all aspects of the New York-based diversified media company. Prior to forming Royal, JJ was on the editorial staff of American Banker, the daily newspaper, and worked as an editor of a business magazine in Hong Kong. As a reporter and editor, he has won journalism awards from the National Press Foundation, Newsletter & Electronic Publishers Foundation, and the Reader’s Digest Foundation. He has a BS in Economics from Yeshiva University and a Master’s from the Columbia University Graduate School of Journalism. He was also a Fellow at the University of Wisconsin-Madison Graduate School of Banking. He lives in New York City with his wife, two daughters, and son. He counts among his accomplishments one New York City Marathon, two New York City Triathlons and the 2010 Father’s Day 5K, the first race he ever ran with his daughters. He can be reached at hornblass@gmail.com or 212-564-8972.

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