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NCino Picked by FirstBank Puerto to Back Commercial Lending Services
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NCino Picked by FirstBank Puerto to Back Commercial Lending Services
Mar 20, 2024 8:44 AM

11:25 AM EDT, 03/20/2024 (MT Newswires) -- NCino ( NCNO ) said Wednesday it's providing commercial lending services to First BanCorp's (FBP) FirstBank Puerto Rico for clients in Puerto Rico, Florida and the Virgin Islands.

NCino ( NCNO ) said it will provide a platform to centralize data for reporting and portfolio management, quicken loan cycle times and simplify processes.

The initiative will also streamline the loan cycle and improve credit response times, nCino said.

Financial details weren't disclosed.

Shares of both nCino and First BanCorp rose 0.4% in recent trading Wednesday.

Price: 30.33, Change: +0.13, Percent Change: +0.43

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