10:36 AM EDT, 03/21/2024 (MT Newswires) -- nCino (NCNO) said Thursday that Desjardins Group selected its automated spreading solution to automate the loan origination process through machine learning.

Automated spreading will streamline underwriting, enhance financial data capture, and improve credit decision speed and quality, according to NCino ( NCNO ).

The solution will support multilingual documents and multi-currency financial statements, the company added.

Financial details of the transaction were not disclosed.

Shares of the company were up 1.1% in recent trading.

Price: 30.64, Change: +0.34, Percent Change: +1.12