Outstanding customer experiences are made possible by DocFox's technology, which streamlines and automates the commercial and business banking onboarding and account opening processes. Regardless of the complexity of the entity, the combined offering—which integrates into nCino—will assist financial institutions in unifying and intelligently managing the full client lifecycle across information intake, document collecting, and due diligence on a single platform. Institutions that had weeks-long, administratively intensive onboarding processes can now complete them in a matter of days or hours thanks to DocFox.

According to Pierre Naudé, CEO and Chairman of the Board of nCino, "nCino was developed from the ground up to help digitize, automate, and streamline complex processes to create more efficient workflows and better experiences for financial institutions and their clients." "The addition of DocFox to our portfolio expands our current offerings and brings a contemporary experience to a branch of business and commercial banking that, because of its intricacy, has not kept up with technological advancements." We are eager to carry out our single platform idea even further and are looking forward to providing financial institutions looking to streamline the onboarding and account opening procedures with this unique solution.

"This is an exciting moment for DocFox," said Ryan Canin, co-founder and CEO of DocFox. We are excited to collaborate with nCino and bring together our shared values, cultures, and dedication to clients and staff in order to offer technology that actually addresses the most important issues facing the sector. Financial institutions looking to automate and digitize employee and client interactions will benefit even more from our industry-leading onboarding and account opening solution, which will enhance and expand nCino's single platform.

According to James Beckwith, President & CEO of Five Star Bank, "embracing a single, integrated platform, particularly in commercial or business banking, is more than a technological upgrade - it's a strategic imperative." "We are thrilled to include and use the technologies from nCino and DocFox in order to give our clients an even quicker, easier, and more productive experience. We are also thrilled about the synergies, resources, and access to top talent in the industry that the nCino acquisition of DocFox will provide to the banking solution and business customer onboarding spaces. Our technology mix's two major providers coming together will provide us a clear competitive advantage.
Since its founding in 2016, DocFox has served more than 450 clients on three continents.
 

March 2024 is when the acquisition of DocFox is anticipated to conclude.