South Africa’s largest digital bank, Capitec Bank, has partnered with cloud banking company nCino, to develop the bank’s business banking loan management system.

Capitec’s said the deal with nCino will help them to build a system offering simplicity and efficiency.

Karl Kumbier, chief executive of Capitech Business, said:“Capitec is a brand that is associated with hard work, innovation, and disruption. It is the fastest-growing bank in the country and has over 70,000 business banking clients.”

“We are looking forward to taking our ethos of simplicity even further, with the inclusion of this technology into our systems for a more seamless experience for the businesses we serve.”

Thomas Byrne, head of product, EMEA, at nCino, said: “As we continue to expand into new countries, we’re developing additional depth and breadth to the nCino platform to solve the business, technical, and regulatory pain points that regularly trouble financial institutions on a global scale.”

“We’re looking forward to providing Capitec with a scalable platform that enables the bank to improve client and employee experiences by streamlining, digitising and automating complex processes for a faster, more efficient and transparent experience for business owners."

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