Cloud banking provider nCino to acquire mortgage neolender SimpleNexus

Cloud banking provider nCino is to acquire SimpleNexus, a mobile-first mortgage lender, in a stock and cash transaction worth approximately $1.2 billion. North Carolina-based nCino says the acquisition will allow for a “natural expansion” of the digital banking platform’s capabilities to tap into the US point-of-sale mortgage market.

Link: Cloud banking provider nCino to acquire mortgage neolender SimpleNexus
via http://www.fintechfutures.com

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