WaterStone Bank, headquartered in Wauwatosa, Wisconsin, has announced that it will be upgrading its technology stack and migrating its commercial, consumer, and residential lending activities to the nCino Cloud Banking Platform. WaterStone Bank, established in 1921, offers a range of personal and business banking products and services, and they are focused on providing personalized services through digital channels and new product offerings.
The decision to adopt the nCino Cloud Banking Platform is aimed at streamlining lending processes across all lines of business, consolidating operations, improving compliance management, and integrating rich data and insights into their workflows. This move is expected to enhance the lending experience for their clients and provide greater transparency and efficiency in their operations and portfolio management.
Ryan Gordon, EVP and Chief Credit Officer at WaterStone Bank, expressed excitement about the partnership, and Will Cameron, SVP, Community and Regional Banking at nCino, emphasized the alignment of WaterStone’s decision with their commitment to digital excellence in the banking industry.
nCino is a global leader in cloud banking and offers a single software-as-a-service (SaaS) platform that helps financial institutions modernize their processes for corporate and commercial, small business, consumer, and mortgage customers. They work with more than 1,850 financial services providers worldwide.
WaterStone Bank, with branches in various locations in Wisconsin, provides personal and business banking services and is also the parent company to Waterstone Mortgage, a lender operating in 48 states.
About nCino
This upgrade to the nCino Cloud Banking Platform represents a strategic move for WaterStone Bank to enhance their capabilities and customer experience in the rapidly changing banking landscape.