Partnership will support real estate lender with fast decision making and flexible credit offerings via a cloud-based platform
LONDON, Oct. 27, 2022as its foundational technology for its life cycle property finance solution, from refurbishment right through to development and investment.
Through its digital-first and cloud-based approach to commercial real estate lending, Ashman Bank aims to drive change in an industry where over four-fifthsof SMEs are frustrated by slow decision-making and inflexible credit offerings. By implementing nCino, Ashman Bank will offer products and services that provide the know-how and incentives to create the sustainable properties and practices of tomorrow and make it easier for SMEs to access the right financing for their needs, delivered with speed, automation, and personalisation.
"Partnering with nCino takes us one step closer to being able to transform the banking experience for property SMEs," Caroline Luxmore, Chief Commercial Officer at Ashman Bank added. "nCino gives us the best and most efficient platform for us to realise our ambitions as a digital-first bank, and we believe that together we can create a meaningful change in the UK real estate market."
"Ashman Bank is an ambitious new entrant that will provide real estate lending for conscientious businesses in the UK. It is bringing an innovative approach to commercial real estate, and nCino can help the Ashman team execute, grow and adapt as the bank expands," said Charlie McIver, Managing Director, EMEA at nCino. "We're proud to be playing a role in Ashman's launch."
Ashman plans to launch early in 2023. The senior leadership team boasts extensive experience in the financial services sector, with previous roles across Barclays, HSBC, RBS, Aldermore, Monzo, and Capital One. Its launch builds on the established record of UK new entrant banks, with innovative technology and customer experience at the forefront of all operations.
About Ashman Bank
Established by a team of passionate entrepreneurs and seasoned bankers, Ashman is an ambitious new entrant planning to provide real estate lending for conscientious businesses and simple savings for conscious consumers.
To learn more visit www.ashmanbank.co.uk
Ashman and Ashman Bank are trading names of Ashman Bank Limited a company registered in England and Wales (company number 10907522) and its registered office is: 2nd Floor Rutland House, 148 Edmund Street, Birmingham, England, B3 2FD. Ashman Bank Limited is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority (Financial Services Register number 848460).
About nCino
nCino.
| MEDIA CONTACTS | |
| Jasmin Athwal, nCino | Natalia Moose, nCino |
| +44 7881 374552 | +44 7825 211135 |
| Ncinoemea@mww.com (mailto:Ncinoemea@mww.com) | natalia.moose@ncino.com (mailto:natalia.moose@ncino.com) |
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1 Source: CASS 2018 business survey
2 https://www.gov.uk/government/consultations/sme-finance-help-to-match-smes-rejected-for-finance-with-alternative-lenders
