NCino Inc Receives a Shareholder Proposal from James McRitchie
April 01, 2024 at 02:58 am IST
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On April 30, 2024, nCino, Inc announced that it has received a shareholder proposal from James McRitchie requesting that the Company take all the steps necessary to reorganize the Board of Directors into one class, with each director subject to election each year for a one-year term. In addition, the Company recommended the shareholders to vote against the proposal at the annual meeting of shareholders scheduled to be held on June 20, 2024.
nCino, Inc. is a global provider of cloud banking solutions for the global financial services industry. The Company offers nCino Bank Operating System, which is a single, multi-tenant software-as-a-service solution that connects financial institutions (FI) employees, their clients and third parties on a single, cloud-based platform, eliminating silos and bringing new levels of coordination and transparency to the FI. This platform provides all the functionality necessary to complete workflow, enabling client onboarding, loan origination, deposit account opening, analytics and compliance. The nCino Bank Operating System also delivers data analytics and artificial intelligence and machine learning (AI/ML) capabilities through its nCino IQ application suite to provide its customers with automation and insights into their operations, such as tools for analyzing, measuring and managing credit risk, as well as to improve their ability to comply with regulatory requirements.
NCINO, INC. 
