Cloud banking company nCino has purchased Salt Lake City financial analytics and compliance software company Visible Equity. Terms were not disclosed.
Founded in 2008, Visible Equity is a software-as-a-service company that provides portfolio management, analytics and compliance products to banks and credit unions. The company has about 50 employees.
Based in Wilmington, North Carolina, nCino is a Forbes Cloud 100 member and was named the No. 1 “Best Fintech to Work For” by American Banker magazine.
“Joining the nCino team is the right move for us and a natural fit,” said Brad Hansen, president and CEO of Visible Equity. “We share with them a passion for innovation, a laser focus on customer success and a commitment to culture. A key driver of our desire to become part of the nCino family is their industry-leading bank operating system and ability to support a global client base of enterprise, regional and community financial institutions. We’re excited to share our insights and experience and look forward to further transforming financial services together.”
Visible Equity and nCino will continue to offer their products separately to the market but the two platforms will become fully integrated to provide a seamless client and cloud-based experience, as well as an unparalleled portfolio management and regulatory compliance platform, nCino said.