nCino, Inc. buys Sandbox Banking for over $52 million

WILMINGTON, N.C. (WECT) - On Tuesday, nCino announced the company purchased Sandbox Banking for more than $52 million.

According to nCino’s website, Sandbox Banking is a digital transformation leader in the financial services industry.

The goal is to grow nCino’s ability to enhance data connectivity and streamline operations for banks and credit unions using the new platform.

Chris Gufford, Chief Product Officer, says the two companies have partnered on many projects.

“We’ve closely partnered with Sandbox Banking for years through many integration projects, so we’ve seen first-hand how this technology layer improves transparency, reduces integration friction, accelerates project timelines, and creates a hub for better data connectivity,” said Gufford.

Sandbox Banking brings many key benefits for nCino like AI services and other technology advanced software.