nCino Embraces AI, Sees Growth in International Banking

0:00You're listening to Durham News Today, powered by the Daily News Now. In CETNO, a software company that helps banks handle loans, accounts, and client relationships is facing questions about the rise of artificial intelligence tools like Cloud Code from Anthropic. Since that platform went viral back in January, in CETNO stock has dropped more than 35%. As investors worry AI could disrupt. Traditional software as a service businesses. The company started as a spin-out from a bank in Wilmington, North Carolina over a decade ago and now employs around 1,700 people. Leaders see Cloud Code as a helpful coding tool rather than a full threat, especially since it shines in quick, one-off tasks, but struggles with the ongoing costs and complexities of real-world banking systems. Chief Technology Officer Will Jung points out that in CNO's edge comes from proprietary data and deep integration into regulated financial workflows. Areas where general AI tools fall short because they lack access to sensitive, institution-specific

1:03information. Investors might be overlooking how embedded these systems are in mission-critical operations. Instead of slashing jobs, NCNO has adjusted its hiring to focus on scalability, asking whether new initiatives truly need more staff, or of smarter, approaches suffice. This leaner strategy has made them more efficient without slowing down. Looking ahead, the company sees strong growth potential in international commercial banking, where digital transformation lags and in using there. Vass stated to deliver smarter insights to clients worldwide. This D&N story comes to you thanks to our sponsor. Some people meditate, I just lay down and press play, S-O-L-I, solelypillow.com.