Day: December 1, 2022

Germany’s “Best Performing Bank” completes successful implementation of the nCino platform to drive further efficiency

WILMINGTON, N.C. and LONDON and HAMBURG, Germany, Dec. 01, 2022 (GLOBE NEWSWIRE) — nCino, Inc. (NASDAQ: NCNO), a pioneer in cloud banking and digital transformation solutions for the global financial services industry, today announced that Hamburg Commercial Bank (HCOB) is now live on the nCino Bank Operating System®. nCino is supporting the Bank’s workflow from the processing of transactions in the pipeline, through structuring and credit decisioning to help expedite processes and enable increased efficiencies.

With representation across Germany’s metropolitan regions and in select markets in Europe, HCOB is a specialty financier, serving commercial clients and financing projects in the real estate and shipping sector, as well as in the renewable energy and infrastructure industry. The Bank recently won the “Euromoney Award for Excellence 2022” in the global category “World’s Best Bank Transformation” and boasts some of the best financial metrics in banking in Germany.

“We have transformed Hamburg Commercial Bank into a focused and profitable commercial bank within a few years and we intend to build on this foundation and expand our business in a measured manner. The nCino implementation is a great example of the execution of this strategy,” said Jan Lührs-Behnke, Head of Credit Office at Hamburg Commercial Bank. “We look forward to continuing to work with nCino as we are already achieving very positive results in terms of speeding up our processes, working more efficiently and creating a better customer experience”.

“We’re extremely proud to be partnered with HCOB and to have successfully deployed the nCino platform in Germany,” said Charlie McIver, Managing Director – EMEA at nCino. “HCOB has been on one of the most ambitious business and cloud tech transformations I have ever witnessed. nCino replaced consolidated data and replaced disparate legacy systems to create a single platform for credit origination and review. Through nCino, HCOB now has a flexible platform for the seamless initiation of financing to decision through to the booking of the loan. With the foundational implementation complete, we really look forward to further innovating HCOB’s capabilities.”

The nCino Bank Operating System transforms the way financial institutions (FIs) operate and interact across multiple business lines. nCino allows FIs to provide a personalized digital experience over the course of end-to-end financial journeys from onboarding, account opening, loan origination, data-driven insights and analytics spanning all lines of business and channels. nCino streamlines employee, client, and third-party interactions, resulting in increasing data optimization, profitability, efficiency, transparency, and regulatory compliance.

About nCino
nCino (NASDAQ: NCNO) is the worldwide leader in cloud banking. The nCino Bank Operating System^® empowers financial institutions with scalable technology to help them achieve revenue growth, greater efficiency, cost savings and regulatory compliance. In a digital-first world, nCino’s single cloud-based platform enhances the employee and client experience to enable financial institutions to more effectively onboard clients, make loans and manage the entire loan life cycle, and open deposit and other accounts across lines of business and channels. Transforming how financial institutions operate through innovation, reputation and speed, nCino is partnered with more than 1,750 financial institutions of all types and sizes on a global basis. For more information, visit www.ncino.com.

About HCOB
Hamburg Commercial Bank AG (HCOB) is a private commercial bank headquartered in Hamburg, Germany. HCOB offers its clients a high level of structuring expertise in real estate financing and has a strong market position in international shipping. The bank is one of the pioneers in the pan-European project financing of renewable energies and digital infrastructure. HCOB offers individual solutions for international corporate clients as well as a focused corporate business in Germany. Reliable and timely payment products as well as other trade finance solutions also support the need of the bank’s customers. HCOB is aligning its activities with established ESG criteria. For further information, please visit: www.hcob-bank.com.

Media Contacts
nCino
Natalia Moose
Head of Marketing, EMEA
+44 07 8252 11135
natalia.moose@ncino.com

Judith Huss
Founder & owner Huss-PR-Consult
+49 89 6494 5570
Lindenstrasse 4
D- 82166 München-Gräfelfing
judith.huss@hussprconsult.de

Hamburg Commercial Bank
Katrin Steinbacher
Head of Press
+49 40 3333 11130
Gerhart-Hauptmann-Platz 50
20095 Hamburg
Germany

This press release contains forward-looking statements within the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements generally include actions, events, results, strategies and expectations and are often identifiable by use of the words “believes,” “expects,” “intends,” “anticipates,” “plans,” “seeks,” “estimates,” “projects,” “may,” “will,” “could,” “might,” or “continues” or similar expressions. Any forward-looking statements contained in this press release are based upon nCino’s historical performance and its current plans, estimates, and expectations, and are not a representation that such plans, estimates, or expectations will be achieved. These forward-looking statements represent nCino’s expectations as of the date of this press release. Subsequent events may cause these expectations to change and, except as may be required by law, nCino does not undertake any obligation to update or revise these forward-looking statements. These forward-looking statements are subject to known and unknown risks and uncertainties that may cause actual results to differ materially including, among others, risks and uncertainties relating to the market adoption of our solution, competition, international expansion, and privacy and data security matters. Additional risks and uncertainties that could affect nCino’s business and financial results are included in reports filed by nCino with the U.S. Securities and Exchange Commission (available on our web site at www.ncino.com or the SEC’s web site at www.sec.gov). Further information on potential risks that could affect actual results will be included in other filings nCino makes with the SEC from time to time.

GlobeNewswire Distribution ID 8706506

London, November 30, 2022

CNH Industrial N.V. (NYSE: CNHI / MI: CNHI) today announces the appointment of Richard Miller as Senior Vice President of Internal Audit. Richard takes over from Carlo De Bernardi who has elected to retire following 38 years of dedicated service. With this appointment, Richard will join the Company’s Senior Leadership Team (SLT).

Richard Miller first joined CNH Industrial in 1990. He has since assumed roles of increasing responsibility in Internal Audit, most recently as Head of Internal Audit for the North America region.

“I want to thank Carlo for leading our Internal Audit function with excellence and impeccable character,” said Scott W. Wine, Chief Executive Officer, CNH Industrial. “In Richard, we have a worthy successor who will continue to ensure that our Company operates to the highest standards.”

CNH Industrial (NYSE: CNHI / MI: CNHI) is a world-class equipment and services company. Driven by its purpose of Breaking New Ground, which centers on Innovation, Sustainability and Productivity, the Company provides the strategic direction, R&D capabilities, and investments that enable the success of its global and regional Brands. Globally, Case IH and New Holland Agriculture supply 360° agriculture applications from machines to implements and the digital technologies that enhance them; and CASE and New Holland Construction Equipment deliver a full lineup of construction products that make the industry more productive. The Company’s regionally focused Brands include: STEYR, for agricultural tractors; Raven, a leader in digital agriculture, precision technology and the development of autonomous systems; Flexi-Coil, specializing in tillage and seeding systems; Miller, manufacturing application equipment; Kongskilde, providing tillage, seeding and hay & forage implements; and Eurocomach, producing a wide range of mini and midi excavators for the construction sector, including electric solutions. Across a history spanning over two centuries, CNH Industrial has always been a pioneer in its sectors and continues to passionately innovate and drive customer efficiency and success. As a truly global company, CNH Industrial’s 37,000+ employees form part of a diverse and inclusive workplace, focused on empowering customers to grow, and build, a better world.

For more information and the latest financial and sustainability reports visit: cnhindustrial.com

For news from CNH Industrial and its Brands visit: media.cnhindustrial.com

Contacts:

Attachment

• 20221130_PR_CNH_Industrial_SLT_Internal_Audit

GlobeNewswire Distribution ID 1000769842

New Zealand’s leading business bank selects nCino cloud-based platform to exceed customers’ growing expectations

AUCKLAND, New Zealand, Nov. 30, 2022 (GLOBE NEWSWIRE) — nCino, Inc. (NASDAQ: NCNO), a pioneer in cloud banking and digital transformation solutions for the global financial services industry, today announced that the Bank of New Zealand (BNZ) has selected the nCino Bank Operating System^® as a key technology platform.

nCino’s single cloud-based platform enables financial institutions to more effectively onboard clients, make loans, manage loan life cycles, and open deposit and other accounts across lines of business and banking channels.

Mark Bernhardi, Managing Director of Australia, and New Zealand at nCino says, “Now, more than ever, financial institutions require an end-to-end digital and customer-centric platform approach in order to meet the increasing and changing expectations of their customers at speed. We look forward to partnering with BNZ on this journey.”

With more than $100 billion NZD in assets (USD 56.2B), BNZ has operated in New Zealand since opening its first office in Auckland in October 1861. The bank employs over 5,000 people in New Zealand.

BNZ Executive Customer, Products, and Services, Karna Luke says, “Our customers have high expectations, and BNZ is continually seeking improvements to our exceptional customer experience delivery through careful investment in digital capabilities and operational excellence.”

About nCino
nCino (NASDAQ: NCNO) is the worldwide leader in cloud banking. The nCino Bank Operating System^® empowers financial institutions with scalable technology to help them achieve revenue growth, greater efficiency, cost savings and regulatory compliance. In a digital-first world, nCino’s single cloud-based platform enhances the employee and client experience to enable financial institutions to more effectively onboard clients, make loans and manage the entire loan life cycle, and open deposit and other accounts across lines of business and channels. Transforming how financial institutions operate through innovation, reputation and speed, nCino is partnered with more than 1,750 financial institutions of all types and sizes on a global basis. For more information, visit www.ncino.com.

About Bank of New Zealand
About Bank of New Zealand (BNZ):  Bank of New Zealand (BNZ) was founded in 1861 and is committed to helping New Zealanders find a way to reach their financial goals and dreams, and helping communities prosper.

BNZ employs more than 5000 people to help its 1.2 million customers across the country, and has 134 branches and Partners Centres across New Zealand. The bank works with personal, business, agri, charity and private wealth clients offering services in retail, small business, commercial, corporate, agribusiness, institutional and investment.

BNZ is one of New Zealand’s largest carbon neutral companies and works to help make New Zealand’s communities stronger. Bank of New Zealand is a subsidiary of the National Australia Bank Group of companies and is governed locally by a fully empowered New Zealand Board of Directors.

Media Contacts
Ryan Kelly
+1 732.770.5942
ryan.kelly@ncino.com

APAC
Catalina Garcia, nCino
+61 418 215 423
catalina.garcia@ncino.com

This press release contains forward-looking statements within the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements generally include actions, events, results, strategies and expectations and are often identifiable by use of the words “believes,” “expects,” “intends,” “anticipates,” “plans,” “seeks,” “estimates,” “projects,” “may,” “will,” “could,” “might,” or “continues” or similar expressions. Any forward-looking statements contained in this press release are based upon nCino’s historical performance and its current plans, estimates, and expectations, and are not a representation that such plans, estimates, or expectations will be achieved. These forward-looking statements represent nCino’s expectations as of the date of this press release. Subsequent events may cause these expectations to change and, except as may be required by law, nCino does not undertake any obligation to update or revise these forward-looking statements. These forward-looking statements are subject to known and unknown risks and uncertainties that may cause actual results to differ materially including, among others, risks and uncertainties relating to the market adoption of our solution and privacy and data security matters. Additional risks and uncertainties that could affect nCino’s business and financial results are included in reports filed by nCino with the U.S. Securities and Exchange Commission (available on our web site at www.ncino.com or the SEC’s web site at www.sec.gov). Further information on potential risks that could affect actual results will be included in other filings nCino makes with the SEC from time to time.

GlobeNewswire Distribution ID 8706271

Meta Precision Immersion Cooled HDD

Iceotope Study with Meta Reveals Efficiency of Precision Immersion Liquid Cooling for High-Density Storage Drives

• First known study to test precision immersion cooling for high-density data storage successfully demonstrates efficiency
• Virtually silent operation helps mitigate acoustic vibrational issues associated with air-cooled solutions
• The introduction of sealed helium-filled HDDs opens the door for more effective precision immersion liquid cooling in storage racks

SHEFFIELD, United Kingdom, Nov. 30, 2022 (GLOBE NEWSWIRE) — Iceotope, the global leader in precision immersion cooling, announces a new study with Meta confirming the practicality, efficiency and effectiveness of chassis-level liquid cooling technology to meet the cooling requirements of high-density storage disks increasingly being deployed and utilised by hyperscale data centre service providers.

The recently published study with Meta suggests the advantages of improved thermal management, reduced vibration and equalised temperature across the JBOD, which leads directly to lower failure rates and costs for data centre operators. The hard drive systems supplied in a rack form factor in chassis drawers are an ideal fit for precision immersion cooling technology.

Neil Edmunds, Director of Innovation, Iceotope, said: “As demand for data storage continues to escalate, so will the solutions needed by hyperscale data centre providers to efficiently cool the equipment. The study demonstrated that liquid cooling for high-density storage successfully cools the drives at a lower, more consistent temperature for fewer drive failures, lower TCO and improved ESG compliance.”

High-density storage proliferating
With constant streams of data emerging from the Internet of Things, video, artificial intelligence and more, up to 463 exabytes of data is expected to be generated by each person, each day by 2025. How data is accessed and interacted with is constantly changing, causing a real impact on the processing and storage of that data. In just a few years, it’s predicted that global data storage will exceed 200 zettabytes of which half will be stored in the cloud.

This presents a unique challenge for hyperscale data centre storage infrastructure. According to Seagate, cloud data centres choose mass-capacity hard disk drives (HDDs) to store 90% of their exabytes. Typically found in a 3.5-inch form factor, HDDs are a tried and tested technology which continues to offer data centre operators cost-effective storage at scale. Current top-of-the-range units provide 20 TB capacity, but this is expected to reach >120TB by the end of the decade.

More data storage means more spinning disks, higher-speed motors, and more actuators – all of which translates into more power being used. As disks go up in power, so does the amount of heat they produce. The introduction of helium into hard drive enclosures over the last decade has not only improved disk performance with less drag but with the units now sealed, the practicality of using liquid cooling solutions at HDD level has been opened.

Meta study liquid cooling for high-density storage
The study showcases an air-cooled, high-density storage system re-engineered to utilise single-phase immersion cooling. The standard commercial storage system consisted of seventy-two hard drives, two single socket nodes, two SAS expander cards, NIC and a power distribution board in a 4OU form factor. The hard drives were hermetically sealed, and helium filled.

The liquid cooling system tested was an Iceotope precision immersion liquid cooling system – the air-cooled version was modified with the addition of a dedicated dielectric loop connected to a liquid-to-liquid heat exchanger and pump. Meta proceeded to measure temperature variation across the hard drives and cooling pump power in the air-cooled and liquid-cooled systems.

The results are conclusive
The study successfully demonstrated precision immersion cooling was a more efficient means of cooling the HDD racks with the following results:

• Using precision immersion liquid cooling, the variance in temperature between all 72 HDDs was just 3°C, regardless of location inside the JBODs
• Liquid cooling demonstrated that the HDD systems could operate reliably in rack water inlet temperatures up to 40°C.
• System-level cooling power was less than five percent of the total power consumption.
• Liquid cooling’s virtually silent operation helps mitigate acoustic vibrational issues for drives often encountered with air-cooling solutions.

While precision immersion is found to be a superior alternative to air-cooling high-density disk arrays, other forms of liquid cooling including cold plates, tank immersion, or two-phase immersion, don’t preserve the operational benefits such as HDD density, user access for serviceability and ability to hot swap drives to the same degree.

To download your copy of the study, please visit https://www.iceotope.com/company/news-events/iceotope-study-with-meta-reveals-efficiency-of-precision-immersion-liquid-cooling-for-high-density-storage-drives/

About Iceotope
Iceotope’s chassis-level precision immersion technology offers a simple, unified platform that cools, protects and monitors the whole IT stack in any location from the extreme edge to the hyperscale cloud.

Offering up to 96% water reduction, up to 40% power reduction, and up to 40% carbon emissions reduction per kW of ITE, Iceotope’s precision immersion cooling solutions are game-changing in the design, build and operation of data centres.

Visit www.iceotope.com

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/6486f5eb-174b-4e32-9a1f-9164cba2fb53

Iceotope Media Contact
Damien Wells, Spa Communications
e: dwells@spacomms.com
m: +44 (0) 7900 302102

GlobeNewswire Distribution ID 1000769808

Zoom Celebrates its Third Consecutive Time in the Leaders Quadrant

SAN JOSE, Calif., Nov. 30, 2022 (GLOBE NEWSWIRE) — Zoom Video Communications, Inc. (NASDAQ: ZM), today announced that analyst firm Gartner has named Zoom a Leader in the 2022 Gartner® Magic Quadrant for Unified Communications as a Service (UCaaS), Worldwide for the third time in a row. The UCaaS report evaluated 12 companies in the unified communications space, and Zoom has been recognized as both a Leader and a Visionary in this space for its UCaaS offerings. Zoom’s offerings in this space include enterprise-grade solutions like Zoom Team Chat, Zoom Phone, Zoom Meetings, and Zoom Whiteboard.

For this year’s Magic Quadrant, the meetings category has been rolled into the Unified Communications as a Service (UCaaS) category, which now includes enterprise telephony, meetings, unified & instant messaging, mobility, and communications-enabled business processes.

“We are proud to be included in the Gartner Magic Quadrant for UCaaS and believe it solidifies our influence in this space,” said Greg Tomb, President of Zoom. “Zoom continues to prioritize and pair ease of use with innovation to build a platform that meets emerging collaboration demands and further delivers customer happiness.”

To read a complimentary copy of the 2022 Gartner Magic Quadrant for UCaas report, please click here.

Gartner, Magic Quadrant for Unified Communications as a Service, Worldwide, [Rafael Benitez, Megan Fernandez], [November 28, 2022] Gartner does not endorse any vendor, product or service depicted in its research publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner’s research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose. GARTNER and Magic Quadrant are registered trademarks and service marks of Gartner, Inc. and/or its affiliates in the U.S. and internationally and are used herein with permission. All rights reserved.

About Zoom
Zoom is for you. Zoom is a space where you can connect to others, share ideas, make plans, and build toward a future limited only by your imagination. Our frictionless communications platform is the only one that started with video as its foundation, and we have set the standard for innovation ever since. That is why we are an intuitive, scalable, and secure choice for large enterprises, small businesses, and individuals alike. Founded in 2011, Zoom is publicly traded (NASDAQ:ZM) and headquartered in San Jose, California. Visit zoom.com and follow @zoom.

Zoom Public Relations
Kelsey Knight
Corporate PR Lead
press@zoom.us

GlobeNewswire Distribution ID 8706308