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Kony Press Releases

Callahan Innovation Series Winners Announced; Kony and nCino Win with Innovations in Mobile and Lending Technologies for Credit Union

February 23, 2018

Washington, DC — Kony and nCino win Callahan’s inaugural Innovation Series. The series explored innovations in two categories: mobile and lending. Kony is the winner of the mobile category and nCino in the lending category.

The winners of Callahan’s Innovation Series were selected by credit union executives after all finalist presented their innovations via webinar where each finalist had ten minutes to present their solution and its potential impact on the credit union industry. Voters were encouraged to vote for the innovation they felt would have the most positive impact on their members.

Kony presented on their mobile banking application, which is customizable and integrated with advanced composable services. This type of mobile technology is typically purchased by big banks due to its high cost and skilled technical resources. Kony’s mobile application has leveled the playing field so credit unions are able to provide the same type of engaging and unique experience for their members. The streamlined application has helped credit unions see increases in mobile deposits, mobile Visa payments, and a reduction in abandonment rates.

nCino presented on their retail lending operations solution (LOS), which provides credit unions the means to originate and service retail and small business loans while streamlining the entire retail operations process. The nCino solution serves to speed up onboarding as well as streamline retail lending and account opening while increasing wallet share, ensuring compliance and improving transparency across the credit union. Loan decisions are automated, replacing manual credit reviews and eliminating data re-entry to decrease time to close. This results in a measurable return on investment for credit unions, with a reduction in the rekeying of data, improved internal communication, streamlined loan process workflow, and a smoother member experience.

For more information about the Innovation Series, visit CreditUnions.com.

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Callahan & Associates is dedicated to helping the credit union industry thrive. Our team of experts provides leading research, analytics, networking, and consulting solutions. More than 4,000 credit unions and industry suppliers rely on us for the latest data, actionable insights, and benchmarking tools to develop their unique competitive advantages and achieve their strategic goals. Our 30-year history has enabled us to build an unparalleled knowledge transfer consortium which connects the industry’s best minds. To learn how you can join Callahan’s network, please visit www.callahan.com.

For More Information:  Victoria A. Taylor, Callahan & Associates, vtaylor@callahan.com