10 AI News Updates on Wall Street’s Radar

6. nCino, Inc. (NASDAQ:NCNO)

Number of Hedge Fund Holders: 35

nCino, Inc. (NASDAQ:NCNO) offers cloud-based software solutions for financial institutions and offers a unified platform for banking operations, AI-driven analytics, and mobile-first mortgage solutions.

On February 11, nCino (NASDAQ:NCNO) announced the acquisition of Sandbox Banking for $52.5 million in cash, with a potential additional $10 million based on financial and product development milestones. The deal aims to strengthen nCino’s Integration Platform as a Service to enable banks and credit unions to streamline data connectivity, automate workflows, and improve interoperability between core and external banking systems.

By using AI-driven integration logic, the platform will accelerate project timelines, reduce manual processes, and improve compliance. The acquisition strengthens financial institutions’ ability to adopt AI and new technologies seamlessly while improving efficiency and customer experience.