nCino and Pinwheel partner to offer direct deposit switching

nCino (NCNO) announced that Pinwheel, a fintech that helps financial institutions win primacy with frictionless activation and engagement solutions, has entered into an agreement to join nCino’s global ecosystem of technology partners as a Preferred Partner for Direct Deposit Switching. nCino customers can now leverage Pinwheel to boost account activation and primary banking relationships. As part of the partnership agreement, nCino will create an integration between its Consumer Banking Solution and Pinwheel Deposit Switch. The integrated functionality will help banks and credit unions achieve better deposit switch conversion rates. Pinwheel aims to enable easy direct deposit switching within the account opening experience, where consumer intent to switch is highest.