<ul><li>nCino shares slumped in after-hours trading due to guidance of slowing growth in core cloud banking and mortgage markets.</li><li>First-quarter top-line growth for the current fiscal year is expected to be in high single-digits year over year, which is a slowdown from the previous quarter.</li><li>Sean Desmond has been appointed as the new CEO, succeeding Pierre Naudé, who becomes executive chairman.</li><li>nCino is focused on reaccelerating new bookings growth and sees potential in AI-driven documentation and onboarding processes.</li></ul>

nCino Shares Slump Amid Slowing Growth in Cloud Banking and Mortgage Markets

Discover more