nCino shares jumped 15.5%. The nCino results, as reported by PYMNTS on Tuesday, listed that the firm will add advanced artificial intelligence (AI) and fully agentic workflows to its Banking Advisor offering in the next quarter.
Sean Desmond, CEO of nCino, said during nCino’s quarterly earnings call that the company believes AI will be as disruptive to financial services as the move to cloud services was 10 years ago, and that banks are looking to nCino to help guide them on their “AI journey.”
Banking Advisor was introduced by nCino in June 2024 and was a “banker-focused, conversational copilot tool” that included portfolio management tool, task simplification, and bank regulatory compliance tracking.
On today’s call, Desmond noted that as an AI-enabled front end constructed for financial services firms, Banking Advisor is the “first pillar” of nCino’s AI strategy, and has been bought by more than 80 of the company’s customers.
“Banks don’t just need AI tools, but also a partner they trust that understands banking deeply, has a track record of driving industrywide change, and has the data foundation to build truly differentiated AI capabilities,” Desmond said. During its quarter ended July 31, nCino reported that its total revenue rose 12% from a year earlier as its subscription revenues surged 15%.
BILL said total Q4 revenue increased 12% to $383.3 million and core revenue was up 15% to $345.9 million. The company now has approximately 493,800 businesses using its payments service, $86 billion in total payment volume processed (a 13% increase), and processed 33 million transactions in the quarter. The company, in its results, implied that subscription fees grew 5% and transaction fees were up 18% in the quarter, compared with the period a year earlier. BILL shares jumped 19.3%.
In other earnings news, KE Holdings fell 4.4% after saying Q2 net revenues of CNY 26.0B (US$3.6B), up 11.3% y/y, gross transaction value of CNY 878.7B (US$122.7B), up 4.7%. Its revenues from platform service, franchise service, and other value-added service were flat compared to a year earlier, the company said in its materials.
Partnership Announcements
Cornerstone Community Financial Credit Union, which serves members in Michigan and Ohio, announced it has teamed up with Upstart to offer digital personal loans. Since April 2025, when it joined as a referral network partner, Cornerstone has been receiving creditworthy Upstart loan applicants that meet its credit policies.
Upstart’s artificial intelligence-powered platform automates more than 90% of the loan approval process without human intervention, the companies said. Upstart shares grew more than 16%.
PYMNTS wrote that the Workday Wellness benefits solution suite will incorporate the Chime Workplace financial wellness solutions portfolio, which will allow employers to provide employees with even more benefits. The integration is the result of a new partnership between Chime and Workday.
Chime Workplace includes financial tools to help manage money, save, build credit, and complete other tasks, the company said. The benefits can be turned on by Workday customers via the Workday Wellness platform, which lets employers see what benefits employees desire so that they can enhance their programs and add new offerings.
Last week, Robinhood filed lawsuits against regulators in both Nevada and New Jersey. If Robinhood were to lose the lawsuits, then the natural outcome of them is to, effectively, force this debate at a national level about whether prediction markets count as regulated financial products or whether they’re just wearing FinTech clothing on sports betting.
“The clash underscores larger battles about how innovation in FinTech and wagering disrupts legacy regulatory regimes, and comes on the heels of event-based contracts finally gaining some traction in mainstream trading,” PYMNTS said. Robinhood shares slipped 2.5%.
