nCino to Acquire UK SaaS Platform FullCircl for Client Lifecycle Management

On October 30, 2024, nCino announced it had agreed to acquire FullCircl, a UK-based SaaS company providing client lifecycle management, onboarding, and compliance solutions to financial institutions. The acquisition extends a partnership the two companies formed in 2023 to serve commercial banks across the UK and Europe. FullCircl's platform helps banks streamline KYC, due diligence, and client onboarding workflows — capabilities increasingly important as banks expand fintech partnerships and embedded finance programs.

By integrating FullCircl's technology, nCino aims to offer a more comprehensive suite for banks managing complex compliance requirements in multi-partner environments. Financial terms of the deal were not publicly disclosed. The transaction underscores ongoing consolidation in the banking software and compliance infrastructure space that underpins BaaS and embedded finance operations.