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DNB Adoption Boosts nCino | Business and Finance News
Description
nCino’s stock soars over 7% after Norway’s largest bank, DNB, adopts its platform for corporate lending — a major win signaling global banks’ embrace of fintech solutions. While the move validates nCino’s value, it’s not enough to reverse the year-long slide, as broader tech market fears around AI’s impact on software sales linger. Investors remain cautious, with giants like Salesforce and Adobe seeing steep declines, and even Accenture cutting growth forecasts — though some argue the sell-off is overblown, as companies pivot to AI-driven revenue models.
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