nCino (NCNO) announced the acquisition of Sandbox Banking. The purchase price was $52.5 million in cash, with an additional earn-out opportunity of up to $10 million based on the achievement of certain financial and product development metrics.
Sandbox Banking is a digital transformation provider, empowering banks and credit unions with Glyue, an Integration Platform as a Service created for financial institutions. Glyue seamlessly connects 14+ of the most popular core banking platforms with over 50 solutions in lending, deposits, CCaaS, CRM, document management, KYC/AML, underwriting, mobile banking, and analytics.
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Business News
May 22, 2026 14:46 ET Minutes of the latest Fed policy session was the highlight of the week along with survey data on the U.S. housing market. In Europe, survey data signaled the trends in the euro area private sector. Further, consumer price inflation data from the U.K. was in focus. In Asia, various economic indicators from China drew attention to the health of the economy.