Československá obchodní banka (CSOB) Selects the nCino Platform to Modernize Commercial & SME Lending
nCino (NASDAQ: NCNO) has announced its expansion into the Czech Republic through a partnership with Československá obchodní banka (ČSOB), a top 30 European bank and subsidiary of KBC Bank NV. ČSOB has selected the nCino Platform to modernize its Commercial and SME Lending operations.
The implementation aims to digitize and streamline lending processes, enhance operational efficiency, and deliver personalized services through the nCino Commercial Lending Solution. ČSOB, with over 50 years of leadership in Czech financial services, will leverage the platform to create seamless digital experiences and gain deeper client insights.
This partnership marks nCino's first customer in the Czech Republic, expanding its European presence to more than ten countries. The company's solutions span commercial lending, retail lending, SME banking, and onboarding, serving various institutions from neobanks to five of the top ten banks in the United Kingdom.
nCino (NASDAQ: NCNO) ha annunciato la sua espansione nella Repubblica Ceca attraverso una partnership con Československá obchodní banka (ČSOB), una delle prime 30 banche europee e filiale di KBC Bank NV. ČSOB ha scelto la piattaforma nCino per modernizzare le sue operazioni di prestiti commerciali e per le PMI.
L'implementazione mira a digitalizzare e semplificare i processi di prestito, migliorare l'efficienza operativa e fornire servizi personalizzati attraverso la soluzione di prestito commerciale nCino. ČSOB, con oltre 50 anni di leadership nei servizi finanziari cechi, utilizzerà la piattaforma per creare esperienze digitali fluide e ottenere approfondimenti più dettagliati sui clienti.
Questa partnership segna il primo cliente di nCino nella Repubblica Ceca, espandendo la sua presenza europea a più di dieci paesi. Le soluzioni dell'azienda spaziano dai prestiti commerciali, ai prestiti al dettaglio, alla banca per le PMI e all'onboarding, servendo varie istituzioni, dalle neobanche a cinque delle prime dieci banche nel Regno Unito.
nCino (NASDAQ: NCNO) ha anunciado su expansión en la República Checa a través de una asociación con Československá obchodní banka (ČSOB), uno de los 30 principales bancos europeos y filial de KBC Bank NV. ČSOB ha seleccionado la plataforma nCino para modernizar sus operaciones de préstamos comerciales y para pymes.
La implementación tiene como objetivo digitalizar y agilizar los procesos de préstamo, mejorar la eficiencia operativa y ofrecer servicios personalizados a través de la solución de préstamos comerciales nCino. ČSOB, con más de 50 años de liderazgo en los servicios financieros checos, aprovechará la plataforma para crear experiencias digitales fluidas y obtener una comprensión más profunda de los clientes.
Esta asociación marca el primer cliente de nCino en la República Checa, ampliando su presencia europea a más de diez países. Las soluciones de la empresa abarcan préstamos comerciales, préstamos al por menor, banca para pymes y onboarding, sirviendo a diversas instituciones desde neobancos hasta cinco de los diez principales bancos en el Reino Unido.
nCino (NASDAQ: NCNO)는 Československá obchodní banka (ČSOB)와의 파트너십을 통해 체코 공화국으로의 확장을 발표했습니다. ČSOB는 유럽 30대 은행 중 하나이며 KBC Bank NV의 자회사입니다. ČSOB는 상업 및 중소기업 대출 운영을 현대화하기 위해 nCino 플랫폼을 선택했습니다.
이번 구현의 목표는 대출 프로세스를 디지털화하고 간소화하며, 운영 효율성을 향상시키고 nCino 상업 대출 솔루션을 통해 맞춤형 서비스를 제공하는 것입니다. 체코 금융 서비스에서 50년 이상의 리더십을 가진 ČSOB는 이 플랫폼을 활용하여 원활한 디지털 경험을 창출하고 고객에 대한 더 깊은 통찰력을 얻을 것입니다.
이 파트너십은 nCino의 체코 공화국 첫 고객을 의미하며, 유럽 내 존재감을 10개국 이상으로 확장합니다. 이 회사의 솔루션은 상업 대출, 소매 대출, 중소기업 은행업 및 온보딩을 포함하며, 네오뱅크부터 영국 상위 10개 은행 중 5개까지 다양한 기관에 서비스를 제공합니다.
nCino (NASDAQ: NCNO) a annoncé son expansion en République tchèque par le biais d'un partenariat avec Československá obchodní banka (ČSOB), l'une des 30 meilleures banques européennes et filiale de KBC Bank NV. ČSOB a choisi la plateforme nCino pour moderniser ses opérations de prêt commercial et pour les PME.
L'implémentation vise à numériser et rationaliser les processus de prêt, à améliorer l'efficacité opérationnelle et à offrir des services personnalisés grâce à la solution de prêt commercial nCino. ČSOB, forte de plus de 50 ans de leadership dans les services financiers tchèques, utilisera la plateforme pour créer des expériences numériques fluides et obtenir des insights plus profonds sur ses clients.
Ce partenariat marque le premier client de nCino en République tchèque, étendant sa présence européenne à plus de dix pays. Les solutions de l'entreprise couvrent le prêt commercial, le prêt au détail, la banque pour PME et l'onboarding, servant diverses institutions allant des néobanques à cinq des dix plus grandes banques du Royaume-Uni.
nCino (NASDAQ: NCNO) hat seine Expansion in die Tschechische Republik durch eine Partnerschaft mit Československá obchodní banka (ČSOB), einer der 30 größten Banken Europas und Tochtergesellschaft von KBC Bank NV, angekündigt. ČSOB hat die nCino-Plattform ausgewählt, um ihre Geschäftsanleihen- und KMU-Darlehensoperationen zu modernisieren.
Die Implementierung zielt darauf ab, die Darlehensprozesse zu digitalisieren und zu optimieren, die betriebliche Effizienz zu steigern und personalisierte Dienstleistungen über die nCino Commercial Lending Solution anzubieten. ČSOB, das über 50 Jahre Erfahrung im tschechischen Finanzdienstleistungssektor verfügt, wird die Plattform nutzen, um nahtlose digitale Erlebnisse zu schaffen und tiefere Einblicke in die Kunden zu gewinnen.
Diese Partnerschaft markiert nCinos ersten Kunden in der Tschechischen Republik und erweitert die europäische Präsenz auf mehr als zehn Länder. Die Lösungen des Unternehmens umfassen Geschäftsanleihen, Einzelhandelsanleihen, KMU-Banking und Onboarding und bedienen verschiedene Institutionen, von Neobanken bis zu fünf der zehn größten Banken im Vereinigten Königreich.
- Expansion into new European market with first Czech Republic customer
- Partnership with a top 30 European bank strengthens market position
- Growing European presence across 10+ countries including major UK banks
- None.
Insights
nCino's partnership with Československá obchodní banka (ČSOB) represents a strategic expansion into the Czech Republic, marking their first customer in this market and extending their European footprint to over ten countries. This deal with one of Europe's top 30 banks significantly validates nCino's commercial lending technology in the competitive European financial services sector.
The partnership focuses on ČSOB implementing nCino's Commercial Lending Solution to digitize and streamline operations - addressing critical efficiency challenges in the banking sector. Winning ČSOB, a KBC Bank subsidiary with 50+ years of leadership in Czech financial services, demonstrates nCino's ability to secure enterprise-level clients with complex requirements.
This expansion aligns with nCino's growth strategy of penetrating European markets where digital transformation of commercial and SME lending remains a priority. The partnership diversifies nCino's customer base geographically, potentially reducing regional concentration risk. While financial terms weren't disclosed, enterprise deals with major financial institutions typically represent meaningful revenue opportunities with potential for expansion across additional banking functions.
For context, nCino has successfully established relationships with five of the top ten banks in the United Kingdom, showing a pattern of winning significant financial institutions in European markets.
The ČSOB partnership highlights nCino's effective land-and-expand strategy in European banking markets. By securing this relationship with a KBC subsidiary, nCino gains both immediate business and potential inroads to the broader KBC Group operating across Belgium, Bulgaria, Hungary, Slovakia, and Ireland.
Commercial and SME lending represents an ideal entry point for banking technology providers, as these operations typically suffer from manual processes and disconnected systems - creating tangible ROI opportunities through digitization. The commentary from ČSOB's Executive Director emphasizes their focus on speed and personalization, suggesting legacy systems weren't meeting modern lending requirements.
This deal follows nCino's established pattern of targeting sophisticated financial institutions across diverse European markets rather than focusing solely on individual countries. Their presence in ten European countries indicates a deliberate regionalization strategy rather than opportunistic sales.
The solution scope specifically mentions commercial lending rather than the full nCino platform, suggesting a focused initial deployment that could expand to other banking functions. For nCino investors, these enterprise deployments typically begin with specific business lines before expanding horizontally across the institution - creating long-term customer lifetime value beyond initial contract revenue.
nCino expands presence in Europe with its first customer in the Czech Republic
LONDON, March 11, 2025 (GLOBE NEWSWIRE) -- nCino, Inc. (NASDAQ: NCNO), the leading provider of intelligent, best-in-class banking solutions, today announced that Československá obchodní banka (ČSOB), a subsidiary of KBC Bank NV, and one of the top 30 banks in Europe, has chosen the nCino Platform to digitize and streamline its Commercial and SME Lending operations.
With over 50 years of leadership in Czech financial services, ČSOB is committed to providing innovative and efficient solutions to its diverse clientele, from SMEs to corporate and institutional clients. Recognizing the need for digital transformation to better meet evolving client expectations, ČSOB will leverage the nCino Commercial Lending Solution to enhance operational efficiency, create seamless digital experiences, and gain deeper insights into client needs to offer more personalized services.
"We’re dedicated to bringing best-in-class technology to our clients and ensuring we stay at the forefront of financial innovation," said Tomáš Stegura, Executive Director, SME & Corporate Segment at CSOB. "With nCino, we are taking an exciting step forward in our ability to provide fast, tailored lending solutions that meet the demands of today’s market."
"We’re excited to partner with ČSOB to bring exceptional experiences to its clients,” said Joaquin de Valenzuela, Managing Director of EMEA at nCino. “nCino is a trusted partner to financial institutions worldwide, and we look forward to driving the industry forward with our intelligent solutions and innovative partners like ČSOB.”
nCino now has customers in more than ten European countries, ranging from neobanks to five of the top ten banks in the United Kingdom. The Company offers solutions across commercial lending, retail lending, SME banking, and onboarding, helping financial institutions streamline processes, reduce operational inefficiencies, and deliver personalized, automated client experiences.
About nCino
nCino (NASDAQ: NCNO) is powering a new era in financial services. The Company was founded to help financial institutions digitize and reengineer business processes to boost efficiencies and create better banking experiences. With over 1,800 customers worldwide - including community banks, credit unions, independent mortgage banks, and the largest financial entities globally - nCino has developed a trusted platform of best-in-class, intelligent solutions. By integrating artificial intelligence and actionable insights into its platform, nCino is helping financial institutions consolidate legacy systems to enhance strategic decision-making, improve risk management, and elevate customer satisfaction by cohesively bringing together people, AI and data. For more information, visit www.ncino.com.
About CSOB
ČSOB is a wholly owned subsidiary of KBC Bank NV, whose shares are held (directly or indirectly) by KBC Group NV. ČSOB provides its services to all groups of clients, i.e. retail (individuals) as well as SME, corporate and institutional clients. ČSOB offers to its clients a wide range of banking products and services, including the products and services of the entire ČSOB group. ČSOB’s financial group includes strategic companies in the Czech Republic controlled directly or indirectly by ČSOB, or KBC, which offer financial services, namely ČSOB Hypoteční banka, ČSOB Pojišťovna, ČSOB Stavební spořitelna, ČSOB Penzijní společnost, ČSOB Leasing, ČSOB Factoring and Patria Finance. For more information, visit https://www.csob.cz/csob.
Media Contacts
Natalia Moose
press@ncino.com
Safe Harbor Statement
This press release contains forward-looking statements within the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements generally include actions, events, results, strategies and expectations and are often identifiable by use of the words “believes,” “expects,” “intends,” “anticipates,” “plans,” “seeks,” “estimates,” “projects,” “may,” “will,” “could,” “might,” or “continues” or similar expressions. Any forward-looking statements contained in this press release are based upon nCino’s historical performance and its current plans, estimates, and expectations, and are not a representation that such plans, estimates, or expectations will be achieved. These forward-looking statements represent nCino’s expectations as of the date of this press release. Subsequent events may cause these expectations to change and, except as may be required by law, nCino does not undertake any obligation to update or revise these forward-looking statements. These forward-looking statements are subject to known and unknown risks and uncertainties that may cause actual results to differ materially including, among others, risks and uncertainties relating to the market adoption of our solution and privacy and data security matters. Additional risks and uncertainties that could affect nCino’s business and financial results are included in reports filed by nCino with the U.S. Securities and Exchange Commission (available on our web site at www.ncino.com or the SEC's web site at www.sec.gov). Further information on potential risks that could affect actual results will be included in other filings nCino makes with the SEC from time to time.
FAQ
What is the significance of ČSOB selecting nCino's platform for their lending operations?
How will the nCino platform improve ČSOB's lending operations?
What is nCino's current market presence in Europe as of March 2025?
What solutions does nCino (NCNO) offer to financial institutions?
