Československá obchodní banka (CSOB) Selects the nCino Platform to Modernize Commercial & SME Lending

Rhea-AI Summary

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.

Positive

• 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

Negative

• None.

News Market Reaction

-1.90%

1 alert

-1.90% News Effect

On the day this news was published, NCNO declined 1.90%, reflecting a mild negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

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?

ČSOB's selection represents nCino's first customer in the Czech Republic and expands their presence to over 10 European countries, marking significant growth in the European market.

How will the nCino platform improve ČSOB's lending operations?

The platform will digitize and streamline Commercial and SME Lending operations, enhance operational efficiency, create seamless digital experiences, and enable more personalized services through deeper client insights.

What is nCino's current market presence in Europe as of March 2025?

nCino operates in more than 10 European countries, serving various institutions including neobanks and five of the top ten banks in the UK.

What solutions does nCino (NCNO) offer to financial institutions?

nCino provides solutions across commercial lending, retail lending, SME banking, and onboarding, helping institutions streamline processes and reduce operational inefficiencies.