nCino, Inc. (NASDAQ: NCNO), the provider of intelligent, banking solutions, 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 solutions to its 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.”
nCino now has customers in more than ten European countries, reportedly 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.”
As covered, nCino is powering what it claims is ‘a new era” in financial services.
The company was founded to help FIs “digitize and reengineer business processes to boost efficiencies and create better banking experiences.”
With a wide range of customers – including various banking institutions, credit unions, mortgage banks, and the largest financial entities globally – nCino says it has “developed a platform of best-in-class, intelligent solutions.”
By integrating artificial intelligence and 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.”
As noted n the update, 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 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.”
