Československá obchodní banka (ČSOB), part of KBC Bank, has selected nCino’s commercial lending platform to digitise and streamline its commercial and small and medium-sized enterprises (SME) lending services.

The move aligns with the bank’s efforts to enhance operational efficiency and provide a seamless digital experience for its clients.

With more than five decades in the Czech financial sector, ČSOB serves a broad range of clients, including SMEs, corporate, and institutional customers.

The bank plans to utilise the nCino Commercial Lending Solution to improve operational efficiency, deliver enhanced digital experiences, and gain a better understanding of client requirements.

CSOB SME and corporate segment executive director Tomáš Stegura said: “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.”

nCino provides digital solutions for commercial lending, retail lending, SME banking, and onboarding to customers in more than ten European countries.

Its platform is used by various financial institutions, including neobanks and five of the ten largest banks in the UK, nCino said.

As a fully owned subsidiary of KBC Bank NV, ČSOB offers a wide range of banking products and services to all client groups.

The integration of nCino’s technology is anticipated to further strengthen ČSOB’s service offerings across the board.

The adoption of the platform follows a similar move by Shawbrook in the UK last year, which leveraged nCino’s platform to improve its loan origination and portfolio management.

This initiative aims to automate complex lending procedures and optimise client portfolios, accelerating market delivery and enhancing service to the SME sector.