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Highlights

  • Banque Raiffeisen selects nCino to digitize loan and credit chain management processes
  • The partnership supports operational efficiency and regulatory compliance for Luxembourg’s cooperative bank
  • nCino expands presence to over 20 countries with its entry into Luxembourg

nCino, Inc. (NASDAQ: NCNO) has announced its entry into Luxembourg through a new partnership with Banque Raiffeisen, the country’s only cooperative bank. The agreement will see Banque Raiffeisen implement the nCino platform to digitize its loan and credit chain management operations.

Founded in 1926, Banque Raiffeisen has been a consistent presence in Luxembourg’s financial landscape. The bank’s selection of nCino is intended to streamline internal processes, reduce turnaround times in loan approvals, and maintain compliance with evolving regulatory standards. The digitization effort is part of a broader initiative to modernize service delivery and improve customer-facing operations.

The nCino platform offers integrated, cloud-based tools that support commercial lending, mortgage lending, and small-to-medium enterprise (SME) banking. It incorporates artificial intelligence and data analytics to improve automation, workflow management, and overall transparency in banking operations.

This deal represents nCino’s first client in Luxembourg, adding to its growing European footprint. With existing partnerships across multiple regions, nCino now operates in more than 20 countries, positioning itself as a software provider for financial institutions seeking to modernize legacy systems.

Banque Raiffeisen’s adoption of the nCino platform comes at a time when digital transformation in banking is accelerating across Europe. Regulatory expectations, customer behavior, and market competition are driving financial institutions to reassess outdated infrastructure. By implementing a cloud-based solution, Banque Raiffeisen is aiming to improve internal efficiencies while offering a more consistent and digitally enabled experience to its clientele.

While neither company disclosed financial terms of the agreement, the implementation reflects a broader trend of legacy banks engaging with fintech providers to update their operational models. The transition from traditional systems to integrated digital platforms has become increasingly common as financial services institutions face pressure to adapt to both technological change and customer expectations.