Raiffeisen selects nCino to digitise corporate lending

By Aarav Garg

Raiffeisenbankengruppe Oesterreich, excluding Raiffeisen Bank International, has selected nCino to modernise corporate lending operations across its nationwide banking network, marking a significant win for the FinTech provider in the DACH (Germany, Austria and Switzerland) region.

The Austrian cooperative banking group will use the nCino platform as a unified system for corporate lending, aiming to standardise workflows across one of Europe’s largest decentralised banking structures.

Raiffeisenbankengruppe Oesterreich operates through eight regional Raiffeisenlandesbanken, which act as central financing institutions for around 270 local Raiffeisenbanken across Austria. The member-owned network has served businesses and communities for more than a century and represents one of Europe’s most established cooperative banking models.

“That institutional knowledge is already opening doors across Europe. In the DACH region, Raiffeisenbankengruppe Oesterreich is a powerful example of what’s possible when a traditional cooperative banking institution decides to modernise at scale,” added Joaquín de Valenzuela, Managing Director of EMEA at nCino.

Under the rollout, nCino will support the full corporate lending lifecycle, from initial application through credit assessment to final disbursement. The platform will cover products including current account credit, term loans and contingent business limits.

“Raiffeisenbankengruppe Oesterreich is aware of its responsibility towards society and provides strong momentum for the promotion of the regional economy. Raiffeisen focuses on long-term customer relationships, which are always built on trust — trust between our eight Raiffeisenlandesbanken, our local Raiffeisenbanken and the communities they serve,” said Reinhard Schwendtbauer, Chairman of the Raiffeisen Kooperationsgenossenschaft, which is a nationwide association built to enhance development among all Austrian Raiffeisen institutions.

The move reflects growing demand among European banks for modern lending infrastructure that can replace fragmented legacy systems, improve consistency and speed up decision-making. For cooperative networks, the challenge is often greater because systems must work across multiple institutions while preserving local operating models.

nCino said its experience with thousands of US credit unions helped position it for the mandate. Credit unions in the United States share similarities with European cooperative banks, particularly around member ownership, community focus and distributed structures.

For Raiffeisenbankengruppe Oesterreich, the project is expected to create a more standardised and scalable lending environment across the network, while supporting local institutions with modern digital capabilities for business customers.