The pilot occurs after a successful proof of concept in September with BNP, Commerzbank and ING; they hope to expand later this year with more banks, credit insurers and enterprise planning and logistics providers; they are looking to address risk mitigation, payables finance and receivables finance; “The technology ran fast and smoothly and the positive results showed us we are on the right track and ready to take the next step by entering into a pilot," said Ivar Wiersma, head of innovation at ING Wholesale Banking, to CoinDesk. Source.
During a panel discussion at LendIt Europe in London representatives from leading incumbent lenders Lloyds Banking Group (LBG), ING, BBVA, HSBC, and Barclays discussed the challenges faces in the new digital world; topics discussed include cultural transformation, more power in the customers hands and trying to stay on top of the latest tech trends. Source.
With the advent of open banking ING says they see themselves more as an intermediary within a financial services marketplace;...
Forbes partnered with market research firm Statista to measure the best banks in more than 20 countries by surveying more...
ABN Amro, ING and Rabobank were the victims of DDoS cyber attacks this past weekend; all the banks saw their websites become unavailable or would run extremely slow; the companies have released statements that their services are now fully restored and that clients’ details were not compromised. Source.
The new client house branch will allow retail, business and private banking customers to enjoy coffee and receive personal service; “A client house to me should feel like home,” comments Erik Van Den Eynden, CEO of ING Belgium, to Banking Technology; the branch has all the banks’ typical functions and meeting rooms complete with screens for video conferencing; the company will attempt to open about 15 by end of 2020. Source.
The Dutch bank is linking their small business customers to the marketplace lender Funding Options; the news also means that...
ING and Société Générale Corporate & Investment Banking presented a blockchain test prototype for oil trading at IP Week in London; the platform they have developed is called Easy Trading Connect and the prototype tested a live oil trade by global commodity trading group, Mercuria; the blockchain test proved significant advantages in speed, cost and risk benefits; overall the test found blockchain helpful in improving trading inefficiencies, specifically the exchange of physical documents globally; it also helped to reduce the bank's transaction time in the trading process to 25 minutes from three hours. Source
A new report by Dutch bank ING says 69 percent of consumers expect their bank to provide the latest technology...
A study of around 15,000 consumers in 15 different countries by Dutch bank ING found that the British are wary...