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ING’s Yolt money app beta launches in UK

yolt logo

With an intended jolt and volt of energy, Yolt, a new money platform backed by ING, has launched its open beta for iOS and Android in the UK. The app has been tested in closed beta since October last year, and is now ready to invite more people to the platform. Yolt enables users to […]

ABN Amro and ING lead charge for Dutch ATM survival

Flag_of_the_Netherlands.svg

ABN Amro, ING, Rabobank and Geldservice Nederland (GSN) have teamed up to explore a potential initiative to ensure the availability of ATMs in the Netherlands. These discussions are being conducted in consultation with the nation’s central bank, De Nederlandsche Bank (DNB), and draw upon “successful initiatives” in Sweden and Finland. With the rise of digital […]

R3, HQLAX and five banks build collateral lending solution on blockchain

Blockchain

Distributed ledger technology (DLT) consortium R3, together with five of its members and financial resource management specialist HQLAX have built a collateral lending solution for liquidity transfers. The solution is based on R3’s flagship platform, Corda, and is “an operating model for a digital collateral receipt (DCR) lending marketplace”.

Protecting porous perimeters via identity access management

Identity access management

With the growth of “mobile working” and an increasing number of business applications migrating to the cloud, the corporate perimeter has become more porous and vulnerable, driving demand for solutions that manage access and user identities securely and efficiently. This is where identity access management (IAM) technologies come into play. ING’s Sicco Boomsma explores.

ING and Société Générale oil up on blockchain

ING and Société Générale have used blockchain to carry out a live oil trade between parties with Mercuria, the global commodity trading group. The platform, called “Easy Trading Connect”, is designed for paperless trading and aims to digitalise and standardise commodity transactions in order to “increase speed and efficiencies” in the trade process. The prototype […]

ING cans Twyp mobile payments app in the Netherlands, but keeps it going in Spain

ING Twyp

ING is pulling a plug on its peer-to-peer (P2P) mobile payments app, Twyp, in the Netherlands due to the lack of customer uptake. However, the app will continue to function in Spain.

Top fintech stories this week – 7 October 2016

Banking Tech 2

Catch up on Banking Technology’s top five fintech stories of the week – all in one place!

Virtual bank accounts: forget what you thought you knew

Dick Oskam, ING

Virtual bank accounts (VBAs) are a hot topic among the treasury community today. While you may have heard of VBAs before, their usage is rapidly evolving – and their benefits for treasurers continue to grow. Dick Oskam, global head of sales for transaction services at ING Bank, explains what VBAs are all about. In an increasingly […]

ING makes cross-border virtual cash management a reality

ING Bank Romania

ING Wholesale Banking has launched Virtual Cash Management (VCM), a digital solution for corporates to centralise treasury functions. The firm says VCM enables treasurers to rationalise and simplify account structures and to set-up or “enhance” in-house bank structures with capabilities including invoice matching, reconciliation, internal transfers, and an intercompany loan administration. Dick Oskam, global head […]

Four to score in ING innovation studio

ING Bank Romania

Four start-ups will enter ING’s Innovation Studio in September to see whether they can make the big time – the launch of a viable commercial business. Axyon AI, Gekko, Startup Insight and Surance will take part in the bank’s accelerator programme, the third of its type, since it began in July 2015. ING selected the […]

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