Latest ING News: Finextra Research

Leading banks collaborate with SAP on Web Services definitions

ABN Amro, Barclays, BBVA, Credit Suisse, Deutsche Postbank, ING and Standard Bank are collaborating with SAP in an effort to define bank-specific business processes for delivering an enterprise-wide service oriented architecture.

07 December 2005

/retail

ING cuts 500 IT jobs; outsources 2200

Dutch banking group ING is cutting 500 jobs and outsourcing a further 2200 positions at its operations and IT division in Belgium and the Netherlands.

02 November 2005

/wholesale

ING Wholesale Banking rolls out Bolero trade finance products

Dutch firm ING Wholesale Banking is implementing Bolero's trade finance products BoleroAdvise and BoleroApply to automate letter of credit (LoC) processes for its corporate clients.

18 October 2005

/regulation

ING rolls out Reuters risk system

Dutch banking group ING is rolling out Reuters' trade and risk management system, Kondor+, to all 1200 users at its global financial markets division.

13 September 2005

/retail

ING Direct signs for Experian anti-money laundering system

ING Direct, the telephone and Internet bank operation of Holland's ING, has signed a five year deal for Experian's online anti-money laundering service which it will use to screen new customers.

08 September 2005

/retail

ING Postbank deploys Sun Internet banking platform

Dutch financial services firm ING has implemented an Internet banking system developed by Sun Microsystems at its retail banking subsidiary, Postbank.

30 August 2005

/regulation

ING Direct rolls out ACI fraud detection kit

ING Direct, the Internet and phone banking arm of Dutch banking group ING, is implementing ACI Worldwide's anti-money laundering and fraud detection software, Proactive Risk Manager, across its operations in Australia, France, Italy, Spain, Canada, US and the UK.

18 August 2005

/retail

ING licenses FircoSoft AML software

Dutch banking group ING is implementing anti-money laundering software from French vendor FircoSoft to detect high-risk customers across its global operations.

27 July 2005

/Sibos

Dutch banks agree digital billing standard

Holland's top four banks have reached agreement on a standard for exchanging digital bills and invoices via Internet banking with a view to introducing a national scheme in the first half of 2006.

18 July 2005

/retail

ING to cut 450 IT jobs; explores outsourcing

Dutch bank ING is to cut 450 jobs at its operations & IT division in Belgium and the Netherlands, and explore the possibilties for outsourcing other functions.

14 July 2005

/retail

ING Direct implements Avaya call centre technology

ING Direct, the Internet and phone banking arm of Dutch bank ING, has implemented an IP telephony system supplied by Avaya at its call centre in Cardiff.

06 July 2005

/retail

Internet banking pays off for ING

Dutch financial group ING is reporting a 72% rise in first quarter profit, boosted by a strong performance by its remote banking subsidiary ING Direct.

13 May 2005

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