ING Bank

ING Selects Paysafe for Cash Deposits and Withdrawals

ING Selects Paysafe for Cash Deposits and Withdrawals
By Julie Muhn (@julieschicktanz) Posted on
Categories: Daily news, ING Bank
  • ING Germany has tapped Paysafe’s cash arm, viafintech, to offer its users cash deposit and withdrawal services.
  • Using ING Germany’s Banking to Go app, customers can deposit and withdrawal cash at more than 12,500 participating brick-and-mortar stores.
  • Withdrawals are free, but customers will be charged a 1.5% fee on the total amount they deposit.

Global payments platform Paysafe announced today that its cash arm, viafintech, has partnered with ING Germany. Under the agreement, ING Germany will leverage viafintech for its cash deposit and withdrawal features.

viafintech’s technology will enable ING Germany to offer its nine-plus million customers to access a new feature, ING Cash, in its Banking to Go app. The tool will empower users to make cash deposits or withdrawals from their current account at participating brick-and-mortar retailers.

Here’s how it works: a customer decides how much they want to withdraw or deposit, and the app generates a barcode that they can scan at a participating brick-and-mortar store. Currently, ING Germany has more than 12,500 participating stores in Germany, including Rewe, Penny, Rossmann, and dm drogerie Markt.

Users are not required to make a minimum purchase at the retail locations. And while it is free for them to withdrawal funds, ING Germany charges a 1.5% fee on the total amount they deposit.

viafintech was founded in 2011 and was acquired by Paysafe in 2021. The company’s API offers organizations access to its payment infrastructure that enables cash withdrawals and deposits, bill payments, credit payouts, cashless payment methods, prepaid solutions, and gift cards.

Paysafe is a legacy player in the fintech space, having launched in 1996. The U.K.-based company offers payment processing, digital wallet, and online cash solutions connecting businesses and consumers across 100 payment types in over 40 currencies around the world. Last year, Paysafe processed $120 billion in transactions. The company is publicly listed on the New York Stock Exchange under the ticker PSFE and has a market capitalization of $824 million.

Photo by Dom J

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ThetaRay Signs with ING Netherlands to Detect SME Lending Fraud

ThetaRay Signs with ING Netherlands to Detect SME Lending Fraud
By Julie Muhn (@julieschicktanz) Posted on
Categories: ING Bank, ThetaRay

Screen Shot 2016-06-20 at 11.41.09 AM

Big-data analytics company ThetaRay inked an agreement today with ING Netherlands that combines its Advanced Analytics solution for fraud detection with ING’s existing risk engine.

The partnership will empower ING to uncover new SME lending fraud by detecting anomalies through its transactional and organizational data. Beate Zwijnenberg, director of fraud and cybersecurity for ING Netherlands, says that ThetaRay impressed the company by “rapidly identifying a number of transactional anomalies.” She describes the company’s precision in detecting fraudulent activity as “truly innovative.”

ThetaRay’s algorithms help financial services organizations protect against cybersecurity threats, enhance operational efficiency, and detect risk. At FinovateFall 2015, Theta Ray’s fraud and credit risk algorithms were demoed. Udi Solomon, VP of product, began the demo saying, “We are able to take any type of structured or semi-structured data source to automatically and in just a few seconds… to detect the first signs of anomalous activity.” He continued by showing how the algorithms help banks leverage their big data.

thetaraydemoUdi Solomon (VP, Product) demoes ThetaRay at FinovateFall 2015.

ThetaRay, headquartered in Israel and the United States, has raised a total of $25 million from investors including Alibaba and General Electric. Mark Gazit is CEO. Last fall, the company was named Most Innovative Industrial Internet Technology at GE’s Minds + Machines 2015.

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Brunon Bartkiewicz Named New CEO at ING Bank Slaski

Brunon Bartkiewicz Named New CEO at ING Bank Slaski
By David Penn Posted on
Categories: ING Bank

INGBankSlaski_homepage_Mar2016

After spending two years as ING Bank’s Chief Innovation Officer—as well as time as ING Direct’s General Manager—Brunon Bartkiewicz (circle picture) will once again be CEO of ING Bank Śląski.

Brunon_Bartkiewicz_headshotThe change comes amid a flurry of activity for the Polish division of the innovative Dutch bank. Current ING Bank Śląski CEO Małgorzata Kołakowska will be taking on new responsibilities as global head of network for wholesale banking.

And new CIO Julía Vilar not only will be taking over as chief innovation officer, but also will head ING Bank Śląski’s retail banking segment. The new position was created in order to “strengthen the overall steering and coordination of retail banking” at the firm, as well as to “give greater executional certainty to new retail innovation projects.”

The transitions are expected to take place in May.

INGBankSlaski_stage_FEU2016

Pictured (left to right): Bartosz Dobrowolski (Customer Success Director, uselab) and Adam Walendziewski (Deputy Director, Direct Distribution Channels, ING Bank) demonstrating ING Business at FinovateEurope 2016 in London.

ING Bank Śląski began the year winning a pair of awards from International Finance Magazine, earning recognition as the “Most Innovative Bank” and “Best Customer Service Bank.” And last December, the bank was named “Best Bank in Poland” by The Banker, the “global financial intelligence unit” at the Financial Times. Earlier this month, ING Bank Śląski announced plans for a 4.3 zlotys-per-share dividend, up from 4 zlotys last year.

With 7% of the total assets of the Polish banking sector, ING Bank Śląski is one of the largest banks in Poland. ING Bank Śląski was founded in 1989 and, as of September 2015, served four million clients and employed more than 8,000. The company demoed its ING Business solution in cooperation with uselab at FinovateEurope 2016.

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Finovate Alumni News

By David Penn Posted on
Categories: Bill.com, CardFlight, DigiByte Holdings Limited, FairCom, Fenergo, ING Bank, Insuritas, Jack Henry, Motif Investing, Nostrum Group, Payoneer, Praesidio, Solace Systems, WePay, Xignite

On Finovate.com

  • “Brunon Bartkiewicz Named New CEO at ING Bank Slaski”

On FinDEVr.com

Around the web

  • Xignite announces its XigniteGlobalCurrencies API is now available in the Oracle Cloud Marketplace. Join Xignite at FinDEVr 2016 in New York, March 29 and 30.
  • CardFlight integrates with Stripe to encourage developers to build EMV payment functionality within their mobile apps.
  • Jack Henry partners with The Clearing House to help spread “real-time payment ubiquity” among FIs.
  • Fenergo to provide Client Lifecycle Management solutions to Nikko Securities America.
  • WePay wins gold at 2016 Stevie Awards for sales and customer service.
  • Entrepreneur reports: Payoneer to enter Indian market.
  • Insuritas replaces GoogleCompare by launching new technology that provides one-stop shopping for financial products.
  • Bill.com launches the Bill.com Network to promote faster, lower-cost payments for businesses.

This post will be updated throughout the day as news and developments emerge. You can also follow all the alumni news headlines on the Finovate Twitter account.

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FinovateEurope Sneak Peek: ING Bank & Uselab

FinovateEurope Sneak Peek: ING Bank & Uselab
By Julie Muhn (@julieschicktanz) Posted on
Categories: FinovateEurope 2016, FinovateEurope 2016 Sneak Peek, ING Bank, Uselab

INGHomepage

 

FEULogowithDateA look at the companies demoing live to 1,500 fintech professionals. Register today.

 

ING Bank Śląski, co-presenting with Uselab, has created the first holistic corporate banking ecosystem, ING Business, providing our business customers with a truly omnichannel experience.

Features

  • Mobile-first design, works on all devices
  • Pre-defined customer dashboards
  • The utmost standards in user experience

Why it’s great
ING Business ensures uninterrupted, seamless support for the company’s business processes while transforming customer-experience standards from individual e-banking to the B2B world.

INGPresenter1Presenters

Adam Walendziewski, Deputy Director of Direct Distribution Channels at ING Bank Śląski
More than a decade of experience in product development and project management; visionary internet and mobile solutions for corporate clients. Passionate about adapting new trends in technology to daily business.
LinkedIn

INGpresenter2Bartosz Dobrowolski, Customer Success Director at Uselab
More than 10 years’ experience in vision development and innovative product design. Loves people and strives to work closely to ensure products provide real business value.
LinkedIn

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Finovate Alumni News

By David Penn Posted on
Categories: Alkami Technology, Avoka, Clover Network, Coinbase, Encap, Envestnet, eWise, ING Bank, investUP, Kasasa, Kashoo, Larky, Meniga, NICE Systems, OutsideIQ, Revolut, Strands, Uselab

On Finovate.com

  • Larky Launches at Three New Credit Unions.
  • London’s Revolut Unveils Version 2.0 of its Personal Money Cloud

Around the web

  • Fifth Third Bancorp to deploy AML solutions from NICE Systems’ Actimize.
  • PYMNTS.com interviews Kashoo Communications lead Dave Clarke on cloud accounting.
  • Baxter Credit Union ($2.4 billion) chooses ORB platform from Alkami Technology.
  • Roundup of Australia fintech startups features Avoka. See Avoka at FinovateEurope 2016 in London.
  • Encap releases version 3.1 of its mobile authentication and security platform.
  • First Data’s Clover launches Clover Go mobile POS dongle.
  • Coinbase introduces price alert push notifications on iOS and Android.
  • In 2015, Kasasa sees 45% growth in clients, now counts 779 signed community FIs.

This post will be updated throughout the day as news and developments emerge. You can also follow all the alumni news headlines on the Finovate Twitter account.

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