ING expands instant lending to SMEs in France and Italy
24 Octobre 2017 - 8:01AM
ING announced today it has started to offer online lending to
small and medium enterprises (SMEs) in France and Italy. The
proposition fits ING's strategy to grow its lending business to
SMEs and creating a differentiating customer experience. The
offering has been developed in a unique collaboration with
suppliers and fintechs, including Kabbage, the fintech ING is
already offering instant lending with to SMEs in Spain since 2016.
ING invested in Kabbage late 2015.
The service will be offered as one identical digital solution on
the ING website in both France and Italy. While ING manages the
entire process, the bank works with multiple partners combining
specialist capabilities. This reflects the way ING believes
collaboration should look: select the specialists that can help you
develop the solution the customer is really waiting for. Next to
Kabbage, these fintechs are, among others, VI Company for the
digital on-boarding and InfoCert for the E-signature. ING itself
is, besides managing the whole process, taking care of the
initiation of the loan and holds the loan on its balance sheet.
Benoit Legrand, global head of Fintech commented: "We're happy
to expand the instant lending offering for SME customers to more
countries across Europe. This way we're able to empower a new
segment of customers in France and Italy. The service offers great
advantage for customers who want to concentrate on running their
businesses and don't want to spend too much time on managing their
finances. In a paperless and digital process, clients can get
approval for a loan up to EUR 100,000 within 10 minutes. It's a
fully transparent and flexible product: for example, the maximum
limit can be taken in different loans. This solution illustrates
how ING is using the numerous opportunities the digital revolution
offers to help people to stay a step ahead in life and in
business."
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ING PROFILE ING is a global financial institution with a
strong European base, offering banking services through its
operating company ING Bank. The purpose of ING Bank is empowering
people to stay a step ahead in life and in business. ING Bank's
more than 51,000 employees offer retail and wholesale banking
services to customers in over 40 countries. ING Group shares are
listed on the exchanges of Amsterdam (INGA AS, INGA.AS), Brussels
and on the New York Stock Exchange (ADRs: ING US, ING.N).
Sustainability forms an integral part of ING's strategy, which is
evidenced by the number one position among 395 banks ranked by
Sustainalytics. ING Group shares are being included in the
FTSE4Good index and in the Dow Jones Sustainability Index (Europe
and World) where ING is among the leaders in the Banks
industry group. IMPORTANT LEGAL INFORMATION Elements
of this press release contain or may contain information about ING
Groep N.V. and/ or ING Bank N.V. within the meaning of Article
7(1) to (4) of EU Regulation No 596/ 2014. Projects may
be subject to regulatory approvals. Certain of the statements
contained herein are not historical facts, including, without
limitation, certain statements made of future expectations and
other forward-looking statements that are based on management's
current views and assumptions and involve known and unknown risks
and uncertainties that could cause actual results, performance or
events to differ materially from those expressed or implied in such
statements. Actual results, performance or events may differ
materially from those in such statements due to a number of
factors, including, without limitation: (1) changes in general
economic conditions, in particular economic conditions in ING's
core markets, (2) changes in performance of financial markets,
including developing markets, (3) potential consequences of
European Union countries leaving the European Union or a break-up
of the euro, (4) changes in the availability of, and costs
associated with, sources of liquidity such as interbank funding, as
well as conditions in the credit and capital markets generally,
including changes in borrower and counterparty creditworthiness,
(5) changes affecting interest rate levels, (6) changes
affecting currency exchange rates, (7) changes in investor and
customer behaviour, (8) changes in general competitive
factors, (9) changes in laws and regulations and the
interpretation and application thereof, (10) geopolitical
risks and policies and actions of governmental and regulatory
authorities, (11) changes in standards and interpretations
under International Financial Reporting Standards (IFRS) and
the application thereof, (12) conclusions with regard to
purchase accounting assumptions and methodologies, and other
changes in accounting assumptions and methodologies including
changes in valuation of issued securities and credit market
exposure, (13) changes in ownership that could affect the
future availability to us of net operating loss, net capital and
built-in loss carry forwards, (14) changes in credit ratings,
(15) the outcome of current and future legal and regulatory
proceedings, (16) ING's ability to achieve its strategy,
including projected operational synergies and cost-saving
programmes and (17) the other risks and uncertainties detailed
in the most recent annual report of ING Groep N.V. (including the
Risk Factors contained therein) and ING's more recent
disclosures, including press releases, which are available on
www.ING.com. Many of those factors are beyond ING's control.
Any forward looking statements made by or on behalf of ING speak
only as of the date they are made, and ING assumes no obligation to
publicly update or revise any forward-looking statements, whether
as a result of new information or for any other reason. This
document does not constitute an offer to sell, or a solicitation of
an offer to purchase, any securities in the United States or any
other jurisdiction. |
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