Financial institutions
ING has a wide product range to service other Financial Institutions.
- Our Concentration Services enable other banks to use ING as single entry point for their payments, both incoming and outgoing. Via one loro at ING, we ensure your payments will reach the final beneficiary, wherever located, against excellent and guaranteed conditions. This is possible for Euro's (Eurogate) and also most other currencies (multi-currency gateway). Additional services include benededucts and rebates.
- If you are a financial institution looking to expand your geographical reach, Alliance Banking will be a perfect solution. ING allows your corporates to open accounts in the ING network and as such, your corporates will have access to the ING PCM product offering. This enables you to meet the growing needs - both in product- as geographical scope - of your corporate clients. Our extensive network includes 28 European countries.
- In addition, ING can offer other banks indirect access to the PEACH and Target2, thus allowing other banks to limit their investments in the new pan-European developments. For SEPA we offer XML Services and Conversion Services if you are not yet able to use XML. For Target2 we also offer the settlement of Anciliarry Systems in various countries. In selected markets, access to local ACHes is also possible.
ING's experience in payments is unmatched as a top pan-European player, one of Europe’s largest financial services providers and a pioneer in the Euro markets. ING is involved in many SEPA workgroups. Our payment specialists have an intimate understanding of SEPA and can advise your clients on migration and other issues.
For more details, see www.ingfi.com