Orange blog - Innovation
Bulks & VOP: New opportunities for cash?
From bulk payments to payee confirmation, the EU's Instant Payments Regulations offer new opportunities for treasurers, even beyond real-time transfers.
Bulks & VOP: New opportunities for cash?
Blockchain, fintechs or digitalisation – innovations not only change the financial world, but also make business models more efficient and transparent.
The world is changing rapidly, and with it whole sectors and areas of business. As a bank, we want to play an active role in shaping this change and, together with our corporate customers, to continue to think about their business model. No matter what challenges your company faces, we are convinced that we can use innovative ideas and new concepts to overcome those challenges. We are always thinking one step ahead and are very aware of the areas that will help you and your business to grow.
Our innovative solutions are developed in collaboration with fintechs and third-party providers. Because innovation is best created together.
Greater efficiency, increased transparency, and reduced risks: Digitalisation in trade finance promises much, but also presents significant challenges.
Digitalisation in Trade Finance
Digitalisation in Trade Finance
Real-time cash flow movements and a prompt overview of liquidity and FX assets: using Application Programming Interfaces (APIs) provides entities with improved liquidity management, process control and risk control capabilities. By providing real-time data, the treasury is increasingly becoming a driving force for management. Previously, data required had to be retrieved from various, often non-integrated, systems at the reporting date. APIs can help this situation in the future.
APIs: The Treasury becomes a strategic management partner
APIs: The Treasury becomes a strategic management partner
Fraudsters use a fake bank guarantee to create the illusion that safety is in place. This will persuade you to make the deal thinking the risk is covered. How can companies avoid the scam?
Bank guarantee fraud and how to avoid them
Bank guarantee fraud and how to avoid them
The number of CxO frauds via the means of deepfake is increasing. The sophistication of these frauds can lead to significant financial and reputational damage to your organisation, making it crucial for employees at all levels to be informed and vigilant.
See through the illusion of deepfake
See through the illusion of deepfake
Know-your-customer (KYC) audits are of great importance in the cooperation between companies and their bank. The regulatory requirements contribute to a secure financial sector. It is therefore no wonder that so much attention is paid to the KYC processs.
Digital onboarding - a different kind of KYC
Digital onboarding - a different kind of KYC
Digitising documents makes it easier to manage guarantees efficiently, while ensuring legal certainty. The advantages of centralized guarantee management are manifold.
Fewer risks due to digital guarantee management
Fewer risks due to digital guarantee managementNo other technology is currently changing so many areas of life as artificial intelligence (AI). AI applications such as music streaming, smart home devices or voice assistants on cell phones are already an integral part of our everyday lives. But AI is not stopping at banking either: in addition to some challenges, it holds the opportunity to make banking even easier and more intuitive for (corporate) customers.
How artificial intelligence is influencing the banking of the future
How artificial intelligence is influencing the banking of the futureInstant payments have been technically possible in the European Union since the EU SEPA Instant Payments (SCT Inst) standard was introduced in 2017.
Instant payments: Eastern Europe leading the way
Instant payments: Eastern Europe leading the wayING started introducing instant payments from 2019 onwards. As a pan-European bank, ING’s ambition is to offer Instant payments in all countries in which it has a local presence. Here you can find information on what instant payments are, what the advantages are, and when you can initiate or receive them.
Instant Payments
Instant PaymentsWith “virtual credit cards” corporates can streamline payment processes. For this reason, they are likely to become a fixed part of the payment process very soon.