Insights
Data Republic website
Published
Share
Share on facebook
Share on twitter
Share on linkedin
Share on email

ING inks 5-year deal with blockchain tech firm R3

The deal allows the Dutch bank an unlimited number of licenses on R3’s commercial blockchain platform, Corda Enterprise. ING will be able to use blockchain in its global operations across many areas of business including trade finance, insurance, capital markets, and identity.

Annerie Vreudenhil, who heads innovation for wholesale banking at ING, stated that with the partnership, “We are one step closer to deploying live DLT solutions for our clients” via R3, which she calls “the most mature enterprise DLT solution to serve the needs of the financial services industry”.

ING and R3 have already had previous relationships.

Recently, the Dutch bank also said it would establish an analytics academy to assist its employees improve their data literacy.

Share this Article
Share on facebook
Share on twitter
Share on linkedin
Share on email
Related Insights
Featured
Amsterdam Fintech Week
Take a look at our yearly fintech festival, Amsterdam FinTech Week. Go on the dedicated website to check out the 2021 wrap up!
AMLD5 Guide
A source for consulting PSD2 legislation coupled with commentary, tips & tricks, applicability, in collaboration with our member law firms.