A Simplified, Standardised Approach to Client On-Boarding

 
by Hendrik De Spiegeleer, Senior Product Manager SWIFT, ING

SWIFT connectivity is increasingly becoming the norm amongst large multinationals to communicate with their banking partners. However, many treasurers and finance managers believe that the implementation is a time and labour-intensive process, which in turn creates a barrier to adoption. As ING continues to demonstrate with its streamlined on-boarding solution, this perception has become outdated, and both large and mid-cap corporations can achieve a rapid implementation with fewer resources and more predictable outcomes than in the past.

SWIFT is a core element of ING’s multichannel strategy, and one of the key ways in which our clients connect to our central services. Our integrated approach, which enables clients to access the bank via web-based banking, FTP, mobile solutions or SWIFT is absolutely key to our value proposition. Clients can therefore access the bank securely using the most convenient and appropriate channels for their business, whilst benefiting from consistent processes and security across all these channels. At present, larger, multinational, multi-banked corporations are most likely to select SWIFT as their preferred banking channel, but there is a steady number of requests from smaller businesses that recognise how SWIFT can support their international growth strategy.

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