ING
Paul Spronk , Head of ING Labs Singapore , explains how the bank is working closely with startups and partners to innovate for its clients in an ever-changing landscape
162
I
NG Wholesale Banking has innovation labs in Amsterdam , London and Singapore . Paul Spronk heads ING Labs Singapore , having held this position since 2018 . Prior to this , Spronk worked for fintech payments company Payconiq , which originated in ING ’ s Chief Innovation Office in Amsterdam – he later joined ING ’ s Wholesale Bank and helped to set up its global innovation team .
Today , from the city-state of Singapore , Spronk leads his team to drive innovation in the global trade ecosystem . His focus on different value spaces derives from where the bank traditionally has a strong footprint . For example , ING Labs Singapore is ideally located in a technologically advanced trading hub of Singapore , hence it is focused on the trade value space , covering the entire ecosystem of goods that are traded globally and the adjacent network of services and financial flows . This sector expertise and leverage on innovation enables ING to play a role in improving industry efficiency and addressing structural challenges .
DECEMBER 2019