Paul Spronk
you ’ ll find at any given day about two to five people from them working with us , and I think it would not have been possible to build Kapsool as quickly without them .” Spronk emphasises that , as a venture moves from ideation to market-fit state , flexibility is paramount when working with vendors and development partners . “ Ming Labs was aligned with this understanding and has been key to this venture ,” he says . Against a backdrop of mounting regulatory pressure and the need for ever better Know Your Customer ( KYC ) processes , ING is moving to meet this demand head-on by creating a module called Blacksmith . “ This will help the bank perform KYC more easily while still maintaining the quality of the due diligence ,” says Spronk .
To assist with the creation of a minimum viable product , ING is collaborating with long-time partner Synechron , which Spronk confirms is
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Paul Spronk
EXECUTIVE PROFILE
Paul Spronk heads the Asian innovation activities for ING Wholesale Banking out of Singapore and is responsible for origination , validation and scaling of INGs innovative ventures across ING Wholesale Banking ’ s network . Implementation of ING ’ s innovation method , PACE , in wholesale banking and developing external partnerships with fintech companies , industry partners and government agencies in the region are among the other activities under his supervision . He also acts as APAC liaison for all of ING ’ s innovation capabilities in other regions . Paul has a background as an entrepreneur in digital retail services , has guided multiple innovation projects across various WB business lines and is a real technology enthusiast . He studied European law in Groningen and Budapest and holds an LLM in international & EU law from the University of Amsterdam .
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