After 20 years as a participant within the retail banking market of the Czech Republic, ING is asking it quits. The agency introduced this week that it plans to withdraw from the nation’s retail banking scene and is encouraging its clients to contemplate Raiffeisenbank Czech Republic as their various financial institution going ahead.

ING expects to finish its operations within the Czech Republic by the top of this yr. The corporate has roughly 375,000 retail banking clients within the nation and has labored with Raiffeisenbank to make sure the smoothest doable transition for ING clients to reap the benefits of the chance to switch their financial savings and investments. This settlement is pending regulatory approval.

ING Group stated that the choice partially displays an evaluation of whether or not or not operations “are prone to obtain the popular scale of their market inside an affordable time-frame. ING has greater than 39 million retail and wholesale clients in 40 markets all over the world.

We’ll keep within the CEE for this week’s Finovate World Profile, which options payever, a German platform-as-a-service commerce answer for banks and insurance coverage corporations. Based in 2013 and led by CEO Artur Schlaht, payever made its Finovate return final fall at our all-digital FinovateWest occasion. On the convention, the Hamburg, Germany-based firm demonstrated its Commerce Infrastructure that allows banks and insurance coverage corporations to hook up with a whole bunch of hundreds of companies – in addition to million of customers – on-line in addition to on the level of sale.

Payever provides quite a lot of Enterprise Apps that cowl the whole gross sales cycle. The corporate’s Checkout answer offers clients vast entry to a variety of fee choices with out requiring the service provider to endure advanced integrations. With Store, retailers can construct their very own on-line retailer in with no need any coding expertise. The answer options design template in addition to cloud internet hosting and help.

Payever’s PoS know-how permits its companions to supply cashless fee acceptance utilizing QR codes as a substitute of pricey {hardware}. Different options provided by payever embrace a Studio to assist retailers higher show their wares digitally and Mail, an e-mail advertising answer for constructing newsletters, sending personalised provides and extra – all with no need to code.

Take a look at payever’s demo from FinovateWest final yr.

Right here is our have a look at fintech innovation all over the world.

Central and Japanese Europe

Center East and Northern Africa

Central and Southern Asia

Latin America and the Caribbean


Sub-Saharan Africa

Photograph by Daniel Frank from Pexels

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