Polish subsidiary of ING opts for Thought Machine’s core banking tech
ING Bank Śląski, the Poland-based subsidiary of ING, has opted for the Vault core banking system supplied by Thought Machine.
This is the first client in Poland for the UK banking tech vendor, FinTech Futures understands.
The ING group is one of the investors in Thought Machine, through its ING Ventures arm.
The bank is now live on Vault for a new consumer lending product. Thought Machine says the bank “will launch new features and services on Vault that improve customer experience at pace”.
ING Bank Śląski is a universal bank, with 4.3 million retail clients, 509,000 corporate clients, and 262 domestic locations.
Paul Taylor, CEO of Thought Machine, describes ING Bank Śląski as a “game-changer” and says his company is working with the bank on its “core transformation programme”.