An AI solution that provides ING’s commercial clients with predictive insights into managing their working capital more efficiently. This application optimises their working capital and business processes by using self-learning and predictive algorithms.
![Image to go with text](https://finaps.nl/storage/uploads/2023/02/Finaps-case-INGArtif3.webp)
Their Challenge
ING Asset-Based Finance has a large data set on changes in working capital. This allows ING to provide commercial clients with data-driven and predictive insights into their future working capital position. ING came to Finaps with the question: How can we make an integrated mobile, web and data management solution that enables our commercial clients to forecast their financial health and proactively react to market changes?
![Image to go with text](https://finaps.nl/storage/uploads/2023/02/Finaps-case-INGArtif5.webp)
Our Solution
The Smart Working Capital Assistant is an application that predicts developments that impact working capital by using self-learning and predictive algorithms. The application sends notifications to users’ smartphones. Based on the insights provided by the application, managers of a company can, for example, decide to plan certain transactions at a time that is more favourable. This way, the application helps to optimise their working capital and business processes. This project is a perfect example of how ING and Finaps join forces to realise banking innovation.
Industry
Technology
SAS, Open source (Scala, React, Xamarin)