ING’s Head of RegTech labs crowned ‘Best RegTech Practitioner’
The RegTech A-Team Insight Awards recognises providers that successfully herald and highlight RegTech solutions to help improve a firm’s ability to effectively respond to the evolving and ever more complex regulatory requirements across the global financial services industry.
The judging panel congratulated ING’s Head of RegTech, Ian Hollowbread, for his hard work over the years as a leading practitioner, recognising his innovative work in ING Labs and his commitment to the industry as Chair of the Association of Foreign Banks RegTech Group.
Ian was appointed Head of RegTech Labs in January 2019, with globally responsibility for RegTech across ING Labs, focusing on supporting and investing in early stage companies to help address regulatory compliance and proactively protect the financial system at large. With over 15 years of experience across financial services, operations and regulatory environments, Ian has a wealth of knowledge of post-trade infrastructure and innovation.
What has our RegTech team been up to?
Since ING Labs opened its doors a little over a year ago, the achievements within RegTech have been impressive and are helping to support a safe and compliant ING. Earlier this year ING Labs launched Sparq, a compliance tool that helps implement regulations more efficiently within organisations, CoorpID, a tool which improves the Know Your Customer (KYC) process for corporate clients by enabling them to manage their own KYC data and share with multiple partners, as well as achieving its first RegTech investment in a US regulatory change platform, Ascent.
Commenting on the award, Ian Hollowbread said "We believe in an open and collaborative culture within ING Labs and we are always looking to bring disruptive ideas to the market. Our goal continues to be one of accelerating digital transformation, to improve regulatory processes to enhance compliance and to pro-actively protect the financial system at large. We see a huge opportunity to delivery adjacent services for the industry by utilising our extensive ecosystems and by developing new platforms with the industry."