ING Bank Enhances Merchant Data Analytics with Cambrist’s Platform
ING Bank Romania, part of the ING Group, a full-service financial institution providing both retail and commercial banking services across Romania, has deployed Cambrist’s Payments Acquiring Data Analytics platform.
Cambrist’s solution is specifically designed to provide automated, real-time performance analysis per merchant, per terminal per transaction for scaled acquiring businesses. The Cambrist platform automates the processing and reconciliation of high-volume payments acquiring data which is then allocated across a merchant portfolio based on each client’s specific business requirements.
By implementing the Cambrist platform, ING Bank is gaining real-time access to key merchant performance data. The platform is saving finance staff weeks each month and is delivering actionable insights to commercial teams at a level of accuracy previously unavailable.
“ING came to us with a clear challenge: eliminate the operational limitations and slowness associated with manually tracking payments data by providing fully automated, real-time performance analysis across their merchant portfolio. We built Cambrist’s platform to meet ING’s challenge and we’re excited to support their ambitious goals to profitably grow their acquiring business by leveraging our data analytics." said Jacob Claflin, Cambrist’s CEO
Roxana Petria, Tribe Lead Payments at ING Bank, said, "Cambrist’s platform has become an essential tool across our product, finance and commercial teams to both monitor merchant performance and take decisions in real-time which greatly improves our competitiveness in the market.”
About ING Bank Romania
ING is a global financial institution with a strong presence in Europe, offering banking services through ING Bank. The more than 60,000 employees of ING Bank provide banking services for individuals and companies in over 100 countries. Founded in 1994, ING Bank Romania is now a universal bank, offering products and services to all types of clients – large and small companies, financial institutions, small entrepreneurs, and individuals. ING Bank Romania is the only bank in the top 10 local banks by assets to grow organically, without acquiring customer portfolios or other banks. ING Bank Romania is a universal bank with over 2 million clients across three business segments: individual customers (retail), SME & Mid-Corporate companies, and Wholesale Banking. ING's mission is to help people stay one step ahead in life and in business.
About Cambrist
Cambrist offers a PCI certified SaaS platform which automates the processing of complex payments data to solve reporting, reconciliation and compliance challenges for Acquirers and Issuers at scale. Cambrist’s award-winning services are relied upon by banks and fintechs in more than 15 countries to provide automated merchant profitability analysis, transaction reconciliation in multi-product issuers and cross-border payments regulatory compliance. Learn more about Cambrist at www.cambrist.com or contact us at info@cambrist.com