CheckAhead launched in the Netherlands
Dutch business customers were given a boost this month with the introduction of a new digital tool, CheckAhead that helps them assess the creditworthiness of their customers and suppliers. Further expansion expected in 2025…
CheckAhead generates credit scores based on transaction and balance data within two minutes, leading to more efficient credit assessments and less administrative burden.
Most suitable for leasing companies, suppliers, business lessors and (credit) insurers, the new ING solution is a more reliable alternative to traditional credit assessment, a process that is often time-consuming, and based on outdated annual figures.
But it isn’t just Dutch businesses that will benefit from the tool. ING is doing market research and has started piloting the solution in other countries where it has Business Banking operations including Romania, Belgium and Germany with a view to introducing the solution in late 2025. CheckAhead is expected to be the first of this kind of service in these countries.
More opportunities
Laurens de Vos, director of Business Banking at ING in the Netherlands, said with CheckAhead, we offer our corporate customers the knowledge and skills to take advantage of more opportunities by supporting them in making fast and reliable credit decisions.
“This digital product not only helps our customers with an efficient assessment of the financial health of their own customers, but also reduces our customers' risks."
A pre-launch pilot revealed that using these up-to-date financial insights helps companies to work more efficiently and close 20 percent more deals, because there is more confidence in the customer's creditworthiness.
More information (in Dutch) is available at ing.nl/checkahead.