Wallets/ing-australia
ING Australia
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Key details
- Launch: 1999
Overview
ING Australia is Australian commercial banking subsidiary of ING Group Dutch parent AMS: INGA NYSE: ING + ING Group Dutch parent ~100%+ controlling + Australia's largest digital-only commercial bank by customers + founded 1999 in Sydney Australia as ING Direct Australia then 2016 ING Bank Australia rebrand 1, Australia report.
History
1999 — ING Direct Australia founded in Sydney Australia as ING Group Dutch parent's Australian digital-first commercial bank distinctive Australian digital banking heritage as Australia's pioneer digital-only commercial bank.
2016 — ING Bank Australia rebrand consolidating ING Direct Australia under ING Group Dutch parent global rebrand.
2014 — ING AU Mobile banking app launch.
Ownership & operator
Operating entity: ING Bank Australia Limited (Australian commercial banking subsidiary of ING Group Dutch parent).
Major shareholders: ING Group (AMS: INGA NYSE: ING; Dutch parent) ~100%+ controlling.
Regulators: Australian Prudential Regulation Authority APRA + Reserve Bank of Australia RBA + De Nederlandsche Bank DNB via ING Group parent.
Technical integration
ING AU Mobile app (iOS + Android) + ing.com.au online + ING Bank Australia digital-first retail commercial banking + ING Visa + Mastercard cards; PayID (Australian instant payments addressing) + NPP (Australian instant payments) + EMVCo QRCPS QR payments + Australian Dollar AUD domestic transfers.
Implementations & partners
Parent group: ING Group (ING Group; AMS: INGA NYSE: ING; Dutch commercial bank; one of Eurozone's largest commercial banks by market cap).
Major Australian banking + payments competitors: CommBank (Commonwealth Bank of Australia) (CBA; ASX: CBA; Australia's largest commercial bank by market cap + customers) + NAB Mobile Banking (National Australia Bank) (NAB; ASX: NAB) + Westpac Mobile App (Westpac Banking Corporation; ASX: WBC) + ANZ (Australia and New Zealand Banking Group) (ANZ; ASX: ANZ) + Macquarie Bank (Macquarie Group; ASX: MQG) + Bendigo Bank (Bendigo and Adelaide Bank) (Bendigo and Adelaide Bank; ASX: BEN) + Suncorp Bank (Suncorp Bank; ASX: SUN; ANZ acquired Aug 1 2024) + PayID (PayID) + NPP/PayTo (NPP Australian instant payments).
Regulators: Australian Prudential Regulation Authority APRA + Reserve Bank of Australia RBA + De Nederlandsche Bank DNB via ING Group parent.
Status
Active, Australian commercial banking subsidiary of ING Group Dutch parent AMS:INGA NYSE:ING + ING Group Dutch parent ~100%+ controlling + Australia's largest digital-only commercial bank by customers + founded 1999 in Sydney Australia as ING Direct Australia then 2016 ING Bank Australia rebrand 1, 2.
Sources
- 1 ING AU — official
- 2 ING AU — Wikipedia
- Australia report In-corpus:
reports/countries/AU-australia.md
Source
Biography extracted from ing-australia.md. See matrix.md for standards-support matrix if present.