ING Bank will issue a subscription manager for its Belgian customers in the autumn. It will be available as an app and via the Home’Bank environment for online banking. Customers must give the service access to their data.
According to the bank, the app will provide insight into current and dormant subscriptions. It will also be possible to cancel subscriptions via the subscription manager or to switch to other providers. The application ‘does that actively’, without customers having to contact the relevant companies, ING Bank Belgium writes in a press release.
The bank works together with Minna Technologies, a fintech company from Sweden, for the software. There will be an app, but the subscription manager will also be available through ING Belgium’s Home’Bank environment. The software requires financial data from users, who must give explicit permission to share it with Minna Technologies. This must be reconfirmed every 90 days. The data is not further distributed or sold to third parties. The company has the PSD2 license required to provide such payment-based services.
During the summer holidays, ING Belgium starts a trial with a thousand employees. Based on their feedback, adjustments may still be made. The app should be available to all Belgian customers in the autumn. When asked, ING Netherlands informs Tweakers that it is not yet known whether the subscription manager is coming to the Netherlands. The bank says it does work intensively with colleagues in other countries.