ING Italia Boosts Healthcare Focus with Dedicated TMT&H Team
ROME – ING Italia is substantially expanding its focus on the healthcare sector, recognizing its vital role in the global economy and its increasing convergence with technology. The bank has established a dedicated Telecom, Media, Technology & Healthcare (TMT&H) team in Italy in 2023, comprised of 100 professionals globally with a local Italian team. This move aims to provide specialized support to companies navigating the evolving landscape of healthcare, emphasizing enduring growth.
Healthcare’s Trillion-dollar Potential
The healthcare sector’s economic importance is substantial, currently valued at $17.5 trillion globally. Experts predict meaningful growth thru 2030, driven by societal developments and an increased demand for both treatment and preventative care. Biotech and medtech industries are experiencing double-digit compound annual growth rates. Healthcare services are also expanding, currently valued at approximately $12 billion, with projected growth of around 8% by 2030. This rapid expansion necessitates increased financial support for payment systems and risk management, addressing the challenges posed by double-digit growth.
Strategic Growth in Italy
ING has operated in Italy since 1979 and considers the country a key strategic market. Starting in 2024,ING Italia launched a new strategic plan to become a leading provider of Wholesale Banking services for international banks. This initiative aligns with ING’s global “Growing the Difference” strategy.
Three Pillars of ING’s Client Offer
ING differentiates itself through three key factors:
- Global Network: A presence in over 35 countries enables ING to support Italian companies,including those in the pharmaceutical sector,with export and internationalization efforts.
- Industry Expertise: Sector-specific experts foster effective dialog and understanding of client needs.
- Pioneering in Sustainability: ING supports clients in achieving their sustainability goals.
Milan, Italy – Intesa Sanpaolo is intensifying its support for Italian businesses, especially those navigating the complexities of internationalization and sustainable transitions. The bank is focusing on companies with annual revenues exceeding €350 million, offering financial and strategic assistance to help them adapt to the evolving global landscape.
Intesa Sanpaolo Boosts Support for Italian Firms Amidst Geopolitical Shifts
Intesa Sanpaolo is ramping up its support for Italian businesses. The bank’s growth plan prioritizes assisting both large corporations and upper-mid-sized companies (with annual turnovers above €350 million) in tackling strategic challenges, particularly internationalization and export activities.
Strategic Focus: Internationalization and Sustainable Transition
With the global geopolitical landscape undergoing significant changes, Intesa Sanpaolo recognizes the critical need for Italian entrepreneurs to have reliable financial partners. The bank aims to help businesses reshape their supply chains and sales channels, providing financial instruments that ensure continued success in the global market. Central to this support is facilitating the sustainable transition, leveraging Intesa Sanpaolo’s expertise and capital mobilization capabilities.
TMT&H Sector: convergence of Technology and Healthcare
intesa Sanpaolo has established a dedicated team focusing on the Technology, Media, and Telecommunications & Healthcare (TMT&H) sectors, recognizing the increasing convergence between technology and healthcare. The bank is prioritizing support for digitalization initiatives aimed at enhancing healthcare service delivery and improving internal production processes for its clients. A key area of focus is the integration of artificial intelligence (AI) in diagnostics and preventative care.
AI to Streamline Healthcare Operations
Intesa Sanpaolo estimates that approximately 40% of healthcare personnel’s time is currently spent on routine administrative tasks. Automating these processes could free up valuable resources, allowing healthcare professionals to focus more on diagnostics and patient care. The bank plans to provide financial support to clients developing applications and programs that synergistically integrate technology, innovation, and digitalization to deliver more effective healthcare services.
Beyond AI-driven diagnostics,what other technological advancements in healthcare are ING Italia and Intesa Sanpaolo actively supporting with financial backing?
ING Italia & Intesa Sanpaolo: sharpening the Focus on Healthcare & Technology
This article highlights the strategic moves of ING Italia and Intesa Sanpaolo in the healthcare sector,emphasizing their commitment to supporting businesses in this rapidly evolving landscape. Both banks are expanding their services and expertise to capitalize on the industry’s notable growth potential.
Q&A: Unpacking the Healthcare Investment Strategy
Both ING Italia and Intesa Sanpaolo are signaling a strong commitment to the healthcare sector, promising exciting developments for businesses operating in this dynamic market. Stay informed about how these banks are shaping the future of healthcare finance – it could impact your business.
