Tagged: ing

January 19, 2020 @ 7:58 am By Omar Faridi  |  

The challenger bank trend first began in Europe and has been gradually spreading to other parts of the world. Traditional banking challengers have been growing steadily and have managed to attract large investments. FT Partners’ new report, titled The Rise of Challenger Banks: Are the… Read More

January 8, 2020 @ 4:59 pm By Omar Faridi  |  

Dutch financial giant ING will spin out the bond analytics platform Katana, the latest startup to successfully complete and graduate from the bank’s Fintech incubation labs. Katana is presently among 25 other innovation projects being incubated at ING Labs, which have centers based in Amsterdam,… Read More

December 30, 2019 @ 9:54 am By Omar Faridi  |  

ING is teaming up with the United Nations Children’s Fund Office of Innovation, in order to test a global program in the Philippines, which aims to identify and invest in various Fintech firms that are developing solutions that could help disadvantaged youth and families in… Read More

December 23, 2019 @ 7:21 am By Omar Faridi  |  

The majority of Filipinos still do not actively use online banking services with many locals preferring to visit traditional brick and mortar locations. However, an entire generation of new users in the country is now using digital banking platforms. Europe-based Global bank ING, a financial… Read More

December 17, 2019 @ 3:47 am By Omar Faridi  |  

The digital-only retail banking platform of ING, a Dutch multinational banking and financial services corporation based in Amsterdam, is set to expand its product offering in 2020. The financial giant’s new services will reportedly include new payments and lending options, and various other products that… Read More

November 9, 2019 @ 7:17 pm By Omar Faridi  |  

San Francisco-based Wells Fargo, the fourth-largest bank in the US by total assets, and Dutch banking giant ING led a $19.3 million round in Chicago-based Regtech firm Ascent Ascent provides a cloud-based platform that helps financial services providers to keep their business operations compliant. The… Read More

October 11, 2019 @ 3:17 pm By Omar Faridi  |  

Amsterdam-based ING, a multinational banking and financial services corporation, has joined a group of organizations to promote the development and adoption of artificial intelligence (AI) in the Netherlands. The project is part of a nationwide plan to halt a brain drain of talented AI professionals… Read More

September 27, 2019 @ 6:34 pm By JD Alois  |  

Central Bank Digital Currencies or CBDCs are on their way. That is according to ING’s Chief Economist, Mark Cliffe. In a post and video, the global bank states: “Rapid advances in distributed ledger technology have spurred debate about the possibilities, advantages and drawbacks of central… Read More

March 30, 2019 @ 4:01 am By Xu Gao  |  

Parent Company of Shuidi Crowdfunding Receives nearly ¥500 million B-round Funding led by Tencent Shuidi, the parent company of Shuidi Crowdfunding and Shuidi Mutual Insurance, announced this week that it had received a nearly ¥500 million B-round financing. This investment was led by Tencent, and… Read More

March 11, 2019 @ 11:18 am By JD Alois  |  

ING Belgium and Netherlands accelerator program Fintech Village has announced their newest round of participants. According to ING, 121 Fintech startups applied but only 7 were selected. ING states that it wanted to address businesses that were more mature, more likely to offer innovations that… Read More

October 25, 2018 @ 10:09 am By Samantha Hurst  |  

UK-based online investment service Wealthify announced on Thursday it was formed a partnership with Yolt, an ING created smart thinking money app, for an in-app integration. According to Wealthify, the integration will enable its customers to view their investments within the Yolt money app. This will create what… Read More

October 25, 2018 @ 3:25 am By JD Alois  |  

The UK Department for International Trade has announced a series of new agreements with the Netherlands designed to boost closer collaboration with the Netherlands. The announcement coincided with a Dutch State Visit which took place on October 24th. Several of the deals included Fintech deals…. Read More

September 21, 2018 @ 11:21 am By JD Alois  |  

Funding Options, a UK Fintech that provides a “supermarket” of financing options for SMEs, has received a £5 million investment from ING Ventures – the VC arm of the global bank. The additional capital is expected to be used for Funding Options to expand its… Read More

July 30, 2018 @ 9:13 am By Samantha Hurst  |  

TransferMate, an Ireland-based cross-border B2B payments technology solution, announced over the weekend it secured a €21 million investment from European bank ING Group N.V. As part of the investment, ING reportedly received a small minority equity stake in Transfermate. TransferMate also revealed that as part of the… Read More

June 27, 2018 @ 7:18 am By JD Alois  |  

Global financial services firm ING is out with an interesting report on cryptocurrency. Partnering up with Ipsos to create Cracking the Code on Cryptocurrency, ING surveyed much of Europe to gain insight into this emerging sector of finance. According to the research; 66% of individuals… Read More

June 13, 2018 @ 7:36 pm By Samantha Hurst  |  

ING and AXA announced on Wednesday they have formed an exclusive, long-term, multi-country bancassurance partnership to provide insurance products and related services through a central digital insurance platform. The companies reported that under this new partnership, ING will bring its digital banking experience and AXA… Read More

May 14, 2018 @ 9:29 am By Samantha Hurst  |  

HSBC Singapore announced on Monday it was joining forces with ING and agrifood group Cargill to conduct what it claims to be the first live, commercial trade finance transaction on R3’s blockchain platform, Corda.  According to HSBC Singapore, the blockchain transaction involved a bulk shipment of… Read More

March 23, 2018 @ 9:42 am By Samantha Hurst  |  

Yolt, an ING created smart thinking money app, announced on Friday it has joined forces with UK-based challenger bank Monzo. Yolt declared that Monzo accounts may now be connected through the fintech mobile app. “While Monzo focused on current accounts and we focused on our topbar… Read More

February 23, 2018 @ 4:00 pm By Samantha Hurst  |  

Earlier this week, Commonwealth Bank of Australia (CBA) announced it has completed a regtech pilot with ING to simplify processing of information and implementation of regulation using the Markets in Financial Instruments Directive II (MiFID II) as a test case. According to CBA, the project… Read More

October 27, 2017 @ 3:20 pm By Samantha Hurst  |  

ING announced this week it has started to offer online lending to small and medium enterprises (SMEs) in France and Italy. According to ING, this proposition fits its strategy to grow its lending business to SMEs and creating a differentiating customer experience. The offering has… Read More