Tagged: ing

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

October 25, 2017 @ 2:12 pm By Samantha Hurst  |  

On Wednesday, ING announced the launch of ING Ventures, a €300 million fund that aims to invest in fintech companies. The company revealed that the fund was created to accelerate the pace of innovation and will expand the existing portfolio of investments in the next four years…. Read More

October 24, 2017 @ 10:27 am By Erin Hobey  |  

Kabbage Inc., a global financial services, tech and data platform serving small businesses, and ING, a leading global bank, are expanding their strategic partnership into France and Italy to provide small businesses with real-time access to working capital. Building on ING’s successful launch in Spain… Read More

October 19, 2017 @ 10:07 am By JD Alois  |  

ING is calling this a “Mad Max Problem”, perhaps a reference to beyond Thunderdome’s plot surrounding power generation in a post apocalyptic world. Teunis Brosens, a Senior Economist with ING, says Bitcoin transactions, and crypto in general perhaps (ETH is more efficient), are more expensive… Read More

October 5, 2017 @ 10:40 am By Samantha Hurst  |  

UK-based fintech firm Finastra announced on Thursday it has teamed up with R3 and seven banks to create an online marketplace to drive transparency and efficiency in the syndicated loan market. Finastra reported that R3’s distributed ledger technology (DLT) based platform, Fusion LenderComm exposes real-time credit agreement, accrual… Read More

September 15, 2016 @ 10:22 am By Samantha Hurst  |  

I-MOVIX has recently launched a campaign on Seedrs to raise €250,000. The ING-backed tech brand was named the first Belgium company to launch an initiative on Seedrs since the funding portal announced plans to expand into the Belgium, Netherlands and Luxembourg region earlier this summer. The company,… Read More