Latest ING News: Finextra Research

ING overhauls innovation management

ING is continuing the overhaul of its innovation initiatives, decentralising from the core back to individual business units and combining innovation arm, ING Neo, with the Corporate Strategy team.

13 September 2022

/retail

ING kills off Yolt

Less than a year after shutting down its consumer-facing smart money app, ING-backed Yolt is set to close completely, shuttering its business-to-business open banking operations.

30 August 2022

/sustainable

ING trials carbon tracking app from Cogo

ING is to trial a carbon footprint tracking app from fintech Cogo with 350,000 mobile customers.

04 August 2022

/payments

ING pilots ultra-wideband tech for P2P contactless payments

ING is piloting a peer-to-peer payments app that uses ultra-wideband (UWB) technology to let users transfer money by simply pointing one handset at another.

13 July 2022

/crypto

ING spins out digital asset custody platform to GMEX

ING has spun out its institutional-grade digital custody platform Pyctor to market operator GMEX.

11 July 2022

/startups

OpenFin secures investment from ING Ventures

ING Ventures, the venture capital branch of ING bank, has invested “around $10 million” in the operating system (OS) of enterprise productivity, OpenFin.

06 July 2022

/payments

Money 20/20 EU: How ‘web2.5’ and DLT are propelling financial services forward

In conversation with Mariana Gomez de la Villa, centre expertise lead, distributed ledger technology, ING, Finextra secured a first-hand take on the key trends dominating the DeFi world, from one of the industry’s leading voices. Here are Gomez de la Villa’s key insights shared direct from the floor of Money20/20 in Amsterdam:

14 June 2022

/startups

ING Labs spinout raises $16m for AI-powered search engine software

ING Labs spin-out startup SeMI Technologies has raised $16 million for its open-source Weaviate vector-search database.

23 February 2022

/startups

ING spin off Katana Labs goes to the wall

Katana Labs, a bond trading tool spun out of ING, is to shut down.

25 January 2022

/sustainable

ING invests in EIT InnoEnergy

ING has acquired a stake in EIT InnoEnergy, an EU-backed climate and renewable energy tech investor.

13 January 2022

/cloud

Thought Machine joins unicorn club

Cloud-native core banking provider Thought Machine has hit unicorn status thanks to a $200 million Series C funding round joined by the investment arms of some of its top bank clients, including JPMorgan Chase, ING and Standard Chartered.

29 November 2021

/people

ING innovation chief Vreugdenhil leaves for ABN Amro

ING chief innovation officer Annerie Vreugdenhil is leaving the bank less than a year into the job to take up a position on the executive board of ABN Amro.

24 November 2021

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