ABN AMRO Ventures to participate in Penta’s EUR 18.5 million fundraise
Penta is the fast-growing German digital platform for business banking
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ABN AMRO Ventures Invests in Fenergo
ABN AMRO Ventures is investing in Dublin-based Fenergo, a provider of Client Lifecycle Management (CLM) software. The company is a proven market leader within the operational CLM, Know Your Customer (KYC), Anti Money Laundering (AML) and Client Due Diligence (CDD) space, all of which are key priorities for ABN AMRO and the financial industry in general.
“House prices to rise through shortages and low interest rates”
According to ABN AMRO Group Economics, price increases for homes will slow down: having surged by 7% in 2019, prices will rise ‘only’ 4% in 2020.
ABN AMRO Digital Impact Fund doubles to EUR 100m
ABN AMRO's Digital Impact Fund (DIF) has doubled its assets under management from EUR 50 million to EUR 100 million and will continue its activities under the name ABN AMRO Ventures. With this expansion, ABN AMRO Ventures can continue to invest in cutting-edge solutions that are shaping the future of financial services in general and more specifically our organisation.
ABN AMRO’s Digital Impact Fund increases stake in CrossLend
ABN AMRO’s Digital Impact Fund (DIF) has increased its stake in CrossLend, the Berlin-based digital cross-border debt marketplace. Following its first investment in September 2018, ABN AMRO DIF again participated in the latest funding round led by Santander InnoVentures together with existing shareholders Lakestar and Earlybird.
Low interest rates give the housing market another boost
Home sales are surging, driven by the low mortgage interest rates. Where ABN AMRO’s analysts had previously predicted a five percent drop, they now expect home sales to stabilise as low mortgage costs make buying more affordable. At the same time, house prices continue to rise as available homes remain in short supply.
ABN AMRO Digital Impact Fund invests in data tech company Trifacta
ABN AMRO Digital Impact Fund (DIF) has acquired a stake in Trifacta, the US-based market leader in data wrangling. The Trifacta technology enables companies to manage their data quality, preparation and pipelines through a platform that is natively integrated with all major cloud providers, removing the critical barrier data wrangling presents to success of analytics and machine learning.
ABN AMRO and YES Corporate Finance join forces for SMEs
ABN AMRO and YES Corporate Finance (YES CF) have forged a partnership in order to serve SMEs that require specific advice on acquisitions and business succession.
ABN AMRO Digital Impact Fund invests in financial crime detection provider ThetaRay
ABN AMRO Digital Impact Fund takes a stake in Thetaray, an Israeli Big Data analytics firm. Its IntuitiveAI platform mimics human intuition’s decision-making capabilities to detect both existing and previously unknown malicious activity of bad actors.
ABN AMRO named best mortgage provider in the Netherlands
ABN AMRO landed the Gouden Lotus Award Hypotheekmarkt (‘Golden Lotus Award for the Mortgage Market’) for best mortgage provider in the Netherlands in 2019. And not only that: at the HypoVak awards ceremony in Nieuwegein, the Netherlands, on Tuesday 28 May, the bank also landed the Golden Lotus Award for Most Innovative Mortgage Product, for its recently launched Home Equity Mortgage. These awards are an initiative of the InFinance trade journal and the Hypotheek Business Club (‘Mortgage Business Club’). The winners were picked by financial advisers across the Netherlands, who rated the nominees on performance, products and services.
ABN AMRO Digital Impact Fund invests in data technology company Tealium
ABN AMRO Digital Impact Fund is acquiring a stake in Tealium, a US technology firm. Tealium is a customer data orchestration solution that provides enterprises with a single view of their customers, serving as a secure central point of management across the entire data supply chain. Using Tealium’s platform, companies are able to serve their clients ever better, and this stake reflects ABN AMRO’s goal to amaze clients with personal and relevant services across all channels.
Large companies join forces to address cyber threat
The cyber security departments of a number of large Dutch companies, including ABN AMRO, Ahold-Delhaize, Shell, IBM, ING and KPN, are teaming up to face down cyber threats. On 13, 14 and 15 May, ABN AMRO hosts the country’s first cybersecurity conference for large Dutch companies, SMEs and students. Minister of Justice and Security Ferdinand Grapperhaus will open the conference.
Eight out of ten Dutch home-owners expect to lock in gains when selling their homes
Eight out of ten Dutch home-owners expect to gain if they were to sell their homes today, with only one in ten believing they wouldn’t. The remainder were don’t knows. Owners of medium-priced homes are the most sanguine about the amount they think is involved. Well over 20% of owners of homes with purchase prices between EUR 200,000 and EUR 400,000 assume they stand to make between EUR 50,000 and EUR 100,000, with another 20% predicting gains in excess of EUR 100,000. These and other findings may be gleaned from a survey of 1,250 home-owners commissioned by ABN AMRO and carried out by market research agency Ipsos.
ABN AMRO Group Economics: “Housing market heating has peaked”
The Dutch housing market has moved past peak overheating, with ABN AMRO Group Economics’ latest Housing Market Monitor showing ever-increasing signals of cooling down. The bank’s economists point to less rapidly rising house prices and the persistent fall in the number of homes actually purchased – a confluence of trends corroborating their forecasts that house purchases will end this year 5% down. At the same time, Group Economics assumes that house prices will advance less rapidly than they have done recently. That said, the projected rise by 6% still outpaces the historic average by one percentage point.
ABN AMRO Digital Impact Fund increases investment in Tink
ABN AMRO’s Digital Impact Fund has increased its investment in Tink, following its first investment in this Swedish FinTech in May 2016 and a second investment in October 2017.