
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.
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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.
ABN AMRO and Dell EMC today opened a laboratory in Amstelveen, the Netherlands, where scientists and students can perform data research. The new ‘Dataistic Center’ makes knowledge and hardware available to a broad group of scientists, allowing experiments to be conducted that could benefit universities, ABN AMRO and Dell EMC.
ABN AMRO first bank in the world to offer wearables enabling users to pay higher amounts at point-of-sale using PIN.
ABN AMRO’s popular payment app Tikkie is getting new features. You will soon be able to use the app to transfer money to other Tikkie users regardless of whether you know their IBAN. With Tikkie, you will also be able to pay in a flash for your purchases in webshops, without having to fill in your address details. Meanwhile, businesses will benefit from new commercial features as well.
ABN AMRO Private Banking does not yet recognise crypto coins as a valid form of investment. It is also difficult to make a valuation of many crypto coins. Moreover, the ABN AMRO private bank argues that the lack of regulations, the fact that the technology is new and the fact that crypto coins are start-up business projects, presents an extremely high risk. In a new report, ABN AMRO Private Banking has identified four different types of crypto coins: crypto currency, network crypto, crypto security and utility crypto.
Over the past year 8% of consumers in the Netherlands have fallen victim to cyberfraud. As many as 19% expect to become victims in the coming year. At the same time, three quarters of Dutch consumers believe that they are sufficiently aware of the risk of cyberfraud. A third of consumers believe that they understand the risks and have done all that they can to minimise them. Yet they barely do more than consumers who do not believe that they are protected. On average, Dutch consumers rate themselves 7 out of 10 for cybersecurity, while in fact they mostly find it to be a confusing issue. These are the results of a survey of over 1,000 Dutch consumers that GfK conducted for ABN AMRO.
Over six in ten SMEs in the Netherlands say that big data is not relevant for their own company’s operations. At small enterprises – employing between 10 and 20 people – this percentage is a hefty 75 per cent while about half of companies employing between 20 and 250 people believe big data is irrelevant.
ABN AMRO’s Digital Impact Fund (DIF) is teaming up with Earlybird and solarisBank to invest EUR 14 million in Germany’s CrossLend. The fund has also agreed a strategic partnership with this digital cross-border lending marketplace. The partnership should help improve access to international capital for Dutch companies.
Since its introduction two years ago, Tikkie has made it easy to repay small loans – and the timeliness of those repayments keeps improving too. 87% of Tikkie requests are repaid within a day, and 10% of repayment requests even get completed in just one minute. Convenience and speed continue to fuel the growth of ABN AMRO’s payment app, which has 3 million users by now.
Today ABN AMRO hosts an analyst lunch in London with our Chief Innovation and Technology Officer, Christian Bornfeld. In his presentation Christian Bornfeld will introduce himself and give an update on progress in IT transformation, digital and innovation.
Green Pay has scooped the most valuable prototype to come out of the 2018 Beyond Banking Days. By using Green Pay to pay for items, the product will go back into the supply chain after use, making manufacturers - and not consumers - responsible for any waste. By turning the process on its head, Green Pay's makers hope to encourage manufacturers to make more sustainable choices before going into the manufacturing process. ABN AMRO selected the R3 app from an unprecedentedly strong field of participants of no less than 56 selected teams. Together, 288 hackers spent the past 48 hours working non-stop on the bank of the future.
ABN AMRO aims to attract new IT talent by cleverly applying Augmented Reality with the introduction of The Lockdown: the world's first mobile AR escape room. In this game, players are challenged to prevent a worldwide financial meltdown. Using Augmented Reality technology, The Lockdown transforms every ordinary room into a virtual escape room. The app was presented today during TNW Conference as part of the bank’s wider recruitment campaign.
ABN AMRO has agreed a strategic partnership with Opportunity Network, an online cross-border platform providing entrepreneurs with insight into real-life opportunities for growth, acquisitions, expansion, sale etc.
ABN AMRO’s Digital Impact Fund (DIF) is acquiring a minority stake in the Dutch fintech Ockto, which specialises in helping consumers and businesses to safely collect and share personal data. Ockto makes it much easier for consumers to apply for a mortgage, for example, or oversee their financial situation. This investment means that ABN AMRO is intensifying its collaboration with Ockto, which also started up subsidiary Moneyou. It should enable Ockto to accelerate its expansion, raise its level of professionalism and possibly also scale up internationally.
Tikkie was used to send one payment request every second on average last week. At around 650,000 requests, this means a new record for ABN AMRO's payment app. Payments on and around King's Day caused a visible surge in the number of Tikkies.