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.
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.
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 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.
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.
ABN AMRO and Dell EMC open new data lab for universities
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.
Pay contactless with ABN AMRO using ring, watch or bracelet
ABN AMRO first bank in the world to offer wearables enabling users to pay higher amounts at point-of-sale using PIN.
Tikkie PAY launched: pay without a request
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: various crypto coin applications have potential, but lack regulations
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.
Awareness of risk of cyberfraud among consumers, but lack of proper protection
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.