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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.
The very last thing business owners typically want to do is their accounts. At the same time, running a tight financial ship is a very high priority for many entrepreneurs.
ABN AMRO today announced a two-year extension of its agreement with Social Enterprise NL, a partnership that started in 2012. Social Enterprise NL represents, connects and supports the community of social enterprises in the Netherlands. ABN AMRO supports this countrywide platform by providing financial and entrepreneurial expertise, alongside investment and coaching.
ABN AMRO MeesPierson is trimming its allocation to equity from modestly overweight to neutral. The private bank has become less positive toward equity in light of the anticipated slowdown of both global economic growth and corporate earnings growth amid various geopolitical uncertainties. That said, ABN AMRO MeesPierson is not counting on a recession in 2019.
ABN AMRO first bank in the world to offer wearables enabling users to pay higher amounts at point-of-sale using PIN.
"Charities, change your fundraising strategies!" ABN AMRO MeesPierson presents its guide for charities, providing advice on large donations and fundraising.
On 16 November 2018 ABN AMRO announced it had reached an agreement to sell part of its stake in the investment funds of ABN AMRO Participaties (AAP) to a consortium led by Alpinvest, and including LGT Capital Partners, Five Arrows Secondary Opportunities (FASO) and Bregal. The transaction closed today, which means that AAP will now continue independently as Capital A.
ABN AMRO notes the announcements made by the European Banking Authority regarding the information of the 2018 EU-wide Transparency Exercise. The data set includes data on the capital position, risk exposure amounts, sovereign exposures and asset quality.
ABN AMRO Private Banking continues to prefer equities over bonds. Although it expects equities to notch up positive returns in 2019, ABN AMRO believes these returns will be lower than those typically recorded in previous years. In its 2019 Investment Outlook, ABN AMRO Private Banking points to forecasts of reduced economic growth as the expected cause of lower corporate earnings, although slower but sustained growth continues to underpin its preference for equities over bonds. It recommends keeping a close eye on economic developments in 2019 and adjusting investment portfolios for any expected change in circumstances.
Fourteen financial institutions, united in the Platform Carbon Accounting Financials (PCAF), have made considerable progress in the past year in calculating the CO2 impact of the assets they manage. To date, they have applied the methodology to more than one trillion euros of the aggregate assets managed, almost half of the total. After further analysis of this data, the members will report on this in their annual reports. The members of PCAF today presented the report on their progress to members of the Standing Committee on Economic Affairs and Climate Change.
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.
Friday 16 November, ABN AMRO’s Executive Committee hosted an Investor Day in London. Its theme: ‘Banking for Better’.
ABN AMRO sells part of its stake in the investment funds of ABN AMRO Participaties (AAP). A consortium, led by AlpInvest and including LGT Capital Partners, Five Arrows Secondary Opportunities (FASO) and Bregal, will join in as new investors alongside ABN AMRO. After closing of the transaction, AAP will continue as Capital A.
From today, ABN AMRO clients can do their iDEAL payments by scanning a QR code on their computer screens, with the actual payment carried out via ABN AMRO’s mobile banking app. This removes the need to use an e.dentifier, if the client prefers not to.
Millionaires aren’t just flush with money, they also tend to have very extensive business networks. In fact, millionaires typically have no less than 537 people in their active business networks, ABN AMRO MeesPierson’s annual Wealth Monitor survey has just established. If you have a little less to spend but are still labelled wealthy at a minimum 500,000 euros, you’re also likely to have quite a few business contacts, although half those of millionaires at an average 261 people.
