ING

Progress on share buyback programme

Retrieved on: 
Tuesday, May 7, 2024

The purpose of ING Bank is: empowering people to stay a step ahead in life and in business.

Key Points: 
  • The purpose of ING Bank is: empowering people to stay a step ahead in life and in business.
  • ING Bank’s more than 60,000 employees offer retail and wholesale banking services to customers in over 40 countries.
  • ING Group shares are listed on the exchanges of Amsterdam (INGA NA, INGA.AS), Brussels and on the New York Stock Exchange (ADRs: ING US, ING.N).
  • Sustainability is an integral part of ING’s strategy, evidenced by ING’s leading position in sector benchmarks.

Global RegTech Consolidator Corlytics Acquires a Deloitte UK RegTech Platform

Retrieved on: 
Tuesday, May 7, 2024

Corlytics , the global leader in regulatory intelligence and policy compliance technology, has acquired a digital RegTech platform from Deloitte UK.

Key Points: 
  • Corlytics , the global leader in regulatory intelligence and policy compliance technology, has acquired a digital RegTech platform from Deloitte UK.
  • Syncing up regulatory monitoring and policy management with controls, the addition of this Deloitte UK RegTech platform supports accurate implementation of regulatory change across the lifecycle.
  • We continue to seek opportunities for sustainable expansion and consolidation, and are thrilled to incorporate this Deloitte UK platform and associated team.
  • He added: “The Corlytics business and this Deloitte UK RegTech platform are hugely complimentary, and as a combination can offer a truly unique, end-to-end platform in the market.

Exploring the Surge in Digital Infrastructure Spending Driven by Generative AI Innovations

Retrieved on: 
Tuesday, May 7, 2024

VANCOUVER, BC, May 7, 2024 /PRNewswire/ -- USA News Group – The rise of generative AI is currently adding considerable potential for accelerating economic growth across a wide array of sectors. In order to fully realize this potential, analysts at ING are highlighting how crucial investment in data and digital infrastructure will be moving forward. Citing estimates from Dell'Oro and Bank of America, ING has pointed out that investments from big tech companies in digital infrastructure is expected to grow between 15-22% this year alone. Another report from analysts at SNS Insider are projecting the AI Infrastructure Market to hit US$222.42 billion by 2030, growing at an explosive CAGR of 25.5%. Behind the scenes, developments in AI infrastructure are being made and provided by a variety of tech companies that include Avant Technologies Inc. (OTCQB: AVAI), Vertiv Holdings Co (NYSE: VRT), Equinix, Inc. (NASDAQ: EQIX), Innodata Inc. (NASDAQ: INOD), and Salesforce, Inc. (NYSE: CRM).

Key Points: 
  • In order to fully realize this potential, analysts at ING are highlighting how crucial investment in data and digital infrastructure will be moving forward.
  • Another report from analysts at SNS Insider are projecting the AI Infrastructure Market to hit US$222.42 billion by 2030, growing at an explosive CAGR of 25.5%.
  • "By providing robust computational resources and a rich dataset, Avant is set to eliminate many of the technical and financial barriers that have traditionally hampered AI development.
  • "In today's digital landscape, companies struggle with islands of data spread across various systems," said Brian Millham, President and Chief Operating Officer at Salesforce.

Exploring the Surge in Digital Infrastructure Spending Driven by Generative AI Innovations

Retrieved on: 
Tuesday, May 7, 2024

VANCOUVER, BC, May 7, 2024 /PRNewswire/ -- USA News Group – The rise of generative AI is currently adding considerable potential for accelerating economic growth across a wide array of sectors. In order to fully realize this potential, analysts at ING are highlighting how crucial investment in data and digital infrastructure will be moving forward. Citing estimates from Dell'Oro and Bank of America, ING has pointed out that investments from big tech companies in digital infrastructure is expected to grow between 15-22% this year alone. Another report from analysts at SNS Insider are projecting the AI Infrastructure Market to hit US$222.42 billion by 2030, growing at an explosive CAGR of 25.5%. Behind the scenes, developments in AI infrastructure are being made and provided by a variety of tech companies that include Avant Technologies Inc. (OTCQB: AVAI), Vertiv Holdings Co (NYSE: VRT), Equinix, Inc. (NASDAQ: EQIX), Innodata Inc. (NASDAQ: INOD), and Salesforce, Inc. (NYSE: CRM).

Key Points: 
  • In order to fully realize this potential, analysts at ING are highlighting how crucial investment in data and digital infrastructure will be moving forward.
  • Another report from analysts at SNS Insider are projecting the AI Infrastructure Market to hit US$222.42 billion by 2030, growing at an explosive CAGR of 25.5%.
  • "By providing robust computational resources and a rich dataset, Avant is set to eliminate many of the technical and financial barriers that have traditionally hampered AI development.
  • "In today's digital landscape, companies struggle with islands of data spread across various systems," said Brian Millham, President and Chief Operating Officer at Salesforce.

Lonza Prices EUR 1 Billion Straight Bond with a 3.875% Coupon

Retrieved on: 
Friday, May 3, 2024

Basel, Switzerland, 17 April 2024 – Lonza Finance International NV, a wholly owned company of Lonza Group Ltd, Basel (“Lonza”), announced today the pricing of a EUR 1 billion straight bond.

Key Points: 
  • Basel, Switzerland, 17 April 2024 – Lonza Finance International NV, a wholly owned company of Lonza Group Ltd, Basel (“Lonza”), announced today the pricing of a EUR 1 billion straight bond.
  • The bond has a maturity of 12 years and an annual coupon of 3.875%.
  • The issuer is Lonza Finance International NV and the bonds will be guaranteed by Lonza.
  • Lonza will apply for the listing of the bonds on the Luxembourg Stock Exchange (Regulated Market).

Results of ING’s 2024 Annual General Meeting

Retrieved on: 
Monday, April 22, 2024

The purpose of ING Bank is: empowering people to stay a step ahead in life and in business.

Key Points: 
  • The purpose of ING Bank is: empowering people to stay a step ahead in life and in business.
  • Sustainability is an integral part of ING’s strategy, evidenced by ING’s leading position in sector benchmarks.
  • ING Group’s annual accounts are prepared in accordance with International Financial Reporting Standards as adopted by the European Union (‘IFRS- EU’).
  • In preparing the financial information in this document, except as described otherwise, the same accounting principles are applied as in the 2023 ING Group consolidated annual accounts.

Finxact and Zafin Collaborate to Bolster Capabilities and Support Core Banking Transformation

Retrieved on: 
Thursday, May 2, 2024

Finxact, a Fiserv company and leading provider of the next-gen core banking platform to the U.S. regional and super-regional banking sector, and Zafin, a leading provider of SaaS core modernization and transformation solutions for banks, are revolutionizing how financial institutions approach core transformation projects.

Key Points: 
  • Finxact, a Fiserv company and leading provider of the next-gen core banking platform to the U.S. regional and super-regional banking sector, and Zafin, a leading provider of SaaS core modernization and transformation solutions for banks, are revolutionizing how financial institutions approach core transformation projects.
  • Furthermore, the collaboration between Finxact and Zafin presents a compelling proposition for banks currently operating on disparate cores by offering them a strong incentive to consider Finxact as their eventual core system.
  • Finxact is a next-gen core platform engineered to support the scale and performance requirements of the largest U.S.-based financial institutions.
  • Connect with Zafin on Twitter at @zafin, on LinkedIn , on Zafin YouTube or read the Zafin blog .

FinovateSpring 2024: Shaping the Future of Fintech in San Francisco

Retrieved on: 
Wednesday, April 10, 2024

SAN FRANCISCO, April 10, 2024 (GLOBE NEWSWIRE) -- via NetworkWire -- Informa PLC (“ Informa ”), a London-based global leader in events production, digital products, and academic research services, is proud to announce the return of FinovateSpring , the premier fintech conference dedicated to shaping the digital future of financial institutions.

Key Points: 
  • SAN FRANCISCO, April 10, 2024 (GLOBE NEWSWIRE) -- via NetworkWire -- Informa PLC (“ Informa ”), a London-based global leader in events production, digital products, and academic research services, is proud to announce the return of FinovateSpring , the premier fintech conference dedicated to shaping the digital future of financial institutions.
  • The highly anticipated in-person event will take place from May 21-23, 2024, at the Marriot Marquis San Francisco.
  • FinovateSpring is renowned for bringing together executives and thought leaders at the vanguard of revolutionizing the financial services industry.
  • Over three dynamic days, the event will feature 100-plus distinguished speakers and 50-plus live product demos from both emerging fintech innovators and established industry leaders.

Xylem Recognized for Excellence in Sustainable Finance

Retrieved on: 
Thursday, April 18, 2024

Global water technology leader Xylem (NYSE: XYL) has been recognized for excellence in sustainable finance for its $1 billion Revolving Credit Facility.

Key Points: 
  • Global water technology leader Xylem (NYSE: XYL) has been recognized for excellence in sustainable finance for its $1 billion Revolving Credit Facility.
  • Targets include measuring and reducing greenhouse gas emissions across the company’s operations and supply chain, and enabling customers’ carbon footprint reduction with Xylem products.
  • Environmental Finance commended Xylem for its comprehensive supply chain impact and overall sustainability progress.
  • “Xylem is at the leading edge of sustainability, and this award is a testament to that,” Ana Carolina Oliveira, Head of Sustainable Finance Americas at ING, said.

Money20/20 Europe Unveils 2024 Speaker Lineup Under ‘Human X Machine’ Show Theme

Retrieved on: 
Tuesday, April 16, 2024

Money20/20, the world’s leading fintech show and the place where money does business, unveils its agenda for its upcoming Europe show in Amsterdam, 4-6 June.

Key Points: 
  • Money20/20, the world’s leading fintech show and the place where money does business, unveils its agenda for its upcoming Europe show in Amsterdam, 4-6 June.
  • The show promises an amalgamation of expertise, from the Wirecard whistleblower Pav Gill to tech evangelist Prince Constantijn van Oranje-Nassau of the Netherlands.
  • Under the theme of ‘Human X Machine’, Money20/20 Europe 2024 will explore the dynamic relationship between humans and intelligent machines, focusing on how the partnership between artificial and human intelligence will forge a new era in finance.
  • In line with this, Money20/20 Europe also welcomes the CEOs of AI firms including Mistral AI, Datasnipper and Deeploy, alongside executives from the world of cryptocurrency including Kraken and Fireblocks.