Post Tagged with: "Commerzbank"

ING Will Lay Off 12% of Staff in ‘Digital Transformation’

ING Will Lay Off 12% of Staff in ‘Digital Transformation’

by October 6, 2016 at 12:40 pm 0 comments

Fears of technology displacing human workers are often dismissed by futurists as technophobia or Ludditism, but a Monday “strategy update” from the Dutch bank ING may change the conversation. In the next five years, the bank expects to reduce its workforce by around 5,800 workers, mostly in Belgium and the Netherlands,Read More

Commerzbank Amps Up Startup Investment with $8M for Mambu

Commerzbank Amps Up Startup Investment with $8M for Mambu

by January 11, 2016 at 2:03 pm 0 comments

Commerzventures, the investment arm of Commerzbank, one of Germany’s largest banks, is no stranger to fintech startups. Its activity puts most U.S. rivals to shame, and now the Frankfurt-based bank has established its venture funding strategy: invest in late-stage startups, and, if possible, co-lead Series B rounds, like the oneRead More