Dutch Banking Giant ABN AMRO to Develop FinTech Robo Accountant
Netherlands-based bank ABN AMRO has teamed up with Dutch invoice management firm InvoiceSharing to create an innovative FinTech solution for SMEs. According to an announcement from ABN AMRO bank, the two companies are working together to develop a new tool that will provide small business owners with 24/7 insight into their accounts so they can estimate their working capital needs well in advance. They are also creating a robo accountant tool that will read and check invoices, generate journal entries and export the invoices to the business accounts. With the use of this tool, companies....
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According to an announcement made by Delft University of Technology (TU Delft) and Dutch banking giant ABN AMRO have partnered in order to develop new, more complex blockchain applications, with a goal of delivering a new safe and reliable application in only six months – a very short amount of time. ABN AMRO staff will attend blockchain application courses at Delft University of Technology’s Blockchain Lab in order for them to develop their knowledge, strengthening the bank’s commitment to blockchain development. The application the partnership wants to release in six months will be based....
Contrary to speculation and discussion from earlier today, Dutch banking giant ABN AMRO is not working on or releasing a bitcoin wallet to its customers as a part of its banking services. Social media was abuzz with speculation that a bitcoin wallet might be in the offing by ABN AMRO , a major European bank with a global presence, based in Netherlands. A webpage surfaced, purporting to conduct a survey among ABN AMRO customers by the bank’s Innovation Centre. It stated: From the Innovation Centre of ABN AMRO, we follow the development of bitcoin closely. At present, we examine whether the....
ABN Amro has begun a new blockchain pilot focused on real estate transactions. The Dutch bank said yesterday that it is working with IBM to develop a system in which buyers, sellers, brokers and regulators (among other parties) can share and record real estate transactions. According to ABN Amro, the proposed system would support connectivity with regulators such as the country's central bank and the Land Registry Office. In its announcement, ABN Amro suggested that the pilot could ultimately lead to new kinds of client-facing services. The bank said in a statement: “This latest pilot is....
Dutch banking giant ABN Amro has denied it is seeking to release a bitcoin wallet. The new statements follow the discovery of an ABN Amro web page that appeared to discuss a potential bitcoin wallet offering and the rampant social media speculation that quickly followed. In statements, a representative for ABN Amro said that while the bank had experimented with the idea "three or four years ago", the project was short-lived and quickly shelved. A spokesperson said: "It is indeed an old publication about an experiment some years ago. We do not offer our customers a bitcoin....
ABN AMRO, the leading Dutch bank recently conducted a survey to gauge its customers' interest in using bank-run Bitcoin wallet. Read more... ABN AMRO Bank customers may soon have access to a Bitcoin wallet provided by their banking service provider. The Dutch banking major recently ran a survey on its website, to gauge its customers’ interest in Bitcoin. The survey was part of ABN AMRO Innovation Centre’s initiative to understand whether the Bitcoin community in Netherlands prefers to use a Bitcoin wallet developed by the bank or not. The initiative doesn’t come as a surprise as the bank’s....