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ING Bank Adopting Blockchain Technology

ING Group, multinational banking and financial services corporation based in Netherlands is partnering with distributed database company, R3CEV, to jointly invest in blockchain technology. There has been growing concerns about the “zero-knowledge proofs” aspect of blockchain technology from financial institutions and users. Financial institutions involved in capital market operations are always working to increase confidentiality […]

ING Groep NV (ADR) (NYSE:ING) Under Investigations For Corruption Malpractices

ING Groep NV (ADR) (NYSE:ING) corruption investigations includes past irregular transactions between Uzbek official and telecoms company VimpelCom Ltd (ADR) (NASDAQ:VIP). Corruption and irregularities in reporting procedures Prosecutors reports that they were investigating transactions involving the subsidiary ING Bank NV. The institution has being suspected of not reporting or failing to report in a timely […]

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