ING announced today the start of a share buyback programme under which it plans to repurchase ordinary shares of ING Groep, with a maximum total value of €380 million. The share buyback is part of a € 1.25 billion programme to return capital to our shareholders. Next to the share buyback it consists of a €870 million cash dividend payment.

The share buyback programme will commence on 12 May 2022 and is expected to end no later than 2 November. The purpose of the share buyback programme is to reduce the share capital of ING.

Babel Finance announced on April 18 the appointment of Yang Song as Head of Treasury. Babel Finance Financial Services has newly established this role as the business expands the scope of its services to more varied customer groups. Babel Finance, which has Asia's largest crypto lending book, has now established a treasury section to improve risk management and provide adequate liquidity for its lending operation.

IDT Corporation, a global provider of fintech, cloud communications, and traditional communications services, announced today that, in light of current market conditions, its Board of Directors has postponed the spinoff of its net2phone cloud communications segment, which it had been preparing to spin off on or before July 31st, 2022.

Allied Solutions, one of the largest providers of insurance, lending, risk management, and data enabled products to credit unions, has just launched a strategic collaboration with Scienaptic AI, leading AI-powered credit underwriting platform provider. The partnership will provide an enhanced, personalized loan decisioning platform that will enable credit unions to lend more, automate the lending processes and reduce lending risks.

As companies continue to adapt to the digital world, those with antiquated payment processes are facing major disadvantages affecting both revenue and reach, according to a new survey of finance professionals commissioned by Flywire, a global payments and enablement software company. There’s an imminent need for B2B companies to overhaul their A/R processes, as an overwhelming majority of finance professionals surveyed (92%) believe they could increase their Earnings Per Share (EPS) if their company had a better solution for A/R.

METACO, the leading provider of security-critical software and infrastructure to the digital asset ecosystem, has announced a partnership with Brink’s, the global leader in total cash management, route-based secure logistics and payment solutions. 

RegTech Africa is set to enhance Africa’s digital future through improved collaboration to unlock greater potential for technology innovation.

Eventus, a leading global provider of multi-asset class trade surveillance and market risk solutions, last night won the Markets Media Markets Choice Award for Best in RegTech for the third consecutive year. The award honors the firm that most helped capital markets firms comply with regulation.

The 10th annual Markets Choice Awards recognize excellence in important sectors of institutional trading and technology across the market ecosystem.

“Buy Now Pay Later (BNPL) spending habits will soon be reflected in your credit score following Klarna’s announcement that it will start sharing data with credit agencies from 1st June. The impact of this is currently unclear. Even if users have a good repayment history, some providers could still judge this as a risk factor given the potential BNPL has to mitigate financial stress.