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    INGA   NL0011821202

ING GROEP N.V.

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ING Groep N : “When you want to protect your data, just eXate it”

07/14/2021 | 08:17am EDT

ING is serious about innovation and has the stories to prove it! In the latest edition of a video series showcasing innovation, eXate co-founder and CEO 'takes a seat' on The Big White (social distancing) Couch.

'eXate' your data

Businesses strive to collect large amounts of data to predict customers' wants and needs. But accessing, sharing and extracting value from data is a problem for many large organisations. Using eXate, companies can apply data policies automatically and this allows teams to manage data in a faster, more secure way.

'Your software engineers don't have to be experts in cryptography to protect data. It's all done in a simple and automated manner for them,' explained Peter Lancos, co-founder and CEO.

eXate started in 2019 after completing a proof of concept in ING Labs Brussels in 2019. ING Ventures has invested in eXate to help the software company develop its data management platform.

'We allow the different constituents of a company, such as global risk and compliance, IT teams, software engineers, and data scientists to work together and use eXate's technology to enforce the rules around how data can be shared and who's allowed to see it,' said Peter.

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Disclaimer

ING Groep NV published this content on 14 July 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 14 July 2021 12:16:02 UTC.


ę Publicnow 2021
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Sales 2021 18 067 M 21 156 M 21 156 M
Net income 2021 4 723 M 5 530 M 5 530 M
Net Debt 2021 - - -
P/E ratio 2021 9,78x
Yield 2021 7,75%
Capitalization 46 333 M 54 254 M 54 256 M
Capi. / Sales 2021 2,56x
Capi. / Sales 2022 2,54x
Nbr of Employees 57 000
Free-Float 100,0%
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Number of Analysts 23
Last Close Price 11,87 €
Average target price 13,00 €
Spread / Average Target 9,53%
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Steven van Rijswijk Chief Executive Officer
Tanate Phutrakul Chief Financial Officer
Gerardus Johannes Wijers Chairman-Supervisory Board
Ronnie Henricus Van Kemenade Chief Technology Officer
Marnix van Stiphout Chief Operating & Transformation Officer
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