Accelerate" is the theme of the 2016 Integrated Annual Report of ING Groep N.V. (IAR) that is published today, together with the Annual Report of ING Bank N.V.. The theme reflects the accelerating pace of change in technology and other areas that is impacting our customers' lives and their expectations from financial service providers. It also expresses how we, as digital leaders in banking, are accelerating the Think Forward strategy to ensure we continue to provide customers with a...

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ING will propose to the 2017 Annual General Meeting (AGM) on 8 May 2017 to appoint Koos Timmermans and Steven van Rijswijk as members of the Executive Board. Upon appointment they will also become members of the Management Board Banking of ING. Koos Timmermans will become chief financial officer as of the date of the AGM, succeeding Patrick Flynn who has decided to pursue his career outside of ING. Steven van Rijswijk will become chief risk officer as of...

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DS-Concept USA provides $3,500,000 non-recourse factoring facility to a niche manufacturer of officially licensed consumer products in the gaming industry. Rather than injecting more equity to support their portfolio company’s growth, the PE group is using DS-Concept to free up an additional $3,500,000 in working capital by financing the company’s domestic and foreign AR. In addition to increasing  the company’s working capital, DS-Concept’s global footprint strengthens the company’s credit and collections capabilities overseas, ultimately allowing them to be more aggressive in foreign...

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Auto manufacturers are increasingly equipping vehicles with rapidly advancing technologies, raising concerns regarding how the public will be affected by these changes. Manufacturers are beginning to implement automated driving and vehicle-to-vehicle (V2V) communication capabilities into their cars, extending potential cybersecurity threats and associated safety issues to road users. As consumers, we already see cybersecurity threats and breaches in many areas of our day-to-day lives. With the spike of auto-driven and connected cars across the auto industry, these same threats and...

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On Friday, March 3, 2017, the United States Citizenship and Immigration Services (USCIS) announced that effective April 3, 2017, it will temporarily suspend premium processing for H-1B petitions.  This suspension may last for up to six months. The temporary suspension will apply to all H-1B applications filed on or after April 3, 2017. Therefore, because the current cap-subject H-1B petitions will not be filed before April 3, 2017, the suspension applies to all regular-cap and master's-advanced-degree-cap petitions.  The cap filings...

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The month of February has brought the following interesting data protection developments: Dutch developments Dutch Data Protection Authority’s focus areas for 2017 Traditionally, the Dutch Data Protection Authority (the Dutch DPA) starts each new year by publishing an agenda setting out its focus areas for the respective year. The Dutch DPA Annual Agenda 2017 was published on 27 January 2017. Readers of our monthly data protection and privacy update will be aware that as per 25 May 2018, the General Data Protection Regulation (EU/2016/679,...

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