--- title: ING Invests In Natural Language Processing Technology description: Eigen’s NLP technology is already used by ING in areas such as Libor transition and loan operations. image: https://articles.marketsmedia.com/hubfs/Imported_Blog_Media/iStock-694991792-May-12-2022-09-31-51-61-AM.jpg --- ![websites-group](https://articles.marketsmedia.com/hubfs/raw_assets/public/MarketsMedia_August2021/images/new-MMG-01.svg) [![](https://articles.marketsmedia.com/hubfs/raw_assets/public/MarketsMedia_August2021/images/dropdown-new-marketsmedia-logo.svg)](https://www.marketsmedia.com/) [![](https://articles.marketsmedia.com/hubfs/raw_assets/public/MarketsMedia_August2021/images/dropdown-menu-traders-redlogo.svg)](https://www.tradersmagazine.com/) [![](https://articles.marketsmedia.com/hubfs/raw_assets/public/MarketsMedia_August2021/images/dropdown-menu-bestexe-logo.svg)](https://www.bestexecution.net/) [![](https://articles.marketsmedia.com/hubfs/raw_assets/public/MarketsMedia_August2021/images/dropdown-menu-fidesk-logo.svg)](https://www.fixglobal.com/) [![](https://articles.marketsmedia.com/hubfs/raw_assets/public/MarketsMedia_August2021/images/dropdown-fixglobal-new-logo.svg)](https://www.fixglobal.com/) - [*Facebook*](https://www.facebook.com/MarketsMedia/) - [*Twitter*](https://twitter.com/marketsmedia) - [*Linkedin*](https://www.linkedin.com/company/markets-media-llc) - [Newsletter](https://articles.marketsmedia.com/ing-invests-in-natural-language-processing-technology#popup-newsletter) #### Want the latest news on securities markets -- FREE? Sign up to receive exclusive articles on topics including: - Equity market structure - Profiles of buy-side investment firms - The evolution of multi-asset-class trading - Regulation and its implications for markets - The search for liquidity in fixed income markets - The convergence of fintech and capital markets Select one or more newsletters you would like to receive: menu [![Markerts media](https://articles.marketsmedia.com/hubfs/raw_assets/public/MarketsMedia_August2021/images/header%20logo.svg "Markerts media")](https://articles.marketsmedia.com/) - [Fintech](https://articles.marketsmedia.com/tag/fintech) - Fintech - ING Invests In Natural Language Processing Technology Search - [Home](https://articles.marketsmedia.com/) - [Trending](https://articles.marketsmedia.com/tag/trending) - [Featured](https://articles.marketsmedia.com/tag/daily-email-feature) - [Sectors](https://articles.marketsmedia.com/tag/sectors) - [From The Markets](https://articles.marketsmedia.com/tag/from-the-markets) - [AWARDS](https://articles.marketsmedia.com/tag/events) - [Newsletter](https://awards.marketsmedia.com/newsletter-sign-up) - [Newsletter](https://articles.marketsmedia.com/ing-invests-in-natural-language-processing-technology#popup-newsletter) Hide search Search - NewsLetter ![](https://articles.marketsmedia.com/hubfs/Imported_Blog_Media/trading-up-occ-iex-select-board-members-citadel-lands-lieblich-573x379-Jul-07-2022-09-34-11-57-AM.jpg) [ON THE MOVE: Citi Hires Artie Ambrose;...](https://articles.marketsmedia.com/on-the-move-citi-hires-artie-ambrose-natalie-a-brown-to-mesirow) ![](https://articles.marketsmedia.com/hubfs/Imported_Blog_Media/Depositphotos_445735906_L.jpg) [Trading Adapts to ESG and Sustainable...](https://articles.marketsmedia.com/trading-adapts-to-esg-and-sustainable-investing) ![](https://articles.marketsmedia.com/hubfs/Imported_Blog_Media/iStock-917493152-Jul-07-2022-09-34-19-09-AM.jpg) [Focus on FX Execution Connectivity](https://articles.marketsmedia.com/focus-on-fx-execution-connectivity) ![](https://articles.marketsmedia.com/hubfs/Imported_Blog_Media/Depositphotos_333839538_L.jpg) [TRACE Turns 20](https://articles.marketsmedia.com/trace-turns-20) 03.13.2020 By Shanny Basar Fintech # ING Invests In Natural Language Processing Technology 03.13.2020 By Shanny Basar ![ING Invests In Natural Language Processing Technology](https://articles.marketsmedia.com/hubfs/Imported_Blog_Media/iStock-694991792-May-12-2022-09-31-51-61-AM.jpg) [Share](https://www.facebook.com/share.php?u=https://articles.marketsmedia.com/ing-invests-in-natural-language-processing-technology) [Tweet](https://twitter.com/intent/tweet?text=US+ETFs+Have+Record+Net+Inflows&url=https://articles.marketsmedia.com/ing-invests-in-natural-language-processing-technology) [Share](https://www.linkedin.com/cws/share?url=https://articles.marketsmedia.com/ing-invests-in-natural-language-processing-technology) ING’s reputation for adopting cutting edge technologies was enhanced today with the announcement that it would make an investment in London-based provider of natural language processing (NLP) technology Eigen Technologies (‘Eigen’). https://twitter.com/ING\_news/status/1238365232105390080 The €4.5 million investment, made through the bank’s venture capital arm [ING Ventures](https://www.ing.com/About-us/ING-Ventures.htm), is part of Eigen’s Series B investment round announced in November 2019 joining other investors including Goldman Sachs, Temasek, Lakestar and Dawn Capital. With Eigen, ING will work on establishing best-in-class NLP models fully tailored to the financial industry’s need for data extraction. Both companies aim to speed up the development of use cases in areas such as trade finance and SME banking. Benoît Legrand, ING’s Chief Innovation Officer and CEO of ING Ventures said Eigen provides a strategic capability in use cases across both retail and wholesale banking. “This partnership allows both companies to work closer together when implementing use cases through data and process analysis, so as to accelerate Eigen’s advantage in NLP as well as ING’s digital transformation,” he said. ## Advanced thinking [Eigen Technologies](https://www.eigentech.com/) Co-founder and CEO Dr Lewis Liu said “In the years we have worked with ING we have found them to have some of the most advanced thinking in the market on the application of machine learning in financial services, something that comes from their fantastic innovation culture.” “To have ING join us as both an investor and strategic partner is a great privilege,” he said. Eigen’s NLP technology is already used by ING in areas such as LIBOR transition and loan operations. ING’s investment was part of an overall series B investment for Eigen Technologies of US$42 million. Source: ING [Share](https://www.facebook.com/share.php?u=https://articles.marketsmedia.com/ing-invests-in-natural-language-processing-technology) [Tweet](https://twitter.com/intent/tweet?text=US+ETFs+Have+Record+Net+Inflows&url=https://articles.marketsmedia.com/ing-invests-in-natural-language-processing-technology) [Share](https://www.linkedin.com/cws/share?url=https://articles.marketsmedia.com/ing-invests-in-natural-language-processing-technology) ![email](https://articles.marketsmedia.com/hubfs/Markets%20Media/email.svg) ### NEWSLETTER SIGN UP And receive exclusive articles on securities markets ### Related articles 1. 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