Technology is written into ING's DNA

Dutch banking and financial firm sees opportunities in Chinese market, which is opening wider to foreign institutions

Ralph Hamers, CEO of Dutch multinational banking and financial firm ING Group, said technology is a crucial part of the company's DNA.

The group is increasing its investment in technology with an annual budget of 1.2 billion euros ($1.4 billion), as well as 300 million euros earmarked to form partnerships with financial technology firms with smart and novel ideas, according to Hamers.