Dutch Financial Institution Van Lanschot Kempen Expands Sustainable Olive Oil Operations in Portugal

Dutch financial institution Van Lanschot Kempen acquired a 400-hectare olive grove in Portugal’s Alqueva region to expand its Rio de Azeite platform. The property features favorable climate conditions and reliable water resources from the Alqueva dam. The SDG Farmland fund now manages approximately 26,600 hectares globally with over 480 million euros in assets under management.

Dutch Public Transport Operator Qbuzz Launches AI Assistant Quby to Streamline Customer Service

Qbuzz, one of the first public transport operators in the Netherlands, launched Quby, an AI assistant that provides immediate answers to travelers and supports customer service staff during conversations. The assistant retrieves real-time travel information, supports multiple languages (Dutch, English, German, French, Arabic, Turkish), and intelligently routes complex issues to human agents while automating administrative tasks like transcriptions and summaries.

KickstartAI Extends Partnership with Dutch Giants Through 2029, Doubling Down on AI Implementation

KickstartAI, founded in 2019 by Ahold Delhaize, ING, KLM and NS, extended its partnership agreement with these founding members until 2029. The organization focuses on accelerating AI adoption in practice across various sectors, with successful implementations including baggage detection for NS, package volume prediction for Bol, digital financial guidance for ING, and food waste reduction planning for KLM. The new phase aims to broaden the partner network to additional sectors and organizations.

European Banking Consortium Expands Qivalis to 37 Members Ahead of Euro Stablecoin Launch

Qivalis, a consortium of European banks based in Amsterdam, has expanded to 37 member institutions from 15 countries to develop a euro-denominated stablecoin as an alternative to dollar-dominated stablecoins. The initiative plans to launch a regulated stablecoin in the second half of 2024, subject to regulatory approval. Portuguese banks are notably absent from the project so far, though it includes major banks from Spain, France, Italy, and Nordic countries.