ING will spin out its bond analytics platform Katana as a separate entity.
Katana uses machine learning to scan the bond market, keeping investors informed.
It’s the latest startup to graduate from ING’s FinTech incubation labs.
Two previous graduates include Cobase and Yolt.
What does this mean?
The business began as a prototype in 2018 – spinning it out will involve a further investment of £1.5mn by ING, with a funding round totalling £3mn.