Katana was incubated at ING and funded internally for 2 years. The product was co-created with investment teams at PGGM (the second largest pension fund in the Netherlands). Santiago Braje, the head of credit trading at ING at the time, first started an innovation project to build an augmented intelligence tool to help ING traders quote sharper and faster prices. The idea of building Katana emerged soon after, focusing this time on the challenges faced by the buy side. A diverse team of user experience designers, software developers and data scientists from ING Wholesale Banking Advanced Analytics conceived and created Katana in close collaboration with subject market experts at PGGM and other asset managers.
On November 1st 2019 Katana spun out of ING as a separate legal entity, supported by ING Ventures as a minority shareholder and other investors. The company is based in London and the team is expanding.