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ING spins off analytics platform

ING Groep NV spun off its advanced analytics platform Katana into a London-based stand-alone company, Katana Labs Ltd., the Dutch banking group said Jan. 7.

Katana focuses on portfolio managers and their investment decisions. ING added that its ING ventures arm will invest an additional £1.5 million along with other investors, as a part of a £3 million financing round.