ING's AI tool Katana named Innovator 2019 (Global Finance)
Now in its seventh year, The Innovators is an annual award of Global Finance magazine, honouring top innovations in areas such as payments, trade finance, cash management and islamic finance. Katana was recognised in the corporate finance category.
Using the power of artificial intelligence, Katana allows traders and investors to quickly make sound decisions when buying and trading bonds. It can aggregate vast amounts of data from multiple historic and real-time sources to predict the winning price and identify the most promising trades.
The results show that traders using Katana win 20 percent more trades and their prices are 20 percent sharper. At the same time, it helps investment managers to make better-informed, data-driven decisions.
Katana was developed by ING's Financial Markets Global Credit Trading team in London and the Wholesale Banking Advanced Analytics team.
A full report on The Innovators 2019 will be published in the June issue of Global Finance.