Nomura partners with Google and Amazon for Indian fintech program
Japanese financial holding giant, Nomura, would use a $100 million fund to invest in Indian fintech start-ups in collaboration with PwC, Amazing, IBM, and Google.
Tokyo-based financial holding firm and investment bank, Nomura, is launching a new project aimed at harnessing emerging technologies to transform Indian businesses and services with technology solutions.
The Voyager-Nomura Fintech Partnership has been established in Mumbai where start-ups will be selected for an innovation program to build innovative solutions for India’s capital market and investment banking sectors.
Multinational technology giants Google and IBM collaborated on the launch with Nomura, as had professional services leader PwC and ecommerce leader Amazon.
“New technology, supported by an innovation-driven ecosystem, has resulted in an environment of increasing collaboration between new and traditional market players,” said Nomura president and chief executive, R.K. Rangan.
“Building on this momentum, Voyager is a program for start-ups to engage with Nomura to drive innovation through its global network.”
Nomura senior managing director of innovations, Yo Akatsuka, said involvement in the project had the capacity to leader to gaining Nomura as a client of investor, and would see participants gain international exposure.
“The Voyager initiative in India is a further sign of our commitment to engage with start-ups and encourage financial innovation,” he said.
“We also plan to create a new 10 billion yen fund to provide financial support to start-ups.”