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.”



Related Stories

Former chief technology officer, William Ferreira has returned to Man as head of machine learning.
Man GLG appoints head of machine learning
The discretionary investment management business of Man Group, Man GLG, has appointed a head of... Read More
A forum will be held by Standard Chartered Bank Korea, with a keynote presentation from the bank’s London-based CFO.
Standard Chartered Korea to hold fintech forum
Working under the theme of ‘Digital Technology Reshaping the Banking Industry’, Standard Chartered... Read More
Emerging affluent consumers in Asia were more likely to boost their savings by over 40 per cent if they were more digitally savvy, according to Standard Chartered.
Digitally-savvy customers save more
Affluent consumers are a vital engine of growth the Asian economy and need to be completely... Read More
Citi Innovation Lab awarded for innovation
The Citi Innovation Lab Citi Interactive Solutions program has placed the Singapore-based bank hub... Read More