Nomura turns fintech Voyager in India
Asian investment bank Nomura plans to tap into India’s lively fintech scene with the launch of its “Voyager – Nomura Fintech Partnership” – including a new JPY 10 billion ($91.7 million) fund to provide support to start-ups.
Nomura is inviting entrepreneurs to participate in the programme to build solutions for capital markets and investment banking that can be deployed across the firm and financial industry.
A Nomura Innovation Centre (NICe) has been set up at Powai in Mumbai to provide a platform to start-ups that will be selected for the programme.
R.K. Rangan, president and CEO, Nomura Services India, says this latest launch follows on from its global “Financial Innovation Office”, an accelerator programme in Japan, and the establishment of N-Village, a wholly-owned subsidiary, to “promote new business development and open innovation”.
At NICe, firms will be able to access Nomura resources and test their concepts. According to the bank, the partnership could lead to start-ups potentially gaining Nomura as a client and/or an investor.
Nomura adds that it is working with PwC as a knowledge partner, and with Google, IBM and Amazon to “bring together industry expertise” to the programme.