Japanese bank Nomura has launched a new subsidiary that will focus on new business development and open innovation.
The wholly-owned subsidiary, dubbed N-Village, will carry out research on emerging technologies as well as develop services that will enhance client experience.
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At the same time, N-Village will support the open innovation and business expansion initiatives of startups.
Nomura also unveiled plans to invest invest JPY10bn ($90.3m) in a new fund that will offer financial support to these start-ups.
The company said that “technological advancements have created opportunities for financial services to expand beyond traditional boundaries”, adding that “it will “continue to promote open innovation and contribute to the further development of the Japanese capital market”.
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