Asian Financial Services Giant To Spend $100 Million Tapping Silicon Valley

Josh O'Neill

18 September 2017

has said it will spend $100 million setting up a shop in San Francisco, US, to focus on financial innovation and business development.

The office will serve as a “hub” for global collaboration between Nomura and Silicon Valley start-ups and venture capital firms, exploring next-generation businesses and cutting-edge technologies, the group said in a statement.

Nomura will leverage these technologies to enhance its business model and will pursue co-investment with clients in Asia and across the world, it added.

The announcement follows the launch of Nomura's Voyager accelerator programs in Japan and India earlier this year, and the establishment of N-Village, its innovation laboratory.

In April 2015, Nomura launched a cross-divisional fintech committee and has since focused on maximizing the use of both internal and external technology resources to advance its business strategy, it said.

In December of the same year, the group set up a financial innovation office in Tokyo to promote and support innovation in financial services.