Nomura Invests in Japanese Fintech Firm 8 Securities

Mikaal Abdulla, CEO of Japanese Fintech Fintech Financial Technology (fintech) is defined as ay technology that is geared towards automating and enhancing the delivery and application of financial services. The origin of the term fintechs can be traced back to the 1990s where it was primarily used as a back-end system technology for renowned financial institutions. However, it has since grown outside the business sector with an increased focus upon consumer services.What Purpose Do Fintechs Serve?The main purpose of fintechs would be to suppl Financial Technology (fintech) is defined as ay technology that is geared towards automating and enhancing the delivery and application of financial services. The origin of the term fintechs can be traced back to the 1990s where it was primarily used as a back-end system technology for renowned financial institutions. However, it has since grown outside the business sector with an increased focus upon consumer services.What Purpose Do Fintechs Serve?The main purpose of fintechs would be to suppl Read this Term firm 8 Securities, has announced a $25 million investment partnership with Nomura Asset Management, according to a post on LinkedIn.

Nomura said in a statement that the two firms will be developing an app that would offer the Nomura subsidiary’s index funds. The app will be ready for Nomura customers by autumn 2017, according to Deal Street Asia. Reuters says that this is an effort on the part of Nomura to attract younger clients.

8 Securities offers robo-advisory services through mobile apps using Exchange Exchange An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv Read this Term-traded funds, focusing on discretionary management. The deal will give Nomura a majority stake in 8 Securities. Nomura is also going to invest 1.1 billion yen ($10.35 million) in 8 Limited, the Hong Kong-based parent company of 8 Securities, giving it a minority stake in that company. 8 Limited provides online brokerage services in Hong Kong.

Nomura Asset Management is a subsidiary of Nomura Group, which is Japan’s largest brokerage and investment banking group. The services provided by the group include brokerage, banking, investment and financing services, with an emphasis on securities businesses. It has a market cap of more than $21 billion.

Nomura recently released its financial results for the third quarter of financial year 2017/2018, showing marked improvements across the board. The corporation recently hired 15 new directors for its investment banking business in the US. CEO Koji Nagai said to Reuters that a larger US market share is planned as that country produces more than 50 percent of the revenue from investment bank fees. The company has an investment bank in Hong Kong and is planning to open up in mainland China too.