Nomura Invests in Japanese Fintech Firm 8 Securities

[kreslik.news]

Mikaal Abdulla, CEO of Japanese fintech 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-traded funds, focusing on discretionary management. The deal will give Nomura a majority ... (read more)