Nomura, an Asian investment bank, has announced its investment in AIM2, a venture established by Brevan Howard and specializing in building AI-powered solutions for the finance industry.

The company, AIM2, launched in 2015, uses a combination of data science and machine learning to develop a range of alpha investment strategies. Following the collaboration between Nomura and AIM, the company is involved in creating trading tools for the wholesale market.

Steve Ashley, Global Head of Wholesale at Nomura, said: “The AIM2 team has a strong combination of data scientists and capital market experts, and has built an industry-leading AI engine that we will use across all asset classes to enhance the client experience and increase market share in flow products. This solution will also form part of our plans to accelerate Nomura’s Wholesale digital transformation.”

In the past, Nomura has teamed with PwC, Google, IBM and Amazon Internet Services to harness FinTech innovation to help transform its businesses and services.

Established in 1925, Nomura is an Asian financial services group with four business divisions namely-  Retail, Asset Management, Wholesale (Global Markets and Investment Banking), and Merchant Banking.

by Megha Bhattacharya
Market Analyst at IBS Intelligence