Nasdaq launches fintech venture programme

Nasdaq has set up a new programme designed to uncover worthy investments across emerging financial technologies and services. The US-headquartered exchange operator said in a statement on Wednesday that it plans to make minority investments from below the $1 million mark up to about $10 million through its new Nasdaq Ventures programme. Initial areas of focus include blockchain, machine learning and artificial intelligence, emerging and frontier marketplaces, data, analytics and content aggregation. Every potential investment will be subject to "rigorous review", Nasdaq said. An internal committee will be tasked with ensuring that each partnership reflects Nasdaq's overall financial and strategic goals.