Nomura taps Indian fintech start-up talent 19 April 2017Mumbai Reporter: Drew Nicol
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Nomura has launched the Voyager — Nomura FinTech Partnership in India, aimed at harnessing emerging technologies to improve its processes.
The Japanese investment bank is inviting entrepreneurs to participate in the programme to build capital market solutions for the the bank and its partners.
Participants will work through the Nomura Innovation Centre (NICe), which has been set up at Powai in Mumbai, to provide a platform to start-ups that will be selected for the Voyager programme.
According to Nomura, working at NICe will enable entrepreneurs to access Nomura resources and test their concepts and solutions leveraging the bank’s people, processes and technology.
The bank is also open to forming closer ties with successful start-ups.
Nomura has collaborated with PwC as a knowledge partner, and with Google, IBM and Amazon Internet Services to bring together industry expertise to the Voyager programme.
RK Rangan, president and CEO of Nomura Services India, said: “New technology, supported by an innovation-driven ecosystem, has resulted in an environment of increasing collaboration between new and traditional market players. Building on this momentum, Voyager is a programme for start-ups to engage with Nomura to drive innovation through its global network.”
Yo Akatsuka, senior managing director of innovations for Nomura Holdings, added: “Nomura has already gained momentum in fintech with the launch of financial innovation office globally, an accelerator programme in Japan, and the establishment of N-Village, a wholly-owned subsidiary, to promote new business development and open innovation.”
“We also plan to create a new JPY 10 billion (USD 91.8 million) fund to provide financial support to start-ups. The Voyager initiative in India is a further sign of our commitment to engage with start-ups and encourage financial innovation.”
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