Nomura selects eight Fintech start-ups under its India FinTech programme

Nomura selects eight Fintech start-ups under its India FinTech programme
Nomura launched the programme earlier this year with the aim to build innovative solutions for Capital Markets and Investment Banking (CMIB) that can be deployed across the firm and financial services industry. Image Source: Pixabay
Updated: Wed, Nov 15, 2017
11:03 am
IANS
RELATED NEWS
Nomura says India's current account deficit CAD) expected to widen to 2.8 pc of GDP this fiscal Nomura says India's current account deficit CAD) expected to widen to 2.8 pc of GDP this fiscal
RIL regains numero uno spot after briefly dethroned by TCS RIL regains numero uno spot after briefly dethroned by TCS
Nomura warns against govt's stimulus package; blames fiscal stress on higher spending Nomura warns against govt's stimulus package; blames fiscal stress on higher spending
Growth recovery ahead; policy rates to be on hold in June: Nomura Growth recovery ahead; policy rates to be on hold in June: Nomura
Adani Power may have to write down Rs 3,500 crore after SC order on compensatory tariff: Report Adani Power may have to write down Rs 3,500 crore after SC order on compensatory tariff: Report

Eight start-ups showcased their range of solutions here on Wednesday as part of `Voyager-Nomura FinTech Partnership programme in India launched by Asian financial services group Nomura, a statement said.

In a statement issued here Nomura said eight start-ups were selected from over 150 global applicants that collaborated with Nomura over a 10-week period to develop `Proof of Concepts`.

Nomura launched the programme earlier this year with the aim to build innovative solutions for Capital Markets and Investment Banking (CMIB) that can be deployed across the firm and financial services industry.

According to the statement, the start-ups showcased a wide range of banking solutions including those for client on-boarding, business intelligence and market insights, enhanced risk and control, and human resources management, using emerging technologies such as artificial intelligence (AI), machine learning, anomaly detection, natural language processing (NLP), natural language generation (NLG) and chatbots.

Selected start-ups worked closely with Nomura, leveraged its domain expertise and utilized the Nomura Innovation Centre (NICe) throughout the program.

"Rapidly evolving technologies are transforming the way we operate, and this wave of technological disruption is poised to reshape the industry. Nomura is focused on nurturing innovation across the value-chain using new technologies to redesign and re-imagine our operating model. The Voyager initiative in India is a further sign of our commitment to drive financial innovation globally," Yo Akatsuka, Senior Managing Director, Innovations, Nomura Holdings, was quoted as saying in the statement.