MUMBAI: Asia’s global investment bank, Nomura has announced that it has commenced the ‘Voyager – Nomura FinTech Partnership’ in India aimed at harnessing emerging technologies to help transform its businesses and services.
Nomura is inviting entrepreneurs to participate in the program to build innovative solutions for capital markets and investment banking that can be deployed across the firm and financial industry. A Nomura Innovation Centre (NICe) has been set up at Powai in Mumbai to provide a platform to start-ups that will be selected for the Voyager program.
Working at NICe will enable entrepreneurs to access Nomura resources and test their concepts and solutions leveraging the firm’s people, processes and technology. The partnership could lead to start-ups potentially gaining Nomura as a client and/or an investor and obtaining global exposure and scale through association with a well-recognized international investment bank that aims at Connecting Markets East & West.
Nomura has collaborated with PwC as a knowledge partner, and with Google, IBM and Amazon Internet Services Pvt. Ltd. to bring together industry expertise to the Voyager program.
Speaking on the initiative, R K Rangan, President & CEO, 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 program for start-ups to engage with Nomura to drive innovation through its global network.”
“Nomura has already gained momentum in FinTech with the launch of Financial Innovation Office globally, an accelerator program in Japan, and the establishment of N-Village, a whollyowned subsidiary, to promote new business development and open innovation. We also plan to create a new 10-billion-yen 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,” said Yo Akatsuka, Senior Managing Director, Innovations, Nomura Holdings.