Global investment bank Nomura has commenced the 'Voyager-Nomura FinTech Partnership' in India that aims 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.
"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," said President and CEO Nomura Services India, R.K. Rangan.
"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 wholly-owned subsidiary, to promote new business development and open innovation," said Senior Managing Director Innovations Nomura Holdings Inc., Yo Akatsuka.
"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," added Yo Akatsuka.
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 and west.
The global bank 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.
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