Nomura identifies 8 start-ups under India FinTech Programme

New Delhi, Nov 15 (PTI) Global investment bank Nomura hasidentified eight start-ups under its India FinTech Programmethat aims to build innovative ...

New Delhi, Nov 15 (PTI) Global investment bank Nomura hasidentified eight start-ups under its India FinTech Programmethat aims to build innovative solutions for the capitalmarkets and investment banking (CMIB) segment.

The 'Voyager - Nomura FinTech Partnership' programme inIndia was launched earlier this year with an aim to buildinnovative solutions for CMIB that can be deployed across thefirm and financial services industry, a company release said.

Eight start-ups were selected from over 150 globalapplicants that collaborated with Nomura over 10 weeks todevelop "Proof of Concepts", it added.

The eight identified start-ups include Datum Solutions,Recommender Labs, Senseforth, Simility, Stride.ai, Surukam,Tookitaki and vPhrase.

"The Voyager initiative in India is a further sign of ourcommitment to drive financial innovation globally," said YoAkatsuka, Senior Managing Director, Innovations, NomuraHoldings.

The start-ups showcased a wide range of banking solutionsincluding those for client on-boarding, business intelligenceand market insights, enhanced risk and control, and humanresources management, using emerging technologies such asartificial intelligence (AI), machine learning, anomalydetection, natural language processing (NLP), natural languagegeneration (NLG) and chatbots.

"Our engagement and partnership with start-ups hasyielded highly promising solutions to address a number ofbanking industry pain points as well as create newopportunities. This is a strong testament of successfulcollaboration with the broader FinTech ecosystem," NomuraServices India President and CEO R K Rangan said.

Nomura collaborated with PwC as a strategic programmepartner, and with Google, IBM, Amazon Internet Services andLet's Talk Payments to bring industry expertise to the Voyagerprogramme. PTI DRRARD.

This is unedited, unformatted feed from the Press Trust of India wire.

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