Nomura launches Indian FinTech programme

Japanese investment bank Nomura is launching a new FinTech programme in India to encourage local entrepreneurs to build tools for the capital markets.

The Voyager FinTech partnership is based in Mumbai and will enable startups in the capital markets or investment banking space to engage with the bank and gain expertise from industry experts

PwC, Google, IBM and Amazon Internet Services are also signed up to offer advice to participants.

Applications for the programme opened on April 19 with the company planning to announce its first cohort in September.

The investment bank says alongside expert advice startups will receive global exposure, access to Nomura’s platform to leverage its technology and the potential to partner with the bank.

Participants will not receive funding but Nomura says it will invest in startups depending on relevance, feasibility and financial attractiveness.

Nomura Services India’s CEO RK Rangan commented: “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.”

The firm lists areas it is interested in startups operating in as machine learning, pattern recognition, data visualisation, search, NLP/NLG, anomaly detection, AI and chatbots.

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