Asian investment bank Nomura has launched a FinTech partnership in India labelled Voyager, aimed at harnessing emerging technologies to help transform its businesses and services.
The bank will also be creating a new 10 billion yen fund to provide financial support to startups in the country. Entrepreneurs are invited to participate in the programme to build solutions for capital markets and investment banking that can be deployed across the firm and financial industry.
An innovation centre has been set up in Mumbai to provide a platform to startups that will be selected for the Voyager program. Startups will gain access to Nomura resources to develop and test their concepts and solutions, with a view to gaining Nomura as a client or investor in the future.
R Rangan, president and CEO of 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 startups to engage with Nomura to drive innovation through its global network.”
Nomura has collaborated with PwC as a knowledge partner, and with Google, IBM and Amazon Internet Services to bring together industry expertise to the Voyager programme.
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