April 19, 2017
In recent times, we have witnessed debates on the active collaboration between FinTech startups and financial institutions. There have been naysayers backing the demise of financial institutions with the emergence of FinTechs, commentating on the agility of these startups to disrupt the existing legacy ecosystem. Instead, financial institutions have started courting and pushing for a more mutually beneficial relationship as they have realized that there is more value in adopting financial innovations for mutual and customer-centric benefits.
Nomura, Asia’s global investment bank, has been at the forefront recognizing this new tech-driven innovation in financial services. Nomura has been sharpening its focus on the FinTech segment and has already established a Financial Innovation Office globally, an accelerator program in Japan, and the N-Village – a wholly owned subsidiary – to promote new business development and open innovation. Continuing its engagement with FinTech firms, Nomura is now launching the ‘Voyager-Nomura FinTech Partnership’ in India to collaborate with FinTech startups to leverage their unique value proposition.
The Voyager-Nomura FinTech partnership is seeking for emerging technologies to help transform the way Nomura and the capital markets and investment banking industry operates. They are seeking to partner with innovative solutions working in the any of the listed technologies below:
A Nomura Innovation Centre (NICe) has been set up at Powai in Mumbai to provide a platform to startups that will be selected for the Voyager program.
A partnership with Nomura will enable entrepreneurs to access Nomura’s resources and test its concepts and solutions across their ecosystem. This partnership could also lead to startups potentially gaining Nomura as a client and/or investor. Nomura being a global brand present in over 30 countries would create opportunities for selected startups to access different Nomura businesses spread across various regions. This aligns with their slogan Connecting Markets East & West. The other incentive for startups to apply would be PR coverage in leading publications as well as social media, which would come with in association with a leading international investment bank.
The application process for FinTech startups starts on April 19. The link for the application page can be found here and the deadline for applications is on May 19. The announcement for shortlisted startups will be made on June 30 and they will get an opportunity to conduct a Proof-of-Concept (PoC). Post this, the final set of selected startup cohort will be announced on September 30. The final selected startups will get a chance with Nomura to develop solutions. The Nomura Voyager FinTech Partnership is open to startups based in India and abroad
LTP is a program partner Voyager program and is acting as an important bridge between Nomura and FinTech startups. As an industry thought leader, we strongly suggest to FinTech startups in the investment banking and capital markets segment to apply for this program. The Voyager-Nomura FinTech Partnership is a focused initiative which has the strong backing of prominent advisors and a global behemoth in Nomura.