November 17, 2017
Mumbai, November 15, 2017 — Nomura, Asia’s global investment bank, today hosted a demo day for startups chosen as part of the ‘Voyager - Nomura FinTech Partnership’ program in India. The program was launched earlier this year with the aim to build innovative solutions for Capital Markets and Investment Banking (CMIB) that can be deployed across the firm and financial industry.
Eight startups were selected from over 150 global applicants that collaborated with Nomura over a 10-week period to develop Proof of Concepts. The startups showcased a wide range of banking solutions including those for client on-boarding, business intelligence & market insights, enhanced risk & control, and human resources management, using emerging technologies such as artificial intelligence (AI), machine learning, anomaly detection, natural language processing (NLP), natural language generation (NLG) and chatbots.
Selected startups worked closely with Nomura, leveraged its domain expertise and utilized the Nomura Innovation Centre (NICe) throughout the program.
Rapidly evolving technologies are transforming the way we operate, and this wave of technological disruption is poised to reshape the industry. Nomura is focused on nurturing innovation across the value-chain using new technologies to redesign and re-imagine our operating model. The Voyager initiative in India is a further sign of our commitment to drive financial innovation globally, said [Tokyo Senior Management], who was in Mumbai for the demo day.
We have been extremely pleased with the overwhelming number of applications as well as the quality of startups under the CMIB-focused Voyager initiative. Our deep engagement and partnership with startups have yielded highly promising solutions to address a number of banking industry pain points as well as create new opportunities. This is a strong testament of successful collaboration with the broader FinTech ecosystem, said R.K. Rangan, President & CEO, Nomura Services India.
Nomura collaborated with PwC as a strategic program partner, and with Google, IBM, Amazon Internet Services Pvt. Ltd. and Let’s Talk Payments to bring industry expertise to the Voyager program.
The following eight startups showcased their solutions to Nomura’s executives as well as clients, and senior representatives from the FinTech community.
Datum offers solutions in enterprise content management, leveraging AI for smart processing of information and/or launching appropriate workflows.
Recommender Labs employs machine learning algorithms that analyze individual profiles, choices, and preferences to generate personalized recommendations.
Senseforth is a human-like conversation platform built on AI and NLP. Its bots can address queries, resolve issues, perform tasks, and make recommendations.
Simility's fraud-detection & prevention platform combines machine learning models with rules and behavioral analytics (including biometrics) to improve operational efficiencies.
Stride AI mimics human intelligence at scale and applies its proprietary AI and NLP platform on textual data to intelligently automate enterprise processes.
Surukam is India’s first AI-based legal startup which provides a solution to assist legal teams in contract extraction, knowledge management, and collaboration.
Tookitaki provides a machine learning platform to build and optimize workflows for financial institutions, primarily in operational risk and compliance.
vPhrase helps companies communicate insights from data in words using NLG by analyzing data, deriving insights, and communicating them in a personalized manner.
Further information on Voyager - Nomura FinTech Partnership can be found at http://voyager.nomura.co.in.
Nomura is an Asia-headquartered financial services group with an integrated global network spanning over 30 countries. By connecting markets East & West, Nomura services the needs of individuals, institutions, corporates and governments through its three business divisions: Retail, Asset Management, and Wholesale (Global Markets and Investment Banking). Founded in 1925, the firm is built on a tradition of disciplined entrepreneurship, serving clients with creative solutions and considered thought leadership. For further information about Nomura, visit www.nomura.com.