Global investment bank, Nomura, has announced the Voyager-Nomura FinTech Partnership in India. The program is aimed at harnessing the technologies and products of mid- and high-growth stage fintech global startups to better engage Nomura’s businesses and services.
The two verticals that the investment firm is looking to exploit are capital markets and investment banking, with a special focus on front-end and back-end solutions specific to India that could be scaled to the 30 markets the company operates in.
To facilitate this programme, a Nomura Innovation Centre (NICe) has been set up in the company premises in Powai, Mumbai. The space will provide a base to the startups selected for the Voyager programme.
Commenting at the event, Nikhil Mehta, Fintech Lead and Executive Director, Nomura Services India said, “It is all about the spirit of collaboration. Helping startups gain access to Nomura’s domain expertise as well as the fintech ecosystem we have built for them. The main draw of Voyager would be the possibility of gaining Nomura as a potential client if the service or technology fits into the criteria of use cases we are looking at.”
Selection Criteria For Voyager
As per an official statement, the fintech ecosystem created by Nomura includes a knowledge partnership with auditing firm Price Waterhouse Cooper as well as tech support and cloud credits from IBM, Amazon, and Google. Selected startups will be able to leverage Nomura and PWC’s extensive knowledge base and use the other partners’ support in order to achieve enterprise-level scaling.