Nomura Forms Asset Management Tie-Up With OpenAI
Tokyo-based Nomura has inked a strategic collaboration with OpenAI to enhance its asset management business.
Nomura has entered into a strategic collaboration with OpenAI with a focus on asset management, according to a statement. As part of this tie-up, the bank will adopt OpenAI Deep Research – a research agent that automates the end-to-end research process – and use OpenAI’s strategic and technical support to develop and deploy new services, continuously improve these technologies, and explore new use cases.
“Generative AI has the power to do more than boost efficiency. It can fundamentally transform financial services,” commented Kentaro Okuda, Nomura’s president and group CEO.
“Through our strategic collaboration with OpenAI, we will combine Nomura’s extensive data assets and deep expertise with state-of-the-art AI to deliver more advanced investment advice and market analysis. By doing so, we will provide clients with more accessible and secure services, while also creating new revenue opportunities beyond traditional business models.”
