Cloud computing and Big Data to underline financial technology development going forward
Tadashi Shimamoto, President and CEO of NRI feels that the move towards software as a service (SaaS) will steer the IT industry closer to cloud based computing. October 24, 2012 | EditorialNomura Research Institute (NRI), a Japanese financial IT consulting and system solution company, is looking to further expand its footprint in Asia. In August 2012, NRI locally incorporated its three overseas branches in Seoul, Taipei and Manila and moved them under its wholly owned subsidiary, NRI Asia Pacific (NRI APAC, headquartered in Singapore). The latter’s capital will be increased to reinforce its core function in the Asian region. NRI will be making a $7.5 million capital injection into NRI APAC to increase its paid-up capital to $26.3 million. This is part of the company’s strategy to increase its presence in Asia, according to Tadashi Shimamoto, president and chief executive officer of NRI. “NRI’s long-term management vision calls for the creation of a strong business portfolio. As part of this approach, we will continue to increase the share of sales from outside Japan,” Shimamoto said. Part of the plan includes establishing a consulting and system solution services operation in Thailand by December 2012, to provide consulting services to financial institutions in the country. The newly created local subsidiaries will undertake the business of all NRI's branches in the region, making NRI APAC the core company with nine operational bases. It currently operates five bases: NRI APAC (Singapore and Jakarta), NRI Hong Kong, NRI India (Gurugaon), and NRI FT India (Kolkata), and will establish four new bases: NRI Thailand (Bangkok) by December 2012, as well as NRI Seoul, NRI Taipei and NRI Manila. NRI offers consulting services in developing business and sales strategies for local markets, while providing business support, human resource management, and assistance in implementing merger and acquisition strategies. Besides this, NRI also issues policy recommendations for government and international institutions. NRI Beijing, NRI APAC, and NRI Hong Kong provide systems development and management, business process outsourcing (BP... Please login to read the complete article. If you already have an account, you can login now or subscribe/register.
Categories: Channels, Data & Analytics, Data Management, Innovation, Technology & OperationsChannels,Data & Analytics,Data Management,Innovation,technology, Channels,Data & Analytics,Data Management,Innovation,Technology & Operations, Keywords:NRI, NRI APAC, Tadashi Shimamoto, Nomura Computer Systems, BPO, STP, STAR, Nomura Securities, Big Data, SaaS NRI, NRI APAC, Tadashi Shimamoto, Nomura Computer Systems, BPO, STP, STAR, Nomura Securities, Big Data, SaaS
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