KOLKATA, India–(BUSINESS WIRE)–Nomura Research Institute Financial Technologies India Pvt. Ltd. (NRI FT
India), a wholly-owned subsidiary of Nomura Research Institute (NRI)
(TOKYO: 4307), has partnered with Digital Asset to create innovative
capital markets applications using DAML, the open source smart contract
language created by Digital Asset to synchronize business processes and
make transaction workflow more transparent and efficient.
DAML is used to model business processes using smart contracts,
capturing the rights and obligations associated with any asset class,
business transaction or complex multi-party workflow to drive automation
and efficiency. DAML is a core component of a number of Digital Asset
projects and proofs of concept, including those with the ASX, HKEX and
other market infrastructure providers.
Mr. Maulindu Chatterjee, Head of Global Delivery at NRI FT India said,
“Our rich domain expertise in capital markets and years of experience
delivering mission-critical solutions has helped us rapidly establish
competencies with DAML, a technology we find is getting adopted by major
markets in the APAC region such as ASX & HKEX.”
“Importantly,” Chatterjee added, “DAML has significantly enriched our
capabilities as we build out complex enterprise workflows for a range of
financial products. NRI FT India was able to develop multiple Proof of
Concepts with DAML Smart Contracts within a short span of just five
months. NRI FT India is looking forward to expanding the work we’re
doing with Digital Asset in the Australian, Hong Kong and Japanese
markets. Our collaboration with Digital Asset is a major strategic
business opportunity for us.”
“We are delighted to partner with NRI FT India – its deep expertise and
global delivery capability will help us scale our solutions and meet the
rigorous needs of systemically consequential capital market
infrastructures and financial institutions in APAC,” said Jon Rout,
Business Development Director Asia Pacific for Digital Asset. We look
forward to expanding the work we are doing with NRI FT India on
significant client engagements and exploring new business opportunities
together in the future.”
About DAML
DAML is an open source functional programming language designed
specifically for use in multi-party business processes. DAML abstracts
away the underlying complexities of blockchains and database
technologies, allowing developers to focus on the logic of the
applications they are building. For more information about DAML, please
visit daml.com
About Digital Asset
Founded in 2014, Digital Asset is a leading provider of distributed
ledger technology (DLT) solutions that solve real-world business
challenges. The company combines deep industry expertise with advanced
technologies, including DAML, an intuitive smart contract language, to
help clients streamline multi-party business processes on distributed
platforms. To learn more about Digital Asset, please visit https://www.digitalasset.com.
To learn more about DAML, please visit https://www.daml.com.
About Nomura Research Institute Financial Technologies India Pvt. Ltd
Founded in 2001, Nomura Research Institute Financial Technologies India
Pvt. Ltd. (NRI FT India) is a wholly-owned subsidiary of Nomura Research
Institute (NRI). NRI FT India provides a range of reliable, scalable and
adaptable IT Solutions to capital market entities around the world and
has established the technical excellence and successful implementation
track records in developed markets like Japan, Australia, USA, UK, Hong
Kong, Singapore, as well as emerging markets like Thailand, Sri Lanka
and Mongolia. To learn more about NRI FT India, please visit www.nrifintech.com.
About Nomura Research Institute (NRI)
Founded in 1965, NRI is a leading global provider of system solutions
and consulting services, including management consulting, system
integration, and IT management and solutions for financial,
manufacturing, retail and service industries. Clients partner with NRI
to expand businesses, design corporate structures and create new
business strategies. NRI has about 13,000 employees in more than 50
offices globally including New York, London, Tokyo, Hong Kong,
Singapore, and Australia. NRI reports annual sales above $4.2 billion.
For more information, visit www.nri.com/en
Contacts
Media Contacts
NRI FT India
Paramita Chatterjee
Email:
[email protected]
Tel:
+91-33-6604-1000
Digital Asset
Email: [email protected]
Tel:
+1-917-602-3922
