Nomura Research Institute to launch its new AI solution Shingan in Japan

Maria Nikolova

NRI has already conducted POC studies with Shingan at trust banks who typically handle a vast volume of documents in different formats.

Nomura Research Institute Ltd (TYO:4307) is pushing further into the development and implementation of artificial intelligence (AI) technologies. NRI has announced it will begin providing its new AI solution, Shingan in Japan.

Shingan’s main aim is to enable users to automatically extract Japanese data from multiple documents in different formats and relay it to a succeeding system. The solution was developed as a part of NRI’s Intelligent Process Automation (IPA) initiatives, aiming to upgrade and streamline operational processes with digital technologies.

In order to mitigate labor shortage and promote work-style reform, Japanese companies are increasingly using digital technologies to improve operational efficiency. RPA alone, however, has limited capabilities including an inability to handle either exceptions or information not in a compatible data format.

In line with the meaning of the word “Shingan” (“shin” means real and “gan” means eyes), the new solution identifies and extracts accurate information with precision by combining Japanese language processing technology and machine and deep learning. The combined technologies make it possible to format non-standardized data that may be processed by extracting proper nouns from natural language. With Shingan, users can allocate labor on more sophisticated tasks, and therefore a company can produce more value-added services.

NRI has already conducted proof of concept (POC) studies with Shingan at trust banks who usually handle a vast volume of documents in different formats. With Nomura Asset Management Co., Ltd., NRI tested the consistency of extracted sentences from investment reports. The extraction of data and connection to a succeeding system was examined with NRI Process Innovation, Ltd. The results from the PoCs will be used to improve the capability of Shingan in the future.

NRI plans to implement Shingan within 20 clients over the course of next 3 years.

Document analysis is one of the areas where AI solutions are used quite often. In September last year, for example, Japan’s Aeon Bank, a part of Aeon Financial Service Co Ltd (TYO:8570), announced that it will conduct an experiment to test how (and whether) a solution based on artificial intelligence technology will change the quality and efficiency of its interaction with customers. The experiment, using KIBIT, an AI-based engine developed by FRONTEO Inc (TYO:2158), focuses on how AI will help analyze data from documents obtained during the interaction with customers.

Read this next


Spotware Systems unveils version 4.4 of Desktop and Web terminals

Spotware Systems, a technology provider for the electronic trading industry, has launched updated versions of its cTrader Desktop and Web terminals, which add new functionality to join a roster of advanced trading capabilities.

Institutional FX

Integral reports best monthly FX volume in 6 months

Currency trading on Integral’s platforms rose in September to its highest levels since March 2022 as increased volatility across financial markets led to greater activity on institutional FX venues.

Retail FX

OctaFX pre-launches new trading platform as MT4 and MT5 remain suspended by Apple

Like many other brokers within the FX and CFD industry, OctaFX had all its eggs in one basket, MetaQuotes, only offering access to MetaTrader 4 and MetaTrader 5. OctaTrader will provide the much needed change.


Is the Bank of England facing another storm? Op-Ed by Stuart Cole, macro economist at Equiti Capital

An analysis and opinion editorial by Stuart Cole, macro economist at Equiti Capital, 3 October 2022 on what triggered the UK gilt market sell-off and is the Bank of England facing another storm?

Industry News

Kim Kardashian fined $1 million for touting EMAX tokens on social media

“Investors are entitled to know whether the publicity of a security is unbiased, and Ms. Kardashian failed to disclose this information.”

Retail FX

INFINOX launches IX Exchange platform with +20,000 markets in UK

“The launch of IX Exchange is a statement of intent for our growth strategy and a game-changer for our clients’ trading potential.”

Retail FX

Saxo issues gloomy report for Q4 2022 and beyond

Globalisation was the biggest driver behind low inflation over the past 30 years and instrumental for emerging markets and their equity markets. Globalisation in reverse will cause turmoil for trade surplus countries, put upward pressure on inflation and threaten the USD as the reserve currency.

Executive Moves

ICE appoints Caterina Caramaschi to oversee interest rates and equity derivatives

“As the head of a product set covering some of the biggest interest rate and equity derivative benchmarks, at a time when investor’s priorities are firmly focused on interest rate changes and the outlook for global economies, Caterina’s two decades of financial market experience, and the relationships cultivated during that, will be invaluable in developing these products to the benefit of our customers.”

Retail FX

Plus500 sponsors Chicago Bulls ahead of trading platform launch in United States

Plus500 has signed a major multi-year sponsorship deal to become an official global partner of iconic NBA team Chicago Bulls.