Today, Cohere and Japanese consulting firm Nomura Research Institute (NRI) announced a collaboration to launch the NRI Financial AI Platform. The new platform is designed to help global financial institutions increase productivity and streamline their operations with the power of Cohere’s highly secure enterprise-grade AI technology. The platform will officially launch in the first half of 2025.

The financial services industry is well-positioned to benefit from AI adoption with increasing competition to unlock greater revenue opportunities and operate as efficiently as possible. At the same time, sensitive and personal data needs to be protected and a trusted AI services provider is critical. We build our products with security and data privacy at the core, and that’s why NRI is leveraging Cohere’s frontier large language models (LLMs) for their AI platform to serve the unique needs of financial institutions.

The NRI Financial AI Platform integrates Cohere’s industry-leading Command R+ and Embed models through the Oracle Cloud Infrastructure (OCI) Generative AI service. Command R+ excels at strong accuracy using retrieval-augmented generation (RAG) to mitigate hallucinations, multilingual coverage to serve the needs of global businesses, and tool use to automate complex tasks. Our Embed model enables businesses to develop powerful enterprise search and RAG applications in 100+ langages. Performance will be enhanced for customers with NRI’s proprietary financial services data and IT solutions. The platform will offer AI-powered financial solutions such as sales operations support, compliance operations support, and advanced and autonomous back-office operations.

We’re excited to collaborate with NRI, a leading provider of IT solutions and consulting services in Japan, to bring this platform to global businesses across the financial services sector. As this industry continues to evolve, we look forward to supporting NRI and its customers in leveraging AI to enhance daily work and increase productivity across their organizations.