Nomura Research Institute Partners with Behavox to Enhance Conduct Risk Management

Nomura Research Institute, Ltd.(NRI), a  global provider of system solutions and consulting services, recently announced that is has partnered with Behavox, which uses AI to deliver insights that protect enterprises from corporate crises and company-ending events,  to provide Japanese financial institutions with solution services aimed at enhancing conduct risk management.

Conduct risk is defined as "a risk that, while not regulated by laws and regulations, could lead to acts against social norms, acts against business and market practices, or acts that lack a user's perspective, thereby significantly damaging corporate value". Various acts of harassment are also considered to be typical examples of conduct risk.

Behavox is developing solutions to detect such conduct risks, and they have been adopted by financial institutions in the U.S. and Europe.

Together with Behavox, NRI will work to enhance the Japanese language analysis capabilities of this solution to improve the detection rate of conduct risk in accordance with Japanese norms, business and market practices. In addition, NRI plans to develop customers in the Japanese market and provide integrated services for Behavox solutions, from implementation consulting to operation support.

NRI will also continue to help improve financial institutions' services and realize a safe and secure society through the sophistication of conduct risk management.

"As remote work becomes the norm and the workplace continues its expansion from analog to digital, there is a growing interest in conduct risk management in Japan, especially among financial institutions," said Kazunori Hiroi, Department Head, Global Financial Solution Business Department, at NRI, "Behavox is a leading company in this field with a proven track record of implementation at financial institutions in Europe and the United States. With NRI’s consulting and IT services practices, we will jointly contribute to the advancement of conduct risk management in Japan. We are pleased to have entered into this partnership."