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Tag: BFSI

Education

Training Programs to Empower 4,500 Individuals in BFSI & Financial Literacy Across Delhi and Tamil Nadu

Sep 10, 2024 by Sujata 0 Comments #BFSI, #Financial Literacy, #Training Program

HDFC Ergo Picture

10th September 2024: NIIT Foundation, a non-profit organization has joined hands with HDFC ERGO General Insurance to introduce two training programs aimed at fostering economic empowerment and financial literacy among underserved communities. The initiative commenced in June 2024, NIIT Foundation and HDFC ERGO undertakes two key programs, that include training in Banking, Financial Services, and Insurance (BFSI) with the placement opportunities to the successful candidates, and Financial Literacy training – aiming to impact 4,500 individuals across Delhi and Tamil Nadu.

The BFSI training programme targets to impact 500 beneficiaries aged between 20 and 30 years old, by providing them with comprehensive training in the segment, followed by complete assistance in securing employment opportunities upon completing the training.

Simultaneously, the Financial Literacy training program aims to educate and empower 4,000 individuals with financial knowledge and skills with the help of practical insights into financial planning, management, and understanding insurance products. The program is open to people of all ages, accommodating citizens between 18 and 60 years of age, with an aim to equip participants with the necessary tools to make informed financial decisions and uplift individuals, particularly those belonging to underserved communities, to break the cycle of poverty.

Highlighting the importance of the partnership, Dr. Charu Kapoor – Country Director – NIIT Foundation, noted, “Reports suggest that despite the BFSI industry’s exponential growth, our workforce still lacks 50% of the skills that are prerequisite for the BFSI segment[1], making upskilling an integral component. Recognising this, NIIT Foundation is pleased to be partnering with HDFC ERGO to further our efforts in not only bridging the skill gap in the BFSI industry but also improve financial literacy among underserved communities, equipping individuals with the necessary skills and knowledge to thrive in today’s dynamic economic landscape.”

“Learning is the new currency and skill will be the primary differentiator going forward. At HDFC ERGO, we believe in the philosophy – The future is here and now. VidyaaVriksh is a step towards realising that. By combining our expertise in insurance domain with NIIT Foundation’s training reach, our collaboration aims to making a significant difference in the lives of thousands of individuals – aiding them in both ending the cycle of financial insecurity but also empowering them to build a secure and prosperous future,” said Mr. Anuj Tyagi – CEO and Managing Director, HDFC ERGO

The training programs, which will be conducted through NIIT Foundation’s will be impacting 4,500 individuals by the end of the current fiscal year.

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Tata AIG General Insurance and Manipal Academy of BFSI Launch Job-Assured Program for Future Talent

Sep 5, 2024 by Sujata 0 Comments #BFSI, #Manipal Academy, #Tata AIG General Insurance

Bengaluru, Karnataka, 05, September 2024: Manipal Academy of BFSI, a prominent institution in skill development for the Banking, Financial Services, and Insurance (BFSI) sector, has announced a strategic partnership with Tata AIG General Insurance, a leading general insurance company in India to introduce the “Young Achievers Program”. This initiative aims to cultivate and nurture emerging talent by offering a comprehensive 5 months certification program – “Post Graduate Certification in General Insurance” that blends rigorous on-campus training, online learning, on-the-job training (OJT), and hands-on internship experience.

The Young Achievers Program is designed to equip aspiring professionals with essential skills and knowledge required to excel in the dynamic sales field of insurance. The program will be conducted over five months, combining theoretical learning with practical experience. It includes a 45-day training curriculum, starting with a 15-day online learning, followed by 30 days of on-campus training at Manipal Academy of BFSI. Participants will then undertake a 30-day internship, and complete a 3 months on-the-job training (OJT) with Tata AIG General Insurance.  Participants will receive financial support throughout the program where they will be offered stipend of Rs. 63,000/- over the span of 5 months certification program. Additionally, upon joining the organization, Tata AIG General Insurance will reimburse the program fees based on the performance ratings, within a three-year period.

Upon successful completion of the program, the candidates will be offered employment opportunities in sales with TATA AIG General Insurance. This initiative underscores TATA AIG General Insurance’s commitment to foster new talent and ensure that the next generation of insurance professionals are well-prepared to meet the evolving challenges of the industry.

“We are excited to partner with Tata AIG General Insurance to bridge the skill gap in the insurance sales sector,” said Mr. Aatash Shah, Senior Vice President, Manipal Academy of BFSI. “This program equips individuals with the necessary knowledge, skills, and practical experience to excel as Sales professionals. The job-assured nature of the program makes it a compelling opportunity for career seekers.”

Mr. Jitesh Bawa, Chief Human Resource Officer, TATA AIG General Insurance, commented, “Our partnership with Manipal Academy of BFSI reflects our commitment to nurturing future talent. This program offers a structured pathway to a successful career in insurance sales and aligns with our efforts to enhance industry standards. We are eager to support and develop the next generation of professionals through this initiative.”

Applications for the Young Achievers Program will be open from August 20, 2024.

Eligibility:

This program is open to individuals with a graduate degree and strong interest in sales.

business

Vertiv concludes Vertiv Xpress Masterclass Series for Mumbai

Jun 20, 2024 by Gayathri Pariti 0 Comments #a global provider of critical digital infrastructures and continuity solutions, #artificial intelligence, #BFSI, #healthcare, #Jwalant (John) Parikh, #Manufacturing, #Mumbai, #Vertiv, #Vertiv Xpress Masterclass Series for Mumbai

Mumbai, India June 20, 2024 – Vertiv , a global provider of critical digital infrastructures and continuity solutions, concludes the Vertiv Xpress Masterclass Series for Mumbai. The event is an annual initiative that underlines Vertiv’s commitment to encouraging innovation and knowledge transfer within the industry. The key focus of the event was on Artificial Intelligence (AI) and its impact on critical digital infrastructure and innovation at data centers. The event also highlighted the importance of power management and thermal management of critical infrastructure.

Masterclass Mumbai

Over the course of the event, consulting engineers, infrastructure designers, and stakeholders from diverse sectors came together to address pressing issues and challenges, paving the way for collaborative solutions and advancements in critical infrastructure management. The event witnessed over 150+ attendees from various industries like data centers, BFSI, manufacturing, healthcare, and government personnel, amongst others.

“As we conclude the Vertiv Xpress Masterclass Series for Mumbai, we are thrilled to have brought together industry leaders and experts to delve into the transformative potential of AI in shaping the future of critical digital infrastructure. Through collaborative discussions and knowledge exchange, we aim to empower industry leaders with the necessary information and skills to drive growth within the critical infrastructure solutions landscape. This initiative helps us foster a culture of innovation and paves the way to deliver cutting-edge technology that will drive efficiency, reliability, and resilience in our digital ecosystem.” – said Jwalant (John) Parikh, VP, marketing & strategy, Vertiv.

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Mallikarjun Naidu Revolutionising Leisure with Prime Golf

Jun 12, 2024 by Gayathri Pariti 0 Comments #Bengaluru, #BFSI, #Mallikarjun Naidu, #Naidu's golf passion, #Prime Golf, #Revolutionise leisure in India

From a top corporate leader to a trailblazing entrepreneur, Mallikarjun Naidu‘s journey showcases his vision and passion for creating unique experiences.For nearly two decades, Naidu excelled in the BFSI (Banking, Financial Services, and Insurance) sector and capital markets in the United States. However, it was his discovery of a new passion—golf—that set him on a path to revolutionise leisure in India.

Mr. Naidu (2)

Naidu’s golf passion blossomed during his time in the US, where he embraced the sport’s inclusive, vibrant culture. Yet, upon returning to India, he noticed a gap – golf was still perceived as an elite, exclusive pursuit. Driven by his entrepreneurial mindset, Naidu envisioned a welcoming space where both seasoned and novice golfers could experience the game’s thrill. This vision materialised as Prime Golf.

Spanning an impressive 1.52 lakh sq ft in the bustling heart of Whitefield, Bengaluru, Prime Golf is a groundbreaking venue that merges the excitement of golf with the luxury of craft brewing. Naidu’s concept, aptly captured in the ethos “Swing, Sip, and Soak in the Fun,” aims to make the sport of golf accessible and enjoyable for all.

Naidu’s dedication to inclusivity is evident in every aspect of Prime Golf. The state-of-the-art facilities feature Asia’s largest microbrewery, where an expert team crafts an unparalleled selection of beers on-site. Beer aficionados can indulge in an extraordinary array of craft brews, showcasing diverse flavours from IPAs and lagers to sour beers and fruit-infused ales. Each brew is crafted with locally-sourced ingredients, offering a unique twist on global styles.

But Prime Golf transcends golf and beer; it’s a space for connection, relaxation, and savouring life’s finest moments. Guests can immerse themselves in the sport’s thrill at precision-designed individual golf bays while enjoying panoramic views from an expansive bar and the largest LED screen in its category. With a 1,500-person seating capacity, Prime Golf promises an immersive experience for all.

Culinary enthusiasts will find joy in Prime Golf’s exceptional dining offerings, featuring over 450 delectable choices ranging from modern Indian to global cuisines. The venue also caters to diverse recreational interests, offering arcade games and social spaces, ensuring there is something for everyone—families, individuals, couples, and corporate groups alike.

Mallikarjun Naidu‘s Prime Golf is more than a venue; it’s a vision brought to life, harmoniously blending sport, relaxation, and gastronomy, inviting all to partake in its vibrant offerings. Through his innovative approach, Naidu has not only introduced a global golfing and culinary experience to Bengaluru but also created an inclusive space where leisure, sport, and community converge.

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BFSI Consortium Drives Collaboration and Change with Successful Launch of ‘B Unplugged—The BFSI Consortium’s Dialogue Event Series

Apr 9, 2024 by Gayathri Pariti 0 Comments #BFSI, #Hyderabad, #IIIT, #Mr. D. Sridhar Babu

Hyderabad, April 10, 2024: The BFSI Consortium, marked a significant milestone with the successful launch of its transformative event series, ‘B. Unplugged—The BFSI Consortium’s Dialogue, disclosed in a press note issued in the city today.

The BFSI Consortium is a global BFSI convergence platform with extensive financial service experiences. It is the first in the country with a unique vision to converge all partners onto a single platform, viz BFSI global & Indian IT companies, Education Institutions, Regulatory & Govt. bodies, Fintech Startups & IT associations.

D. SRIDHAR BABU_RAMESH KAZA_MAMATHA MADIREDDY AND OTHERS

Held recently, the inaugural edition witnessed enthusiastic participation from industry leaders, academicians, startups, and key stakeholders within the Banking, Financial Services, and Insurance (BFSI) sector.

Attendees gained valuable insights through a comprehensive progress update on the Consortium’s initiatives, specifically those focused on bridging the gap between academia and the BFSI industry, ultimately enhancing student employability in the sector. The event served as a platform to ignite collaboration, innovation, and knowledge-sharing, propelling the BFSI sector forward.

Speaking on the occasion, Mr. D. Sridhar Babu- Honourable Minister for IT, E&C, Industries & Commerce and Legislative Affairs, drew upon his vast experience to deliver a captivating keynote address. His insights enriched the discussion and offered attendees a unique perspective on the evolving BFSI landscape. He said, “The thought of BFSI consortium is a very notable idea and a win-win situation for the State, Industry & Education Sector.” He emphasized the importance of striking a balance by including tier two and tier three cities in the initiative.

This was followed by a thought-provoking panel discussion titled “BFSI Today, Tomorrow, & AI,” held in partnership with IIIT. Industry leaders, experts, and innovators delved into the current state of AI adoption within BFSI, the crucial role of startups in providing solutions, and the data challenges inherent in a regulated sector. The discussion concluded with a forward-looking exploration of Generative AI (GenAI) and its potential impact on the BFSI domain.

BFSI leaders, academicians, and industry leaders all contributed valuable insights throughout the event, further enriching the experience for attendees. This insightful session, held in collaboration with social impact partner EQUIPPP, shed light on the future of the BFSI sector and equipped participants with the next steps for building industry-ready talent.

The BFSI Consortium remains committed to hosting future B. Unplugged events, fostering a thriving ecosystem for continued collaboration and knowledge-sharing within the BFSI sector.