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HCLTech Chairperson Roshni Nadar Malhotra conferred the Chevalier de la Légion d’Honneur by France

Jul 8, 2024 by Mansi 0 Comments #France, #H.E. Mr Thierry Mathou, #HCLTech, #Roshni Nadar Malhotra

NOIDA, India and Paris, July 8, 2024–HCLTech, a leading global technology company, announced that Roshni Nadar Malhotra, Chairperson, HCLTech has been conferred the “Chevalier de la Légion d’Honneur” (Knight of the Legion of Honour) by France. The award recognizes her contributions to the business world, constant endeavor to promote economic ties between France and India, as well as her unwavering commitment to social and environmental causes.

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Instituted in 1802 by Napoleon Bonaparte, Chevalier de la Légion d’Honneur is the highest civilian award given by the French Republic for outstanding service to France, regardless of the nationality of the recipients. The President of the French Republic is the Grand Master of the Order of the Legion of Honour. The award was conferred on the HCLTech Chairperson by H.E. Mr Thierry Mathou, Ambassador of France to India, on behalf of the President of the French Republic, during a special ceremony at the Residence of France in Delhi.

Roshni Nadar Malhotra, Chairperson, HCLTech, said, “It is my privilege to receive this honor and it underscores the strategic relationship between India and France. HCLTech has a longstanding presence in France, which is a strategic market for us. We are committed to scaling our operations in the country and supporting the digital transformation of French businesses through our differentiated portfolio of services.”

H.E. Mr Thierry Mathou, Ambassador of France to India, said: “I am delighted to confer the Chevalier de la Légion d’Honneur on Ms Roshni Nadar Malhotra whose exceptional leadership qualities have helped her carve her own niche in both the corporate and the philanthropic worlds. Under her forward-thinking mindset focused on emerging technologies as AI and cybersecurity, HCL has remained at the cutting-edge of the industry, and has been recognized as an active promoter of business relations between France and India. The French Republic acknowledges today not only Ms Nadar Malhotra’s professional achievements but also her impact on society and her commitment to strengthening bilateral relations between our two countries.”

HCLTech has been operating in France since 2009. It is a digital transformation partner to G2000 French companies across diverse industries including aerospace, manufacturing, financial services and pharmaceuticals. Going beyond business, the company has partnered with Apprentis d’Auteuil to enhance software coding skills in middle schools to boost the local technology ecosystem.

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Crédit Mutuel Alliance Fédérale accelerates deployment of generative AI in collaboration with IBM

Jun 27, 2024 by Gayathri Pariti 0 Comments #artificial intelligence, #Crédit Mutuel Alliance Fédérale, #Éric Petitgand, #France, #Frantz Rublé, #Generative AI in collaboration with IBM, #STRASBOURG, #SVP IBM Corporation

STRASBOURG, France and ARMONK, N.Y., June 27, 2024 — Crédit Mutuel Alliance Fédérale, a pioneer in the adoption of Artificial Intelligence (AI) since 2016, invests in cutting-edge technologies. Used every day by its 25,000 advisors, AI freed up nearly 1 million hours of administrative work in 2023 to enable them to continue to best serve their members and clients.

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Operating as a sovereign technology bank, Crédit Mutuel Alliance Fédérale stands out for its ability to carry out almost all of this IT processing in its own datacenters — an approach underpinned by the historic collaboration established between the teams of Euro-Information, the mutualist group’s technology subsidiary, and IBM (NYSE: IBM).

To maintain its lead in artificial intelligence, Crédit Mutuel Alliance Fédérale and Euro-Information are expanding their long-term collaboration with IBM via its IBM watsonx platform — an AI and data platform designed to help businesses develop responsible AI — deployed on Credit Mutuel’s in-house computing infrastructure. This collaboration will make it possible to accelerate and industrialize the deployment of generative AI.

Crédit Mutuel Alliance Fédérale plans to rely on in-house developments and on watsonx to progressively deploy thirty-five AI use cases in Crédit Mutuel and CIC networks, with planned availability for the first set this summer. The mutualist group is also testing the InstructLab technique, jointly developed by IBM and Red Hat, to allow it to design models specific to its field of activity using its own data.

“For the past eight years, the success of our collaboration with IBM in artificial intelligence technologies has demonstrated the relevance of our strategy combining mutualist commitment and innovation. With watsonx, the Euro-Information and IBM teams gathered within the Cognitive Factory are working on the industrialization of 35 new use cases to enable our banking advisors to always offer the best possible services to our customers and members,” indicates Éric Petitgand, Chief Executive Officer of Crédit Mutuel Alliance Fédérale.

“Because banking is a technological business, it is essential to constantly innovate in order to master the technologies of the future. Our collaboration with IBM is all the more strategic as the InstructLab technique will enable us to adapt generative AI to our pioneering commitments to ethical and trustworthy AI that meets the specific needs of our company,” says Frantz Rublé, President of Euro-Information.

“We are delighted to expand our collaboration with Crédit Mutuel Alliance Fédérale. watsonx will allow them to bring cutting-edge generative AI capabilities to improve the customer experience,” adds Sébastian Krause, SVP IBM Corporation.

“Our strategic collaboration with the Crédit Mutuel Group and Euro-Information is thus further strengthened around three pillars: technological innovation, acceleration of transformation, and talent development,” concludes Jean-Philippe Desbiolles, IBM Managing Director for Crédit Mutuel Alliance Fédérale.

Generative AI for enhanced customer relations with the dedicated local advisor

Crédit Mutuel Alliance Fédérale has relied since its creation on technology to best serve its customers and members. In collaboration with IBM Consulting, Euro-Information’s Cognitive Factory has already massively deployed several cutting-edge artificial intelligence solutions, including for customer experience, risk management and compliance, support for account managers and document understanding.

Building on its know-how, Euro-Information will develop 35 AI use cases on an industrial scale, relying on in-house developments and on watsonx. Three initial generative AI solutions are expected to be deployed in the third quarter, enabling advisors to respond even more efficiently to the needs of their customers and members. In addition to MonIA, a broad catalog of AI-based services (document synthesis, transcription of appointments, etc.), they could benefit from templates for replying to customer emails, as well as an AI assistant providing personalized responses to help them with their assignments. A fourth pilot will support the Group’s IT development employees.

Managing the value chain for building ethical and trustworthy AI

Crédit Mutuel Alliance Fédérale, via the Chambre Syndicale et Interfédérale – its parliament made up of elected members and employees – has adopted a charter for trustworthy AI. This charter sets out commitments that govern the use of AI. IBM’s watsonx.governance will help Euro-Information implement them.

In this context, the governance of the mutualist group places AI at the service of human beings: elected representatives, employees, members and customers. It ensures strict respect for digital privacy. Bringing transparent and documented use of AI, it favors the most sober technological solutions and ensures that the principle of pooling banking and insurance offers is perpetuated to guarantee the interests of members and customers.

These collective choices are made possible because Crédit Mutuel Alliance Fédérale operates as a sovereign industrial bank. In this respect, almost all IT processing is carried out on its own datacenters located in France and Europe, using software over which it has full control.

Indian students at EDHEC attend on-ground graduation ceremonies in France for the first time since COVID-19 outbreak
Education

Indian students at EDHEC attend on-ground graduation ceremonies in France for the first time since COVID-19 outbreak

Jun 2, 2022 by Praveen 0 Comments #EDHEC, #France, #on-ground graduation ceremonies

EDHEC Business School, one of the Financial Times Top 10 European Business Schools, recently hosted a series of graduation ceremonies following the French government’s decision to lift most COVID-imposed restrictions.

Indian students – 155 in total – from the classes of 2020 and 2021, who could not come together in previous years due to the pandemic, walked to the stage to receive their diplomas. Students’ families attended the graduation ceremonies in person and via Live Stream worldwide, including in India.

At the beginning of the Covid-19 outbreak, EDHEC cancelled on-campus activities and moved course delivery online to mitigate infection. Graduation ceremonies were also impacted, and students who missed their graduations looked forward to the day when they could wear their graduation cap and gown and receive their diploma.

After France lifted mask mandates in March, EDHEC began hosting on-campus ceremonies for students who missed their original graduation date. This meant that students from the graduating classes of 2020 and 2021 finally got the opportunity to mark the end of their studies at EDHEC with their professors and classmates.

“My brother was able to attend the ceremony with me, and it was amazing for both of us,” said Aditi Gupta, a member of the Class of 2020, who received her MSc in Corporate Finance from EDHEC. “The best part was when EDHEC professors and staff went up on stage, and we were able to thank them for all they did for us during our studies. They are the backbone of the school, and they made the journey smooth for us.”

Gupta’s parents, who could not attend the ceremony, watched a Live Stream of the event from their home in Ahmedabad, Gujarat. Gupta’s extended family also joined the Live Stream to celebrate her achievements, including graduating cum laude and securing a position as Deputy Manager at Deloitte Touche Tohmatsu, India, where she works in the company’s Financial Advisory practice.

Harsh Vardhan from New Delhi, who officially graduated a year ago, celebrated his Masters in Management and Global MBA with friends and professors on campus in France. He is employed as a Brand Specialist with Amazon UK and is based in Manchester, UK.

“COVID-19 made everything unpredictable,” he said. “So, when the original ceremony was cancelled, I was not surprised. But it was a surreal and emotional moment for me to eventually attend the graduation ceremony with my friends and classmates. They came from around the world to revisit the unforgettable memories we created at EDHEC.”

Families in attendance were impressed by the large amphitheatre and the long ramp built for the ceremony. Giant video screens provided an unhindered view of graduates’ happy faces. Parents watching the Live Stream from India felt proud of their children.

“My parents had tears in their eyes,” said Vardhan, who is. “They are so proud of me for graduating from one of the best schools in the world. All their years of hard work and dedication in raising me into a responsible professional paid off, and they could see it with their own eyes.”