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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.

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Minfy Signs Multi-Year Strategic Collaboration Agreement With AWS To Support USD 500 million in Global Business Growth

Mar 28, 2024 by Gayathri Pariti 0 Comments #AWS, #Hyderabad, #Machine Learning, #Minfy, #Vijay Jain, #Vikram Manchanda

HYDERABAD, India — March 28, 2024 — Minfy, a premier Amazon Web Services (AWS) Partner and cloud native systems integrator based in India, today announced a Strategic Collaboration Agreement (SCA) with AWS that will deepen Minfy’s use of cloud services and artificial intelligence (AI). The SCA will support US$500 million in overall business growth through international expansion over the next four years.

minfy

Under this multi-year agreement with AWS, Minfy will help enterprises across multiple industries worldwide leverage AI and cloud technologies to deliver new solutions, like the Swayam.ai generative AI app store. Swayam.ai serves healthcare, aerospace, logistics, manufacturing, and public sector customers worldwide with solutions including intelligent chatbots, sentiment analysis tools, and text-to-video conversion.

Minfy plans to further international expansion in the U.S., Australia, and in Southeast Asian countries like Malaysia and Philippines with AWS. This includes strengthening go to market plans, hiring local talent and building solutions that are relevant to customers. Having completed more than 500 AWS engagements to date, Minfy was recognized by The Financial Times in 2022 as one of Asia Pacific’s fastest-growing companies with a USD $100 million annualised revenue rate.

Under this agreement, Minfy’s digital solutions in healthcare, logistics, and manufacturing will help in transitioning workloads to AWS. Minfy’s solutions will enable enterprises to prioritize AI adoption, embrace cloud-driven transformation, and develop new digital capabilities to enhance their operations. Minfy is also accelerating its use of AWS’s cloud-enabled capabilities such as Amazon SageMaker and Amazon Bedrock to power the generative AI solutions on Swayam.ai. AWS and Minfy will be at the forefront of driving AI-led digital transformation together, using AWS’s advanced AI and machine learning (ML) capabilities like AWS Inferentia and AWS HealthLake to build new generative AI solutions, migrate workloads, develop intelligent applications, and enhance operational efficiency for Minfy’s customers. The collaboration will also allow Minfy to draw on AWS’s DevOps’ cloud capabilities to modernize their customers’ IT infrastructure, as well as use Amazon Elastic Kubernetes Service, Amazon Elastic Container Service, Amazon Aurora, and Amazon RedShift to better manage their customers’ cloud-based databases.

Minfy will upskill its workforce over the next four years in core AWS competencies across areas like healthcare, data analytics, and ML as it deepens the use of cloud and AI technologies with AWS. Across the organisation, Minfy aims to train its technical, sales, and business professionals with more than 1,000 AWS certifications and accreditations. As part of the SCA, Minfy will also establish a Cloud Centre of Excellence to better centralize knowledge, standardize solution adoption, scale specialized advisory services, and improve solution access across Minfy’s global offices.

“We are thrilled to scale internationally and drive innovation using AI with AWS. This association signifies Minfy’s collaborative vision and leverages AWS’s leading innovation in cloud and AI to expand and redefine the range of offerings for our customers,” said Vikram Manchanda, CEO of Minfy Technologies. “Together, we aim to unlock new possibilities in AI and cloud, driving innovation and delivering exceptional value to our customers globally. Our commitment is not just to technological advancement, but to enable a future where data and generative artificial intelligence augments human effort and creativity.”

“With more than seven years of experience, Minfy has built strong cloud methodologies and practices, especially in large-scale and complex migrations, helping more than 400 AWS customers realize the benefits of cloud technologies and AI in their businesses,” said Vijay Jain, founder and director of Minfy. “We will make significant investments in the training and certification of our existing staff, hiring of AWS engineering talent, co-development of solutions in the Minfy-AWS Cloud Center of Excellence, and the acquisition of several AWS Competencies along with AWS Service Delivery designations. Minfy will draw on AWS’s support to enhance AWS Competencies in relevant areas like healthcare, government, data analytics, managed security services provision and machine learning.”

“Our collaboration with Minfy, leveraging AWS’s cloud and digital capabilities, has been highly beneficial for our business. The innovative solutions and strategic guidance from Minfy have not only streamlined our operations but also opened doors to new opportunities and growth,” said Sumesh Rahavendra, CTO and Digital Officer, POS Malaysia. “Minfy’s commitment to understanding our unique challenges and delivering tailored, cutting-edge solutions have truly transformed the way we use technology, setting a new benchmark for excellence in our industry.”

“AWS is committed to helping local partners like Minfy drive growth and expand internationally,” said Chris Casey, head, Partner Management, Asia Pacific and Japan, AWS. “Minfy’s expertise in cloud migrations, combined with AWS’s breadth of services, unlocks new solutions ranging from personalized patient care in healthcare to workplace safety and prevention in the manufacturing industry. We look forward to extending and deepening this collaboration with Minfy to address the critical real-world challenges faced by businesses today, and to accelerate innovation for our mutual customers locally, regionally, and globally.”

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Mumbai, Bengaluru, Hyderabad to be front runners in India’s residential real estate recovery in 2022: Housing.com’s IRIS index

Dec 28, 2021 by Gouri 0 Comments #Ankita Sood, #Bengaluru, #Delhi, #Dhruv Agarwala, #Hyderabad, #IRIS index, #Mumbai, #Noida, #residential real estate

Megacities of Mumbai, Bengaluru and Hyderabad are all set to lead India’s residential real estate recovery in the year 2022 at a time when home purchases have picked up pace in the wake of record low home loan interest rates in the last 15 years and record low affordability driven by stable real estate prices, according to India’ leading digital full-stack real estate platform Housing.com.

According to Housing.com’s IRIS index, while these three cities have seen increased homebuyer activity after the second wave of the coronavirus pandemic, the tier-II cities like Surat, Jaipur and Patna are the ones that have recorded the highest increase in online property search volume in 2021. The index also lists its ‘cities to watch out for building-up residential demand’, which include Tier-II cities like Surat, Jaipur, Patna, Mohali, Lucknow and Coimbatore.

Housing.com’s IRIS index tracks the online property search volume of high-intent homebuyers. The index is a leading indicator of the building-up of residential demand in India’s key 42 cities.

“The year 2021 has definitely been a year of positive change for residential realty. In more ways than one, it has set the stage for an overall turnaround in the year 2022, something that every sector stakeholder—from the government to real estate developers, and from banks to property investors—has been waiting for. We firmly believe that the strong momentum in the residential markets will continue through the 2022 calendar year, provided India is able to effectively deal with the threat of the Omicron variant spread,” said Dhruv Agarwala, Group CEO, Housing.com, Makaan.com and PropTiger.com.

“The metro cities of Mumbai, Bengaluru and Hyderabad will drive residential demand revival in 2022. We are also seeing increased traction in tier-II cities such as Surat, Jaipur, Patna, Mohali, Lucknow and Coimbatore on the back of continuing remote working policies. Homebuyers are now leaning towards larger homes and localities with access to better healthcare services, security, and open spaces. The changing consumer preference in residential realty, along with digital penetration across the supply and demand value chain, will shape the market in 2022” said Ankita Sood, Head of Research, Housing.com, Makaan.com and PropTiger.com

Demand for larger homes, residential plots sees major boost

The index by the Gurgaon-based company also shows that larger homes are going to be the preferred option among homebuyers in 2022 as companies continue to offer remote working policies amid Omicron variant threats. Data show that the search queries for apartments with 3+BHK configuration grew by 15% year-on-year in 2021.

Due to the rising demand for larger homes in the post coronavirus world, the demand for plots is also likely to emerge much stronger. In fact, there has already been a 42% YoY growth in search queries for residential plots in 2021, as per the IRIS Index.

Since the price of any property is directly linked to its size and amenities, an online search for properties in the ticket size of more than Rs 2 crore, has also undergone an increase – 1.1x times more queries were registered on the index for premium properties in 2021. Proximity to health infrastructure and security would remain two of the biggest factors among prospective homebuyers when selecting their dream properties, the index reveals, citing data from Housing.com’s Consumer Sentiment Outlook for 2022.

Noida Extension records highest share in national online property search volume

Even though the NCR has been at the receiving end of negative publicity due to project delays and developer insolvencies, Noida Extension in Noida will see significant homebuyer interest in the coming year, the index shows. Noida Extension took the maximum share in national online property search volume this year as recorded by the index. This is primarily because of the comparative affordability the area provides, along with the fact that the centre and the UP government have announced several mega infrastructure projects for this region in the recent past.

 Renting activity to pick up in Mumbai, Bengaluru and Delhi

Housing.com’s IRIS index also indicated that the rental market in the megacities of Mumbai, Bengaluru and Delhi might come back on track in 2022, as companies increase hiring. In 2021, these three cities took the maximum share in online search volume for renting a home.

 

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Hyderabad held to 1-1 draw by East Bengal

Dec 24, 2021 by Gouri 0 Comments #Aaren, #Aaren D’Silva, #Aniket, #Aniket Jadhav, #East Bengal, #HFC, #Hyderabad, #Javi Siverio, #Nikhil Poojary, #Sahil Tavora

Hyderabad FC put in another strong performance at Bambolim but managed to secure only a single point from their tricky clash against SC East Bengal on Thursday. This was HFC’s third stalemate of the season and their second in as many games.

Amir Dervisevic (20’) was on the scoresheet for the visitors while Bart Ogbeche (35’) was back among the goals for Manolo Marquez’s side on a tough night at the Athletic Stadium in Bambolim.

With this point, Hyderabad moves to 2nd place in the Indian Super League points table, three points adrift of Mumbai City at the top of the pile.

Having made a couple of changes to his side, both at the back, Hyderabad started slowly and failed to find a foothold early in the game.

A giveaway in the middle of the park and a foul just outside the box gave the visitors their first real chance on goal. And Dervisevic made no mistake as his thumping freekick was too good for Laxmikant Kattimani on goal.

But after the drinks break Hyderabad found some momentum and finally scored the equalizer. Aniket Jadhav’s inch-perfect cross saw Bart Ogbeche rise high and finish in style. This was the Nigerian star’s sixth goal of the season, as he increased his lead at the top of the goal scoring charts in this season’s Indian Super League.

Hyderabad continued to press for a winner on either side of the break, with Sahil Tavora, Aaren D’Silva and Javi Siverio introduced into the game. Manolo also gave Abdul Rabeeh an Indian Super League debut in search of a late winner but his side could not find the back of the net till the final whistle.

Aaren, Aniket and Nikhil Poojary all had a few half-chances that they failed to convert while Kattimani at the other end remained relatively untroubled apart from a few set-piece situations.

Rabeeh added some impetus to the HFC attack that resulted in a couple of late corners, the second of which was almost headed in by Bart Ogbeche with what was the final kick of the game.

East Bengal managed the game, constantly slowing it down and giving HFC no chance to gather any tempo and walked away with a point. Hyderabad FC, though, extend their unbeaten run to six games and will also move back to the second place with 12 points from seven games.

Hyderabad FC is back in action when they take on Odisha FC on Tuesday, 28 December, in a home game in Bambolim.