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500 KVA Rooftop Solar Power System Installed at IIITB to Cater to 40% of Power Requirements

Pic Credit: IIIT Bangalore & mukeshsingh

Bengaluru 14, December 2022: IIIT Bangalore one of the renowned institutes of India has installed 500 KVA Rooftop Solar Power System at their campus recently.

Inaugurated by Shri S. Gopalakrishnan, Chairman, IIITB Governing body, the solar power system offers 498.43 KWP capacity which is nearly 40% of the power requirement of the institute. IIITB has installed 393 Solar Panels on Rooftop.

IIIT Bangalore always emphasizes on reducing carbon footprint. Now IIITB has upgraded their infrastructure, to tap green energy rather than going conventional ways by installing this solar power.

Speaking about the installation of the solar power system at IIIT Bangalore, Mr. Jagadish P Patil, Chief Administration officer, IIIT Bangalore said, “Our power requirement has shot up to 22% as there is an increase in student strength and the upgradation of infrastructure. A 1000 seater capacity auditorium and new labs are operational. With this new solar power system, we can reduce 40% on the overall power bill. We have a net metering system in this new solar power system.”

Prof. Debabrata Das, Director, IIIT Bangalore said, “The campus of IIIT Bangalore has vast green spaces, a blend of modern and natural infrastructure, perfectly embodying the Institute’s focus on a symbiotic relationship of cutting edge technological research and education grounded in Indian ethos and value systems. The campus has everything that an academic community would want: state-of-the-art infrastructure, facilities that are an invitation to stay physically fit and opportunities to get outside and change the world. In keeping with this ethos, we have installed 500 KVA solar power system.”

Student strength has increased by 25 % between 2017 & 2022. The average power consumption per day has increased by 21.88 % between 2017 & 2022 (from 3,680 units to 4,711 units per day) (One Power unit is 1 Kilo Watt Hour). Power Consumption per student per day is declined by 6.37 %, (from 4.08 units per day per student to 3.82 units per day per student.)

December 14, 2022
FOSTIIMA-Delhi Placements 2022: 30% Increase in Pre-placement Offers; Secures 100% Placements for Batch 2021-2023

14 Dec 22, New Delhi: FOSTIIMA Business School, an initiative of IIM Ahmedabad alumni and recognized aspiring B-school in North India, has completed 100% placements this academic year campus placement with an average package, close to 10 Lakhs per annum for the batch of 2021-23. The AICTE-approved PGDM program’s academia secured a 30% rise in pre-placement offers this year and for the summer internship placement, students have secured up to 80,000 stipend internship for two months in this academic year.

Pic Credit: PRtainment Media & Communications PL

The institution is offering outstanding – “100% placements” with good profiles at attractive pay scales in reputed corporate houses. The highest package obtained by a student is Rs 25 LPA. The average annual packages for the last three batches are Rs 7.78 LPA (2018-20), Rs 8.35 LPA (2019-21) and Rs 9.21 LPA (2020-22) and the median packages are Rs 7.8 LPA (2018-20), Rs 8.5 LPA (2019-21) and Rs 9.5 LPA (2020-22). Collaborative efforts with an excellent team of 50+ IIM graduates and faculty, the institution campus ensures campus placements across the sectors with attractive packages. The stipend for the summer internship placement has gone up to Rs. 80,000 for 2 months this year. More than the highest, FOSTIIMA focused on high median and average placements which have been rising year on year.

Students of the institution have already been placed in prestigious companies such as Deloitte India, MakeMytrip, Wipro, TCS, KhimjiRamdas, BlackRock, Mondelez, Axis Bank, ICICI Bank, Asian Paints, MRF Tyres, TATA Power, and the list go on. FOSTIIMA offers an IIM environment and good career opportunities to students who have missed out on getting into IIMs.

Commenting on the successful campus recruitment, Mr. Anil Somani, Chairman of FOSTIIMA, said, “The key determinant of B school’s success is the type of placement it offers and the companies that visit them. We have an excellent track record of 100% placement every year, even though the worst economic periods, including pandemic years. FOSTIIMA graduates perform well in the corporate world and are considered valuable human resource assets.”

“At FOSTIIMA we invite a wide spectrum of 100+ companies from diversified industries for campus placements. The CTC graph is going up every year, and corporate houses are selecting our students in huge numbers at high salaries. Our well-oiled campus recruitment process is not only appreciated by students as they get placed in renowned companies but also by corporates as they get to meet excellent talent pools under one roof.” he further added.

FOSTIIMA offers dual specialization to its students with equal weightage that benefits during their career path, in case they wish to switch careers profiles in future. To enroll into the FOSTIIMA PGDM program, the institution considers CAT / XAT / GMAT / CMAT scores and offers scholarships to meritorious candidates based on the set criteria. The campus has its own entrepreneurship development center to encourage students with entrepreneurial goals. Furthermore, International exposure-cum-educational trips and outbound team-building camps are part of their curriculum to enhance relationship-building and personality development.

December 14, 2022
Kasturba Medical College Holds a National-level Medical Symposium to Lay Out an Action Plan for Comprehensive Medical Care in Cases of Sexual and Gender-based Violence

Bengaluru, 14th December 2022: Kasturba Medical College, Manipal in collaboration with India – Doctors Without Borders/ Médecins Sans Frontières (MSF), the Centre for Clinical and innovative forensics and supported by Vydehi Institute of Medical Sciences organized a two-day national-level medical symposium on sexual and gender-based violence (SGBV).

The symposium focused on establishing a survivor-centric model of care across India. Specialists in the field of sexual and gender-based violence, including senior medical faculty (forensic medicine, gynecology, pediatrics, psychiatry), lawyers, and women’s rights activists highlighted the need for better policies and practices to mitigate the structural and systemic deterrents which hinder survivors’ access to medical and psychological care. These include issues such as mandatory police reporting for POCSO, lack of holistic medical education and training among healthcare workers, prejudiced media narratives, and deficiencies in health-seeking behavior among survivors due to a lack of knowledge and awareness.

Professor B N Gangadhar, Former Director of NIMHANS, Bangalore, was the Guest of Honour, and also emphasized the need for collaborative care and training of doctors in this area. Dr. Achal Gulati, President of The Ethics and Medical Registration Board of the National Medical Council, was also the Guest of Honour at the inauguration, stressed the fact that Policies have to be formed such that Existing barriers are recognized and overcome.

Senior Advocate from the Supreme court of India, Ms. Vrinda Grover said, “Despite the amendments in the law, the bias and prejudices persist even among medical professionals and police personnel while examining the survivors. In terms of public perception, cognizance is quicker when bodily injuries are significant. However, the majority of cases of sexual and gender-based violence in the country do not involve grave injuries but the trauma and damage still need to be addressed as seriously. A woman or a girl child’s body should not be seen just as a piece of evidence but from a humane perspective of care.”

M.D. Venkatesh, Vice Chancellor, MAHE, Manipal said, “There were several news reports that incidents of sexual and gender-based violence increased manifold during the pandemic. But there is a dearth of proper insight and evidence on the issue as a whole. It is symposia like these that will fill in this gap and will lay out the roadmap for revision of existing national policies.”

Dr Himanshu M., Medical Coordinator, Doctors Without Borders, India said, “According to the National and Family Health Survey of 2015, only 5 among 10,000 survivors of sexual and gender-based violence seek medical care and this happens even though it causes both short and long-term health consequences. We as MSF have been advocating for reforms and we believe these should be led by the health sector and academia.”

The presentations during the symposium emphasized healthcare access barriers faced by women across age groups and economic strata – especially women who are survivors of domestic violence and intimate partner violence. Women’s rights activists also highlighted the access issues in terms of psychological and legal aid for vulnerable populations such as women with disabilities and the LGBTQ community.

Dr Jagdeesh Reddy, Professor, and Head, of the Department of Forensic Medicine, Vydehi Institute of Medical Sciences and Research, Bangalore said, “Multiple guidelines have been issued by the government of India on the subject of sexual and gender-based violence but there are drawbacks in the implementation thereof. There is a need for in-depth research on the issue so that we can make robust policies based on our evidence and not from western countries.”

Dr. H S Ballal, Pro chancellor, MAHE, opined that awareness needs to be created, especially in rural India about the issue, since the majority of the Indian population is from rural areas and Dr. Sharath K Rao, Dean, Kasturba Medical College Manipal welcomed the gathering, and Dr. Vinod Nayak, Professor of forensic medicine proposed the vote of thanks.

The symposium formed multidisciplinary working groups which deliberated and came up with a policy action plan and recommendations, which would be presented to the decision-makers and concerned governmental authorities, to help them understand the existing barriers to providing patient-centric care to SGBV survivors and make the required policy changes

December 14, 2022
40% Indians from Tier 3 Cities say Language is a key motivator as they plan their 2023 travel: Duolingo Language Report 2022

December 14 2022: Exploring how important a role does the local language of a destination play for Indian travellers while building their travel itineraries, Duolingo (Nasdaq: DUOL) – the world’s most popular language learning app – today released the 2022 Duolingo Language Report in the country.

After 2 years of pandemic induced hiatus, the world is up and running again – this time with extraordinary zeal and passion! Keeping the travel spirits high, the world’s #1 online learning platform, this week launched the ‘Duolingo Language Report’. Embracing YOLO in its truest sense, Indian travellers are once again ready to put on their globetrotting shoes to tick experiences off their bucket list. They no longer seek just touristy experiences and want to travel like a local. Language and culture are interlinked, and you cannot learn one of these without having a clear understanding of the other. Knowing the local language of your destination results in a more personal and richer experience with the native culture!

It is also interesting to note that in a survey conducted by Duolingo, the majority of the respondents (40%) belong to tier-3 cities which indicates that language learning is gaining more traction in these cities. Given the huge increase in the discretionary spending capabilities of tier-3 markets across the country, they look at investing more in experiences. Duolingo has also witnessed a huge influx of consumers from tier-2 and tier-3 markets who wish to learn new languages to broaden their horizons.

Commenting on the 2022 edition of the Duolingo Language Report, Country Marketing Manager in India, Karandeep Singh Kapany said, “To help Indian travellers seeking authentic local experiences, wanting to connect with locals in their native, Duolingo has travel specific easy and basic modules. Duolingo enables a smooth and fun language learning process across several languages, and it is encouraging to see Indians willing to invest time and energy in delving deeper and mastering the art of language learning when planning their next trip. We look at promoting language learning as a culture which opens a whole new door of experiences for all our uses.”

Language is an important requisite for making travel plans

The cultural essence of any place is significantly coded in its language. Indian travellers understand this and are becoming more conscious and mindful of their travel choices – of the impact that they leave on the destination and its people. During the survey by Duolingo, about 50% of respondents agreed that the primary language of the destination is an important consideration factor for them while making travel decisions. The majority of the respondents (76%) said that relaxation and exploring new cultures act as the primary motivators for international travel in 2023. What can be a better way to experience the cultural diversity of a place than in its local language

Say Bon Voyage! French tops the charts as the most preferred language for Indian travellers

Being spoken in more than 40 different countries across the globe, it is no surprise that the majority of the respondents (23%) plan to practise and brush up their French speaking skills followed by German, Arabic and Spanish before they venture out to an international travel destination. Most of these respondents (46%) are Gen Z and millennials.

French is the fifth most spoken language in the world after English, Mandarin, Hindi, and Spanish. It holds the official language status in about 30 countries. Popularly known as the language of culture, knowledge of French enables you to access great works in global art and literature. A little research on the culture of the destination before the trip helps one to be more respectful towards local communities and people.

Time spent on learning a new language is time well spent

47% of the respondents are ready to spend a few days to several weeks time to practise a new language before travelling. 20% of respondents also said that in the past, they had practised French followed by German and Arabic ahead of their travelling plans. Learning the native language of the destination not only makes travel easier but also is one of the best ways to show respect to the people and local communities there.

Last year, Duolingo’s language report indicated that most of Indians were keen towards learning Korean due to the influence of pop culture trendsetters including movies, OTT shows and web series.

Shotgun! Language takes a front seat for authentic travel experiences

Indicating that travellers are ready to put in that extra effort at the travel planning stage – 62% of the respondents said that they have practised at least one foreign language ahead of their travelling plans. It is interesting to note that for their future international trips, travellers don’t want to stop at learning just a few basic words and greetings in the destination’s language but have an appetite for learning enough to have a simple conversation in the destination’s primary language! This contrasts with their past behaviour where they were satisfied with knowing a few keywords and phrases to get around the destination. This change indicates that Indian travellers are leaning towards conscious travel. They want to indulge into the socio-cultural experiences of a place in the most authentic way possible.

During the survey by Duolingo, the majority of the respondents (51%) said that they prefer accidentally saying something embarrassing in a new language rather than not interacting with any locals during the trip. And they very well understand that to interact with the natives, knowing their language is extremely important.

Travellers also hold a great amount of respect for the native culture of a place they are travelling to and prefer to show it through their efforts and actions. 71% of them would prefer losing their luggage rather than getting their pronunciation corrected by a local. This indicates that they are ready to spend some extra time on refining their dialect and pronunciation to maintain the decorum of the foreign language.

They also understand that for exploring the depths of the culture and not merely ‘getting by’ the destination, no number of guidebooks and online research can compensate for the basic understanding of the local language. Therefore, during the survey, 54% of the respondents said that they would prefer ordering food in a new language rather than going through the pain of relying on printed maps to get around the city.

59% of the respondents said that they would rather travel somewhere where no one speaks their language than getting their flight delayed. This indicates that experiencing new destinations by travellers is preferred over getting stranded at an airport from where they have limited access to the outer world.

December 14, 2022
Climate Asia Conducts a Masterclass to Understand the Impact of Systems Changes in the Climate Space.

Delhi, 14/12/22: Earlier last week, Climate Asia conducted a masterclass on Systems Change with Moutushi Sengupta (Director, Asia at Co-Impact) to understand the elements of Systems Change, more about Co-Impact, solutions-based approach to make systems more effective and significance of dynamic systems in the climate space.

As systems exist everywhere, Moutushi began the session by explaining, “Systems are interrelated elements that are working with each other, often based on a set of rules to form a unified whole.” Societal systems are norms, policies, laws, and institutions that determine millions of people’s access to resources and opportunities. The predicament of systems is that they are often unjust, inequitable, and inefficient and don’t provide the type of benefit to the marginalized groups while benefiting certain stakeholder groups far better than others. Henceforth, the failure of systems essentially depends upon the power distribution among the stakeholders, making it challenging to be beneficial.

Another feature of it is that systems working in different orbits and levels are also interlinked, especially in the case of climate and gender justice. Therefore, it is essential to have a dynamic approach to keep it relevant. Systems are the source for policy, resource deployment, service delivery, and leadership attitude. Impact on a scale is achievable by fixing and transforming those systems. The solution lies in moving forward with the levers of change and finding a new equilibrium. Here the power structures are moved so that the majority of stakeholders benefit.

Following this, Moutushi touched upon the work of Co-Impact, a global philanthropic collaborative. The work of Co-Impact involves two large funds, namely the Foundational Fund for just and inclusive systems and Gender Fund for women to exercise power, agency, and leadership at all levels. They aim to provide equitable systems change at scale to tackle social inequalities. The ultimate vision of Co-Impact is to build a society where people live fulfilling lives that can be achieved through inclusive systems. The Co-Impact focuses on three sectors: Health, Education, and economic systems. It also focuses on the adverse impact of climate change on women. They also focus on deepening strategic coherence and strengthening key capabilities for partners while learning and adapting. Additionally, Co-Impact also works with organizations with a strategic vision that demonstrates great leadership. Moreover, its agenda is to find “winning coalitions” where one’s capabilities are intermingled with others to come to a holistic solution that benefits the sum.

The session was also followed by an interaction with the audience, highlighting some crucial points. Answering one of the questions regarding the skills required to join this space, Moutushi mentioned that “taking an ecosystem’s view while also looking at the larger play of actors is at the core of the selection process.” Additionally, “understanding of the political economy, honesty in the present competencies and acknowledging that the solutions are for long-term along with resilience and diligence” are the essential skills one needs to have to be a part of the space.

The session concluded with the key message on the importance of having diverse stakeholders on board while also building partnerships on trust to bring out the benefit at the intersection of many, if not all, marginalized groups.

Climate Asia (www.climateasia.org) is a nonprofit dedicated to strengthening the climate ecosystem in Asia through the capacity building of organizations focusing on talent strategy, capacity building, and thought leadership.

December 14, 2022
Tips to Help You Easily Get Through the Hassle of Getting an Education Loan

Mr. Amit Gupta, MD, SAG Infotech

By CA Amit Gupta, MD, SAG infotech

When looking to study in a prestigious institute in India or abroad, you might need to take an education loan to meet the increasing cost of higher education. There are many factors that will affect whether the education loan process is going to be easier for you or not.

In this article, we talk about some valuable tips that can help smooth the process of getting an education loan for students in India.

Getting an education loan, especially a big one for studying abroad, is not as simple as it might sound. The process of getting an education loan in India can be troublesome and lengthy. This is because a lender will consider everything from your credit history and the loan amount to the type of institution to which you’re planning to get admission.

Here’s everything you can do to ensure a smooth education loan process:

Choose a Reputable Institute

The more famous the institute, the better are your chances to get your education loan approved. This is because it is easier for the lender to trust a reputable institute and it will boost their confidence in your ability to pay back the loan after graduating from that institute.

Many students choose a foreign institute that costs less but is also less known or unheard of. This, however, might make the process of getting an education loan difficult or the lender might ask for high-value collateral or security against the loan.

If you are confused, simply ask your bank or lender for the list of universities and courses for which they can offer special benefits such as lower interest rates and/or no collateral.

Choose the Lender Carefully

Thanks to the growing number of private lenders and non-banking finance companies (NBFCs) in India, there is no shortage of options for someone looking to get a loan. That said, banks aren’t your only option to get an education loan for higher studies.

Trying your luck across multiple lenders, including banks, NBFCs and other private organisations, both Indian and international (for study abroad), will open more doors for you and increase the probability of getting a loan easily and quickly.

When selecting a lender, compare your options based on the rate of interest, loan terms, repayment period, and the need for collateral, among other things.

Maintain a Good Credit Score

Another thing that you would need to ensure an easy loan process is a good credit score. A credit score is decided based on your lending and repayment history. If you have ever taken out a loan or used credit cards, you may already have a credit score, which you can check for free online.

Having a good credit score means that you can be trusted to pay back your loans on time, which increases your chances of getting an education loan quickly.

Look for Alternatives

When looking to study in a prestigious institution, consider alternatives such as scholarships to afford the cost of education. Many institutions offer scholarships to students based on their academics and extracurricular activities.

See if you are eligible for any of this. Even if you can manage to get a partial scholarship from a respected organisation such as the Tata Group, getting a loan for the rest of the amount should become much easier as the lender might be much more inclined to trust a scholarship holder as a candidate for an education loan.

December 14, 2022
Another Foods Serves Up Tailor Made Plant-based Meat for Chefs and Restaurants

Mumbai: Another food, a newly launched plant-based meat company has found a unique way to help chefs and restaurants incorporate more plant-based dishes into their menus. By working directly with HoReCa to co-create food solutions for consumers looking for sustainable and delicious plant-based dishes, Another Foods not only supports their partners with original product development but also with marketing to differentiate their offerings from other plant-based products in the market!

“Having our own lab and manufacturing setup, Another Foods is able to create products specifically required by our partners. We’ve started with three SKUs including plant-based chicken mince, chicken burger patty, and chicken chunks. These products taste just like chicken and are texturally identical to conventional meat, but are non-flavored, offering chefs the versatility to cook these products in different ways for different cuisines. We want restaurants and hotels to think of us as their raw chicken supplier – just like a Godrej or a Venky’s – the only difference being that our products are plant-based,” says Sharvil Desai, Founder, of Another Foods.

Sharing insights on the potential for a startup like other Foods to successfully break into the Indian market, Nicole Rocque, Senior Innovation Specialist, GFI India says, “As category awareness in India grows, food service offers the opportunity for curious and conscious customers to try plant-based meats at their favorite restaurants. Conversely, adding plant-based dishes to the menu can help hotels, restaurants, and cafes attract new consumers, offer more inclusive group dining options, and appeal to younger demographics. Startups like Another food entering the plant-based market – with their tailor-made product and marketing solutions for restaurants and their aim of becoming raw ingredient suppliers for HoReCa – give back culinary creativity to chefs. This model has great potential to scale as it leaves room for versatility, experimentation, and ultimately sustaining consumer interest for an extended period of time.”

Another Foods is a by-product of the efforts of a team of food scientists and chefs, combining art with science to best serve their customers. Speaking about the startup’s origins, Sharvil says, “One of the biggest hurdles stopping people from being more sustainable is the notion that sustainability comes through compromises. I wanted to create something that gives people what they want, without making them think they are compromising. That’s how Another Foods was born.”

Starting in December, Mumbaikars will be able to try Another Foods’ plant-based chicken at Indigo Deli Colaba and at Indigo Burger Project, the restaurant’s cloud kitchen. Anurag Katriar, Founder, of Indigo Hospitality and former President, of the National Restaurants Association of India (NRAI) says, “I have been interacting with Sharvil and Another food for quite some time now. My first meeting with him was over product trials and I remember offering blunt feedback about the necessity to work on the product further, before its commercial launch. To my pleasant surprise, instead of being defensive, Sharvil took my feedback on board positively and came back a few months later with a superior, improved product line! This incident speaks volumes about the culture of Another food and its promoters – they are chasing excellence, and that will surely hold them in good stead in the long run.”

The company is aiming for multi-city launches by the start of January, with several restaurant chains and hotels – including St. Regis – serving food dishes made with Another Foods’ plant-based meat across Mumbai, Delhi, Bangalore, and Goa!

For more developments and information on Another Foods’ product and partnership announcements, you can follow their Instagram and Facebook channels.

December 14, 2022
XLRI conducts CXO Session for PGDM(GM) batch with Mr. Ritesh Chopra

Mr. Ritesh Chopra, Partner & Chief Operating Officer of KPMG Global Services Pvt. Ltd., was guest speaker for students of the XLRI PGDM (GM) 2022-23 batch for a CXO session aimed at giving the students insights and learnings from the corporate world.

The event began with an inaugural address by Urvashi Kaul, XLRI Jamshedpur, who welcomed Mr. Chopra.
During the session, Mr. Chopra spoke about learnings from his journey which can be applied at all levels in the corporate world.

He stressed the importance of deeply understanding one’s role, and that you derive success if business leaders under you succeed. He spoke about teamwork and complementing rather than competing against each other.

He also spoke about continuously developing critical skills, emphasizing transformation skills. Being agile in today’s business environment requires shifting to new gear every day. Covid taught us to be agile, with how the business model changed overnight as everything moved to virtual platforms.

As a leader, he highlighted how critical it was to build a strong team around yourself. An empowered and self-sufficient team is crucial for the success of a leader.

He talked about learning from failure and embracing the journey. Growth will come to if you push your boundaries; there is no shortcut in life.

Some of the key skills he stressed for the students were a fair understanding of finance, operating under ambiguity, managing stakeholders and expectations, being curious, strategic thinking, and influencing outcomes.

Mr. Chopra then answered a number of questions from the students on a range of topics.

The session ended with a vote of thanks by Shivank Chaudhary, and XLRI Jamshedpur.

The views, thoughts and opinions expressed in the text belong solely to Mr. Ritesh Chopra and do not necessarily represent the views of KPMG Global Services Pvt. Ltd.

December 14, 2022
MSc Financial Technology launched by Essex Business School of University of Essex to develop graduates ready to meet the FinTech challenge

New Delhi, December 2022: The launch of the digital rupee in India shows how fast technology is transforming our financial system – creating new services, products and even currencies.

In response to the new opportunities emerging in the finance sector thanks to the latest technology, Essex Business School at the University of Essex is launching a new MSc in Financial Technology (FinTech).

The master course established by leading FinTech expert Professor Franco Fiordelisi offers three routes – finance, economics and computer science – depending on the focus and career aspirations of the student.

Professor Franco Fiordelisi, Professor of Banking and Finance, University of Essex, said: “I realised that traditional Masters in finance are not able to train students for the new challenges that technology is giving to the financial system. Fintech cannot be addressed from a single
perspective, such as the economic, financial, engineering, and physical ones. Fintech requires a specific program merging these different perspectives. Fintech needs a specific program to be well-addressed.

“Our programme combines the skills from the Department of Economics, Essex Business School and the School of Computer Science and Electronic Engineering. Professor Fiordelisi is President of the Financial Intermediation Network of European Studies Bank, and the Federal Reserve of New York.

This gives him an insight into the skills and knowledge needed by FinTech graduates. “Our students will have a wide perspective of the Fintech world and will also be trained in programming and coding in Python,” said Professor Fiordelisi.

“Our programme is also flexible, so the student can choose modules on their interest to go deep into the area they will be most interested in, including investments, asset management, banking, risk management and monetary policy.”

According to Professor Fiordelisi, the pace and impact of technology are increasing in the financial sector.

“Fintech is the new paradigm in finance,” he said. “Technology has initially affected how financial services are delivered, but now it has created new financial products, new currencies, a new form of financial exchanges and, finally, new financial players.

“Traditional financial players have to compete with these new players that, although smaller in the size of financial transactions compared to the traditional financial system, are vastly growing and are a serious threat to traditional players.

“Even regulators have to face the challenges driven by technological advances, leading to a new form of regulation/supervision and, likely, to a new form of traditional currency (such as the digital euro and the Indian digital rupee).

“Technology is also impacting how traditional financial intermediaries work: machine learning, artificial intelligence, deep learning, big data, and blockchain are new tools that financial companies are deeply using for transactional data analysis and improvising their risk management and compliance activities.”

Essex Business School has an international reputation for finance research and academic work alongside the financial industry, regulators, and policymakers both in the UK (for example, at the Royal Bank of Scotland and the Bank of England) and internationally (such as the European Central Bank, the Federal Reserve, and the Bank for International Settlements).

Teaching is grounded in contemporary issues and professional practice, supported by industry- standard facilities like the Bloomberg virtual trading floor. The University of Essex is ranked in the Top 200 for Business and Economics in THE World University Rankings by Subject 2022 and in the top 200 for Accounting and Finance in the QS World University Rankings by Subject 2022.

Pic Source: prhub

December 14, 2022
Apple rolls out 5G support for iPhone 14, other top models in India

Best features in iPhone 14 Pro you must know about

As India enters the 5G era, Apple on Tuesday announced that 5G cellular support has been enabled for new iPhone 14, iPhone 13, iPhone SE and iPhone 12 lineups in India.

In order to use a 5G connection with Reliance Jio and Airtel on an iPhone 12 model or later, customers will need to update to the iOS 16.2 update that also comes with other myriad of features.

Apple last month enabled 5G in the iOS 16 Beta software programme week for select iPhone users in the country.

iPhone 14 Pro seriesApple

Apple Airtel and Jio customers who participated in iOS 16 Beta software programme were able to try out 5G.

Apple worked closely with its “carrier partners in India to bring the best 5G experience to iPhone users as soon as network validation and testing for quality and performance is completed”.

As India rolls out 5G in a phased manner starting with key metro cities, smartphone players are working towards making 5G available on their devices.

Apple performs extensive testing with carrier partners to ensure a great experience for iPhone users.

iPhone 14 ProIBT

iPhone offers users super-fast downloads and uploads, better streaming, and real-time connectivity with 5G to help them stay in touch, share, and enjoy the content.

The support for 5G on iPhone has now extended to over 250 carrier partners in over 70 markets around the world, with expanded support for standalone networks.

Prioritising software upgrades would enable the early adoption of 5G in India.

(IANS)

December 14, 2022