IIT Madras and TVS Credit sign to set up innovation programs
TVS Credit Services Ltd, part of the $ 8.5 billion TVS group, said Thursday it has signed a memorandum of understanding with the Indian Institute of Technology in Madras to conduct joint research activities. The partnership aims to provide technological solutions in the area of ââfinancial technology and data science.
As part of this alliance, the two organizations would explore the possibilities of undertaking joint research projects and formulating academic activities. “This effort would create a seamless ecosystem between industry and academia to take advantage of analytics and technology,” the company said in a statement.
The partnership grows in importance as TVS Credit – one of the country’s fastest growing non-bank financial companies and IIT-M, a symbol of excellence in academia, come together to collaborate on programs innovation, offer training and research to young professionals.
“The collaboration would bring together academic pillars and professionals who would jointly design, develop and carry out cutting-edge technology projects, research and engage in consultations in the areas of financial management and inclusion,” the statement said.
âThe future of technology in financial services is an exciting space to participate in, with an institute like IIT-Madras. In addition, the importance of skills and development is more acute than ever, âsaid Venkatraman G, CEO of TVS Credit.
“With digitization increasing exponentially, young and bright minds need to focus on new skills that will enable them to deliver innovative solutions and thus contribute to the growth of our organization.” Regarding the partnership with TVS Credit, IIT-M, Dean (IC&SR), Professor Ravindra Gettu said: “We are pleased to partner with a leading market player like TVS Credit”.
“Such partnerships help create practical and innovative solutions that can have lasting impact. We look forward to working together and achieving mutually beneficial results,” he said.
The partnership aims to provide scholarships to young minds and the NBFC sector can improve resource efficiency and productivity. The collaboration would help advance research and development, the statement added.
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