Hyderabad, Dec 7 2015:Genpact Limited (NYSE: G), a global leader in designing, transforming, and running intelligent business operations, today announced amemorandum of understanding (MoU) with ICFAI Business School(IBS), Hyderabad one of the top tier business schools in India, to develop an analytics &research program for its students.
This proprietary program will leverage Genpact’s rich experience and broad suite of analytics solutions serving multiple banks globally, enabling students to gain experience on tools, business applications and the latest industry trends and expectations. The program will provide direct exposure to commercial credit risk management and financial services analytics, which will be imparted through guest lectures and workshops. Genpact plans to conduct these sessions through its own subject matter experts and training partners providing both theoretical and practical experience. Upon successful completion of the program, students become eligible for employment in the analytics practice at Genpact.
Announcing the signing of the MoU, Manish Chopra, Senior Vice President and Business Leader – Risk Services at Genpact said, “This is a significant partnership in solving an industry need for talent that is well versed in the latest regulations in the domain. We look forward to providing students with a great platform to jumpstart their career and provide Genpact with a strong foundation of trained resources.”
Over the last few years, banks and financial institutions worldwide have faced continued volatility and emergence of new regulations across the globe. The new wave of regulations pushes for stringent compliance & risk management for bankscalling for a framework that defines corporate priorities, loan approval processes, credit risk rating system, loan review mechanism, and reporting systems. These factors have led to a sharp rise in demand for talent in the areas of credit risk analytics, customer insight, and sustainable growth. Genpact in its mission to fill this skills gap in the industry has created the “Risk Academy” to grow, acquire and manage talent in the domain. The research and analytics program alliance with ICFAI Business School will be one of the key components of this academy.
AmitBhaskar, Vice President and Head, Financial Services Analytics at Genpact said, “Our experience with such partnerships that we have established with universities is that it helps bring a practical worldview to the students and gives us access to a rich talent pool. Genpact has been a pioneer in this area and we are proud to associate with leading institute like ICFAI.”
Dr. S VenkataSeshaiah, Director, IBS Hyderabad said “IBS Hyderabad as one of the leading business schools in the country has always been at the forefront of programs and initiatives involving industry and academia. We have forged tie ups with leading organizations in commodities, banking, insurance and analytics space in the recent past. These associations create a win-win situation for industry and the academic institution. For industry they get a ready pool of young talent which is trained and for the business school the partnership provides vital inputs for syllabi updation, expert inputs for launch of industry specific courses, Management Development programs, Consultancy opportunities, summer internships and final placements.”He wished the association with Genpact will benefit both the parties and the most important stakeholder the student itself.
About Genpact: Genpact (NYSE: G) stands for “generating business impact.” We design, transform, and run intelligent business operations including those that are complex and specific to a set of chosen industries. The result is advanced operating models that foster growth and manage cost, risk, and compliance across a range of functions such as finance and procurement, financial services account servicing, claims management, regulatory affairs, and industrial asset optimization. Our Smart Enterprise Processes (SEPSM) proprietary framework integrates effective technology and data-driven insight into the fabric of enterprise processes to help our clients be more competitive. Our hundreds of long-term clients include more than one-fourth of the Fortune Global 500. We have rapidly grown to over 67,000 people in 25 countries with key management and corporate offices in New York City, but our global critical mass doesn’t dilute our flexible and collaborative approach and our management team still drives client partnerships personally. Our clients attribute much of our success to our unique history – behind our passion for process and operational excellence is the Lean and Six Sigma heritage of a former General Electric division that has served GE businesses for more than 16 years. For more information, visit www.genpact.com. Follow Genpact on Twitter, Facebook, LinkedIn, and YouTube.
About ICFAI Business School: The ICFAI Foundation for Higher Education (IFHE) is declared as deemed-to-be university under section 3 of the UGC Act 1956. IBS (Faculty of Management) is a constituent of IFHE. Within a short span of time since it was established in 1995, IBS Hyderabad has grown impressively and achieved widespread recognition from industry, academic circles and professional bodies in the last 20 years. It is a premier business school that has been consistently ranked by independent rating agencies as one of the top 10 B – Schools of India. It is one of the first business schools in South Asia to receive the prestigious SAQS accreditation. NAAC, an autonomous institute of University Grants Commission has also accredited The ICFAI Foundation for Higher Education (Deemed to be University) with ‘A’ Grade with an impressive score (institutional CGPA)of 3.43 out of 4.
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For more information:
Sunanda K. Malik (Genpact PR – India)
sunanda.kumar@genpact.com
+ 91-9811887537 Rudra Bose(For Genpact India)
rudra.bose@bm.com
+91 124 441 7592
SudhakarRao
Director-Branding & Communications
ICFAI Group
+91-9848529385.