IIM Udaipur launches ‘Fintech’ to provide thrust in financial ecosystems

IIM Udaipur launches ‘Fintech’ to provide thrust in financial ecosystems

 IIM Udaipur launches ‘Fintech’ to provide thrust in financial ecosystems
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  • Indian Institute of Management Udaipur announces a new initiative that focuses on Fintech
  • The launch was preceded by the meeting of the Fintech  Advisory Board, also attended by select students of IIM Udaipur

Indian Institute of Management, Udaipur has announced the launch of Fintech this month. Being one of its kind, FinTech is a digital center driven by Fintech academia and stakeholders for empowering the development of financial frameworks and technical understanding of the path-breaking industry vertical.

Considering the rise in interest for Fintech and the need for better financial understanding, this Fintech initiative will bring together industry practitioners, market regulators, entrepreneurs, venture capitalists, technologists, and academicians to develop new knowledge, practices, and frameworks for the rapidly emerging and disruptive financial vertical. The center will have access to high-end computing capabilities of AI/ML and other tools and skills required for the development of new ideas, frameworks, and practices in this rapidly evolving space that has the potential to redesign and redefine the financial landscape of the country.

The launch was announced in the presence of Fintech’s Advisory Board which will work towards providing strategic and directional advice and consists of eminent people from a variety of relevant sectors. The members of the Advisory Board are namely, Ravindra Pandey, Managing Director, SBI, Prashant Tripathy, Deputy Managing Director and CIO, MaxLife, Sachin Seth, Partner & Digital & Fintech Leader, EY, Monappa Nalyanda, Head Marketing Amazon Pay, Sriram Natarajan, President, Quinte and Nidhi Agarwal, Faculty, IIMU. Besides, the institute has also invited Vasudevan P, Chief General Manager, RBI, Alpesh Shah, Senior Partner & Managing Director, BCG, Uday Damodaran, Faculty, IIMU; as special attendees. 

In his communication, Dr. Y. Shekar, In-Charge, Fintech and Centre for Digital Enterprise, IIM Udaipur said, “Fintech itself is becoming an area of great interest and is filled with new kinds of activities, which have the potential to dramatically change the BFSI sector in this decade itself. The Centre can therefore play a pivotal role here by bringing together an ecosystem of practitioners, researchers, consumers, and entrepreneurs from this domain and give back to the industry and academia value in terms of knowledge that can be used in practice, policy and education.” 

IIM Udaipur’s Fintech has the potential to shape the future of Fintech not only in this country or region but in the global context too. India’s breadth and complexity of structure, its well-honed knowledge base in technology and management, and a growing entrepreneurial talent bring the right mix for conducting new experiments and to scale new opportunities.” Prof Janat Shah, Director, IIM Udaipur

The B-school further mentioned that the students of IIM Udaipur attended the Advisory Board Meeting for the first time on this occasion. Students of the PG Program, Prachi Nahata (First Year) and Shivam Sharma (Second Year), and Govinda Advani from Digital Enterprise Management Program attended the meeting. Besides, Prof. Janat Shah, Director, IIM Udaipur, Soorjith Karthikeyan, Dean Faculty & Research, IIMU, and Dr. Y Shekar, Centre In-Charge, Fintech graced the event.

About IIM Udaipur

IIM Udaipur is well on its way to becoming a globally recognized B-School. It has broken new ground by focusing on world-class research and transforming students into tomorrow's managers and leaders. The Institute arrived on the global education stage by securing accreditation from the AACSB (Association to Advance Collegiate Schools of Business) in merely eight years of its establishment. With this accreditation, IIM Udaipur is counted in the same league of global institutes such as Harvard Business School, Wharton School at the University of Pennsylvania, and the MIT Sloan School. Recently, IIMU has been listed on the Financial Times (FT) Global MIM Ranking 2021 as well as the QS Global MIM Ranking 2022. 

IIMU is only the third IIM in the prestigious rankings holding a spot in the Top 100 in FT Masters in Management 2021 Global Ranking for its two-year MBA program for the third consecutive year along with IIM Ahmedabad and IIM Bangalore. The institute was also listed in the prestigious Masters in Management (MIM) QS World University Rankings 2022 for the third consecutive year. The B-school performed amongst the top 97% of the 155 programs that were globally assessed. It is the 7th IIM along with IIM Ahmedabad, Bangalore, Calcutta, Lucknow, Kozhikode and Indore to get listed in the prestigious ranking. However, IIM Udaipur is the youngest B-school globally along with the University of Sydney Business School to be listed in the QS 2022 MIM Rankings.

IIMU is also currently ranked 4th in India, after ISB, IIM Ahmedabad, and IIM Bangalore, for research in management according to the methodology used by UT Dallas, which tracks publications in the leading global journals.

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