Genpact, IIMU ink 'knowledge partnership' pact

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MBAUniverse.com News Desk | : 
August 16, 2012
IIMU and Genpact will work together to create specialisations in asset-based lending, using application and practical software simulation to identify trends, assess risks, and predict emerging issues in financial marketplace.
Under the agreement, Genpact will offer summer internships to full-time students and set up a merit-based scholarship
Genpact, a global leader in business process management and technology services, has signed an agreement with the Indian Institute of Management, Udaipur (IIMU) to create a “knowledge partnership.”  Under the seven-year agreement, IIMU and Genpact will jointly develop a centre for asset-based lending and finance and an analytics laboratory which will give students an opportunity to solve real-time problems, work on proprietary and the latest software tools and technology.

Under the agreement, Genpact will offer summer internships to full-time students and set up a merit-based scholarship. Students who receive postgraduate diploma in management will be eligible for full-time employment at Genpact in its rapidly-growing banking, analytics and finance businesses.
 
IIMU and Genpact will also work together to create specialisations in asset-based lending, using application and practical software simulation to identify trends, assess risks, and predict emerging issues in financial marketplace. This knowledge partnership will build a strong industry-academia linkage to promote, advance and enhance intellectual and innovative capabilities in asset-based lending, finance and analytics and expose students to global best practices. 

On July 26, Genpact signed a memorandum of understanding with the Institute of Management Technology (IMT), Ghaziabad, to develop and implement analytics elective for the two-year postgraduate diploma in management. The term of the MoU is five years.

Genpact has a tradition of entering into tie-ups with educational institutions in India and abroad.

“The business landscape in the financial sector has become more complex and unpredictable. To address demands of this sector, we need to create a platform where industry and academia can jointly work on these concerns. The IIMU-Genpact Knowledge Partnership is a timely response to these challenges. This partnership aims to create leaders for the financial sector, advance knowledge in the field and in the process make a difference to the sector,”  Janat Shah, director of IIMU, said.

“It is paramount for the industry to work closely with educational institutions to integrate market evolution with business curriculum,” said Mohit Thukral, senior vice-president and business leader, banking, financial services and insurance, Genpact. “This unique partnership will expose students to Genpact’s cutting-edge technological expertise and will cultivate knowledge-based DNA in young leaders in fields that are expected to grow exponentially over the next decade.”