New Delhi: The Indian Institute of Management, Calcutta has announced an Advanced Programme in FinTech and Financial Blockchain for finance professionals.
In a note, the institute said that its programme will help participants appreciate the explosive growth of FinTech and the increasingly disruptive impact on banking and financial ecosystem. The institution also said that it will prepare finance professionals to exploit the immense potential of FinTech to design and drive new product strategies for their organizations.
The programme will be offered in association with TalentSprint starting from May 2019.
On the global stage, FinTech is attracting significant investments with over 1000 companies raising in excess of $100 billion in the recent past.
India is now a leading contender to become the FinTech capital of the world. The Ministry of Electronics and Information Technology (MeitY) reported a total of 2.45 billion digital payments in August 2018. NASSCOM estimates Indian FinTech will double in size every three years. Gartner predicts that within a decade, 80% of financial firms will lose their relevance because of the threats posed by new FinTech advancements, unforeseen competition, and altered customer preferences.
This IIM Calcutta FinTech programme will be delivered in a hybrid executive format with onsite visits to the IIM Calcutta campus and live online sessions via the TalentSprint digital platform. In addition, TalentSprint will use its knowledge and network within the FinTech sector to curate and offer start-of-art capstone projects for programme participants, and actively leverage its digital platform for the purpose of accelerated experiential learning.
Prof. Indranil Bose, a programme director with the institution explained, "A vast majority of firms in the banking and financial sector believe that the lack of adequate FinTech talent is an existential threat to their future. Our FinTech programme, designed with today’s management and finance professionals in mind, will leverage the deep research and consulting expertise of IIM Calcutta faculty and our state-of-art Finance Lab. We plan to equip and enable 2000 FinTech professionals in the next few years and our association with TalentSprint will help us achieve this objective."
Dr. Santanu Paul, Co-Founder and CEO of TalentSprint, said: "It has been said that FinTech is the new e-commerce. The current growth rate of FinTech is phenomenal and a large amount of funding in India is aggressively chasing the sector."
"It is our belief that this programme, with its innovative curriculum and networking opportunities, will serve as a major launchpad for the best FinTech professionals of tomorrow," he added.