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Swiss Re Hosts Exclusive Career Forum for Women -‘ElevateHER’

14/05/2019

Swiss Re Global Business Solutions Centre Bangalore recently hosted an exclusive meet-up for women across different professions to come together to network and learn from each other as well as from industry leaders. Swiss Re Global Business Solutions Centre Bangalore is an analytical and innovation hub of leading global reinsurer Swiss Re.

The forum, called ElevateHER, was aimed at helping unleash women’s potential at work. It comprised of a workshop on Overcoming Career Barriers by leadership coach Dr. Ushy Mohandas, a keynote session by Jasbir Pannu, Regional Head HR – APAC, Swiss Re, interactive sessions with leaders and speed interviews. With more than 120 women in attendance from various walks of life, this event elicited a lot of interest from participants.

Jasbir Pannu, Regional Head HR – APAC, Swiss Re, said, “By building a culture that allows a myriad of experiences, identities, professional expertise etc. to work together, we are inspiring people to thrive in today’s dynamic, fast-paced digital world.”

According to Pannu, society shapes the perception of women about themselves through unconscious biases and moulds their opinion to reinforce the idea of patriarchy in their minds. Speaking of equality in the workforce, Pannu pointed that one cannot ask for equality if they are expecting to be treated differently for their gender. She added, “We must be careful of what we teach our next generation, and how conscious we must be about it.”

Amit Kalra, Head of Global Business Solutions Centre Bangalore, says, At Swiss Re, inclusion is at the heart of our strategy. Whether it be inclusion with regard to thoughts, expertise, education, gender identity and sexual orientation, age, profession, ethnicity or any other aspect of our being, we believe and have seen over the years that such diversity together enriches us and makes us stronger.”

At Swiss Re, we have a flexible, inclusive and open culture where dialogue and different perspectives are valued. We appreciate the ever changing working preferences of different cultures, generations and personalities. Our culture and leadership supports an authentic environment in which we all value each other’s differences and where everyone can bring their true selves to work.

Gender Intelligence Workshops, Female Mentorship Programs, LGBTI+ integration are some of the initiatives here at Swiss Re Bangalore which enable employees and help uphold our culture of inclusion.

Categories: Educational News

Six New Deakin University Research Projects to Benefit India

03/05/2019

From agricultural drones, to recycled textile waste, to supporting women entrepreneurs – an innovative partnership scheme will draw on Deakin University’sand other world experts to build India’s research capacity.

Top researchers from Deakin University, Australia, will contribute their expertise to research in India in five important areas: agriculture and food sustainability; AI and cognitive science; green and renewable energies; humanities and social sciences; and law and society.

The Deakin projects are being funded through the Scheme for the Promotion of Academic and Research Collaboration (SPARC), an initiative of Ministry of Human Resource Development, Government of India. SPARC aims to improve the research ecosystem of India’s Higher Education institutions by ‘facilitating academic and research collaborations between Indian Institutions and the best institutions in the world’.

Deakin’s Deputy Vice-Chancellor Research Professor Julie Owens congratulated the project recipients and noted that Deakin’s strong outcome reflects the University’s long history in India, as well as the quality of the successful researchers. “Deakin was in the top five institutions globally to be funded through SPARC,” she said. “This is a fantastic acknowledgement for Deakin. We recently celebrated 25 years in India and we were the first international university to open an office in India in 1994.”

The scheme funds international primary investigators and PhD students/postdocs to travel to India and organise workshops and research in India, as well as funding Indian scholars to visit partner institutions overseas.

A total of 363 proposals are being funded through SPARC, with Deakin being one of the two Australian university to be awarded six projects, more than any other Australian university. One of the Deakin project leaders, Professor of Management, Alexander Newman, added that the projects will not only benefit India, but the knowledge gained will be translatable to many other countries, which face similar challenges.

Deakin SPARC projects include:

– Agricultural and Food Sustainability

  • Professor Saeid Nahavandi, Director, Institute for Intelligent Systems Research and Innovation, will work with Professor Laxmidhar Behera, Indian Institute of Technology, Kanpur: Deployment of low-cost multi-rotor mini-UAVs (Unmanned Aerial Vehicles) for early detection of crop diseases and development of an optimal system for management of farming activities.

– Artificial Intelligence and Cognitive Science

  • Dr Gang Li, School of Information Technology, will work with Dr Aswani Kumar Cherukuri, from Vellore Institute of Technology: Intelligent anomaly detection system for encrypted network traffic.

– Future of Earth: Green and Renewable Technologies

  • Professor Robin Doss, Deputy Head, School of Information Technology, will work with Dr C Srimathi at Vellore Institute of Technology: Enabling smart and safe cities through IoT technologies.
  • Dr Rangam Rajkhowa, Institute for Frontier Materials, will work with Dr G Thilagavathi at the PSG College of Technology: Recycling of textile industrial waste as value-added composite materials.

– Humanities and Social Sciences

  • Dr Alexander Newman, Associate Dean, International, Deakin Business and Law, will work with Dr Madhura Manish Bedarkar, Symbiosis International: The interplay of social, human, financial and psychological capital in shaping entrepreneurial outcomes of women entrepreneurs: an Indian perspective.

– Law and Society

  • Dr Luckmika Perera, Deakin Business School, will work with Professor Charumathi Balakrishnan from Pondicherry University: International financial reporting standards (IFRS) into the world of small and medium enterprises – A study pertaining to Australia and India (An evaluation of reporting culture, adaptability, applicability and development of IFRS Framework).
Categories: Educational News

India Anti-Money Laundering (AML) Software Market to Reach $86.7 Million by 2023

19/04/2019

According to a new market intelligence report by BIS Research, titled ‘Global Anti-Money Laundering (AML) Software Market – Analysis and Forecast, 2018-2023‘, the global anti-money laundering software market was estimated at $868.0 million in 2017 and is expected to reach $1.77 billion by 2023. It is estimated that the AML software market in India, which accounted for approximately 4.09% of the global market in 2017, will reach $86.7 million by 2023, growing at a CAGR of 15.71% during the forecast period (2018-2023).

Browse 52 market Data Tables and 104 Figures spread through 220 Pages and in-depth TOC on Global AML Software Market

The growth in the AML software market in India can be significantly attributed to the factors such as regulatory compliance requirements of financial institutions with international regulatory bodies along with increased volume of wired transactions. Money laundering has been a key concern since the early 90s and it continues to be a significant challenge for economies across the globe.

Over the past decade, significant threats of terrorism due to the act of money laundering have become a major concern for regulatory bodies (outside India) such as Financial Crimes Enforcement Network (FinCEN) and Financial Action Task Force (FATF). Money laundering is the process of showing illegally acquired money to appear as legal. The act of money laundering generally involves three steps that are placement, layering, and integration.

India, with an AML index score of 5.28, ranks 68th in the list of 129 countries provided by the Basel Institute of Governance, which is an independent non-profit competence centre working to strengthen quality of governance, counter corruption and other financial crimes. The risk score is based on 14 indicators and provide an indication of the countries that are complying with the regulations and have least number of financial frauds. The score 1 is considered as the best score and implies that the country is complying with the standards and has witnessed the least number of frauds.

BIS Research Report: https://bisresearch.com/industry-report/anti-money-laundering-software-market.html

Prevention of Money Laundering Act, 2002 came into existence in 2005, due to persistent problems with money laundering activities that the country had been facing despite India having one of the robust anti-money laundering systems. The government of India ensures that the financial institutions comply with the foreign-exchange laws, transaction reporting requirements, and KYC norms. The government has taken measures such as the demonetization in 2016 targeting the shell companies in the country to curb the money laundering activities in India. Such initiatives by the government are expected to play a major role in defining the future of money laundering in India.

In the Hawala method, a common money laundering method in India, an individual can access or transfer money from one location to another without the involvement of an authorized person. Also, the Hawala method of transferring money occurs at different foreign exchange rates, as stated by the Reserve Bank of India (RBI). The key features of this system include transferring value without moving funds. India has always been a target of several terrorist groups and these groups launder money using Hawala.

The most common methods for laundering money in the financial institutions have been opening multiple bank accounts, purchasing bank checks with cash, and routing funds through complex legal structures. India had 9,600,000 currency transaction reports registered in 2013-2014.

According to Yash Agrawal, Analyst at BIS Research, “The adoption of analytics and machine learning in AML is increasing the adoption of anti-money laundering software in crypto currency market and emerging economies. Robotic Process Automation (RPA) in AML along with KYC are the major factors which are expected to create lucrative opportunities for the market in the next five years. The market is packed with advancements in anti-money laundering systems, in order to promote digital currency activities. Additionally, cloud-based solutions are expected to witness a significant growth during the forecast period, owing to the lower cost of implementation than that in the on-premise deployment models.”

Request for a Sample: https://bisresearch.com/requestsample?id=682&type=download

The market report provides a detailed analysis of the trends influencing the market, along with a comprehensive study of the future trends and developments. It also includes a competitive analysis of the leading players in the industry, including corporate overview, financials, financial summary, and SWOT analysis. The overall market has been segmented by software type along with deployment type.

The report also includes a comprehensive section on the geographical analysis which has been segmented into four major regions, namely, North America, Europe, Asia-Pacific and Rest-of-the-World (RoW). The key companies offering AML software solutions in India include Infrasoft Technologies Ltd., 3i Infotech, and Surya Software Systems Private Limited, among others apart from global key vendors such as Oracle Corporation, NICE Actimize, and SAS Institute Inc.

Key Questions Answered in the Report

  • What was the revenue generated by the global AML software market in 2017 and what will be the estimates by 2023?
  • Which software type, such as transaction monitoring software and currency transaction reporting software are expected to dominate the AML market in the coming years?
  • Which deployment model, such as on-premise or cloud-based, is adopted in the current market and what is the future outlook?
  • What are the new strategies adopted by the existing market players to make a mark in the industry?
  • What are the major driving forces that tend to increase the demand for the global AML software market during the forecast period, 2018-2023?
  • What are the major market drivers, challenges, and opportunities in the global AML software market?
  • Which region is expected to dominate the global AML software market during the forecast period, 2018-2023?
  • What are the major factors inhibiting the growth of the AML software market?
  • What is the consumer outlook and challenges for the AML software market?
  • Who are the key market players in India and what is the market share in 2017?
  • What is the supply chain for the global AML software market?
Categories: Educational News

‘Connexus’ Launches One-of-a-kind Entrepreneurial Platform

13/03/2019

Connexus, a community that enables entrepreneurs and corporates to build strategic business connections and collaborations, officially launches a unique platform that brings together business owners, corporates and industry experts. Connexus empowers budding as well as established entrepreneurs through networking, training and consulting. The first conclave of this one-of-a-kind entrepreneurial platform saw some great names conversing passionately and sharing anecdotes on ‘Employee to Entrepreneur: A Journey of Success’.

The chapter welcomed these entrepreneurs and thought leaders from various industries. The panel of four dynamic women entrepreneurs included the likes of Anisha Motwani, Managing partner at STORM the NORM Ventures, Dr. Shalini Lal, Founder of Infinity OD, Nandini Gulati, Corporate Wellness Coach & Consultant and Meena Vaidyanathan, Founder Niiti Consulting with Vani Gupta Dandia, Co-founder and CEO of Benddit as the moderator.

Categories: Educational News

FINANCE COMMISSION MEETS DEPARTMENT OF SCHOOL EDUCATION AND LITERACY

14/02/2019

The Fifteenth Finance Commission had a meeting with the Department of School Education and Literacy, Ministry of Human Resource Development in New Delhi yesterday. The meeting was chaired by the Minister for HRD Shri Prakash  along with the Chairman of the Finance Commission Shri N.K. Singh.   Members of the Commission and Senior Officers of the Commission as well as MHRD attended the meeting.

The meeting discussed key issues of the sector requiring the Commission’s intervention including investment in School Infrastructure, Teacher’s salaries & training, Career Counselling, school students, Pre-schooling of children akin to the Sikkim model to give a boost to early learning, and other issues.

The meeting also discussed steps to attract greater to private capital and private Partnership into the school education sector as well as integrate B.Ed courses into two year integrated BA.B.ED courses, B.Com.B.ED courses in the future to streamline the availability of trained teachers.

The Commission expressed concern over parents’ preference to send children to Private English schools over the Government schools and stressed on the requirement for evaluation of schools and dissemination of the results to help parents in making informed choices.

Categories: Educational News