Credit Suisse signs MOU with Vishwakarma Institute of Technology, Pune, to develop future banking technology talent

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Pune: Credit Suisse Pune has signed a Memorandum of Understanding (MOU) with Vishwakarma Institute of Technology, Pune (VIT), to develop future banking technology talent in line with its strategy to establish India as a leading center for technology innovation for the bank globally.

The MOU will enable Credit Suisse and VIT to jointly develop and deliver an elective, accredited course entitled “Financial Technology”, comprised of theory and practical application, with the goal of developing tomorrow’s young business and technology leaders so that they are well-prepared to succeed in a career in the banking IT industry.

Senior Credit Suisse India IT executives will teach the full-term course on the VIT campus, sharing insights and covering topics such as Introduction to Banking; Finance and Banking Regulations; Macro Economics; and Basics of Financial Accounting, Corporate Finance, Equity, Fixed Income and Derivatives. Technology-specific content such as Agile methodology and Test Driven Development will also be included.

This is the bank’s third such academic collaboration in India, following similar partnerships established with the Birla Institute of Technology & Science, Pilani and the College of Engineering, Pune in 2017 and 2018 respectively.

John Burns, Head of IT India and Senior Franchise Officer, Pune at Credit Suisse, said, “Through our collaborations with leading Indian universities such as VIT, we are able to bring industry-relevant knowledge to students and help cultivate a future pool of talent that is able to develop innovative technology solutions to address real-life, complex business challenges. As we work towards establishing India as a leading center of technology innovation for Credit Suisse globally, we continue to invest in building a culture of innovation and promoting excellence that helps us deliver high value client solutions with greater efficiency.”

Dr. Rajesh Jalnekar, Director VIT, noted, “Vishwakarma Institute of Technology (VIT) believes in creating close ties with the industry. Our MOU with Credit Suisse Pune will create a nucleus for promoting excellent quality talent in the fields of banking and financial technology. Credit Suisse’s expertise will help enrich the students’ skills by conducting courses, facilitating projects and offering internships where students have the opportunity to work on cutting edge banking processes, tools and techniques. The concept of project-based learning that students are exposed to right from their first year at VIT gives them valuable hands-on experience in various banking technologies. Our collaboration with Credit Suisse will bring a paradigm shift in the way knowledge alliances are created in public-private partnerships.”

Earlier this year, Credit Suisse announced its expansion to a state-of-the-art, Smart Working facility in Pune’s 44-acre EON Free Zone campus, highlighting its continued commitment to India. Credit Suisse Pune also recently initiated a joint program with NASSCOM to support the growth of the fintech startup community in India through the launch of its three-stage SET (Socialize. Engage. Transform.) framework, with the objective of accelerating the adoption of the latest technologies and solutions within the bank while also nurturing young IT entrepreneurs in India.