New Delhi: TVS Credit Services Ltd signed a memorandum of understanding (MoU) with the Indian Institute of Technology, Madras to carry out joint research activities on Thursday. TVS Credit Services Ltd is part of the $8.5 billion TVS Group.
The collaboration is aimed at providing technology solutions in the space of financial technology and data science.
Both IIT-Madras and the TVS Credit Services Ltd would explore opportunities to carry out joint research projects and formulate academic activities under the alliance. “This effort would create a seamless ecosystem between industry and academia for leveraging analytics and technology,” the company said via a statement.
The partnership is significant as one of the fastest-growing non-banking finance companies in the country, TVS Credit is joining hands with a symbol of excellence in academia, IIT-M to promote innovation programmes, offer training, research to young professionals.
“The collaboration would bring together academic stalwarts and professionals who would jointly design, develop and deliver cutting edge technology projects, research and embark on consultation in the areas of management and financial inclusion,” the statement said.
“The future of technology in financial services is an exciting space to participate in, with an institute like IIT-Madras. Also, the importance of skilling and upskilling is more acute than ever before,” TVS Credit, CEO, Venkatraman G was quoted as saying by news agency PTI.
Dean (IC&SR), IIT-Madras, professor Ravindra Gettu said this collaboration can have a lasting effect. “We are happy to join hands with a leading market player like TVS Credit. Partnerships such as these help in creating practical and innovative solutions that can have a lasting impact. We look forward to working together and achieving mutually beneficial outcomes,” Professor Gettu said.
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