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Swiss IT services provider ramping up headcount in India

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Bengaluru: Leading Swiss IT services provider Temenos AG is ramping up headcount in India to expand its development centres in Chennai and Bengaluru, a senior company official said on Wednesday.

“We will hire 700 more techies over the next three years to take our headcount to 2,500 from 1,800 presently, making our India operations largest worldwide,” Temenos regional director S.P. Jayanthan told reporters here.

The Geneva-based software product major serves banks and financial institutions worldwide to transform their business and stay ahead of a changing marketplace. About 2,000 firms in the BFSI (banking, financial services and insurance) vertical, including 38 of the top 50 banks depend on Temenos to process daily transactions of over 500 million customers.

The fresh hiring will be across verticals to induct banking product specialists, architects and engineers as our development centres spearhead product innovation, including designing and supporting our banking plaltform T24, used by banks in 150 countries the world over.

By acquiring Multifonds in March for $262 million, the company added 400 techies with related domain expertise to service leading financial firms in India with its fund accounting and transfer agency software. With the acquisition of Financial Objects in 2008, the Chennai-based Indian subsidiary had set up its Bengaluru facility for product development work and providing core banking systems to financial institutions.

“As we believe our Bengaluru operations will grow faster, our staff strength will triple to 2,100 from 700 currently by 2018,” Jayanthan pointed out.

Observing that India was a key region for its growth strategy, company’s Chief Executive David Arnott said in a statement that world class talent, emerging infrastructure and global market requirements made the country a favourable market for growth and expansion.

“Our cumulative investment of $300 million since 1996 and long-term vision to further expand the Chennai and Bengaluru development centres testify our commitment to India operations,” Temenos Client Director Mike Davis said on the occasion.

Admitting that its competitors were BFSI product of Infosys, Oracle and TCS, Arnott said India was at the centre stage of its product development strategy.

“The functionality covered by our financial product (T24) is the largest in banking software, spanning universal, retail, corporate, Islamic, wealth and microfinance,” Arnott added. (IANS)

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Nearly 500 Blind Teachers in Kerala to be trained in various facets of Information and Communication Technology

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Hi-Tech School programme in Kerala, Wikimedia.

Kerala, May 29, 2017: Close to 500 blind teachers in Kerala would be trained in the various facets of Information and Communication Technology, to help them to handle their subjects effectively using technology, in a month’s time said a official of the state’s IT@School Project.

This will be done under the project as part of implementing the Hi-Tech School programme in the state, said project chief K. Anvar Sadath.

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By now more than a lakh teachers in the state-run schools have been trained under it.

Earlier in 2011, IT@School had imparted basic IT training for all blind teachers in the state, and received special appreciation from Union Human Resource Development Ministry.

With the completion of the current training, Kerala would become the first state in the country to have trained all visually challenged teachers in ICT, which focuses on the possibilities of ICT in education, rather than a mere training on computers.

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“The training for the regular teachers emphasise on specific subject wise content, developed entirely on free and open source software platform. The accessibility gaps of the software used for such training are assessed and then new customised packages are being incorporated, for the benefit of the visually challenged teachers,” said Sadath.

The specific training includes activities such as preparation of documents and presentations which would assist in classroom teaching of every teacher, language computing, digital content collection from internet and their legal aspects, audio recording and video editing. The educational applications which are used for the regular training are customised for the benefit of the visually challenged teachers.

“The joy goes up to its peak now as we are learning to apply it in our class rooms. It’s like we are getting our eyes back,” said thrilled learner Sebastian, who is almost fully blind and works as a teacher in a state-run school in Ernakulam district. (IANS)

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Infosys employee missing in Brussels attack

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Policemen stand guard near a security perimeter set in the Rue de la Loi near the Maalbeek subway station, in Brussels on March 22, 2016.

Brussels: Indian national who went missing in Belgium’s attack in capital Brussels on Tuesday is an employee of Infosys, IT company.

Raghuvendran Ganesh has been missing since the attack hails from Bengaluru and is an employee of Infosys, the external affairs ministry confirmed.

“We are doing our best to locate Raghavendran Ganesh,” External Affairs Minister Sushma Swaraj tweeted.

She also said that two other Indians, both employees of Jet Airways, who were injured were “recovering well”.

At least 34 people were killed on Tuesday. Two deadly explosions rocked the Zaventem airport and a more powerful blast ripped through a train coach at a Metro station in the heart of Brussels. It is the worst terror attack in Europe in four months. (IANS) (Image Source: fortunedotcom.files.wordpress.com)

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India no longer the back office of the world: Taraka Rama Rao

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Bengaluru: Young India is no longer content with being called the back office of the world, said Telangana IT Minister K. Taraka Rama Rao on Thursday.

“Today, the situation is changing. Indian youngsters and young India is not content in being known as the back office of the world… there is a lot of entrepreneurial zeal, there is a lot of enthusiasm among young Indians to do better and to actually compete with the rest of the world,” said Rao at the CeBIT India 2015 inaugural ceremony.

Calling his new state the “startup state”, he said: “We take a lot of pride in calling ourselves the startup state. We are the youngest state in India. We operate with the mindset of a startup.”

To make Hyderabad as the startup capital of India, he said the Telangana government launched two ambitious programs – the THUB and Telangana Academy of Skill and Knowledge (TASK).

“THUB is essentially a collaboration of academic institutions and various business enterprises within Hyderabad to set up the largest incubator in the entire country for startups in India,” he said.

“We setup TASK, a collaborative effort of industry and academia to ensure that the market requirements are in alignment with what is being taught in the academia,” said Rao, adding industry frequently complains of graduates not being industry ready.

Another major Telangana infrastructure project highlighted by Rao is the ambitious 1.5 lakh kilometer water pipeline all over the state, and this has the piggybacking of a broadband fiber-optic across its length to connect 8.5 million households with internet connectivity.

“Telangana will emerge as the most connected state in India after the completion of this project,” added Rao.

(IANS)

(Photo: nocorruption.in)