The Mangaluru-based Sahyadri College of Engineering and Management and the Bengaluru-based Finsight (Financial Insight Venture Pvt Ltd) have signed a memorandum of understanding (MoU) to set up a ‘Fintech Centre of Excellence’ at the college.

This MoU strives to provide academic, research, internship and placement opportunities to faculty and students of Sahyadri College of Engineering and Management. A statement by the college said the goal of this memorandum is to encourage youth creativity and progress while also helping students enhance their talents. The MoU aims to develop a talent pool in the region outside of Bengaluru.

Planning ahead

Sharing his views on the MoU, Manjunath Bhandary, Chairman of Sahyadri College of Engineering and Management, said professors are the link between the company and students, and it is their first job to reach out to students and teach them about the start-ups.

He said the offline mode may become permanently online in the future, so the future may be unpredictable. “We must prepare well in advance by taking advantage of opportunities provided by the institute,” he said. Introducing the Finsight team, Uday Birje, co-founder and Director of ThinkStreet Technologies, said the team comprises members from industries with varied experience. He said the MoU is Karnataka's first fintech-institute collaboration.

Manjunath Bhandary and Ajit Aranha, co-founder of Finsight, signed the MoU for Sahyadri College of Engineering and Management and Finsight Ventures, respectively. The co-founders of Finsight Ventures, Ajit Aranha, Deepak Naragund and Roshan Mundhra, highlighted the opportunities in store for the students and faculty members of Sahyadri.