NSE launches NSE Knowledge Hub for BFSI Industry
NSE Academy Limited (NAL), a wholly owned subsidiary of the National Stock Exchange of India Ltd (NSE) launched The NSE Knowledge Hub, a unique Artificial Intelligence (AI) powered learning eco-system to assist the BFSI sector in enhancing skills for their employees and helping academic institutions in preparing future ready talent skilled for the financial services industry.
Shri Piyush Goyal, Hon’ble Minister of Commerce and Industries; Minister of Railways today inaugurated NSE Knowledge Hub in the presence of Shri Vikram Limaye, MD & CEO, NSE and other dignitaries.
NSE Knowledge Hub will bring world class content closer to learners in a personalized and community learning environment which allows aggregation, curation, creation and targeting of content making it both learner centric and learner driven. The learning platform is powered by content aggregated from many internal, external, and premium sources, and enhanced by collaborative knowledge sharing from users.
The NSE Knowledge Hub shall identify and designate Subject Matter Experts (SMEs), Curators and Trainers who will do the last mile curation of machine curated content thus allowing knowledge to be easily captured and shared among the community using an industry first video live streaming capability & ability to create individualised learning pathways. The NSE Knowledge Hub will provide a scientifically structured learner journey to suit every requirement across all verticals.
In its pilot phase NSE Knowledge Hub has garnered very encouraging response and interest from industry leaders, especially Learning & Development experts and the faculty in educational institutions as this unique learning eco-system enhances the levels of performance for organizations that produces dramatic business and economic impact and value. NAL targets to have 100 plus leading education institutions and BFSI organisations as part of the community during the initial period.
Speaking on the occasion, Shri Piyush Goyal, Hon’ble Minister of Commerce and Industries; Minister of Railways said, ‘’Today’s initiative is a great outcome and I can foresee it resetting knowledge standard particularly in the Banking and Financial Service industry. India is contributing hugely to a better world not only for the people but also for the globe. NSE Knowledge Hub will connect the digital India and Financial sector and that is a great move forward. This uniqueness offered by NSE Knowledge Hub and its integration with Artificial Intelligence is something that will cater to anyone irrespective of the field they are in. This is a brilliant initiative and I compliment NSE in making this a reality in a very short period of time.’’
Shri Vikram Limaye, MD & CEO, NSE said,” NSE has democratized the access to capital markets and is focused on the financial wellbeing of the nation. In our constant endeavour to promote financial learning as a necessary life skill, NAL has embarked on an ambitious journey in the digital learning space and we are confident that this initiative will make us the Knowledge Exchange of India and we will be the first choice of millions of students and professionals in their financial learning journey.”
NSE Knowledge Hub will provide a unique learning eco-system where organisations can define the learning strategy and business planning for their employees, track and measure the impact of learning. A Learning Experience Platform (LXP), an in-built application on the platform, functions as a curation and content aggregation layer between an organization’s internal digital learning assets, the vast amount of external content available on the Internet, and user generated content. Enterprises can upskill workforce and enhance employee performance through collaborative innovation. University/College learners can learn current skills and be future-ready thru content/certifications that complement their academic curriculum. NSE Knowledge Hub is powered by ‘Edcast’.
National Stock Exchange has been at the forefront of imparting Financial Education in the country and its association with schools, colleges and organizations has resulted in more than 2 million certified professionals in capital markets and over 3.2 million students learning basics of personal finance and investment. NAL supports the School Financial Literacy mission in the states of Tamil Nadu, Goa, Himachal Pradesh, Nagaland, Gujarat and Punjab in addition to its collaboration with Central Board of Secondary Education (CBSE) where its Financial Markets Management Program prepares and educates Secondary and Higher Secondary students on finance and related topics. NAL is the founding member of the BFSI Sector Skills Council of India and also works closely with Indian and global academic and industry accreditation bodies like Institute of Company Secretaries, India (ICSI), Maharashtra Knowledge Corporation Ltd (MKCL), Duke Corporate Education, USA, Deakin University Australia, Financial Planning Standards Board Ltd., USA (FPSB Ltd.), Association of Certified Chartered Accountants, UK (ACCA) and Institute of Mergers, Acquisitions and Alliances, Switzerland (IMAA).