Leading talent and skill development institute NIIT and a prominent professional services firm KPMG have signed an exclusive partnership to launch KPMG NIIT Finance Academy in India under the objective to develop skills and talent for finance of the future.
The academy will offer futuristic in finance to the graduates who could be fresh in the field or experienced professionals. The academy will answer the gap that has been created due to changing business models, altered regulations, and coming up with new-age technologies such as AI and digitisation.
Above mentioned changes have created a gap amongst the professionals in the finance sector, which has resulted in the disruption of the transformation of the functions of the finance sector smoothly. Several studies have confirmed the gap that is present across the business today in India, and finance sector is no exception.
Partner and Head of CFO Advisory at KPMG, Sai Venkateshwaran, said, “The finance workforce of the future will need well rounded finance technical skills combined with data utilisation and technology skills and broader behavioural skills. We believe that this finance academy will help address a critical component on talent and skills that forms part of the finance transformation journeys of all large organisations in India.”
Moreover, a recent survey by KPMG International recently stated that 78 per cent of the total people surveyed believe automation will significantly impact the workforce as it will save the time of the professionals from manual processes.
The survey titled -‘Future Ready Finance Survey 2019 – Learn what high-performing organisations are doing differently’, one of the top 5 goals and initiatives is to ‘Invest in and enhance finance talent and skills’.
The survey also added that future finance professionals would require process management and exceptional management skills to operate digital processes. Digital finance experts and data scientists would be requiring these necessary upskilling to analyse the data better to give crucial insight to the businesses.