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edX partners with IFIN to launch online learning academy

17 / 07 / 2017 (Monday) || 03:24 AM
According to an official release on July 14, edX, the leading not-for-profit online learning destination founded by Harvard and MIT, recently partnered with IL&FS Financial Services (IFIN) to launch online learning portal of IFIN  Academy using edX courses. Through the partnership, IFIN has created a customised catalogue of edX courses and created a function specific, online learning path for their employees. Through this portal, IFIN employees will have access to edX courses and programmes that provide high-quality skilling to help employees advance their skill set, or follow a path to an accelerated in house programme and development.

These courses are now accessible through edX Catalog API in a co-branded environment on the IFIN Academy Online Portal. To deploy this offering, IFIN is working with Work Better India – edX Channel Partner in India who provides learning and technology support for this integration.

An edX survey of online learners revealed a growing demand for a series of rich and rigorous courses, influenced by the demands of the job market. Learners want flexible, affordable, real-time knowledge and skills that enable and prepare them for a specific job or career that is currently the most sought after, such as Supply Chain Management – a field experiencing a worldwide talent shortage.

To address this need, edX launched the MicroMasters initiative, an educational innovation offering a new category of Master’s-level online education to bridge the knowledge gap between higher education and the workplace. MicroMasters programmes offer in-demand knowledge and a cost-effective, flexible pathway to an accelerated on-campus programme or to career advancement. Subjects offered range from artificial intelligence (from ColumbiaX) to cybersecurity (from RITx), business management (from IIMBx) and supply chain management (from MITx),  MicroMasters courses are created by esteemed edX university partners, valued by top companies and linked to specific career outcomes.

In another step toward increase access to education that today’s global, connected learner demands, edX also launched Professional Certificate programmes, which are a series of in-demand courses designed to build or advance critical skills for a specific career. Created by industry leaders and top universities, professional certificate programmes help develop the skills and actionable knowledge needed for today’s top jobs through a flexible and affordable online learning experience.

Comments Amit Goyal, country head - edX India, “India has been the second largest market for edX, after the US, representing 1.2 Million learners from our 12 Million learner population worldwide. While our B2C learner base is growing exponentially every year in India, we are also expanding our B2B footprint with edX for business services. We work closely with corporates of all sizes to meet their upskilling and reskilling requirements in the most effective and robust manner. We're proud to have IL&FS Financial Services as our first enterprise customer in the BFSI domain in India. We look forward to strengthening this partnership further and train workforces to be future ready.” “These courses and programmes provide the next level of innovation in learning by addressing the skills gap present in our industry to create a skillful, successful 21st-century workforce,” he added.

“At IFIN, people are at the centre of all activities. In keeping with trends today, digitisation of learning is the imperative action. I am very pleased that IFIN Academy has partnered with edX as a choice of excellence in the field of digitised learning. With this partnership, IFIN will be able to bring the best of global learning to its multinational employee base,” said Ramesh C Bawa, MD & CEO, IL&FS Financial Services.

As a response to the growing acceptance of MOOCs among Indian corporates, in the last year, edX has made significant corporate and strategic advancements in India, which makes up 11 percent of edX’s global learner base. Chief among them include the launch of edX for Business site in December of 2016. EdX for Business provides Corporate L&D solutions for the evolving workforce, offering access to thousands of in-demand courses from the world’s best universities and leading institutions by creating a flexible and convenient way to empower employees to gain deep knowledge in highly relevant fields such as IT, business management, data analytics and more. With edX for Business, companies can develop the workforce they need through customised solutions that allow them to train, engage and benefit employees in a cost-effective, flexible and scalable manner.



A wholly owned subsidiary of Infrastructure Leasing and Financial Services Limited (IL&FS), IL&FS Financial Service Limited (IFIN) is India's leading Non-Banking Finance Company providing a wide range of financial and advisory solutions under one umbrella.