Zafin, a leading global banking technology company, has recently unveiled their inaugural Aspire & Achieve global scholarships valued at more than Rs four lakhs (USD 5,000) each for female students pursuing a STEM (science, technology, engineering and mathematics) course with the intent to encourage and develop next generation of leaders, entrepreneurs and innovators.
According to an official announcement, the Scholarship program will recognize four exceptional female students, one from each of Zafin’s operating regions: India, APAC, EMEA, and the Americas. These students must currently enrol in a bachelor’s or master’s program at an accredited university. The scholarships are designed to promote diversity and inclusivity within STEM fields.
Qualifying STEM majors include AI, automation, biometry/biometrics, computer engineering, computer forensics science, computer programming, computer science, computer systems, cyber security, chemical engineering, data analytics, electrical engineering, electronics engineering, geospatial science, industrial engineering, information science, IT, information resource management, quantum computing, mathematics, machine learning, mechanical engineering, network engineering, network security, operations research, physics, robotics engineering, robotics technology, statistics, strategic intelligence and telecommunications engineering.
Commenting on the latest development, Managing Director, Zafin (India), Suja Chandy said:
We firmly believe that diversity catalyzes innovation and are committed to addressing the gender gap within the technology sector. The internship is designed to help young talent get hands-on experience and exposure to a rapidly transforming industry like banking technology.
Eligible students can apply for this scholarship until November 30, 2023, through the Aspire & Achieve platform on the Zafin website. Winners will be announced by late January 2024.
The company claims to be dedicated to nurturing a skilled, diverse, inclusive engineering and tech workforce. Globally, girls pursuing STEM courses in higher education represent only 18%, while boys account for 35%, resulting in a noticeable shortage of female talent in the technology workforce. Although the statistics are more favourable in India, with women constituting 43% of engineering graduates, nearly 50% of them exit the workforce by mid-thirties, the release stated.
Zafin was founded in 2002 with the aim of transforming the future of finance by empowering financial institutions to break free from conventional boundaries and fully realize their potential through its revolutionary product and pricing cloud platform. It provides a SaaS product and pricing platform that streamlines core modernization for the world’s largest banks. The startup enables business users to design and manage pricing, products, and packages collaboratively while technologists streamline core banking systems. With Zafin, banks accelerate time to market for new products and offer while lowering the cost of change and achieving tangible business and risk outcomes. The firm improves corporate agility by allowing for personalized pricing and dynamic reactions to changing consumer and market needs.