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SaaS-based GRC firm FixNix starts initiative to train students

Sets up Fixnix University, similar to Zoho's tech school intiative Zoho University

No tax when MF plans merge

Gireesh Babu Chennai
FixNix, a Software as a service (SaaS) GRC (Governance, Risk & Compliance) company launched FixNix University, a non-academic initiative to create talent pool to build security products by enabling the differently privileged cross sections of society. The company has recently announced their movement into a 55- seater office in Chennai post their pre-series A of $500,000.

The primary focus of the initiative is to offer security and product building focused curriculum to the students from smaller towns and villages. As a part of this, the initiative will start with five students to begin by September. It has already piloted the curriculum since January to train fresh graduates into product developers, security engineer and business analyst.

The concept is inspired from the Zoho's tech school initaitive Zoho University, said FixNix Executive Chairman P A Subrahmanyam, a consulting professor at Stanford University.

Following the pre-series A round of funding, FixNix has added senior management professionals like Ram Arunachalam, former CTO of Datatracks, a world class compliance product company as Director-Product Management, Gulshan Iyer, founder Gullus Kitchen as Chief evangelist, Muthu P, founder of a Drone Startup as Head of Enterprise Sales, among others.

The company is working in the Indian Banking, Financial Services and Insurance (BFSI) market to offer new banking GRC, Analytics products and RBI hosted compliance product. The company is also partnering with Institute for Development & Research in Banking Technology (IDRBT) and Indian Financial Technology & Allied Services (IFTAS) to help the cooperative and rural banks with RBI regulations, policies, security with its small and medium business GRC solutions.

It is working with global banks like UBS, Societe Generale and regulators such as the regulatory authority of Government of Singapore to enable the global banking segment with futuristic products in Risk Analytics to predict future risk, Risk chat bot for enabling smoother workflows.

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First Published: Aug 20 2016 | 11:22 AM IST

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