Tata Asset Management and ITM Trust have come together to encourage alternate finance.
The Center for Alternative Finance was inaugurated at ITM B – School, Kharghar campus on September 18.
It is the first centre of excellence in the country to focus on education, research and development, training, consulting and participative role in designing new products in the field of alternative finance.
It will promote inclusive growth through the tools of alternative finance which includes financial channels and instruments that emerge outside the traditional financial system.
Said Hormuz Bulsara, chief operating officer, Tata Asset Management, at the inaugural ceremony: “Robo advisory and quant funding which takes the front seat in the financial world are in the field of alternative finance. Alternative Finance will prove path-breaking ideologies / concept with immense scope in society.”