Technisys hosts MIT Innovation program on digital banking in the US

In The News : January 29, 2019

MIT MBA candidates with Technisys CEO and co-founder Miguel Santos

MBAs from one of world’s top ranked business schools to work on-site in Buenos Aires

Cambridge, Mass., Jan. 29, 2019—Based on their business models, growth potential, and successes to date, three Argentinian companies—Onapsis, Technysis and VU Security—have been selected to host Global Entrepreneurship Laboratory (G-Lab) projects in collaboration with MIT Sloan School of Management, founder of the international program.

Teams of MBA students from MIT Sloan—one of the world’s top-ranked business schools—will be working on-site at these companies throughout January to provide them with high-impact insight and analysis.

Since 2000, MIT Sloan’s G-Lab teams have worked on business problems with more than 375 host companies around the globe located in emerging markets in critical areas such as strategic growth, new market entry, pricing, marketing, benchmarking, fundraising, and financial strategy. In the process, the MBA students gain real-world experience in creating, developing and running young enterprises with diverse economic infrastructures as well as thinking about the role of politics, culture, and other non-economic variables.

This year, more than 30 projects are taking place across South America, Asia and Africa.

“We have worked with entrepreneurs across Latin America for nearly twenty years,” says MIT Sloan Prof. Simon Johnson, former chief economist of the International Monetary Fund and G-Lab co-founder. “These men and women are remarkably resilient – and offer great prospects for the future.  It is a privilege – and an education – for our students to find ways to be helpful.  Everyone returns to the United States impressed with the energy and intensity of the CEOs in these companies.”

This year’s projects in Buenos Aires, Argentina are:

Onapsis
Onapsis offers world-leading cybersecurity solutions that automate the monitoring and protection of the SAP and Oracle ERP systems. Headquartered in Boston, MA with its research and innovation teams in Buenos Aires, Onapsis primarily targets Fortune 2000 companies around the world. The company has asked its G-Lab team to help them better understand the market dynamics related to SOX/ITGC and how companies strive to automate and verify compliance in the context of cybersecurity.

Technysis
Technisys Technisys is the digital banking technology company. Its leading edge digital banking platform and digital core solutions transform traditional banks to digital, while jumpstarting challenger, neo banks and fintech companies. Technisys helps financial institutions differentiate through enhanced customer experiences, create platforms for innovation, increase sales, and engage with fintech ecosystems through Open APIs. The MIT Sloan team is working with Technisys to investigate trends for US banks and fintechs in order to boost its expansion plan to the US in 2019.

VU Security
VU is a company that focuses on fraud prevention and identity protection. It provides robust citizen identity verification through the combination of traditional cybersecurity controls with geolocation, machine learning, ID recognition and user behavior analysis, which results in modular solutions of fraud prevention, including voice recognition, facial recognition and multiple options of authentication. Over 80 clients of 18 countries in Latin America, including governments, banks and retail companies, integrate VU technology to their existing platforms to protect sensitive information. It is the only company in the region aligned with good practices in terms of international authentication, as part of the Cisco AEGIS group, Tech Accord, Endeavor, FIDO Alliance Member, and Open Connectivity Foundation (OCF).

The MIT Sloan students’ off-site work on these G-Lab projects began in September 2018 and will culminate in February 2019 with a final, in-depth analysis. The teams’ final deliverables will include a formal presentation and concrete “leave behinds” that deliver high-impact tools, which host companies can put to use immediately.

G-Lab is one of 15 pioneering Action Learning labs available to students at MIT Sloan. While project activities vary, they are united by common themes, including experiential, reflective, and peer learning; faculty mentoring; real-world problem solving; knowledge transfer; and, perhaps unique to MIT Sloan, a student team engagement intended to have a measurable business and/or social impact. These real-time management challenges bring theory to life.

The MIT Sloan School of Management, based in Cambridge, Massachusetts, USA, is one of the world’s leading academic sources of innovation in management theory and practice. With students from more than 60 countries, it develops effective, innovative, and principled leaders who advance the global economy. To learn more, please visit: http://mitsloan.mit.edu