Recently a Memorandum of Understanding was signed between the Information Technology University and edX, the Massive Open Online Course.

According to the news the MoU signed between leading platforms stated that ITU and edX plan to open the first ever digital university in Pakistan.

The MoU also featured the integration of the ITU courses with those of edX programs thus a series of degrees will be formed for university.

The partnership means that ITU will integrate all new edX micro master programs from now.

The courses will be now available online and ITU will have the control over lectures and syllabus. Once a student completes the online course he or she will be awarded with a certificate by edX and the collaborating universities that include MIT, Harvard and Columbia etc.

Electrical engineering courses will also be included in online syllabus. The students of this course will be awarded grade and that will help them in their final degree of ITU.

The event was graced by respected personalities related to field of IT and teaching. These honorable people included the Vice Chancellor of ITU, Dr Umar Saif, and Professor at the Massachusetts Institute of Technology (MIT) and chief executive officer of edX, Dr Anant Agarwal. The both signed the MoU for Digital University Pakistan.

On the occasion the vice chancellor said,

“The collaboration with edX will allow Pakistani students to take courses from top universities in the world in their classrooms at the Information Technology University under the supervision of the ITU faculty members. This is the first of its kind partnership of edX with any university, in which online courses on edX will be integrated into classrooms.”

Moreover, he told,

“We will be integrating edX micro-masters into masters’ programs in data sciences and development economics from next year. Currently, our students of electrical engineering have been enrolled in the circuits and electronics course at the MIT through this partnership.”

Professor Anant Agarwal also took the stage to stay,

“By leveraging technology and its university partnerships, the ITU is offering its students a blended learning environment focused on improved learning outcomes by combining the best of online education with classroom instruction. We are honored to partner with the ITU and to work together to further our shared mission of increasing access to high-quality education.

We hope this Digital University Pakistan will help to increase literacy level in the country and more graduates will intend to online free education.

The post Online Education – ITU Partners with edX to become First Digital University of Pakistan appeared first on Techlist.

To launch a FinTech center in Pakistan, a Memorandum of Understanding  (MoU) had been signed between Information Technology University (ITU) and Digital Financial Services Research Group (DFSRG) University of Washington (Seattle, USA).

Dr. Umar Saif who is working as the Vice Chancellor of ITU and Dr. Richard Anderson who is serving as Head DFSRG and Professor at Department of Computer Science and Engineering, University of Washington signed the agreement.

The purpose of the research center is to help Pakistan succeed in financial technology space by providing digital financial service across the country. According to the agreement signed, a research will be conducted in areas of cyber security, authentication, fraud prevention, financial education, financial management, data analytics, and customer experience studies in digital financial services.

The FinTech also aims to promote The FinTech center will also promote the Government-to-Person (G2P) and Person-to-Government (P2G) payments digitalization in Pakistan.

Dr. Richard Anderson said,

“It was the first ever collaboration in the World with Pakistan, which will be extended to the Africans and other Asian countries. Dr. Umar Saif stated that it would facilitate the Smartphone transactions and establish transparency in the system.”

Bill and Melinda Gates foundation supports the DFSRG research group. Its purpose is to help banks and mobile operators by Digital Financial Service products and providing them with best possible solutions towards the technical problems.

The post Pakistan’s First FinTech Center to Open Soon in ITU Lahore appeared first on Techlist.