May 19, 2020

The Institution of Engineering and Technology launches its first Engineering Open House Day

Technology
IET
Engineering
Institution
John O'Hanlon
3 min
The Institution of Engineering and Technology launches its first Engineering Open House Day

This month, engineers are calling on young people and their parents to visit the exciting venues taking part in the Institution of Engineering and Technology’s (IET) inaugural Engineering Open House Day.

The events will be taking place at a number of prestigious venues and businesses across the UK, week commencing the 27 July. It will form part of the IET’s Engineer a Better World campaign which aims to showcase the exciting engineering career opportunities in the industry that are open to young people.

The IET is working with a number of high profile venues where engineers play a central role in the running of their organisations, including: ITN Studios, the Royal Opera House in London (pictured), Soho House (Part of Birmingham Science Museum) in Birmingham, the Everyman Theatre in Liverpool and the Building Research Establishment (BRE) in Hertfordshire.

With demand for engineers far exceeding supply, and with women accounting for only 6 percent of engineering in the UK today, the IET is hoping to inspire a new generation of engineers, including girls, through the Engineering Open House events.

Recent research from the IET* highlighted that more than two thirds (71 percent) of children say they would be interested in an engineering career when shown inspirational information about the creativity and breadth of opportunities within the industry. These aspects of engineering will be key features of Engineering Open House Day.  

All of the organisations involved will give young people and their parents the chance to explore the variety of stimulating and creative careers in modern engineering by putting on tours, workshops and talks from inspirational engineers. Additionally, guests will have the chance to ask engineers about their career experiences, what they actually do and why the industry appealed to them.

William Webb, IET President, said: “As recent research for the launch of the IET Engineer a Better World campaign shows, parents do not know enough about engineering and the many exciting career opportunities it holds for their children. That’s why we’ve launched our inaugural Engineering Open House Day as an exciting way of educating children and their parents about the vast range of opportunities engineering has to offer.

“It’s amazing to see such a diverse mix of engineering talent coming together to support the initiative. Children and their parents will get the chance to find out what life is like as an engineer, discover how things work and explore the abundance of exciting jobs within the industry. We hope that these initiatives will make a real contribution to inspiring a new generation of engineers.”

Helen Pineo, Associate Director – Cities at BRE, one of the organisations taking part in the Engineering Open House Day said: “We’re very pleased to be a part of the IET’s Engineering Open House Day. It will be a great opportunity to showcase our passion for engineering by highlighting the wide variety of opportunities the sector can hold. It’s an honour to collaborate with the IET for the events’ inaugural year. Engineering Open House Day is a truly great initiative which we hope will encourage a diverse mix of children to consider a career in the industry.”

To find out more about the events on offer and how to register for a place at the IET’s Engineering Open House Day, please visit: http://www.engineer-a-better-world.org/engineering-open-house-day.

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May 11, 2021

Mambu and the UAE’s digital banking journey

Banque Saudi Fransi
Mambu
Joanna England
3 min
Mambu and the UAE’s digital banking journey
Miljan Stamenkovic, Mambu’s General Manager for MENA, talks technology and digital transformation...

Miljan Stamenkovic enjoys the dynamic and constantly evolving world of fintech banking. In his current role as General Manager for MENA for Mambu, Stamenkovic sees opportunity in abundance. 

“When I joined Mambu with my team in 2019, we came with the fintech, entrepreneurial mindset and DNA to build and grow Mambu’s business in the MENA (Middle East and North Africa) region. Before 2019, the region used to remind me of a desert, at least in terms of cloud service providers and cloud adoption. But this past year has been a wave of progress.” In November 2020, Mambu opened a new office in Abu Dhabi Global Market, as the region has quickly become a key market for Mambu.

He explains, “There are data protection laws. There are cybersecurity regulations and most importantly, a variety of major tier one cloud service providers that are available. But what particularly excites me here at Mambu is the opportunity to rethink business models together with our clients and really bring them to life. This is where I saw a great fit with Mambu and its composable philosophy.”

Creating a neobank and challenger bank ecosystem has been his ultimate goal. “In my opinion, this actually creates a unique opportunity to partner with some of the best fintechs in the region and build the region’s first and true challenger and neobanks.”

Stamenkovic credits Mambu’s partnership with Banque Saudi Fransi (BSF) for the success that has driven the bank forward in the region. “When I think about all the challenger and neobanks that have grown massively over the past decade,there is one common denominator for all these new initiatives. I would say they really operate like a tech company rather than a bank. - BSF is leading this approach in Saudi Arabia.”

He continues, “This brings a competitive advantage for tech companies. These platforms are each managed individually but can be swapped in and out. And when put together, they actually form the backbone of a company's technology capability. This is why tech companies and banks like BSF actually can get products to the market a hundred times faster than their more incumbent peers.”

The implementation, he stresses, is an evolving process, where each component is trialled and checked and swapped in and out according to its effectiveness. But it’s down to the dynamism of the team on the project to initiate these changes. “As critical as technology is to digital transformation, the DNA of people working on these initiatives is the key to success. At BSF they have a true startup and entrepreneurial mentality.”

He explains that Mambu is helping BSF deliver an entire new banking experience while providing soft core banking services hosted, in this case in Saudi Arabia. “Mambu sits at the heart of BSF's new challenger bank and its technology stack. So, this actually enables BSF to take an entirely cloud native approach, having Mambu at the centre of its ‘Digital Engine’.”

Stamenkovic points out, “Mambu enables banking like a modern tech company. Banks used to be built to last, but today they need to be built to change. And that's what we're enabling here.” 

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