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Day: July 4, 2019

Want To Learn New Age Banking? What Are The Prerequisites For It?

Posted on by Imarticus Learning

With the banking industry constantly evolving to keep up with new technology, there is a surge in jobs in entirely new categories. New age banking is no longer a dream but a reality that all banks are transitioning towards and the career opportunities created are diverse and exciting.
What Is New Age Banking?
New age banking is the integration of digital technologies into banking services in order to reduce the hassle associated with traditional banking. This means no more long lines to basic bank work like deposits, transfers, and more. Today, you can easily open a new bank account, get a credit card, generate new PIN numbers, and more, all in the comfort of your home.
In India, new age banking is still in its infancy and there is a lot more scope for expansion of its capabilities. In many systems around the world, banking is now under one large umbrella where you can jump from one system to another seamlessly.
With new age banking, comes a whole new host of challenges and possibilities. People working in this sector have to have a range of qualifications and strengths in different aspects.
How To Get Into New Age Banking?
New age banking requires a complex and diverse set of skills with an in-depth knowledge of various banking concepts. While you can go about acquiring the required skills and expertise on your own, it is far more advisable to take the many New Age banking Courses available. These courses will cover a range of topics. A good course should also help you with placements at reputable financial institutions. Here is a list of concepts you will be required to master in order to get a job in new age banking.

  1. Macroeconomics: It is imperative to understand macroeconomics and the various implications of the same. You will have to understand the financial sector, economic system, and learn how to analyze economies, industries, and companies.
  2. Finance: You will have to have a theoretical and practical understanding of financial products, the different asset classes, wealth management, and market microstructure.
  3. Financial Analysis: Here, you must have an understanding of financial statements, ratios and their analysis, credit analysis, and credit management in banks and NBFCs.
  4. Fintech: This is a diverse field where you will have to be familiar with several concepts and how to work with them.
  5. You will be expected to have an understanding of using fintech for managing capital.
  6. An in-depth understanding of blockchain and cryptocurrencies is also essential.
  7. You will need to understand how machine learning and robotic process automation (RPA) can help you with financial analysis.
  8. Retail Banking: You will require an understanding of several concepts and have Retail Banking Skills such as deposit products and operations, retail lending, mobile banking, internet banking, branchless banking, and POS terminals.
  9. Corporate Banking: A close understanding of debt products, liability products, working capital, trade finance, and its products, forex sales and operations, treasury products, international products, and fintech in corporate banking.
  10. NBFC: You will need to understand Non-Banking Financial Companies, their products, classifications and funding, sourcing channels, credit underwriting, collection, and digital innovations in NBFCs.
  11. Risk Management: Here you will have to be familiar with the types of banking risks, liquidity risks, market risks, credit risks, and operational risks.
  12. Regulatory Framework: It is essential that you have a good hold on the different regulations in place which includes client onboarding, anti-money laundering, regulatory frameworks and compliance, and regtech.

Apart from having technical skills of the various concepts involved in new age banking, you will also require to have several soft skills in order to secure a job in new age banking. Some of these include:

  • Good communications skills
  • Business writing skills
  • Global business etiquette
  • Customer-centric sales understanding
  • Strategic selling
  • Negotiation skills
  • Proficiency in Excel
  • Good resume writing abilities
  • Interview skills

As you can see, New Age Banking is a complex and diverse field where you will require a strong understanding of several concepts. Financial institutes looking to hire for new age banking expect their employees to continue their knowledge of the field even after learning the basics. A strong people-centric approach is necessary for a job in new age banking.

How is Fintech Changing Business Models Across the World?

Posted on by Imarticus Learning

How is Fintech Changing Business Models Across the World?

Meet the darling of the 20th century. Fintech! Using technology innovatively in the financial sector to increase efficiency embodies the definition of the two worlds of technology and finance married forever by Blockchain technology!
Apparently, the term has been around for long. However, since 2015 it has emerged the thrust area affecting banking and any industry which is financial transaction based. Most early startups in the sector will be mature by 2020 and the trend is worth watching out for. We are going to view how the business models have changed and in what areas we can expect newer startups to emerge.
Importantly, fintech training is also an area that has seen much growth and even certification of skills. Any emerging sector brings with it the well-paid jobs due to the demand for personnel. And this will continue to grow over the next decade making it a wonderful career to start off with. Of the many institutes and academies available, Imarticus Learning has been the forerunner with a reputation for reputed and certified practical training that has been consistently providing personnel for the fintech areas.

Banking business model changes:

Banking has been the one industry that guardingly embraced blockchain technology, Fintech Courses, etc and has emerged the better for it. Let us study the impact of fintech on this business area. What impacts this area will also touch the way we deal with money and is good for a host of industries like

In the processing of payments:

Payfirma – The early runner started in 2011 introduced mobile-phone card readers to Canada and has since expanded into merchant accounts processing.
Stripe – The partnership with the famous Apple Pay mobile payments on the Apple Pay app the firm innovated mobile and app-based check-outs using tech that is biometric thumbprint triggered and secure and works through the iOS digital wallets.
Square – introduced the card-swipe technology for mobile-payments and has emerged the most popular blue-eyed startup in the sector.

Alternatives to lending:

Rather than lengthy loan applications and processing today fast, insta-loans are available online alternatives today for the traditional banking sector.
Lending Club – the 2006 peer-to-peer marketplace for lending marketplace had a rough time but is immensely popular even today.
Prosper – The earliest innovator this fintech startup of 2005 is also similar to Lending Club and had to wade through industry regulations and changes b, Prosper is the first FinTech company of this generation as well as the first peer-to-peer growing up to its present stature.
UpStart – really changed the unsecured personal loan segment. Started by Googlers it makes your credit history, educational background, and work experience into creating loan opportunities with better rates of interest and repayment.

Wealth and investment management advisories:

Chatbots and robot-advisors revolutionized the accurate and timely customer service and advisory areas using ML to match and sift through large data volumes while advising or serving customers.
Wealthfront – targeting the novice and first-time investors do have an investment amount of 500 USD and do not charge any fee for managing investments up to 10,000 USD.
Betterment – the path-breaker for automated investments has an easy-to-invest process for beginners and investors guided through a transparent and full-automated online process. The fee is a bare minimum and it does not have any minimum investment limits.

Other areas:

In the beginning, IT meant the server-room and Fintech Training today has become anything to do with financial transactions and technological innovations for it. Cybersecurity, Regtech, risk, and compliance management have all been touched with fintech innovations making the processes involved data accountable and accurate. Storage has shifted to cloud-based servers and online banking the norm of digital payments. Mobile phones and the common man popularly use UPI, Paypal, QR scanners like Paytm today.

Pay packages:

The fintech sector is similar to the banking sector we can take IB salaries as the benchmark for scope and payouts. In the US the financial analyst in fintech and IB had an average salary of 84,300 USD as reported in 2017 by the BLS. The BLS predicts 11 percent growth in FA positions between the decade starting 2016.
Payscale reports the IB and fintech FA salary is an average salary of 508, 855 Rs for a fresher. The salary components can vary between 177,560 to 1,545, 630 Rs while the bonuses can vary with contract negotiation from 2,517 to 524, 023 Rs depending on your skills and performance.

Conclusions:

Fintech offers many opportunities such as advisors, accountants, account managers, treasurers, analysts, business analysts, etc. If you wish to take on fintech training, consider Imarticus Learning for their super certification and assured placements when starting your career. Hurry! The early birds to find the worms. For more details regarding this, you can contact us through the Live Chat Support system or can even visit one of our training centers based in – Mumbai, Thane, Pune, Chennai, Hyderabad, Delhi, Gurgaon, Delhi, Gurgaon, and Ahmedabad.

Will Doing Big Data Analytics Courses Help To Make a Mid-Career Jump?

Posted on by Imarticus Learning

“Data is the new oil for business” is the tag line used in the modern world ruled by digitalization. Businesses today depend on data for various reasons. As you are aware data generated every day is counted in quintillion bytes so ideally, traditional methods of data handling are not sufficient to handle this lump-sum data productively.

The primary intent to learn Data Analytics is to figure out a pattern using which assessing customer preferences and tastes may be easier. Big data confines itself as a large sum of data available either in a structured or unstructured format.

Different big data analytics, tools, and techniques are on rising demand for the impact of big data on businesses. Such tools are put to effective use in finding business opportunities and making business decisions.

Competitive advantage for big data analytics aspirant with a tech background 

For a person working in a software firm who has some technical knowledge undertaking big data Hadoop course will be extremely beneficial to beat the competition. A report from Forbes suggests that the median salary for a data scientist is $110000. Corporate giants like Cisco, IBM, Oracle, Google, and Microsoft have posted numerous job openings in this field. However, Big Data has widespread use in different sectors of business like Aviation, Pharma, education, Telecom, healthcare, It, Retailing and sports. There are endless opportunities for a person who masters Big Data Analytics Courses in any phase of a career.

Merits of a private training institute

As far as private training institutes are concerned they design a comprehensive structure of big data analytics and provide hands-on training for better knowledge about the concepts. In order to make a career shift, you do not have to invest in sky-rocketing fees of legacy education institutes and their degrees. Various online private institutes offer state of the art classes, online sessions, and programs for your convenience.

Capitalize on the trending big data analytics course by opting for private online institutes who are performing extraordinarily in governing the aspiring students in any phase of their career. Learning and getting trained with professional hands may land you in a dream position.

Skilled and properly trained Big Data Analysts are paid hefty and long-term growth may be possible if you deliver the expected results to the companies.

Big data analytics training encompasses several technologies like:

  1. Machine learning which co-relates to Artificial intelligence and creates automatic proactive models that analyze bigger problems and brings about a meaningful solution.
  2. Efficient data management program to be designed by the companies for organizing the data that is constantly flowing in and out of the organization.
  3. Data mining is a technology which assesses large quantity o data to figure out a pattern which can be further called into meaningful insights for the business.
  4. In-depth understanding of Hadoop framework which skillfully stores data using commodity hardware and runs its cluster of applications in it.
  5. In-memory analytics uses system memory to analyze the data thereby saving time and better decision-making.
  6. Operating with Predictive analysis which uses historical data along with statistical tools and technologies to find a future prospect.

Some of the job titles that one may get into big data are big data engineer, data visualization expert, Hadoop developer, information architect, business managers, software testers an more.

You may be wondering why is big data being a prominent part of successful business, well, let me answer this with the following points:

  • On the long run, big data analytics tools like Hadoop and cloud analytics reduce the cost of storing a large sum of data by identifying ways to build a profitable business.
  • Big data technique Hadoop, when clubbed with memory analytics, helps in analyzing the information and make decisions immediately based on the research. Thus aids business in a fast and better decision-making process.
  • Big data analytics ability to identify the customer needs, has leveraged on the businesses to produce new products that satisfy the customer needs.

To sum up

If your previous job was mundane and not exciting enough, you could probably want to get closer to the way business works through big data analytics. Having knowledge about technical aspects will be an added advantage to take up data analytics as a mid-career jump. Explore more through the Live Chat Support system or can even visit one of our training centers based in – Mumbai, Thane, Pune, Chennai, Hyderabad, Delhi, Gurgaon, and Ahmedabad.

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