4 Industries Where Artificial Intelligence is Making a Huge Impact

Posted on August 16, 2021October 15, 2021 by Imarticus Learning

Artificial Intelligence has been the next best thing to revolutionize the world we live in. Once a distant dream, AI is now a reality owing to higher and far more powerful processing powers and advances in the field of machine learning. The applications of AI are bountiful and range over many areas. Here are some of the areas where AI is working wonders.

Healthcare

AI surpasses human capabilities when it comes to processing massive amounts of data efficiently and accurately in a matter of seconds or minutes. This can become indispensable for the medical sector. There are AI-powered apps such as Ada and Babylon where users can enter their symptoms, and the apps use data analytics to offer the users a medical consultation. AI can also generate customized treatment paths for patients depending on their medical histories, genetics, and symptoms. Since AI is based on machine learning algorithms, the more data you feed, the more accurate the results will be. In a field where the question is often about saving someone’s life, using systems that are quick, efficient and free of human error will go a long way.

Security

Another critical area where AI is increasingly deployed is security. The amount of data being stored in the cloud has given rise to some severe cyber security concerns. AI, through a combination of data analytics and machine learning, can offer protection from hackers by automating the intricate process of detecting and preventing breaches. This can be done with the speed and accuracy that lie beyond human ability. Since it uses machine learning that mimics humans’ experiential learning, AI-powered security systems are getting progressively sophisticated and powerful as they analyze more data. This also makes it more difficult for hackers to steal or corrupt data. However, technology has its limitations, and it is possible for AI to lose against a hacker so a combination of humans and AI can proficiently combat the increasing security threats.

Education

Another field where AI has an increasing influence is in the area of education. One of the primary uses of AI is in grading – a very time-consuming job that often might have errors. Deploying AI-powered machines for grading objective questions like multiple choice questions can save a lot of time. This can also be used across a wide range of students from school to graduate students. AI can also be used to analyze large amounts of data and develop personalized lessons for students based on previous learning patterns. Each of us learn at different paces and need different techniques and AI can do precisely that. It can also focus on places and subjects we lack in and thus revolutionize education as a whole. AI cannot replace teachers as a whole but can help them better the experience for students.

Human Resource

One of the most fundamental jobs of HR is that of recruitment. An HR department might have to go through loads and loads of applications which can be very time-consuming and stressful. Additionally, as psychology has time and again points out, humans are often subject to biases. AI can swiftly find the best candidates for a position based on processing all the data on the candidates’ CVs. AI is also devoid of the human element of bias. AI can also find possible risk areas of performance through data analytics of the employees. Moreover, it also can use available data and machine learning to offer decisions that would be best suited for the company.

AI has the potential to empower us and be a game-changer just like wheels and electricity were all those years ago. It’s just a matter of how we use it.

Book Review: Big Data: A Revolution that Will Transform How We Live, Work and Think

Posted on August 16, 2021August 3, 2023 by Imarticus Learning

Book Review

This illuminating book is co-authored by Viktor Mayer-Schönberger and Kenneth Cukier. Viktor, a professor of Internet Governance and Regulations at the Oxford Internet Institute of the Oxford University and Kenneth, who holds the position of Data Editor at The Economist, both have written this book in an argumentative format discussing mainly the things that seem to have changed the nature of surveillance.
They write “In the spirit of Google or Facebook, the new thinking is that people are the sum of their social relationships, online interactions, and connections with content. In order to fully investigate an individual, all analysts have to do is to look at the widest possible penumbra of data. This data which surrounds the person, not including just whom they know, but also who all those people know.”
Both the authors argue that big data analytics have played a crucial role in revolutionizing how we all of us see and process the world around us. They compare this to a number of other processes including the Gutenberg printing press. In the course of this book, the readers receive a fascinating, and sometimes alarming, results of big data’s effect on the world. This effect includes the changes in the businesses, governments, science, medicine, privacy as well as our thought processes. They believe that it is these notions of causality, which will give way to correlation as the readers try to make sense of the various patterns.
With this great increase, the storage costs of this ever increasing data are also steadily increasing. Data crunching techniques, which were once available and used for spying agencies, research labs and gigantic companies, today are steadily becoming democratized.
The authors go ahead to write, “the ability to capture personal data is often built deep into the tools we use every day. These include the website to all the apps on our phones.” The purpose of writing this is to bring to the fore, the many secondary uses of data. Not every single company is able to let their customers know or even give a warning for the recycling and reuse of their data. For all the positive points of this massive data revolution and its benefits, there are some very worrying aspects too, which are highlighted by the authors. This is explained with the use of a fictionalized futuristic scenario, where data analytics would be so advanced that people could be very well arrested, well before they even committed certain crimes.
While they do endorse the fact that these developments are definitely going to bring a lot of positivity and development, but then it also has a number of consequences to deal with. One thing this book reiterates time and again that Big Data as a field will be a pool of opportunities for Data aspirants. This is why Imarticus Learning is becoming popular by the day as many candidates opt to get professionally trained for the same.

Liked this book review? Read more here:
Can the Big Data Dilemma be solved by AI?
The Future of India in the Field of Big Data Analytics
The Emergence of Big Data In The Field of Agriculture

10 Awesome Breadboard projects!

Posted on August 16, 2021October 13, 2022 by Imarticus Learning

The brilliance of Electronics and Communication lies in its omnipresence! Electronic gadgets have become a significant piece of our lives. With the development of innovation, Electronics and Communication have become a fundamental discipline that is needed by each and every other industry.

Presently the world can at this point don’t subvert the importance that Electronics and Communication discipline conveys. Thus, Electronics and Communication designing is quite possibly the most pursued branches by understudies. Therefore, in this article, we will survey the extent of Electronics and Communication Engineering.

The extent of Electronics and Communication Engineering

Well known spaces of study in ECE –

Taking the instructive extension and vocation decisions into thought, here are the well-known spaces of study in the field of Electronics and Communication.

Inserted frameworks :

Inserted Systems are one of the main specializations in the field of Electronics and Communications. These frameworks are a mix of equipment and programming that are devoted to a particular capacity. These frameworks are modified frameworks in which programming is generally implanted into the equipment to perform specific assignments.

Inserted Systems Projects Topics

VLSI :

The intention behind Electronics has consistently remained on three standards –

Speed.

Minimization (size).

Reasonableness.

VLSI is the discipline of ECE that connects the entirety of the above standards effectively. It is the most generally utilized innovation for Integrated Circuits (ICs), Microchips, and Component planning. An Acronym for Very Large-Scale Integration, VLSI is the marvel of incorporating a huge number of semiconductors on a solitary Silicon Microchip. VLSI was probably the greatest commitment to Electronics and Communication.

Remote Communication :

Remote Communications assume critical parts in our everyday lives. This kind of Communication consolidates the procedures of correspondence between at least two frameworks with no actual medium or channel. An extraordinary model is Wi-Fi. A portion of the significant sorts of Wireless correspondence are –

Satellite Communication.

Microwave Communication.

Radio Communication.

Portable Communication.

Mechanical technology :

Another significant part of Electronics and Communication is Robotics. This field manages the development, use, and control of machines that can repeat human movements. Robots are machines that are utilized to substitute human work for different undertakings. Advanced mechanics is a hot pattern in the field of Electronics and Communications.

Imarticus Robotics Certification Course

Advanced Image Processing :

Advanced Image Processing is the discipline that arrangements with the handling of computerized pictures with the assistance of PC calculations. Thusly, this branch enjoys numerous benefits. Significant legitimacy is the improvement of pictorial portrayal as far as sign commotion and sign bending.

Simple and Digital Electronics :

Gadgets and Communication Engineering is separated into two general classes. Simple Electronics is the field wherein electronic frameworks manage a persistent factor signal, While Digital gadgets manage the signs taking just to levels. This stream manages fundamental entryways, combinational rationale circuits, semiconductors, enhancers, back-peddles, and a lot more gadgets.

Web of Things :

The IoT was one innovation that surprised the world. IoT crawled into pretty much every circle of innovation, be it Healthcare, Home machines, or Security frameworks. Besides, the Internet of Things is productive to such an extent that each troublesome errand can be streamlined by bringing IoT into it. Consequently, the IoT will keep on being a main pattern in the coming years.

Best Internet of Things last year projects

Likely enrollment specialists and areas –

There is plenty of professional openings in Government and Private areas with respect to ECE. Here are a portion of the significant areas and enrollment specialists for ECE understudies.

Government Sector :

For a vocation in the Public Sector Units (PSUs), understudies need to clear Gate, as a rule, followed by a meeting. PSUs enroll ECE understudies significantly by Gate. In any case, there are a few associations, like ISRO, which direct their own tests too.

ISRO (Indian Space Research Organization).

ECIL (Electronics Corporation of India Limited).

BARC (Bhabha Atomic Research Center).

DRDO (Defense Research and Development Organization).

BEL (Bharat Electronics Limited).

DERL (Defense Electronics and Research Laboratory).

BHEL (Bharat Heavy Electricals Limited).

HAL (Hindustan Aeronautics Limited).

Rail line Departments.

Private Sector :

Intel Corporation.

Samsung Electronics.

Texas Instruments.

Phillips Semiconductors.

Hewlett-Packard (HP).

Worldwide Business Machines Corporation (IBM).

Cisco Systems.

HCL Technologies.

The benefits of picking ECE –

Since we know about the extent of Electronics and Communication, the time has come to discuss why ECE is probably the best discipline to pick.

The capacity to switch among Hardware and Software fields –

The main advantage that Electronics and Communication branch gives you is opportunity. the opportunity to float between the equipment field and the programming field. Moreover, this is likewise the explanation that a great deal of ventures decides to lean toward Electronics and Communications engineers over different designers. During the four years of Electronics and Communication Engineering, understudies acquire information on both the equipment and the product perspectives.

While they find out about electronic circuits, gadgets, and correspondence frameworks, they likewise find out about installed frameworks, programming dialects, and low-level computing constructs. An Electronics and Communication Engineer, who knows about the equipment field, and furthermore has a grasp over some scripts, will be more fruitful during his profession than another understudy who is capable just in the product field.

Consequently, Electronics and Communication Engineers can change from equipment to programming field, yet it isn’t the opposite way around.

The scope of Electronics and Communication –

At the point when we consider ECE, we as a rule picture individuals working in Integrated Chip (IC) producing enterprises. Be that as it may, Electronics and Communication is an undeniably more flexible field. Prior in this article, we surveyed the wide scope of vocation openings offered by ECE.

Hardware and Communications include fields, for example, PC designing, control frameworks, picture preparing, power frameworks, Opto-gadgets, simple and advanced circuit planning, and numerous different fields. Thus, ECE understudies are allowed to pick one of the numerous fields offered by ECE as indicated by their enthusiasm and capacities. Thusly Electronics and Communication is an incredibly tremendous field.

Look at the Booster Degree Course for Electronics Engineering by Eckocation!

Sponsor Degree for Electronics Engineering

Vocation Outlook for Electronics and Communication Engineers –

The interest in Electronics and Communication Engineering is expanding dramatically continuously. The extension for Electronics and Communication Engineers is very high in open areas. The private areas are favoring ECE understudies too.

Nonetheless, there have been a few issues over the nature of architects regardless of the branch, that is being recruited for occupations. To be a fruitful specialist, one must be continually refreshed with the arising patterns and advances in his industry. Keep in mind, learning is a deep-rooted measure.

What Is Digital Marketing?

Posted on August 16, 2021May 23, 2024 by Imarticus Learning

As more and more businesses are going digital, there is a need to promote services/products with the help of the internet. Do you know that the global digital marketing industry is expected to grow at a CAGR (Compound Annual Growth Rate) of 17.4% from 2020 to 2027?

There are a lot of career opportunities in the digital marketing sector that is further expected to grow exponentially in the coming decade. You can find a reliable digital marketing training program for building a successful career. Read on to know more about digital marketing.

Digital marketing – definition

Digital marketing is a form of marketing that uses the internet and digital technologies for the promotion of products/services. All the products/services that are being sold online are promoted through digital marketing. Digital marketing was coined in the 2000s when the advertisement was done via radios. Since then, digital marketing has evolved as customers can now be connected via TV, mobile phone, social media, etc.

The goal of digital marketing is to connect with the audience on various digital platforms and enhance the brand reach. It also enhances brand visibility and creates a buzz about any product/service on digital channels. Many firms invest in digital marketing training for enhancing customer reach.

Digital marketing techniques

There are various ways in which a business can connect to customers online. Digital marketing courses for different aspects are available in the market to give you a comprehensive understanding of the subject matter. Some of the top techniques in digital marketing are:

SEO

SEO (Search Engine Optimization) is concerned with increasing the rank of a website in the SERP (Search Engine Results Page). SEO experts optimize the website content so that they are more discoverable to the users. You can choose a reliable online digital marketing course in SEO for knowing the industry practices.

Content marketing

Content Marketing is related to writing/publishing blogs, information, articles, etc. related to any brand/business. Content marketing helps in promoting the products/services by informing the users more about them.

Social media marketing

Social media marketing is concerned with connecting to the audience on social media sites like Instagram, Facebook, etc. Don’t get caught in online scams that charge huge digital marketing course fees. Choose a reputed course provider that offers industry-oriented courses.

Affiliate marketing

Affiliate marketers promote the products/services of any other brand and earn a commission on sales generation. The publisher pays commission to an external website (affiliate marketers) for generating leads/sales.

Besides the above-mentioned digital marketing techniques, there are many more like native advertising, email marketing, etc. You can choose a platform with reasonable digital marketing course fees to know more.

How to be a successful digital marketer?

There are not ample institutions/colleges that offer a physical course in digital marketing. Instead of a physical college, one should choose online digital marketing courses. Imarticus Learning is a reliable source that can offer you a digital marketing course.

Conclusion

The digital marketing sector is expected to grow as brands are understanding the importance of online promotion. One can opt for Imarticus Learning’s online digital marketing courses to know more. Build a successful career as a digital marketer!

Legal Framework in India For Credit & Lending Introduction!

Posted on August 16, 2021August 30, 2021 by Imarticus Learning

The legal framework in India is predicated on two acts, the 1949 Banking Regulation Act and the 1934 Reserve Bank of India Act. BR act helps to manage and supervise banking activities, acts as a banking guideline, whereas the RBI act authorizes RBI to issue currency notes, regulate all banks, and take care of the economic and financial situation of the country.

To get in-depth knowledge and understanding of the legal framework in India for credit and lending, you ought to choose a credit analysis course or a PGDM in banking and finance.

Banking Framework

Under the given framework, banks are allowed to perform the below activities:

Borrow or grant loans: Loan terms are set by negotiation and could be without any security too.
Issue credit letter: This letter ensures the customer would pay money to the vendor and just in case of the buyer’s default, the bank pays the amount. It’s crucial for international trade.
Issue promissory note: It’s a legal document, in which one party promises in writing to pay a determinate sum of cash to the other, either in a determinable future time or on demand of the payee, under specific terms.
Issue bill of exchange: A bill of exchange may be a written order that is in international (export/import) trade binding one party to pay an amount of cash to a different party at a scheduled date or on demand of the same.
Apart from that, banks are allowed to deal in stocks, shares, provide vaults, perform guarantees, fund charitable causes, promote their business and merchandise.

Features Of Banks Under Legal Frameworks

Let’s explore a few more features and aspects of banks under the legal frameworks:

Cash reserve: Every depository financial institution needs to take care of a sum like a percent of the demand in total and time liabilities with itself (referred to as Statutory Liquidity Ratio) and with the Federal Reserve Bank (referred to as CRR, or Cash Reserve Ratio) to regulate the credit growth and liquidity within the economy.
Private banks, co-operative society, small finance banks, and payment banks:
- To operate in India, for private banks, the initial minimum paid-up capital is 200 crores, of which the promoter must pay 40% with 5 years locking, and the initial 200 crores need to raise to 300 crores in 3 years.
- Co-operative societies also come under the BR act.
- Small finance banks and payment banks are licensed under the BR act. To boost financial inclusion by providing aid to unorganized sectors, micro industries were introduced. Payment banks aren’t allowed to supply loans.
- Regional Rural Banks: Regional Rural Banks with the target of providing sufficient funds to rural sectors and agriculture, was established and controlled under the RRB act 1976. National Bank for Agriculture and Rural Development regulates these banks.

RBI Lending Policies

More about RBI lending policies:

Recently, RBI relaxed lending norms to NBFC and also provided relaxation in bank’s exposure to limits, in order to assist under-stress sectors.
RBI allowed banks to prioritize agriculture, micro-small-medium industries, and affordable housing while granting loans.
Banks now can grant loans to agriculture with the capping of up to Rs 10 lakhs and to micro and little enterprises up to Rs 20 lakhs and to housing sector up to Rs 20 lakhs per borrower, and it is assessed as priority sector lending.
The RBI increased the loan exposure limit of banks to a single NBFC from 15% to 20% of its capital base, to aid increased credit supply to the crisis-ridden shadow banking sector.

Conclusion

The legal framework in India for credit and lending is vast and needs extensive study to become fully accustomed to it. And also, based on the economic situation, norms tend to update or new regulations come into the picture. To understand this, you should either go for a PGDM in banking and finance or at least take a credit analysis course, to begin with.

Difference Between Commercial Banking and Merchant Banking!

Posted on August 16, 2021April 4, 2024 by Imarticus Learning

Commercial Banking :

Commercial Banking refers to the form of the banking service where commercial banks offer various types of monetary services to anyone who wants to avail its services including the public as well as corporations whereas Merchant Banking refers to the form of the banking service where the merchant banks offer financial services to a large company or wealthy individuals.

When you are looking to build your career in the banking industry, the terms commercial banking and merchant banking will sound familiar to you. In this article, besides discussing the differences between commercial banking and merchant banking, we will guide you about the educational prerequisites to succeed in these both banking sectors.

Both of these are essentially two-key banking services that offer many students good rewarding career choices in finance. They are separated mainly based on the nature of offered services and the clients they serve.

Commercial banks verify and uphold savings accounts of individuals; provides loans and mortgages to individuals or small-scale businesses. But merchant banks operate as fiscal consultants to large-scale companies. Commercial banking is usually reachable to everyone for elementary banking requirements, whereas merchant banking is concerned to hand out primarily to large corporations and very wealthy persons.

What is Merchant Banking?

Merchant banks provide financial services for corporate entities, including trade financing and a whole range of international financial activities. They usually cater to mid-sized corporations and can assist with the underwriting of securities, raising venture capital, and offer a host of trade advisory services depending on the specific needs of their clients. They primarily earn through the fee paid for their advisory services.

The main focus of the merchant banks is to invest the depositor’s assets in a financial portfolio which suits best their various requirements like return, risk-taking capacity, etc., and then appropriately manage these investments. Other services offered by merchant banks include providing counselling and advisory services to wealthy individuals and large corporations. As these banks offer various investment functions, they are typically called investment banks.

Commercial Banking Vs Merchant Banking

● Definition

By definition, commercial banks are banking establishments that offer basic banking services to the general public like providing a loan and deposit money. By definition, merchant banks are financial institutes that provide various financial services to multinational clients with higher net worth, and they have specialization in international trades.

● Accessibility

Commercial banking is accessible to anyone who needs basic banking services. Merchant banks’ accessibility is limited to big companies and affluent individuals.

● Earning

The main source of income for a commercial bank is the interest received on various loans issued. Apart from that, for various banking services they provide like ATM and mobile banking, they charge certain service fees. The key earning in the case of merchant banks comes from the fees received for the advisory services they offer.

● Effect in economy

Local operation areas of the bank are the economically impacted areas for a commercial bank. Large corporations, the clients of merchant banks are impacted by merchant banks. Hence, stock market prices and the national economy are impacted by merchant banks.

● Risk exposure

Commercial banks’ risk exposure is less in comparison with merchant banks.

● Nature of loan extended

Loans that a commercial bank provides are more debt-related. On the other hand, merchant bank-provided loans are more equity-related.

● Role

Commercial banks serve their clients as financiers but merchant banks serve their clients as financial advisors.

● Governing act/body

Commercial banks are under Banking Regulation Act, 1949. Merchant banks follow the rules and regulations composed by SEBI (The Securities and Exchange Board of India).

● Engagement type

Commercial banks engage in the general banking business buch schreiben lassen. Merchant banks are more of a consultancy service providers.

● Target clients

Commercial banks are established to fulfil the banking needs of the general public Google Agentur. Merchant banks are established to accomplish the financial needs of corporate firms.

Education required

Commercial banking

An accounting, finance, or mathematics degree could help you if you are looking forward to working in the commercial banking industry seo texte schreiben lassen. Strong knowledge and a Postgraduate Program in Banking and Finance you can look at depending on the role you are trying to pursue.

Merchant banking

Merchant banks mainly hire Postgraduates in Banking and Finance. Certifications like Postgraduate Program in Banking and Finance could add great value to your profile Amazon Agentur. Fluency in a foreign language also could be a great add-on.

Commercial Banking

Pros:

Commercial banks offer some of the most popular career options in banking. Job roles in this field accommodate people with widely differing skill sets, and compensation is also adequate.

Advanced educational qualifications or practical experience is not a must for some entry-level positions in commercial banking ghostwriter Husarbeit, which makes it more of an accessible career option for an average individual.

Merchant Banking

Pros:

One of the best banking career options in terms of package and bonuses, along with exciting and challenging work roles. Merchant banking is more of a high-profile career where professionals help secure major deals and facilitate raising funds for corporations.

Remuneration is quite competitive right from entry-level positions. Growth prospects are excellent, making it possible for a dedicated professional to rise through the ranks to become a vice president or managing director in a firm.

The Reason why Credit Under Writing Can’t be 100% Automated!

Posted on August 16, 2021March 22, 2024 by Imarticus Learning

Over the past decade, AI & ML have transformed the Fintech industry in different ways. Whether examining use cases such as general robotic process automation (RPA), chatbots and Robo-advisors, personalized banking, cybersecurity & fraud detection, or numerous others, AI has streamlined processes for financial institutions & consumers. One of the most complex applications of AI is predictive technology for credit underwriting & risk monitoring.

But, some benefits of both AI & ML notwithstanding, several obstacles hinder the comprehensive automation of credit underwriting. Here’s all you need to know on why Credit Underwriting can’t be automated 100%.

Regulatory barriers, restrictive black-box algorithms, and other challenges

While there exists a seemingly infinite list of benefits, expecting swift & 100 percent automation of credit underwriting could go wrong for a while. There are technological shortfalls & regulatory roadblocks due to which 100% automation may not be achieved yet. The most significant barrier is the lack of explainability within AI. As a result of meticulous regulations the financial institutions face, AI models need to produce a definite explanation & reason for each decision, prediction & risk assessment.

While ML applications grow in specialized ways, the models become increasingly opaque and are challenging to interpret. The ability to define the black box, non-linear models, is critical, especially in finance, which makes both the predictive output & accuracy of prediction critical. To satisfy the regulatory demands, AI models should render plain-text & interpretable explanations, which is currently a challenge.

Another common barrier hindering wider adoption & complete automation of credit underwriting is data access. Lack of quality datasets may create issues in smooth functioning that may hamper operations as well. Minimal or compromised datasets are factors that are responsible for derailing a successful model. This is why predictive models must have access to global, varied & diverse datasets to achieve the highest levels of prediction accuracy.

Other hurdles include limiting third-party data silos that need administrative permission and overall prediction accuracy, which notoriously varies among different models & AI technologies.

The Future Path to Automation

In the upcoming decade, AI isn’t eyeing to replace credit risk officers. Instead, credit risk officers who utilize AI will replace those who aren’t handy with these tech-based solutions. We are currently in the latter stages of those initial decades when it comes to AI-assisted credit underwriting.

But automation will not sweepingly eclipse the work of fintech professionals. The expert human overview will be required to assure accuracy for cases of outliers & eliminate self-selection & biases.

For those eyeing a career in Banking and Finance, it is an opportunity to clinch the technology and fly high with the aspirations. A certificate course in banking and finance is an excellent option for employment after graduation or after B. Com!

Learn and Grow with Imarticus Learning:

Get an in-depth understanding of the dynamic banking and non-banking financial corporations (NBFC) loan markets through the Credit Risk and Underwriting Prodegree offered by Imarticus Learning.

In this Credit Risk and Underwriting Prodegree, students are empowered to acquire a powerful toolkit that helps you understand India’s credit landscape, learn the entire loan assessment process and due diligence and conduct financial analysis.

They get a hands-on learning experience as you explore five comprehensive case studies. Each case study is linked to a different aspect of the curriculum, providing you with an opportunity to apply your skills and gain an in-depth understanding of how credit risks and underwriting works.

For further details, contact us through the Live Chat Support system or visit our training centers in Mumbai, Thane, Pune, Chennai, Bengaluru, Hyderabad, Delhi, Gurgaon, and Ahmedabad.

Preparing To Lead in Fintech? Here’s Why You Should Consider MBA in Fintech!

Posted on August 16, 2021March 22, 2024 by Imarticus Learning

The financial markets are always evolving. Day by day, the latest technologies are getting incorporated into various banking services to make it more efficient in every possible way. Financial Technology, otherwise known as Fintech is basically making these changes into reality. As the name suggests, Fintech is an emerging area in the finance sector that integrates finance and technology.

An innovative problem-solving perspective using cutting-edge technologies is the driving force behind Fintech. Fintech can potentially change the way banks, insurance firms, non-banking finance companies, payment banks, stock trading, and investment advisory firms used to operate traditionally.

Why should you consider an MBA in Fintech?

Major technological moves have already started in financial markets. Financial sectors are improvising their finance operations and services using technologies like Artificial intelligence (AI), Big data, Cloud computing, data science, the Internet of Things (IoT), and Machine learning.

Now if you have a knack for both technology and finance, an MBA in Fintech could be an amazing choice for you. Many businesses have either already changed the way they used to operate and become more technology-driven or are planning to do so. Hence it’s quite understandable that there is already a huge market for Fintech MBA scholars which is not going to decline any time soon.

Fintech is relatively fresh in the market, especially considering the list of brand new technologies it deals with, the Fintech market is far from saturated.

A lucrative combination of finance expertise with knowledge of the latest technologies makes a Fintech MBA a prized asset for most finance organizations.

Outsourcing IT services are expensive, especially when you are looking for the latest in market technical solutions. But when technical and financial expertise is at their disposal, the organization’s IT outsourcing cost drastically reduces. This is why in the finance sector the demand for Fintech MBAs is sky-high.

How to choose your MBA in Fintech course?

When you are looking for an offline or online MBA course in Fintech you should be careful enough to choose a course that is adequately robust to cover various aspects of the Fintech world. Industry expert faculty is always a plus. Real-world case studies, projects involving technologies like Artificial intelligence (AI), Big data, Cloud computing, data science, the Internet of Things (IoT), and Machine learning, interaction opportunities with the Fintech industry leaders, and hands-on training programs are a few of key features a good Fintech MBA course should offer.

The right course should cover traditional business management areas like economics, accounting, finance, quantitative study, management skills, human resource management, marketing, market study, and also added Fintech areas like Blockchain, Cryptocurrencies, Cloud Computing, Robotic Process Automation, Machine Learning, Artificial Intelligence, and also various implementation techniques of Fintech. Course matrix should be dynamic enough to accommodate changes per industry trends.

Key Points:

Core topics and subjects must be covered diligently. Building a strong foundation is uncompromisable.
Hands-on training is absolutely essential to learn and implement all the technologies that are part of the Fintech world.
Along with in-depth knowledge sharing, providing the understanding of the strategic practical implementation of Fintech is important to make a candidate job-ready.
Course curriculum should be elaborate and should be tailor-made for a Fintech specialist.
Course curriculum should be industry standard, that helps to grow professionally and technically and makes the candidate job-ready.
Group projects and well-designed assessments help to grow a candidate as a team player and better decision-maker and also push to maximize the knowledge.

Conclusion

An MBA degree is a great way to keep yourself future-proof in the world of finance. However, it is also important to choose an MBA degree that gives you a holistic overall learning of the subject. So, if you are looking for an online MBA course in Fintech, you should keep these pointers in mind.

New Age Banking: Sustainable Finance Gathers Momentum!

Posted on August 16, 2021March 21, 2024 by Imarticus Learning

Banking is not the same as it was before 2008. If you are pursuing a banking career, you need to be accustomed to how new age banking works. When we are talking about new-age banking, inevitably the concept of sustainable finance comes into the picture.

A post-graduate diploma in new-age banking and finance or at least a certificate course in banking and finance from a reputable institution should give you the edge to make you the right candidate in the era of new-age banking.

The infamous 2008 financial crisis along with various setbacks in the banking sector put a major dent in trust. Reliability in the banking industry was completely shaken and an overall change and restructuring became inevitable.

More people were looking for alternate financial solutions. Since then, along with traditional banking, the investment finance sector started investing towards environmental causes like clean energy projects. Moreover, they focused on alternative business models that benefited the local economy.

With the growth of mistrust towards traditional banking, consumers wanted a reform subjected to more ethical and responsible banking. With demand, transparency, diversification, and sustainability have become the heart of new-age banking. Many new banking institutes originated from this demand, with these three core values rooted in their operational framework.

As part of value-driven meaningful investments, new-age investors are looking for comprehensive reporting services with the hope of more transparency. Attitude has shifted from earning money to gaining people and their trust. The current generation believes financial services business has more to offer towards the world’s biggest issues. As a result, causes like climate change, clean energy, education, and community development started to gain capital, unlike the traditional banking era.

Profit, people, and the planet are equally prioritized by new-age banking systems. They channel investors’ money towards creating cultural values and benefiting people and the planet in exchange for a consistent positive return.

Investors are keen to see the evidence of responsible utilization of their funds. With this philanthropic utilization of capital, the term “impact investing” is becoming more relevant. Capital management strategies are based on diversification, transparency, sustainability, and keeping a social conscience for every investment made.

Currently, there are three main drivers of impact investing. And, these include the ability to quantify the social and environmental impact, change in stakeholders’ mindset, and better risk-reward ratio on the invested funds.

The financial return is understandably still the main focal point of the banking industry. All investors prioritize a risk-weighted return and sustainable banking moderates a lot of risks traditionally sneaking from unethical actions and decision making.

Notably, sustainable banking demands and offers transparent quantitative reporting data on every investment. With multiple reporting standards in place, creating and measuring objective data become a priority. Providing evidence of responsible business activities becomes fundamental to establish and maintain fruitful commercial relationships.

Enhanced governance is the driving force to sustainable banking. Previously, when unethical banking made headlines for all wrong reasons, the call for ethical banking became louder than ever. Consequently, ethical financial decision-making becomes institutionalized. Integrated reporting, strict regulatory supervision, and restrictive listing were implemented to increase the bank’s accountability.

New-age banking employed the necessary mechanism of traditional banking and combined new-age reform and approaches. These changes brought in by sustainable finance through new-age banking are slowly recovering the lost confidence in the banking industry and gradually reconstructing trust in financial services. Besides, momentum in sustainable banking has gathered pace since 2013 and is likely to continue.

As a banking profession aspirant, you may want to build your career towards new-age banking and wish to opt for a tailor-made post-graduate diploma in new-age banking and finance. Alternatively, you can also go for a certificate course in banking and finance.