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Day: January 21, 2022

Emerging digital age challenges that financial institutions can tackle in 2022

Posted on by Imarticus Learning

In 2021, a new global banking system is forecasted. The current financial institutions are lesser equipped to handle the digital challenges from the future. With more and more customers moving online, they need to keep up with today’s technology or risk being eliminated out of the race!

There is a lot of work to be done, but we believe that financial accounting institutions can and will overcome the challenges. The key to success is venturing into the digital age and investing in mobile technology, internet banking platforms, and customer service software systems.

Customers would find it easier than before to access accounts, financial statement preparation online from any device while accessing immediate support 24×7. For such targets, companies must focus on providing better educational resources for users, so they know how best to navigate these new technologies properly.

  • By 2021, four out of five banks worldwide will have either closed down or merged with other organizations due largely to online competition and technological advances by competitors such as Google Pay and Apple Pay.
  • By 2021, only a handful of banks will remain, and they will be entirely internet-based – the physical branch model is essentially not present in this new digital age.

The Impact of Technology on the Banking, Securities & Financial Institutions Sector

Technology plays a big role in the banking, securities, and financial institutions sector. It has opened up new avenues for transactions and business operations, as well as provided clients with improved services such as mobile banking. Here, you will understand what technology means for the BSFI sector by looking at what it does now and where it is going in the future.

– Currently, technology has helped reduce costs.

– Technology is used to optimize business processes.s

– Technology also helps improve customer service in this sector by improving online and mobile services. Technology will continue playing a big role for the BSFI sector in future years, too, as banks look to optimize their business processes with advanced analytics and use technology to provide better customer service.

– Companies will continue to reduce costs with technology.

– Technology can be used to improve business processes and optimize them by using analytics.

– It also helps provide better services for clients such as mobile banking in the future.

It seems like technology will continue to change the world and how we live. The banking, securities & financial institutions sector is not immune either. Technology has made it possible for people in this industry to do their jobs more efficiently and effectively, which can be seen through better customer service, faster transactions, and improved data analysis.

We may never know all of the ways that our lives will change because of new technologies such as artificial intelligence (AI), but one thing’s for sure- things are going to keep evolving!

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This course has specialization in Banking and Finance Management and Imarticus Post Graduate in New Age Banking program. The course is a comprehensive, 24-month unique combination of two industry-endorsed Finance and Banking courses specially designed to upgrade existing careers in the booming Banking and Finance industry.

Course USPs:

  • Dual Learning with Dual Certifications
  • 25% Assured Salary Increment
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Forge new pathways to growth with this Advanced Management Program in Financial Services and Capital Markets

Posted on by Imarticus Learning

According to a study by the Indian Brand Equity Foundation, India’s rising income is fuelling the growth of financial services across multiple income brackets. Additionally, the insurance, credit, and investment penetration is also ascending in rural areas. Moreover, with this continuity, India might have around 6.11 lakh HNWIs (High Net-Worth Individuals) by 2025.

Thus, it is evident that the capital market is soaring in India and is expected to show positive growth in the coming years. Hence, all these factors show the importance of financial service and capital market, and to succeed here, a diploma in finance management is essential. 

Financial management involves monitoring economic activity, including organizing, planning, and controlling it. Besides, it also consists of the applicability of general principles of management. Hence, individuals can check for capital market courses to know more about financial services. Also, these courses provide compendious ideas about investment banking, the Fintech domain, and capital markets. 

But before moving forward, let us get a brief idea about investment banking, Fintech, and the capital market. 

What is Investment Banking?  

 Investment banking is an allied section of bank or financial operation that assists corporations, government, and institutions raise capital and providing financial assistance. Being one of the most complex financial mechanisms globally, a proper understanding of all the basics is vital. This sector serves multiple purposes, including underwriting, mergers, and acquisitions, trading, and others.    

What is Fintech?  

Financial technology or Fintech refers to describing any business that utilizes technology to fuel its financial services. Usually, Fintech is used by different enterprises to manage their finances better by using software and algorithms.   

What is Capital Market?

A capital market is a financial place where two parties buy and sell securities such as stocks, bonds, and others. This trading is undertaken by individual participants or institutions. The capital market can be of two types: primary and secondary markets. 

In the primary market, freshly issued securities are traded, whereas, the secondary market is for trading old securities. Some examples of the secondary capital market include NASDAQ, New York Stock Exchange, and others. 

Careers related to financial services and the capital market are currently thriving among the young generations as they are highly rewarding. But these jobs are best suited for people who have a commerce and economics background. However, if you are from a different background, a financial risk management course or any capital marketing/finance course might help. 

An advanced management program in the discipline mentioned above can lead individuals to rewarding careers like relationship managers, business development managers, advisors for distribution and marketing of the mutual fund scheme. Besides this, advisors and relationship managers can also work with investors on financial planning and help them to manage a good investment portfolio.

Also, individuals can work as stockbrokers, commercial bankers, portfolio managers, capital market consultants, and others. Although the income of mutual fund agents and share market brokers depends on the scheme and type, with proper knowledge, it is possible to earn around Rs.1 lakh to Rs.1.5 lakh annually for an average person.   

Apart from going with independent careers, corporate professionals can opt for these courses to switch their jobs. Also, specific courses provide the opportunity for corporate companies to nominate candidates for a course to flourish their venture.  

Hence, to launch a career in financial service and the capital market, experts advise opting for courses related to these genres. Although the jobs are best suited for students from economics, commerce, or business-related fields, in case you are not from these fields, you can opt for a diploma or advanced diploma course. But to kick start a career, it is essential to have strong negotiation skills, an analytical mindset, knowledge of banking regulations and products, and the ability to deliver under pressure.   

Women in Finance: A future outlook

Posted on by Imarticus Learning

Women in the finance sector have a long and hard road to follow. Women have been fighting for equal rights since the beginning of time, but they’ve never been more potent than they are today. Financial institutions were no exception to this rule, all but completely disregarding women as potential employees until the 1970s. 

Even then, the demands of childcare frequently made it difficult for mothers to commit themselves fully. In this blog post, we’ll explore their history, how far they’ve come, what’s on the horizon for them, and some advice from women who work in finance about what you should know if you’re considering a career in fintech.

What is the future outlook for women in finance?

The future outlook for women in finance is a very bright one. While, unfortunately, there’s still a long way to go until women are treated equally at all stages of employment and within the workplace, things have advanced a great deal since then. For the first time in history, women hold an equal number of seats at universities as men.

 It is significant because it means that more young people than ever before are entering the world of finance with qualifications on their CVs, making them highly desirable candidates to employers. And they’re using these qualifications, too – statistics tell us that over half of all graduates working in finance are female. 

Why is this a problem, and what can we do about it?

There’s an assumption amongst many that women cannot work in finance. It comes mainly from the nature of the industry itself. The financial world is, after all, an incredibly competitive one and requires employees to be hardworking and determined. It’s only natural that employers might assume that women could never survive in such a dog-eat-dog environment with their supposed frailties regarding commitment and dedication.

The problem here is that, quite simply, this isn’t true. Women have several qualities that make them great employees – they’re highly intuitive and empathetic, allowing many women to excel in managerial roles. They also respond particularly well to communication from their managers – a benefit for both sides as communication is essential for a team’s day-to-day running.

There are many things that you only have to look at the statistics to realize – women are becoming better educated, they’re entering the world of finance in higher numbers than ever before, and they’re rising through the ranks at a staggering pace. If you want to work in finance, then now is an excellent time to do so.

Explore and Learn with Imarticus Learning

This ONLY FinTech MBA program covers every vital component of the industry while also providing hands-on experience with cutting-edge technologies like APIs, Blockchain, Cloud Computing, AI, Machine Learning, RPA, IoT, and Big Data. The widespread use of financial technology has dramatically transformed the global economy’s dynamics, leading to a surge in the need for qualified FinTech specialists.

Some course USP:

  • These financial technology courses are for students with placement assurance to aid the students in learning job-relevant skills.

  • Impress employers & showcase skills with fintech courses endorsed by India’s most prestigious academic collaborations.

  • World-Class Academic Professors to learn from through live online sessions and discussions.

Here’s why music created by AI is better than you think

Posted on by Imarticus Learning

Artificial Intelligence or AI is capable of carrying out tasks that are much more advanced than just arranging words to generate lyrics. AI already has the ability to offer an immersive listening experience by adapting to a user’s preference. As seen in Spotify and Apple Music for a long time, AI systems understand the user’s preference and recommend songs that the user will enjoy.

AI has gone a step further and now is also able to compose completely personalized music for users. AI can understand certain benchmarks such as harmony, structure, and balance, using which, AI models can generate songs or background music based on the input provided by the user.

Is AI Capable of Creating Better Music Than Humans?

If AI is able to compose music without human supervision, people who need background tracks or copyright-free songs might not need music producers or artists as much as they currently do. Purchasing AI-created music also is easier as there are no royalties while the music generation process would be faster and available on demand.

Yes, with vast amounts of data and training, AI can help in creating a very capable autonomous music generation system, however, it will still be relying on historic data and other pieces of music in order to generate future songs. But, due to the vast amount of data available, the probabilities are limitless and if taught to truly identify good music, AI can become capable of generating hit songs one after another using the very same data.

Even coming up with new songs are just mathematical likelihoods for AI and by analyzing enough combinations, AI is bound to come up with good music. Similarly, meaningful lyrics can also be generated with Natural Language Processing or NLP. However, it will take a while till AI systems become as sensitive to the context of lyrics and innovative in using musical notes.

How AI is Helping in Creating Music?

Even though completely AI-generated music has not reached the Billboards Top 10 yet, services such as AIVA uses AI and Deep Learning models for composing soundtracks and music for users. This helps both small content creators and mainstream celebrities generate music for YouTube, Tik Tok, Twitch or Instagram. This is a cheaper alternative as well. Amper is another great online tool for content creators and non-musicians to make royalty-free music based on their own preferences and parameters. Amper has been created by the music composers who are behind creating the soundtrack for movies such as ‘The Dark Knight’. 

Alex the Kid is a UK-based Grammy-nominated music producer who has used ‘heartbreak’ as a theme and with the help of Machine Learning (ML) and Analytics, has created the hit song ‘Not Easy’. The song even features celebrity music artists such as Wiz Khalifa, Sam Harris, and Elle King.

The hit song had reached the 4th rank in iTunes’ ‘Hot Tracks’ chart within 2 days of its release. Alex used IBM Watson for analyzing billboard songs of the last 5 years as well as cultural and socially relevant content, scripts, or artifacts in order for including references to these elements within the song. Then, the producer used Watson BEAT, the ML-driven music generation algorithm powering the cognitive system for coming up with various musical backgrounds till he found the most suitable combination. 

Conclusion

Artificial intelligence and Machine learning courses can definitely help one learn AI topics for getting involved in interesting projects such as those mentioned above. A Machine Learning and Artificial Intelligence course, such as one offered by Imarticus, are essential for building AI systems such as soundtrack generators or lyrics generators.