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Day: April 19, 2022

Gamification in financial analyst certificate program online

Posted on by Imarticus Learning

Gamification is a term that is popular in various sectors like education, healthcare, manufacturing, and the financial sector. Firms that provide financial services are constantly looking for new upgrades that will help them maintain the economic conditions of the industry.

A term that financial analysts are becoming familiar with is Gamification. Many solid online finance courses have incorporated gamified financial modeling and financial targets into their syllabus so that analysts can help companies make the experience of clients more interactive. Let us understand what Gamification means and what effects it has in the financial services industry. 

What does Gamification mean?

Gamification is a mainly customer-centric program. Its main goal is to help the customers reach their financial goals by also engaging them emotionally. Gamification recruits gaming techniques that make the process of doing business more appealing and interactive. This process is being appreciated worldwide by all sectors, especially by the millennials.

The traditional financial firms have a different approach to their services which does not match the expectations of the customers. Gamification has come as a solution to bridge that gap. It helps the firms get a clear understanding of their customers’ needs and use that to design better, more efficient services. The new design models have several parameters like marketing, responsive customer service, product development, and most importantly, education. 

As businesses are evolving with growing technology, gamification in financial services has become relevant to this day and age. Not only shortly but also, in the long run, gamification is something that financial analysts will have to use to help their customers achieve their financial goals. 

Why does gamification have an increase in interest?

Over the years and the course of the development of companies, gamification has seen an increased interest among various sectors, especially the financial sectors that require technology and smart devices to maintain their customers.

Here is the reason for the increase in interest:

  • The world is becoming more interconnected which has opened a vast number of opportunities for companies to connect with their customers more effectively. Consumers are using their mobile devices excessively and this has turned out to be the best way to connect with them.

  • Gaming has reached a different level of popularity. The online gaming community has more than 800 million users from across the globe and it is minting money. The success of this industry has proved that if businesses plan to go ahead with gamification, the chances of success are high. 

How can a financial analyst use Gamification?

The job of a financial analyst is to study financial data and use it to make big business decisions for companies. The process of Gamification is of utmost importance in this area to get better data and results, and to understand consumer behavior. Gamification can be used to educate the customers about the company’s products and services. It is a top-notch program to acquire more customers and retain them. 

Conclusion 

Gamification is revolutionizing the education sector since everything is becoming online. Many people are opting for online courses that can be accessed from the comfort of their homes. Some courses can help you better understand gamification such as holistic financial modeling courses and financial analyst courses.

Gamification makes every technique interactive and fun and encourages everyone to learn. Professors, as well as students, want to learn how to use gamification combined with other courses. This has led to a better teacher-student relationship. The importance of gamification can also be easily noticed by end-users and customers in neo-banking applications, where our financial goals and status are gamified.

The future of work in the age of cryptocurrencies

Posted on by Imarticus Learning

The last few years have witnessed a fluctuating state of cryptocurrency across the globe, right from seeing an immediate rise with the meme currency ‘doge coin’ to downright plummeting around 50% from its recorded highs. The idea of cryptocurrency might seem too far for many, but it is here, growing as a household name, on its way to taking over traditional monetary exchange methods.

Rapid digitization is pushing the easy transaction agenda, and cryptocurrency ticks all the boxes for it. Participation by big market names is only leading it to gain more traction. But what exactly does the future hold for cryptocurrencies?

With analysts estimating a growth triple the size of the current crypto market, its inclusion in various sectors is being scrutinized. Although owning a complex state and framework, cryptocurrency’s popularity is rising, and future work processes are more than likely to experience its effect.

The explosive investment in crypto is a sign of its forthcoming involvement in the work sector as organizations are steadily riding the crypto bandwagon. With crypto delivering diverse ways to handle financial processes, at times better than the traditional banking systems, people are heavily inclined towards its active usage. 

Institutionalization of Crypto

The snowball effect surrounding crypto takes massive credit for its readily growing success as market figures like Elon Musk endorse digital currency usage. In addition, global digital transaction leader Paypal has stepped into the arena as well, allowing users to sell, buy and hold cryptocurrencies as a payment option. Following suit, Visa and Mastercard are looking forward to a crypto supporting framework as well, introducing customers to the newly opted concept of a transaction. 

Besides growing popularity, cryptocurrency estimates a successful future in the age of work, becoming a new source of transactions, with its diverse set of advantages. 

Advantages of Cryptocurrency 

The rise of remote working has created trouble dealing with employee payroll. In addition, issues with cross-border transactions have always been a matter of concern as exchange rates can be substantially huge and face numerous discrepancies. Besides exchange rates, banking charges are another hassle organizations often deal with.

The introduction of cryptocurrencies simplifies the process to a great extent with its public transaction and little-to-no processing fee or exchange rates. One doesn’t need to assess dozens of currencies if transactions occur through crypto; therefore, many organizations are looking forward to its acceptance in the workplace.

Drawbacks of Cryptocurrency

Crypto has its share of drawbacks as well, preventing it from experiencing an immediate rise in workspaces. The foremost hindrance to its growth is its complex framework. Although gaining popularity among the masses, crypto is still a mystery for common working people, unaware of digital trends. One of the most common criticisms cryptocurrencies face is holding no inherent value. 

Climate change is a rising concern among people, with individuals trying their best to inhibit carbon emissions. At a vulnerable time as such, usage of cryptocurrency can reap negative implications. Assimilation of crypto in the future image of work is expected to invite greater expenses on electricity associated with greater environmental impact. 

What’s the Verdict?

Regardless of inflicting harm or benefit, crypto has risen as one of the most popular digital currencies and will continue to do so in the future. As crypto has spread its wings and gained popularity among the masses, it is bound to be the future of work, with ease of transaction. Although the masses are skeptical about its use, the technology is slowly seeping into the work culture as organizations continue using it. 

People interested in educating themselves through a cryptocurrency course can explore Fintech Certificate Online for learning opportunities.

What are the 7 C’s of Credit?

Posted on by Imarticus Learning

The Cs of credit is different aspects on which a bank or a lender judges if the borrower is reliable. There are 7 Cs and if the borrower meets the criteria, then they are eligible for credit. To ensure this, many companies hire professionals to conduct credit risk assessments. These professionals gain their expertise after completing credit risk management courses that prepare them to handle complex situations. 

Get to Know the 7 Cs of Credit

 

  • Cash Flow

 

Cash flow refers to how profitable a business is and if those profits can be presented to the bank. Steady cash flow requires a bookkeeping system that will help business owners provide the data to the bank. This will help to generate financial statements from the available data. To determine the condition of cash flow, it is important to understand cash flow calculation so that all data is accurate. 

 

  • Capacity

 

This is another important aspect of credit. It is necessary to know if a business owner is capable of running their company and if the team is functioning at full capacity or needs more members to get work done. The easiest way to determine that is by assessing how much work has been done in a year and if the business is operational without any issues. 

 

  • Commitment

 

It is necessary to evaluate one’s commitment to one’s business. There will be tough times but these can be overcome with proper strategies and business tactics. Business owners need to be invested in the growth of their company. 

 

  • Character

 

The character of the business owner is of utmost importance when it comes to getting credit. The bank takes into account if the person had taken any loans or credit before and if all payments have been done on time. With reliable references, the bank can easily judge a person’s character and will be more comfortable providing credit or giving a loan. 

 

  • Collateral

 

Before starting a business, every business owner needs to understand what collateral they can offer. The collateral can be business or personal, especially if it is property owned by themselves and not by a family member or acquaintance. 

 

  • Capital

 

Every business needs to have funds to function properly. Capital should not only be set aside for emergencies but also to improve the quality of business and the services provided, without having to compromise. 

 

  • Conditions

 

The conditions of the market or the industry can affect credit. If the industry is safe and the market is profitable, then the banks are more likely to approve loans. The conditions are also dependent upon the nature of the product or service. If a business has a product that will draw customers, profits are bound to increase. 

A credit analyst course with credit risk assessment will prepare students to tackle these 7 Cs. Imarticus Learning offers a Prodegree on credit risk and underwriting, and it is aimed at teaching students to conduct accurate financial analysis and manage loans in the current credit landscape. 

Why are credit risk and underwriting courses important? 

Now, many students may ask why a course in credit risk and underwriting is important. The answer is that every company needs to have such an assessment done and invests in credit managers to stay on top of the game. Therefore learning cash flow calculation, credit administration, and underwriting can lead to lucrative job offers. Credit risk and underwriting or CRU is a course with a curriculum that has been endorsed by industry experts and it comes with a mentorship program. These two aspects of the program help students develop specialized skills and gain industry experience. 

Imarticus Learning’s credit analyst course provides an industry certificate in collaboration with Moody’s Analytics. The live lectures with instructors are great for developing interactive skills. As a part of these credit risk management courses, Imarticus Learning offers 5 case studies where students are encouraged to use the latest trends in credit management and come up with solutions. Students are prepared for interviews.