How the evolution of cloud computing is accelerating the opportunities in Fintech

How the Evolution of Cloud Computing is Accelerating the Opportunities in Fintech?

Cloud computing has changed how organizations of all sizes operate. Using cloud technologies, companies from all domains can provide services to their customers or users more effectively while making collaboration inside the organization easier. With the help of cloud computing, the financial sector has adopted more agile, holistic, and flexible business models. And, same is the case with the banking sector as well, which has evolved to provide faster services and interoperability with the help of cloud technologies.

Without the need for in-house IT resources anymore, fintech companies have also started benefitting from the 24×7 uptime and the ability to support millions of users simultaneously. A good fintech course or a fintech training course can definitely help one learn more about cloud computing for a career in fintech.

Further, the fintech industry relies on scalability and technologies that offer security and efficiency. Cloud computing cuts down costs by not requiring dedicated IT infrastructure and empowers the development of fintech services or applications (loan disbursal applications, payment gateways, stockbroking applications, etc.) while also enabling the continuity of these services and their related business operations such as customer service, analytics and database management.

A reduction in operational costs and the adoption of automation also help fintech companies increase their revenue. For instance, it is easier and cheaper to incorporate artificial intelligence, robotic process automation or automated analysis with the help of cloud technologies.

Benefits of incorporating cloud technologies in fintech

Here are some ways fintech companies of all sizes are benefiting from cloud computing:

  • Easier documentation, storage and sharing of financial information
  • Security, access control, encrypted systems and ease of monitoring
  • Compliance and more effective data governance
  • Ability to integrate automation technologies and scale projects
  • Effective data management and data segregation
  • Disaster recovery and systematic backups

How the evolution of cloud computing is empowering the fintech sector?

Here is how cloud computing is accelerating the opportunities in fintech:

Automation and self-service models: With more powerful cloud technologies, fintech companies are removing the need for manual work for both employees and users. It is also easier to incorporate advanced AI systems for self-service models which are especially useful during this pandemic. Working remotely and collaborating are also easier for employees with the adoption of cloud systems. 

 

  • Better security features: The cloud can be secured better and monitored more effectively. Updated cloud technologies are not being offered by companies such as Amazon and Microsoft alone, even small businesses are providing better data governance, encryption and access control. By educating employees and following the right protocol, fintech companies can avoid all kinds of data theft or cyber-attacks. With 360-degree cloud systems, data or services cannot be compromised physically. For example, one cannot take down a fintech application from inside the company’s office or destroy servers anymore.
  • Data management: With fintech companies targeting millions of people for using their applications or services, the ability to acquire and work with vast amounts of data is essential. Customers must be onboarded and verified while their data is used for account management and analysis of spending habits. Advanced cloud technologies are making it easier for companies to store this data for employees and AI systems to access it at any given time. This is removing the need for IT experts who need to periodically transfer financial information like in earlier times.

 

Unlike the previous decades, in modern times, companies are able to use high-speed internet connections, making it more efficient to use cloud systems and cloud storage. It makes tasks faster for fintech companies and reduces the need to buy expensive software and storage for multiple computer systems.

Tips To Become A Winning Financial Analyst With An Online Certificate Program 

Tips To Become A Winning Financial Analyst With An Online Certificate Program 

The BFSI (Banking, Financial Services, and Insurance) sector is one of the most dynamic and rapidly evolving sectors today. According to the Monster Employment Index, the BFSI sector has an annual growth rate of 54%. It is also rife with lucrative, well-paid job opportunities, provided you have the skills and acumen to excel.

Financial analysis is one of the thriving and coveted career paths. This profession demands superior quantitative skills, problem-solving abilities, a logical approach, and strong communication skills. However, ambitious financial analysts will need to upskill continuously to stay relevant in their domain and rise on the career ladder.  

One approach is to pursue a cutting-edge, comprehensive Financial Planning And Analysis Course. If you are a financial analyst seeking to make your mark in the financial world, here’s how an online finance course can impact your learning curve and help you realize your full potential. 

The growth potential 

The core skills of financial analysts can be applied in several contexts. However, most professionals have little exposure to these paths. Financial analysts today can choose from over 2,400 career transitions! Some of the upcoming opportunities include Asset Valuation Consultant, Financial Planning Lead, Equity Research Analyst, Project Finance Manager, Mergers And Acquisitions Senior Analyst,  Corporate Finance Manager, Business Valuation Consultant, Private Equity Finance Manager, and Asset And Wealth Management Associate. Career growth in financial analysis comes with the opportunity to be a specialist in your work, earn a higher remuneration, and grow your reputation and professional network.  

Invest in skill-building


Technology is a game-changer for most professions, and the reality is no different for financial analysts. The adoption of emerging technologies and regulatory changes has raised professionals’ stakes. Yet, most traditional college and university programs have not kept pace with these paradigm shifts in the real world. 

Financial analysts should consider pursuing a Financial Analyst Training And Placement program specifically designed to address these paradigm shifts to build contemporary industry skills and savviness. Such a program offers the necessary tools to help professionals take on more expansive roles in the industry. Strong industry connections and placement assistance also help you excel in the recruitment process and expedite your career progression. 

Choose the right program. 

A superior online financial planning and analysis course opens new doors to learning through hands-on experience. For instance, a rigorous case study methodology offers an opportunity for an immersive learning experience. This approach ensures that post-exposure to concepts, you get to understand their application in the real world via case studies post-exposure to concepts. 

Ensure that your chosen online finance course has a credible knowledge partner from the industry, such as a Big4 consulting firm, and faculty with strong credentials. The curriculum must go deeper into core subjects such as financial modelling, valuation, accounting, and equity research. Last but not least, the program must offer a certificate recognized by the industry. 

This is a powerful toolkit if you’re looking to specialize in corporate finance, investment banking, equity research, and Mergers & Acquisitions. 

Learn on the go 

Today, you can continue to earn alongside learning through structured, digitized online financial analysis and planning courses. You can learn from the comfort of your smartphone through a mix of instructional video content, engaging assignments, live virtual classes with real-time learning, and regular assessments. You can also consume blogs and byte-sized online resources. Learning becomes a vibrant, challenging journey alongside an engaged community of peers from your fraternity.

Find mentorship and community. 

One of the most valuable elements of online finance courses is the opportunity to find a mentor. Mentorship comes with several advantages. This is an individual not only with strong credentials but an individual who plays a supportive, motivational role through your journey. You’ll get access to insider tips and leads and find a thought partner to support you in projects, discussions, and during the placement cycle. Another valuable asset is the community you nurture as part of the experience, which comprises alumni, faculty, mentors, and your peer group. This is an excellent opportunity to build a fresh network. 

Fuel your career growth

The financial world is full of possibilities for financial analysts looking to grow and achieve new heights in their careers. Equipped with the right skill set and access to mentorship and networks, you can take your place at the cusp of innovation and work alongside the movers and shakers of your industry.  

Connect with us through chat support or drive down to our training centers in Mumbai, Thane, Pune, Chennai, Bengaluru, Gurgaon and Delhi to further learn about online programs that can fuel your career growth.