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Bringing Crypto Transaction Under the AML Lens in India

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Governments worldwide are strengthening bitcoin anti-money laundering (AML) legislation while the private sector continues to innovate and personalise financial services. On the other hand, the technology that powers bitcoin can potentially extend payments by leveraging technological improvements for public policy goals. 

The implementation of government-controlled digital currencies is still under debate, clouded by the fear that its potential abuse by unscrupulous individuals may pose economic difficulties. Consumers and investors may gain from cryptocurrency, but criminals can exploit it and pose financial concerns.

Implementation of anti-money laundering measures in India

The Indian government has notified all interested parties about the need to comply with the country’s Anti-Money Laundering (AML) statute while conducting cryptocurrency transactions. A notice from the Ministry of Finance bringing certain cryptocurrency transactions within the Prevention of Money-Laundering Act (PLMA) 2002 was issued in the Indian Gazette on March 7, 2023. This includes trading, moving, storing, and managing virtual assets. 

The PMLA would apply to all domestic cryptocurrency businesses. This is a significant step in regulating the cryptocurrency market in India since it requires all crypto companies to include sufficient KYC, transaction monitoring, and other systems in their operations.

Anti-money laundering (AML) regulations in India

Here are some key points:

  • All reporting entities are subject to AML requirements under the PMLA and the PML rules, which include client identification, Customer Due Diligence (CDD), customer acceptance, and record keeping.
  • Securities and Exchange Board of India (SEBI) has developed specific know-your-customer (KYC) criteria and guidelines for financial intermediaries and investors in the securities market.
  • The Reserve Bank of India, SEBI, and the Insurance Regulatory and Development Authority of India take the mantle in dealing with money laundering issues and set anti-money laundering standards by the PMLA rules.
  • The AML/CFT system in India is still in its infancy. The PMLA was created in 2005 and revised in 2009.
  • All firms are subject to the SEBI AML Guidelines, and the RBI managing director must adopt AML and KYC procedures for client acceptance and identification.
  • India’s AML statute has been updated as reporting entities to cover banking intermediaries, financial firms, and accounting professionals such as Chartered Accountants and Company Secretaries.

Why do crypto transactions require AML compliance?

Crypto transactions require AML compliance due to their anonymous and global nature. Financial institutions must monitor customer transactions, report suspicious activity, and verify customers’ identities. Effective AML regulations make money laundering less profitable and riskier. The crypto industry needs to be AML and KYC-compliant to improve trust.

What are the penalties for non-compliance with AML regulations in India?

Investment Banking course

It is important to note that the Indian government has lately implemented anti-money laundering restrictions on cryptocurrency platforms and transactions involving virtual digital assets to discourage criminal conduct, encourage income disclosure and financial transparency, and prevent terrorist financing. In India, the repercussions for violating crypto rules may range from a maximum fine of Rs 20 crore to 1.5 years in jail. To avoid penalties, crypto companies in India must comply with national AML regulations and perform necessary KYC and transaction monitoring as part of their process.

Challenges and concerns for crypto transactions under the AML lens

AML challenges and concerns for crypto transactions are as follows:

  • The use of cryptocurrencies may expose users to a variety of hazards, including fraud, economic penalties, and money laundering.
  • Cryptocurrency transactions may provide a greater risk for money laundering because of their inherent anonymity, cross-border nature, and absence of centralised services.
  • The crypto industry’s AML requirements are constantly evolving. There are nations with little to no AML legislation that criminals exploit to quickly transfer virtual assets across borders and launder money via Virtual Asset Service Providers.
  • Every organisation participating in bitcoin transactions is subject to AML requirements, depending on the geographical jurisdiction and the nature of the transactions.
  • Compliance with AML laws may generate end-user misunderstanding and complicate types of crypto transactions.
  • Some US states have also passed AML legislation that applies to bitcoin firms operating inside their borders, confusing the legal environment even more.
  • Cryptocurrency companies must know the cryptocurrency regulatory framework in each jurisdiction they operate.

The future outlook for AML compliance in crypto transactions in India

India’s PMLA was recently revised to include digital assets, making cryptocurrency exchanges, non-fungible token (NFT) marketplaces, and custodial service wallet providers legally liable for monitoring suspicious financial activities. Cryptocurrency exchanges must conduct transaction due diligence and report suspicious or high-value transactions to authorities.

The decision to include crypto transactions in the AML framework is a massive step towards regulating the Indian crypto sector. It will aid in preventing money laundering and other financial crimes associated with bitcoin transactions. To comply with the new rules, bitcoin firms must spend on technology and resources. Overall, this is a fantastic start toward building a safe and secure environment for crypto transactions in India.

Conclusion

The Imarticus Learning Certified Investment Banking Operations Professional programme is a 150-180 hour curriculum designed to prepare students for careers in investment banking operations. Financial management, middle and back-office operations, KYC, anti-money laundering, investment services, and internet banking activities are all included in the curriculum. 

This course is perfect for finance graduates with 0-3 years of work experience.

6 Reasons Coding Bootcamps Are Great For Career Changers

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A report says that individuals who have completed coding bootcamps have a median salary increase of 56%. Coding bootcamps are the turbocharged training programmes that exploded onto the scene in the 2010s. Offering a fast track to tech careers, they’re the rebellious siblings of traditional college. With legions of success stories, these intensive programmes have become the go-to choice for tens of thousands of eager learners.

tech bootcamp benefits in corporate training

Now, for people wondering if they can change careers after coding bootcamp, yes that’s possible. How? Here are a few reasons why coding bootcamps are a great opportunity for career changers.

Benefits of tech bootcamps for career changers

  1. Emphasis on Practical Skills

Coding bootcamps are all about one thing: getting you into the exciting world of tech. Forget theory, these courses are all about hands-on skills that actually matter in the industry. From cutting-edge languages to the latest trends, you’ll be in the know. Plus, they’re always up-to-date. So, when new tech pops up, you won’t be left in the digital dust. By the time you finish, you’ll be coding like a pro and have a solid base to keep levelling up your tech game.

  1. Provide Career Support

Coding bootcamps go beyond teaching you the technical stuff. They’ve got your back when it comes to your career too. With workshops and mentorship, they cover all the bases. From resume reviews to acing tech interviews, they’ve got you covered. They know what it takes to break into the tech industry, and they’ll make sure you’re equipped with the right skills and knowledge to kickstart your job search. Your tech coach will be there every step of the way, helping you bridge the gap between bootcamp and landing that dream job.

  1. Focus on In-Demand Jobs 

The courses that coding bootcamps offer will make individuals capable of meeting the current job demands. Completing a coding bootcamp will open doors to many job titles or positions in the tech field. As each day passes, the jobs in the tech field keep on growing. In that case, people will not find it difficult to find a job in the industry that meets their requirements.

  1. Opportunity to Build a New Life

If you’re looking to make more money in your career, coding bootcamps are the way to go! They offer job security and higher salaries compared to those without bootcamp experience. After putting in long hours of intense training, you’ll be well-prepared for job interviews that come with great pay. So, why wait? Dive into coding, boost your earning potential and take your career to new heights! It’s time to level up and embrace the exciting world of coding bootcamps.

  1. Help in Networking

Apart from the learning support and mentorship, coding bootcamp is also a great place to build connections. You can make great professional connections and network with them. You can work on different projects with like-minded peers. Additionally, they get the opportunity to interact and learn from different mentors and instructors.

  1. Build a Great Tech-related Portfolio

During the training, you will be able to put together an excellent portfolio that you can show to employers. The individual and group projects you work on will be included in this portfolio. As all these programmes are based on modern programming languages and technologies, you can impress employers.

A coding bootcamp is a great opportunity for people who are looking for better career options and great salaries. It will help them in securing a top position in the tech industry. For more details on coding bootcamps, visit Imarticus Learning.

Is It Worth Doing the Executive Programme from IIM?

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Executive Program from IIM

IIM Executive programs offer a short-term but efficient solution for everyone looking for an MBA program. These have proved to be a special boon for professionals who want a career boost without taking a break. It offers the same learning as a full-term MBA program, but in a summarised and to-the-point way. If you are confused as to whether an IIM executive program would be beneficial for you or not, read on.

Is it worth pursuing the IIM Executive Program?

For professionals seeking career advancement, pursuing an executive program from IIM Cacutta Executive Program is a wise decision that offers several compelling benefits. The IIM Calcutta Capital Market course is the perfect choice for the same.

Best Option for Professionals

The executive program works well for professionals who have just lost their jobs and don’t want to lack in their resumes. It adds value, fills the gap, and shows hiring companies your willingness to grow.

It is also a good option for professionals who want to upskill continuously without losing their jobs. The executive education programs offer more flexibility and are more or less self-paced. So, it sets a great tone for working professionals. It summarises the MBA topics and is perfect for professionals with working experience.

If you are ambitious, your career is on the upswing, and you are looking to turbo-charge your resume, an Executive MBA would be your best choice. Unlike a full-time MBA, where the students are younger and relatively inexperienced, an executive MBA program is curated for professionals with years of work experience. The best part is that it is a flexible program that allows you to keep your full-time job while pursuing your degree.

Peer Networking and Placement

You also get to network with peers with similar interests and goals. It increases the vastness of your network and offers ample opportunities for the future with better networking. Cross-industry peer networking ensures that you can switch according to your interests in the future. Placement is also known to be better at the IIMs. Since they specialise in MBAs, more companies flock to IIMs for better hiring results. IIM Calcutta Executive Program conducts many such networking events & seminars.

Alumni Status and Certification

One of the best perks of an executive program from IIM is that you get to boost your curriculum with the IIM executive program. As an alumnus of an IIM, you also become a part of the immersive campus learning experience. It raises the bar on your resume. You also get certification, which is a definite boost to your resume.

Increased Salary

The median salary of an MBA professional is higher when compared to one who has not completed one. If you are looking for a salary increase, then an IIM Executive Program could be your best choice. It helps you to keep working while pursuing a better salary.

Management Training

If you want to advance your career, the IIM Executive Program is a great option. It provides practical training with real-life examples and career support. Plus, it helps you prepare for job interviews and assessments.

Why Choose Imarticus Learning?

Imarticus Learning offers Executive Education Program by IIM Calcutta. The IIM Calcutta Executive Program offers a lot of perks when compared to other executive programmes. With the program, you get a chance to become an alumnus of IIM Calcutta. It also enables better peer networking through campus immersion.

The curriculum for this IIM Executive Program has been designed by industry experts. The unique curriculum enhances the investment banking and capital market knowledge of students. The mode of training for the IIM Calcutta Executive Program is online to offer more flexibility to the learners.

Candidates with at least 2 years of work experience and a graduate degree are preferred, although those with a diploma and significant work experience can also apply for this program.

An IIM Calcutta Capital Market course is a game-changer for your career. You’ll work on capstone projects, connecting your studies to community issues. Plus, you’ll earn skill-enhancement certifications and enjoy the benefits of a digital campus.

In just a year, you’ll gain foundational and advanced knowledge of global capital markets and investment banking. You’ll delve into mergers and acquisitions, debt and equity capital markets, portfolio management, sales and trading, and securities regulations.

This is an exciting opportunity to boost your career with hands-on experience, practical skills, and a prestigious certification.

The topics of the course include:

  • Financial accounting and analysis
  • Financial management
  • Debt capital markets
  • Equity capital markets
  • Mergers, acquisitions and restructuring
  • Portfolio fund management
  • Securities market research and valuation
  • Securities market sales and trading
  • Securities market regulations

After completing the program, you will also receive career support, which includes placement. Career support also includes mock interview sessions, resume-building classes, and more.

Imarticus Learning has helped place more than 56,000 students and enabled 45,000+ career transitions. That is not all. To provide the best assistance in the competitive job market for our learners, we have collaborated with more than 500 industry leaders as our partners for maximum placement opportunities.

For more information on the IIM Calcutta Executive Program, click here.

Become a CMA in A Few Steps

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The CMA or Certified Management Accountant is a globally reputed designation in high demand but relatively low supply. The designation is a lucrative career option for accounting professionals, thanks to its international appeal and high income-generating aspects. 

Although certification is not necessary to become an accountant, the CMA certification offers individuals a host of perks that a bachelor’s degree in Accountancy won’t accord. CMA’s are known to earn 58% more than those without certification. 

certified management accounting course

If you want to become a CMA but don’t know where to start, this comprehensive guide is just for you. Read on to learn the basic steps to build your career as a certified chartered accountant.

10 steps to prepare for the role of CMA

Acquiring a Certified Management Accountant (CMA) designation presents multiple employment prospects and gives an edge over peers in the accounting and finance fields. This globally recognised certification requires extensive accounting and financial management knowledge. 

Here is a list of ten steps to become a CMA:

Step 1: Completing the academic requirements

A bachelor’s degree from an accredited college or university is essential to become a CMA. A professional certificate such as CPA, ACCA, or CA is also an accepted educational qualification to gain a CMA certification.

Step 2: Join the IMA

IMA, or Institute of Management Accountants, is the professional institution that grants the CMA certification to successful candidates. The stepping stone to becoming a CMA is to join IMA. Pay the membership fee and become an IMA student member.

Step 3: Learn about the CMA exam pattern

The CMA test is divided into two sections and each comprises 100 multiple-choice questions or MCQs and two essay-type questions. Part 1 addresses Financial Planning, Performance, and Analytics, and Part 2 deals with Strategic Financial Management.

Step 4: Study for the exam

To assist you in your preparation for the CMA exam, there are several study materials and review courses available. You may train with textbooks, online courses, or a review course. It is imperative to create and follow a study plan.

Step 5: Plan the exam

The CMA exam can be scheduled through Prometric, IMA’s testing partner. You can select the date and venue as per your convenience.

Step 6: Clear the examination

To pass, you must score at least 360 out of 500 on every part of the exam. You will get your results instantly after the exam, and if you pass, you will be issued your CMA certificate.

Step 7: Obtain necessary job experience

You must possess at least two years of relevant work experience to become a CMA. You can obtain the necessary experience either before or after passing the exam.

Step 8: Submit an application for CMA certification

After passing the exam and gaining relevant work experience, you can apply to get your CMA certification. Submit your completed application form, pay the certification fee, and show documentation of your education and professional experience.

Step 9: Follow the IMA Code of Ethics

As a CMA, you must follow the IMA Code of Ethics. The code of ethics establishes the moral and ethical standards that every CMA must conform to.

Step 10: Keep your certification updated

Each year, you must complete 30 hours of continuing professional education (CPE), including two hours of ethics lessons, in order to preserve your CMA certification. You must also pay the IMA’s annual membership fee.

Becoming a CMA is a demanding process that necessitates dedication, hard work, and a commitment to continuous learning. However, it can be a financially rewarding professional path with several chances in the accounting and finance fields. Following these ten steps can help you become a Certified Management Accountant and advance your career.

Why choose to become a CMA?

Choosing to become a Certified Management Accountant requires clear sight and hard work since the CMA exam is one of the toughest to pass worldwide. However, the certification accords candidates with a number of benefits, some of which are listed below:

  • Career advancement
  • Increased earning potential
  • Prestige and recognition
  • Global opportunities
  • Enhanced skill and knowledge
  • Networking opportunities

Conclusion

Deciding on a career path is taxing and needs careful consideration weighing all the factors and investments it would require. A US CMA certification is as prestigious as it is challenging. It requires lifelong dedication and perseverance. Hence it is not to be taken lightly. If you do wish to become a CMA, enrolling for a suitable course to prepare you for the exam is the best option.

Imarticus Learning’s Certified Management Accountant course prepares candidates for the advanced CMA exam. The programme offers pass protection and a comprehensive pre-placement boot camp, resume-building services, and interview preparation sessions. Learn from experienced faculty members with CMA, CPA, CFA and CA qualifications and pass the strenuous exam stress-free with flying colours. 

Visit the website today!

10 Ways a Leadership Programme Can Improve Supply Chain Professionals

Posted on by Imarticus Learning

The supply chain is critical in meeting customer expectations, reducing costs, ensuring quality and safety, managing risks, supporting innovation, and driving sustainability. It is a crucial component of most businesses and contributes significantly to their success.

A leadership programme for supply chain professionals is designed to enhance their skills, knowledge, and leadership abilities to lead their teams and drive business success. 

If you wish to advance your career in supply chain, this blog is for you. We have discussed in detail the benefits of a leadership programme for supply chain professionals. 

Supply Chain: A Definition

A supply chain is a network of businesses, people, events, information, and assets that produce and deliver goods or services. It includes all the actions and procedures necessary to procure and convert raw resources into completed goods and distribute them to final consumers.

The supply chain consists of several steps, including the acquisition of raw materials, manufacture, transportation, warehousing and storage, and distribution to merchants or final consumers. Demand planning, inventory control, order fulfilment, and customer service are additional procedures included in supply chain management.

How does a supply chain function?

The supply chain involves various entities, including suppliers, manufacturers, distributors, wholesalers, retailers, and logistics providers. These organisations collaborate to ensure that goods are delivered to clients promptly, effectively, and economically.

A company’s success depends on how well its supply chain is managed because it affects important performance indicators, including customer happiness, operating costs, and profitability. To ensure the efficient flow of goods and services from the supplier to the customer, effective supply chain management requires integrating and coordinating all supply chain operations and procedures. 

Why should you pursue a career in supply chain management?

global chief supply chain management course

There are numerous prospects for development and success in a career in supply chain management. Supply chain specialists are responsible for managing the flow of products and services from suppliers to customers. They are essential in ensuring that goods are delivered on time, in the appropriate amount and quality, and at a reasonable cost. They must also ensure the proper storage of raw materials and final products to prevent damage.

What is a leadership programme in supply chain management?

A leadership programme for supply chain professionals is a training programme designed to develop leadership skills and capabilities in individuals who work in supply chain management roles. The programme often combines classroom instruction with workshops, mentoring, and opportunities for on-the-job learning.

Developing the skills and competencies necessary to lead and manage supply chain operations effectively is the core goal of a leadership curriculum in supply chain management. Topics, including supply chain strategy, logistics and transportation management, inventory management, procurement and sourcing, and supplier relationship management, are frequently covered in the training.

A leadership curriculum on supply chain management especially focuses on building soft skills like communication, cooperation, problem-solving, and decision-making, in addition to technical skills. These abilities are essential for effective leadership in supply chain management roles as they allow supply chain professionals to collaborate effectively with cross-functional teams and external partners.

A list of ways a leadership programme can upskill supply chain professionals

Develops strategic thinking: Leadership programmes help supply chain professionals to think beyond day-to-day operations and focus on strategic planning to drive growth.

Enhances decision-making: They train professionals to make sound decisions by providing the necessary tools, frameworks, and processes to evaluate options.

Builds communication skills: Communication is vital in the supply chain industry. Leadership programmes help professionals to develop their communication skills, including writing, speaking, and active listening.

Encourages collaboration: Supply chain management requires a team effort. Leadership programmes promote collaboration and teach tactics for managing diverse teams.

Fosters innovation: SCM requires an innovative approach to overcome challenges. Leadership programmes encourage professionals to think creatively and develop new ideas.

Improves risk management: Supply chain professionals must predict and manage risks effectively. Leadership training provides the necessary tools to identify and mitigate risks proactively.

Enhances technical skills: Leadership programmes provide training on the latest technology and software used in the industry, enabling professionals to remain up-to-date on the latest trends.

Builds cross-functional expertise: SCM involves working with various departments, such as finance, marketing, and operations. Leadership programmes equip professionals with cross-functional knowledge to work effectively with colleagues in other departments.

Develops emotional intelligence: Programmes focused on leadership training teach professionals to develop empathy and understand their emotions, improving their ability to manage stress and relationships.

Promotes career advancement: Leadership programmes open new career opportunities, allowing supply chain professionals to advance to leadership roles within their organisations or move to a new company.

Conclusion

If you are a professional with several years of experience in supply chain management roles and want to climb the career ladder or revive your career, enrol in Imarticus Learning’s Global Chief Supply Chain And Operations Officer course designed in collaboration with IIM Raipur.

This 10-month-long programme, focused on building leadership skills, prepares candidates to handle C-suite roles effectively. Additionally, candidates can enjoy the status of IIM Raipur Executive alumni and learn firsthand from industry experts.

Visit the website for more details.

Consumer Behaviour Analysis- Definition, Patterns & Types

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Consumer behaviour analysis is an integral part of marketing strategies because it offers significant insights into customers’ purchasing decisions. Businesses can customise their marketing efforts to effectively engage and impact their target audience by studying consumer behaviour patterns and kinds. 

global chief marketing officers course

In this post, we will look at the definition of consumer behaviour analysis and several patterns of consumer behaviour in marketing and categories of consumer behaviour. 

A brief overview of consumer behaviour analysis

Consumer behaviour analysis is the qualitative and quantitative examination of how customers interact with businesses and make purchasing decisions. It entails watching and analysing consumer behaviour patterns, preferences, motivations, and demands to gather insights that will assist organisations in developing effective marketing strategies and providing personalised experiences. Businesses may forecast trends, predict consumer preferences, and design more effective marketing efforts by analysing consumer behaviour.

Patterns of consumer behaviour

Consumer behaviour can follow various patterns, and businesses must understand these patterns to effectively communicate with their target audience. Let’s look at some prevalent consumer behaviour patterns:

  1. Habitual Buying Behaviour: Habitual buying behaviour is defined as customers purchasing products or services regularly out of habit or routine. These customers are less involved in the decision-making process and prefer to stick with well-known brands or items. Marketers who target consumers with habitual purchasing behaviour focus on establishing brand loyalty, maintaining product consistency, and developing convenient purchasing experiences.
  2. Variety-Seeking Behaviour: This occurs when consumers actively seek out new experiences, products, or brands. These customers love experimenting with new products and are less committed to specific companies. To catch the attention of consumers who crave variety, marketers must emphasise product differentiation, novelty, and the opportunity for unique experiences.
  3. Dissonance-Reducing Buying Behaviour: When consumers have post-purchase uncertainties or worry, they engage in dissonance-reducing buying behaviour. This is typical when the purchase entails a high level of engagement, risk, or big investment. Marketers can decrease dissonance by providing after-sales support, warranties, and guarantees and reinforcing favourable client experiences.
  4. Complex Buying Behaviour: Complex buying behaviour refers to scenarios in which consumers are involved and invested in the purchase choice. This is typically noticed when consumers acquire expensive, high-risk, or rarely purchased products. Marketers targeting consumers with complex purchasing habits must provide thorough information, comparative tools, and professional advice and create trust and credibility to facilitate the decision-making.

Factors affecting consumer behaviour

Various factors influence consumer behaviour, influencing consumers’ purchasing decisions and consumption patterns. Understanding these elements is critical for companies developing effective marketing strategies. Let’s look at some of the primary elements influencing customer behaviour:

  • Psychological Factors

Psychological factors influence consumer behaviour significantly. Human psychology, emotions, motivations, perceptions, and attitudes towards items and brands can all significantly impact purchasing decisions. Among the most important psychological aspects are:

  • Perception – Customers perceive items or brands based on sensory inputs and interpretation of information.
  • Motivation – The underlying wants, desires, and urges that lead people to seek out and buy specific products or services.
  • Personality – Individuals’ distinct qualities, habits, and behaviours that impact their preferences and purchasing decisions.
  • Learning – The process by which consumers gain knowledge, attitudes, and behaviours from their experiences, observations, and information sources.
  • Attitudes – Consumer beliefs, opinions, and evaluations of products, brands, and marketing messages.

  • Social Factors

Humans are social beings influenced in their purchasing decisions by others. The influence of society, culture, reference groups, family, and social standards on consumer behaviour is referred to as social factors. The following are important social factors:

  • Culture – A specific group’s or society’s common beliefs, values, practises, and behaviours that impact consumer preferences and purchasing habits.
  • Reference groups – Individuals or groups that customers look up to or associate with and whose ideas and behaviours affect their purchasing decisions.
  • Family – The family unit, including immediate family members, significantly impacts consumer behaviour, particularly when it comes to home purchases.
  • Social class – Individuals’ purchasing behaviour and tastes can be influenced by their socioeconomic standing, occupation, education, and income level.

  • Personal Factors

Personal factors are traits unique to each individual which influence consumer behaviour. These factors can differ from person to person, influencing perceptions, preferences, and decision-making processes. Among the most important personal factors are:

  • Age and life stage – Each age group has different demands, tastes, and spending power, influencing their purchasing behaviour.
  • Gender – Gender can impact product preferences, shopping habits, and purchase decisions.
  • Lifestyle and interests – Consumers’ lives, hobbies, interests, and activities might influence their purchase habits and brand selections.
  • Personality traits – Character traits such as extroversion, introversion, risk-taking propensity, and innovativeness can all impact customer behaviour.

  • Economic Factors

Economic factors influencing consumer behaviour include the impact of the economy, income levels, and financial situations. Among the most important economic factors are:

  • Income and financial situation – Consumer purchasing power and financial freedom greatly impact their shopping decisions.
  • Price and affordability – When making purchasing decisions, consumers examine product prices, discounts, promotions, and affordability.
  • Economic conditions – Economic conditions like recession, inflation, or economic growth can impact consumer confidence, purchasing habits, and preferences.

Conclusion

Understanding consumer behaviour in marketing is essential for businesses to develop effective marketing strategies that resonate with their target audience and drive business growth. CMO training programmes can help those in the marketing industry to master consumer behaviour analysis.

Enrol in Imarticus’s Strategic Chief Marketing Officers Programme offered in collaboration with IIM Raipur to achieve new heights in your career.

Using HTML5 Data Validation for Web Applications

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Data is of utmost importance in the age of innovation and technology. We often enter the wrong type of data in a particular space, leading to many future mistakes. So, when entering data, we must ensure it is of the correct type or form. We can use HTML5 for data validation. Several web applications use HTML5 for validating data on the client end. 

Full Stack Developer course

HTML5 is the latest version of the HTML standard. It came into force in 2006. Notably, HTML5 data validation is a procedure that allows the browser to execute client-side validation without using JavaScript. HTML5 data validation is not as customisable as the JavaScript-based validations. HTML5 is one of the best tools for web development. 

In this article, we will discuss the scope of HTML5 data validation in detail.

What is data validation? 

Data validation is a procedure to ensure that a given set of data is accurate. It also verifies the quality of the data before using it. While moving or processing data, it is common to get corrupted. Data validation is crucial as it prevents data loss and helps to achieve accurate and consistent data.

What are the different types of data validation? 

There are several types of data validation. These checks ensure that data is correct. Here are a few of the data validation checks: 

  • Checking data type

This type of check ensures that the “type” of the entered data is correct.

  • Checking data range

This check ensures that the entered data falls into the predefined range.

  • Checking code

This check ensures that the entered data follows a particular rule of formatting.

  • Checking consistency

A consistency check confirms that the entered data is logically consistent.

  • Checking format

A format check ensures that the entered data has the correct format.

What are the advantages of using HTML5 for data validation for web applications? 

User-friendly is the term we should keep in mind while designing or developing a webpage or web application. Web applications are stored on remote servers and delivered through various browsers. Although some web applications run on specific browsers, most can run on any browser. Using HTML5 for data validation ensures that the application becomes easy to navigate. Here are a few advantages that HTML5 data validation offers:

  • Clarity

HTML5 is easier to understand and comes with some free functionality that makes the development procedure easier.

  • For devices of various screen sizes

The files of HTML5 form validation are usually lighter than the non-semantic spaghetti code. It makes them more responsive in a variety of screen sizes.

  • SEO friendly

The search engines using HTML5 emphasise keywords in headings and links, making them more SEO-friendly.

  • Reduced load

Using HTML5 reduces the load on the network and the server.

How does HTML 5 data validation work? 

We can use HTML5 for various kinds of web applications which require several inputs. Forms are an excellent example. An HTML5 application consists of HTML, Cascading Style Sheets (CSS) and JavaScript files. Below we will elaborate on how HTML5 works:

Setting up data validation with HTML5

Here we will discuss how HTML5 validation works to simplify web application development. Various functions help in data validation. Some of these are:

  • Required

The input “required” can be used to make fields mandatory. For example, while filling in any job application form, the field “first name” is marked as “required”.

  • Type

The input “type” can be used to restrict the type of data required. 

  • Length of data

We can use some inputs to restrict the length of the data. For example, we can use the inputs “minlength” and “maxlength” for text data. Similarly, we can use the inputs “min” and “max” for number values.

  • Pattern of data

We can use the input “pattern” to specify the data pattern needed to match the entered data. For example, while entering “email”, there is a specific pattern that we need to follow.

Now, we need to assign two pseudo classes. These are:

  • If the values entered in the fields above match HTML5 validation, then we can assign it to the pseudo class “valid”. After this, if the user wants to send the data, the browser will submit it.
  • If the values do not match, then we can assign it to the pseudo class “invalid”. In this case, when the user tries to send data, the browser will block it and show an error message.

Conclusion

If you are interested in HTML5 for data validation, then consider a career as a full-stack web developer. You can land lucrative job offers as full-stack web development is in demand.

Check out the Full Stack Developer Pro course brought to you by Imarticus. It will let you learn the details of data structures and algorithms. The programme offers in-depth knowledge of front- and back-end development of web pages. With a duration of 6 months, the course is taught in hybrid mode, that is, both online and offline, perfect for working professionals and final-year students. 

Financial Services Guide 101

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Financial services are an indispensable aspect of modern life. Nearly everyone uses financial services in some capacity, from basic banking to investment and guidance. Financial services will become more widespread in the coming years as fintech and Big Data continue to expand and evolve. 

Capital Market Course

The financial services sector is the driving power of a country’s economy. The stronger it is, the more developed a country will be. In addition, the scope of financial services extends to excellent employment opportunities with great pay scales. 

This blog will give detailed answers on what are financial services, how to use them, and recommendations for money management.

What are financial services?

Financial services encompass a wide spectrum of business operations catering to the financial needs of organisations, governments and individuals. Every institution catering to our financial needs falls under this sector, from commercial and non-commercial banks and credit unions to stock brokerages, insurance companies and asset managers. 

With the emergence of financial technology, the financial services sector has received increased attention in recent years. It has enhanced, simplified, digitised, and altered traditional financial services.

How are financial services used?

The service in question will determine the manner in which you use financial services. Here are some of the most prevalent methods of receiving financial services:

Banking: It is the most used service across the financial sector. The most common use of banking services is opening a savings or checking account to manage and save money effectively. Apart from this, other financial services provided by most banks and credit unions include loans and credit cards.

Insurance: Purchasing insurance to safeguard your wealth, health, and assets is another example of financial services. The different types of insurance available include property, health, car, and life insurance. These products protect individuals and businesses from unforeseen circumstances like accidents, illness, injury, natural disasters and theft.

Investment: Investing in stocks, mutual funds, bonds and other assets to earn a profitable return is a prime example of availing financial services. Brokerages, investment firms, and banks design these products to help businesses and individuals achieve long-term financial goals and grow their wealth.

Financial Planning: The scope of financial services is not limited to the products mentioned above. It extends to financial planning, which involves creating a roadmap to achieve financial goals. Financial planners help clients create a budget, plan for retirement and manage investments based on a client’s income, expenses, debts and other financial factors.

Choosing a financial provider

Given the many options available, selecting a financial service provider can be overwhelming. Here are some aspects to keep in mind while selecting a provider:

  • Reputation ⎼ Search for a reputable service provider in the chosen industry. Check their online reviews to know what customers say about their services.
  • Experience ⎼ Choose an experienced service provider with long-standing practice and knowledge in the sector. For instance, if you require insurance advice, look for an agent with a background in insurance. 
  • Fees ⎼ Once you select your service provider, check their fee structure and understand how it is computed. Ensure the charged fees are affordable, transparent and in sync with market prices.
  • Services offered ⎼ Check whether the company offers the services you require. 
  • Compatibility ⎼ Communication and trust are key to a successful relationship. Make sure you feel comfortable with your service provider and that they understand your objectives well.

Tips for effective money management

  • Make a budget: Create a budget that lists your revenue and expenditures. This will help you remain apprised of your finances and prevent overspending.
  • Save for emergencies: Reserve a part of your earnings in a contingency fund. This will assist you with unanticipated expenses such as medical bills or thefts.
  • Pay off debt: Make it a priority to pay your debts off as soon as possible. Credit card debt, in particular, can be extremely troublesome and should be paid off first.
  • Invest for the future: Put your money into stocks, bonds, or other assets to help expand and maintain your wealth over time.

Conclusion

Financial services are an indispensable component of modern life, and understanding how to use them efficiently is critical. Numerous alternatives are available when it comes to opening a bank account, purchasing insurance, or investing money. The comprehensive guide will help you manage your money and achieve your financial objectives.

If you wish to explore the career scope of financial services, consider enrolling in a credible course. Imarticus’s Advanced Management Programme in Financial Services and Capital Markets collated with IIM Lucknow, is a good option. This intensive 11-month programme focuses on money markets, corporate finance and accounting, investment banking, fintech and risk management. Reignite your careers with this course today!

Best Financial Modelling practices of 2023

Posted on by Imarticus Learning

The dynamic nature of the business world makes it imperative for businesses to constantly assess their financial standing to manage potential hazards and plan ahead. 

The best way to achieve this is by identifying current economic trends, spotting and fixing issues and analysing and predicting future events that may affect the company’s financial performance.

Financial models assist analysts in doing just this and more.

An essential tool for businesses of all sizes, financial modelling provides insights into their financial health and enhances their decision-making processes. It is critical to adopt the best financial modelling practices to ensure the accuracy and efficacy of financial models. 

Financial modelling techniques

You are on the right page if you are searching for answers to “what are financial modelling practices?” and the best practices to follow in 2023. Read on to learn about the best financial modelling practices.

What is a financial model?

A financial model is an instrument to predict a company’s future financial performance. It uses accounting, finance, and business metrics to forecast a company’s expected outcomes. The process of creating a financial representation of some or all features of a business or securities is known as financial modelling. Financial models can help organisations determine their worth, decide whether to raise capital or expand their business, and make investment decisions. 

Financial modelling practices to follow in 2023

Creating an accurate and reliable financial model can be challenging. However, sticking to certain tried and tested practices can yield desirable results. Here are some key financial modelling practices businesses can implement to develop reliable models.

Assess common financial models: Businesses typically use five financial models. They are Discounted Cash Flow (DCF) analysis, Comparable Company Analysis (CCA), Precedent Transactions Analysis (PTA), Sum of the Parts (SOTP), and Leveraged Buyout (LBO). Each model has its benefits as well as drawbacks. Hence, selecting a model that best suits your analysis is crucial. 

Maintain a natural flow: Your financial model should flow from left to right and top to bottom. Supporting schedules should be followed by key output worksheets at the end of the model. This ensures that the model is logical, easily understandable, and flawless.

Limit important inputs and calculations: To make your model explicit, convenient and user-friendly, keep all major inputs, assumptions, and calculations on a single worksheet. The more the number of spreadsheets, the more difficult it is to keep track of your inputs and calculations, and the higher the probability of errors.

Build your model as follows: Regardless of the type, every financial model’s structure comprises inputs or assumptions, a processing method, that is, calculations, and outputs or outcomes. Ensure the structural integrity of your model by organising inputs, calculations, and outputs in a clear and logical manner.

Keep your model flexible: An ideal financial model should be flexible enough to accommodate changes in the business environment. You can make your model more flexible by using range names for inputs, assumptions, and outputs. Doing so makes adjusting the model as needed easier without breaking formulas.

Use sensitivity analysis: Sensitivity analysis helps you understand how changes in key inputs impact the model’s outputs. This tool is essential to make sound business decisions. You can use Excel’s built-in sensitivity analysis features, such as Data Tables and Scenario Manager, or third-party applications to conduct sensitivity analysis.

Use clear and consistent formatting: Consistently formatting your model helps to guarantee that it is easy to read and understand. For numbers, headings, and formulas, use clear and consistent formatting. This makes it easier to identify errors and ensures that your model is easily understandable.

Test your model: It is essential to thoroughly test it before using it to ascertain that it is reliable, accurate, and error-free. Stress testing, scenario testing, and backtesting can all be used to examine the efficiency of your model. These tests help you identify potential weaknesses in your model and ensure it is robust.

Keep yourself up-to-date: Financial modelling is constantly evolving, with new methodologies and improved practices coming up all the time. Consider following financial modelling blogs such as eFinancialModels, which offer insights into financial modelling in Excel, financial analysis, and raising finances to remain current on the newest developments.

Conclusion

The best financial modelling practices for 2023 involve choosing the right model, keeping it simple, and staying up-to-date with the latest trends and techniques. By following these practices, businesses can create accurate and effective financial models that inform decision-making and drive success. 

If you wish to make a career in financial analysis, knowing the core concepts of financial modelling is essential. Enrol in Imarticus’s Financial Analysis Prodegree course offered in collaboration with KPMG to learn all about financial analysis. With a comprehensive industry-approved curriculum and real-world case studies, the programme will transform your career.

What is Credit Analytics?

Posted on by Imarticus Learning

You may know the financial threats if your line of work involves giving businesses credit. Customers may make late payments or, worse yet, may completely default. 

In either case, having late-paying clients can seriously endanger the financial stability of your business. For this reason, you should always run a credit report on any possible borrowers. 

Fintech course

However, what is credit analysis? One of the various phrases used to describe the procedure a business credit manager goes through to assess the creditworthiness of a client after they request a line of trade credit is credit analysis (or credit evaluation). 

If you want to learn about credit analysis, a well-designed fintech course will help you understand everything you need to know. In this article, we will discuss the various aspects of credit analysis.

What is credit analysis?

An investor or any bond portfolio manager will do a credit analysis on businesses, municipalities, governments, or any other type of debt-issuing institution to assess the issuer’s capacity to pay back its debts. 

Credit analysis aims to determine the acceptable default risk level related to purchasing debt instruments from that particular firm.

Credit analysis assesses the threats of debt instruments issued by businesses or other entities to evaluate an entity’s capacity to fulfil its responsibilities.

This process determines the proper amount of default risk connected to investing in that specific organisation.

According to the credit analysis results, a risk rating will be given to either the loan issuer or the borrower.

What is credit?

Credit is “created” when one party obtains resources from another party; however, payment isn’t expected until a certain date (or dates). 

As with a bank loan, the resource could be money. A tangible item (such as inventory) may also be a resource, known as trade credit. 

Credit risk is present in both situations. The possibility that a creditor will provide monetary support to a debtor, but that payment (or payback) will not be made is what this means. 

Credit analysis determines the degree of credit risk a borrower poses given the circumstances of a particular credit request.

The Process of Credit Analysis

Bond investors, banks, and analysts examine a company’s credit to decide whether it will be able to pay its debts. 

An analyst can assess a company’s capacity to meet its obligations through trend analysis, cash flow analysis, financial ratios, and financial projections. A company’s creditworthiness can be assessed using credit reports and any available collateral.

The 5 C’s of credit analysis 

The 5 Cs of Credit are a well-known paradigm for credit analysis; they serve as the basis for most risk evaluations and loan pricing models. 

Here we will talk about the 5 C’s. 

  • Character

The overall view of the protective borrower is examined at this point. The lender develops a highly individualised assessment of the borrower’s ability to repay the loan. 

Qualitative data may be gathered through covert questions, background research, experience levels, market opinion, and other sources. Then they may decide on the entity’s character after forming an opinion.

  • Capacity

The potential of the borrower to repay the loan with the income from his investments is referred to as capacity. 

The lender will choose exactly how the payback will occur; cash flow from the business, the date of repayment, the likelihood that the loan will be successfully repaid, and payment history. 

Other criteria are considered to determine the likely capacity of the business to repay the loan. Of the five factors, this one is the most significant.

  • Capital

The borrower’s investment is called capital. This is regarded as evidence of the borrower’s dedication to the enterprise. This shows how much the borrower stands to lose if the company fails. 

Before requesting cash, lenders need an acceptable contribution from the borrower’s assets and a personal financial guarantee to show they have committed their funds. The connection of trust between the lender and borrower is further reinforced by good capital.

  • Collateral (or Guarantees)

Collateral security is frequently employed to counteract objectionable elements that could have emerged during the evaluation process. For the lender to seize the loan if it is not returned from the returns determined when the facility was made available, the borrower must submit collateral. 

On the other hand, guarantees are documents stating that if the borrower doesn’t repay the loan, someone else (often a family member or friend) will. 

Obtaining sufficient guarantees or collateral can be used to partially or entirely cover the loan amount. This minimises the danger of default. 

  • Conditions

The purpose of the loan and the conditions under which the facility is sanctioned are described in the conditions. Working capital, purchasing extra equipment, inventory, or long-term investment are all possible uses. 

Before presenting the terms of the facility, the lender considers several factors, including macroeconomic circumstances, currency roles, and the health of the industries in question. 

What does a credit analyst do?

Credit analysts examine the credit quality of individuals or businesses receiving loans.

Commercial, investment, and international banks, private equity businesses, asset management firms, insurance providers, and specialised credit rating organisations are among the employers. Typical tasks consist of:

  • Collecting client information
  • Reading financial briefings 
  • Conducting risk analysis by creating statistical models evaluating, analysing, and Understanding complex financial information
  • Visiting clients 
  • Limiting company credit risks to predetermined risk levels
  • Using credit-scoring systems to complete loan application forms and submit them to Lending committees for approval for minor credit amounts (such as small unsecured personal loans)
  • Maintaining a current understanding of important concerns (such as legal, market risk, and compliance issues)
  • Recommending improvements to procedures and policies to improve the quality of loan applications.

Conclusion 

An investor or bond portfolio administrator can perform a credit analysis on businesses or other organisations that issue debt to ascertain the company’s ability to pay off its debts. 

The credit analysis aims to establish the appropriate default risk level for investing in that specific organisation. 

Check out Imarticus’s Professional Certificate in Fintech course to learn about credit analysis. 

This fintech course, along with an in-depth understanding of the concepts of fintech, will provide you with real-life case studies. The course will teach the role of Decentralised Finance (DeFi) in credit analysis.

Industry experts teaching the course will also discuss various concepts of Blockchain, AI, Machine Learning, Cloud Computing, IoT, etc. 

Enrol with Imarticus today!

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