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Is India The Best Fintech Destination?

Posted on by Imarticus Learning
Reading Time: 2 minutes

The Indian Fintech industry witnessed a boom in the early 2000s, and it has shown no signs of slowing down. We take a deeper look at India’s Fintech industry

Since the beginning of 2010, India saw the dawn of the financial era. Banking institutions began seeing the advantages of technology and invested heavily in emerging technologies. This gave rise to a number of financial technology or Fintech courses start-ups in India. Technologies such as AI, Blockchain and cloud computing began to seep the financial market making it easy for transactions to be carried out easily with minimum human intervention. This resulted in e-commerce blossoming where consumers could make financial transactions such as online payments, shopping and paying bills without any worry.

There are six basic benefits that were highlighted during the Singapore Fintech Festival 2018 and these included access, inclusion, ease of living, connectivity and growth of opportunity and accountability by individuals and banks. Technology has now entered the mainstream and is creating opportunities like never before and has impacted the economy tremendously.

Prime Minister Narendra Modi spoke at length about the fintech industry at the Singapore Fintech Festival 2018. He spoke about the growth of fintech startups in the country, the impact of demonetization. He said that there is an eruption of fintech innovation and enterprise in India. The future of fintech and Industry 4.0 is emerging in India according to the Prime Minister.

In this article, we want to list down the top reasons why India is emerging as the IT capital of the world. Prime Minister Narendra Modi’s Digital India has seen success with many industries adopting technology at a rapid rate.

Combating Crime
When you deploy technologies such as blockchain and AI, it makes it easier for banking and financial institutions to address frauds and crime. Since all the data and transactions are well protected and human intervention is minimum, crimes are drastically reduced thereby decreasing costs. It also prevents money laundering to a great degree.

Aadhaar Card
The introduction of the Aaadhaar card in India has made it possible for marginalised parts of the society to open bank accounts with ease. It has ensured connectivity and ease of living with opportunities for 1.3 billion Indians. The Jan Dhan Yojana has enabled the opening of 330 million new bank accounts in the past three years.

Ease of Payments
Online payments and its accessibility have opened a gateway of possibilities thereby ensuring that there is high levels of productivity in the country and had a good impact on the economy.

Demonetization
It has been two years since the occurrence of demonetization in India, and the fintech industry has only grown at a rapid pace with the rise of digital payments and transactions. There is a 207% increase in the volume of transactions carried from 79.67 Cr transactions as recorded in October 2016.

Conclusion
The fintech revolution has only begun, and with banking institutions adopting newer technologies, it will give rise to more start-ups, making India a sought-after destination for financial innovation.

India becomes The World’s Second Largest Fintech Hub: Here’s All You Need To Know

Posted on by Imarticus Learning
Reading Time: 2 minutes

There are few nations in the world which are the growing hub of fintech startups. Fintech startups refer to those which work in implementing technology in traditional finance processes and play a huge role in modernizing any society. Most of the online financial services we use today were at some point proposing something radical that society had not thought of – and many startups today, are growing up to be similarly disruptive.

India is growing to be one of the best places in the world to have a fintech startup, as statistics suggest – this is no surprise, considering the support systems that the government has put in place to support entrepreneurship. India is currently home to more than 2000 startups operating in the field, and the number is second only to that of the United States. This is almost a three-fold rise in the last 5 years, with the number having been only around 700 in 2014.

The cumulative amount raised by these startups together amount to more than $2 billion, just in 2018. This fundraising was done over 165 deals, in the year. Most of the fintech startups currently operate in Payments, but there are plenty of promising companies which are trying to carve a market in wealth tech, personal lending, insurance and much more.

The Two Leading Cities

A large number of these startups are based out of two Indian cities alone – Mumbai and Bangalore. The two cities are home to close to 42 percent of all the fintech startups in the nation, and the other prominent cities include Delhi, Gurgaon, and Hyderabad. The smaller towns of the nation, however, still remain untapped by the services or presence of fintech startups, as stated by the India Fintech Report 2019.

Owing to the huge promise that these startups are currently showing to the government, it is no surprise that a large number of states are now showing interest in fostering promising startups. In the last year, a Special Fintech Committee was drafted by the government expressly for the purpose of supporting the growth of the sector. The Mumbai Fintech Hub and the Fintech Valley in Vizag are similar developments, which are meant to support this system. The creation of these areas represents how interested the government is in building up a strong segment and promoting entrepreneurship. The Marathi government even went a step further to create a fintech policy, and have already disbursed more than Rs. 9 crores to various startups in the form of prize money and grants in the state. The state even has a specially appointed fintech officer for pushing growth in this niche sector.

In any case, there is no doubt that India is emerging as a strong player in the world of fintech. Fintech is a sector with great promise, mainly because it is something that digitizes or deals with something that is the main aspect of human life. These startups not only promise to make life easier but also improve society greatly.

How Is Blockchain Technology Helpful In A Banking Career?

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Reading Time: 3 minutes

How Is Blockchain Technology Helpful In A Banking Career?

The Blockchain ecosystem has the potential to transform disruptively and every industry. The Blockchain career and a banking career with blockchains is the place to be because of the immense scope and demand for trained personnel.

What benefits does blockchain technology bring?

Let us look into the many advantages and terminology of blockchains. A Blockchain career is today popular across verticals and industries like banking, agriculture, healthcare, e-commerce, education, mining, property recording, retail, entertainment, media, automobiles, logistics, transport and many more.

Blockchain technology brings in the important four attributes of immutability, decentralization, transparency, and security. The benefits offered by blockchain technology are:

  • The blockchain data structure is contained in the app-end and causes the data to be immutable, and impossible to delete or alter making its algorithm unhackable at the present time.
  • The data ledgers are cryptography protected and contain hashtag functions from the previous block. This information is verified to complete the cryptography transactional process through crypto mining.
  • The peer mining network has all transactions on the blockchain over all the interconnected computers thus decentralizing the system.
  • User authentication and verification using blockchain technology sans third-party interference.
  • Ledger consensus and record-keeping are enhanced as all data of transactions are contained in the block and are duly verified for maximum trust by the peer network users.
  • The ledger is distributed over all blockchain nodes in real-time.
  • Data is always retrievable and never lost.
  • Transparent transactions ensure the viewing parties are verified authenticated users and reduce transactional ambiguities.
  • Blockchain time-stamping ensures a recorded chronological order.
  • The source of the ledger can be tracked at every block of the chain.
  • Consensus between the parties ensures duplicity and fraud are removed.
  • Smart contracts enable presetting criteria and conditions for automatic recording of transactions.

How do the banks benefit?

According to the experts, bankers, analysts, consultants, etc that spoke to The Financial Times, the top 5 areas that have the potential to be successfully transformed by blockchains are

Settlement and Clearing:

The bank network is a tangled network of securities, investments, and loans that need to be recorded, settled and cleared on a daily basis. And, this costs billions of dollars annually to run. Accenture says that this area of settlement and clearing could save investment banks up to USD 10bn who use blockchain technology for efficient settlement and clearing operations.

Payments:

Payments systems from the central banks globally are moving to explore blockchain technology and shifting payments system processes to blockchains and issue digital tokens that can be used on the stock markets and cashed in at the central banks. Commercial banks to have pushed forward with their own projects instead. Ex: Switzerland’s UBS’ ‘utility-settlement-coin’ akin to the crypto coin issued by the bank. Swift payments, the cross-border payments solution of the banks is fighting off Ripple a San Francisco fintech startup in cross-border payments solutions.

Trade finance:

LCs, trade finance, bills of lading, etc are still paper-transactions sent through post or fax globally. According to the R3 MD, Charley Cooper, this is an obvious area where banks can benefit from blockchains. HSBC’s Head of innovation in commercial banking, Vivek Ramachandran agrees that doing away with physical stamping through use of blockchain transactions could deal effectively with problems like his example of a ship delivery to Malaysia from Singapore taking a day versus the paperwork taking a week!

Customer Identity Verification:

Lenders are in reality trusted custodians of investor’s money and regulators will hold the banking agents responsible for authentication of records and checking the customer’s identity. This area is a vital banking-risk that blockchain-processing can easily overcome. It is an era of start-ups in the KYC blockchain-enabled systems. Some of them are Blockstack, Cambridge Blockchain, Credits, and Tradle.

Syndicated loans:

It takes a long 19 days for US companies to raise syndicated funds from banks. Early repayments and foreclosures are still done on paper. To address the efficiency of this area Credit Suisse and 19 similar-minded financial institutions formed a work-consortium with the blockchain enablers to put the syndicated loans Synaps on a blockchain framework.

Conclusions:

Looking at the benefits of blockchains, one wonders why banks are lethargic in the adoption of the superbly beneficial blockchain technology in banking and its related processes. However, it is also to be noted that the number of fintech startups has gone up in leaps and bounds making a Blockchain career highly lucrative and getting in ahead of the curve.

Make your Blockchain career at Imarticus Learning which is the literal one-stop solution for Blockchain training. For more detailed information regarding this and for further career counseling, you can also contact us through the Live Chat Support system or can even visit one of our training centers based in – Mumbai, Thane, Pune, Chennai, Bangalore, Hyderabad, Delhi, Gurgaon, and Ahmedabad.

How Could Blockchain Disrupt The ‘Big Data’ Industry And Its Analytics?

Posted on by Imarticus Learning
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How Could Blockchain Disrupt The ‘Big Data’ Industry And Its Analytics?

According to Glassdoor reports, the annual jump in recruitments for blockchain jobs for August 17-18 was 300% and median salaries paid in India for professionals with blockchain training were above the national average salary by a considerable amount!. The potential of blockchain technology to transform and disrupt any vertical using big data analytics has thrown up burgeoning demand for professionally trained personnel to man the growth.

The demand has outstripped the supply of Blockchain training-equipped professionals. Essentially, this means there are well-paying jobs with ample scope and growth, across verticals that make this an excellent and exciting career choice for young career makers and professionals alike. The increase in demand for professionals is expected to last over the next two decades.

Sectors that benefit:

Let us explore how some fields dependent on big-data analytics can benefit from blockchain technology.

Data Backup: The blockchain is very effective in storing data in every block of the chain enabling tracing its source block possible. Data can never be deleted or altered without more than half the community agreeing to the changes.

Payment Processing: An infrastructure which is blockchain-based enables cross-border payments at remote locations instantly with immutable consensual digital records of time-stamped secure transactions.

Hiring, Logistics, Payroll, Marketing, and Supply-chain Processes: Switching to blockchains makes organizational processes verifiable and almost error-free and requires no intermediaries. Thus monitoring instantly and stock-taking is more accurate human-error free and consumes less time resulting in huge savings in terms of personnel required to man operations, costs, effort and time.

Election Processes: The adoption of blockchain-tech can resolve issues of privacy, royalty, and rights in this and areas like media, entertainment, etc, making the authentication and reward for creativity process transparent and sans intermediaries.

Smart Contracts in real estate: This segment depends on records primarily and because blockchain technology is consensual between parties and verified across all nodes on the network a fraudulent or altered property deal is an impossibility. The digitization of land-records and the permanent storage and traceability of transactions makes the adoption to blockchains the next logical step in fast-tracking digitized smart contracts.

The Banking and Financial Processes: Blockchains offer safe, transparent and instant digital transactions with low fees as against traditional transactional methods.

Sports, insurance, and healthcare: These sectors will switch to blockchains to provide solutions to reducing confidential record-keeping hassles and using the instantaneous accuracy and immutability of the records of medical histories as a plus point.

Other verticals—âWith similar trends across other verticals like law, crowd-funding, retail, e-commerce, investment platforms, cryptos and more integrating blockchains into their operations.

Skills required:

Most applications in Blockchain training today are Python, Golang and JavaScript based. The trending tools, languages and technological suites required for a career in the blockchain technology field today are:

  • C Suite languages like C and C#
  • Python suite languages
  • Java Suite languages including Java, JavaScript ES6, JSON, js and Javascript.
  • Simplicity, Serpent, Solidity, Go, Rust and such languages.
  • SQL and NoSQL
  • HyperLedger Fabric

Top jobs:

Among the career choices available specifically in blockchains are those of the 

  • Developer
  • Architects
  • Consultants
  • Blockchain Engineers
  • Certified educators

Blockchain tech is lucrative:

Technologies like Quantum Computing, Virtual Reality, Neural Networks, data analytics, AI, Augmented Reality, driver-less vehicles, smartphones, cryptos and many more have digitized the modern world and have come to prominence over the last decade. Blockchains have immense benefits for the industries adopting its technology as they reduce costs, increase process efficiency, improve productivity and ease-of-operation. Blockchain training is the way to go, to land a career in the evolving and emerging field of blockchain applications across all verticals.

Key Takeaways:

Blockchain career aspirants do not need any mandatory qualification like a degree. The beauty of blockchains lies in the fact that at Imarticus Learning you can quickly and easily pick up the practical skills required.

Many sectors like healthcare, real estate, education, insurance, and the traditional banking system have already benefitted from it. Blockchain technology is booming and it has the potential to disrupt the big-data analytics fields and verticals involved. The high demand for professionals with professional Blockchain training certifications makes blockchains an excellent career choice because the industry needs professional accountants, managers, analysts, developers, programmers and such to grow and realize its potential.

At Imarticus Learning, this promising technology can disrupt your career and land you a well-paying job with growth and good pay packages. Start your Imarticus Blockchain training today!

For more details in brief and for further career counselling, you can also contact us through the Live Chat Support system or can even visit one of our training centres based in – Mumbai, Thane, Pune, Chennai, Banglore, Hyderabad, Delhi and Gurgaon.

New Basic Training Course On Fintech Launched!

Posted on by Imarticus Learning
Reading Time: 3 minutes

Both the technological apps for financial applications and the very process of financial transactions have undergone a sea-change from manual to cutting-edge since the Fintech revolution took off globally. Closer to home, India has been promoting the fintech industry in several ways and has openly declared that it proposes to encourage the sector to develop to its full potential.

Singapore’s Latest Course on Fintech:
The latest fintech training course in Singapore started with 20 students to offer affordable quality Fintech training to bankers, executives and career-oriented individuals. The course is proposed to run monthly with a batch size of 30 participants. NTUC and SFA saw more than 100 participants and job hopefuls take part in the fintech career fair organized by the Institute for Employability and Employment at Singapore’s M-Hotel.

The course has developed with the help of multiple partners like Ngee Polytechnic, NTUC, BFS Union and the Singapore Association for Fintech-SFA. Since most quality Fintech courses are paid courses and need to provide the latest technical and industry-relevant training, the proposed fee is between 71 SGD to 321 SGD after subsidies. They are sponsored by the government for individuals below 40 yrs of age which brings the cost down significantly against the total 1070 SGD (Singaporean Dollars).

The Fintech Course benefits:
·The foundation level program will train new workers and young-career participants to be able to function in the fintech environment and will also help acclimatize them to the fintech environment.

  • The fee is affordable, and participants could take loans from the credit agency SkillsFuture to finance the course.
  • Singapore is expected to see a plethora of jobs and an anticipated sizeable demand-supply gap for personnel.
  • Artificial Intelligence, blockchain, and Big-Data courses can be specialized in after doing the foundational level course on Fintech concepts and fundamentals.

The Indian Scenario:
The governmental curbs to end black-money, the demonetization, the introduction of cheap 4G services by Jio, the mushrooming of Fintech courses, the simplified GST norms, and the government setting aside budgeted funds to develop this sector have been a boost in the arm. QR scanning and app-based banking solutions are currently the norms. The Digital India movement just three years ago in 2016 saw a majority switch to the ease of the UPI platform payments.
India is today the startup leader with Mumbai, Delhi, and Bangalore being the mainstay fintech hubs. There are about 2700 startups and a72 percent adoption rate for solutions for payments with many fintech startups being incubated at Bangalore, the Vizag Valley for Fintech, the T-hub of YES bank and Star Tank by Paypal.
The measures put in place:
Some of the time-boxed initiatives on setting up the Mumbai Fintech hub recently are:

  • Setting up a base for startups and a nation-wide live fintech registry to provide able mentors, best practices and a collaborative environment
  • Setting up accelerators and incubators similar to the corporate accelerators with multi-partner collaborations from reputed agencies NPCI, PayU, Fino Payments Bank, Zone Startups, Kotak, ICICI and Barclay Bank
  • On-boarding of global investors will be showcased at road-shows where small players can interact, tie-up and collaborate in a safe and moderated environment
  • The proposed platform for investors will see buy-side investors and sell-side startups
  • A 3-year scheme of grants has been proposed for fund-creation for such startups, and the fintech industry, where the fund created will be agile and jointly self-managed
  • To ease rental burdens, rental reimbursements to the tune of 4 lac Rs for three years have been offered to 50 such firms already.
  • Fintech education, polishing innovative ideas and talent, and developing excellent coding skills are being focused upon as the verticals of thrust and promotion in a bid to suit the demand for personnel.
  • Innovative Fintech courses are the need of the hour.

Conclusion:
In parting, the fintech industry is rightly at an inflection point. If you wish to have a career in the fintech industry, check out the excellent course on Fintech at Imarticus Learning. It is on-par and way ahead in terms of benefits offered. Certification, assured placements, soft-skill training, and skill-oriented practical syllabi are just some of the key takeaways. Act today!

For more details in brief and further career counseling, you can also contact us through the Live Chat Support system or can even visit one of our training centers based in – Mumbai, Thane, Pune, Chennai, Banglore, Hyderabad, Delhi, Gurgaon, and Ahmedabad.

How To Learn Blockchain Programming In Tandem With Game Development?

Posted on by Imarticus Learning
Reading Time: 3 minutes

 

People have started connecting blockchains with financial transactions, cryptocurrencies and now the era of game development. Let us explore how you can benefit from a Learn Blockchain program.

What are the Blockchain Games?

A Learn Blockchain program is essential to understanding the gaming platforms working. Gaming platforms run on closed loops of data and development since no one else should create newer versions of it. Blockchains are innately made for this very purpose of reusing the data assets through smart contracts thereby providing for reuse and analysis of the data stored on them.

Blockchain games are distributed among ‘players’ and are digital goods that are decentralized. Depending on the platform used they use their own tokens or the tokens of the hosting platform. Ex: ‘ether’ on the Etheruem platform.

Key Concepts:

The terms make use of the blockchain features as applied to the gaming field.

Game theory: Blockchains run on network design and game theory. The game theory according to Wikipedia, studies the math models of interactions between sets of decision-makers who are rational. It was used for zero-sum games meaning one person’s win is the loss of the other players. It is widely used in CS, social science and logic applications. A good example of the zero-sum game is Fomo3D.

Tokenomics: Tokenomics makes sets of different groups with a common interest on a platform or network governed by various features of game theory. The tokens are used to incentivize and create new digital assets in a blockchain game. Tokenomics is exclusive to blockchain platforms and is not used on other platforms for gaming.

Decentralization: Since the coding on blockchain games can be studied and analyzed easily a lot of transparency is brought in. Further, the outcome of the game is not controlled. When developers update or try to alter the game which is not endorsed by the community of players, a forked version can be built from the game.

Potential benefits:

Blockchain games can have many potential applications in the gaming industry as proven by the number of successful ones.

The major benefits of blockchains are that they enable

1- Reusable Assets:

PUBG and such game-collectibles and accessories cannot be used outside the game as on desktops, mobile, and other games. However, the blockchain ecosystem is an open distributed platform using tokens. Marketplaces like Opensea and Rarebits now allow you to trade, buy or sell these collectibles of gaming. Thus a whole new field of economics opens up.

2- Transparent incentives:

Blockchains incentives are verifiable open and involve real-world incentives. The network verifies the game and hence no scams and Ponzi’s can flourish. Today you can play and earn money because of this inbuilt incentive feature and this has spawned many more blockchain games.

3-Aligned interests:

The players and developers interests are on the same team. Since developers cannot change the game without community approval, it is trust-based and difficult to make money by exploiting users unfairly.

4- Unstoppable Games:

Games that run on centralized servers can easily be closed down citing various problems. This problem is effectively prevented in Blockchain games since the community of players can fork versions of the game from the change on the blockchain.

5-Low-cost Migration:

A smart contract allows for low-cost migration. When the game rules are to be updated, a sub-contract can be used. Data is stored on a different contract and hence the parameters and behavior need not be changed.

Limitations to Blockchain games:

UX and Scaling:

The multiplayer Ethereum game has significant 15 tx/sec limit. Projects like Loom Network and POA Network are trying to resolve the scaling issues. Hybrids like Gods Unchained are also affected by scalability issues. The first UX game Cryptokitties cashed in on its best feature namely UX. One will have to Learn Blockchain to better the integration, competition and UX with other game-platforms.

Talent shortage:

The ecosystem lacks professional developers, gamers and standardized training to meet the shortage. Currently, ethereum’s community is the largest. The demand for professionals is high and very obviously the payouts can be fantastic!

Concluding notes:

Learn Blockchain games before they get mass adopted. As scaling improves developers are building blockchain games like TRON, EOS, etc. Decentraland shortly plans to build a virtual world of blockchain assets offering better reusable assets, incentives and transaction rates.

Start your Learn Blockchain Course today at Imarticus Learning Academy to make a bright future in gaming-related blockchains.

What Are The Career Opportunity For FinTech In India In 2019?

Posted on by Imarticus Learning
Reading Time: 3 minutes

What Are The Career Opportunity For FinTech In India In 2019?

Fintech’s has the potential to transform disruptively each and every industry. Its main originators the crypto market and blockchain technology are active in the hiring process. For terrible market and economic conditions, career aspirants still love a career in Fintech because of its potential and the emerging governmental assistance and thrust for fintech industries.

The present fintech job market:

According to Glassdoor reports, the annual jump in recruitments for this field for August 17-18 was 300% and median salaries paid in India were above the national average salary by a considerable amount! Upwork states that for employers the most sought-after skill was blockchain technology. Even venture capitalists in 2018 have boosted their investments 280% in blockchain industries.

All these statistics are excellent for those who are interested in making their fintech career. Of course, finding the right stable job involves doing Fintech courses / Fintech training to develop your skills, researching jobs, training for interviews and much, much more. It is still worth it at the moment.

So, let us quickly look at what jobs are being the leaders for recruitments.

The top draw fintech areas:

The fintech industries have shown tremendous success in the following verticals.

  • Education and banking segment
  • Advisories
  • Startups and accelerators
  • Logistics, marketing and supply chains
  • Real Estate
  • Sports, insurance, and healthcare
  • Entertainment and media
  • Other verticals: Law, crowd-funding, retail, e-commerce, investment platforms, cryptos, and more fintech startups are also recruiting.

The best job roles:

According to Glassdoor reports, youngsters will find the top US fintech careers in job roles needing an agile approach, seamless role adaptability, ability to work with startup limitations in resources and excellent multi-tasking skills. Marketing and sales, mobile-only apps, content writers, UI/UX and graphic designers, cloud management experts, product engineers, etc are also popular in-demand job roles typical of the fintech industry.

1. Software Engineer: The payouts are in the range of90,000-145,000 USD and in the US Blockstack, Chronicled and Axuall is recruiting.

2. Technology Architect: Companies like Bank of America, Amazon/AWS and the State of Colorado are hiring with payouts ranging from 100,000-160,000USD

3. Product Manager: The salaries can run from85,000-130,000 USD at companies like JP Morgan Chase, Cynet Corp, and Mediaocean.

4. Risk Analyst: These can get paid salaries from 85,000-105,000 USD and can find recruitments in Bank of America, Electric Power Research Institute, Veem, and such companies.

5. Analyst Relations Manager: The job fetches a median salary of 50,000-125,000 USD at companies like IBM, R3 or Accenture.

6. Front End Engineer: These can get paid between 70,000-125,000USD at companies like Binance, Gem, and Ford Motor Co.

7. Legal Counsel: These jobs pay100,000-190,000 USD at recruiting companies like Consensys, Figure, and BitGo.

8. Business Analyst: The payouts here are80,000-105,000 USD at hiring firms like NuArca, Bittrex, and IBM.

The required skills:

The trending tools, languages and technological suites required for a Fintech career today are

  • C Suite languages like C and C#
  • Python suite languages
  • Java Suite languages including Java, JavaScript ES6, JSON, js and Javascript.
  • Simplicity, Serpent, Solidity, Go, Rust and such languages.
  • SQL and NoSQL
  • HyperLedger Fabric.

Among the soft attributes required you must include

  • Innovation and creative thinking: These attributes are important in every evolving field where standard practices and technologies may not always be available. Remember to simplify attitudes and think afresh.
  • Intent, dedication, and passion: Understanding the intent of technology helps achieve the results for a better experience for clients who have a passion for new technologies. These attributes are a must with dollops of dedication thrown in.
  • The will to learn and humility: Emerging technologies and companies may be unstable. The will to learn helps build humility and the ability to take things in your stride in spite of hurdles.
  • Team spirit and communication skills: These attributes are non-negotiable for lean teams who are cross-functional and use Agile practices.

Basically, one must believe in the job and contribute to the company’s growth using the jumble-box of attributes and all skill sets mentioned above.

Key Takeaways:

High demand for professionals with certifications from Fintech courses makes fintech an excellent career choice. The industry needs professional accountants, managers, analysts, developers, programmers and such to grow and realize its potential.

At Imarticus Learning, you can quickly and easily pick up the practical skills required. Coupled with assured placements and certification this promising technology can disrupt your career and land you a well-paying job with growth and good pay packages. Start your Imarticus course today!

Which Cryptocurrencies Has The Most Secure Blockchains?

Posted on by Imarticus Learning
Reading Time: 3 minutes

Bitcoin is also called Digital Gold because it still is the most secure crypto of all times which has sustained its place from the forerunner stage to date. The massive cryptographically encrypted blockchain is transparent, cannot be altered or deleted and gets automatically verified across all nodes in the miner’s network all without the interference of any third-person intermediary.

Blockchain training can actually help you understand the high standards of blockchain security when transacting with Bitcoins. The blocks are interconnected to each other through unique hashtag signatures and need verification of all miners on the network to record a transaction.

To change or alter any information one would need to alter at least 51% and more of the has power at the same instant which makes it near impossible. It would cost more to edit than to steal because till date the Bitcoin is the most mined crypto! No wonder it charges higher is valued higher and accepts other cryptocurrencies against it as a standard measure.

Bitcoin is truly the most secure form of payment that has transformed the value of paper-money by allowing people to make transactions with their money sans any intermediary and in a completely secure, instant, encrypted manner that makes its security its most valuable transactional feature.

The blockchain technology and how it works:
Bitcoin is synonymous and thrives on blockchains. Did you know that the hash rate for Bitcoin is around 8,721,206,904 GH/s? Its active nodes run into millions and though not ASICS resistant the difficulty levels compensate and make it extremely secure to transact with.

Blockchain technology brings in the important four attributes of immutability, decentralization, transparency, and security.

  1. User authentication and verification using blockchain technology sans third-party interference.
  2. The blockchain data structure is contained in the app-end and causes the data to be immutable, and impossible to delete or alter.
  3. The data ledgers are cryptography protected and contain hashtag functions from the previous block. This information is verified to complete the cryptography transactional process.
  4. Ledger consensus and record-keeping are enhanced as all data of transactions are contained in the block and are duly verified for maximum trust by the peer network users.
  5. Blockchain time-stamping ensures a recorded chronological order.
  6. The ledger is distributed over all blockchain nodes in real-time.
  7. The peer network has all transactions on the blockchain overall interconnected computers thus decentralizing the system.
  8. Data is always retrievable and never lost.
  9. Transparent transactions ensure the viewing parties are verified users and reduce transactional ambiguities.
  10. The source of the ledger can be tracked at every block of the chain.
  11. Consensus between the parties ensures duplicity and fraud are removed.
  12. Smart contracts enable presetting criteria and conditions for automatic recording of transactions.

Blockchains are today popular across verticals and industries like banking, agriculture, healthcare, e-commerce, education, mining, property recording, retail, entertainment, media, automobiles, logistics, transport and many more.

The Bitcoin Lightning Network:
The open-source free lightning network Bitcoin protocol creates anonymous channels to route millions of transactions/second.  The fees charged are extremely low and micro-transactions friendly. Thus people will be able to receive, send and deal in money instantly, securely, and cheaply.

No more DD charges, transaction fees or cheques that take days to clear. Even far off geographical locations are just a click away. However, the internet connection needs to be present and offline wallets fail when this important factor is not considered.

Other secure currencies:
Litecoin is good and secure too. Ethereum, Monero, Dash, zcash and such are all technologically private, secure and follow the Bitcoin’s security protocol. IOTA is yet to emerge from the accusations levied against it by MIT. However, blockchains are built secure and the more popular ones are transmitted for verification across millions of nodes at the same instant.

If the crypto was only on one node then it would neither be secure nor of interest to anyone. That is so because blockchain technology itself works on authentication and verification by the network users or miners to emerge as secure transactions.

Also, preservation of the tokens and the inability of hackers to break into such crypto wallets make the currency more secure from theft. Offline storage and cold storages are good security features to keep your monies safe.

Conclusions:
Bitcoin emerges the winner of being the most secure crypto. Learn all about cryptocurrencies and fintech at Imarticus Learning Institute by doing your Blockchain course here.

They help you launch your career in a field that is the emerging phoenix of tomorrow’s technology. Needless to say, the jobs in the sector never face shortages in demand and the pay packages can be unbelievably fantastic with experience.

For more details in brief and further career counseling, you can also contact us through the Live Chat Support system or can even visit one of our training centers based in – Mumbai, Thane, Pune, Chennai, Hyderabad, Delhi, Gurgaon, and Ahmedabad.

Seven Latest Developments In Fintech

Posted on by Imarticus Learning
Reading Time: 3 minutes

Fintech is everywhere in today’s world that aims at robust development from the way we make purchases to the way we borrow loans. Fintech is a short form of finance and technology clubbed together. Traditional financial services are given a chance by inducing technology into finance leveraging more scope for advanced financial services. Since consumers are adopting fintech at a faster pace, businesses or companies are investing more on fintech.

Nevertheless, fintech, as we observe, has reached the culmination like the other technologies such as blockchain, artificial intelligence, machine learning, virtual reality, and the cloud. Therefore, managing various financial aspects of a firm by outperforming the competition is possible only for a fintech professional who is well-versed in Fintech Courses.

Have a look at some of the key developments in the miracle world of fintech where disruptive technology meets finance:

Investing in digital transformation 

The experience of the customers with non-banking industries, retail and telecommunications have led to increased expectations from banks and credit unions. Access to the digital world has made the customers want for tech-savvy options in financial services. This strains the traditional working model of the financial institutions as more efforts need to be put in to cope with the competitive pressure. Hence, financial industries are investing a lump sum in digital transformation projects to satisfy the expectations of the consumers and to be on a digital upfront.

Application of Blockchain in fintech

Cryptocurrencies like Bitcoin and Ethereum took the world by storm which uses blockchain technology for peer-to-peer transactions and records it in a digital ledger thus eliminates the needs for prominent financial institutions. Blockchain is a transformative technology which poses huge potential grabbing the interest of the fintech industries. Recently, a successful pilot test for cross-border fund transfer from Thailand to Singapore was carried out using blockchain technology from the bank of Ayudhya to Standard Chartered Bank in Singapore. The use of blockchain by financial institutions will help its crowd of subsidiaries have efficient and flexible financial liquidity.

Inducing Artificial Intelligence in fintech

Artificial Intelligence (AI) can process the large sum of consumer data in seconds thereby, AI is leveraged more into the financial service industry more than using it as a cognitive for sales, marketing, wealth management, and investments. Artificial Intelligence is therefore used to work in close contact with many organizations to process and analyze its data using the latest algorithms and arrive at a promising solution for each customer. Its predictive analysis, automated chatbots and accurate decision making have advanced the position of AI from Machine Learning to robot-advisors.

Emerging Digital-only banks

The developments of fintech racing the market have posed a threat to the traditional banks with the dominance of digital-only banks. Thanks to the digital-savvy customers who were the ground reason behind the emergence of numerous digital products from these new players in town. Digital-only players focus on appealing to the masses with their innovative and efficient ideas. Thereby, pressurizing on the traditional banks to offer better and innovative digital solutions for its customers to protect themselves from these disrupters.

Design thinking

Fintech experts suggest that customer-first design should be the ideal key for the businesses who anticipate a positive outcome of UX vision. Clubbing their thoughts and creative engineering leads to an innovative mindset rather than just managing. The immersive UX vision which aims at satisfying the customer experience also benefits other aspects of technology like augmented reality(AR) and virtual reality(VR). A better consumer experience consolidating interactive and gamified experience is provided by using UX design for fintech.

Massive adoption of Cloud 

Cloud adoption in fintech is set to be predominant as more and more cloud in the banking sector is evident. The adoption of cloud in banking is mainly due to its acceleration in time frame enabling increased innovation and responsiveness to the fast-paced changes in the financial service sector. However, the security or user data protection where the earlier barriers for large scale adoption of cloud platform which is not a concern with the present-day highly protective systems.

The merger of physical and digital

Generally, fintech reaches people with access to data more than the ones who do not have access to the internet. To remove such barriers effectively by consolidating physical and digital experience, especially in a country like ours where many people still do not have a reach to the internet, this development in fintech appeals to the masses. Like Canara banks digital banking branch which invariably allows its customers to walk into the branch and use its end-to-end digital experience seamlessly.

Conclusion

The revolutionary developments in fintech have changed the phase of financial services in a robust and efficient way. Thereby, creating more demand for fintech professionals for evolving businesses. Transforming your knowledge by getting insights into Fintech Courses will be an ideal option to flourish in this rapidly moving world of development.

For more details, you can contact us through the Live Chat Support system or can even visit one of our training centers based in – Mumbai, Thane, Pune, Chennai, Banglore, Hyderabad, Delhi, Gurgaon, and Ahmedabad.

What Are The Cryptomining And Other Career Opportunities In The Blockchain Ecosystem?

Posted on by Imarticus Learning
Reading Time: 3 minutes

 

Blockchains, cryptocurrencies, and crypto mining seem to be buzz words touted today by everyone and in every industry where financial transactions are made. Technologies like Quantum Computing, Virtual Reality, Neural Networks, data analytics, AI, Augmented Reality, driver-less vehicles, smartphones, cryptos and many more have digitized the modern world and have come to prominence over the last decade. Blockchains have immense benefits for the industries adopting its technology as they reduce costs, increase process efficiency, improve productivity and ease-of-operation.

Blockchain Training is the way to go, to land a career in the evolving and emerging field of blockchain applications across all verticals. This then includes the jobs generated in fields like crypto mining and the entire blockchain ecosystem.

The basics of blockchains:

The Blockchain ecosystem is the emerging darling of 2018 with hopeful industries incorporating it willingly. It has the potential to transform disruptively and every industry. However, the cryptocurrency markets where it originated in the Bitcoin blockchain, shed almost 79 percent of their capital and the field is dogged by regulations and legal hurdles as of now. Governments and policies are reluctantly showing more acceptance of blockchain apps as indicated by the recent mobile trial conducted in West Virginia.

Let us look into the many advantages and terminology of blockchains as taught in Blockchain Training. Blockchains are today popular across verticals and industries like banking, agriculture, healthcare, e-commerce, education, mining, property recording, retail, entertainment, media, automobiles, logistics, transport and many more.

Blockchain technology brings in the important four attributes of immutability, decentralization, transparency, and security. The benefits offered by blockchain technology are

  • The blockchain data structure is contained in the app-end and causes the data to be immutable, and impossible to delete or alter making its algorithm unhackable at the present time.
  • The data ledgers are cryptography protected and contain hashtag functions from the previous block. This information is verified to complete the cryptography transactional process through crypto mining.
  • The peer mining network has all transactions on the blockchain over all the interconnected computers thus decentralizing the system.
  • User authentication and verification use the blockchain technology sans third-party interference.
  • Ledger consensus and record-keeping are enhanced as all data of transactions are contained in the block and are duly verified for maximum trust by the peer network users.
  • The ledger is distributed over all blockchain nodes in real-time.
  • Data is always retrievable and never lost.
  • Transparent transactions ensure the viewing parties are verified authenticated users and reduce transactional ambiguities.
  • Blockchain time-stamping ensures a recorded chronological order.
  • The source of the ledger can be tracked at every block of the chain.
  • Consensus between the parties ensures duplicity and fraud are removed.
  • Smart contracts enable presetting criteria and conditions for automatic recording of transactions.

What is crypto mining?

Blockchains use cryptographic hashtags to interconnect blocks with the predecessor block containing a hashtag criterion that needs to be verified and is transmitted across all mining nodes for every transaction. The miners provide the algorithmic solution as proof-of-work making the transaction complete and verified. By doing so first the miner is rewarded with gold or if late a pile of dust. To dig out the solutions in crypto mining is an arduous task needing Blockchain Training, knowledge of algorithms, problem-solving abilities, and dedication. This crypto mining can be profitable and depends entirely on skill and luck.

The digitized process used is un-tampered, secure, instantaneous and has little or no fees when compared to banking processes. Hence the ongoing crypto bans by Governments and policymakers. At the moment the blockchain technology is being used across verticals like banking, education, healthcare, insurance, real estate and many more.

Cryptomining and the blockchain ecosystem’s job market is booming and for the skilled blockchain experts, the job has no lack of scope for development, recruiting companies or great pay packages. According to Upwork, the thousands of jobs being generated by the blockchain segment are filled in less than a week. Hubs for crypto mining exist in Venezuela, Russia, Norway, Canada, Sweden, and South Korea with the rest of the world fast catching up.

Conclusion:

Is crypto mining a job? Probably not but the returns are high! Also, it needs great Blockchain Training. For all your blockchain courses try Imarticus Learning. Their courses are par excellence. Start your course without any delay and mine your way to a great career. All the best!

For more details, you can also contact us through the Live Chat Support system or can even visit one of our training centers based in – Mumbai, Thane, Pune, Chennai, Banglore, Delhi, Gurgaon, Hyderabad, and Ahmedabad.