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How is Fintech Changing Business Models Across the World?

Posted on by Imarticus Learning

How is Fintech Changing Business Models Across the World?

Meet the darling of the 20th century. Fintech! Using technology innovatively in the financial sector to increase efficiency embodies the definition of the two worlds of technology and finance married forever by Blockchain technology!
Apparently, the term has been around for long. However, since 2015 it has emerged the thrust area affecting banking and any industry which is financial transaction based. Most early startups in the sector will be mature by 2020 and the trend is worth watching out for. We are going to view how the business models have changed and in what areas we can expect newer startups to emerge.
Importantly, fintech training is also an area that has seen much growth and even certification of skills. Any emerging sector brings with it the well-paid jobs due to the demand for personnel. And this will continue to grow over the next decade making it a wonderful career to start off with. Of the many institutes and academies available, Imarticus Learning has been the forerunner with a reputation for reputed and certified practical training that has been consistently providing personnel for the fintech areas.

Banking business model changes:

Banking has been the one industry that guardingly embraced blockchain technology, Fintech Courses, etc and has emerged the better for it. Let us study the impact of fintech on this business area. What impacts this area will also touch the way we deal with money and is good for a host of industries like

In the processing of payments:

Payfirma – The early runner started in 2011 introduced mobile-phone card readers to Canada and has since expanded into merchant accounts processing.
Stripe – The partnership with the famous Apple Pay mobile payments on the Apple Pay app the firm innovated mobile and app-based check-outs using tech that is biometric thumbprint triggered and secure and works through the iOS digital wallets.
Square – introduced the card-swipe technology for mobile-payments and has emerged the most popular blue-eyed startup in the sector.

Alternatives to lending:

Rather than lengthy loan applications and processing today fast, insta-loans are available online alternatives today for the traditional banking sector.
Lending Club – the 2006 peer-to-peer marketplace for lending marketplace had a rough time but is immensely popular even today.
Prosper – The earliest innovator this fintech startup of 2005 is also similar to Lending Club and had to wade through industry regulations and changes b, Prosper is the first FinTech company of this generation as well as the first peer-to-peer growing up to its present stature.
UpStart – really changed the unsecured personal loan segment. Started by Googlers it makes your credit history, educational background, and work experience into creating loan opportunities with better rates of interest and repayment.

Wealth and investment management advisories:

Chatbots and robot-advisors revolutionized the accurate and timely customer service and advisory areas using ML to match and sift through large data volumes while advising or serving customers.
Wealthfront – targeting the novice and first-time investors do have an investment amount of 500 USD and do not charge any fee for managing investments up to 10,000 USD.
Betterment – the path-breaker for automated investments has an easy-to-invest process for beginners and investors guided through a transparent and full-automated online process. The fee is a bare minimum and it does not have any minimum investment limits.

Other areas:

In the beginning, IT meant the server-room and Fintech Training today has become anything to do with financial transactions and technological innovations for it. Cybersecurity, Regtech, risk, and compliance management have all been touched with fintech innovations making the processes involved data accountable and accurate. Storage has shifted to cloud-based servers and online banking the norm of digital payments. Mobile phones and the common man popularly use UPI, Paypal, QR scanners like Paytm today.

Pay packages:

The fintech sector is similar to the banking sector we can take IB salaries as the benchmark for scope and payouts. In the US the financial analyst in fintech and IB had an average salary of 84,300 USD as reported in 2017 by the BLS. The BLS predicts 11 percent growth in FA positions between the decade starting 2016.
Payscale reports the IB and fintech FA salary is an average salary of 508, 855 Rs for a fresher. The salary components can vary between 177,560 to 1,545, 630 Rs while the bonuses can vary with contract negotiation from 2,517 to 524, 023 Rs depending on your skills and performance.

Conclusions:

Fintech offers many opportunities such as advisors, accountants, account managers, treasurers, analysts, business analysts, etc. If you wish to take on fintech training, consider Imarticus Learning for their super certification and assured placements when starting your career. Hurry! The early birds to find the worms. For more details regarding this, 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, Hyderabad, Delhi, Gurgaon, Delhi, Gurgaon, and Ahmedabad.

Is Fintech Reeling Under New Challenges?

Posted on by Imarticus Learning

 

Just recently, the startup ecosystem in the fintech saw RBI regulate and intervene to establish a beta-testing sandbox for fintech products. This move was to provide a controlled safe environment for the release of products. And then, the Fintech sector came across a new challenge to overcome. The crisis of liquidity in the NBFC sector! Earlier in the year, ILFS the largest NBFC player on the market defaulted on its payments causing the cash-crunch for other NBFCs as investors grew wary and the capital markets declined lending to shadow NBFC lenders. The rating experts ICRA and CRISIL were quick to downgrade Home-Financer DHFL after the interest default to investors on its NCD issues. The liquidity-starved DHFL missed its deadline for payment of investor interest on NCDs.

The question now is about the impact and whether this is a blow to the fintech space? Entrepreneurs are divided over their opinions. Funding has not stopped according to the statistics. Tiger Global Management’s funding round saw them raise USD 30 million from Fintech-Startup-Open who offer banking services for businesses and SMEs. Razorpay specializing in payment solutions could raise USD 75 million with assistance from Sequoia India led a group of financiers. However, CEO and founder of Qbera.com, Aditya Kumar, said the liquidity crunch originating from ILFS has made investors risk averse and there is a capital shortage from banks and partnering financial institutions. His company just got funded USD 3 million from lenders E-city Ventures last year.

Citing data results from Medici insights oriented fintech platform and Zone Startups, between 2015 when fintech took off to 2018 a whopping 1,300 ventures cropped up in the fintech space. The P2P lending base uses funding loans of retailer investors and trust is key. But, it would be wrong to disqualify the fintech space on the count of the fund crisis in the NBFC segment. Fintech has an immense and broader scope than any other nascent industry. According to CEO and founder of LenDenClub, Bhavin Patel KYC is a challenge for the payment companies in the wallet segment and the liquidity of online lenders has definitely been impacted. Last year the LenDenClub got equity investments totaling to 3.5 crores in Rs.

CEO and founder of  CoinTribe, Amit Sachdev, felt the fintech industry should be classified as focused around SMEs and focused on the retail segment. The retail players are floundering to raise debt capital and equity as they have high costs in acquiring customers, the retail loans offer low yields and the product economics is not favorable to such financial measures. On the other hand, the SMEs dependent players do have debt lines and equity capital available to them. CoinTribe received a response of USD 10 million in funding from Sanre Partners and are focused on distribution and B2B partnerships with a SMEs focus.

Though the investors in the retail segment have adopted a circumspect cautious outlook, the P2P players in lending depend on the trust factor since their funding base is reliant on investors in the retail markets, according to RupeeCircle’s Co-founder Abhishek Gandhi. RupeeCircle was funded by Mahindra Finance to the tune of  4 crore Rs last year. Systematic communication ensures investor trust. From the start, their focus was both on recovery and lending and this has helped keep their rates of loss low and ensure investors do not distance themselves from them.

Overall, the Fintech segment is seeing steady growth. The fintech segment has over 175 deals, seen a cumulative sum of USD 1.5 in billions being invested in it last year according to data from Tracxn. This means strong players with the right growth figures and a profitable potential have succeeded in raising funds in spite of the poor market conditions and the resultant financial crisis.

Entrepreneurs are now more interested in scaling efficiently and significantly as lending partners are placing their bets on the SME focused lending segment, says Sachdev.

In FY 2019 CoinTribe saw 3x growth and are confident of these levels in the current year. They are betting on a 3-lever strategic approach of new product launches driven by SME business linkages and B2B partnerships to attain significant geographic expansion. Kumar from Qbera.com said they had an impressive 300 percent every-year rate of growth enabling their book-value to grow to beyond the 130 Crore Rs mark.

A framework that is robust, the use of AI technologies and a loan process that is seamless has helped them stay abreast of the market conditions. LenDenClub’s Patel was quick to point out that being a foundling finding new markets, they are still able to hit the 40 to 50 percent quarterly rate of growth mark.

Conclusions:

The Fintech courses offer immense job scope and opportunities. One can opt for training in this sector or in financial analysis from the reputed Imarticus Learning Academy to be a part of the revolution. For more details in brief and further career counseling, you can also search for – Imarticus Learning and can drop your query by filling up a simple form on the site or 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.

How The Fintech Hub Plans to Drive India’s Need for Financial Innovation

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A fintech hub complete with accelerator, incubator, and platform for investors is set to open shortly in Mumbai to help young startups and fintech app innovations. The fintech revolution in India is young and already disrupting the space. The governments have been touting this revolution as the next big wave which will put India ahead economically and make it a strength to reckon with.
The Digital India movement, which began just three years ago in 2016, saw a majority switch to the ease of the Unified Payments platform or UPI-payments. QR scanning and app-based banking solutions are currently the norms. The financial, governmental curbs to end black-money, 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 to the commercial space.
fintech certification
Today there exist about 2700 startups and a 72% adoption rate of solutions for payments, with many fintech startups being incubated at Bangalore, the Vizag Valley for Fintech, Star Tank by Paypal and the T-hub of YES bank according to the Inc42’s 2018 report. India is today the startup leader with Mumbai and Delhi being the financial centers and Bangalore the technological mainstay.
When compared to the USA, China, and several other countries, India is not recognized for Fintech. This indicates that the marketing & innovation processes and incubation levels or quality of products need to be tweaked, a national level policy enacted, an excellent fintech training course and nation-wide support strategy needs to be put in place to collaborate on such ecosystems, measures and ideas for the fintech segment.
The measures put in place:
According to Inc42’s Suniti Nanda, who is also the Govt of Maharashtra’s CFO, the focus is pan-India and not restricted to the Mumbai hub alone. Some of the year-long boxed initiatives are –

  • Setting up a base for the fintech segment, including a nation-wide live fintech registry. Able mentors, profiles, best practices used and a collaborative environment to promote the fintech initiative.
  • Setting up of accelerators and incubators like corporate accelerators and in multi-partner collaborations like with NPCI, PayU, Fino Payments Bank, Zone Startups, Kotak, ICICI and Barclay Banks partnered accelerators.
  • The proposed platform for investors will see buy-side investors and sell-side startups.
  • 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.
  • A 3-year scheme of grants has been proposed for fund-creation for such startups and the fintech industry, where the fund will have industrial mentoring, banking support, private entities involvement, a better relational base, and such funds created will be jointly and agilely self-managed.
  • As rents are high and a pain-point for startups, the government has proposed a policy of rental reimbursements to the tune of 4 lakh rupees for three years, and this has benefitted about 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 and premier institutes, reputed colleges and the industry have come together to create a modern syllabus, intern opportunities, and validated fintech certifications. Amazon, ICICI, Kotak, NASSCOM and many such leading institutions are helping make this a reality.

Concluding notes:
Fintech without an enabling environment needs proactive support across all states in India as the drive to the top is impossible when in isolation. Mumbai has emerged the leader by enabling its governmental policy for fintech industries and also ensuring that the best startups stay involved in the development of the sector.
It is vital that all states and people concerned are communicative, collaborative and contributive if we want to see fintech be the big-bang of tomorrow. India has the talent, resources, workforce, and a host of other advantages. What does appear to be missing is the collective intent to succeed and help others?
If the fintech revolution is where you wish to make your career, then doing a fintech training course becomes essential. Imarticus Learning can help you succeed by providing you practical skill-oriented training with strong mentorship, a measurable and well-accepted certification, assured placements and even a persona developing module. Why wait?

Fintech Banks, All Set to Be Scrutinized Heavily by Relevant Regulators

Posted on by Imarticus Learning

Here’s when the fintech ventures tripled their global investments to 12.21billion USD. Clearly, since then the fintech industries have taken root in the revolution of digitization and blockchain technology. The early innovators accepted the challenges and the financial services industries took bold engaging steps to get them there.
Accenture reported their insights into the common themes needed for reimagining the fintech sector as openness, investment, and collaboration. Prophetic words and insights!
Cut to the present!
“Fintech banks all set to be scrutinized heavily by relevant regulators.” Is the latest shock to the growing fintech industries.
Fintech ruled the last half decade and emerged the most successful multi-billion dollar worth industry innovation in the financial world which can potentially disrupt and transform the way money is spent.
With the aim of developing faster-advanced systems for payment, the success of Fintech led to real-world banks totally powered by such innovations. Revolut, Monzo and such companies led the revolution’s success and the market was burgeoning with others who wanted to start such fintech banks and numerous applications targeted to make that possible. That’s when the ‘openness’ criterion apparently overstepped its boundaries and the regulators began taking a hard-stance in going slow with the green-light for such banks. Currently, their scrutiny is pretty stringent with the ultimate goal of ensuring fintech banks unscrupulous few do not cheat their customers.
Openness:
Transparency, customer trust, and openness are the core of the revolution where fintech innovation, digital technology and a lot of money is invested. Large organizations have the resources and knowledge capital to engage with such revolutionary technologically innovative solutions and change their culture and organizational structure to scale profitability very rapidly. They invest their assets, intellectual properties, and skilled resources to open up newer areas of services and products where customers are invested.
When the banks and financial services sectors grow explosively there are many who jump onto the bandwagon to unscrupulously make a profit at the expense of the customers. Scrutiny, regulation and heightened awareness is thus natural, essential and should be mandatorily undertaken. The PRA- Prudential Regulatory Authorities has rightly clamped down to take the necessary measures. The yearly approved proposals till Feb 2019 were just 4 compared to 12 licensed proposals in the previous year!
Investment:
Innovation, industrial growth and the promotion of financial systems never grow in isolation. Venture investing, capital markets and such are also invested in such fintech banks and industries. More than ever, the present trend is to focus on the immensely popular and profitable fintech innovations and even governments are not far behind in offering sops to the growing industry.
The decrease in the fintech banks approvals makes it very clear that the PRA means business. James Borley of PRA was quick to clarify that this was not a rap on the knuckles of an industry that is booming. Rather the stringent scrutiny measures are meant to ensure the dubious proposals stay out and transparency and openness encouraged while protecting the investors.
Collaboration:
The platform of fintech is a unique example of collaboration between two areas where traditionally there was none. Technology and finance both traditionally collaborated and shared process within their own areas. Fintech effectively opened up the rush for all industries to collaboratively partner in the quest for newer ideas, market opportunities, reduced costs, and increased value. With the PRA’s action collaboration will now have to be more effective, across diverse industries and outlooks to ensure value generation.
According to the PRA, they are encouraging increased inter-bank competition and will encourage the new bank players with a careful eye on scrutiny measures. The PRA challenges to approval can be easily gotten over with being prepared for ensuring the process does score on openness, transparency and investment protection.
Embracing scrutiny on all the above counts can create the foundation to disrupt their business models. By active participation, they do not need to sideline their core models for challenger non-core models where they could be relegated to the sidelines.
Concluding notes:
It is definitely going to be uphill to get fintech bank approvals from the PRA watchdogs. The very pace and rate of fintech disruption have meant that banks have altered their models to introduce new-age banking and a bouquet of services. Newer banks and services mean a boom in the need for trained professionals, training and better use of data analytics and customer insight.
If you are interested in a Fintech Career try the Imarticus Learning Academy who believes heightened scrutiny always makes better fintech banks.

The Advantages of Taking Up Fintech Courses

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Financial technology is not completely new. The industry has been around for enough time to witness its ups and downs. Everyone can see how technology is changing finance. But still, there are a lot of gaps in information. Still, there are hundreds of people who ask Why Fintech? Even today. There seem to be thousands of blogs and posts on the internet, but they confuse people even more. Too much information is often like no information.
In such a case, if you belong to the interested but confused group of people, then your only savior is FinTech courses. Financial technology has only one way to go, and that is up, as believed by the experts. The industry will grow even more strong, and it will be advantageous to have certification for FinTech courses on your side.

Here are a few advantages of learning FinTech courses:

  1. Financial Technology

One of the biggest reasons why FinTech learning is essential right now is technology. The finance industry is no longer in the initial stage. The industry has adopted technology and is changing really fast. The pace at which banks are going digital is alarming. So if you don’t adopt financial technology or keep believing in traditional transactions, then you will be obsolete in a year or two. Being in the finance field, you cannot afford that. You have to get trained in the latest market situation and nothing better than FinTech courses to do that.

  • For the masses

Financial technology has brought each and every aspect of finance to the everyday man. There are no middlemen or economic bifurcations anymore. From investment advice to the rate of interest, every data and risk assessment reaches the layman by just one click. Intermediaries have gone down and so have the rates of interest. Now personal and business capital is available to anyone who needs it. Everything is computer-based, and that is why FinTech is essential. If you go for FinTech courses at the right time, you can make sense of it all for your clientele at the right time.

  • Competitive advantage

Entering any industry without proper knowledge can be dangerous. Being able to understand what’s going around you and using the proper jargon can be advantageous all the time. When a client asks you why Fintech, you will know the answer. Understanding financial technology better will help you outsmart the competition. FinTech courses are needed to do your job properly in these times of fast-paced technological changes.

  • Become a pro

Being in the field of finance, you know that mastering any discipline of finance takes time and efforts. Financial technology is no different. It takes the effort to become a Fintech pro. Online courses and free materials are all good, but they are more like shortcuts. If you want to become successful, then a detailed knowledge of the industry is necessary, and that can be learned through proper certification FinTech courses only. There is something for everyone – from beginners to professionals. Your success in the finance industry is why Fintech learning is essential for you.
Conclusion
We live in an age where there is no shortage of resources. There are a plethora of FinTech courses online and offline. According to your requirement, you need to make a choice. Whether you are a traditional financer, a beginner, own a start-up or have your own established business in the financial technology industry, you have to be updated about Fintech. These advantages listed about should tell you why Fintech is essential for your career. In fact, now you should be asking why not Fintech?

The Modern Rules of Fintech

Posted on by Imarticus Learning

The new term Fintech has left all wondering as to what is fintech. Fintech is a combination word derived from financial technology and describes the financial services sector of the 21st century. Previously this term was used to describe the back-end dealing of financial institutions. At present this term now includes any innovation in the financial industry which is due to technology. It has redefined every aspect of money matters. Fintech adoption rate of India is approximately 52% which is second to China according to a report.
Fintech revolution in India started in the year 2015 which saw new fintech startups emerging through public and private investments. It was achieved through technical skills, finance, and passion for innovation. This along with the regulatory framework and government policies were also present to establish financial technology in India. Although India is still adapting to the commercial technology by transforming its economic ecosystem.

The ecosystem of the Indian Fintech sector:

The ecosystem of the Indian fintech sector comprises of the government, investors, financial institutions, and users. We will look into each of these and understand as to how these ultimately lead towards the establishment and growth of fintech India.

Government

The government is the most critical factor for the financial technology in India. The Indian government is in full support of fintech revolution along with regulators. By providing the funding, programs for financial inclusion and enablement, tax surcharge and relief the government is lending a helping hand to support this industry. The start-up India was launched in January 2016 with an amount of USD 1.5 billion funds for start-ups. Tax initiatives involve tax rebate being provided to those merchants who have more than 50 per cent transactions digitally, offering income tax exemption for the first three years to start-ups, and deduction of 80 per cent on patent costs for start-ups. The government is also providing the infrastructural support through its Digital India and smart city initiatives to promote digital infrastructure along with attracting foreign investments.

Regulators

The regulatory support in India for the development of the fintech industry has been phenomenal. Since fintech in India is in areas such as wealth management, lending, payments, and security. The regulatory initiatives involve the introduction of Unified payment interface which can take India towards a cashless environment, setting up Small finance banks and payments banks. The most regulated fintech sector in India currently is payment space.

Investors

Since financial technology is quite a new concept and it will take time to develop a complete understanding of this. What the investors need to know is that this is much more than being a payments technology merely.

Technology firms

Without the support of technology firms, fintech cannot flourish in India. Some technological firms are already working in the areas such as innovation, investment and incubation along with capability development. Besides this, they are also collaborating with the new entrants in the market to strengthen fintech India.

Financial sector

The most affected industry due to the advent of fintech is BFSI (banking financial services and insurance sector). The positive aspect, however, is the fact that this community is making the necessary changes to adopt this technology. The BFSI sector has taken a four-way strategy to develop this industry further. The procedure involves investment, market factors, collaboration and partnership.

Users

The Indian customers are adopting fintech offerings at a rapid pace. Due to the increase in the use of smartphones users are now looking for something which will help them to explore better option and avail better services for their banking needs.

Fintech impact on the financial sector

Since fintech, in particular, has a lot of influence on the financial industry it is essential to understand as to how this impact will create changes in this industry in the future.

Lending services

These companies are trying to use alternative techniques to provide faster access to capital and data sources.

Payments and remittance service

The objective of these payments companies is to allow users to make online payments without fraud using websites and smartphones. The amount is directly transferred into the payee’s account. Whereas the remittance companies aim at resolving all the remittance issues whether inward or outward remittances.

Personal finance

These fintech companies provide payments solutions to individuals using their funds. They have different market competitive packages to choose from.

Banking infrastructure services

These fintech companies have revolutionised access to information, using blockchain, digital data and analytics. Blockchain technology is the real game changer of the financial technology. It is a distributed ledger which maintains large data of customers. Blockchain technology aims to facilitate transactions using cryptocurrency to record and transmit ownership of data, currency and non-digital assets.

Equity funding services

Crowdfunding is an excellent opportunity for new start-ups since it allows them to borrow capital at lower rates as compared to the market rate.

Cryptocurrency

This is an emerging field in India holding a promising future.

Future of Fintech India

The future of fintech India is bright. With developments taking place in significant areas of fintech it is predicted that India will adopt this technology completely. Alternate lending, robot advisory, and digital payments will become the norm. Although there are threats which exist such as cybercrimes which can be mitigated through strict and efficient security measures.
 Nevertheless, the banking sector should look forward to the digital revolution as it will also bring new business opportunities.

How is The Ethereum Blockchain Different From The Bitcoin Blockchain?

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How is The Ethereum Blockchain Different From The Bitcoin Blockchain?

You don’t need to attend a blockchain training or fintech course to have heard the names Ethereum and Bitcoin. These two names are very familiar to anyone who has been observing the blockchain and Fintech technology. Even though these two cryptocurrencies are based on the blockchain, there are few fundamental differences between them. This article will shed some lights on the specifics of each blockchain and show you what makes them different.
 Bitcoin: The Uncensored Money
The Bitcoin was invented by Satoshi Nakamoto in 2009. The primary objective of Bitcoin was to provide a peer-to-peer electronic cash system which will replace the traditional banking system. As a part of making things simple, the bitcoin’s protocol or Bitcoin’s blockchain was made just well enough and perfect to store, handle and perform transactions. Basically, this Bitcoin blockchain is a worldwide shared ledger that ensures easy transfer of value in the form of bitcoins. It means, unlike the traditional money, you can skip the part of seeking permission from banks or governments for sending money to anywhere in the world.
There are thousands of bitcoin nodes on the bitcoin’s blockchain that are able to verify the legitimacy of each payment. They eliminate the need for any third party in transactions. In simpler words, this blockchain doesn’t care who is making the transaction. It doesn’t care even if you are human or machine.
Ethereum: Not Just Money
In Ethereum, the blockchain technology or the Fintech courses is utilized to create applications beyond just supporting a digital currency.  Even though you can transfer value through it, Ethereum is not purely digital money. Ethereum can carry out transactions just as Bitcoin’s blockchain, but it is not limited to that. The primary difference between these two blockchains is Ethereum’s ability to store and execute newly coded programming logic. Using this facility, you can create smart contracts and DApps in Ethereum.
A smart contract is a computerized transaction protocol that takes place in terms of a predefined contract. In simpler terms, a smart contract executes “if-this-then-that” condition coded on to it. You can use Ethereum’s native programming language, Solidity to write smart contracts that are completely decentralized. You can eliminate the escrow services and intermediaries through this. Some of these intermediaries are Uber, freelancing platforms like Upwork, Airbnb, OYO, and eBay. Due to this facility, Etherum is also known as programmable money.
In other words, we can call Euthereum as a decentralized programmable blockchain-based software platform. To enable value transaction, a cryptocurrency named Ether is employed in this system.
Conclusion
So, now we understand that Ethereum is an advanced use of the blockchain. The bitcoin also uses blockchain technology but these two are never in competition with each other. In a general point of view, the purposes of these two blockchains are completely different. They can coexist and find solutions for many problems we are facing today. However, reports are suggesting that Bitcoin is developing other capabilities of Ethereum. When that finally happens, the comparison between them could be more competitive.

How easy is it to get a Blockchain developer job if you have completed a Blockchain online course?

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Since blockchain is a relatively new technology, and conventional methods of training are scarce, an online course can be extremely helpful for someone seeking a job as a blockchain developer.

Skills required to be a blockchain developer

There is plenty of blockchain related roles that businesses are looking to hire. For some, this might mean hiring leading experts with prior experience of running and creating distributed public ledger systems in production. However, often large corporates will look forward to building a team that revolves around a core of blockchain experts. In such cases, all that is needed in addition to engineering skills and strong software development skills is a firm understanding of the principles around blockchain systems.
However, blockchain is just one piece of a typical technology pile. Others who can prove to be a vital player around blockchain systems are engineers who specialize in networking or security, alongside those with core software development skills. If one has taken on an online course that helps to have an awareness of modern tech tools like docker containers and microservice architectures can be an asset too.
Qualifications required for blockchain developers
Alongside an obvious background in computer science or engineering, a further online blockchain training course can be especially beneficial. Experience as a back-end developer and a good strong knowledge of the fundamentals of cryptography is also crucial. Online courses these days also offer knowledge and understanding of Java and C, and these are the prerequisite for many companies seeking to hire a blockchain developer. For someone who has their own software project developed via GitHub, it can be an added.

fintech certification
Responsibilities of a blockchain developer
Blockchain developers are expected to response for research, design, testing of blockchain systems and on top on that to take ownership of a lot more.  A fintech course can be an added asset as nowadays companies are shifting to numerous financial technology methods to assist with financial transactions to save company costs.
As a blockchain developer job comes with prerequisite knowledge of cryptography and common data structures and algorithms, one will most likely be in charge of huge codebases and peer-to-peer (P2P) networks. One might also be put in charge of ongoing projects that might ask to break down existing code and frameworks and building them from scratch. One might also be asked to evaluate existing and proposed blockchain structures.
Many companies also look for blockchain developers to offer some business insights and logic using new technology. The role might also need the developer to be responsible for integration and might be asked for evaluations based on business metrics and IT-related ones.
How to become a blockchain developer?
Keep up with the latest industry trends – it is imperative for developers to take responsibility for their own learning. Reaching out to people who can help accelerate your portfolio and attending events with speakers can go a long way.
Using Reddit to keep up to date with relevant discussions and using GitHub to learn from peers and share code can also prove to be immensely beneficial in someone’s career as a blockchain developer.
Be agile and be willing to adapt – given the new nature of blockchain space, if someone is looking to work as a developer, one needs to be very patient and willing to get stuck in. As it is still relatively new, there might not be any detailed documentation to rely on, and developers have to be comfortable looking to open source code and to learn on the job.

Reliance Realty to Build Fintech Center in Navi Mumbai

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The emergence of the amalgamation of technology and finance-related knowledge has created a consistent demand for banking services, fintech evolution, catering to the financial and insurance segment services, IT and cloud-based services and technology, the NBFC sector services and in keeping with the flow the growth of knowledge and training centers and institutes. Over the next two decades, this is expected to be the growing, return-oriented and most rapidly developing the economic sector. The state and central governments also have gone all out to promote and have a growth policy in place for the disrupting fintech segment.
Little wonder then that very large players like Reliance also have jumped onto the bandwagon. With a current -2.78 percent on NSE, RCom has taken all necessary approvals and initiated the development of its infrastructure in a well-timed plan to use its assets to develop Navi Mumbai’s island Smart Center for Fintech through its subsidiary realty arm. The Knowledge City named after its founder Dhirubhai Ambani- DAKC will have 3 million sft leasable and saleable space spread over a sprawling 132 acres campus in the satellite Navi Mumbai city. The Maharashtra Government, DIT and MIDC have approved the move lending credence to the promotion of Fintech in Maharashtra. The project is being touted as being twice the available space of the business complex in the busy industrial area of Bandra-Kurla of the city of Navi Mumbai.
RCom was recently in the eye of the debt-storm with an outstanding debt amounting to a little over 46 thousand crores in rupees and its filing an insolvency application in February 2019. Among its leading 40 creditors are Chinese and domestic banks besides Ericson. Using the route of restructuring of Strategic Debts, working on the sale of its spectrum, and the sale of its Nippon subsidiary, R Com had promised its creditors like the European Ericson to repay 550-cr Rs and defaulted forcing them to approach the highest court and NCL tribunal. The heavily indebted and financially stressed R Com has yet to begin its payments and the time-bound NCLT fast-tracked resolution is yet to see progress, which has been the situation for over nearly a year-and-a-half now. As of today, the creditors have not received any proceeds and the resolution plans which are underway, seem a long way off.
Swedish Ericsson has been baying for blood and repayment causing RCom and its subsidiaries RTelecom and RInfratel are also expected to file for insolvency separately. In an NCLT aided move for debt repayment and tardy resolution, the NCLT was quick to point out that the drawn-up plans are subject to speedy debt resolution and debtor repayments in a transparent manner where the funds from monetization of assets will need to be fast-tracked since the 270 day framework prescribed is fast drawing to its end. On the other hand, Shri Anil Ambani the Chairman has always claimed the plot which was the corporate hub of its operations had a developable market-value of 25,000 Cr in rupees.
Concluding Notes:
On an ending note, the establishment of the smart center for fintech in Maharashtra at Navi Mumbai sees the Reliance giant utilizing its property of over 132 acres in setting up an over 3 million sft state-of-the-art facility. The nearly finished and bankrupt titan hopes to be in the thick of the fintech revolution with this move for a structured government backed monetization initiative. Whether this move will bail out the stressed industrial giant is yet to be seen. However, it is aligned with the state policy to promote and develop the Fintech sector as its newest gambit in industrial development.
Do you have a head for spotting trends in the evolving financial markets and see scope for the policies and promotion of the fintech segment? Are you hoping to make a career of this and need efficient result-oriented training? Then, it is very important to select a reputed and experienced training partner especially at the beginning of your career.
If you also wish to be a part of the fintech revolution and wish to know how you can make a career in this evolving and promising field, then, check out the finance, technology and fintech courses at Imarticus Learning. The Learning-experience is based on the latest improvements and the methodology lays emphasis on being able to practically apply your knowledge. Besides, who wouldn’t want an able, reputed mentor and assured placements?  Hurry, fintech is evolving rapidly.

How is your company implementing blockchain technology?

Posted on by Imarticus Learning

A blockchain is a public ledger which records and accounts for each and every bitcoin transaction that is made. Blockchain acts as an alternative to normal currency, centralized banking, and other transaction methods. It is changing the way we handle financial transactions. Blockchain maintains an ever-growing list of each and every transaction across every network, which is distributed over thousands of computers making it almost impossible to hack.
Our business uses the following applications to implement blockchain technology. 
Smart Contracts
This term was first coined in 1993 – but it is only recently that Smart Contracts has gained fame due to the 2013 release of the Ethereum Project. Smart Contracts are run on this Ethereum Project which acts as a decentralized platform – these are applications that run exactly as programmed without a chance of downtime, fraud, censorship or any third party interference.
Smart Contracts are self-automated computer programs that can carry out all terms of a contract without any external assistance. It is financial security that is routed to different recipients held in escrow. Smart contracts are unbreakable, and it helps the business to bypass unnecessary regulations. Smart Contracts also helps in lowering the cost for a subset of our common financial transactions.
Cloud Storage
Our company is also beta testing the cloud storage application, that will help decrease dependency whilst offering secure cloud storage. Users can store on the normal cloud for more than 300 times simply by using excess hard drive space – this process is similar to someone renting their home on Airbnb. On average, the world is spending more than $22 billion on cloud storage, and this has the capacity to be a source of revenue for average users. Cloud storage also has the potential to reduce the cost to store data for personal users as well as companies.
Supply-Chain Communications & Proof-of-Provenance
Most of the things that we purchase are not made by one single entity, rather by a chain of suppliers who trade their components – for example, graphite or lead for pencils – to one company that gets everything together and makes the final product. The major issue with this system is that even if a single one of those components fails, the brand had to take the heat. We use blockchain technology, that provides the stakeholders with digitally permanent records that are can be audited with no concern. This also ables the stakeholders to see the site of the product at each value-added step.
Paying Employees
We thought and decided that blockchain Certification can be used as an application to compensate employees as it has its roots in cryptocurrency. Since our business has a vast network of international workers, we have also incorporated Bitcoin into the payroll which has turned out to be a major cost saver.

fintech certification
The world’s first Bitcoin-based payroll service, Bitwage has found a way around the high fee structure that is associated with international money transfer, at a much-reduced amount of time as such payments do not need to move from one bank to the other – this has been very effective for our business as it saves both time and money for our employers and us. Since we use a public ledger, one can actually see and keep track of all the money during the entire transfer process. This form of payments is something many other companies and banks are betting on this year, and it has become a very large part of our business.
Electronic Voting
According to BitShares, which is a globally distributed database, DPOS or Delegated Proof of Stake is the fastest, most decentralized, efficient and flexible consensus model that is available. BitShare also states that DPOS helps to resolve consensus issues in a fair and democratic way as it leverages the power of stakeholder approval voting. Elected delegates can be used to tune all network parameters from fee schedules to block intervals and transaction sizes. It takes as little as an average of just 1 second to confirm transactions by a deterministic selection of block producers. Most of all, this consensus protocol is designed to protect our business against unwarranted regulatory interference.
Fintech Course
Fintech is a new form of financial technology that applies and uses technology to improve financial actions. In our business, we have also included blockchain training that includes short fin-tech courses for our employees and stakeholders to understand better what kinds of applications best fit blockchain and other forms of distributed public ledger technology. Since incorporating blockchain in our business, it has become imperative for our employees to understand the design rationale, the basic technology, the underlying fundamentals of cryptography and its limitations.