Reading Time: 3 minutesThe banking and finance industry has been here since the advent of civilisation when the very first currencies were minted. Since then, many banking programs and finance methods have come and gone. People used to keep their wealth in religious sites such as mosques and temples, as they were considered safe places to store money.

The banking sector evolved with time, and more modes of safe-keeping came into being, like steel safes built to protect the money. With the massive population rise from the 1990s, a more convenient method had to be established to ease banking. Waiting in queues for transactions or waiting for days for a loan approval wouldn’t cut it anymore. Digital banking provides a tailored solution to individual needs cost-effectively and efficiently.

Changes in the banking and finance industry through digitalisation

●  Technology

Technology has paved the way for banks to evolve and adapt new methods. As people are becoming increasingly tech-savvy, for the banks to sustain their survival, moving to the digital sector is the only option they could opt for. The advancing technology has made it easy for banks to keep records of transactions. Thanks to artificial intelligence (AI), conducting real-time data analysis of large volumes of data and providing customised solutions to customers have never been easier.

• Convenience

With digitalisation, time efficiency has reached new heights. You can access most banking services from the comfort of your home with the click of a button. This has made accessing banking services easier for people living in rural areas or other inaccessible zones in today’s time.

• Cost Efficiency

Banks have been forced to reduce costs to sustain themselves. Banking programs are being digitalised to reduce human resources and allow customers an opportunity to conduct their banking needs themselves.

• Blockchain

A blockchain is a public digital register that records transactions in many devices without disrupting and changing data when accessed from one device. Blockchain has helped tremendously in the digital world by changing the ways of banking and financing. The pandemic, in recent years, has led to its thriving success in the form of cryptocurrencies and NFTs. Bitcoin, one of the trendiest cryptocurrencies, is part of a blockchain.

●  Security

Security is of utmost importance for customers in order to trust a bank. The reason to keep money in banks rather than at home is that it is considered safer there. Banks provide a sense of assurance and protection to customers. Digital banks had to ensure their medium’s security through which customers would transact to make them feel safe and gain their trust.

Impact of digitalisation in the banking sector 

By going digital, the banking sector has improved dramatically by providing services which were earlier next to impossible. By digitalising, banks provide enhanced customer services, convenience to customers and help in time. The rural areas which didn’t have access to banks now transact easily using digital methods. In times of emergency when banks are closed, online transactions save lives. It is safe, reliable and quick, which is essential in times of crisis. 

Strengths and weaknesses of digital banking

• Strengths 

1. Digital banking provides an enhanced customer experience.
2. It’s secure with many layers of security.
3. It makes transactions easy in remote areas.
4. It demands low or no minimum deposits to open accounts.
5. Transferring funds is now quick and easy.
6. It offers easy access to accounts from anywhere in the world.

• Weaknesses

1. There is no healthy personal relationship between customers and banks.
2. No digital system is completely theft-proof.
3. Spending money has become a little too easy.
4. Because of its easy nature, many fake accounts are created to scam people.
5. No option for depositing cash is available. You still need to go to an ATM to handle your cash needs.
6. An active and stable internet connection is required to bank digitally.

 Conclusion

The world is digitally progressing, therefore the banking and finance industry needs to digitalise too. As an employee in this industry, you need to be at par with its progress. At Imarticus, you will learn how to understand various banking sales and operation methods. There are various finance courses in India but Imarticus offers practical experience and great job opportunities to its students with its post graduate diploma in banking and finance. These courses assign their students case studies, assessments and various practical industry interactions. 

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Banking and finance courses that will matter in 2023

Are you ready to stay up-to-date with industry trends and get ahead of the game in your banking and finance career path? Investing in banking and finance courses is a great way to prepare yourself for the banking and finance world of 2023. 

From postgraduate banking programs to specialized banking-related courses, there is a wide range of educational opportunities available. You just have to be aware of what to look for.

Keep reading to discover the banking and finance courses that will matter in 2023, so you can start planning your career trajectory now! 

From the basics of financial analysis and investments to more advanced topics such as risk management and financial technology (FinTech), there’s something here for everyone. Whether you are just starting out in this industry or looking to take your career path to the next level, these courses will help you stay ahead of the game.

So, let’s have a look at these courses. 

For starters, a postgraduate diploma in banking and finance is one of the best ways to gain the knowledge and experience necessary for success in this field. Today’s banking landscape is constantly evolving, so it pays to stay up-to-date with new trends and techniques. A postgraduate program will provide you with an understanding of financial markets, as well as an understanding of the banking and finance industry.

More specialized courses include those focused on investment banking, capital market, credit risk management, and FinTech. Let’s explore each of these in more detail.

Investment banking

As the name suggests, this course will focus on the art of raising capital. You’ll learn about different investment strategies and how to identify potential investments. This course is best-go for those who are looking to break into the world of investment banking or finance more broadly.

Capital markets

Capital markets courses will give you an understanding of global financial markets and their role in creating wealth. This course is best-go for those seeking to better understand the relationship between financial markets and economic growth.

Credit risk management

Credit risk management courses provide an in-depth look into the world of credit. You’ll learn about different types of credit, how to assess risk, and develop strategies to manage it. This course is great for those looking to work in banking or finance, as well as those seeking to gain an understanding of credit management.

FinTech

FinTech courses provide an overview of the emerging technology used in the financial services industry. From mobile payments and blockchain to artificial intelligence and machine learning, these courses will give you a glimpse into the future of finance. This course is also ideal for those who are looking to break into the financial technology world.

These are just a few of the banking and finance courses that will matter in 2023. With so many options available, choosing one that will help you reach your career goals is important. 

Investing in these courses will give you the knowledge and skills necessary to succeed in this ever-changing industry. Furthermore, staying up-to-date with the latest trends and developments in banking and finance will give you a competitive edge in this ever-evolving field.

And there it is – your comprehensive guide to the banking and finance courses that will matter in 2023.

Explore a career in banking and finance with Imarticus Learning.

Our banking and finance courses list has something for everyone, from postgraduate banking programs to specialized banking-related courses. Learn more about how you can get started today! The future of banking and finance is now – don’t miss out on the opportunity to unlock your full potential.

Course Benefits For Learners:

• Banking programs help learners understand the basics of banking, finance, and fintech.
• Postgraduate finance courses in India provide in-depth knowledge of banking and financial theories. Courses on credit risk management, capital markets, investments, and FinTech will equip learners with the skills they need to stay ahead of the competition.
• Students who complete this Retail Banking Certification course will see a dramatic improvement in their resumes that will ultimately help them move forward in their careers.

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Top 3 Bankable Skills for The Future of Banking and Finance

The potential of technology to improve customer experiences by bringing consumer loan portals and other methods for communicating with lenders has already been extensively covered in the literature. 

However, the reality is that customer expectations are higher than ever. You must improve the financing process if you don’t want to lose clients. Aspiring finance graduates should arm themselves with knowledge and abilities that can help firms integrate new and cutting-edge technology into their company operations, provide them with a competitive edge and more. 

In order to help readers solve the current business problems hastened by unstable markets and complex company settings, we will present a few essential finance skills in this article. You can pick from various postgraduate diplomas in banking and finance training programmes to gain these skills to work at the best banks and financial institutions in the world.

Finance management: What is it?

Finance management is defined by experts as the planning, organisation and control of a company’s finances. It is additionally referred to as the method of lowering production costs and expanding commercial opportunities. Finance managers are responsible for a variety of tasks in a company, including resource management and fundraising. Due to this, they are an essential component of a firm.

Thanks to a unique blend of soft and hard skills known as finance skills, finance experts may successfully perform their duties and tasks at hand. Professionals that possess the necessary skills can also establish an environment that is effective and productive at work. Furthermore, financial competence is essential to ensuring the organisation’s existence in an extremely competitive corporate climate.

Three skills in banking and finance that will have a big impact on your career

Check out these financial skills to discover how you may use them to significantly impact a company and banking programs.

Mathematics

Finance experts should have good mathematical abilities in addition to being familiar with accounting tools and processes. The development and application of data science-related analytical applications have highlighted the significance of having strong mathematical computation skills. And, in order to effectively employ data science as well as analytical tools for financial planning and management, finance directors must be proficient in mathematical calculations.

Resilience and analytical skills

It is a basic fact that you won’t go a long way in finance and banking unless you possess the proper analytical skills required to find trends, patterns, and clear conclusions from the mountains of data you’ll get to know about, regardless of the industry you work in or the position of employment. This goes beyond simply being knowledgeable about Excel and adept with Python, as these are technical skills that will undoubtedly be useful. 

You must be aware of what you are specifically searching for in the data and how you can use it to get the needed competitive advantage. Grit your teeth, stick with it, and be ready to prove to everyone that you have what it takes to succeed by staying the course and responding positively to anything that is thrown at you. Having said that, you must also be aware of your personal boundaries and recognise when a company’s culture is toxic as well as detrimental.

Numeracy skills and cash flow management

Understanding and working with numerical and graphical data, drawing conclusions, and articulating your results are all part of having numeracy abilities. Some employers will demand you to possess a numerate degree like mathematics, statistics, or economics in addition to A level mathematics, especially those working in the actuarial field. Others in the finance industry won’t demand this, but it’s frequently necessary to have a mathematical aptitude or talent. Numerous finance recruiters conduct numerical exams as part of the hiring process, so be prepared to have your numeracy skills put to the test. 

The act of monitoring and managing the costs incurred by the company is known as cash flow management. Examine the company’s revenue production concurrently. Making successful future investments, business decisions, expansion into product development, new markets, etc., are all made possible by effective cash flow management. Employers are, therefore, on the lookout for applicants who are knowledgeable about the foundations of cash flow management.

Conclusion

As you can see, not everyone is suited for a career in investment banking. Bankers must make many sacrifices and give a great deal in return, despite the fact that the financial benefits are a rather alluring carrot. However, if you believe you have these abilities and you have a strong academic interest in mathematics, business, or economics, then you should absolutely think about a future in this rich and undeniably fascinating sector.

You can choose the Imarticus postgraduate program in banking and finance which is one of the best postgraduate finance courses in India to learn more. Notably, fintech courses like this will assist you in starting from scratch and preparing for the market.

Reading Time: 4 minutesFintech is simply the use of technology to automate and improve the financial services offered by any business or company. It is currently empowering everything around us to provide cutting-edge solutions to every tiny problem. The lockdown after the Covid-19 pandemic has contributed largely to the global boom of the Fintech market. While the global users grew by almost 64%, in India the growth of Fintech consumers was highest at 87%. The mobile payment you do on GooglePay, that’s a real-life example of Fintech in play. If you have recently purchased bitcoins on Coinbase, that’s again Fintech. If you’re intrigued by these instances and want to dive deeper into the field, then enrol yourself on an online Fintech course. A Fintech program online teaches you all about this sector and is ideal for anyone looking forward to securing a job in Fintech.

In this article, we are putting forward all the details about an online Fintech course, and how it is gradually becoming a game changer in securing high-profile jobs.

What is a Fintech certification course?

A Fintech certification course empowers a learner’s knowledge about the sector, via the means of both theoretical and hands-on practical training provided by experts in the industry. The course also encompasses case studies from the real world, along with opportunities to work with emerging technologies like Cloud Computing, Blockchain, etc. Any online Fintech course like the professional certificate in Fintech provided by Imarticus gives a scope to learn the basics in a short time of only 100 hours. However, if you’re interested in diving deeper into the Fintech knowledge pool then there’s also the pro module available at 140 learning hours.

Fintech course: Eligibility Criteria

For an online Fintech course, the minimum criteria are to have a graduation or master’s degree, like BSc, BE, BCA, BBA and likewise. There are certain courses, however, which also demand a few years of hands-on work experience. 

A career in Fintech: What are the scopes?

A Fintech specialist has a wide range of career choices. Here are your topmost choices which offer phenomenal career growth:

• Machine Learning and Artificial Intelligence
• WealthTech
• Data Analysis
• Robo-advisors
• RegTech, which covers Risk, Governance and Compliance with the use of technology
• Cybersecurity
• Cryptocurrency, Blockchain

The most highly remunerated Fintech jobs include:

• Entrepreneurship, where you get to be your boss by starting your own Fintech company.
• Leadership roles like consultant or strategist for various financial institutions.
• Fintech Programmers

Thus, you can see why Fintech is such an excellent career choice. It is a booming sector where newer job opportunities are developing each day.

Why is a Fintech course so important?

Both technology and finance have had a pervasive nature in the case of any industry, owing to which a learner must have the necessary knowledge to fuse the two. The courses are considered to be game changers because their sole purpose is to make the learners aware of the various business models, challenges in regulation, various start-up ecosystems, and likewise. Through these courses, it is easier for the learners in creating or joining a network of a similar-minded crowd and receiving mentorship from the experts in the industry. 

What are the reasons for an unparalleled boom in the Fintech job market?

By infusing Information Technology with Data Science, the business of financial services is becoming a high-tech business venture. The Fintech sector not only provides productivity on the users’ end but this productivity is equally paired with convenience. The entire methodology of investing and spending your hard-earned money is being revolutionised, hence the boom in this sector. Almost every other financial company, thus, is in search of Fintech specialists to help them in problem analysis, its prevention and corresponding mitigation.  

Advantages of taking up a Fintech course

The top-notch benefits of opting for an online Fintech course are:

Greater exposure

A chance to work and deal with emerging technologies. A Fintech program helps the learner to get an idea or lays the basic knowledge foundation for them to deal with these latest seamless technological advancements. 

Less competition

The sector also provides a competitive edge. As the sector is still quite new, paired with its largeness, there aren’t sufficient skilled resources. This provides the Fintech learners with a competitive edge, as most financial organisations don’t waste time absorbing new talents.

Boost your career

Opting for a Fintech course also adds weight to your simple resume. If you’re a fresher, such a course will help you to make your resume pop up among the large ocean of applicants. On the other hand, if you’re already a professional and looking for a change, this course can give you a jumpstart.

Summing up

The demand for Fintech specialists is already on the rise in India, and the global market demand is also not lagging. The financial sector, thanks to such a widespread technological revolution is further expected to grow, and hence create more job vacancies in the future. So, by considering certain factors like your own interests, retention capacity, future goals, etc., make sure you jump right into the correct online Fintech course and make the most of it.

Reading Time: 3 minutesThe process of banking and finance is crucial to the success of any business. It is also a complex and ever-changing field. To work in this industry, you need to have the proper certification. Certification can help you get the job you want and advance your career. There are a variety of certifications available, so it is important to find one that matches your interests and goals. 

The right certification can make all the difference in your career. Not only will a certificate help you land the job, but it can also help you move up the ranks faster. Consider getting a certification in banking and finance if you’re looking for a way to advance your career.

Here’s why you should consider getting certified. 

• Get Ahead of Your Peers 

Banking and finance certifications allow students to differentiate themselves from their peers and stand out in an increasingly competitive field. This can be especially helpful if you’re applying for jobs or internships that require a certain amount of experience or expertise. 

• Gain Practical Knowledge     

Certification courses cover asset management, investment strategies, risk management, financial markets, financial analysis, capital markets, and more. These courses provide comprehensive training on how to interpret financial statements, develop effective investment strategies, analyze market trends, manage risk, and make sound decisions with regard to investments. By taking these courses, students will gain practical knowledge that they can apply directly to their future careers in banking or finance. 

• Develop Marketable Skills     

In addition to gaining valuable theoretical knowledge about banking and finance principles and practices, certification courses can also teach students transferable skills such as problem-solving, critical thinking, communication, presentation, strategic planning, and data analysis. These skills are essential for any career related to banking or finance because they enable individuals to make informed decisions in high-pressure situations without compromising the quality or accuracy of work.  

Why should you choose Banking and finance career? 

The finance and banking industry is growing exponentially as more people use their money to invest or purchase goods and services worldwide. This growth has created a huge demand for professionals capable of managing investments, collecting payments, paying bills, and performing other financial activities.

Finance and banking careers offer many opportunities for growth within an organization and across industries. You could become involved with higher management levels or work on the front lines with accountants, loan officers, or traders to ensure that clients get what they need from your company.

Where you want to work and the type of experience you want to gain before joining an organization will determine many aspects of your career in retail banking. Getting certified in banking and finance is an excellent way for students to gain an edge over their peers when applying for jobs or internships in this field. 

Certification courses provide comprehensive instruction on topics such as asset management, investment strategies, risk management, financial markets analysis, and more while at the same time teaching necessary transferable skills like problem-solving, which are essential for success in this field. With the right training under your belt–you can get ahead of your peers when it comes time for job applications!

Explore Banking and Finance Certification in India with Imarticus Learning

This 300+ hours of postgraduate program in banking and finance will give you the technical skills you need to succeed in the retail banking, NBFC, and fintech industries. 

Course Benefits For Learners:

• You can get placed for entry-level positions at prestigious banks, NBFCs, FinTech firms, KPOs, and other organizations with over 8000+ learners already placed with a 60% salary increase. 
• Learn about trends in banking branch operations and various aspects of retail banking sales and operations, including retail liability and retail asset products, NRI banking products, and investment products like insurance, equities, mutual funds, and fixed-income securities. 
• Take advantage of your investment by learning in one of our modern physical classrooms anywhere in India.

Visit our training centers in Mumbai, Thane, Pune, Chennai, Bengaluru, Delhi, Gurgaon, or Ahmedabad, or get in touch via a chat support system.