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Tag: best career options after graduation

Here’s what Gen Z looks for in a financial modelling certification course

Posted on by Imarticus Learning

When we talk about generation Z or centennials, we refer to all those born between 1997 and 2012. They are the generation that precedes the millennials and has specific characteristics that affect their view of the financial world. Centennials are at the point where they are beginning to build their professional future and are also starting to earn an income.

Although they are a curious generation that wants to be prepared, they do not always have the right tools to do so. Before we talk about what they are looking for in financial technology courses, we need to understand their financial habits and what they think about the industry.

Gen Z’s Financial Habits

Gen Z stands out for having a strong interest in their finances since pre-adolescence as a result of having witnessed the problems faced by millennials. The fact that they have had access to IT tools from an early age has driven these young people to be self-taught. This generation is looking for financial security and stability, and having grown up with technology, they seek to do so through this medium.

However, there are other things we cannot overlook to understand how this generation functions and what they expect from the world.

  • Approximately 98% of centennials have a smartphone.
  • They spend up to 13 hours a day behind a screen, 3 of which are watching videos.
  • It is estimated that they can concentrate for 8 seconds without being distracted.
  • They currently make up 40% of consumers
  • Most find new products through social networks.
  • Almost all say that cost is the determining factor in a purchase.
  • In a shop, a Gen Z member will always check the price online.

Fintech Courses Online for Centennials

Born in the digital age, they demand services that meet their demands for transparency and constant attention. The high interest shown by this generation in finance from an early age has led to ideal profiles for financial modeling. However, due to their characteristics, training in these subjects must also be adapted to their interlocutors to be successful.

  • Courses must be dynamic and interesting
  • The technological component and its application to the real world are fundamental.
  • Learning directly from industry experts is expected. 
  • A comprehensive and user-friendly digital learning platform is necessary.
  • Preparation for the world of work
  • A course with a strong curricular impact
  • Mentorship

What Is the Career Future of Gen Z?

Today this generation is already showing better use of financial instruments compared to millennials and baby boomers. With a financial planning and analysis course, this generation can open many doors in the professional world. Some of the positions to which they could aspire are:

  • Asset valuation consultant
  • Financial planning lead
  • Equity research analyst
  • Equity market analyst
  • Financial analyst
  • Project finance manager
  • Mergers and acquisitions senior analyst
  • Corporate finance manager
  • Business valuation consultant
  • Private equity finance manager
  • Equity analyst
  • Asset and wealth management associate

Imarticus offers the Financial Analysis Prodegree in Collaboration with KPGM which has everything Gen Z is looking for in financial modeling. The career opportunities and the course content are perfect for sharp minds with an appetite for the financial world. 

Every generation changes the rules of the game and companies must adapt to the terrain to survive. However, the rule is always the same: innovation as a solution to provide services that meet the needs and desires of customers, whatever their age.

Discover the foundations of a successful career in credit risk management

Posted on by Imarticus Learning

If you’re interested in pursuing a career in credit risk management, it’s essential to learn as much as you can about the field. This blog post will discuss the foundation of a successful career in credit risk management. We’ll talk about what skills you need to develop, what education you need to obtain, and what experience you should gain. By following these tips, you’ll be on your way to a successful career in CRU in 2022! 

According to Statista, the United States held more than 36% of the worldwide market share for information and communication technology as of 2022 statistics (ICT). The EU came second with a market share of 16 percent, followed by 12 percent, and China ranked third with 12 percent. It means that the United States is a global leader in ICT.

What is credit risk management?

The credit risk management and analyst course aims to minimize the potential for financial losses by assessing and managing the risks associated with extending credit. To achieve this, credit risk managers use various methods to determine the overall threat posed by individual customers and loans. It can include anything from reviewing a customer’s credit history to analyzing their current financial situation.

For example, suppose a customer has poor credit and has several accounts open at banks known for giving out loans easily (high risk). In that case, this may indicate to the credit risk manager that they need extra attention. 

How to get started in a career in credit risk management?

Credit risk managers are responsible for assessing and managing the risks associated with extending credit. It can include reviewing a customer’s credit history or analyzing their current financial situation, among other things. 

Here’s what you need to consider if you’re interested in working in credit risk management:

Skills:

  • Analytical thinking– a credit risk manager must identify the root cause of a problem and develop an appropriate solution for it.
  • Communication– the ability to communicate effectively with peers, management team members, and customers is essential in this job because they need to make sure everyone understands what’s going on at all times.
  • Critical thinking- credit risk managers must think outside the box and develop innovative solutions to complex problems.

Education:

  • A bachelor’s degree in finance, economics, business administration, or a related field is a must for this job. However, some companies may also need a Master’s degree.

Experience:

  • Credit risk managers typically have at least five years of experience working in their field. However, if you want to advance your career as quickly as possible, knowledge will help tremendously! It would be best to get involved with projects outside of work to show your dedication to the field.

Discover a career in credit risk management courses with Imarticus Learning

Acquire a robust toolbox to help students grasp India’s credit environment, study the complete loan evaluation and due diligence procedure, and conduct financial analysis with this 145+ hour Credit Risk and Underwriting Pro degree.

Course Benefits for Learners:

  • Learn in-demand skills and gain access to high-value tools with a rigorous, case-study-based curriculum developed in collaboration with Moody’s Analytics.

  • The only credit risk certification educates students on the lending environment, credit underwriting, legal and regulatory requirements, and the impact of emerging technology.

  • Credit risk analyst courses assist students in meeting and exceeding employer expectations by developing their business and analytical skills and offering an awareness of the Banking, NBFC, and Credit sectors.

Contact us through the chat support system, or drive to one of our training centers in Mumbai, Thane, Pune, Chennai, Bengaluru, Delhi, and Gurgaon.

Here’s why non-engineers are opting for IIM Calcutta Investment Banking and Capital Markets certification

Posted on by Imarticus Learning

The IIM Investment Banking and Capital Markets course is the ideal stepping stone to excel in the financial sector. Although we are increasingly talking about technology and the impact of engineering, the world of finance is growing and evolving.

Now you can be fully prepared thanks to this pre-program that Imarticus has created with IIM Calcutta. The financial sector is looking for experienced professionals with solid knowledge in Investment Banking and Capital Markets.

Why Take the IIM Calcutta Investment Banking Certification?

You will gain knowledge in the main activities and services of investment banking, for example:

  • Financial analysis and diagnosis
  • Valuation of companies
  • Financial advisory services
  • Financial structuring of projects

Investment banking assists individual clients, private companies, and governments in their efforts to raise capital. Investment banking positions itself as an agent for raising such funds to place securities in the capital markets.

Why Is A Capital Markets Certification Course Important?

The capital markets promote the development of companies, since being a financial market here are made buying and selling financial assets listed on the stock exchange. Through this market companies acquire financing and channel it to convert it into product development. 

Among the topics you will see in-depth in the program are:

  • mergers, acquisitions, and restructurings
  • portfolio fund management
  • securities market research and valuation
  • securities market sales and trading
  • securities market regulations
  • financial accounting and analysis
  • financial management
  • financial economics
  • debt capital markets
  • equity capital markets

Benefits of The Imarticus And IIM Calcutta Programme?

The program remains at the forefront of current trends, throughout the course you will witness different methodologies that ensure engaged learning. Through case studies and current examples, you will have the opportunity to expand your skills and reinforce your knowledge. The program offers you the opportunity to learn not only the fundamentals but also advanced modules.

  • Foundation modules: financial management, financial accounting, and analysis, financial economics.
  • Advanced modules: equity capital markets, debt capital markets, mergers, portfolio fund management, acquisitions and restructurings, the securities market.

There are several benefits that make the difference between the IIM Investment Banking and Capital Markets Course and Imarticus. This program is perfect for professionals with experience in the financial sector. Here are some of the main advantages:

  • On-campus immersion
  • State-of-the-art curriculum
  • IIM Calcutta Executive Education Alumni Status
  • Unique teaching

What is a Capstone Project?

The course culminates in a Capstone Project that will help you apply what you have learned in a practical way to confidently enter the job market. This final project consists mainly of:

  • Applying what you have learned during the course.
  • Boost your profile with the new knowledge and skills acquired.
  • Gain practical knowledge through exposure to the real world.
  • Testing your acquired skills and knowledge.

In short, knowledge and experience in capital markets and investment banking is essential to succeed in such a competitive sector. The ability to make decisions and develop strategies that help companies achieve their goals is highly valued.

The IIM investment banking & capital markets course will not only prepare you for real-world situations but will also help you build an excellent network of contacts through contact with some of the best professors in the country. If you are on your way to building your professional career this is the ideal program for you, plus as a bonus when you become an Alumni you will get 5% on any IIM Calcutta program.

Credit Risk Management Course Trends in 2022: What’s New?

Posted on by Imarticus Learning

Credit Risk Management Course Trends in 2022: What’s New?

Following the global financial crisis faced by people worldwide, 2022 aims to perform financially better, with fresh trends in risk management practices. Credit risk management courses equip learners with the right tools for enhanced risk management under volatile times, when market conditions are unpredictable.

Courses are dramatically switching their approach towards redefining risk management tools. They are fine-tuning them in alliance with the business environment so the tools can stay relevant even with a change in conditions. 

Credit risk management, in simple terms, is the practice of analyzing and applying techniques to either achieve desired returns on their capital or to effectively deal with the losses inflicted by the inadequacy of capital or loan loss reserves. A career in credit risk management equips learners with the right tools and knowledge of the framework of financial institutions, credit risk management, and its fundamental risks, and the right way to manage these. 

Course trends for credit risk management courses are aligning greatly with the 2022 session, as the past few years brought a significant flip to the financial sector without the tools to deal with such risks. Let’s look at the credit risk management course trends to understand the changes and latest additions!

Changed customer expectations

The advent of innovative bank-related technologies is bringing heavy competition in credit risk management. These tools are extending a full spectrum of financial services through digital modes. Digitization is leading banks to expand the customer experience further, making it more intuitive and valuable. Bank systems are simplifying interactions, and these are prone to transform at a continuous pace. 

Technology and analytics

Credit risk management practices are being affected by technological advancements and analytics. The constant flow of data allows banks to obtain valuable insights, which can be a faster and cheaper way to create risk-management strategies. Monitoring is also simplified due to easy access for background checks using minute information to keep systems as accurate as possible.

Cyberattacks

Tech advancements have brought a fair share of cons with pros, bringing banking systems at risk of cyberattacks. Credit risk management further undergoes risk with the potential threat of unauthorized access that can mess with sensitive store data at end-points of the cloud. Cyberattacks are growing, but the tools are working to protect vulnerable systems against cyberattacks.

Reputation Risk

Reputation risk is a constant risk for banks and companies extending financial services, which is now being looked over by the pandemic-driven strategic plans. Credit risk management practices are subject to change because of it, and an ideal course works towards granting the right skills to deal with the risk.

Human Capital Risk

Credit risk management acknowledges that human capital risk is one of the most widely affected aspects. In addition, the onset of remote working practice has led substantial institutional organs to face issues with identifying and analyzing credit risks as a team. Therefore, credit risk management courses may also explore this aspect and offer insights based on this concern.

Data-Driven Risk Management

The constant data flow can help analyze credit risk through analytical tools towards more well-informed decisions. Data-driven credit risk management gives better ways to deal with the after-effects. Predictive models can also be created with the help of data-driven insights.  

Conclusion

Perceiving the past two years, historically-established trends are no longer relevant in the market. The same goes for courses based on these markets. Individuals hoping to make a career in credit risk management can look for eligible courses following the credit risk management trends, created specifically with current trends and future predictions in mind. These courses will list potential changes and tools, aligned to make these changes easy to handle.

The Fast and the Furious: How the evolution of Blockchain certification is accelerating careers in 2022

Posted on by Imarticus Learning

Blockchain is the base of digital cryptocurrencies that record the data, similar to any exchange, contract, and likes. It is an automated record and is accessible through several computer systems, which are not limited to a single place. 

With digital currencies, blockchain impacts the financial and technical sectors drastically. Without involving the third-party intermediary, the blockchain protects the transfer of property, money, contracts, and likes. Further, due to its stable and reliable features, it is impossible to alter once any information is recorded inside the blockchain.

Today, in this technological era, blockchain is a valuable tool in the economic sector, storing information in chronological order. What makes this technology more valuable is that the central authorized organizations do not handle any of this information and that the users can directly access this information and do the transactions without any third-party involvement. Blockchain securely encrypts user information for carrying out such independent transactions and rarely is there any data breach.

Blockchain accesses information with simplicity, and its potential for relevant contracts and the well-formulated strategies to generate new business models help business undertakings to review and analyze the fundamentals of their business. Though further information is added to the blockchain record, the existing data can neither be altered nor removed from the current catalog. 

There are multiple advantages of Blockchain technology:

  • It establishes trust between different entities willing to engage in business dealings involving transactions or data sharing.
  • It enables sharing data within the business ecosystem where no one, in particular, has the charge.
  • It enhances security by creating an unaltered record of transactions and end-to-end encryption. It removes the chances of fraud and unwanted activity.
  • It increases efficiency and speed and cuts costs by eliminating intermediaries, mediators, and vendors.
  • It helps to track the origins of items.
  • The transaction, once recorded, can never be altered or changed. It increases reliability.
  • It protects the data while providing you the control of it. 
  • At Imarticus, we complete all the aspects of blockchain through the Fintech program.

Fintech Courses Online

Financial technology is the application of financial services to assist financial open financial technologies. Though its use is not restricted to the economic sectors, it expands to education, retail banking, fundraising, investment management, and non-profit organizations.

The Fintech course at Imarticus imparts the correct knowledge of various fintech aspects and operations. It will teach you in detail about financial technology applications through practical training and theoretical learning.

Financial Technology courses

The courses in financial technology provide training in APIs, AI/ML, Blockchain, Big data, lo T and AR/VR because these tools are essential for all the professionals associated with the financial sector. It will also help you understand the financial industry better by imparting the much desired financial expertise. 

In the Fintech course, you will learn the standard modules of finance, financial modeling, machine learning, data mining, analytics, AI, and cloud computing.

The Fintech course is an add-on to your qualification as it helps you analyze the activities taking place in financial technology. After completing the course in financial technology, you will get a lucrative and recognized job.

What not to do while building an investment banking career

Posted on by Imarticus Learning

The world of finance moves at a break-neck speed, and the competition is fierce. Building an investment banking career requires patience, determination, and hard work. While working in this competitive environment, the last thing you can do is make any mistakes that could harm your reputation or hinder success.

In this blog post, we will discuss what not to do while building an Investment banking career so you can start on the right foot from day one!

What is Investment Banking Career?

Investment Banking is a financial services industry that provides wealth management, mergers, and acquisitions, commercial banking solutions for large corporations. An investment banking career is an excellent opportunity for people who want to work in a high-paying industry. 

It’s also beneficial for those interested in global finance and business. The skills you learn in investment banking can be used in many other industries, so it’s an excellent way to gain knowledge and experience.

What are the common mistakes people make when starting investment banking?

Here are the three mistakes that you want to avoid:

1. Not doing your research

When starting investment banking, it’s essential to research and learn about the industry. It includes learning about the different products and services that investment banks offer and the key players in the market. You should also be familiar with the latest news and trends in the industry.

2. Not networking

One of the most important things you can do in investment banking is network with people in the industry. It includes meeting with clients, potential customers, and other professionals. Networking can help you build relationships and learn about new opportunities.

3. Not having a long-term plan

If you don’t have a long-term plan for your investment banking career, it can be challenging to determine the next steps that you want to take. It will help if you know where you want to end up in five or ten years and how you can achieve this goal. Investing time now will help you reach your long-term goals.

Avoiding these mistakes will help you build a successful investment banking career. By doing your research and networking with people in the industry, you’ll be on the right track to achieve your goals.

Explore and Learn Investment Banking with Imarticus Learning

Students learn about complicated securities and derivatives, their trade-lifecycles, and the services that make up investment banking operations. These 180-hour powerhouse Certified Investment Banking courses will thoroughly prepare students for a job in investment banking operations, treasury, and clearing services. 

This alliance will provide learners interested in pursuing careers in investment banking with access to the LSE Group Academy’s best-in-class learning content, delivered by top-rated professors.

What students draw from this course:

  • Students at Imarticus Learning are working in most worldwide investment banks with the CIBOP credential authorized by the London Stock Exchange!

  • Impress employers & showcase skills with Investment banking courses recognized by India’s prestigious academic collaborations.

  • World-Class Academic Professors to learn from discussions and live online sessions

6 tips to become a winning chartered Financial Analyst

Posted on by Imarticus Learning

A financial analyst examines data carefully in order to spot opportunities or to assess the results of corporate actions or investment suggestions. Within a corporation, they can work in both junior and senior roles, and it’s a specialization that frequently leads to further opportunities.

What is a Financial Analyst?

Financial analysts analyze financial data and apply what they learn to assist businesses in making choices. Their research is frequently used to guide investment decisions for businesses. They frequently suggest a plan of action, such as selling or purchasing a company’s stock, depending on the company’s overall performance and prospects.

An analyst must be up to date on current events in the field in which he or she works, as well as be able to create financial models that can forecast future economic situations for a variety of factors.

Financial analysts do not all analyze stock or bond markets or assist their companies in making investments. Companies may also engage an analyst to evaluate the cost-effectiveness of various marketing strategies using numerical data.

6 Tips to Become a Winning Chartered Financial Analyst

1 – Financial analysts must be careful in acquiring macroeconomic data as well as data on particular organizations, specifically examining their financial fundamentals through balance sheets. Analysts should read extensively on their own time to remain current with financial news. The Economist, The Financial Times, and The Wall Street Journal, as well as financial websites, are common sources of information for analysts.

2 – Junior analysts who master PowerPoint presentations, databases, and spreadsheets, as well as other software tools, have the best chances of succeeding. Senior analysts who put in significant hours, create interpersonal ties with superiors, and mentor junior analysts are the most effective. Analysts who are promoted learn to improve their interpersonal and communication skills by giving impressive written and oral presentations to senior management.

3 – Analysts typically communicate with one another as coworkers while reporting to a portfolio manager or other senior management position in terms of inter-office procedure. In three to five years, a junior analyst can advance to the position of senior analyst. Senior analysts who want to develop their careers can work as portfolio managers, investment bank partners, or senior managers in retail banks and insurance companies. Some analysts work as financial consultants or investment advisors.

4 – Financial analysis is a large area with several career and paths job titles to choose from. Analysts who work for the following companies fall into three groups in the financial industry:

  • Companies that work on the buy-side (investment houses that manage their funds).
  • Companies that work on the sell-side
  • Financial institutions

Regional and local banks, insurance firms, real estate investment brokerages, and other data-driven businesses may hire financial analysts. A financial analyst might possibly provide value to any organization that routinely makes crucial decisions regarding how to spend money.

5 – As an analyst, you’ll probably be traveling a lot. Some analysts go on on-site visits to businesses to get a firsthand look at how they operate. Analysts also regularly attend conferences with peers who specialize in the same area.

Analysts learn how to use spreadsheets, relational databases, and statistical and graphical software in the office. These tools are used to provide suggestions to top management and to create extensive presentations and financial reports that contain predictions, cost-benefit analysis, and trend analysis. Analysts are also responsible for interpreting financial transactions and ensuring that papers adhere to regulatory requirements.

6 – The requirements to work as a financial analyst are less rigorous and well-defined than those for many other high-paying jobs. Unlike law and medicine, there are no educational requirements that must be met throughout the profession. Whether or not you need a license is determined by a variety of circumstances, including your company and employment tasks.

Conclusion

Strong quantitative abilities, expert problem-solving skills, reasoning competence, and well above communication skills are required for a successful job as a financial analyst, regardless of degree. At Imarticus we offer a chartered financial analyst course and several financial modeling courses that will help you develop all the skills you require tolearn financial analysis. Come and visit our website today to obtain more information.

What attracts business enterprises to credit risk analyst courses?

Posted on by Imarticus Learning

Businesses have many different areas in which they can specialize. One area that has become increasingly popular in recent years is credit risk analysis. This field involves studying and assessing the risks of lending money to businesses and individuals. 

Due to the importance of this task, many business enterprises are now turning to credit risk analyst courses to learn the necessary skills. This blog post will discuss why businesses get drawn to this type of training.

The increased demand for credit risk analysts in the business world

According to the U.S. (BLS) Bureau of Labor Statistics, job growth in this field will be around five percent from 2019 to 2029. In India, the average salary for a Credit Risk Analyst is 10,58,589 rupees.

Businesses need to ensure that their employees access the latest relevant training. These courses provide in-depth knowledge about the various aspects of this field, and they are therefore becoming a progressively popular option for businesses.

What are businesses looking for in their credit risk analysts?

Credit risk analyst courses are significant in the business world. The reason is that technology keeps changing and expanding. Businesses have to keep up with this change to continue to grow. That is why their employees must attend these courses. Credit risk analysts are vital in the decision-making process for lending money.

For a business to be successful, the credit risk analysts must possess these skills:

Analytical Skills

The ability to analyze data is essential in this field. Credit risk analysts need to examine financial statements and assess the risks associated with lending money.

Critical Thinking Skills

Credit risk analysts also need to be able to think critically. They need to identify potential problems and come up with solutions.

Organizational Skills

This skill is vital for credit risk analysts to stay organized and keep track of all the information they collect.

Communication Skills

The ability to communicate effectively is also vital in this field. Credit risk analysts need to explain their findings and make recommendations based on their analyzed data.

Why will credit risk analyst courses be in high demand in 2022?

Credit risk analyst courses are essential in the business world because of the technology. Technology is constantly changing, and businesses must keep up with this change. That is why their employees must attend these courses.

In 2022, there will be a high demand for credit risk analysts because of the global economy. The global economy is overgrowing, and businesses need to keep up with this change to grow.

Discover Credit risk Management Courses with Imarticus Learning

The only credit analyst courses globally teach students about the lending environment, credit underwriting, legal and regulatory requirements, and the impact of new-age technologies.

Course Benefits for Learners

  • The industry-focused practical curriculum adheres to globally accepted standards and includes recent global trends and best practices.

  • Learning technique consists of 145 hours of live lectures, five case studies, and social learning.

  • After finishing these credit risk management courses, students will get awarded an industry-recognized Certificate of Excellence in credit risk and underwriting. 

Finance Edition – Money Management in 2022

Posted on by Imarticus Learning

Be it an individual or a company, everyone needs to manage their funds and use them wisely. It is why companies hire money management experts to utilize their capital wisely. Usually, business organizations rely on investment bankers for money-related advice.

Most people are unaware of the basic concept of money management. By knowing about money management, you can also boost personal growth. Are you looking for an investment banking course to learn money management skills? Read on to know more about money management and the best investment banking certification course. 

Understanding money management 

Planning how to spend the available capital comes under money management. It includes saving, tracking, and spending the available funds. Even big business owners also need help with money management. They cannot just keep their capital stored in a locker for ages. They need to invest the available capital and grow it over the years. All these processes come under money management. 

Investment bankers are usually the ones who have excellent money management skills. If there is a good investment opportunity that can grow your capital size, investment bankers will identify it. Many investment banks have HNI and UHNWI individuals as their clients that need help with money management. If you are preparing for a job in the investment banking sector, you should have some money management skills. Money management skills will help you manage personal finances effectively. 

When talking about corporate finance, money management is concerned with budgeting. A company’s budget is created based on the marketing strategies and overhead expenses. Currently, there is a lack of skilled investment bankers that are into corporate finance management.

It is why business organizations are ready to pay a hefty amount to young investment bankers that can help them with money management. You can choose a reliable money management course and grab a lucrative job deal in 2022. 

Money management skills to learn in 2022

Some money management skills an investment banker should know in 2022 are as follows: 

  • An investment banker should know the 70/20/10 when it comes to money management. According to the 70/20/10 rule, 70% of the money should be allocated for necessary expenses and bills. 20% of the available money can be allocated to debt and savings, while 10% of the money can be spent on wants. Some corporate entities also follow the 50/30/20 rule while creating corporate budgets.
  • Corporate entities hire money management experts to set financial goals. If you are an aspiring investment banker, you should be able to evaluate the current financial performance of any company. Based on the current financial situation of a company, financial goals are decided.
  • Debt management is one of the crucial tasks in money management. No company wants to sink in the ocean of debt and hamper its business continuity. Investment bankers help corporate entities to decide their repayment capacity. Based on the repayment capacity, debts are taken by entities to meet financial obligations. 

These were some of the necessary money management skills for investment bankers in 2022. We at Imarticus Learning have bought a specially-designed course for young investment bankers looking to make a mark in the industry. Our CIBOP course is best to learn investment banking skills in 2022. 

Why rely on the CIBOP course?

We offer the CIBOP course to young investment bankers in association with the London Stock Exchange Group. It consists of an industry-oriented curriculum that will make you aware of the trending practices in the investment banking sector. Towards the end of the CIBOP course, we will help you get a lucrative job offer and kickstart your investment banking career. Join the CIBOP course and learn money management skills in 2022!

What is digital lending and how can financial institutions benefit?

Posted on by Imarticus Learning

With the evolution of technology, the financial sector has benefitted a lot. It takes away the grunt work and lets humans work for the things that AI is still unable to do. For example, strategizing, planning, and communicating. Now, as an added benefit there is another product of technology that has come to the aid of financial institutions.

That is, of course, digital lending. It benefits financial institutions in more than one way. And as the finance sector is booming now with new opportunities, this could not have arrived at a better time. 

This is why credit risk management courses should be the go-to next step for any finance student thinking of building a stable and prosperous career. Thankfully, there are lots of institutions in India that provide a compact credit analyst course.

Imarticus Learning with its legacy of opening new horizons to students of all major sectors obviously has also brought forth a solution for them. The credit analyst certification course does not only provide you with a lot of real-world experience and exposure, but here you can hone your skills to such a degree that will put you ahead of your peers. Now, let us take a look at the essence of digital lending and how it benefits financial institutions.

What is digital lending?

Digital lending is a technological process that helps financial institutions to provide faster customer service at the point of sale. It also boosts the company’s productivity as well as loan profits. Another major benefit of this technology is that it helps potential borrowers to seek loans from any internet boosted device from all around the world. This process is technically not new, although its practice has increased a lot in recent years. 

Benefits of digital lending

Although there are innumerable benefits of digital lending in the finance sector, there are four major ones that must be mentioned. They are, as follows:

 

  • Transparent application process: Digital lending makes the information regarding lending and borrowing of loans available digitally. This goes a long way to improve the borrower experience due to the transparency of information and reduces the decision-making time. As everything is available for the parties involved to oversee and are automatically updated, there are fewer chances of incomplete files delaying the process. This, in turn, betters communication between parties and provides a smoother experience for everyone around.

 

 

  • Analyzing information: As all the information regarding lending and borrowing can be accessed from one interface, the analyzing process of said data also becomes easier. The reason is in cases, companies can also digitalize the analytics and intelligence units.

 

 

  • Mobile applications: As everyone around now lives a busy daily life, the usefulness of employing mobile applications for these tasks is unparalleled. That is another benefit digital lending provides, as it enables you to put in your information as well as signature through the applications via an e-signature feature.

 

 

  • Helping the needy and no-credit customers: In traditional lending practices, the emphasis on credit scores hampers the process for needy and no-credit customers. Digital lending enables these customers to seek loans with no hassle for short-term lending.

 

With the boom in the finance sector, the benefits of digital lending are unmatched. This is why for students looking into a finance career, a credit analyst course will provide them with a better edge. Check out Imarticus Learning’s credit analyst certification course to ace these skills and give your career the boost it needs.