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Tag: best career options after graduation

All about Digital Lending Models: Driving factors and benefits

Posted on by Imarticus Learning

Digital Lending business models have taken over the globe. These business models have increased the profitability of lending activities while making applying for loans easier for consumers. It has been estimated that the market size of the digital lending market will reach $12.1 billion by 2023. This is a huge CAGR (Compound Annual Growth Rate) of 18.7% as compared to 2018. Digital lending is faster, more efficient, and cuts down costs for both lenders and consumers.

Digital lending models also help financial firms expand exponentially without the need to physically be present in various cities. With new technologies to support digital lending, taking a loan has never been easier. Similarly, for companies, lending money has never been faster.

Onboarding new users have become easier due to this. Credit risk management courses and credit risk modeling courses also place a lot of importance on digital lending business models. Now, let us check what is a digital lending and why it is so popular in modern times.

What is Digital Lending?

Digital Lending is a method of disbursing loans through applications or other electronic mediums. Compared to traditional lending, digital lending is faster, efficient, and more convenient. Through automation and analytics, most of the pre-lending requirements are taken care of, thus, helping companies determine which users are eligible for loans.

This also helps decide upon the credit limit for users based on their credit history or payment history. With the incorporation of technologies such as blockchain and encrypted applications, digital lending applications or portals have never been safer.

Here are the 2 main types of Digital Lending Business Models for common consumers:

  • Third-Party Loan Market: This digital lending model is based on showcasing loans from various banks and financial institutions through a specific portal. Peer to Peer lending is also another variation of this business model. Peer to Peer model helps match borrowers and lenders through a common platform.

  • Lending Applications and Online Lending portals: This model is based on lending loans or credit through mobile apps or online portals directly to users. The Line of Credit model is another approach to this and many lenders are using this model for disbursing funds that are available as credit.

There are also 3 other digital lending business models for working with other businesses and organizations:

  • SME Lending: Digitally lending funds to small and medium-sized enterprises
  • Supply Chain Financing: Financing products or resources directly from wholesale sellers or marketplaces.
  • Invoice Financing: Providing working capital based on customer invoices that are unpaid. This helps in meeting liquidity requirements that are short-term.

Driving Factors of Digital Lending Models 

Here are the main driving factors for digital lending:

  • There are fewer regulations, rules, and compliance requirements.
  • Most consumers have access to the internet, this makes it easy for Fintech companies to reach out to their borrowers.
  • Millennials are huge fans of convenient methods. Since applying for loans online or digitally is faster and easier, they are more likely to use digital lending apps.

Conclusion

The key benefits of digital lending models are faster loans with quick disbursements and the need for minimal documentation. Having a credit history is also not a necessity for digital lending models and companies are open to lending funds to first-time borrowers as well. Especially for millennials, there is nothing better than digitally borrowing money.

Good Credit risk management courses and credit risk modeling courses  such as the Credit Risk and Underwriting Prodegree from Imarticus can help professionals understand more about analyzing the risk involved with digital and traditional lending models

5 Fintech trends that will completely change banking

Posted on by Imarticus Learning

The banking industry is changing, and the change is happening fast. Technology has changed many aspects of our lives, and now it’s changing how we manage money. Trends are emerging that will completely transform the way people use a bank. The following five trends are just a few examples of what you need to know about to stay ahead in this competitive world!

1. The increasing popularity of mobile payments

As many people are now using their phones for everyday transactions, the demand for mobile-friendly banking services will continue to grow. 

Already, several fintech startups are offering innovative mobile payment solutions. Some of these include:

  • Apple Pay
  • Samsung Pay
  • Google Wallet
  • Venmo
  • Zelle

These services allow users to make payments using their phones by simply scanning a QR code or tapping their phone against a contactless reader.

2. The rise of peer-to-peer payments

Peer-to-peer (PTP) payments are transactions between two individuals without the involvement of a financial institution.

PTP payments have surged in popularity in recent years, as people have become increasingly comfortable with the idea of transferring money electronically. Services like Venmo and Zelle have made PTP payments faster, easier, and more convenient than ever before.

Shortly, we can expect to see even more widespread adoption of PTP payments as people look for ways to avoid paying high transaction fees.

3. The growth of blockchain technology

Blockchain is a distributed ledger technology that allows secure, transparent, and tamper-proof transactions. It can revolutionize the financial sector by making it easier and faster to transfer money worldwide.

Already, several startups are using blockchain technology to create innovative banking solutions. Some examples include:

  • Ripple
  • Marquise Technologies
  • BitPesa

We can expect to see even more blockchain-based banking solutions in the years ahead.

4. The rise of Robo-advisors

Robo-advisors are automated investment services that provide users with low-cost, algorithmically determined portfolio management advice. Instead of relying on human brokers and financial advisers to make decisions for them, Robo-advisors invest their clients’ money using a predetermined set of rules. 

Robo-advisors have been growing in popularity in recent years as more and more people become aware of their benefits. We can expect to see even more Robo-advisors enter the market soon.

05 . The increasing demand for financial literacy

In the past, most people relied on their financial institutions to teach them about personal finance. Financial institutions have realized that they need to educate their customers about money matters and turn to fintech startups for help.

Discover More With Fintech Programs Online with Imarticus Learning

The ONLY Financial technology course covers every vital industry component. At the same time, it also provides hands-on experience with popular technologies, including APIs, Blockchain, Cloud Computing, AI, Machine Learning, RPA, IoT, and Big Data. This course will improve your Fintech certification expertise by providing students with hands-on training from industry professionals, real-world case studies, technology projects, and meaningful interactions with FinTech industry leaders and entrepreneurs.

Course Benefits for Learners:

  • Every participant needs to work on a forward-thinking FinTech initiative, which can signify a paradigm change in corporate processes.
  • The course’s dynamic, real-world application of what students have learned will immerse them in the FinTech world while giving a unique insight into today’s business issues.
  • Impress employers & showcase skills with Financial Technology courses recognized by India’s prestigious academic collaborations.

Do you need an MBA to move ahead in Fintech?

Posted on by Imarticus Learning

You need an MBA to move ahead in Fintech because any business interacting with the financial industry will require a diverse understanding of finance and technology. If you have a diverse background and specific skillsets for managing money and investing wisely, you can move up the ranks! To learn more about how to do so, we’ve compiled some insights from experts into five steps that will help you move ahead in Fintech.

Fintech: A Basic Overview

Fintech uses technology to improve and disrupt the traditional financial services industry. You can use it to create new products, processes, or business models.

The financial crisis of 2007-2008 highlighted the need for improved transparency, risk management, and regulation in the banking sector. There was a surge in investment into Fintech startups in response to this.

Banks and other financial institutions now use Fintech to improve their products and services. It can help them become more efficient, reduce costs, and provide a better customer experience.

Here are, Five steps to move ahead in Fintech:

Step One: Have a Diverse Background

One of the best things to move ahead in Fintech is to have a diverse background. It means having experience in various fields, including technology, marketing, and finance. With this type of foundation, you’ll be able to hit the ground running and learn new things quickly.

Step Two: Develop Your Skillset

In addition to having a diverse background, you should also spend time developing your skillset. It means making sure that you’re truly knowledgeable about the latest technologies and theories in finance, investing, and business.

Step Three: Networking

Networking is essential to moving ahead in any field, and Fintech is no exception. Attend industry events and meetups, and connect with as many professionals as possible. You never know who you’ll meet or what opportunities will arise!

Step Four: Stay Up-to-Date

As you can imagine, Fintech is a constantly evolving field. Staying up to date with the latest technologies will help you move ahead in your career. Read articles, watch videos, and subscribe to the leading blogs in the industry so that you can continue learning about the latest trends.

Step Five: Find employment using relevant skills.

If you’re about to graduate or are simply looking for a way to move ahead in Fintech, now’s the time to brush up on your resume and start applying. Many MBA graduates recommend tailoring your resume by adding relevant keywords which you’ve discovered during courses and workshops at business school.

Discover MBA in Fintech course with Imarticus Learning

The MBA in FinTech course allows students to apply what they’ve learned to real-world business challenges and circumstances. If students want to be a FinTech specialist and boost their professional chances, their quest stops here, and a fantastic FinTech learning experience begins.

Course Benefits for Learners:

  • This online MBA course covers every critical industry component while also providing hands-on experience with cutting-edge technologies like APIs, Blockchain, Cloud Computing, AI, Machine Learning, RPA, IoT, and Big Data.
  • Students get access to Fintech networking events, job boards, and webinars to help them make the most of their Fintech education and open doors to new employment prospects.
  • This online certification course for MBA students extensively examines the many paradigms of New Age FinTech, providing students with a high-quality learning experience.

Keeping up with digital lending trends in 2021-2022

Posted on by Imarticus Learning

Digital lending is the practice of banks and other organizations like credit unions offering improved consumer experience. This is usually for borrowers who require access to specific products within a certain time frame. Digital lending is constantly evolving and newer trends are being introduced. To learn these trends, one can opt for a credit risk analyst course.

The CRU course from Imarticus Learning can assist students in learning about the newest developments in digital lending platforms. 

Trends in Digital Lending

Following are a few trends in digital lending that have been seen in the past year and will continue to influence the industry. 

 

  • Tech-Powered Underwriting

 

Legacy credit systems usually use limited data pools to calculate the credit score. This is why the systems often fail to detect potential risks and are not able to quantify them. Therefore, to avoid such errors, there is a need to introduce and use technological solutions.

Advancements in technology have enabled professionals to streamline processes involved in underwriting and automate specific tasks so that credit scores can be calculated more accurately and all risks are quantified. Those who wish to learn credit risk underwriting should choose a course that includes this trend of tech-powered credit underwriting. 

 

  • Enhanced Efficiency Through Partnerships

 

Inaccurate credit score and risk analysis, and underwriting, there is a need to source from different data points. For this, businesses will have to partner with third-party processors, technological firms, government companies, credit bureaus, and even FinTech organizations. Such partnerships help to provide more data and assist with various processes like credit scoring, ID scanning, verification, and digital and thus allow the business to become more efficient. 

 

  • Organizational Transformations

 

In digital lending, the central concepts or the power centers were the credit, risks involved, and operations. However organizational transformation within the sector is focusing on technological advancements and data. As underwriting and digital lending processes become automated, these are likely to become the new power centers of organizations within the industry. 

 

  • New Industry Regulations

 

One of the benefits of digital lending is the current regulations that enable it to become more mainstream. These new regulations do not just focus on consumer protection, but offer validity and credibility to digital lenders, allowing them to be practicing professionals in the field. This trend will continue to grow in the coming years, as digital lending becomes recognized as a part of the financial industry. 

Understanding Credit Risk Underwriting for Digital Lending

To learn credit risk underwriting and understand how it influences the latest trends in digital lending, one can choose the Credit Risk and Underwriting Prodegree from Imarticus Learning. The Credit Risk and Underwriting Prodegree is a course that is open to freshers as well as working professionals. It is in collaboration with Moody’s Analytics.

This credit risk analyst course from Imarticus Learning includes an industry-oriented curriculum that has been created by experts who understand the current business needs as well as the upcoming trends. Students will learn about the country’s credit landscape and understand how the new trends in digital lending will affect and benefits the industry.

The course also includes modules that teach loan assessment and financial analysis. Since Imarticus Learning collaborates with Moody’s Analytics for this course, the certification offered is industry-level and will help students land rewarding jobs in their areas of interest and expertise.

The Credit Risk and Underwriting Prodegree from Imarticus Learning will be an online course. But students will be able to interact with instructors, ask questions and participate in discussions or interactive sessions. This will also help them build the necessary soft skills that will allow them to sit for interviews. 

The Credit Risk and Underwriting Prodegree will teach the benefits of digital lending and students will obtain practical knowledge in the field. This will help them secure jobs in leading organizations and even transition to a lucrative career.

The future of banking and finance courses after graduation: Spheres to expand

Posted on by Imarticus Learning

Banking and finance courses have always been in-demand after graduation. These are the most significant pillars of the economy. Even with the changes in technology, these sectors are growing consistently making them popular courses to pursue after graduating from 12th or colleges. The advancement of financial technology is one of the reasons why it is getting more and more popular. 

Unlike the earlier time, the prospects of a career in these sectors are not confined to clerical jobs. Several technology-oriented jobs in the banking and finance sector lure more graduates into this field. They can choose financial accounting, NMIMS Distance MBA, or other banking courses after graduation. 

Benefits of choosing banking and finance courses

  • There are plenty of job opportunities with multiple job profiles
  • Attractive salaries both within India and abroad
  • Perfect for career growth and for reaching the top levels
  • Ideal for highly ambitious professionals
  • Provides job security and satisfaction
  • Good opportunity for skill development in various fields
  • Most importantly, these two sectors will sustain even during a recession as they are the backbone of the economy 

Career options in the finance and banking sector

Apart from the well-known careers such as bank manager, financial accountant or financial risk manager, other flourishing career options are also highly rewarding. A few of such career options are, 

  • Asset Manager
  • Audit Clerks
  • Bank Teller
  • Book-Keeper
  • Business Analyst
  • Certified Public Accountant (CPA)
  • Credit Analyst
  • Equity analyst
  • Financial Manager
  • Financial Service Representatives
  • Foreign Exchange Trader
  • Internal Auditor
  • Investment banker
  • Loan Officer

Banking courses after graduation

There are bachelor’s degree courses, master’s courses, and various other diploma or certification courses available, both online and offline. 

Bachelor’s and Master’s courses

The Bachelor’s courses are available in sections such as Banking and Finance, Financial Accounting, Statistics and Business, Banking And Insurance, Commerce, etc. The respective master’s courses are available in these fields. 

The other options for a master’s degree include Financial Mathematics, Monetary and Financial Economics, or the likes of M.Voc in Banking, Stocks, and Insurance, etc. 

An MBA in finance is a game-changer. One could choose an offline course from a leading university or an equally compelling online course accredited or offered by famous universities. One such example is the NMIMS Distance MBA online course. 

Diploma and certification courses

As for the diploma certification courses, they can be short-term or long-term up to 12-18 months duration. These certification courses are niche courses that help you specialize in a specific field. Examples of such courses are, 

  • Advanced Certificate in Banking Laws and Loan Management
  • Diploma in Banking Services Management
  • Graduate Certificate in Banking Security
  • Graduate Diploma in Banking and Finance Law
  • Post Degree Diploma in Economics and Global Banking
  • PGP In New Age Banking (PGPNAB)

Regardless of the course that you choose, most of them focus mainly on banking principles, financial services principles, managing investments, investment regulations, and credit. 

The cost of these courses varies depending upon the type of course, the institution, and the specific curriculum. Certification courses are one of the best options for beginners. 

Conclusion

The future of banking and finance is technology-driven, and the graduates can expand their career options only with the help of technology-assisted courses. Analytical jobs are one of the most sought-after career options. Artificial Intelligence and Machine Learning integrated courses are also a good option. Having an MBA gives the much-needed push for the career. 

So the future of fintech and banking courses holds high regard. One must expand their horizon to get more opportunities. 

Beyond the spreadsheet: A career transition from sales to investment banking operations

Posted on by Imarticus Learning

Transitioning from sales to investment banking (IB) can be quite hard to do. Especially, when as a sales analyst it is already presumed that you will be completing a two-year term. So, if halfway through your first year you declare that you will be moving to investment banking, then it will raise certain questions about your sincerity and work ethics. There is, however, a more practical problem related to it.

That would be the lack of training as an investment banking analyst. Since the training programs required for a sales analyst and investment banking analyst are completely different, the transition would be hard to make. And obviously, the teams within the IB department will look for a candidate who already has proper training. So, they will be reluctant to take you on. 

In this situation, the best thing to do would be to wait and complete your two-year term as a sales analyst. In the meantime, you can do a proper course that will help you prepare for your investment banking career path. Now, there are a lot of institutions in India that provide short-term investment banking courses. Imarticus Learnings is a leading one among them.

With its CIBOP course, you will not only get tremendous exposure but also placement support that will put you leagues ahead in your career in investment banking. Here, we are going to discuss the way to become an investment banker in detail. 

Way to Become an Investment Banker

There are a few steps you need to follow that will help you to land better jobs and get ahead in your career. 

  • Build connections: This is the primary thing you need to follow for a career in investment banking. Especially, if you want to work in any specific firm. If you know someone working there, like college alumni, then make sure to talk to them and learn about the internal processes. If not, then LinkedIn is your best friend. Find people there or find someone who can introduce you to someone working there. This will help you a lot in the long run.
  • Build a good resume: Interviewers look for past interest and experience with finance in your resume. Try to join finance clubs or other banking-related activities in your institutes. This will make your resume even more appealing.
  • Prepare extensively for the interview: Notably, interviews mostly revolve around technical, problem solving, and behavioral questions. So, the thing that will probably help you best is if you prepare for said questions beforehand. Questions asking to introduce yourself and why do you want to work in investment banking are common behavioral questions.Now what matters is how much of a good answer you can provide. You should aim to prepare a few personal stories that can get reused and restructured to answer all of these. Technical questions are where your skills are tested. So, prepare early for questions related to DCF, LBO, and other technical aspects.

At the end of it, the best thing you can do for yourself is to learn from the best to prepare for your investment banking career path. So, do check out Imarticus Learnings’ CIBOP course to get ahead in your career in investment banking.

The Revolution of Capital Markets – All That You Need to Know

Posted on by Imarticus Learning

Capital Market is where the trading of financial securities between buyers and sellers takes place. It mainly focuses on the long-term securities of these bonds. Depending upon the magnitude, the role of a capital market can be directly connected to a nation’s economy, with any change in one can cause ripples in the other one.

This is why a revolution in this industry will have more impact and also why investment banking is a more potential career. The investment banking career is highly competitive and ambitious.   

Role of a Capital Market

The Capital Market includes both the bond market and stock market. Businesses use this market to get funding for supplies and resources. It helps generate a financial market by selling bonds or stocks of a company. 

The bond market is where the trading is mostly on debt securities. Buying a bond does not give any amount of ownership to the business. It simply enables the capital amount to be traded from one party to the other. It is considered as a loan or debt which has to be repaid. On the other hand, the stock market has trading where investors invest in buying shares of a business. 

When stocks are sold, buyers get partial ownership in the business in exchange. To make it available in the market requires the help of a banker who can prepare the necessary documents and complete the processes. 

Importance of Capital Market

  • Capital Market is essential for business owners to get financial aid to expand their business.
  • It reduces the business cost through the global economy and works as a reliable resource for liquidity.
  • It helps the buyers and sellers together in a single platform to boost the economy, nationally and globally. 
  • Businesses can find finance with reduced risks at these reliable markets. 

Investment Banking career

An Investment Banker is a responsible person who advises and facilitates investments for clients or businesses. They will need to keep track of the Capital Markets and act as an interface to help them in capital investments and help them raise the necessary capital for their plans. An investment banker must also have an understanding of the volatility of the capital market. 

People who have a certificate in investment banking can start their careers in this industry. The investment banking career is lucrative as it opens the way for higher compensation. Those who are interested in accounting, finances, or mathematics can easily have a career in this industry. Growth in this industry is faster but it requires performance consistency. 

Best course for investment banking

A certificate in investment banking is valuable when it provides in-depth knowledge in the various aspects of financial and capital markets. Courses like CIBOP ( Certified Investment Banking Operations Professional) are short-term but cover the most relevant aspects in this industry. 

It also helps in placements after providing hands-on experience in trading and other case studies. This will prepare the aspirants to face the common challenges in Capital Markets and investment banking. 

The opportunities in Capital Markets after such courses include the roles of Capital Market Operations Consultant, Financial Analyst, Risk management Consultant, Investment Banking Operations Lead, etc. There are plenty of opportunities for beginners and a career change for professionals. 

Conclusion

Investment Banking is now one of the most popular career options and there is a large pool of talent across the globe. But this is one career that requires working at odd hours to complete a particular pitch book. It is a highly pressurizing job and only those with competitive skills can thrive under the stress. 

Here’s how Financial Analysis Prodegree takes you on a digital journey through different management skillset for the executive level

Posted on by Imarticus Learning

Here’s how Financial Analysis Prodegree takes you on a digital journey through different management skillset for the executive level

Many young individuals choose the finance industry for their careers. The finance industry has been growing continuously over the past decades. A financial analyst is one of the best jobs in the finance sector.

Financial analysts need not stick with traditional banks as they can work in a range of industries. The future is bright for financial analysts due to the increasing focus on data analysis. Read on to know more about the financial analyst job description and how to learn job-relevant skills. 

Financial analyst: definition

A financial analyst is someone who aggregates and analyses financial data for their organization. Financial analysts interpret the aggregated data for insights that could boost business continuity. A financial analyst is also responsible for preparing financial reports and models for business owners or investors. Financial analysts have excellent numerology skills and can understand financial statements. Financial analysts usually come from accounting or finance academic backgrounds.

Job roles of a financial analyst

A financial analyst is not only concerned with analyzing financial data. Besides analyzing data, there are many responsibilities for a financial analyst. The Financial analyst job description in detail is as follows:

  • Financial analysts are responsible for monitoring the financial health of an organization. Budgeting and planning of business strategies are also supported by financial analysts. The actual financial standing and the forecasted financial performance are compared by analysts.
  • Before indulging in a corporate deal, financial analysts perform due diligence for their organization. Due diligence helps financial organizations in signing better corporate deals.
  • Financial analysts help in cash management, liquidity planning, foreign currency settlement, etc. Financial organizations also depend on analysts for identifying better investment opportunities.
  • Financial analysts work closely with the accounting department for creating financial reports. A financial report can depict the company’s finances accurately.
  • Financial trends are identified by analysts that could boost business growth. If any financial risk is observed, financial analysts help in eliminating it.
  • Portfolio management, corporate development, transaction advisory, equity research, and financial valuation are some of the services provided by financial analysts.

How to learn job-relevant skills for becoming a financial analyst?

Educational institutions offer complete courses related to the finance sector. There are not many institutional courses that focus specifically on financial analysis. It is why Imarticus Learning has bought a financial analysis ProDegree course for finance enthusiasts. 

Online training is more apt according to the current times of the COVID pandemic. You will learn from reputed faculty and will understand the tools/technologies used by financial analysts. A financial analyst certification will increase your chances of getting hired. Even if you have completed your bachelor’s in finance, a financial analyst certification course will add more value to your resume. 

Pros of the financial analysis course

It is one of the chartered financial analyst courses that teach job-relevant skills. We at Imarticus offer the financial analysis course in partnership with KPMG, a premier professional services organization. The pros of the financial analysis course are as follows: 

  • From resume-building to mock interviews, we will do our best to provide placement support to finance enthusiasts. The career transition rate of the financial analysis course is high.
  • You can set yourself apart from other individuals by completing a chartered financial analyst course. By gaining industry certification, you might become a financial analyst at a reputed organization.
  • The financial analysis course offers several case studies and hands-on projects that make learning easy and fun. Your entire journey throughout the financial analysis will be closely monitored by expert individuals.
  • With a KPMG-endorsed curriculum, you will learn common practices in the finance industry. You will also get a chance to know about the tools and technologies used by financial analysts in the industry.

 

PGDM in banking and finance: Opportunities and Impact in 2022

Posted on by Imarticus Learning

A Post Graduate Diploma in Banking and Finance opens up avenues to great job roles in the sensitive sectors of finance and banking. A good online MBA course or diploma program introduces learners to the world of strategic management, organizational behavior, human resource management, business law, and business economics.

These are absolutely essential for any senior finance professionals as well; however, in order to open up doors in Finance or Banking, one needs to learn financial accounting, analytics, cost accounting, retail banking, management accounting, and many other subjects that are very crucial for financial or banking sectors. 

Benefits of a Diploma in Banking and Finance

Here are some of the benefits of getting a Diploma in Banking and Finance or finishing an online MBA course:

  • Get better salary packages and more interesting job roles.
  • Prepare yourself for a professional environment with practical training and real-world projects.
  • Keep up with financial technologies and New Age Banking.
  • Industry-oriented training with domain experts and professors who help you solve real-world problems in finance or banking.
  • Learn research methodology and strategic management.
  • Learn treasury management.
  • Understand business ethics, risk, assurance, and governance.
  • Get introduced to Foreign Exchange Management and International Banking.
  • Learn about markets and financial institutes.
  • Understand corporate finance and financial services marketing.
  • Learn corporate banking, investment banking, and retail banking.
  • Learn about governing bodies, corporate law, and business law.
  • Become a master of financial accounting, management accounting, and cost accounting.
  • Master financial analytics and business analytics.
  • Learn about Information Systems and other ERP software.
  • Become a master of Decision Science and Operation Management.
  • Understand human resource management and the relation between financial management and marketing.

Career Options after Graduation

The impact of a PGDM in Banking and Finance is immense. The diploma holder’s value immediately increases in these domains, and thus, opportunities start presenting themselves in the form of management roles and other crucial or respectable roles within large organizations.

Finance is the backbone of businesses, and without financial experts, a business will not be able to manage itself very well. Not just financially, the business will also collapse in terms of organizational stability and operational infrastructure. Bankers experienced in investment banking or international banking are also extremely respected and rewarded handsomely.

Thus, if one decides to pursue banking and finance through a PG Diploma or MBA, then he/she can expect amazing returns in terms of job satisfaction and salary packages. For individuals who have completed programs such as the Post-Graduate Program in New Age Banking from Imarticus Learning (PGPNAB), getting desirable jobs in companies such as Morgan Stanley, Goldman Sachs, Deutsche Bank, J.P. Morgan, HSBC, and BNP Paribas is easy. 

Here are some popular career options after graduation in finance and banking:

  • Private Banker
  • Asset and Wealth Manager
  • Portfolio Manager
  • Investment Banker
  • Global Financial Researcher
  • Business Analyst
  • Financial Analyst
  • Budget Analyst
  • Operations Manager
  • Financial Strategist
  • Market Advisor
  • Business Development Manager
  • Investing Counsellor
  • Credit Manager

Conclusion

With a good program such as the PGPNAB from Imarticus Learning, one can get dual certifications and a salary increment. Imarticus Learning also assures placement support and a 25% salary hike. The PGPNAB is arranged in a manner that students get the Imarticus Learning PGPNAB diploma in 11 months and an MBA from NMIMS in 2 years.

This is extremely helpful for students as they are able to secure themselves jobs while also learning to become finance professionals. Through the PGPNAB, one can also benefit from the option to pay a certain amount of the fees only after getting placed in a company.

Using AI models for credit risk assessments can help financial institutions make smarter decisions to boost the customer life cycle

Posted on by Imarticus Learning

Credit risk may vary differently depending on the type and amount of credit, but now there are new methods to assess it. Artificial intelligence models are the next step up from traditional scoring systems and offer a more nuanced look at your customers.

The use of AI models for credit risk assessment has been on the rise in recent years. It’s easy to see, unlike traditional scoring systems, these models provide a more nuanced view of customers and their financial history.

With this information, you can ensure that reliable data will back any loans or other financial products offered.

This article helps you to understand AI-based credit scoring models and how they help make your business more profitable.

AI-based credit scoring model: 

It is about improving the transparency of credit through increased access to information, higher credit standards, and improved risk assessment.

The big contribution of the AI-based credit score model is not only figuring out people’s real identity or whether they are eligible for loans. Instead, it changes the old idea that people who make more money could easily get a loan.

The model evaluates borrowers not by personal income levels but by risk factors, including employment history, credit report, assets, and liabilities.

This way, when making decisions about an individual’s eligibility for loans without lessening the effect on others in society.

Consumers can be evaluated according to their implications rather than just their income level- thus decreasing the incidence of the poverty cycle.

Benefits of integrating AI credit risk assessment model 

AI is fast, smart, and efficient at making decisions without any biases or emotions getting involved. This means you can make more informed financial decisions based on scale data from the entire population.

AI-based solutions transform credit scoring in several ways. Involving such a model can help the financial institutions as follows:

  • With the support of the AI credit score model, financial institutions can learn about their customer’s financial behavior based on historical data and potential income forecasting. Such analyses help the institutions to sell their credit plans to the right category of clients.
  • AI model offers greater speed without compromising quality or precision. The lending decision is much easier than traditional methods where banks used to apply decision trees, regression, and complicated arithmetic analyses to generate the client’s credit score.
  • AI smart applications are available to check the customer’s creditworthiness and maximum credit limit.
  • It has allowed the banks to increase the customers’ lifetime value by engaging with them continuously and intelligently to strengthen each relationship across diverse products and services.
  • Increased profits due to efficient targeting of low-risk loans. Both economic and efficiency terms benefit from reduced bankruptcy rates.

Learn more with Imarticus Learning:

Imarticus Learning presents credit risk management courses that help to understand India’s credit landscape and the entire loan assessment process.

Our Credit Risk Management Course USPs:

  • Quality learning experience through learning pedagogy consists of 145 hours of live lectures.
  • The comprehensive credit risk management courses strongly emphasize the digital innovation that is disrupting the lending space.
  • Helping to build a career in banks, NBFCs, and start-ups through resume enhancing workshops, interview preparation sessions, and mentorship.
  • Holistic, well-rounded, and practical curriculum designed and delivered in collaboration with Moody’s Analytics.

For further details, contact us through the Live Chat Support system or visit our training centers in Mumbai, Thane, Pune, Chennai, Bengaluru, Delhi, and Gurgaon.