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Tag: best Fintech certification course

Steps to choose the best online fintech course

Posted on by Imarticus Learning

Financial technology (or FinTech) is leading the finance industry and is gaining massive momentum. It has already changed people’s perception of money, banking, payment and investment.

With the surge in the popularity of fintech, the demand for skilled professionals in the industry is also on the rise. Therefore, it becomes imperative to upskill yourself with one of the best online fintech courses.

Benefits of online fintech course

If you are wondering, how a fintech online course will help you. Here are some of its benefits you must know about:

  • An online fintech course is flexible. You can learn at your speed and time.
  • Distant learners get access to study materials anytime and anywhere.
  • Online courses are less expensive than offline ones. Plus you save travel costs.
  • Online fintech courses from renowned universities come with exceptional career services. They offer great scope for networking with peers, industry experts and other professionals.
  • Online fintech courses conduct webinars and podcasts with industry experts. It is another great way to gain deeper and fresh insights on various fintech topics or subjects.

Proven steps to choose the best online fintech course

Fintech offers a promising and lucrative career choice. If you want to pursue a career in this industry, you need a deeper understanding of fintech, its trends and the skill set to succeed.

One of the best ways to master this industry is to opt for an online fintech course. However, choosing the best fintech course online can be an overwhelming job.

Therefore, through this blog post, we are discussing some of the best factors you must consider before finalizing any fintech course online.

Assess your goals and objectives

The most important factor before choosing an online fintech course is to understand your career goals and objectives. You have to decide whether you want to work in blockchain, payments, investment management, data analytics or any other area of fintech. Depending on your desired job, you will have to acquire the relevant skills and knowledge.

Some courses may be more focused on investment or payment, while others might cover several other topics. Make sure the course you choose aligns with your career goals and objectives.

Research reputable course providers

Another crucial factor while selecting any online fintech course is to check whether they meet specific quality standards. A renowned course provider will always offer accredited programmes. Programmes from reputable course providers are often recognised by industry associations and experts. Reputed course providers assure their course content is relevant and up-to-date.

Check course curriculum

The content or curriculum of an online fintech course is vital. While choosing a fintech course online, look for a curriculum that includes the latest fintech trends and practices. The course must also cover topics like artificial intelligence, digital payments, cybersecurity, data analytics, blockchain and financial regulation. Moreover, the course must also provide the soft skills and practical knowledge needed to handle real-world situations.

Review the instructor’s qualifications and expertise

The instructor’s qualifications bring a large difference to the course. So, while choosing a fintech course online, ensure they are taught by experienced professionals. The teachers must have worked in the fintech sector with a successful track record. Along with expertise, the teachers must also have relevant qualifications and certifications.

Look for practical projects and assessments

Check if the online fintech course offers coursework, practical projects and case studies. These factors make the course more comprehensive. They provide you with hands-on experience in dealing with fast-paced and ever-evolving financial products and services.

Compare pricing and value for money

With a wide range of online fintech courses on offer, remember to compare the price. Typically, the fee depends upon the type of course offered. Some of the best fintech courses online are absolutely free! If you are paying a handsome amount on your course ensure you get value for money. If possible, seek insights into their study material, training approaches and instructor’s expertise. After all, quality matters!

Final words

The fintech sector is gaining a lot of traction. To stay afloat, you must invest in an online fintech course. You must choose the course that equips you with the ability to upskill with appropriate knowledge.

Furthermore, the course must be recognized with a wholesome curriculum. Determine the instructor’s qualifications and expertise and look for practical projects on offer. The correct online fintech course will help you achieve your career goals and also supplement them.

If you are interested in pursuing a career in the dynamic field of fintech, choose one of the many fintech courses offered by Imarticus Learning. Imarticus hosts several programmes that cover a wide range of fintech topics. Additionally, courses from Imarticus Learning ensure to polish your technical skills and develop your business acumen, making you a dynamic candidate for the fintech sector.

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A Beginner’s Guide to FinTech

Posted on by Imarticus Learning

The FinTech industry is the talk of the town due to reshaping conventional financial practices and offering innovative solutions to meet the evolving needs of businesses and individuals. In India, the fintech sector has a remarkable adoption rate of 87%, which is 23% more than the global average. 

However, as is often the case with technology, the concepts of FinTech are also somewhat unclear on most fronts. 

In this blog, we will delve into the world of FinTech- starting from its history to the multiple use cases and the challenges it faces today. If you are a finance professional or enthusiast seeking certification in financial technology, then this blog is here to help you explore your career in finance.

What is FinTech?

 

The use of cutting-edge technology to improve and optimise financial services is the essence of FinTech. It includes a broad range of technical innovations redefining the financial environment. It provides financial decision-makers with tools to automate jobs, obtain real-time insights, and make data-driven decisions thanks to its capacity to optimise procedures, increase accessibility, and promote financial inclusion. 

For finance professionals and aspirants, understanding FinTech opens doors to exciting career opportunities at the forefront of technological innovation.

History of FinTech

The rise of digital technology and the internet in the late 20th century might be considered the origin of FinTech. The first significant change in the financial industry occurred with the introduction of online banking in the early 2000s. FinTech expanded its influence across several industries as technology developed, including payments, loans, investing, and insurance.  

The introduction of smartphones and mobile applications further accelerated the growth of FinTech, enabling convenient access to financial services. Today, FinTech stands as a dynamic and rapidly evolving sector. It is continuously pushing boundaries, embracing innovations such as blockchain and AI, and reshaping the way we interact with money and financial institutions.

Use Cases of FinTech

The fintech industry uses its transformative power to enhance financial services, improve accessibility, and drive innovation across various sectors. Below are a few examples of the diverse use cases of FinTech:-

Digital payments 

FinTech has revolutionised payment methods with mobile payment apps, digital wallets, and contactless payment solutions. It has also played a pivotal role in promoting financial inclusion by providing access to these digital financial services for underserved populations.

Peer-to-Peer lending 

FinTech platforms have facilitated peer-to-peer lending, connecting borrowers directly with lenders through online platforms. This allows individuals and businesses to access loans quickly, often with lower interest rates and streamlined approval processes.

Robo-advisors 

FinTech-driven robo-advisors provide automated investment advice based on algorithms and machine learning. They offer personalised investment recommendations, portfolio management, and low-cost investing options, making wealth management accessible to a broader range of investors.

Insurtech 

FinTech has disrupted the insurance industry by introducing Insurtech solutions. These include online policy management, digital claims processing, and innovative insurance products driven by data analytics, AI, and IoT, enhancing efficiency and customer experience.

Blockchain and cryptocurrencies 

FinTech introduced blockchain technology, enabling secure, decentralised transactions and record-keeping. Cryptocurrencies like Bitcoin leverage blockchain, providing an alternative digital currency and transforming cross-border payments and remittances.

RegTech 

Regulatory Technology, or RegTech, leverages FinTech to streamline compliance and regulatory processes for financial institutions. It automates reporting, risk management, and fraud prevention, ensuring adherence to regulatory standards while reducing costs and improving efficiency.

How to Build a Career in FinTech?

Building a successful career in FinTech requires combining technical expertise, financial acumen, continuous learning, and a proactive approach to professional development. 

Acquire relevant knowledge and skills 

Fuel your FinTech career by mastering relevant concepts in finance, technology, and business. Enhance your practical skills with coding, data analysis, and blockchain expertise. Pursue specialised education in the field, such as a certification in financial technology, seize internships, and try to gain hands-on experience with FinTech tools and platforms.

Network extensively 

Attend industry events, join professional associations, and connect with FinTech experts and professionals. Networking can open doors to job opportunities, mentorship, and valuable insights.

Show initiative and entrepreneurship 

FinTech is a rapidly evolving field. Getting acclimated to new technologies, adapting to changing industry trends, and continuously expanding your knowledge base can materialise your passion for FinTech. Also, by working on personal projects, starting a FinTech-related blog, or participating in hackathons and innovation challenges, you can gain much perspective on what the sector demands. 

Challenges Facing the FinTech Industry

Addressing these challenges is crucial for the continued success and sustainable growth of the FinTech industry:-

Regulatory compliance 

The evolving regulatory landscape challenges FinTech firms to ensure compliance with complex and often varying regulations across jurisdictions.

Cybersecurity risks 

With their increasing reliance on digital platforms, FinTech companies face persistent threats from cybercriminals, requiring robust security measures to protect sensitive customer data.

Trust and consumer adoption 

Building trust and gaining widespread consumer adoption remains challenging for new and disruptive FinTech solutions, as customers may hesitate to embrace unfamiliar technologies.

Legacy systems integration 

Integrating with the existing legacy systems of traditional financial institutions can be complex and time-consuming, hindering seamless collaboration and innovation.

Scalability and funding 

Scaling operations and securing adequate funding for growth can be challenging for FinTech startups, requiring strategic partnerships and investor confidence.

Conclusion

The FinTech industry holds immense promise and potential for transforming how we engage with financial services. Focusing on leveraging technology, FinTech is driving innovation and enhancing security and accessibility in the financial market. 

With over 2,100 fintech companies, India has emerged as the world’s third-largest provider of fintech services, driven by favourable government regulations and the rise of young companies established within the last five years. As the industry evolves, stakeholders need to adapt to the dynamic landscape, embrace emerging trends, and navigate the challenges ahead. 

If you are interested in building your career in the Fintech industry, you can enrol yourself for certification in Finance Technology. This gives you the idea and provides you with the skills required to kick off a career in the finance industry. 

What are Cloud-driven Financial Services?

Posted on by Imarticus Learning

Cloud Computing has significantly gained popularity in the world of IT. However, several sectors such as the banking sector have gleaned the benefits of cloud computing to their advantage as well.

Financial institutions have been striving to serve their clients better and offer stellar customer service. Hence, most organisations have deployed new-age technology for optimising customer experiences as well as overall costs. By incorporating cloud-driven services, they have streamlined data collection and processing from multiple sources.

The recent Gartner report in 2022 says that 70% of global financial institutions have adopted cloud-based investment and banking leading to an increase in overall cloud spend. In this article, you will learn in detail about the importance of the cloud in the enhancement of business transformation of banking, how they operate and the prospects it holds.

How Cloud Computing is Applied in Banking

Fintech course

Cloud computing is a well-sought-after service that offers access to resources, storage or applications shared via the Internet. It enables banking institutions to store and process data in remote servers instead of local systems. Cloud computing offers various benefits to banking institutions including enhanced security, processing speeds, and optimised costs. 

While the financial industry has been slow to adopt new technology due to concerns related to data privacy and regulatory compliance, it has quite steadily warmed up to the idea of implementing cloud computing to optimise performance and meet business objectives.  

How Banks Use Cloud Computing

Financial institutions tend to avail of services provided by external providers to manage and maintain their clouds and outsource products. However, Gartner’s 2021 survey has indicated that more and more banks are investing in internal IT teams to keep cloud activities strictly within the company. For instance, many institutions have established private clouds where they host computing resources on a network that only one organisation uses and can be accessed within their own data centre.

Cloud computing is used in banks for a variety of purposes, including:

  • Fraud Detection: Cloud systems are extensively used by banks to detect and prevent suspicious activity and fraudulence by analysing large volumes of data extracted from numerous sources. 
  • CRM (Customer Relationship Management): Cloud-based CRM systems are used by banks for efficient data management and monitoring of customer interactions irrespective of location and time. It is important for financial service providers to have the best cloud strategies to offer services customised to fit customer needs. 
  • Data Analysis: Cloud financing is widely used for advanced analytics. It helps keep track of patterns and trends related to customer behaviour. By gaining insight into customers’ interactions with financial products and services, banks are able to come up with successful strategies and offerings suited to the needs of their clients.

6 Benefits of Using Cloud Technologies in the Banking Sector

Some of the most important benefits of using cloud-driven financial and banking services have been listed below:-

  • Enhanced customer experience: Cloud-based financial services provide customers with a better and more reliable banking experience since they offer access to their services anytime and anywhere. 
  • Optimised costs: With the help of the cloud, banks can cut down on added costs by transferring all their data and applications into the cloud. Public cloud systems usually have a pay-as-you-go pricing model which is highly convenient and affordable. 
  • Faster processing and operating speeds: Users of cloud-based systems can enjoy fast performance and good operational efficiency because they are designed to do so. They are built to manage and process large data volumes in a fraction of the time spent parsing through them manually. Banks can hence improve their speeds of transaction processing and avoid latency problems. 
  • Enhanced security: Public cloud systems offer a safe and secure environment, unlike on-premises systems. With multiple layers of protection, cloud-driven banking systems can easily safeguard themselves against data breaches and various attacks. 
  • Better scalability: Cloud platforms are flexible and can be scaled up or down as per the requirement. This gives banking institutions the ability to serve their customers in the best way possible. 
  • Regulation compliance: Cloud platforms help financial institutions maintain compliance with the latest regulations related to the financial industry.

Challenges that Come With Cloud Computing in the Banking Industry

Despite the numerous benefits that finance-based institutes can reap from cloud technology, it is no stranger to challenges. Cloud adoption has become a steady phenomenon in the finance sector which has also caused it to lag behind different industries. Some of the primary problems faced by financial institutions after cloud adoption are as follows:-

  • Privacy and security of data: Data security and privacy are of utmost importance for financial institutes. Banks need to stringently maintain the safety of data and ensure that it is secure while being stored in the public cloud. In addition to this, they have to ensure that their systems adhere to the regulations related to data privacy. 
  • Regulatory compliance: Banks are obligated to adhere to the regulations relevant to the financial industry. Most of them require certain procedures specific to customer data management. Most banks can find it challenging to meet every single requirement when they host their systems in the cloud. 
  • Loss of control: Although public cloud systems boast security, financial institutions still run the risk of losing a part of their control when they move their data to the cloud. 

Conclusion

Although the financial industry has taken quite some time to adapt to new tech, studies have shown that they are steadily doing so to streamline customer service and enhance the experience. With cloud computing, they have become more efficient when it comes to serving customer demands. 

Public clouds have also been used by financial service firms and the banking sector for quick deployment of applications, ease of maintenance and upgrades, and overcoming multiple issues. With more and more innovations being integrated into this field, a significant amount of opportunities have opened up for potential candidates. However, to become a fintech expert, you will need to have in-depth knowledge about its inner workings and applications. A professional Fintech certification course from Imarticus can help you kickstart your journey in your career.  

The Role of Predictive AI in Fintech Solutions

Posted on by Imarticus Learning

In the former times, when financial transactions were carried out in brick-and-mortar institutions, bankers had personal connections with the customers. They would help them with their decisions. Although the fact that digitisation has brought the world to our footsteps is a huge advantage, it has also caused a loss of this personal connection.

We are aware of the countless things that artificial intelligence can do. Artificial intelligence is known for its ability to process humongous amounts of data at a time. Businesses are embracing artificial intelligence to meet their goals, achieve growth, and make their services more relevant to the customers’ needs and preferences.

best fintech course in India

In fintech, artificial intelligence (AI) is being used to revert this loss of personal connection. AI helps to process the data and information of the customers and analyse them in order to predict upcoming trends. This way, fintech companies can help customers have a better experience! A fintech certification course can equip you with the relevant knowledge.

This article discusses how predictive AI is making an impact on fintech solutions. Read on to find out. 

How is AI being used by Fintech Companies?

The fintech industry includes a lot of intricacies and is rich in innovation. The fintech industry is resorting to solutions such as artificial intelligence, machine learning, and cloud computing for numerous tasks like decision-making, analysing customer behaviour and purchase trends, gaining valuable insights, increasing efficiency, etc. 

Discussed below are some potential uses of artificial intelligence in the fintech industry. 

  • Artificial intelligence supports better decision-making: Data-driven decisions are more likely to be accurate and error-free. Machines are asked questions, after which they analyse vast volumes of data. They then deliver the most relevant results, which help the leaders in the fintech industry make better decisions. 
  • Elimination of manual effort and scope for error: AI has a technology known as robotic process automation (RPA), which helps to automate the tasks that would otherwise be performed by humans. This not only saves time but also helps to eliminate the chances of human error. 
  • AI can detect dubious activities: AI also helps to secure cashless transactions by providing security of the highest order. There are AI tools that can study the behavioural patterns of the users and detect any sign of fraudulent attempt. 
  • AI chatbots for swift communication: Chatbots are a supreme pillar of artificial intelligence, and the fintech industry has availed its advantage to the fullest. Earlier in the article, we mentioned that the intrusion of technology in the field of finance had caused a loss of personal connection. 

To bridge this gap, financial institutions incorporate the use of chatbots to maintain communication with customers. Chatbots can immediately attend to and address the concerns of the customers, which makes them feel valued and helps to build their trust. 

Predictive analysis is another important task managed by artificial intelligence that deserves notable mention. Predictive analysis can help to anticipate upcoming trends with the help of techniques like data mining, machine learning, etc. Fintech companies use predictive AI to transform their digital operations so that they remain at par with the customer’s needs and the latest market trends.

Using Predictive AI in Fintech 

Predictive analysis uses data, statistics, algorithms, and other techniques to predict the future on the basis of previous data. In the fintech industry, predictive analysis can help to foresee upcoming market trends, understand customer behaviour, and predict investment opportunities. 

Listed below are some of the ways in which predictive AI is contributing to the fintech industry. 

Predictive AI helps to avert the risk of bad loans 

Financial institutions grant loans to generate revenue. However, ever since technology has merged with finance, it has become easy for people to opt for loans over the internet. Predictive AI helps fintech companies make informed decisions by assessing the client’s creditworthiness. 

Personalised recommendations 

Predictive AI helps to improve customer experience by offering personalised recommendations for them. It helps to analyse the suitability of certain plans and financial instruments while taking the different parameters into account. Therefore, the target audience gets to invest in plans that are the most suitable for them. 

Secure transactions

Although the amalgamation of finance and technology has helped to streamline transactions, there is also an increased risk associated with cashless transactions. As mentioned earlier in the article, AI also helps identify incidences of fraudulent activities. With the help of predictive analysis, the data of all fraudulent cases that have taken place in the past can be gathered. 

After analysing the data, the patterns of the dubious activities can be figured out. Based on the data thus gathered, financial institutions can help to secure transactions by building more robust verification processes.

Predictive analysis is essential to carry out different financial services. The use of AI for predictive analysis helps to gather huge volumes of data and analyse it with the help of robust algorithms so that prescriptive solutions can be offered to customers. The right kind of predictive analysis helps fintech companies improve their operation and manage their internal processes easily.

Conclusion

If you are looking forward to transforming your career in the fintech industry by acquiring knowledge about the technologies that are revolutionising the finance industry, a certification course from Imarticus Learning might be right for you. This Imarticus Fintech Certification Course, in partnership with SP Jain School of Global Management, is surely going to give your career a boost!

The course covers the different aspects of Fintech and also equips the learners with knowledge about cloud computing, blockchain, Big Data, artificial intelligence, machine learning, and so on. It also gives the learners access to webinars, networking events, and job boards, which helps them to explore new opportunities. You also get access to SP Jain’s lab, where you can put your theoretical knowledge to practice!

With the community of learned experts, online digital library, and case studies, the scope of learning in this course is endless! After completion of the course, learners will be awarded a certificate from SP Jain School of Global Management and Imarticus Learning. Therefore, get ahead of your competitors with this online certification course in fintech!

Financial Technologies: Apps for Loan Disbursal, Investing and Insurance

Posted on by Imarticus Learning

Financial technology also known as Fintech is rapidly growing in the modern world. Various fields have steadily adopted it. Sectors like education, healthcare, banking, etc are utilising this customer-oriented technology.

This field of technology is used to improve the usage of financial services. It also tries to deliver the services automatically so that the masses can easily avail of them. Financial technology uses special software and programs to assist various businesses and companies with their operations and procedures related to finance.

best fintech course in India

Modern software like cloud computing is used by financial technology to render their services to big and small organisations. These technologies are also used in computers or smartphones. Fintech has also assisted in the development of cryptocurrency with the help of blockchain technology.

With help of Fintech companies have launched their applications. These apps are mainly used for sanctioning loans and availing information related to investment as well as insurance. Let’s drive in to know more about this.

What is Loan Disbursal?
Loan disbursal is the term that is used after the procedure of borrowing money has taken place. This is the phenomenon when the lender credits the borrower’s account with the exact sum of money that he had promised to lend initially. Disbursement of loan takes place after there has been enough verification of the customer.

The disbursement of loans is not a time-consuming procedure. After verification and approval of the loan, the money is credited within 2-3 days in the borrower’s account.

Apps for instant Loan Disbursal
With the assistance of FinTech, companies can create their own financial applications. This has motivated dozens of companies to build instant loan applications for smartphones. It is a new concept in the world of finance that gained immense popularity as soon as it was introduced.

These instant loan applications sanction loans on Cibil score and salary slip. Cibil Score is a 3-digit numeric that is derived from credit history. The Cibil score generally lies from 300-900.

If an individual has a Cibil score nearer to 900 then they are easily granted loans by these instant loan apps. These apps will also charge interest against every loan sanction. The rate of interest varies from one app to another.

This application instantly credits money to the borrower’s account. The instant loan apps can be downloaded from the play store. One needs to fill up their bank details to receive money on a loan.

What is Investment?
An investment is considered to be an asset that an individual often generates to grow their well over a long period. Investments are usually done to increase wealth or money for a secure future. Individuals generally prefer to invest their savings so that after retirement they do not face any monetary difficulty.

Investing allows an individual to earn more profits that will assist them. People can invest in mutual funds or can simply buy shares or stocks. Shares and stocks are usually sold at a higher price to gain more profit.

Apps for Investing Money
Besides instant loan sanctioning apps, there are many investment apps as well. These apps have occupied the finance market.

People can easily invest their money in various stocks and shares. These investing apps also hire financial experts who guide people who want to invest. Now, people can easily check the market trends and according to that they can sell and buy shares or stocks.

These applications can be effortlessly operated from smartphones. Applications for investing also allow a user to open a Demat account. This account helps an investor to hold his financial securities and shares in a digital configuration.

Mobile investing applications are extremely popular among the younger generations. To use these apps one needs to fill up certain mandatory forms that will provide the app with one’s details. One needs to link their bank account before investing via these applications.

What is Insurance?
There are various kinds of insurance like health insurance, house insurance, car insurance, life insurance and home insurance. So one might have surely come across the word insurance.

Insurance is a mere contract between an insurance company and their customers. In this contract, the company assures the customers to assist them with financial aid against their losses. The insurance companies render their services on behalf of a charge.

Hence, insurance is a kind of security an individual buys from insurance companies to safeguard their belongings.

Apps for Insurance
There are plenty of mobile applications that can be used for insurance. These applications allow their users to easily access the details about their insurance policies and claims. These insurance applications also appoint agents to enhance their services.

This application also allows a user to submit, track the status and receive updates on their claims. These activities can be carried out with a simple smartphone. At times to proceed with a claim these insurance apps might ask for authentic documents and photographs.

These apps even allow a user to compare various insurance schemes provided by various insurance providers. And select the best insurance that covers their needs. Moreover, insurance apps come with a customer service facility that is accessible 24/7.

Conclusion
With the rapid development of FinTech, the establishment of such applications has become easier. Financial technology is going to stay in the future as well. Hence, companies are recruiting more experts who have vivid knowledge of finance as well as technology.

In recent times, a career in financial technology is quite lucrative. There are many job opportunities as more companies are adopting FinTech. These jobs are offering alluring salaries as well as facilities.

Imarticus Learning has brought the best online Fintech certification course in collaboration with SP Jain School of Global Management. This course will take a time duration of 3-4 months and have classes only on weekends.

This FinTech certification course includes a comprehensive knowledge of blockchain, cloud computing, RPA, AI, and Machine Learning. All these strategic and technological education will be taught by top-notch teaching faculty. So without any delay get yourself enrolled in this FinTech course by Imarticus Learning.

Fintech career- Education, job opportunities, experience and career advancement.

Posted on by Imarticus Learning

Fintech Career- Education, job opportunities, experience, and career advancement

If you’re looking for a career in fintech, the first thing to know is that it’s not something that requires a university degree. The skills required are often transferrable to other sectors, so if you already have experience in one area, you could be well-positioned to work in another.

blockchain courses

Working as a fintech professional means being able to understand how financial products or services work and how they can be used by customers. You will need an understanding of financial jargon and terminology, as well as the ability to communicate complex information clearly in writing and verbally.

You should also be able to think critically about the industry and its impact on society. You should be able to identify trends and understand how these fit into the wider picture – whether this is through data analysis or research about consumer behaviour.

You should be able to solve problems quickly and efficiently – this means being able to think creatively when presented with new challenges at work or home.

To get into fintech, you’ll need an understanding of finance and accounting, including how to use Excel or other financial software or databases. You should also be familiar with computer programming languages like Java or Python. If you’re applying for a role as an analyst, it’s also helpful if you have some experience with regression analysis or predictive analytics.

It’s also helpful if you’ve taken courses at the college level on subjects like statistics and machine learning. Courses in computer science can also be helpful if you want to work as a data scientist or engineer on projects related to AI and big data analytics.

Qualifications

  • A minimum of a bachelor’s degree in finance, economics, or a related field.
  • At least two years’ work experience in the financial industry.
  • A strong understanding of accounting principles and practices.
  • The ability to communicate clearly about complex financial concepts and issues with individuals from diverse backgrounds and cultures.

Skills

Fintech is a relatively new industry that combines finance, technology, and data science to create new ways of doing business. Fintech companies are growing rapidly in size and scope—with some estimates predicting that the industry could be worth $4 trillion by 2024.

To become an expert in fintech, you’ll need to have:

  • An innate interest in math and logic
  • A strong background in computer science or other technical fields (like software development)
  • A passion for problem-solving and finding solutions to challenges
  • The ability to think critically about complex issues and apply your knowledge to them
  • Write code
  • Communicate effectively with people from a variety of backgrounds and industries
  • Work well with others in the team and be able to take feedback
  • Understand product development and what makes good products successful
  • Knowledge of the basics of finance
  • Experience in working with numbers
  • Experience with accounting software (preferably QuickBooks)

Career prospects 

If you’re interested in joining the fintech industry, there are many different career paths you can take. Some companies require specific degrees or certifications, while others prefer more general knowledge in computer science or other technical fields. Some companies provide training on how to use new tools or technologies as part of their onboarding process, while others may not have any formal training at all and instead rely on their employees’ own initiative to learn how to use new software or hardware solutions.

Blockchain and cryptocurrency developer

Work on building an electronic ledger that aims to improve security and transparency for data and transactions. Multiple companies are looking to integrate blockchain into their ecosystem.

The average salary starts at 6.6 LPA in India

Mobile application developer

A developer works deeply in software application lifecycle development, the responsibilities include analysis, interface development, software building, testing, etc.

The average starting salary ranges between 6-7 LPA in India

Cybersecurity Analyst

Security is a major concern for organisations worldwide, analysts build and test security solutions to prevent any malicious or trespassing ensuring safety of users. 

The average starting salary ranges between 6-7 LPA in India

Risk and Compliance officer

The risk and compliance manager is responsible for reviewing, creating, and implementing regulatory policies across the company. As risks grow, compliance managers create tools to identify and mitigate risks before they become a liability.

The average starting salary ranges between 6-7 LPA in India

Data Scientist

The importance of harnessing data has been proved in recent years. Companies require data scientists to work on historic data and predict and forecast methods to help companies grow.

The average starting salary ranges between 7-10 LPA in India

Financial analyst

Financial analysts help companies grow by making informed financial decisions based on analysing historic financial data and using model predictions for optimising costs for the company.

The average starting salary ranges between 7-9 LPA in India

Start your Fintech career with a professional course by Imarticus Learning, get guidance from industry experts, and get introduced to different modules with exposure to key elements of the domain. Get in touch with us or check out the course details in the link below.

Data Security Strategies in the Evolving Blockchain Landscape

Posted on by Imarticus Learning

Data Security Strategies in the Evolving Blockchain Landscape

Blockchain has been one of the biggest and most disruptive technological innovations of the past decade. It has revolutionized online investing, cryptocurrency, and cyber security spaces. Just like any new technology that shows up on the horizon, innovations in the FinTech industry have their fair share of vulnerabilities and security risks. 

Blockchain is used heavily in online investing and financial transactions, especially cryptocurrencies, because of the speed it can process transactional data. Blockchain also helps prevent fraud because of its watertight design. In the application of blockchain technology, data security is of paramount importance.

You could be a stakeholder in blockchain technology security without even knowing it. You could be working in the FinTech sector, transacting online, or working in the cybersecurity space, and all of these roles would benefit from a more robust knowledge of blockchains. 

Blockchain training is an important module in any FinTech course, useful for anyone transacting online. To that end, data security becomes a lynchpin in the blockchain training conversation. 

Learning data security essentials

Data security is a prerequisite for using any technology in today’s time. Therefore, learning the data security measures within the blockchain landscape is imperative to your knowledge of this technology. Most blockchain certifications or training courses cover a module on data security to put the two concepts in conjunction, just like it should be in real life.

3 Data Security Strategies in the Blockchain Ecosystem

 

Decentralization

The first and foremost data security strategy in the blockchain landscape is decentralizing data in storage and transmission. Decentralization refers to transferring control and decision-making from a centralized focal point — whether an individual, organization or group — to a distributed network.

 

Blockchain can decentralize the control and administration of the data and the various IoT devices to multiple touchpoints by decentralizing the data. This, in turn, enables autonomous security decision-making. If a potential hacker cannot penetrate through a central office and gain enough access to control the whole system, they simply cannot be a big threat to the whole data. Usually, hackers exploit a single vulnerable point, which is missing in the case of blockchain. 

 

Encryption

Encryption refers to the process of converting plaintext into ciphertext, also called encrypted data, using an algorithm or cipher. This data is unreadable on its own without the encryption key. It is this encryption and cryptography that makes blockchain unstoppable. The complete encryption feature ensures that the data transmitted through the technology is safe from attacks and unauthorized access.

 

This is the same principle in our social apps, which now have end-to-end encryption. We all use social media and messaging apps in today’s world of conversational commerce. But each time we interact on these platforms, our data’s security is subject to the platform’s security protocols. Blockchain provides the option of end-to-end encryption that safeguards our data. A blockchain certification will also help understand how this technology makes cross-messenger communication possible through a unified API framework.

 

Additional fortifications to ensure data security

The infrastructure around the blockchain should also be able to extend security for data. This involves creating staggered or tiered access for root users and administrators. Those who don’t need access to sensitive information should not have access to the sensitive data tier. Similarly, encryption keys should be guarded with extreme caution using high-grade security.

 

Such data security measures can further strengthen confidence in the blockchain landscape. If you already have a fundamental understanding of blockchain implementation, you can level up your knowledge through the professional certification in the Fintech course. Learn more about the program and how it can help you embark on a new career in FinTech blockchain security. You can also visit one of our centres in your city for more information. 

How Is Blockchain Revolutionising The FinTech Industry?

Posted on by Imarticus Learning

How Is Blockchain Revolutionising The FinTech Industry? 

Blockchain: An Overview 

A blockchain is a distributed, digital and permanent ledger that helps record transactions and track assets across the entire network of computer systems present on the blockchain. 

The technology has added a new aspect to the fintech landscape and offered huge possibilities to the industry of fintech by making crucial changes to business enterprises. 

How Is Blockchain Revolutionising The FinTech Industry? 

Undoubtedly, blockchain is the backbone technology that is revamping the FinTech industry. 

Below mentioned are the ways in which blockchain technology is revamping the fintech industry.

  • Creating a digital identity: 

Though banks have a strict KYC check, fraudulent accounts are on a constant hike. Here comes the role of blockchain, where users can manage identity data, share data with others without compromising security, and sign documents digitally. 

  • No third-party interferences: 

There are chances for things to go wrong in case of multiple parties’ validations. With blockchain technology in place, payments can reach the vendor directly without any halt. 

  • Protects from fraudulent activities: 

Being decentralized in nature, blockchain technology keeps from providing access to other people. It cannot be altered in any way possible, making every record protected. 

  • Enhances trade accuracy: 

The merging of blockchain technology in the financial sector has rescued traders from troublesome counterparty checks. Through blockchain, the risks associated are reduced, and trade accuracy is enhanced. 

  • Crypto lending: 

One of the USPs of blockchain technology, which helps you hold money without the need of a bank. You can hold the crypto money in digital form with a digital wallet after investing in cryptocurrencies. 

Challenges Addressed by Blockchain in FinTech Industry  

The blockchain has the power to make business operations secure, transparent, efficient, and democratic. 

  • Trustability: 

When users perform any action on the fintech applications, they are unaware of what is happening on the other side, which creates chaos and anxiety about identity theft. On the other hand, blockchain redresses the problem with transparent working. 

  • High operation costs:

Time is often considered as money in the financial sector. Blockchain technology reduces the high operational costs by cutting down the time involved and reducing the dependency on third parties. 

  • Slow process: 

The involvement of various third parties in the finTech industry delays the overall process, which results in an unstable business economy. This is another challenge addressed by blockchain technology. 

Discover Financial Technology Courses with Imarticus Learning

Our financial technology course helps students: 

  • Practical application of learnings to real business problems and scenarios.
  • Get an in-depth understanding of every critical aspect of FinTech along with hands-on training.
  • Stay updated on the latest fintech industry practices by accessing resources powered by research, knowledge, and tech partners such as Rise Mumbai and Automation Anywhere, among others. 
  • Get full-time fintech career-ready by working on group projects and open bookcase study-based tests that test your fintech knowledge and application in a theoretical decision-maker role. 
  • Get access to fintech networking webinars, job boards, and events to leverage your fintech learning fully and unlock career opportunities.  

Conclusion 

Ideal for students with a bachelor’s degree in finance background, this elite Financial Technology Course is bound to take your finTech career to heights you have never imagined!

With the availability of financial technology courses online, it has become convenient for learners to gain access to information about each and every element of the FinTech domain. 

For any queries, please do not hesitate to Contact Us or drive to one of our training centers in Mumbai, Pune, Thane, Chennai, Bangalore, Delhi, and Gurgaon. 

Understanding fintech in the cloud computing spectrum

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Fintech has been on the rise as a significant player in the financial sector in recent years. As we continue to see a shift towards digital solutions and away from traditional financial institutions, it’s essential to understand Fintech and how it operates within the larger landscape of cloud computing. 

In this blog, we will explore the world of Fintech and how it relates to cloud computing. We will look at the most popular fintech applications and see how they use the cloud to power their businesses. 

An overview of Fintech

 Fintech is a broad term that covers a wide range of financial technologies. These can include mobile payments and digital wallets to investment management and blockchain. If a financial service or product you can deliver digitally, it can be considered Fintech.

Fintech is growing for many reasons:

There is a growing demand for digital financial services. More and more people are using their smartphones and computers to manage their finances, and they are looking for convenient, user-friendly solutions.

Traditional financial institutions are starting to embrace Fintech. Banks and other financial companies invest in fintech startups, partner with fintech companies, and launch their fintech products.

The rise of mobile devices and digital platforms has made it easier for fintech companies to reach consumers and businesses. Fintech is also benefiting from the growth of cloud computing. Cloud-based solutions are often more scalable and flexible than on-premises software, a significant advantage for fintech companies that constantly innovate and expand their offerings.

How Is Fintech Related to Cloud Computing?

Fintech relies heavily on cloud computing. Most popular fintech applications would not be possible without the cloud. 

Here are a few examples:

  • Online banking: Customers can access their accounts from anywhere globally with an internet connection. It would not be possible without the cloud.
  • Trading platforms: Stock traders need to quickly access their portfolios and place trades. The cloud enables this by providing the necessary infrastructure.
  • Payment Processors: Fintech companies use the cloud to process payments.

The cloud provides the flexibility and scalability that fintech companies need to grow and scale quickly.

Discover Career in Fintech with Imarticus Learning

The Professional Fintech Certification is the first of its kind online FinTech course, providing extensive knowledge of all elements of FinTech and comprehensive, strategic, and hands-on training with several technologies, including API, Blockchain, Cloud Computing, AI, Machine Learning, IoT, and RPA.

Course Benefits for Learners:

  • Financial technology courses will educate students on applying machine learning algorithms and blockchain technology to their business needs, ensuring that they are well-equipped!
  • The future of Fintech is bright, and learners can stay up to date on the newest advances by attending networking events, job boards, or webinars.
  • With this fantastic new resource, students will have access to some helpful tools that can assist them in finding their dream job after graduation!

The modern CFO – Guardian of financial risk management

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The modern CFO – Guardian of financial risk management

A CFO is a financial executive responsible for meeting the company’s financial goals. The CFO oversees the company’s budgeting, planning, and resource allocation processes; conducts economic analyses; manages risk management; monitors performance indicators; monitors cash flow streams; reviews internal controls and audit procedures; coordinates with outside auditors regarding matters related to accounting standards or interpretations of applicable laws or regulations.

Working closely with corporate treasury

Corporate treasury is the department that manages your company’s cash flow, including payments to suppliers and vendors. Corporate treasurers work closely with finance officers to ensure their companies have sufficient funding for operations and capital expenditure projects. 

Focus on the long term

A modern CFO must be able to see the big picture and the impact of decisions in the long term. CFO needs to evaluate any determination regarding its short-term and long-term consequences and financial implications for an organization.

Embracing technology

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Technology is a critical component of the modern CFO’s role. It offers a competitive advantage and helps you to be more effective in your work, which creates value for your company. The technology can also help you work more efficiently and collaboratively with other departments within the organization.

Helping to manage cash and liquidity

Cash and liquidity are the most significant risks in any business. They can cause massive damage to a company’s finances.

CFOs must be the guardians of this new reality because there is no room for error regarding cash management. The CFO needs to understand how much money is coming in and going out, how quickly it comes or goes, and whether any unexpected events like fires or floods could affect things from a financial perspective (or even an operational perspective).

CFOs will have to be the guardians of this new reality.

As the guardian of financial risk management, the CFO will have to be the eyes and ears of every department. The CFO must understand how data get used, who uses it, and why they do so. If a new technology comes out, that could change the way we do business, or if a new regulation comes into play that could make things more difficult for your company—you want your CFO on top of these things right away!

While the shift to digital and artificial intelligence will continue, we can expect more disruption in the years ahead. To prepare for these changes and take advantage of them, CFOs must be ready to adapt their skillsets—and even their thinking—to keep up with a rapidly changing world.

Discover the best fintech courses in India with Imarticus Learning

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By offering practical instruction from industry experts, real-world case studies, projects using Blockchain and Cloud Computing, and important contacts with FinTech industry leaders and entrepreneurs, fintech certification strengthens students’ knowledge of FinTech.

Course Benefits for Learners:

  • The future of fintech is promising, and students may stay up to date by attending networking events, job advertisements, or webinars.
  • Learners will discover how to use fintech online training concepts in their daily operations.
  • These are the best financial risk management courses that provide students with the skills they need to secure their ideal jobs after graduation!

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