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Tag: best fintech certification courses

The future of Bitcoin and the cryptocurrency economy

Posted on by Imarticus Learning

The future of Bitcoin and the cryptocurrency economy

Cryptocurrency seems to be the future of transactions and payments. Millions of dollars in cryptocurrency is exchanged every day, increasing the total valuation of the market which is already in trillions. Just in 2021, the crypto market crossed 2 trillion dollars. The value of a Bitcoin has been fluctuating from $30,000 to even over $60,000. Proving many predictions about its downfall wrong, Bitcoin has still managed to remain highly valuable. There are more than 11,000 cryptocurrencies that are stored across more than 100 million digital wallets. Economists and experts have been reported as declaring that the crypto universe will only become more relevant in our day-to-day lives while the cryptocurrency economy keeps growing.

Currently, cryptocurrencies are used as investments by individuals, crypto-farming or crypto-mining firms, and small groups. However, experts predict that institutions and banks will soon start investing in crypto assets as well.

The future of Bitcoin

The future of Bitcoin seems to be bright according to many crypto market experts while some believe that it is a bubble that is about to burst. According to experts, Bitcoin might not touch absolutely zero, however, the long-term value of a Bitcoin might be closer to $100 than it is to $100,000. Even without Bitcoin increasing in value, the cryptocurrency might become quite common in retail and daily transactions. 

Bitcoin transactions are still quite slow and charge a hefty network fee (close to $20), thus still not being a preferred mode of payment. The distributed ledger technology behind Bitcoin can only support about 180,000 transactions daily while other centralized or national payment systems can enable 100,000 to 300,000 transactions per second. This is another reason why Bitcoin will not be replacing regular currency anytime soon. However, with a second layer or lightning network that bypasses the blockchain, other cryptocurrencies offer much faster transactions and lesser network fees. Bitcoin (BTC) can also be threatened by the likes of Ethereum (ETH), Litecoin (LTC), and Ripple (XRP), which users are preferring due to faster transaction speeds and the coins having a lower value.

The future of the cryptocurrency economy

According to Kenneth Rogoff, a Harvard University professor of economics and public policy, the market capitalization of cryptocurrencies can become anything between $5 trillion and $10 trillion. If cryptocurrencies start being processed through verified ETFs or exchange-traded funds, then the number of people investing in cryptocurrencies will automatically increase. However, due to being decentralized, authorities and governments cannot monitor or track crypto-based transactions. This ends up helping many illegal activities such as weapon trading, money laundering, and drug peddling. Thus, regulatory bodies across the globe will not allow cryptocurrencies to enter the mainstream economy that easily.

Cryptocurrencies are finite and only a certain number of them can be generated. Thus, these coins will retain their value due to their rarity and a lack of overabundance. Till the time cryptocurrency users believe or trust in these coins and their worth, the value of the cryptocurrency market will keep soaring.

There are already platforms that promote institutional-grade crypto trading and investments. Cryptocurrencies are true alternatives to conventional currencies but lack the guarantee centralized currencies provide. There is a risk factor and a lot of anomalies in the performance history of cryptocurrencies. If cryptocurrencies are floated on NASDAQ, eventually, they will gain more credibility. Cryptocurrencies are decentralized and minted on blockchain networks, thus, already being impossible to manipulate by any single entity. A fintech course with blockchain certification or a Bitcoin course can definitely help you learn more about cryptocurrencies.

Cloud Computing: What’s The Ideal Scenario For Using Edge Computing Solutions?

Posted on by Imarticus Learning

Cloud Computing: What’s The Ideal Scenario For Using Edge Computing Solutions?

The Banking and Financial Service Industry (BFSI) has been evolving with emerging technologies. The adoption of modern technology has become of prime importance for customer satisfaction, security, and transparency. 

Several technologies, such as Artificial Intelligence (AI), cloud, and 5G, combined with edge computing, have endless opportunities in the fintech industry. Though these latest solutions are available in the market, there are very few experts who can work with these technologies. 

Edge computing is still evolving, and one needs to have a complete understanding and awareness of the steps followed while handling edge computing solutions; otherwise, banks and financial institutions may have to undergo unwanted events. 

BFSI industry deals with various money-related operations and processes. Implementing fintech can be a big step for any bank and financial institute. But, these institutes prefer to adopt modern fintech to maintain their competitiveness, brand recognition, and the top position in the market. Suppose you are interested in being part of the contemporary and advanced BFSI and making a lucrative career in it. In that case, you need to learn the fundamentals of BFSI and develop your skills for fintech solutions. 

A Career in Fintech

If you have a background in finances and want to experience professional growth in BFSI, fintech is the best option in today’s modern world. Though the banking sector is one of the early adopters of technology, it is still facing issues in making its services faster and more efficient. Modern fintech solutions are still emerging with new technologies that put BFSI under pressure to keep its data safe and secure. Thus, experts must work on available solutions to protect infrastructure from vulnerabilities. In addition, it offers enthusiasts enormous opportunities to make a career in fintech.

To start with, you need to learn the fundamentals of BFSI and fintech in the BFSI sector. The modern banking landscape is dynamic and includes a complex financial services value chain. Imarticus Learning Pvt. Ltd. offers a Professional Certification in Fintech. This course covers the fundamentals of the BFSI and develops participants with the required skills in the digital transformation of BFSI organizations. This online Fintech Program includes three basic modules:

  • Introduction to BFSI and Fintech: Modern banking landscape, financial services value chain, and interaction with the bank, case studies, and group project
  • Cloud computing and API economy: Introduction to cloud computing and critical evaluation, API economy, open APIs and connected businesses, and the art of building robust, secure and scalable APIs
  • Digital transformation and RPA: Business process reengineering, robotic process, and intelligent automation, process mining, and process optimization

After these core modules, the course also covers pro modules for in-depth knowledge and skill development, including:

  • Payments- consumer and wholesale: Introduction to payment ecosystem, innovation in consumer and retail payments, and innovative products
  • Use of technologies in payments and new business model: Use of new technologies like blockchain, cryptocurrencies, IoT, big data, AI, ML and Bots, and hybrid payment products 
  • Lending- consumer and wholesale: Regulatory framework, social media, dynamic credit rating, risk management, SME/MSME lending 
  • Use of technologies in lending and new business model: DeFi in lending innovation, data science tools, and ML for data mining/ cross-sale

These modules provide a complete understanding of changing the BFSI sector with technology and how one needs to be dynamic while aspiring for a career in BFSI. But, to start working on real-world problems in the BFSI sector, you need to be prepared for real-world challenges and how these challenges can be overcome. 

To ensure BFSI career aspirant is ready to start full-time work in fintech, Imarticus Learning’s online fintech program participant works on a group project and an open-book case-study-based evaluation as a mandatory requirement for the certification. Thus, you will be ready with a theoretical base and practical knowledge to help BFSI organizations transform their businesses. 

The online fintech program opens the door for your career with various opportunities such as regulatory affairs counsel, chief product officer, digital transformation manager, blockchain strategy manager, robotic process automation project manager, design thinking specialist, chief information security manager, cloud infrastructure architect, process automation lead developer, etc. 

Thus, if you are interested in making a career in any of the departments of BFSI with fintech, such as insurance, IT project, service, baking, and financing, Imarticus Learning is the only institute offering a 100% online fintech program with in-depth exposure in the theory and practical sessions. Contact the Imarticus webpage or visit one of its training centers in Mumbai, Thane, Chennai, Pune, Delhi, Bengaluru, and Gurgaon for more information. 

The next generation of fintech certification courses

Posted on by Imarticus Learning

People are no more bound to visit a physical bank for any financial service. Fintech platforms have displaced the services of traditional banks. People can now make a transaction with ease via their smartphone while sitting on the couch. Due to the rise of fintech, professional learning courses have now changed their curriculum. Banking and finance courses are now including fintech concepts as it is in demand.

Most of the banks are now going digital and adopting fintech services. There is a huge demand in the market for fintech employees. In such a scenario, young aspirants must be taught about fintech concepts. Read on to know the next generation of fintech certification programs. 

best Fintech courses in IndiaUnderstanding the fintech industry

Why is there a need to change the curriculum of financial/banking courses? It is because bank officials are no longer involved in traditional activities only. New-age banks hire professionals that are skilled in technology besides traditional financial activities.

For example, consider a bank that has just launched its fintech platform. Besides cashiers and managers, the bank will also hire fintech experts to monitor the performance of the fintech platform.

Technology has changed a lot in the banking and finance sector. Age-old courses do not contain much information about the new-age technologies that are displacing traditional financial services. It is why young aspirants are demanding industry-oriented courses that could cover the recent innovations in the finance sector.

There are many fintech courses online but, not all follow an industry-oriented curriculum. By knowing about the recent innovation, it does not mean that one should ignore the core concepts of finance and banking. An effective online course will cover core concepts of banking/finance along with fintech innovations in recent times.

What should a new-age fintech course cover?

You should choose an online fintech course wisely. Choose a course that focuses less on outdated technologies and more on the latest innovations. The goal of an effective fintech course should be to teach students job-relevant skills. Some concepts that should be covered by a new-age fintech course in 2022 are as follows:

  • Robotic Process Automation (RPA): RPA is widely used for automating several processes in the fintech industry. For example, RPA is used for client onboarding, loan processing, compliance management, claims processing, and many other tasks. With RPA, the burden of manual labour on fintech employees has been reduced. A new-age fintech course should cover RPA and its applications in the industry. 
  • Artificial Intelligence (AI): AI is widely used by fintech professionals for data analytics and forecasting. Smart AI algorithms can also detect frauds and money laundering activities with minimal human support. If you want to build a career in fintech, you should be fluent in new-age technologies like AI and RPA. 
  • Blockchain: The fintech industry also consists of cryptocurrency services and blockchain is the backbone of digital currency. Fintech professionals also use blockchain to store and manage transactional data securely. 
  • Cloud computing: Cloud computing is widely used by fintech professionals to store data. Fintech firms usually prefer cloud platforms for storing sensitive data as physical data centers are prone to cyberattacks.

Besides the above technologies, there are many other new-age technologies used in the fintech sector. If you want to build a successful career in fintech, look for new-age courses that cover the latest innovations. We at Imarticus Learning offer an MBA program, a PGDM course, and a certification program in fintech for young aspirants.

Our Fintech online training covers all the latest technologies and tools used by fintech professionals. You will learn from industry experts and become ready to work in the fintech industry. Start your new-age fintech course right away!