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Tag: best fintech course

Cloud finance trends that changed the ways of the world

Posted on by Imarticus Learning

Cloud finance trends that changed the ways of the world

Finance services have become a major industry in recent times. With the rise of industrialization and capitalization, cloud technology has become key determinants in the finance sector. 2020 is the cloud era as claimed by fintech professionals. Almost all organizations in every sector are migrating their databases to cloud technology. According to statistics, almost 55 per cent of companies use cloud-based accounts. In 2020, it was found that a good chunk of a company’s budget(approximately 32 per cent on average) is allocated to cloud technology. Businesses are increasingly preferring cloud technology over other forms of data storage. The fintech industry, in particular, is being transformed by cloud technology trends of better accessibility and security of data, etc.

What is cloud technology and how is it associated with fintech?

Cloud computing is a major sub-domain of computer science that has been in great demand lately. Cloud computing involves the use of clouds, which are abstract objects located on remote servers and store data. This data can only be accessed by a specific set of systems. Huge databases are not stored in local storage but on remote servers called clouds. This is one of the most trending technologies in the industry. The fintech industry is driven by cloud computing. Almost all fintech companies have migrated their databases to the cloud. Storing data in the cloud has numerous advantages for the company. Hence, the fintech industry greatly relies on cloud computing services.

Why is the demand for cloud computing rising in the fintech industry?

Almost all companies have migrated their databases to cloud technology. There are several reasons for companies choosing cloud technology over local storage methods. 

  • Enhanced data security

Fintech industry data is highly confidential. Fintech companies handle a vast range of clients, some of whom are celebrities and prominent businessmen. Compromising on the security of confidential Intel could be disastrous. When cloud technology was being developed, there were severe security concerns. However, through the implementation of multiple encryption techniques, data security has increased greatly. When the infrastructure is used by well-trained employees who are well aware of access control, cloud architecture can do wonders. To ensure that the confidential data of clients do not fall into the wrong hands, fintech companies prefer migrating to cloud storage.

  • Smoother data management

Data management is a key aspect for fintech companies since data is equivalent to gold for them. They run on data, and without its efficient management, they cannot function smoothly. Fintech companies analyze several stats like remaining balance, spending patterns, and money management. Without sufficient structured data, it is impossible to analyze and report. Hence, fintech companies must be exceptional at data maintenance and management. Maintenance of large databases on local storage could be inefficient. Transferring the database would be impossible and since it is stored on a single device, it could be lost. 

  • Data accessibility

Data accessibility is a crucial feature when it comes to a collaborative culture. Multiple systems may need access to the data, and having the data on all the systems is not feasible. It would be a waste of effort, space, and time and also unaffordable. Cloud computing enhances data accessibility greatly. Since the data is stored in an abstract cloud, it can be accessed by any system with the access key. This way, all the systems can collaboratively work on the database. 

What are the benefits of becoming a cloud computing architect?

Cloud computing is determining financial service trends and is thus in great demand. Almost every fintech company is migrating to cloud architecture. This creates a growing need for cloud computing experts in the industry.

A career in cloud technology has several benefits.

  • Job security: since the demand for cloud architects is high, it is a highly stable field 
  • High packages: cloud computing fetches you a handsome salary
  • Scope: ample opportunities are available as it is a fast-growing field. 

How does an updated cloud computing course look?

In your updated fintech online training, several core cloud computing topics are covered. A few of the core modules of the cloud computing course are an introduction to BFSI and fintech, digital transformation and RPA, cloud computing and economy API. The core modules contain the basics of the fintech industry and how cloud computing plays a major role in it. After the core module, the cloud computing course also has a pro module. Here, you’d take a deeper dive into modern banking and cloud computing solutions. The fintech online training drives you through all the important topics of the domain and gives you practical knowledge about them. 

Who can enrol? 

Cloud computing in the fintech industry requires you to have at least a basic understanding of finance and accounting. Anyone with a bachelor’s degree in finance subjects can register for the course.

Wish to know more about our fintech online training and cloud computing course? Well, we’re available 24×7! Reach out to us whenever you need guidance. We’re at your service through chat and have exclusive centres in Mumbai, Thane, Pune, Chennai, Gurgaon, Bengaluru, Delhi and Ahmedabad!

Popping The Bubble: The State Of Cryptocurrency In 2022

Posted on by Imarticus Learning

Popping The Bubble: The State Of Cryptocurrency In 2022

On New Year’s Day in Jan 2022, the price of Bitcoin was somewhere near the $47,000-$48,000 range. Investors were still enthusiastic about the price of Bitcoin reaching $50,000 in 2022. There have been surges and drops throughout the year. Investors are still confused about whether the prices of Bitcoin or other Cryptocurrencies will rise or fall. People are still positive about the profitability of Cryptos, but the excitement around it is growing less and less. The enthusiasm is amiss.

But as you wade into deeper waters, you get to see the bottom of the Cryptocurrency iceberg. You realise one sure-shot possibility about this melting demon – the whole collapse is about to happen. So, before understanding the conclusion of this digital currency, let’s revise the beginning.

A brief history of cryptocurrency

A rough form of Cryptocurrency was introduced in 1983 to a cryptographer from the USA, David Chaum. He received payment in something anonymous called e-cash. In 1995, he introduced Digicash, his version of a cryptocurrency. Digicash had user software that allowed an untraceable transaction which was anonymous as well.

After becoming aware of this possibility, various papers were published by international government agencies. Even leading colleges and universities like MIT researched the possibility of digital money’s existence and its future usage.

Some pieces of content popped in here and there about digital money, but nothing materialized. The whole discussion around crypto-cash began to die out. The glowing embers slowly started to subside.

Until one day

In 2009, the names Satoshi Nakamoto and Bitcoin started doing the rounds. Bitcoin was an anonymous form of digital cash, much like its anonymous user. People did not believe in the existence of either. But these names began to appear on every cover of tech and finance periodicals. Suddenly all the tech companies, some in Silicon Valley, started to accept Bitcoin as payment.

Slowly it became the talk of the town until it was everywhere. Suddenly after 2017, bitcoin saw the biggest surge when it breached 2000 USD. It rose to $19,000 by the end of the year. It made many millionaires out of nobody. Even Elon Musk, the owner of Tesla, gained out from it. No wonder he is a fan of it till today.

However, there was a crash in the price levels of bitcoin the next year, and things went downhill. People speculated whether Bitcoin was even legit or not. Investors like George Soros called it a bubble.

Since then, in 2018, Bitcoin has climbed a little and then breached new records, and then it tumbled. As of now, it is near the $30000 range. The highest level achieved was around $67,000.

Countries like El Salvador and Portugal even recognised Bitcoin. But China clamped down on all the Bitcoin transactions in the country, and as a result, things have been looking a bit glum for Bitcoin and other cryptocurrencies.

However, the rise and fall of Bitcoin gave birth to other popular cryptocurrencies like Litecoin, Dogecoin, and similar cryptocurrencies. Cryptocurrencies were made popular by Bitcoin and as expectations of Bitcoin getting a substantial rise begin to fade into oblivion, so does the hullabaloo around cryptocurrencies.

What does 2022 hold in store for Cryptocurrencies?

It is a mixed bag

Leaving behind the story of Bitcoin, the future is not all bleak for Cryptocurrencies. There has been a lot of change around cashless systems. Due to Covid-19, cryptocurrencies and digital transactions increased to an all-time high. Blockchain technology has become so popular that it has changed the way organizations function in 2022.

But cryptocurrency has an unsure future. Young investors and millennials will keep searching for newer forms of cryptocurrency. Even after such a downfall, it gives freedom and excitement to the newer breed of investors who love to live life with the risks involved.

However, the older investors, who have always been cautious with their investments, will always feel that cryptocurrency is nothing but a Ponzi scheme. They are used to those conventional forms of investment, and they will continue to be like that.

What does this mean for Cryptocurrency?

Cryptocurrency will always remain in this Charybdis and Scylla until it gets a major boost or a clampdown from a strong governing authority. 

Conclusion

But all this is great for people who want to understand Cryptocurrency and how it works. You could also understand it deeply with the help of a cryptocurrency course or a financial technology course. The best course will be enrolling in a fintech certification program if you wish to study cryptocurrency closely.

Reimagining education through Blockchain certification

Posted on by Imarticus Learning

Introduction

Many businesses regard blockchain as a fad or still-developing technology years away from widespread implementation. While blockchain, like any other emergent technology, is still in its early stages, it is rapidly gaining traction. While the finance and insurance industries had a clear use case and were early adopters, the way blockchain affects other sectors, particularly education, may surprise you. 

The educational ecology is evolving, and classic educational methods are no longer appealing to the next generation. Students are more aware of advancements and seek alternatives, forcing institutions to reconsider their engagement strategies. Several financial technology courses can help you understand the implementation of blockchain in the education sector. 

Use Cases of Blockchain in the Education Sector

A financial planning and analysis course will help you crack the code of how blockchain will transform the education space. There are some use cases of blockchain in education. Let us understand these applications:

 

  • Assessment

 

The existing assessment system has flaws and needs to be revamped. The system is vulnerable to errors and possible fraud. The mobile population of people is increasing, which has brought to a need for a substantial universal database with open access, security, and authenticity so that people can leverage some universal credential as they move to another educational institution, a new job, or a new country — and for refugees who lack documentation.

 

  • Storage and validation of records

 

All records can be safely and permanently stored, certificates and rewards can be issued confidently, credits can be transferred, and learning achievements can be tracked throughout a lifetime. The college will not be required to divulge transcripts or confirm degrees. The system’s distributed design may validate candidates’ entire academic journey from school to vocational certifications across different institutions and locations. Employers can certify credentials on-demand without going through a time-consuming background investigation.

 

  • Intellectual Property Tracking for Academics

 

Intellectual property registration and tracking are essential components of any academic institution. Intellectual property generates value, and its utilization might result in costs. To this goal, several central authorities oversee various types of intellectual property. The job of data companies is to validate and certify the frequency of usage of any research or an open educational resource. In contrast, research journals certify that research is new and conducted under rigorous scientific standards — this information is used to determine scientific truth.

This defines the research’s importance and, as a result, the author’s compensation. On the other hand, the existing system includes various intermediaries such as journal publishers, data businesses, professional bodies, and so on. These IP data may be decentralized and maintained without intermediaries thanks to blockchain, and researchers can be paid directly based on citations or usage.

 

  • Learning Analytics

 

Analytics in the learning environment will become one of the essential areas of blockchain for education in the future, similar to various other industries, having a favorable influence on both the institution and students: Consider a scenario in which every learning activity, including informal learning and informal feedback, is recorded on the blockchain. On learning settings, all assignment test scores will be mapped. The finest Courses by subject might be found across participating locations and universities. Learning would become more interactive, and course reputations would be based on more tangible metrics.

Conclusion

Fintech is one space that is growing exponentially. It has now come up with technologies like blockchain, transforming how businesses are conducted. It is also impacting the education sector and is trying to transform the industry for good. We provide the best courses to help you understand the correlation between blockchain and education and how one can benefit from the other.

You can enroll in our Professional Certificate in Fintech, which will help you understand the nuances of blockchain and how it can transform the educational space.