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Tag: best Fintech courses in India

The top 5 Cryptocurrency resources for non-technical people

Posted on by Imarticus Learning

The cryptocurrency was first noticed in India around 2015-16 as Bitcoin. But still, it is a matter of imbroglio for most of us. Terms like “decentralized”, “blockchain”, “disintermediation”, “DeFi”, and “mining” are mostly a matter of bewilderment. But, no matter how technical they sound, even non-technical people can master them. To understand the concept of cryptocurrency, here are the top five resources for non-technical people. 

  • The Quiet Master of Cryptocurrency – Nick Szabo (#244)

The polymath, Nick Szabo’s podcast, is a steal. He is known for his deep understanding of cryptos and is a lawyer, computer scientist, and cryptographer. He is also known for coining “smart contracts” and designing Bit Gold. This podcast consists of his conversation with Naval Ravikant and covers the topics: 

  • Definition of Bitcoin and other cryptos and what problem do they solve
  • “Social scalability”
  • Ethereum, its strength and weaknesses
  • Smart contracts
  • Initial coin offerings
  • Blockchain governance 
  • Wet and Dry code
  • Pascal’s scams
  • Future 
  1. Why Bitcoin Matters by Marc Andreessen 

On 21st January 2014, New York Times published an article on Bitcoin by Marc Andreessen, the founder of Netscape. This Bitcoin tutorial consists of a highly in-depth overview of why bitcoin matters and what he believes to be the future, as this technology is evolving faster. This article is available for free in the Dealbook section of NYT. 

Fat Protocols by Joel Monegro 

Fat Protocols is an article published by United Square Ventures on 8th August 2016 and projects a different perspective on how investing in cryptocurrency is different from investing on the internet. It says that most monetary gains on the internet come from the “fat” application layer such as Google, Facebook, and Amazon as halted by the “think” protocol layer. You can read this article for free on the USV’s official website. 

The Internet of Money   

The Internet of Money is a book written by Andreas M. Antonopoulos, and he is an expert in Bitcoin and cybersecurity. This book consists of the best of his speeches, explaining his concepts about Bitcoin and cryptocurrency.

Non-technical people who have a limited understanding of cryptocurrencies can check this book to get detailed knowledge regarding underlying technology and the social implications of cryptos. With the help of this book, Andreas M. Antonopoulos goes a step ahead in exploring the technicalities and how they can change the world permanently, the way the internet did.

Ethereum Whitepaper by Vitalik Buterin

A whitepaper is usually issued by a company and is an authoritative, persuasive report of a problem and provides a solution. The whitepaper of Ethereum is the founding document of the crypto and provides details about the goal and pathway to create a decentralized internet. Similar to the Bitcoin Whitepaper, this document also contains details regarding technical terms.

This will provide a non-technical person with enough idea about the technical terms, how the total cryptosystem works, and the future aims of this decentralized world. The white paper of Ethereum and Bitcoin (by Satoshi Nakamoto) are available free of cost on their official website, and individuals are free to download and read the information.    

If you are interested in undertaking your career in fintech, then the knowledge of blockchain technologies is very demanding.

Hence, knowing every bit of it will help clear concepts on mathematics, finance, and economics. So, when you search financial technology courses, make sure that the one you choose covers every primary and in-depth topic related to fintech. 

Fintech certifications are changing the finance landscape

Posted on by Imarticus Learning

Introduction

The fintech space is evolving, and the space is opening up for all kinds of individuals. If you want to make a career in fintech, you need to have a degree to support your credentials. A fintech course online can help you understand the basics of fintech and how space is evolving with every passing day. 

best Fintech courses in IndiaWe at Imarticus have several fintech certification programs that can help individuals build a career in fintech. The fintech certifications today are changing the entire landscape as the industry evolves, and more and more individuals want to join the exciting space.

What is Fintech?

Fintech refers to the technology that enables and supports financial services and brings a level of automation. Fintech has surpassed customer expectations and is now committed to providing the best value to them. The fintech space has witnessed exponential growth, and the space is actively looking for people who can join the space and accelerate the rate at which this industry is transforming. 

Key areas of fintech

Several areas are booming in the fintech space. Some of these areas are listed below:

  1. Cryptocurrency: Bitcoins and all the other channels of cryptocurrency are expanding. Several investors are now investing in cryptocurrencies, and the industry is expected to grow. Fintech professionals can also make a career in bitcoin trading and other related fields.
  2. Big Data and Analytics: Earlier, much data used to go to waste as no use was made of all the collected data. However, with big data and analytics, all consumer data is coming to use. With big data, companies create personalized experiences for all of their consumers. With the technology, companies are also building operational efficiencies that can help revenue optimization. 
  3. Wealthtechs: Companies are now onboarding digital wealth management solutions that can help understand the assets. Investments are now growing, and investors are now investing in all kinds of assets like real estate. This opens up a massive opportunity for the fintech space. 
  4. Cybersecurity: With the increase in the use of mobiles and computers for making transactions, the whole new world of frauds and disputes also opens up. This creates the need for individuals who can handle these issues and get into fraud management. Fintech certifications will also give you an in-depth insight into how cybersecurity is managed in the case of these transactions. 
  5. Small and medium enterprises: The fintech space has now evolved and opened up a million opportunities for small and medium-sized enterprises that want to get into the fintech space. Several small industry players have now entered the space of payment banks, insurance, financial management, etc. These companies and enterprises can use fintech solutions to fuel their growth. 

There are several opportunities for career advancement in the fintech space. Certification will give you both an overall and in-depth understanding of the subject. 

Conclusion

We are known for providing the best certification programs. We have the best fintech certifications and degrees. You can get enrolled in these courses if you want to make a career in finance. You can also get a master’s degree in finance with a Master of Business Administration (MBA) specialization in fintech.

This is one of the most popular courses in the fintech space as, along with the industry knowledge, you will also get a master’s degree to justify your expertise in the subject matter.

There is another course in fintech that is popular among both students and working professionals. The course is called a Professional Certificate in Fintech. You will get a certificate if you complete this course too. All of these courses will make you employable and ready for the future.

Women in Finance: A future outlook

Posted on by Imarticus Learning

Women in the finance sector have a long and hard road to follow. Women have been fighting for equal rights since the beginning of time, but they’ve never been more potent than they are today. Financial institutions were no exception to this rule, all but completely disregarding women as potential employees until the 1970s. 

Even then, the demands of childcare frequently made it difficult for mothers to commit themselves fully. In this blog post, we’ll explore their history, how far they’ve come, what’s on the horizon for them, and some advice from women who work in finance about what you should know if you’re considering a career in fintech.

What is the future outlook for women in finance?

The future outlook for women in finance is a very bright one. While, unfortunately, there’s still a long way to go until women are treated equally at all stages of employment and within the workplace, things have advanced a great deal since then. For the first time in history, women hold an equal number of seats at universities as men.

 It is significant because it means that more young people than ever before are entering the world of finance with qualifications on their CVs, making them highly desirable candidates to employers. And they’re using these qualifications, too – statistics tell us that over half of all graduates working in finance are female. 

Why is this a problem, and what can we do about it?

There’s an assumption amongst many that women cannot work in finance. It comes mainly from the nature of the industry itself. The financial world is, after all, an incredibly competitive one and requires employees to be hardworking and determined. It’s only natural that employers might assume that women could never survive in such a dog-eat-dog environment with their supposed frailties regarding commitment and dedication.

The problem here is that, quite simply, this isn’t true. Women have several qualities that make them great employees – they’re highly intuitive and empathetic, allowing many women to excel in managerial roles. They also respond particularly well to communication from their managers – a benefit for both sides as communication is essential for a team’s day-to-day running.

There are many things that you only have to look at the statistics to realize – women are becoming better educated, they’re entering the world of finance in higher numbers than ever before, and they’re rising through the ranks at a staggering pace. If you want to work in finance, then now is an excellent time to do so.

Explore and Learn with Imarticus Learning

This ONLY FinTech MBA program covers every vital component of the industry while also providing hands-on experience with cutting-edge technologies like APIs, Blockchain, Cloud Computing, AI, Machine Learning, RPA, IoT, and Big Data. The widespread use of financial technology has dramatically transformed the global economy’s dynamics, leading to a surge in the need for qualified FinTech specialists.

Some course USP:

  • These financial technology courses are for students with placement assurance to aid the students in learning job-relevant skills.

  • Impress employers & showcase skills with fintech courses endorsed by India’s most prestigious academic collaborations.

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

How to maintain financial stability in your 20’s

Posted on by Imarticus Learning

Money is a touchy subject for almost everyone. Many people are afraid to talk about it because they don’t want others to judge them based on their financial situation. It leads to many misconceptions about the lives of those who are struggling financially. Many people assume that if someone is poor, they must be lazy and irresponsible with their money—but this isn’t true!

There are many reasons for having trouble with money—a difficult upbringing, a divorce, unemployment, overspending, and even medical emergencies. It can happen to anyone at any age! Therefore, here is a quick guide on how to maintain financial stability in your 20’s.

1. Live within your means

  • Many people believe that to be wealthy. They must spend dramatically more than they earn. It is a terrible way to think! 
  • Living above your means will inevitably lead to financial hardship and stress. Living below your means can teach you how to save and realistically prosper in the future.

2. Create a budget

  • Creating a budget is a crucial part of maintaining financial stability!
  • First, you need to determine how much money you make after taxes.
  • Next, subtract any fixed expenses necessary for everyday life—these might include your rent or mortgage payments, car loan payments, and utilities.
  • Lastly, subtract any additional expenses that are not essential but will still help you live comfortably—such as cable TV and Internet bills, concert and movie tickets, and gym membership.

It is how to maintain financial stability in your 20’s!

3. Plan for the future

  • One of the best ways you can do it as a young adult is to plan for retirement or other significant expenses such as buying a house or having children.
  • It makes it seem like those things are a long way away, but you cannot afford to put them off!
  • You want to make sure that your savings account can grow as much as possible each month.

4. Pay off your debt

  • It might seem impossible to pay off your debt when you’re still living with student loans, credit card bills, and car payments.
  • However, there are always ways that you can cut back on unnecessary expenses.
  • You can even look into refinancing any high-interest rate debts! 
  • Remember—the sooner you reduce your debts, the sooner you can start spending what’s left over from your income as you please!

5. Invest as early as possible

  • It might seem impossible to invest as a young adult because you’re still struggling with student loans and other debts!
  • However, investing is one of the best means to ensure that you can maintain financial stability in your 20’s and beyond.
  • Investing can make a huge difference! Start today to make investing part of your future.

Explore and Learn with Imarticus Learning

This FinTech course combines hands-on instruction with cutting-edge technologies like APIs, Blockchain, Cloud Computing, AI, Machine Learning, RPA, IoT, and Big Data to cover every key area of FinTech.

Some course USP:

  • These financial technology courses are for students with placement assurance to aid the students in learning job-relevant skills.
  • Impress employers & showcase skills with fintech certification programs endorsed by India’s most prestigious academic collaborations.
  • World-Class Academic Professors to learn from through live online sessions and discussions.

Understanding securitization from scratch

Posted on by Imarticus Learning

Securitization is a complex topic that can be intimidating for those who are new to it. We’ll walk through the different types of securities and how they work together to create one entity (i.e., a pool) that holds all these pieces together under one umbrella. For a more in-depth explanation of this post, read on here.

What is security?

The first thing to understand about securitization is the concept of “security.” A security is any contract or instrument that represents financial value. Securities can get divided into several types of categories: debt, equity, and derivatives. Debt instruments are the most common types of securities that we’ll discuss in this article.

Debt

A debt instrument is a contract between two parties. The first party (the borrower) agrees to engage in some financial transaction with the second party (the lender). In return for engaging in the transaction, the borrower pays back a sum of money to the lender. The borrower’s promise of payment is a debt instrument because it represents a financial obligation to the lender.

Types of Debt Instruments:

  1. Loans: Loans are one of the most common types of debt instruments. When an individual or business takes out a loan, they are borrowing money from a lender. The person or company agrees to repay the loan amount, plus interest, by a specific date.
  2. Debentures: A debenture is a debt instrument that represents ownership in a corporation. A debenture issuer (the borrower) borrows money from an investor (the lender). In return for the money, debenture holders (the debenture holders) receive a contract representing their ownership in the issuer.
  3. Bonds: Bonds are debentures that an organization has issued (i.e., a corporation or government) instead of by an individual or business.
  4. Preferred Stock: This type of security represents ownership in a corporation and does not include any obligation for dividend payments, unlike common stock.
  5. Mortgages: When you take out a mortgage, you borrow money from a bank to purchase a house. In return for the loan, you agree to repay the bank. 

Types of Equity Securities

  1. Common Stock: This security represents ownership in a corporation and includes the right to vote on major company decisions.
  2. Preferred Stock: It is similar to common stock. However, preferred stock includes the right to receive dividend payments, in addition to voting rights.
  3. Warrants: It is a security that gives the holder the right, not the obligation, to purchase another security (like common stock or preferred stock) at a pre-determined price.
  4. Stock Options: It is a contract between two parties where one party has the right to buy another security at a pre-determined price.
  5. Convertibles: Convertible security, the holder has the right to convert the contract into another type of security, usually common stock in another company.

Explore and Learn with Imarticus Learning

This one-of-a-kind FinTech MBA program combines hands-on instruction with cutting-edge technologies like APIs, Blockchain, Cloud Computing, AI, Machine Learning, RPA, IoT, and Big Data to cover every key area of FinTech. The interactive FinTech certification in India allows students to apply what they have learned to real-world business challenges and circumstances.

Some course USP:

  • These financial technology courses aid the students in learning job-relevant skills.
  • Impress employers & showcase skills with fintech certification programs endorsed by India’s most prestigious academic collaborations.
  • World-Class Academic Professors to learn from through live online sessions and discussions.

 Contact us through the chat support system or visit Mumbai, Thane, Pune, Chennai, Bengaluru, Delhi, and Gurgaon training centers.

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.

Top 5 use cases of RPA in Banking with Examples

Posted on by Imarticus Learning

RPA or robotic process automation is used to provide efficient solutions to companies dealing with a high amount of data daily. The technology is of immense help to financial, insurance, and banking service providers. By helping banks in running data entry and customer service solutions regularly without disrupting the existing systems, RPA bots reduce the extra costs that come with it. The technology also helps improve the turnaround time and lessens the risk of human errors. Not just this, it lets employees focus on activities that really need human insights and manual labour. 

As the fintech sector is booming right now, a reinvention will create even more positions for the ones interested in it. This is why this is the golden time to pursue a fintech course that will lead to your dream career. A lot of institutions offer fintech certification in India, and Imarticus Learnings is the reputable one among them.

While pursuing the Imarticus fintech course, you get the right exposure needed to succeed in the domain. In this article, we are going to discuss what is the use of robotic process automation in finance in detail. So, read on…

Robotic Process Automation in Finance

RPA helps banks and other finance companies in a way that makes the experience smoother on both ends – the banks and the customers. With the help of UI, ML, and rules-based programming, it helps to provide the kind of solutions that currently does not have any other alternative. Notably, RPA helps in cutting down costs, increasing efficiency, and providing better customer service. It does all these without disrupting the ongoing systems and procedures at all.

Further, RPA bots help banks in more than one way. Here is a list of the major reasons for its increasing popularity:

 

  • Financial products processing: This is one of the major areas where RPA helps a lot. From trade finance, same-day fund transfer, account closures, loan processing, and validation to card management, RPA makes all these processes run smoothly.

 

 

  • Audit regulation: This too is another vertical where the impact of RPA is undeniable. Regulatory monitoring, quality assurance processing, and audits, RPA cuts down the extra costs that come with on-site monitoring and hiring extra help.

 

 

  • Data management: This is the area where RPA possibly helps the most. Be it financial reconciliation, verification checks, or digitization of papers, RPA makes the processes more efficient.

 

 

  • Customer satisfaction: This is a field that RPA has helped a lot with. From the faster supply of demands to predicting their needs based on past data and changing scenarios, RPA goes a long way to assure customer satisfaction.

 

 

  • Operational trading: Although this is a temporary solution, RPA helps this field by storing complicated limit orders.

 

Fintech is a field that is ever-growing in terms of job prospects. Check out Imarticus Learnings’ fintech course to get a better idea. Imarticus offers one of the best courses providing Fintech certification in India. This will help you ace all the skills you need to drive your career and give it the much-needed boost.

Top 5 trends -The future of cryptocurrency in Fintech

Posted on by Imarticus Learning

With the introduction of cryptocurrencies, it looks like the future has arrived. A few decades back, who would have thought of paperless currency in the market? Cryptocurrency has been a revolution for the fintech industry. The top fintech platforms are already integrating cryptocurrency investment to facilitate customers. The future looks bright for both, fintech industry and cryptocurrencies.

More and more governments are handing legal access to cryptocurrencies. In some countries, you can even shop for any product/service using cryptocurrency. Financial institutions are now hiring individuals that have completed a cryptocurrency course. If you are interested in building a career in the fintech industry, read on to know the top five cryptocurrency trends.

The emergence of DeFi technology

Defi (Decentralised Finance) is a technology that supports peer-to-peer digital transactions without third-party. There is no need for a centralized system to route the transactions to their target in DeFi. None other than blockchain could make decentralized transactions possible. Public blockchain channels are used to facilitate peer-to-peer transactions on Defi. Ethereum, the recently acknowledged cryptocurrency, is a prime example of DeFi technology. More and more cryptocurrencies based on DeFi technology will be launched in the future. A cryptocurrency course can help you know more about decentralized technologies for finance.

The emergence of stable coins

The biggest reason why most people fear investing in cryptocurrency is because of market volatilities. The price of cryptocurrencies often rises and falls drastically based on the market. However, this issue seems to be resolved due to the introduction of stable coins. Stablecoins are those digital currencies that have a static rate.

It happens because the price of stable coins is fixed by associating it to flat money or any exchange-traded commodity. Many fintech platforms are already facilitating customers with the purchase/sale of stable coins. It is expected that the market cap of stable coins will increase in the future.

Introduction of tax regimes for cryptocurrencies

More and more countries are now recognizing cryptocurrencies as legal currencies. Many countries have even released tax regimes for cryptocurrency regulations and trade. Some countries are planning on releasing tax regimes for cryptocurrency trade soon.

It comes as good news for fintech firms looking to offer cryptocurrency trade options to customers via their digital platforms. Many financial technology courses now include topics related to cryptocurrency. If you are looking to build a career in fintech, you should know about the trending cryptocurrencies.

Emergence of CBDCs

With cryptocurrencies reaching new heights, governments and central banks are also stepping into the game. Many countries have already launched state-backed cryptocurrencies for their citizens. CBDC (Central Bank Digital Currencies) is more likely considering the time authorities are spending on deciding the fate of cryptocurrency. CBDCs are also predicted to become an approved form of payment in near future.

Rise of NFTs

NFTs are digital assets that can be traded via cryptocurrencies. Some of the common NFTs are art pieces, in-game assets, and videos. More and more people are interested in NFTs as there is no complex onboarding process for buying them. More and more items are predicted to be traded as NFTs in the coming years.

How to learn more about cryptocurrency in fintech?

We at Imarticus Learning, offer the best financial technology courses to enthusiasts. Fintech courses offered by us are designed based on industry standards. If you want to build a career in fintech, an industry-recognized certificate and hands-on training will be perfect for you.

Our fintech courses come with placement support to help you get into the finance industry. You will also learn about the technologies that make fintech possible via our online courses. Start your fintech course now and learn more about cryptocurrency!

Latest – Top 10 Innovations in the world of Fintech in 2021

Posted on by Imarticus Learning

The term Fintech comes from combining the words Finance and Technology, therefore, the term covers all those companies that use new technologies to offer financial services. Financial companies are not the only ones to use this term, as universities and study centers are already offering many financial technology courses to specialize in this area.

The Fintech industry is growing rapidly, with more and more investment. Such growth makes it essential to understand how it works in order to take advantage of the opportunities it can provide. At Imarticus, we understand the important role of technology in every aspect of our lives and the big potential it has to create value and new products. For this reason, we offer different Fintech courses so that you can be at the forefront of technological innovation: MBA in Fintech and the SP Jain FinTech. 

If you want to know more about the programs and the importance of this industry, keep reading and you will understand why it is important to be in one of our Fintech specialization programs and the advantages of taking one of the best Fintech courses in India.

Here are the top 10 innovations in the world of Fintech. 

  • 1. Banking through digital platforms

With mobile phones and electronic devices, it is possible to access financial platforms quickly and efficiently.

  • 2. More paying options

Fintech also makes it possible for us to pay in a variety of ways. We no longer have to use only a credit card or cash, we can now pay with different services.

  • 3. Easier online payments

Thanks to the increase of electronic platforms and increased security, it is possible to make online payments much faster and easier.

  • 4. Cryptocurrencies

Fintech has helped to democratize the use of cryptocurrencies, as they allow you to buy and sell this type of virtual currency very easily.

  • 5. Digital insurance

As well as normal financial institutions, Fintechs also offer other types of insurance options in case you want to protect your resources.

  • 6. Blockchain

Blockchain is one of the great innovations of our time. It allows transactions to be made in a decentralized, transparent, and secure way so that anyone can see what is happening, making transactions fairer and more efficient. It is a distributed register that serves to store information in the form of transactions and is one of the basic building blocks for the functioning of cryptocurrencies.

  • 7. Big Data

Today we live in the information age. With the constant use of computers, telephones, and the internet, we produce an impressive amount of data that can be exploited to extract information and knowledge of value to any business.

  • 8. Fraud detection 

The fact of having technologies such as blockchain and data analysis makes it possible to trace possible financial fraud more easily.

  • 9. Internationality

By decentralizing financial systems, it is easier to make transactions or payments without having to rely on banks in any one country. Now it is easier and cheaper to send money or make transactions outside of your country.

  • 10. Service and customer service automation

It is possible to use artificial intelligence to automate processes such as customer service or other repetitive activities that are very common in traditional financial companies.

We have just selected some of the innovations that we believe have the most disruptive influence on the market, but you can learn more about this topic with our financial technological courses. Imarticus has some of the best fintech courses in India, you will learn from real-world experts all these innovative technologies and ideas that will help you in the future. If you want to know more information about the fintech courses, the MBA in fintech, or the SP Jain FinTech, do not hesitate to visit the Imarticus website to solve your doubts.

Promoting digitization in the commodity industry with blockchain in Fintech

Posted on by Imarticus Learning

Gone are the days when visiting a bank was the only way to make a financial transaction. At present, people can easily make financial transactions with just a few taps on their smartphones. The rise of fintech has helped people make financial transactions while sitting on their couches.

Have you ever wondered what technology stack makes fintech possible? Well, blockchain is one of the primary technologies used by the fintech industry. Many young enthusiasts go for a blockchain certification to enhance their skill set. Read on to know how blockchain in fintech is prompting digitization in the commodity industry.

Role of blockchain for financial technology

Blockchain is among the new-age technologies that are decentralized. Financial transactions in the commodity industry have become more secure with blockchain. The costs incurred by companies in the commodity industry for financial transactions are also reduced with blockchain.

best Fintech courses in IndiaCompanies in the commodity industry have started to realize the worth of blockchain experts. They are proactively hiring individuals that have blockchain certification. Some of the use cases of blockchain for fintech are as follows:

  • Since blockchain is a distributed technology, single points of failure that disrupt the entire system do not occur. There is no work for any intermediatory in a blockchain-powered transaction. The need for transfer agents is reduced since the introduction of blockchain. Blockchain-powered transactions are nearly impossible to be hacked or manipulated. 
  • Blockchain is a shared platform that enhances the transparency of network participants. The best part of a blockchain network is that participants can only see the financial transactions. Under no circumstances, a participant can change the financial transaction on a blockchain network. 
  • Due to its transparency, blockchain helps network participants to collaborate and access financial/transaction data. Opposite parties can come to an agreement quickly due to the transparency of a blockchain network. 
  • You can create tamper-proof software to support your business logic as blockchain offers high programmability. Blockchain also allows businesses to share data selectively to maintain privacy. According to stats, blockchain offers around ten times more cost benefits than other technologies for making financial transactions. 
  • Blockchain is a scalable technology and can adapt if the number of fintech transaction increase considerably. Each company in the commodity industry gets a global reach with blockchain and fintech. If there are periodic surges in the transaction activity, blockchain is capable of handling them.

A company in any commodity industry can go global and indulge in cross-border transactions with blockchain. Products offered by different companies in the commodity market are more or less the same. Different companies in the commodity industry compete for price with each other. When a company reduces costs incurred in making/managing financial transactions with blockchain, it can provide discounts to buyers.

If you are working in the commodity industry, a fintech course with blockchain can help you upgrade your career. Companies in the commodity industry are also focusing on hiring employees that have done a fintech course. Blockchain and fintech experts can help companies in safeguarding their financial transactions.

best Fintech courses in IndiaWhy choose Imarticus’s fintech course?

We offer a PGDM, MBA, and certification course for financial technology. Fintech courses will help you in learning the tools and technologies used in the industry. Among all the technologies used in the fintech industry, there will be a focus on blockchain. We also offer placement support to students who choose our financial technology courses.

You will work on several real-life projects during your fintech course. Not only you will learn industry practices, but also learn job-relevant skills with a financial technology course. Start your fintech course to make financial transactions in the commodity industry secure!