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Tag: best pgdm in fintech course

Global Key Players in FinTech 2023

Posted on by Imarticus Learning

In the ever-evolving landscape of financial technology, where innovation reigns supreme, a league of key global players has emerged as the driving force behind the revolution. According to the most recent data, the global fintech market’s estimated value is around $165.17 billion in 2023. Projections indicate that this dynamic industry is poised for remarkable growth, expected to exceed $400 billion by 2027.

As we step into 2023, these visionary companies continue redefining the boundaries of the financial world, pushing the limits of what was once deemed impossible. From transformative digital banking solutions to cutting-edge payment platforms and groundbreaking blockchain applications, they propel us into a future where finance knows no bounds.

pgdm in fintech course

In this article, we’ll take you through some of the top-most fintech players in 2023 that can drive you to make a successful career in Fintech.

Top Players in FinTech Market

The FinTech market is characterised by many players, each contributing to the transformation of the financial industry. Some of the top global players in the FinTech market include:

Ant Financial: Ant Group has emerged as one of the most prominent fintech firms worldwide. Through continuous technological advancements, Ant Finance has offered accessible and convenient digital financial services to individuals and small and medium enterprises (SMEs). They also facilitate seamless payment processing, enable cross-border transactions, and provide remittance services to merchants and consumers across the globe.

Du Xioman Financial: Du Xiaoman Financial is a leading consumer instalment payment solutions and online investment services provider. Offering a range of financial products, they operate Baidu Wallet, a secure payment system, an online credit service and a wealth management platform. Du Xiaoman Financial remains dedicated to enabling seamless transactions and facilitating wealth growth for its valued customers.

Paytm: It is a leading Indian multinational company that specialises in digital payments and financial services. Paytm provides mobile payment services to consumers and empowers merchants to receive payments through its offerings, including QR codes, point-of-sale systems, and online payment gateways. With its innovative solutions, Paytm has emerged as a prominent player in the fintech landscape, facilitating convenient and secure financial transactions for a wide range of users.

Klarna: Klarna stands as the foremost global service for payments and shopping, revolutionising how customers shop and purchase with enhanced flexibility and intelligence. With an extensive reach, Klarna caters to over 150 million active consumers across 45 countries, facilitating seamless transactions. By offering a range of options, such as direct payments, pay after delivery and instalment plans, Klarna empowers consumers to choose their preferred payment method. 

Lufax: Lufax is a prominent leader in China’s technology-driven personal financial services sector. With a diverse range of operations, including wealth management and retail credit facilitation, Lufax utilises a unique ‘Hub and Spoke’ business model. This approach combines their financial expertise with cutting-edge technology, seamlessly integrating online and offline resources to enhance wealth management experiences. 

Fintech Market Trends

Here are some of the latest fintech market trends that are overtaking the financial landscape:

Companies Will Make Digital Systems a Priority

Financial technology companies are uniquely positioned to provide multiple options that can supersede outdated legacy systems. By leveraging their expertise, fin techs can offer innovative solutions that cater to the evolving needs of banks and their customers, enabling a seamless transition to a more digital-centric environment. 

 One platform, Multiple services

Consumer preferences lean towards platforms that provide multiple services, and Fintech brands have embraced this trend. Going forward, the integration of powerful APIs will enhance the availability of robust solutions. To meet evolving consumer expectations for convenient, secure transactions, banks must leverage technology to digitalise consumer demand.

 Blockchain & Cryptocurrency

With the limitations and expenses of traditional bank transfers in a globalised world, blockchain and cryptocurrencies have grown in popularity. These digital alternatives enable cost-effective and low-regulation transfers, contributing to their rapid growth. Companies have diligently implemented secure protocols, establishing blockchain and cryptocurrencies as reliable methods for completing digital transactions.

Fintech Market Upcoming Projections

In a recent report titled “Global Fintech 2023: Reimagining the Future of Finance,” Boston Consulting Group (BCG) and QED Investors predicted that by 2030, the financial technology sector’s sales would increase from $245 billion to $1.5 trillion. 

The paper notes that by 2030, banking fintech will account for roughly a quarter of all banking valuations globally, up from the current 2% share that the fintech industry holds of the global financial services revenue ($12.5 trillion). 

It offers insights into the future fintech landscape, exploring trends, opportunities, regulatory frameworks, and the impact of emerging technologies. 

Conclusion

Fintech companies are well-positioned in the market to step in to offer solutions to replace the conventional system of banking and transactions. Most customers prefer services catering to their basic financial needs, such as daily payments, P2P transactions, payment gateways, and many more. 

As the fintech industry continues to flourish, professionals seeking to enhance their expertise in this domain can consider pursuing a PGDM in FinTech from Imarticus. This program equips students with the necessary skills and knowledge to thrive in this rapidly evolving landscape.

How is Blockchain Advancing the Field of Energy and Environment?

Posted on by Imarticus Learning

Welcome to a world where sustainability and innovation coexist, and technology lays the foundation for a more sustainable and effective future. 

Here comes blockchain, the paradigm-shifting technology that is transforming the energy industry. But what precisely is blockchain?

Imagine it as a decentralized platform that records and validates transactions safely and unchangeably, similar to a digital ledger. This innovative technology has already disrupted the banking industry and is now moving towards making its way into sustainability.

Using cryptographic hashes, a blockchain is a growing collection of documents (blocks) that are securely connected. Each block includes transaction data (often represented as a Merkle tree, where leaves represent data nodes), a timestamp, and a cryptographic hash of the preceding block.

We will examine how blockchain is expanding the fields of energy and the environment in this blog, ushering in a new era of effectiveness, openness, and environmental friendliness.

Learn blockchain and experience how it can transform how we address energy and environmental concerns.

Why is blockchain technology crucial for sustainable development?

Blockchain online training

The most recent advancements and technological advances supporting environmental sustainability, lowering carbon emissions, and preserving natural resources are called “green technology trends.” The urgent need to combat climate change and build a more sustainable future motivates these developments.

Impact of blockchain on environmental sustainability

  • Decentralized Energy Management

Blockchain technology supports decentralized energy management by facilitating the development of peer-to-peer (P2P) energy trading systems. Power is produced and delivered by centralized authority in a typical energy system, which results in inefficiencies and disruption susceptibility. Through solar panels or wind turbines, people and companies may create renewable energy and then directly sell extra energy to neighbors. This decentralized strategy lessens reliance on fossil fuels by empowering consumers and promoting renewable energy sources.

  • Smart Contracts for Automated Transactions

The self-executing contracts known as “smart contracts,” which have predetermined terms and conditions, are one of the main characteristics of blockchain technology. Smart contracts are essential for automating transactions between energy providers and customers in the energy sector. These agreements make sure that energy transfers place smoothly, transparently, and without the use of middlemen. As a result, expenses are decreased, and the likelihood of conflicts is decreased, increasing the security and dependability of energy trade.

  • Revolutionizing Wholesale Power Distribution

Connecting end customers with the grid is a key priority for businesses using blockchain technology in wholesale power distribution. Instead of buying energy from merchants, people may trade and buy it straight from the grid thanks to blockchain technology and IoT gadgets. 

A blockchain energy firm called Grid+ specializes in distributing energy at wholesale prices. The company has determined that retailers are the primary cause of inefficiencies in the consumer power market. Very little of the grid infrastructure is owned by retailers. Alternatively, they exclusively handle the services blockchain technology can take over, such as invoicing and metering. 

Supplementing merchants with a blockchain-based platform might result in a 40% reduction in consumer spending. Ethereum lets consumers purchase things by connecting them straight to the grid.

  • Incentivizing Energy Conservation

Through tokenization, blockchain technology may encourage energy efficiency. Consumers can get awards for lowering their energy use during peak hours or supporting energy-saving activities by producing digital tokens reflecting a specified energy quantity. These tokens may be used, swapped, or kept inside the energy ecosystem, promoting sustainability and a culture of conservation.

  • Facilitating Carbon Credit Trading

Trading carbon credits has gained popularity as a means of offsetting carbon emissions in the battle against climate change. By offering a safe and transparent platform for recording carbon credits, blockchain streamlines and simplifies the exchange of carbon credits. By implementing environmentally friendly activities, businesses and individuals may earn carbon credits, which they can then resell to other parties that need to offset their emissions. This procedure promotes a cleaner economy and the decrease of greenhouse gas emissions.

  • Empowering Energy Prosumers

Energy prosumers, who are both energy producers and consumers, are empowered by blockchain. As more people and companies choose renewable energy options, they can fulfill their energy demands and sell excess energy to other parties. As a result, the energy ecosystem becomes more adaptable and robust and is less dependent on centralized power plants. Energy prosumers are essential in influencing the future of energy and helping to achieve overall sustainability goals.

  • Enhancing Grid Security

Traditional energy networks are susceptible to physical and cyberattacks. Because blockchain technology is decentralized and encrypted, it can increase the security of electricity infrastructures. Because several nodes verify each transaction, it is very challenging for bad actors to interfere with the system. For the protection of essential energy infrastructure and the maintenance of a steady supply, this increased security is necessary.

  • Democratizing Energy Access

The removal of middlemen and the establishment of direct relationships between energy providers and customers using blockchain technology has the potential to democratize access to energy. Blockchain-powered microgrids can be developed to support underprivileged communities in areas with inadequate electrical availability. Millions of people’s lives might be greatly improved due to promoting social advancement and economic growth.

The Final Words

 Blockchain applications in the energy industry are numerous and exciting, ranging from decentralized energy management and smart contracts to energy traceability and carbon credit trading. 

We can also create a cleaner, greener, and more robust energy environment that benefits the earth and its inhabitants as we embrace this technology and use its promise. Blockchain technology is paving the path for creating a better and more sustainable future for future generations by empowering people, businesses, and communities.

With the PGDM in FinTech from DSB, where the program combines the best of both sectors, set off on a revolutionary adventure! Explore a dynamic combination of cutting-edge FinTech courses and fundamental management topics. Prepare for a thrilling journey through finance, marketing, operations, strategy, and entrepreneurship, all interwoven to offer a comprehensive understanding of business fundamentals. 

Get ready for a thorough and all-encompassing learning experience, unlike anything you’ve ever had as you prepare to unleash your potential and rule the world of financial technology!

Importance of Organisational Behavior and Human Resources Management

Posted on by Imarticus Learning

Organisational behaviour and human resources direction (HRM) play crucial roles in the success of any organisation. In today’s free enterprise, concern surround, companies recognise the significance of these two disciplines and their wallop on employees’ overall execution and productivity.

This article explores the grandness of organisational behaviour and HRM, their key concepts, the synergy between them, their applications in the business reality, challenges faced, and futurity trends. In the dynamical byplay landscape, organisations need to understand the intricacies of human behaviour within the workplace.

Organisational behaviour refers to the study of how individuals, groups, and structures interact and influence each other within an organisation. HRM, on the other hand, focuses on managing the people within an organisation to achieve strategic objectives. These two fields are intertwined, as effectual HRM practices rely on a deep apprehension of organisational behaviour.

Definition of Organisational Behaviour

Organisational behaviour encompasses a range of topics, including single behaviour, grouping behaviour, organisational culture, and leadership. It seeks to understand how individuals behave in the workplace, how groups form and interact, the wallop of organisational civilisation on employee behaviour, and the role of leaders in shaping organisational behaviour. By studying these aspects, organisations can gain insights into employee satisfaction, motivation, and execution.

Importance of Organisational Behaviour

Understanding organisational behaviour is crucial for several reasons. Firstly, it helps organisations create a prescribed work environment that fosters employee involution and satisfaction. By recognising single differences and promoting inclusivity, organisations can leverage diversity to aim for innovation and creativity. Secondly, studying aggroup behaviour enables companies to enhance team dynamics, quislingism, and problem-solving capabilities. 

Effective teamwork leads to higher productivity and breaks decision-making. Finally, organisational civilisation plays a life-sustaining role in defining employee behaviour and influencing their values, attitudes, and work ethics. A really warm and prescribed culture helps draw and keep top talent

The Role of Cloud Computing in Enhancing Organisational Behaviour and Human Resources Management

Cloud computing has emerged as a game-changer in the realm of organisational behaviour and human resources direction. By leveraging the force of the cloud, businesses can streamline their operations, optimise workforce direction, and improve employee coaction.

Cloud-based HR solutions enable seamless access to employee data, allowing HR professionals to make informed decisions and supply personalised support. Moreover, cloud-based platforms ease remote work, enabling employees to continue being connected and productive from anywhere. As organisations increasingly embrace cloud computing, its wallop on enhancing organisational behaviour and HR management continues to grow.

Key Concepts in Organisational Behaviour

Individual Behaviour

Individual behaviour focuses on understanding how employees’ personality traits, attitudes, motivation, and perceptions influence their behaviour in the workplace. By recognising individual differences and providing tailored support, organisations can maximise employee potential and job satisfaction.

Group Behaviour

Group behaviour explores the dynamics of teams and the impact of social interactions on performance. It involves studying factors such as group formation, communication patterns, conflict resolution, and decision-making processes. Organisations that effectively manage group behaviour can harness the collective intelligence and skills of their employees.

Organisational Culture

Organisational culture refers to the shared values, beliefs, and norms that shape behaviour within an organisation. It influences employee motivation, engagement, and commitment to organisational goals. A positive culture fosters a sense of belonging and encourages employees to give their best.

Leadership

Leadership is a critical factor in driving organisational behaviour. Effective leaders exalt and incite employees, create a vision for the organisation, and guide them towards achieving too common objectives. Leadership styles, such as transformational and retainer leadership, have an important wallop on employee performance and satisfaction.

The Role of Human Resources Management

HRM encompasses a chain of practices that aim to attract, acquire, and retain a very talented workforce. It involves very various functions, including recruitment and selection, training and development, performance management, and employee involution.

Recruitment and Selection

Recruitment and selection processes ensure that organisations hire individuals who possess the required skills, knowledge, and cultural fit. Strategic recruitment practices contribute to the organisation’s success by attracting top talent and promoting diversity.

Training and Development

Training and evolution programs raise employee skills, knowledge, and competencies. They equip employees with the really necessary tools to surpass in their roles and give to the organisation’s development. Continuous learning opportunities also improve employee participation and job satisfaction.

Performance Management

Performance management involves setting performance goals, providing feedback, and recognising and rewarding employee achievements. Effective performance management systems foster a culture of accountability, continuous improvement, and fair evaluation.

Employee Engagement

Employee engagement focuses on creating a positive work environment where employees feel valued, motivated, and committed. Engaged employees are more likely to go above and beyond their job requirements, resulting in improved productivity and customer satisfaction.

The Synergy between Organisational Behaviour and HRM

Organisational behaviour and HRM are interconnected disciplines. HRM practices should align with the principles and concepts of organisational behaviour to optimise employee performance. For example, understanding individual behaviour helps HR managers create personalised training and development programs. Knowledge of group behaviour enables effective team building and conflict resolution. Organisational culture influences HR policies and practices, shaping employee behaviour and attitudes.

Applications in the Business World

Organisational behaviour and HRM have extensive applications in the business world. Companies that prioritise these disciplines can enhance employee productivity, reduce turnover, and improve overall organisational performance. By fostering a positive work environment, organisations attract and retain top talent, resulting in a competitive edge. Effective HRM practices also contribute to the development of future leaders and succession planning.

Challenges and Strategies

Implementing organisational behaviour and HRM practices comes with challenges. Resistance to change, lack of employee buy-in, and limited resources can hinder successful implementation. To overcome these challenges, organisations should focus on effective communication, employee involvement, and continuous training. Adopting a data-driven approach and leveraging technology can also streamline HRM processes and enhance decision-making.

Future Trends in Organisational Behaviour and HRM

The field of organisational behaviour and HRM is evolving rapidly. Future trends include the integration of technology in HRM processes, increased focus on employee well-being and work-life balance, and the emergence of remote work arrangements. Organisations need to stay updated with these trends to remain competitive and attract top talent.

Conclusion

Organisational behaviour and HRM are critical aspects of managing employees in any organisation. By understanding individual and group behaviour, leveraging organisational culture, and implementing effective HRM practices, companies can create a positive work environment, maximise employee potential, and drive organisational success.

Embracing the synergy between these disciplines ensures that organisations stay competitive and adapt to the ever-changing business landscape.

If you’re interested in pursuing a career in Fintech, consider enrolling in Imarticus Learning’s PGDM In FinTech to gain the skills and knowledge needed to succeed in this exciting field.

Visit Imarticus Learning to learn more.

Cloud Computing and Robotic Process Automation in Business Processes

Posted on by Imarticus Learning

The business world is being transformed daily due to the implementation of technology.

Cloud computing delivers various services via the Internet, including servers, data storage, software and networking. Cloud computing has gained a lot of popularity for businesses that are looking for off-site data backup solutions. 

Robotic process automation (RPA) is the application of technology run on structured inputs and business logic to automate various business processes. Implementing RPA in business processes transforms an organisation’s manual and core processes. 

In this article, we will discuss implementing cloud computing and robotic process automation in various business processes. 

What is cloud computing?

Cloud computing can be described as the delivery of various services via the Internet. These include tools and applications such as databases, servers, data storage, software and networking. 

Cloud-based storage saves files in a remote database instead of in a traditional hard drive or local storage device. 

Instead of owning their own data centres or computing infrastructures, companies can rent anything from storage to applications from a cloud service provider. The data can be accessed as long as the devices have internet connection. 

Cloud computing has many advantages, such as increased productivity, cost savings, performance enhancement, speed and efficiency and security. 

With cloud computing, the following operations can be performed:

  • Analysis of data
  • Developing new services and applications
  • Hosting websites and blogs
  • Storage, backup and recovery of data
  • Streaming audio and videos 
  • Delivery of software on demand

Implementation of cloud computing in businesses 

Cloud computing has a wide range of applications in business processes. It eliminates the idea of depending on hardware resources and solely depends on virtual machines. 

Here are some ways cloud computing can be implemented in various business processes. 

File storage

A common use of cloud computing in businesses is file storage. Any file can be stored on the cloud. Private cloud services are also available in case some files need limited access. 

Data backup 

Even though data can be backed up in a computer or a drive, these can get physically damaged. The cloud allows you to back up data safely and securely. 

Data recovery 

As long as you have an electronic device and an internet connection, you can recover your data, files and programs in case of a disaster. Cloud computing is an excellent way of safeguarding important business information for later recovery. 

Infrastructure as a service 

Using cloud computing, your clients can use your infrastructure to host their cloud services. You can also sell third-party infrastructures to create websites for promoting the services and products of the client. 

Promoting collaborations 

Collaboration with any business or other businesses has become a global concern. With cloud computing, collaboration has been made easier. It does not matter where you or your collaborators are; all the project files can be shared via the cloud. 

Testing new projects 

Often tech companies use their private cloud for testing new processes or programs before they are launched. The company’s engineer can set up any test program to find and solve problems before sending them to the client. Once the testing has been done, the cloud is relinquished. 

What is robotic process automation?

Robotic Process Automation (RPA) uses automation technologies for mimicking back-office human tasks like filling in foams, extracting data, moving files etc. 

Just like humans, software robots are able to do things like recognise what is on the screen, navigate systems, complete the correct keystrokes, recognise and extract data, and perform various defined actions. 

Implementation of RPIs in various business processes has made way simpler. RPI software bots are able to interact with any system or application in the same way that humans do. 

RPA combines APIs along with user interface (UI) interactions for integrating and performing repetitive tasks. By creating scripts which match human tasks, RPA tools finish the autonomous execution of several activities and transactions. 

Employing RPA in businesses streamlines the workflow, making organisations more flexible, profitable and responsive. It also enhances employee engagement, satisfaction and productivity. 

RPAs are ideal for automating workflows, including legacy systems lacking database access, APIs and virtual desktop infrastructures (VDIs).

There are many advantages of implementing robotic process automation, such as:

  • Significant cost reduction
  • Empowers employees
  • Allows better operational and business control
  • Ensure better analytics 
  • Complex processes are made simpler and more flexible

Implementation of robotic process automation in businesses 

RPA implementation in business processes has completely revolutionised the business world. Here we will talk about how RPAs can be implemented in various business operations: 

Define the problem or opportunity 

The initial step for RPA implementation is to clearly define the problem or opportunity of the business which the companies want RPA to address. Clearly stating what needs to be done helps better understand the processes that need to be automated. 

Deciding which processes can be automated

Not all business processes can be automated. Some processes are ideal for human execution for the nature and complexity of the process. Hence, companies must closely examine the business processes and recognise the tasks best suited for automation. 

Check the feasibility of automation.

Automation of a complex process having several data requirements is usually challenging. Neither is the automation of a process with a concern about compliance. 

Create a business case for the processes.

This is done to justify why automating the process is the right idea from a cost-benefit point of view. For this, leaders must estimate the costs of implementing RPA and the advantages of automating the task. 

Create an implementation plan. 

This is done to recognise how and when RPA will be deployed in a company. Developing a detailed implementation plan will ensure the business’s smooth and successful running of RPA. 

Conclusion 

With the advancement of technology, businesses are also taking advantage of it to simplify business processes faster and cheaper. Implementing cloud computing and robotic process automation has made various business processes much easier. 

If you want to build a career in the field of technology, check out Imarticus’s PGDM in FinTech course. This is a two-year course taught by some of the leading industry professionals. 

The FinTech industry is rapidly growing, and with the PGDM in FinTech course, you can make a mark in the field. 

Enrol with Imarticus to learn more!

Insurtech: Innovations in the Insurance Industry

Posted on by Imarticus Learning

Have you ever tried to navigate your way through insurance claims? Despite numerous phone calls, emails and then some more chasing after the customer care executives – oftentimes all this hustle goes in vain. Lack of substantial response ends up generating lower customer satisfaction and an even more bitter experience, until technology swoops in and saves the day.

In today’s fast-paced world, technology has been a disruptive force in almost every other industry. The insurance industry is not an exception. If you are looking forward to a career in fintech, knowing about insurtech is essential. In this blog, we shall try to understand how technology has penetrated the insurance market and explore the innovations that have impacted the industry altogether.

What is Insurtech?

As the word suggests, Insurtech is the technology designed to remodel the insurance industry to make it more customer-oriented and user-friendly. The term Insurtech comes from ‘insurance’ and ‘technology’ put together, inspired by Fintech (finance+technology). Insurtech now has effectively revolutionised the industry that once upon a time was made of tonnes of paperwork and some extremely tedious process of claim settlements. Along with that, insurtech has also come to ensure efficiency and cost-effectiveness while reducing errors and fraud with cutting-edge tools.

How so? Let us learn more.

Streamlined customer experience

Customer experience is one of the most crucial aspects of selling insurance. An improved customer experience is the catalyst of growth of the entire industry. But in the case of insurance, all the manual paperwork and process of claim settlement get quite cumbersome.

With the help of insurtech, one can easily purchase insurance policies online, have it customised based on their needs, submit claims simply with a tap of a finger and receive time-to-time updates on their mobile phones. Cloud computing and other technologies such as Artificial Intelligence and Machine Learning help in determining the amount of policy premiums based on the data provided by the customer. The digitised way not only makes buying insurance easier but also lets the customers navigate their way through the whole process with more convenience.

Advanced data analytics

Insurance is something that should be unique to individual customers. Every customer has their own set of needs and priorities. Insurance should be based on those essential points. Earlier, insurance used to have a set structure and customers had to buy a certain type of insurance to avail of specific benefits, all the while paying for things they did not need. Insurtech allows the much-needed customisations to insurance policies. With the help of artificial intelligence or AI, both insurers and customers can now analyse information to personalise packages.

Chatbots provide customer support to policyholders without the fuss of human interaction. Automation helps in designing an insurance policy that is solely fitted for the policyholder. For example, certain technical devices are installed nowadays in vehicles to collect data on driving behaviours. That data comes in handy in the future to calculate the amount of insurance premiums. Even wearable devices that can track various health metrics like heart rate, blood pressure, oxygen saturation in blood, and sleep patterns help design insurance policies for customers.

Blockchain and smart contracts

Blockchain is one of the pioneering technologies that has transformed the insurance industry for the better. Blockchain helps insurers create transparent and secure pathways for collecting and storing data of customers and their transactions. It also lets smart contracts automate the claim settlement process with more ease and efficiency. Smart contracts also come in handy in proceeding with the settlement after validating the claims of the policyholders. The execution of the entire process does not get started until the smart contract verifies the specific conditions that are to be met for the claim settlement. That is how this technology helps filter out potential fraudulent claims with finesse.

Internet of Things (IoT)

Internet of Things or IoT devices are the bridge between physical devices and software that analyse the data collected by them. Insurance providers heavily depend upon the real-time data collected by sensors and connected devices alike. For example, automobile insurers offer devices that gather data on vehicle conditions and driving patterns of the policyholder. The insurance premiums and the claim settlement amounts are decided based on those analytics. IoT devices are also capable of effectively identifying health hazards and contributing to the prevention of potential risk factors.

Pros of insurtech

Insurtech plays a pivotal role in filling the loopholes in traditional insurance policies with its new-age technological innovations. The reasons why customers these days are inclined towards opting for insurtech are:

  • Insurtech enhances the customer experience by providing easy access to policy-related information. The innovative technology also helps them understand the nitty-gritty of the coverage. As the entire service is available online, the customers do not have to travel to certain offices to derive any information whatsoever.
  • Insurtech focuses on the customisation of policies based on the needs of the policyholders. This technological trait makes the customers feel more comfortable with their investments.
  • Insurtech improves seamless efficiency in the industry. Earlier, insurers and customers had to research a lot and explore a lot of options before deciding on a policy that fits their bill. Now, with the help of technological tools, both the insurer and customer can finalise their desired policy within a much lesser time, with more accurate projections.
  • Insurtech ensures cost-effectiveness. Earlier, traditional insurance companies used to rely on manual labour and the miscellaneous cost would go up with no guaranteed outcome. Now with insurtech, companies engage staff remotely with almost no convenience cost and way more effective results.
  • Insurtech promotes flexibility as the AI tools, chatbot and automation are available 24×7 to find resolutions to the queries of the policyholders and potential customers.
  • Insurtech also accurately assesses the risk factors and provides optimised support in case of fraudulent activities.

Cons of Insurtech

Along with multiple pros, insurtech has a few cons as well:

  • Technologies, no matter how advanced they might be, can sometimes be extremely confusing for new users. With all these new-age tools at their disposal, it can get incredibly overwhelming for technologically challenged customers.
  • There also are nuances that are better explained by human agents than chatbots. Strictly online services can be limiting for all those enquiries.

Conclusion

The longstanding traditional insurance industry is now evolving rapidly with disruptive innovations like insurtech. Although insurtech is still at a nascent stage, it has revolutionised the insurance market with more certainty and sustainability. Insurtech has introduced a new way of looking at insurance policies and navigating through the nooks and corners of the industry. It has helped the customers with a more analytical approach and efficient yield. Some might say that the insurance industry is losing the human touch, but with its proven relevance, pace and responsiveness – it is safe to say that insurtech is here to stay.

Imarticus Learning provides an exceptionally insightful PGDM in Fintech. This course is designed in collaboration with Delhi School of Business. This 2-year full time course arms the students with in-depth knowledge and hands-on experience they can use to build a successful career in fintech. Sign up for the PGDM course today and prepare yourself for a brighter future.

Decoding the Rise of Neobanks

Posted on by Imarticus Learning

The global financial industry is under transformative siege by a phenomenon known as “neobanking.” These digital-first entities are redefining banking services, emphasising customer-centric solutions and challenging traditional banking norms. This rise of neobanks, in sync with the broader wave of digital disruption, is reshaping the landscape of financial services. 

As we proceed through this article, let’s unravel the world of neobanking and explore how a career in fintech could offer unparalleled opportunities in this evolving space.

An Era of Digital Disruption: The Advent of Neobanks

The neobanking phenomenon had its roots in the 2008 financial crisis when trust in traditional banks took a substantial hit. In parallel, the advent of smartphones and internet penetration paved the way for the digital revolution, making neobanks a reality. Today, neobanks have successfully carved out their niche in the financial ecosystem, with players like Revolut, Chime, and N26 leading the pack.

Unlike traditional banks, neobanks operate solely online, offering a gamut of services from money transfers to personal finance management and lending. They have managed to break free from the geographical constraints of brick-and-mortar branches and legacy IT systems, offering customer-focused solutions characterised by accessibility, simplicity, and personalisation.

Harnessing the Fintech Revolution: The Power of PGDM in Fintech

pgdm in fintech course

With neobanks and fintech firms revolutionising the industry, there’s an increased demand for professionals equipped with the right skills and knowledge. This requirement brings us to the significance of professional courses, such as a Post Graduate Diploma in Management (PGDM) in Fintech.

A PGDM in Fintech program is designed to bridge the skills gap in the ever-evolving fintech landscape. It provides comprehensive knowledge of financial products and services, technology’s role in finance, regulatory considerations, and much more. The course is structured to equip students with the required skill set to innovate, strategise, and manage fintech operations.

One such noteworthy course offering is the PGDM in Fintech by Delhi School of Business. This program, curated by industry veterans, integrates the latest developments in the fintech ecosystem, like neobanking, into its curriculum. It serves as a stepping stone for aspiring professionals aiming to navigate their careers in this dynamic landscape.

Building a Career in Fintech: Seizing the Neobanking Opportunity

The rise of neobanks has led to a surge in job opportunities within the fintech domain. From product managers and data analysts to compliance experts and software engineers, the sector has diverse roles to offer.

While technical skills form the core of these roles, what sets apart successful fintech professionals is a deep understanding of the business side of things – the understanding that courses like a PGDM in Fintech provide. This expertise facilitates better decision-making, a crucial aspect given the rapid developments and disruptions in the industry.

Moreover, fintech firms, including neobanks, value innovation and agility. Thus, being part of this industry opens up avenues to work on cutting-edge technologies, such as AI, blockchain, and big data, directly impacting the financial landscape.

The Future of Neobanking and Fintech

The world is only witnessing the dawn of neobanking. With customer preferences leaning towards digital experiences and regulators becoming more open to digital banking, the future looks bright for neobanks. From here on, the challenge for neobanks would be to maintain their momentum and continually innovate to retain their competitive edge.

In this dynamically evolving fintech environment, professionals must embody the spirit of lifelong learning. The terrain of fintech is in constant flux, and it’s a necessity for individuals who aim to succeed within it to adapt and upgrade their skills consistently. Taking a step towards a PGDM in Fintech could be the defining moment in this career progression, laying the groundwork for a fulfilling and successful journey in the realm of fintech.

In conclusion, the rise of neobanks and the broader fintech revolution offer tremendous opportunities for professionals and students alike. As we move towards an increasingly digital future, those equipped with the right skill set and knowledge, like those graduating from a well-structured fintech program, will undoubtedly have the upper hand in this exciting journey of financial innovation.

Why choose PGDM In FinTech from Delhi School of Business

Posted on by Imarticus Learning

In today’s rapidly evolving financial landscape, the intersection of finance and technology has given rise to a dynamic field known as FinTech. As the demand for professionals equipped with financial and technological expertise continues to grow, pursuing a Post Graduate Diploma in Management (PGDM) in FinTech has emerged as an attractive option. In this blog, we will explore the reasons why choosing the PGDM in FinTech program at Delhi School of Business can be a transformative step towards a successful career in this thriving industry.

 Overview of FinTech

pgdm in fintech course

Fintech refers to businesses adopting new technology to compete with conventional financial techniques in the delivery of financial services. The term is a portmanteau of “financial technology” and “financial technology.” The “ABCD” (four essential aspects) of fintech are viewed as being comprised of big data, cloud computing, blockchain technology, and artificial intelligence. Examples of technology intended to increase financial service accessibility for the general population include mobile banking, investing, borrowing services, and cryptocurrencies.

FinTech, a portmanteau of “financial technology,” refers to the innovative use of technology to deliver financial services more efficiently. It has revolutionized the financial industry by providing solutions that enhance convenience, accessibility, and security. The growth and impact of FinTech have been unprecedented, disrupting traditional banking, payments, lending, and investment sectors. Its significance lies in democratizing financial services, empowering individuals and businesses worldwide, and fostering financial inclusion.

Emerging Trends and Opportunities in the FinTech Sector

The FinTech sector is characterized by constant innovation and evolution. Several emerging trends, such as blockchain, artificial intelligence, machine learning, and data analytics, are shaping the future of finance. These trends create exciting opportunities for professionals to leverage technology and transform traditional financial practices. The PGDM in FinTech program equips students with the knowledge and skills to harness these trends and thrive in this dynamic industry.

Is FinTech MBA worth it?

PGDM, or Post Graduate Diploma in Management, is a comprehensive management program that provides students with a strong foundation in various aspects of business administration. The specialization in FinTech education within the PGDM program focuses on bridging the gap between finance and technology, preparing students for the unique challenges and opportunities in the FinTech domain. The curriculum is designed to develop a deep understanding of financial concepts, technological advancements, and their integration to drive innovation in the financial sector. Here are more reasons why is FinTech MBA is worth it.

Strong Industry Connect

Delhi School of Business (DSB) has established strong ties with prominent FinTech companies, ensuring students receive industry-relevant education and exposure. Collaborations with leading firms provide students with valuable insights into real-world applications of FinTech. DSB also invites industry experts as guest lecturers and conducts workshops, enabling students to learn from seasoned professionals and gain practical knowledge. Additionally, the program offers internship and placement opportunities with top FinTech firms, facilitating a smooth transition from academia to industry.

Experienced Faculty

The faculty members specializing in FinTech at DSB possess a wealth of industry experience and academic qualifications. They bring a unique blend of theoretical knowledge and practical insights, enhancing the learning experience for students. The faculty’s expertise spans areas such as financial technology, digital banking, blockchain, cybersecurity, and data analytics. Their guidance and mentorship equip students with the necessary skills to confidently tackle the FinTech landscape’s challenges.

Curriculum & Course

The PGDM in FinTech program at DSB offers a well-rounded curriculum that balances core management subjects with specialized FinTech courses. Core courses also include finance, marketing, operations, strategy, and entrepreneurship, providing a holistic understanding of business principles. Specialized courses delve into topics like digital payments, blockchain applications, financial data analytics, and cybersecurity in the financial sector. The program emphasizes practical learning through case studies, simulations, and industry projects, ensuring students acquire hands-on experience and develop industry-relevant skills.

Technological Infrastructure

Delhi School of Business boasts state-of-the-art facilities and resources to support the learning needs of FinTech students. The institution provides dedicated labs and research centres focused on FinTech, equipped with cutting-edge software and tools utilized in the industry. Access to these resources empowers students to experiment, innovate, and stay abreast of the latest developments in the FinTech field.

Industry Exposure and Networking

DSB organizes industry visits and field trips to FinTech companies and organizations to foster industry exposure. This firsthand experience offers students a glimpse into the practical applications of FinTech concepts and allows them to network with industry professionals. Additionally, students actively participate in FinTech conferences, seminars, and workshops, where they can learn from industry thought leaders and expand their professional network. These opportunities are pivotal in preparing students for successful careers in the FinTech sector.

Alumni Success Stories

The PGDM in FinTech program at DSB has witnessed numerous success stories among its alumni. These individuals have achieved remarkable career progression and made significant contributions to the FinTech industry. Their success underscores the program’s effectiveness in providing the necessary knowledge, skills, and networks to excel in this competitive field. Testimonials from these alumni testify to the program’s impact on their professional growth and validate the decision to pursue the PGDM in FinTech at DSB.

Final Words:

The need for qualified FinTech workers will only expand in the coming years as the fintech sector experiences one of the world’s highest growth rates. The course offers a thorough curriculum that covers every facet of FinTech, from the fundamentals of the field to the most recent developments. 

Imarticus Learning presents an exciting opportunity to pioneer the world of FinTech with their PGDM in FinTech program. This PGDM In FinTech is designed to empower individuals and equip them with the skills needed to thrive in the rapidly evolving FinTech industry. The curriculum of the PGDM in FinTech program at Imarticus Learning is aligned with industry requirements, ensuring that students gain a comprehensive understanding of crucial industry aspects. 

Wait no more, and grab your opportunity to make a career with PGDM in FinTech today!