What to Know About Cryptocurrency?

Posted on May 10, 2022March 28, 2024 by Imarticus Learning

With everything becoming dependent on technology, why not money? Monetary transactions have slowly gone digital too. With this form of digitalization, cryptocurrency was also developed which evolved into a medium of exchange.

Bitcoin became the first cryptocurrency that began back in 2009. Now, businesses are looking towards this exchange medium, with the likes of Elon Musk investing $1.5 billion in Bitcoin. Hence, it would be wise to know what cryptocurrency is and why it has already taken the world by storm.

What is cryptocurrency?

The meaning of cryptocurrency lies in its name itself. It is a kind of digital currency that is encrypted for security purposes. As it is encrypted, it becomes impossible to counterfeit like real money or even hack virtually. It comes in the form of digital coins and tokens that one can buy with real money.

Or, if someone has the expertise in technology, they can ‘mine’ it for themselves via a strong graphics processing unit (GPU).

Most of the cryptocurrencies use Blockchain technology, which is decentralized and records transactions among computers. Cryptocurrencies are mainly used for trade finance. People usually use it to buy goods and services for many beneficial reasons.

Different types of cryptocurrencies

Bitcoin is the most popular among all cryptocurrencies and currently, there are at least 18.5 million tokens being used. Besides Bitcoin, there are more than 6,700 kinds of cryptocurrencies being used in the market nowadays. And, some of them are:

Ethereum: Ethereum uses a token named Ether and it mainly promotes free access. But mostly, it is for developers to get rid of middlemen and control their apps.

Litecoin: Litecoin was created in the light of Bitcoin to improve upon it. It is basically the same as Bitcoin other than faster time for transactions and a few more benefits.

Stellar: Stellar’s currency is Lumen and its uniqueness lies in people being able to transact between different countries. Also, huge transactions can be made with little to no hassle.

How to buy cryptocurrencies?

If someone wants to buy some cryptocurrencies for themselves, they will need an app where they can hold the currency like a ‘wallet’. Then, they can create an account and transfer real money to buy cryptocurrencies. Some online brokers are also selling cryptocurrencies. Notably, the exchange rate for cryptocurrencies can fluctuate at any time due to its decentralized nature.

Further, cryptocurrencies are very much transparent. They have zero possibility of being stolen. The transactions can also be quicker and made with minimal transaction fees compared to banks or other financial organizations, which makes trade finance a much easier process.

By and large, cryptocurrencies are a little risky but as online transactions are increasing day by day, their importance is increasing too. One should only go along with purchasing cryptocurrencies with their advantages and risks all in mind.

The future of work in the age of cryptocurrencies

Posted on April 19, 2022April 20, 2022 by Imarticus Learning

The last few years have witnessed a fluctuating state of cryptocurrency across the globe, right from seeing an immediate rise with the meme currency ‘doge coin’ to downright plummeting around 50% from its recorded highs. The idea of cryptocurrency might seem too far for many, but it is here, growing as a household name, on its way to taking over traditional monetary exchange methods.

Rapid digitization is pushing the easy transaction agenda, and cryptocurrency ticks all the boxes for it. Participation by big market names is only leading it to gain more traction. But what exactly does the future hold for cryptocurrencies?

With analysts estimating a growth triple the size of the current crypto market, its inclusion in various sectors is being scrutinized. Although owning a complex state and framework, cryptocurrency’s popularity is rising, and future work processes are more than likely to experience its effect.

The explosive investment in crypto is a sign of its forthcoming involvement in the work sector as organizations are steadily riding the crypto bandwagon. With crypto delivering diverse ways to handle financial processes, at times better than the traditional banking systems, people are heavily inclined towards its active usage.

Institutionalization of Crypto

The snowball effect surrounding crypto takes massive credit for its readily growing success as market figures like Elon Musk endorse digital currency usage. In addition, global digital transaction leader Paypal has stepped into the arena as well, allowing users to sell, buy and hold cryptocurrencies as a payment option. Following suit, Visa and Mastercard are looking forward to a crypto supporting framework as well, introducing customers to the newly opted concept of a transaction.

Besides growing popularity, cryptocurrency estimates a successful future in the age of work, becoming a new source of transactions, with its diverse set of advantages.

Advantages of Cryptocurrency

The rise of remote working has created trouble dealing with employee payroll. In addition, issues with cross-border transactions have always been a matter of concern as exchange rates can be substantially huge and face numerous discrepancies. Besides exchange rates, banking charges are another hassle organizations often deal with.

The introduction of cryptocurrencies simplifies the process to a great extent with its public transaction and little-to-no processing fee or exchange rates. One doesn’t need to assess dozens of currencies if transactions occur through crypto; therefore, many organizations are looking forward to its acceptance in the workplace.

Drawbacks of Cryptocurrency

Crypto has its share of drawbacks as well, preventing it from experiencing an immediate rise in workspaces. The foremost hindrance to its growth is its complex framework. Although gaining popularity among the masses, crypto is still a mystery for common working people, unaware of digital trends. One of the most common criticisms cryptocurrencies face is holding no inherent value.

Climate change is a rising concern among people, with individuals trying their best to inhibit carbon emissions. At a vulnerable time as such, usage of cryptocurrency can reap negative implications. Assimilation of crypto in the future image of work is expected to invite greater expenses on electricity associated with greater environmental impact.

What’s the Verdict?

Regardless of inflicting harm or benefit, crypto has risen as one of the most popular digital currencies and will continue to do so in the future. As crypto has spread its wings and gained popularity among the masses, it is bound to be the future of work, with ease of transaction. Although the masses are skeptical about its use, the technology is slowly seeping into the work culture as organizations continue using it.

People interested in educating themselves through a cryptocurrency course can explore Fintech Certificate Online for learning opportunities.

Blockchain and FinTech: Career Opportunity or Threat?

Posted on November 9, 2021March 26, 2024 by Imarticus Learning

The industry of financial services is one that has expanded at an exponential rate over the past couple of years and by the looks of it, it doesn’t look like its growth is going to slow down any time soon. With the establishment and growth of mobile payment, cryptocurrencies as well as online banking, a question that is largely being asked is whether digital systems such as these pose a threat to us while we go about our daily businesses.

There is an element of uncertainty to any revolutionary idea and FinTech is no different. FinTech has been finding a place in industries and organizations belonging to a variety of sectors, reaching almost all areas thus inspiring further change as well as innovation within it.

However, it is important to be careful and take measures to diminish the potential for this technology to be utilised as a tool for malpractice.

The inadequate performance of banks is among the several reasons contributing to the growth and popularity of FinTech. Banks seem to be having difficulty in gaining their cost of capital and thus are looking for newer business models as an aid. In order to remain competitive, banks are looking for various strategies that will help them evolve.

Banks need to slowly start coming to terms with FinTech technology as well as its potential to start operating over a large number of sectors, thus not being limited to just financial services. An issue that is being posed at present is the development and use of blockchain technology.

The technology meets all the vital requirements for durable media, thus guaranteeing integrity as well as the confidentiality of the various documents sent to the client. This increases its appeal for potential use by banks. Customer empowerment is another key factor in the development of FinTech.

Advantages of FinTech

There are several advantages that FinTech provides its users with. FinTech improves efficiency, is faster and provides an improved experience in general for its clients as well as end-users. People do not have to be at the mercy of banks in dealing with various international payments as well as transactions.

FinTech provides its users with an ability to perform all their important financial operations through their smart-phones or computers and these are processed in a matter of seconds.

Risks Posed By FinTech

Even though FinTech is advantageous in a large number of ways, like any other technology, FinTech also poses a few risks in its use. The first concern when talking about FinTech is the various risks posed by third-party services like cloud vendors. There is a level of operational risk posed by a third-party governance system.

Procyclicality is a possible risk which could come out of a number of sources and lead to various systematic risks. This becomes very important particularly when there is a high number or concentration in a platform or a market segment.

Another thing that may pose as a concern is various cross-border legal issues and various other regulatory issues which would need to be taken into account as well. When it comes to computation of big data and algorithm complexity, the lack of clarity makes regulatory disclosures all the more challenging.

Cyber risk is the most obvious threat that people worry about when it comes to any technology. The more we move towards digitalizing our world, the more we need to ensure that everything is up to date and mitigate security risks.

A career in FinTech right now is the smartest choice to make. FinTech courses would help in equipping with information and details required to succeed in this field. It is important to learn blockchain before stepping foot into the world of FinTech.

Facing the real challenge while an examination? Check this interesting format of SP Jain’s Fintech program.

Posted on November 6, 2021May 28, 2025 by Imarticus Learning

Are you looking for a job in the Indian Fintech industry? Fintech exams for recruitment or certification can be tough and you need to have the required skills to crack it. There are many online certification courses on the internet but many of them do not provide an in-depth learning curriculum.

The SP Jain’s Fintech program provide by Imarticus Learning will provide you industry-oriented learning. It will help you in building a successful career in the fintech industry. Read on to know more about the interesting format of SP Jain’s fintech program.

Course Overview

The Professional Certification in Fintech is provided by Imarticus & SP Jain School of Global Management. Along with in-depth coverage of fintech aspects, this course will also provide you experimental learning. This course comes in two formats i.e. CORE Modules & PRO Modules.

The CORE Modules will cover various tools & technologies used in the fintech sector. The PRO Modules include the topics covered in CORE Modules plus extra learning. Let us see the detailed curriculum of both modules.

CORE Modules

The topics covered in the CORE Modules are as follows:

• Introduction to BFSI & Fintech – You will go through various case studies to understand the modern banking landscape. You will also get to work on a group project under this module.

• Cloud Computing & API Economy – Recruiters in the fintech industry look for candidates who are experts in modern-day technologies like cloud computing, big data analysis, etc. You will learn about APIs, open APIs & connected businesses. You will learn about API management in the fintech industry.

• Data Transformation and RPA – RPA (Robotic Process Automation) is used to automate many processes in the fintech industry. This course will help you in learning about process mining & optimization. It will also cover various aspects of business process reengineering.

• Blockchain & Beyond – This topic in CORE Modules will cover the usage of blockchain in the current fintech industry. You will also learn about various tools & applications used to provide fintech services to consumers.

PRO Modules

The topics covered in PRO Modules (140 hours) are:

• Payments – Consumer & Wholesale – You will get to know about modern-day payment practices. This module will also help you in understanding various innovations in the payments & lending market led by the government/private sector.

• Use of Technologies in Payments & New Business Model – You will get to know about programmable payment systems. This module will cover various aspects like the use of AI/ML bots, cryptocurrency management, hybrid payment products, IoT in fintech, etc.

• Lending – Consumer and Wholesale – This sub-module covers various aspects of the fintech industry like social media-based profiling, comparison tools, regulatory frameworks, SME/MSME lending. You will get to know about the innovations in the lending/loan industry.

• Use of Technologies in Lending & New Business Models – This sub-module will focus on the use of data science & machine learning for cross-selling. It will also teach you about synthetic lending products using AI/ML & DeFi lending.

Benefits of the SP Jain’s Fintech Program

• You can get your hands on the Project: Paradigm shift under this course. It will help you in working on a visionary fintech business idea/project.

• Your final examination will be open-book and you will have to make business decisions in this simulated test as a CXO. Upon the completion of the course, you will be handed the fintech certificate.

• You will also get to be a part of the Singapore Immersion Program and can meet fintech professionals from more than 140 different countries.

• You will be a part of the Perpetual Learning Program (PLP) giving you lifetime access to webinars from various industry experts.

• You will also gain access to the SP Jain’s laboratories along with becoming an alumnus of the SP Jain School of Global Management.

In a Nutshell

The in-depth course curriculum of SP Jain’s fintech course will help you in learning the practices in the fintech industry. You will also learn about the role of modern-day technologies in fintech. You can download the course brochure from the Imarticus website.

You will be able to know the operations involved in digital banks. Start your fintech course now!

How Blockchain is Changing Banking Industry?

Posted on September 28, 2021April 1, 2024 by Imarticus Learning

Understanding Blockchain

In simplest, blockchain can be understood as a digital ledger that keeps a record of transactions of high economic significance and it cannot be manipulated or corrupted.

So how’s that possible? Well, the construct of blockchain is such that any data is store on thousands of serves and everybody who has access to that blockchain can find out about any changes made to the document. Firstly, it doesn’t allow changes on a later date and secondly, it keeps track of all the activities carried out on that digital ledger.

Blockchain training uses a distributed ledger system that is highly decentralized and shows all information and updates in real-time to all the users that have access to a particular block.

Each block in the blockchain carries the number of transactions and a new record is formed when new transactions are recorded.

One of the most prominent and oldest uses of the blockchain application was evident in Bitcoin that is a cryptocurrency using blockchain technology to facilitate transactions. Since then, there have been many new applications of blockchain technology.

Blockchain in Banking

The blockchain technology is still in its nascent stage and there is much to be discovered about this technology. Bitcoin introduced the blockchain technology to the world but its tremendous potential led to new applications of this technology and opened new avenues for growth using blockchain.

Businesses in multiple industries are using the blockchain technology to reach new markets and boost profitability. One of the industries that have drastically transformed with the advent of this powerful technology is the banking sector.

Let’s delve deeper into how blockchain is helping the banking industry to overcome the challenges.

Quicker Transactions

In the contemporary digital era, customers are used to faster services that don’t take more than a few minutes to materialize.

Now one of the major challenges faced by the traditional banking systems is that it takes more than the necessary time to settle financial transactions carried out between two parties. The average time taken earlier was between 1to 3 days.

This processing time will not be entertained by customers in the present. Blockchain is a highly decentralized technology that eliminates mediators to verify and process the transactions. Banks can effectively use blockchain to reduce their processing time and enable faster transactions.

Fraud Detection & Enhanced Security

The traditional banking system is full of loop-holes that are used by cybercriminals to leak vital information, hack bank accounts and carry out fraudulent transactions.

Identity theft is also a common problem in the modern digital age. Banks need better protection against these cybercriminals to detect fraud and eliminate the chances of data leakage.

Blockchain solves this problem to a great extent as it uses cryptography and decentralized system to record financial data.

This minimizes the probability of data leakage and manipulation to a great extent. This makes blockchain indispensable for the banking system when it comes to securing financial transactions and vital data.

Better Data Quality

Data quality improvement is certainly one of the most important benefits of using blockchain technology in banking. Traditionally the banking related data was stored by banks in multiple locations with different parties having access to each.

This allows easy data manipulation without any repercussions but given the blockchain highly decentralized structure it is almost impossible to manipulate data without being caught.

Systematic storage of data without any user-bias makes it more authentic and helps banks to better target customers and increase their profitability. It also instils more accountability in the whole banking process.

Cost minimization

Yet another important benefit of blockchain that has been changing the banking industry drastically is its cost minimization benefit. The traditional banking system involves a lot of intermediaries to process and facilitate financial transactions.

Blockchain helps to remove all these unnecessary financial intermediaries and reduces the cost drastically which resulted due to increase involvement of middlemen. Smart Contracts are being used by banks to reduce administrative charges and enforcing contracts.

A smart contract automatically executes and enforces legal actions as per the terms and conditions of the contract.

Better Financial Inclusion

Financial inclusion has been a major challenge, especially in developing countries where there is a high population living below the poverty line. These people fail to open a bank account or avail other financial services due to high fee and associated costs. Blockchain technology eliminates all irrelevant mediators and helps to drastically reduce the cost associated with carrying out financial transactions.

This will help more people to avail banking-related facilities and help bring more financial inclusion. In addition to this, it also helps small players in the industry to compete against the big banks and gain a fair share of the market. Blockchain in the digital age will surely boost financial inclusion.

Banking has always been a preferred career option for the majority of people who want to build a long-term successful career with rewarding perks. A career in banking today requires more than just traditional banking skills.

One can opt for the Imarticus banking course to obtain knowledge and skills relevant in the contemporary banking sector.

It will help to boost your job prospects and give you an edge over the competition. Imarticus banking training also guarantees job assurance with the most reputed players in the banking industry.

How can the Blockchain Secure IoT Networks? Applications of Blockchains in the IoT!

Posted on August 23, 2021May 14, 2024 by Imarticus Learning

The blockchain and the IoT have immense potential, and professionals are already working to combine these technologies. This merger can enhance data security within IoT networks & support various IoT solutions.

Here’s how blockchain features can be used to enhance IoT networks:

Why do IoT networks need blockchains?

The concept of an IoT network is that smart devices gather data about the environment, wirelessly connect to the internet and other devices via gateways & routers, & share the data collected within a network.

In addition, remote devices with user interfaces control IoT devices while transmitting data to users. In this IoT network, the data flows between IoT devices & can be stored on the cloud, local database, remote device, or IoT devices.

Applications of IoT:

IoT is used in workplaces, public spaces, streets, or at home, facilitating smart home systems, security systems, smart city infrastructure, etc. IoT devices are widely used in healthcare, manufacturing, construction, agriculture, & other industries. Wireless connections make IoT technology easy to implement for home & business usage.

Benefits of integrating a blockchain into an IoT network:

Data decentralization

The distributed architecture of blockchain means there’s no central point of control. This eliminates single points of attack or failure, reducing infrastructure, reconciliation, & management while improving fault tolerance. The nodes in a blockchain network manage the distributed digital ledger and confirm new blocks.

Improved system scalability

While reducing IoT silos, blockchain IoT integration contributes to improved scalability. Decentralized networks distribute workloads over devices and provide more computing power than centralized networks.

Guaranteed data stability

The data stability in a blockchain is ensured with cryptography that makes the distributed ledger permanent and unalterable. Added cryptography to smart devices provides secure data transfer & storage. A blockchain can keep a stable history of device communications within a specific IoT network.

Stronger authentication

With a blockchain, every IoT device can be identified. A blockchain can ensure trusted authentication & authorization for smart devices, which means all data within the IoT network will be secured. The private key remains with the user and is used to prove their identity, while the public key is distributed to the network provider.

Enhanced privacy & security

Blockchain secures communication between IoT devices by storing data in transactions & validates those transactions with nodes. This ensures traceability & accountability of sensor data. By using cryptography for communications, blockchain eliminates the risks of data breaches.

Improved data management

A blockchain facilitates IoT devices to communicate without involving a server, cloud storage, or other local databases. IoT developers can use blockchains to provide device-agnostic & decoupled applications.

Grow and learn with Imarticus Learning:

Both blockchain and IoT technologies are constantly developing to solve existing problems & meeting new ones. A Blockchain course is all you need to consider for those looking for career opportunities in the tech industry.

If you wonder how I become a Blockchain software engineer, Imarticus Learning caters to your doubts and offers Blockchain courses that get you into detail.

The 9-month extensive program will help you prepare for the new-age Software Engineer role specializing in Cloud, Blockchain, and IoT.

The course allows students to build a strong foundation of Software Engineering concepts, with industry experts helping to learn the practical implementation of Cloud, Blockchain, and IoT through real-world projects from diverse industries. This course goes a long way towards helping you unlock lucrative career opportunities in the ever-growing field of Software Engineering.

For further details, reach out through the Live Chat Support system or visit our training centers in Mumbai, Thane, Pune, Chennai, Bengaluru, Hyderabad, Delhi, Gurgaon, and Ahmedabad.

The Fate of Crypto Hedge Funds: Observations and Predictions for 2021

Posted on August 11, 2021March 22, 2024 by Imarticus Learning

In 2021 over half of crypto hedge funds will go belly up. Around 20% percent that is still in business by this time next year won’t last much longer, though, so investors must be proactive and cautious when evaluating the viability of a fund before investing their hard-earned money into one. On average, these new ventures tend not to survive more than five years on account of competing against traditional investment opportunities with lower risk profiles such as stocks and bonds.

They also have difficulty attracting talented programmers due to lackluster paycheques compared to other lucrative professions like software engineering or data science, which offer better compensation packages alongside flexible work schedules often lacking among those interested in joining cryptocurrency development teams.

In this article, we’ll discuss how to get into a career in FinTech and take an overview of some great online classes for those looking to sharpen their skills at one of today’s hottest industries!

Cryptocurrency Course

The cryptocurrency course will change the way you think about money. Imagine being able to decide how much of your paycheck goes into stocks, bonds, and other investments!

Or what if people got paid based on their contributions instead of hourly wages? How would that affect the American economy? These are just a few examples; start exploring for yourself with this dynamic class today.

To get a deep understanding of cryptocurrency, you should pursue an MBA in FinTech. There are many institutes available to provide online courses on different facets of cryptocurrency. Imarticus Learning is among those schools, and you can find out more about its course offerings by visiting the website now.

Who can do a cryptocurrency course?

Many people want to get their hands on cryptocurrencies, and they don’t know where to start. There is an online course called “Cryptocurrency Investment Course” that teaches you how it all works. It’s the best place for beginners because it teaches you about Bitcoin and Ethereum, Litecoin, Ripple (XRP), NEO (NEO) as well!

Can I do Cryptocurrency Course after Graduation?

Yes, you can!

Imarticus Learning got just the courses for all your crypto learning needs. Whether you’re a beginner or an expert trader with years of experience under your belt – we have something to offer everyone.

Cryptocurrency is an emerging field where knowledge can be a commodity. To keep up with this rapidly-changing industry, you need to stay on top of the latest trends and developments in cryptocurrency by taking courses like Cryptography Fundamentals or Bitcoin for Beginners online today!

Conclusion:

As the cryptocurrency market continues its volatile trend, more and more investors are looking for investment vehicles that offer stability. While many crypto hedge funds have been launched in recent years to address this issue, few remain standing today. In 2021, it is likely only a handful of these will still be around (though there may be some new ones).

If you want to make your career in cryptocurrency you can pursue our best online MBA courses in FinTech, and we hope you feel more prepared to decide on your education. If you are still undecided, please take advantage of our free consultation to start exploring what it is that will work best for you. Please Enquire Now.

Is Embedded Finance the Next Evolution in Fintech?

Posted on August 11, 2021March 22, 2024 by Imarticus Learning

What is Embedded Finance?

Over the decade banking services like lending, payments, remittance have shifted from being under the sole purview of banks to non-bank service providers. The various financial services have come to be embedded within the software and applications of the non-bank providers streamlining both customer and business enterprise experience. Embedded finance or embedded banking, as is popularly termed, is the future of Finance Technology (abbreviated Fintech).

It is essentially the merging of a non-financial service provider, for example, a telco or local SaaS business, with a financial service provider.

With embedded finance reshaping and creating new roles for technology companies in the financial world, a career in Fintech will prove to be highly rewarding in the coming years.

For this, it is imperative to know what is a Fintech professional and the best Fintech courses in India that one can opt for.

Role of Embedded Finance in the Industry

With the world increasingly adapting to the digital revolution, businesses, both local and international, are looking forward to expanding their horizons to provide banking services ranging from providing loans, cashless payments, credits, debit cards, and e-wallets. Earlier businesses had to create a Fintech arm within the company costing a fortune to oversee the financial operations.

However, with embedded finance infrastructure, this disadvantage has been overridden resulting in almost double the normal profit. And with the disappearance of third-party banks, the process becomes smoother for the consumer. It lures the customer with its easy transaction process thus monetizing him/her and expanding the business.

Apart from integrated payments, the other high point of embedded finance is the ease of accessing in-app credit programs and loans, enabling the customer to complete a purchase without leaving the app and converting it into an EMI at the checkout point as is seen with Amazon.

Embedded card payment involves the creation of the company’s own cash card in exchange for a white label debit card. The cash card is linked to the user’s bank account giving him direct access to his user balance. This can be arranged by the company at a small interchange fee with the partner bank.

Embedded insurance is also being integrated into the buying experience of customers to seamlessly complete the procedure of insuring a car or home or other such purchases without the inclusion of a third-party insurance company. This is not only cost-effective but also saves a lot of time and pain on the part of customers as demonstrated by major automobile companies.

Embedded banking has taken a step forward in the evolution of the Fintech industry by taking investment into its territory. Investment has always been a tricky affair for the common man. With API-based brokerage firms leading the way for embedded investments, it is no longer a faraway dream. Platforms have integrated stock market investing by building microservices beginning with opening an account and ending with trading and market data.

The Way Forward

Fintech Infrastructure stands upon three pillars – digital platforms, financial institutions, and embedded finance infrastructure companies. To make each of these pillars functional data science, AI, cloud management, and blockchain development work together. To understand what is a Fintech professional’s role and how to make a career in Fintech, you can check out the professional Fintech certificate course.

It is best to start young if you are looking forward to making a career out of Fintech and especially embedded finance. One can choose from some of the best Fintech courses in India and opt for a subject of his/her choice. An undergraduate course in finance, economics, engineering, commerce, or management followed by post-graduation in the specific field can open avenues for youngsters and aid them in building a lucrative career in Fintech.

Fintech Disruption of The Banking Industry: Innovation vs Tradition?

Posted on August 6, 2021March 21, 2024 by Imarticus Learning

Consumer choice was far more restricted just over a decade ago. And often, if you didn’t have cash in your wallet to pay, there would have been no way to get what you wanted.

Then e-commerce happened and the digital space exploded.

Suddenly you could order a variety of goods and services online. Not only prices became more competitive than they had ever been in the past, but communication with anyone anywhere was made possible through the internet. Now, when you want to make a purchase, it is easier than ever before since even credit cards are digital now.

Thanks to fintech innovation and the growing race of startups that are helping consumers get the best of financial options – and consume more and more of what they desire.

However, as the fintech boom emerged to disrupt the banking industry’s longstanding traditions, banks were slow to keep up with demand. Legacy back-office technology couldn’t handle customer demands and their internal cultures had to undergo a dramatic change at a time when this proved near impossible.

These key factors became the seed wave of the first wave of financial technologies during this time period.

How Has Fintech Disrupted Banking?

The new financial services providers were not constrained by the legacy infrastructures that larger banks owned, and this often gave them greater agility when trying to navigate changes in regulations or compliance requirements.

In the past decade, fintech companies have sought to solve problems traditional banks cannot. Or at least they say they will do what these banks do, but better. The expansion of these start-ups into the financial industry has been driven by heavy investment in technology and business savvy rather than relying on banking or finance experience.

Growing Demand for Skilled Fintech Professionals

One of the most noteworthy qualities of Fintech is its global impact – going beyond India and pervading China and Europe. Amidst all these benefits, there has been one key change that has had a significant impact- the rising demand for innovation in this prolific industry; and the talent that will drive it.

This is why fintech professionals are in high demand. To cater to a growing behemoth, fintech courses online are enrolling students and preparing them.

Fintech is growing at a rate of 64% globally, and in developing countries that growth stands at 87%. Funding from diverse stakeholders along with innovations by manufacturers has contributed to the rise of digitized payments.

These recent developments have spurred Fintechs and banks alike around the globe, which gives promising scope for remittance programs.

80% of banking activities happening in India’s top banks run on digital channels, which makes for an enormous opportunity for international remittance systems.

That means fintech professionals can effectively serve startups, banks, and other financial institutions since the digital paradigm is amalgamating all these industrial aspects.

Want to Make a Glorious Career in Fintech?

Imarticus is here to power up your career in the fintech industry with its MBA in fintech program.

Imarticus has collaborated with the prestigious JAIN Online to further enhance their robust MBA In FinTech program, thereby covering every paradigm of cutting-edge New Age FinTech solutions. The curriculum is designed to provide you with in-depth exposure to key elements of the FinTech domain.

This one-of-a-kind FinTech MBA program covers every critical aspect of FinTech via hands-on training with prominent technologies such as API, Blockchain, Cloud Computing, AI, Machine Learning, RPA, IoT, and Big Data.

Get started today!

Good luck 🙂

Why Do Banks and Fintech Startups Can’t Do Without Each Other?

Posted on August 2, 2021March 22, 2024 by Imarticus Learning

There is no doubt in the fact that the financial tech industry has changed quite a lot in the past few years. This industry is attracting plenty of investors and companies who are into it, as well as employers. There is also no doubt in such technological advancements leading to more profits for banks, startups, and other institutions which are related to finance and technology.

But what about those changes? They have helped numerous financial institutions get more customers and make better revenues by adopting best practices. But best practices aren’t enough to sustain growth; the best people are needed for that purpose and best practices.

So, how do we make sure that the best people join our company? The answer lies in learning the best fintech courses.

The Shift in Trend

Earlier integrations between banks and fintech startups have taken place on the backend, but new-age monetary ventures are also about the innovation of frontend companies which opens up collaboration opportunities. Experts are now emphasizing matters ranging from new-age financial innovations to challenges faced by startups.

These key industry professionals believe that the financial technology ecosystem is causing market expansion and altering tradition at banks.

Career Scope in Fintech

Several tech-savvy individuals, who are gaining expertise in the best fintech courses, have started working for banks as well. It has become possible through the emergence of digital giants and small startups that are helping banks align their business models with changing trends.

Fintech is the Future

Even if more details about prospects of best fintech opportunities in emerging companies won’t be available initially, there’s enough to go around for both these low-cost businesses and highly trusted brands. It is only a matter of time till someone figures out how best to make use of this phenomenon – may it be the person managing finances at your local bank or someone else signing up for the best fintech courses in India.

The best thing that’s about fintech companies is that they have no desire to target big banks because there’s enough work in helping those smaller businesses already on board consolidate their financial data into a single location so they could utilize it better without dealing with too much paperwork or excessive costs.

How to Get in One of the Best Fintech Courses in India?

If you wish to get into one of the best fintech courses in India, Imarticus Learning is here to help you with its glorious track record. You can learn more about the best Fintech startups and how they are going to change the financial future by visiting the website for this service or checking out some best fintech blog posts.

Imarticus has collaborated with the prestigious JAIN Online to further enhance their robust MBA In FinTech program, thereby covering every paradigm of cutting-edge New Age FinTech solutions. The curriculum is designed to provide you with in-depth exposure to key elements of the FinTech domain.

The immersive FinTech learning experience enables you to apply what you learn when dealing with real business scenarios and problems.

If you are looking to skyrocket your FinTech career prospects by transforming into a FinTech expert, your search ends here, and a spectacular FinTech learning journey begins.

Good luck!

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