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Tag: Blockchain

4 Trends That Will Rewire The Inner Workings Of The Fintech Industry

Posted on by Imarticus Learning

 

Fintech has become the umbrella term for technological infrastructure in the liquidation of fund assets in the capital markets, payment processing, modern digital payment lanes, and such applications of hardware and software. The last two decades especially have seen many fintech entrepreneurs innovate and fill the gap for effective, fast and cheap solutions in wealth and financial transaction processing.

Agile entrepreneurs now find they can create space for greater innovation based on blockchains which itself is one of the biggest trends in the financial and technological developments of the last decade discovered through the emergence of cryptocurrencies. Here are the top four trends that can create space for greater innovation directed at rewiring the Fintech industry’s innards. No particular order of importance is present in evaluating these trends which are all equal and depend on how each one is exploited for maximum gains.

1. Quantum computing

The binary code based of modern computers interprets as zeros and ones where the binary digit is reflective of a deactivated or activated binary state. Quantum computers use this as a basis which takes advantage of quantum-phenomena such as superposition and quantum entanglement to turn performance levels into super- or quantum computing thus transforming costs, performance and lower energy utilization costs.

Modern times and developments are using quantum computing to help with risk and performance modeling, processing and settlement of transactions, better security and faster data processing. IBM’s quantum computing tools are being used by Barclays and JP Morgan according to Cabling.

2. Artificial intelligence.

Robotics and AI are doing repeatable tasks better than the humans with technological advancements resulting in faster processing, better user experience and lower overall costs. AI and advanced quantum computing technologies have the potential to minimize the costs of advisors and vendors in the financial industry. Technology will develop and continue to optimize information access while reducing costs and providing better returns and more effective programs.

Pacific Wealth Solutions uses AI and quantitative computing to monitor and analyze investments in wealth management, insurance, etc with excellent ROIs and solid returns. AI also offers a very practical Regtech tool to manage risks in the portfolio while taking care of regulatory compliance. AI has tremendous scope for improvement in the fintech industry where recent developments like blockchains are being used in tandem for faster, more transparent, decentralized financial transactions at little or no fees.

3. Cryptocurrency, blockchains and decentralized financing.

DeFi-Decentralized financing was ushered in by the blockchains and cryptocurrency entry. The open protocols worked well for MakerDAO on an Ethereum platform, when selling the Dai decentralized loans and the Nexus Mutual insurance product as an alternative to slow traditional banking and dealing with financial institutions.

Consensys, Chargezoom, TomoChain, and Stably are exceptional performers who have been successful in using applications that are decentralized, zero-fee, blockchain-enabled and transparent alternatives to traditional finance technology. Stablecoins akin to cryptocurrency are not volatile and are smart answers to everything between the margin loans and smart custody. Even Facebook intends to introduce its own stablecoin that can be used for trading for goods on e-commerce platforms and brick-mortar establishments too.

4. Payments platforms:

Fintech trends prove that the platforms of payments processing are the buzzing trend of their foray into the financial sector. We have smartphone users preferring one-click payments on Google Pay, Apple Pay, and Samsung Pay. States The New York Times, Facebook is planning to come out with a coin. Integrate this with the e-commerce stores like Alibaba, Flipkart, and such and the Shop in Instagram feature and there can be no doubt that such platforms are here to stay. The banks are not taking things lying down and are looking to upgrade at the earliest to derail the foray of private players in the banking sector which has held control over this field for long.

Conclusion:

Whether you are an entrepreneur or a career seeker, Fintech is the answer to being technologically abreast of developments in an evolving and financially satisfactory career. If you want to exploit the advantages of open finance, quantum computing, AI tools, then the fintech industry is at disrupting. Do a Fintech Course and blockchain technology at the Imartcus Learning Institute to emerge career ready. Start your dream career today!

Is Mathematics Required To Implement Blockchain Solutions in Business?

Posted on by Imarticus Learning

Yes, the good mathematical ability will be required if you intend to implement blockchains in business. Especially when you are a data analyst, ML programmer or in the finance areas of the business. And, it isn’t just data that increases by the minute. With the phenomenal growth and use of data analytics and the technology for it, the demand for education and training is certainly also increasing every minute. So are the jobs and demand for trained professionals.
Data is today’s gold in businesses. Blockchains use the scrutiny of information to analyze data using various techniques and tools. The results that the data analysts derive from the data available are used by their employers or clients to make informed decisions. So also programmers, algorithm writers, architects and engineers in blockchain technology all use data, databases from various sources, and the principles of analytics which include mathematics, probability, SQL, and such concepts for making predictions and gaining insights from data. Thus, one will need mathematics to gain Blockchain certification and understand how the blockchain technology works.
The blockchain technology with its root in cryptocurrencies forerunner Bitcoin is one of the innovations that have transformed digital money transactions. And since money and business go together it has worked excellently for all industries associated and has become a part and parcel of every new innovative solution in industries like real estate, healthcare, sports, banking, logistics, insurance and you name it!
Let’s explore what you need to scale a blockchain solution. Doing your Blockchain certification is certainly a good idea and can help you make a career in this nascent field if you have a reputed and reliable training partner like Imarticus Learning.
The skills needed for blockchain experts:
To be successful as blockchain implementer you will need the following skills:
Excellent mathematical ability: Your comfort levels should include statistics, algebra, calculus, financial formulae and the techniques of data analysis.
Knowledge of financial concepts: Solving of logic, business problems and transactions on blockchains will need the ability to resolve common transaction problems like interest calculations, depreciation, compound interest, statistical concepts like mode, mean, median, averages, etc.
Presentation skills: To make your presentations understandable you will need a good working knowledge of Microsoft Excel, the use of graphs, charts, tables and more. This is important as not all people will understand your inferences without good presentation skills.
Programming languages: Most applications use Javascript (including Java, JavaScript ES6, JSON), Golang, R, Python and the C suite for blockchains and apps. You need proficiency in programming languages like C, C#, R, Java, Python, MATLAB, PHP, etc to manipulate and effectively use data. The more the languages you learn the better.
Data cleaning, manipulation, analysis, and management: Data scientists and analysts will score if they have the ability to handle languages like HIVE, SQL, NoSQL, HyperLedger Fabric and such languages. Queries and requests are important aspects of data manipulation and hence popular tools like Cognos, SAS, Microsoft Power BI, Oracle Visual Analyzer, Tableau, Simplicity, Serpent, Solidity, Go, Rust and more are best learned to handle blockchain implementation.
Great domain knowledge and interpersonal skills: A good implementer has to excel at interpersonal skills to be able to achieve blockchain scalability. It needs team efforts, good management skills, and the ability to be able to accept feedback as no standard procedures may be present in the emerging field of blockchains. Collaboration, Communication, and Contribution are the three C’s to success!
The top blockchain jobs:
According to Glassdoor statistics, the career choices available specifically in blockchains where the Blockchain certification counts are those of the

  • Developer
  • Architects
  • Blockchain Engineers
  • Certified educators
  • Consultants
  • Market Research
  • Sales Officers
  • Logistics Officers

Blockchain technology benefits:
Technologies like Quantum Computing, Virtual Reality, Neural Networks, data analytics, AI, Augmented Reality, driver-less vehicles, smartphones, cryptos and many more have digitized the modern world and have come to prominence over the last decade. Blockchains have immense benefits for the industries adopting its technology as they reduce costs, increase process efficiency, improve productivity and ease-of-operation.
Key Takeaways:
Blockchain certification is the way to go, to land a career in the evolving and emerging field of blockchain applications across all verticals. Many sectors like healthcare, real estate, education, insurance, and the traditional banking system have already benefitted from it. Blockchain technology is booming and it has the potential to disrupt any industry it is used in. The high demand for professionals with professional certifications makes blockchains an excellent career choice. The industry is in dire need of professional accountants, managers, analysts, developers, programmers and such to grow and realize its potential.
Start your Imarticus Blockchain course today! Also for more details, you can also search for – Imarticus Learning and can drop your query by filling up a simple form from the site or can contact us through the Live Chat Support system or can even visit one of our training centers based in – Mumbai, Thane, Pune, Chennai, Banglore, Delhi, Gurgaon, and Ahmedabad.

What Kind of Jobs Should Young Business People Look For Blockchain Startups?

Posted on by Imarticus Learning

Blockchain technology is the emerging darling of 2018 with hopeful industries incorporating it willingly. It has the potential to transform disruptively and every industry. However, the cryptocurrency markets shed almost 79 percent of their capital and the field is dogged by regulations and legal hurdles as of now.

The present fintech job market:

For terrible market and economic conditions, youngsters still love the fintech career in the blockchain field because of its potential and the emerging thrust for fintech industries. The crypto market from where it originated seemingly has had no impact on the hiring process and scope for the blockchain segment.

According to Glassdoor reports, the annual jump in recruitments for this field for August 17-18 was 300% and median salaries paid in India were above the national average salary by a considerable amount! Upwork states that for employers the most sought-after skill was blockchain technology.

Even venture capitalists in 2018 have boosted their investments 280% in blockchain industries. All these statistics are excellent for those who are interested in making their fintech career. Of course, finding the right stable job involves doing a course to develop your skills, researching jobs and the job market, training for interviews and much, much more. It is still worth it at the moment.

So, let us quickly look at what jobs are being the leaders for recruitments.

The required skills:

The trending tools, languages and technological suites required for a fintech career today are: 

  • C Suite languages like C and C#
  • Python suite languages
  • Java Suite languages including Java, JavaScript ES6, JSON, js and Javascript.
  • Simplicity, Serpent, Solidity, Go, Rust and such languages.
  • SQL and NoSQL
  • HyperLedger Fabric

Among the soft attributes required you must include

  • Innovation and creative thinking: These attributes are important in every evolving field where standard practices and technologies may not always be available. Remember to simplify attitudes and think afresh.
  • Intent, dedication, and passion: Understanding the intent of technology helps achieve the results for a better experience for clients who have a passion for new technologies. These attributes are a must with dollops of dedication thrown in.
  • The will to learn and humility: Emerging technologies and companies may be unstable. The will to learn helps build humility and the ability to take things in your stride in spite of hurdles.
  • Team spirit and communication skills: These attributes are non-negotiable for lean teams who are cross-functional and use Agile practices.

Basically, one must believe in the job and contribute to the company’s growth using the jumble-box of attributes and all skill sets mentioned above.

The top draws:

According to Glassdoor reports, youngsters will find the top US Fintech career jobs in Blockchain firms are:

1. Software Engineer: The payouts are in the range of 90,000-145,000 USD and in the US Blockstack, Chronicled and Axuall is recruiting.

2. Technology Architect: Companies like Bank of America, Amazon/AWS and the State of Colorado are hiring with payouts ranging from 100,000-160,000 USD

3. Product Manager: The salaries can run from 85,000-130,000 USD at companies like JP Morgan Chase, Cynet Corp, and Mediaocean.

4. Risk Analyst: These can get paid salaries from 85,000-105,000 USD and can find recruitments in Bank of America, Electric Power Research Institute, Veem, and such companies.

5. Analyst Relations Manager: The job fetches a median salary of 50,000-125,000 USD at companies like IBM, R3 or Accenture.

6. Front End Engineer: These can get paid between 70,000-125,000USD at companies like Binance, Gem, and Ford Motor Co.

7. Legal Counsel: These jobs pay 100,000-190,000 USD at recruiting companies like Consensys, Figure, and BitGo.

8. Business Analyst: The payouts here are 80,000-105,000 USD at hiring firms like NuArca, Bittrex, and IBM.

9. Cryptocurrency Community Manager: The job has a median payout of 35,000-95,000 USD at companies like Zeus Protocol, Dolare and Crowdcreate.

Parting notes:

In spite of a bad start, the blockchain industries are hiring and investing in the capital of human nature. Training in blockchain technology and certifications are popular with reputed institutes like Imarticus Learning.

Whether you love coding or are just looking for jobs in the next big sector try doing a Fintech course on Blockchain technology to launch your fintech career. Put your best foot forward with them for a successful career. All the best!

What Are Evolution of Fintech or Financial Technology?

Posted on by Imarticus Learning

 

Technology and Finance have gone together for time immemorial. Initially, it was about making and maintaining records of financial transactions and later the introduction of coins, paper currency and promissory notes in the early 19th century. In modern times and about a decade ago Fin and Tech have got amalgamated into the era of fintech.

The early internet age:

Did you know that Fintech Courses teach you that the past 5 years cable under the seas far exceeds the cable network over the last 150 years since data and volumes of traffic have increased immensely? The first under-sea trans-Atlantic telegraphic cable fondly called Victorian internet-connected North America to West Europe and was in use since 1867. Financial markets at New York could connect to London, Asian markets, Europe, etc with its expansion. Forex references to GBPUSD also call this the cable-pair as most transactions were between the USD and GBP.

The laying of cabling infrastructure helped globalization and financial interactions between the period from inception in 1867 to 1914. The outbreak of WWI, the 1929 stock market crash and the Great Depression led to the slowing of the markets for over 25 years. During WWII codes and code-breakers were developed by the Germans and Britishers respectively. Communications in those days were through codes and set the initial foundation stone for coding. Just look at the German encoder shown below! It was the ability to build the decoders that leaked the German communications that led to an inversion of fates and an early end to WWII.

The ATM and calculator era:

The second phase of fintech began in 1967 with the digitization of analog to digital systems. It was also the beginning of RegTEch and early use of Fintech in development. The first ATM machine placed in the UK in Barclay’s Bank was the introduction and initiation of fintech. With more machines being made available the way people transacted and their relations with technology and finance changes irreversibly. Soon we saw the introduction of computing power in the TT 2500 DataMath hand-held calculator from Texas Instruments. This slowly evolved into today’s smartphones.

The electronic age:

The period between1970-80 saw the introduction of banking SWIFT codes and payment systems both international and domestic in 1973. SWIFT-(Society For Worldwide Interbank Financial Telecommunications) with its HQ in Belgium covered over 15 major countries and 239 banks. Today it is a portal for financial communication with 11,000 institutions and is the global payment system portal for financial communications. Between the ’70s and ’80s emerged NASDAQ the stock exchange with almost no human interference. The launch of the internet in the late ’80s saw internet banking and brought smart mobile phones into the hands of the common man.

Stock markets and payment systems: 

1999 saw .coms start and soon end. The 2008 financial crash brought into the limelight the distrust of customers and the start of the blockchain technology and cryptocurrencies. It also saw Siri, Google, Amazon, etc enter the digital assistant and payments platforms to revolutionize the financial scenario. Alongside e-commerce platforms emerged like TenCents, Alibaba and many others who all cashed in on the immense benefits of being early fintech players who have nearly replaced the way we shop, transact and buy things.

The present scenario: 

With the advent of smartphones, data analytics and the startup revolution Fintech post the 2008 financial meltdown emerged with blockchain technology being touted as the next big technological breakthrough. Blockchains have the potential to transform and disrupt the industrial scenario with cryptos, eCommerce platforms and digital currencies taking over. P2P lending, crowd-funding, angel investors and a complete transparent digital financial world is where we definitely are headed to.

Conclusion:

The evolution of fintech has been gradual and over the last decade, fintech is set to transform and disrupt many an industry. This makes the demand for personnel high and scope for jobs huge. Payments are also good and it makes a wise choice as a career. The fintech industry needs a large number of qualified personnel and is set to grow rapidly with even governmental policies promoting its growth. Incubators, startup hubs and integration of technology into all streams of life is the new mantra.

Do your Fintech courses at Imarticus Learning to get the ideal launch with assured placements. For more details, you can also contact us through the Live Chat Support system or can even visit one of our training centers based in – Mumbai, Thane, Pune, Chennai, Hyderabad, Delhi, Banglore, Gurgaon, and Ahmedabad.

How is The Ethereum Blockchain Different From The Bitcoin Blockchain?

Posted on by Imarticus Learning

 

The Ethereum and Bitcoin blockchains are superficially the same, in that, both cryptocurrencies use blockchain technology and are the most popularly known cryptos of the 20th century. A bit of learning at any reputed institute for Fintech Training will be able to explain the differences in the blockchains. That’s what we will explore in the next few paragraphs.

The basics of blockchains:

Blockchains are today popular across verticals and industries like banking, agriculture, healthcare, e-commerce, education, mining, property recording, retail, entertainment, media, automobiles, logistics, transport and many more. Blockchain technology brings in the important four attributes of immutability, decentralization, transparency, and security. The benefits offered by Blockchain technology are

  • The data ledgers are cryptography protected and contain hashtag functions from the previous block. This information is verified to complete the cryptography transactional process.
  • The blockchain data structure is contained in the app-end and causes the data to be immutable, and impossible to delete or alter.
  • The peer network has all transactions on the blockchain over all the interconnected computers thus decentralizing the system.
  • User-authentication and verification, use blockchain technology sans third-party interference.
  • Ledger consensus and record-keeping are enhanced as all data of transactions are contained in the block and are duly verified for maximum trust by the peer network users.
  • The ledger is distributed over all Blockchain nodes in real-time.
  • Data is always retrievable and never lost.
  • Transparent transactions ensure the viewing parties are verified users and reduce transactional ambiguities.
  • Blockchain time-stamping ensures a recorded chronological order.
  • The source of the ledger can be tracked at every block of the chain.
  • Consensus between the parties ensures duplicity and fraud are removed.
  • Smart contracts enable presetting criteria and conditions for automatic recording of transactions.

How the blockchains differ:

2009 saw Satoshi Nakamoto invent the Bitcoin as a peer-to-peer cash system which works electronically and replaces the older inefficient banking system. The protocol or Bitcoin’s blockchain was a perfectly transparent financial transaction where data was stored in blocks and interlocked together by hashtags and cryptography.

Since each block carries the signature of hashtags of the previous block, the resultant blockchain is immutable, needs verification across all nodes and works only on authentication. All this, at literally zero fees! The record of transactions can be traced back to the source and all along the chain. The distributed and decentralized system is peer-to-peer, secure and sans any intermediary.

Use of Bitcoins became the way to avoid those bank fees and lengthy authorization processes when transacting. One could avail Fintech Training and use the Bitcoin instead of paper-money and send money across to remote places in completely secure transactions with the click of a mouse. Bitcoins don’t care who is transacting and how much. It could even be used by AI-enabled machines or robots! Bitcoin is uncensored digital money worth its weight in gold!

In contrast, Ethereum blockchains go beyond just being a peer-to-peer blockchain payment transacting platform. Ethereum’s blockchain can do more and uses its platform to create smart contracts and DApps which execute and store the logic coded for creating them. The fintech training partner the Ethereum platform can transfer and supports the digital currency and DApps. Ethereum can also execute the smart contract using the “if-this-then-that” coded logic and condition coded in its blockchain.

In its functioning, one can use the Ethereum crypto, digital wallets, the native programming language, smart contracts enabled by Solidify and more. Thus bank fees, escrows, and intermediary agencies can be totally avoided. Some of the examples are Airbnb, eBay, OYO, Upwork, and Uber. Hence Ethereum is programmable money!

Parting notes:

Bitcoin platform and the Ethereum Blockchain are not in competition and are designed for different purposes. It is rumored that Bitcoin will shortly be powered with the lightning network which when launched could bring in competition between the Bitcoin and Ethereum Blockchains and apps dependant on them. Till then both technologies work well for resolving modern complexities.

There are very many jobs on offer in the blockchain segment and these are well-paid too! It is a step in the right direction to make a career of Blockchains and fintech since they are growing and demand outstrips personnel supply. At Imarticus Learning the fintech training has an excellent course curriculum, assured placement, soft-skill and resume building module and an industrially well-accepted certification. Rush, since admissions are limited!

For more details, you can also contact us through the Live Chat Support system or can even visit one of our training centers based in – Mumbai, Thane, Pune, Chennai, Banglore, Hyderabad, Delhi, Gurgaon, and Ahmedabad.

Why Does Fintech Business Increasingly Prefer Python As a Primary Programming Language?

Posted on by Imarticus Learning

The last decade has been all about FinTech which has played a crucial role in many areas of financial transactions through smart use of technology. And Python definitely scores as the most popular language to use.

Here is why.
As taught in most fintech course financial services need the most-apt application to optimize costs, planning and the amalgamation of financial services. A HackerRank investigative report suggests that Python is the most popular language in use for FinTech firms in the US.

The report by e-Financial Careers ranks Python among the top 6 machine codes for the banking sector. Thus, doing a Fintech Course at a reputed institute like Imarticus can help you with certification and giving you the ideal launch into the technological world of fintech where well-paying jobs abound and demand for personnel is fast becoming a rage.

The fintech data science advantages of Python:

The fintech startups work with financial transactions that need records to be unchangeable, immutable and hard to tamper with. Decisions cost money and setbacks when they go wrong. The industry thus needs a ready-to-use programming language with ample libraries, components and high-performance maturity such as Python.

The Hacker Rank  2016 Study across the famous six of health care, media, and gaming, social media, security, fintech, and finance industries searched for the best popular programming knowledge.

Python, especially for fintech industries and as taught in Fintech courses, outstripped the rest by a huge margin in the performance testing on coding challenges. It also proved to be very popular in the financial sector.

The Python benefits:

Some outstanding features that set Python apart are

  • Simplicity and accuracy: Python has low bug-rates and error rates than the other programming languages.
  • Speed: Though not the fastest it scored in the time-to-market optimization tests.
  • Syntax: The collaborative syntax is straightforward in Python and is easy for interconnecting the C-suite, developer and technical-expert languages.
  • Libraries: The huge repository of free open-source libraries can be used for ready-made solutions in the financial and fintech sectors and are popular for training purposes in fintech courses. 

Use of python in industries:

Python is being widely used today in banking and is widespread among the hedge, investment and corporate finance bankers. This is because of Python scores in handling quantitative challenges in trade management, risk management, and pricing. It also makes use of its large number of libraries to handle issues related to analytics, compliance, data, and regulation.

Bootstrapped fintech startups may use various back-end programming languages. But from the point of view of time, efficiency and effort spent, Python outdoes the rest for fintech use. It is growing very quickly and has the potential to be supportive in almost any industry it is used in. No wonder Python is so popular, reliable and accurate!

Python can hence be effectively used in software for the following sectors and is great at multitasking especially as a back-end server.

  • Financial analysis
  • Insurance
  • Fintech
  • Banking
  • Stock markets
  • Data analytics
  • Cryptocurrency transactions.

Python Projects in Fintech:

Success and Python implementation are synonymous when blended with FinTech ideas.  Look at the P2P lending platform Zopa which uses a mix of Java, C#, and Python. Zopa helps the borrowers and creditors transact free of intermediaries. And Python has helped the algorithmic models of Zopa execute complex transactions on blockchain enabled platforms.

Even the payments system like Stripe, Braintree, Paypal, and other receiving and processing systems use Python-based applications for the authentication of users and transactions mainly due to its wide array of ready-to-use libraries.

Conclusion:

Many fintech startups use C, R, Java, etc. But, Python is ideal for the challenges of the fintech industry. It has scored over many languages in its popularity over Java, C, R, SQL and others in the HackerRank challenges over the top 6 industries. Python emerged the ideal language for programming in the financial and fintech sectors. Obviously one would do well to learn Python because the top 6 industrial sectors are recruiting.

The jobs in the top industries prefer expertise in Python and are high-paying and have well-defined scope for progress and grow your career. If you want to learn the latest applications of Python in the fintech sector just check out the Fintech Training at Imarticus. Hurry as opportunities may be limited!

For more details, in brief, you can also contact us through the Live Chat Support and can even visit one of our training centers based in – Mumbai, Thane, Pune, Chennai, Hyderabad, Bangalore, Delhi, Gurgaon.

How To Prepare For a Fintech Interview?

Posted on by Imarticus Learning

If you are wondering how to prepare for the FinTech job interview, don’t worry! Everyone is nervous when they have to attend interviews. Firstly, start with your revision and preparedness for the job.

One of the swiftest ways to be well-prepared, if you are a senior professional is to enroll for a Professional Fintech Certification or if you are just entering the world of management then enroll for MBA in Fintech

One of the swiftest ways to be well-prepared is to do a fintech course at Imarticus Learning. They include a curriculum that is well-designed and covers all topics needed while providing you additional training for soft skill development, resume writing, mock interviews, and assured placements. One can’t ask for more. Right?

Let’s peek into the broad areas required to conquer those butterflies in your stomach. Preparing answers under the following subheads will help give you a good start.

A. Questions on your background in technology.

Expect questions like 

  1. What technical experience do you have in the fintech industry?
    2. What is your favorite app and why?
    3. What are your negatives in the IT field?

These general questions are aimed at checking out your skillset, background, IT experience, and relevance of your experience to the scope of fintech in the recruiting organization. Your answers should be what is in your resume, straight forward, and highlight any specialization or work experience that is of value to the organization.

The weaknesses and knowledge gaps are meant to be justified and not lied about. Remember that when you claim to have the experience, they will definitely revert to it in subtle questions that follow.

B. What are your motivators and interests?

Here you can expect questions like

  1. What fintech technologies interest you and how would you apply them?
    2. How will you use the smartphone to improve your business?
    3. Explain how you can be the game-changer in our technology development and how it would improve our business.

The interviewer here is probing the financial knowledge and its linkages to your technical knowledge, experience, and interests. Link your answers to areas of interest to the recruiting company, your tech- passions and attempt to put a figure on the value added to sweeten the answer.

A good understanding of the technology used, business use of IT, and sound financial skills make you a desirable potential recruit. Be innovative and include some research for fresh ideas in the recruiting company’s areas of interest.

C. Your last job:

You will be probed with questions like: 

  1. What project were you recently working on?
    2.Which of your projects are you proud of and why?
    3. Tell us how you applied your knowledge to the project and what was your contribution to it?

This is not the time to wax eloquent about all your projects. This is your chance to show you can use your skills innovatively and bring fresh ideas to the table. The purpose of your work, its practical implementation value, your contributions, and how you enhanced project value is what they are looking for. Rather than technical jargon try to show you understand the purpose and end-user impacts.

D. Your fintech awareness:

It’s time for questions like:

  1. What’s do you think of the government’s policy on fintech?
    2. What would you do to improve our website or IT?
    3. How would you tackle the competition in the market for our product?

Recent developments and staying up to date is are what most employers desire of you. Stay abreast of the latest fintech developments, projects, and news. Don’t repeat facts and figures. Rather add value by giving your insights.

E. Your ability to solve problems innovatively:

The questions here are real tests and can be perplexing at times.

  1. Is 3,599 a prime number?
    2. What will you do if you were asked to overhaul our customer support division?
    3. What is your take on using Agile in our organization?

There will be some questions that may not actually seem relevant and are like brain-teasers. It is your approach and justification that matters. There may not even be the right answer to all questions asked. Don’t panic and think of a reasonable way to solve the question posed.

Conclusion:
A fintech career is literal jugglery of multiple domains within the scope of fintech like finance and technology, soft skills, intent, dedication, and a good personality. Especially for first-timers, the fintech interviews are stressful. Don’t worry about failure. But, do think of Plan-B in case that happens.

At Imarticus Learning, the methodology is to practically train you as a generalist on all the above tasks and includes resume-writing, personality development, and interview-training modules leading to assured placements.

Their Fintech courses are widely accepted in industry circles as a skill-endorsement and being job-ready. So, why wait? Enroll today.

Is Fintech Reeling Under New Challenges?

Posted on by Imarticus Learning

 

Just recently, the startup ecosystem in the fintech saw RBI regulate and intervene to establish a beta-testing sandbox for fintech products. This move was to provide a controlled safe environment for the release of products. And then, the Fintech sector came across a new challenge to overcome. The crisis of liquidity in the NBFC sector! Earlier in the year, ILFS the largest NBFC player on the market defaulted on its payments causing the cash-crunch for other NBFCs as investors grew wary and the capital markets declined lending to shadow NBFC lenders. The rating experts ICRA and CRISIL were quick to downgrade Home-Financer DHFL after the interest default to investors on its NCD issues. The liquidity-starved DHFL missed its deadline for payment of investor interest on NCDs.

The question now is about the impact and whether this is a blow to the fintech space? Entrepreneurs are divided over their opinions. Funding has not stopped according to the statistics. Tiger Global Management’s funding round saw them raise USD 30 million from Fintech-Startup-Open who offer banking services for businesses and SMEs. Razorpay specializing in payment solutions could raise USD 75 million with assistance from Sequoia India led a group of financiers. However, CEO and founder of Qbera.com, Aditya Kumar, said the liquidity crunch originating from ILFS has made investors risk averse and there is a capital shortage from banks and partnering financial institutions. His company just got funded USD 3 million from lenders E-city Ventures last year.

Citing data results from Medici insights oriented fintech platform and Zone Startups, between 2015 when fintech took off to 2018 a whopping 1,300 ventures cropped up in the fintech space. The P2P lending base uses funding loans of retailer investors and trust is key. But, it would be wrong to disqualify the fintech space on the count of the fund crisis in the NBFC segment. Fintech has an immense and broader scope than any other nascent industry. According to CEO and founder of LenDenClub, Bhavin Patel KYC is a challenge for the payment companies in the wallet segment and the liquidity of online lenders has definitely been impacted. Last year the LenDenClub got equity investments totaling to 3.5 crores in Rs.

CEO and founder of  CoinTribe, Amit Sachdev, felt the fintech industry should be classified as focused around SMEs and focused on the retail segment. The retail players are floundering to raise debt capital and equity as they have high costs in acquiring customers, the retail loans offer low yields and the product economics is not favorable to such financial measures. On the other hand, the SMEs dependent players do have debt lines and equity capital available to them. CoinTribe received a response of USD 10 million in funding from Sanre Partners and are focused on distribution and B2B partnerships with a SMEs focus.

Though the investors in the retail segment have adopted a circumspect cautious outlook, the P2P players in lending depend on the trust factor since their funding base is reliant on investors in the retail markets, according to RupeeCircle’s Co-founder Abhishek Gandhi. RupeeCircle was funded by Mahindra Finance to the tune of  4 crore Rs last year. Systematic communication ensures investor trust. From the start, their focus was both on recovery and lending and this has helped keep their rates of loss low and ensure investors do not distance themselves from them.

Overall, the Fintech segment is seeing steady growth. The fintech segment has over 175 deals, seen a cumulative sum of USD 1.5 in billions being invested in it last year according to data from Tracxn. This means strong players with the right growth figures and a profitable potential have succeeded in raising funds in spite of the poor market conditions and the resultant financial crisis.

Entrepreneurs are now more interested in scaling efficiently and significantly as lending partners are placing their bets on the SME focused lending segment, says Sachdev.

In FY 2019 CoinTribe saw 3x growth and are confident of these levels in the current year. They are betting on a 3-lever strategic approach of new product launches driven by SME business linkages and B2B partnerships to attain significant geographic expansion. Kumar from Qbera.com said they had an impressive 300 percent every-year rate of growth enabling their book-value to grow to beyond the 130 Crore Rs mark.

A framework that is robust, the use of AI technologies and a loan process that is seamless has helped them stay abreast of the market conditions. LenDenClub’s Patel was quick to point out that being a foundling finding new markets, they are still able to hit the 40 to 50 percent quarterly rate of growth mark.

Conclusions:

The Fintech courses offer immense job scope and opportunities. One can opt for training in this sector or in financial analysis from the reputed Imarticus Learning Academy to be a part of the revolution. For more details in brief and further career counseling, you can also search for – Imarticus Learning and can drop your query by filling up a simple form on the site or can contact us through the Live Chat Support system or can even visit one of our training centers based in – Mumbai, Thane, Pune, Chennai, Banglore, Hyderabad, Delhi, Gurgaon, and Ahmedabad.

How The Fintech Hub Plans to Drive India’s Need for Financial Innovation

Posted on by Imarticus Learning

A fintech hub complete with accelerator, incubator, and platform for investors is set to open shortly in Mumbai to help young startups and fintech app innovations. The fintech revolution in India is young and already disrupting the space. The governments have been touting this revolution as the next big wave which will put India ahead economically and make it a strength to reckon with.
The Digital India movement, which began just three years ago in 2016, saw a majority switch to the ease of the Unified Payments platform or UPI-payments. QR scanning and app-based banking solutions are currently the norms. The financial, governmental curbs to end black-money, demonetization, the introduction of cheap 4G services by Jio, the mushrooming of Fintech courses, the simplified GST norms, and the government setting aside budgeted funds to develop this sector have been a boost to the commercial space.
fintech certification
Today there exist about 2700 startups and a 72% adoption rate of solutions for payments, with many fintech startups being incubated at Bangalore, the Vizag Valley for Fintech, Star Tank by Paypal and the T-hub of YES bank according to the Inc42’s 2018 report. India is today the startup leader with Mumbai and Delhi being the financial centers and Bangalore the technological mainstay.
When compared to the USA, China, and several other countries, India is not recognized for Fintech. This indicates that the marketing & innovation processes and incubation levels or quality of products need to be tweaked, a national level policy enacted, an excellent fintech training course and nation-wide support strategy needs to be put in place to collaborate on such ecosystems, measures and ideas for the fintech segment.
The measures put in place:
According to Inc42’s Suniti Nanda, who is also the Govt of Maharashtra’s CFO, the focus is pan-India and not restricted to the Mumbai hub alone. Some of the year-long boxed initiatives are –

  • Setting up a base for the fintech segment, including a nation-wide live fintech registry. Able mentors, profiles, best practices used and a collaborative environment to promote the fintech initiative.
  • Setting up of accelerators and incubators like corporate accelerators and in multi-partner collaborations like with NPCI, PayU, Fino Payments Bank, Zone Startups, Kotak, ICICI and Barclay Banks partnered accelerators.
  • The proposed platform for investors will see buy-side investors and sell-side startups.
  • On-boarding of global investors will be showcased at road-shows where small players can interact, tie-up and collaborate in a safe and moderated environment.
  • A 3-year scheme of grants has been proposed for fund-creation for such startups and the fintech industry, where the fund will have industrial mentoring, banking support, private entities involvement, a better relational base, and such funds created will be jointly and agilely self-managed.
  • As rents are high and a pain-point for startups, the government has proposed a policy of rental reimbursements to the tune of 4 lakh rupees for three years, and this has benefitted about 50 such firms already.
  • Fintech education, polishing innovative ideas and talent, and developing excellent coding skills are being focused upon as the verticals of thrust and promotion in a bid to suit the demand for personnel.
  • Innovative Fintech courses are the need of the hour and premier institutes, reputed colleges and the industry have come together to create a modern syllabus, intern opportunities, and validated fintech certifications. Amazon, ICICI, Kotak, NASSCOM and many such leading institutions are helping make this a reality.

Concluding notes:
Fintech without an enabling environment needs proactive support across all states in India as the drive to the top is impossible when in isolation. Mumbai has emerged the leader by enabling its governmental policy for fintech industries and also ensuring that the best startups stay involved in the development of the sector.
It is vital that all states and people concerned are communicative, collaborative and contributive if we want to see fintech be the big-bang of tomorrow. India has the talent, resources, workforce, and a host of other advantages. What does appear to be missing is the collective intent to succeed and help others?
If the fintech revolution is where you wish to make your career, then doing a fintech training course becomes essential. Imarticus Learning can help you succeed by providing you practical skill-oriented training with strong mentorship, a measurable and well-accepted certification, assured placements and even a persona developing module. Why wait?

The Advantages of Taking Up Fintech Courses

Posted on by Imarticus Learning

Financial technology is not completely new. The industry has been around for enough time to witness its ups and downs. Everyone can see how technology is changing finance. But still, there are a lot of gaps in information. Still, there are hundreds of people who ask Why Fintech? Even today. There seem to be thousands of blogs and posts on the internet, but they confuse people even more. Too much information is often like no information.
In such a case, if you belong to the interested but confused group of people, then your only savior is FinTech courses. Financial technology has only one way to go, and that is up, as believed by the experts. The industry will grow even more strong, and it will be advantageous to have certification for FinTech courses on your side.

Here are a few advantages of learning FinTech courses:

  1. Financial Technology

One of the biggest reasons why FinTech learning is essential right now is technology. The finance industry is no longer in the initial stage. The industry has adopted technology and is changing really fast. The pace at which banks are going digital is alarming. So if you don’t adopt financial technology or keep believing in traditional transactions, then you will be obsolete in a year or two. Being in the finance field, you cannot afford that. You have to get trained in the latest market situation and nothing better than FinTech courses to do that.

  • For the masses

Financial technology has brought each and every aspect of finance to the everyday man. There are no middlemen or economic bifurcations anymore. From investment advice to the rate of interest, every data and risk assessment reaches the layman by just one click. Intermediaries have gone down and so have the rates of interest. Now personal and business capital is available to anyone who needs it. Everything is computer-based, and that is why FinTech is essential. If you go for FinTech courses at the right time, you can make sense of it all for your clientele at the right time.

  • Competitive advantage

Entering any industry without proper knowledge can be dangerous. Being able to understand what’s going around you and using the proper jargon can be advantageous all the time. When a client asks you why Fintech, you will know the answer. Understanding financial technology better will help you outsmart the competition. FinTech courses are needed to do your job properly in these times of fast-paced technological changes.

  • Become a pro

Being in the field of finance, you know that mastering any discipline of finance takes time and efforts. Financial technology is no different. It takes the effort to become a Fintech pro. Online courses and free materials are all good, but they are more like shortcuts. If you want to become successful, then a detailed knowledge of the industry is necessary, and that can be learned through proper certification FinTech courses only. There is something for everyone – from beginners to professionals. Your success in the finance industry is why Fintech learning is essential for you.
Conclusion
We live in an age where there is no shortage of resources. There are a plethora of FinTech courses online and offline. According to your requirement, you need to make a choice. Whether you are a traditional financer, a beginner, own a start-up or have your own established business in the financial technology industry, you have to be updated about Fintech. These advantages listed about should tell you why Fintech is essential for your career. In fact, now you should be asking why not Fintech?