Career in Financial Services - Finance, Tech & Analytics Career Resources

Impact of Cloud Computing in FinTech

Posted on July 5, 2023April 4, 2024 by Imarticus Learning

Cloud computing has taken over most of the digital realm and propelled several industries’ growth, including the Fintech market. With the ever-evolving technological innovations in the financial sector, cloud computing has revamped fintech in unimaginable ways. From enhanced storage solutions to state-of-the-art security systems, fintech solutions have become more accessible and robust thanks to cloud services.

The impact of cloud computing on FinTech is transformative, enabling increased efficiency, scalability, accessibility, and innovation. Therefore, it becomes crucial for finance professionals and aspirants to fully understand cloud computing services and harness their benefits to create an efficient financial market.

What is Cloud Computing?

Cloud computing is accessing and utilising computing resources, such as storage, processing power, and software applications, over the internet. Through a network of servers maintained on the internet, cloud computing enables users to access and utilise these resources remotely rather than depending on local servers or personal PCs.

Cloud computing services are sectioned into three categories: Infrastructure as a Service (IaaS), Platform as a Service (PaaS), and Software as a Service (SaaS). The user does not have to worry about maintaining these resources and can reap its benefits, while the Cloud Service Provider (CSP) overlooks the system’s internal workings.

Impact of Cloud Computing on FinTech

The impact of cloud computing in fintech can be summarised in the following points:-

Scalable infrastructure

Cloud computing has enabled Fintech companies to build a scalable, cost-effective infrastructure to manage growing consumer demands easily. By leveraging cloud-based services, the fintech market is optimising its operations and significantly reducing costs as it continues to do away with conventional storage setups and moves into digitisation.

Enhanced security

Cloud services invest heavily in two aspects- storage and security. They implement robust technologies to ensure that sensitive financial information remains protected. As cloud services are accessible publicly, they also take special measures to ensure that one user’s data and information are not exposed to others unless by specific access.

Enhanced accessibility and collaboration

Cloud-based solutions enable FinTech professionals to access data and applications from anywhere, facilitating remote work and collaboration. This accessibility promotes real-time data sharing, seamless integration across platforms, and enhanced collaboration among team members, increasing productivity and efficiency.

Accelerated innovation and time-to-market

Cloud computing services also provide reliable testing and deployment solutions, due to which the fintech sector speeds up its development processes. It provides for faster materialising of ideas, automated debugging solutions, and instant prototype development, furthering innovative fintech solutions in the market.

Advanced analytics and data insights

Cloud computing enables FinTech companies to leverage powerful analytics tools and technologies. By storing and processing vast amounts of financial data in the cloud, firms can gain valuable insights, identify patterns, and make data-driven decisions to improve risk assessment, fraud detection, customer segmentation, and personalised financial services.

Use Cases of Cloud Computing in Fintech

Some use cases of cloud computing in fintech are:-

Agile development and deployment

Fintech companies can capitalise on cloud computing to rapidly develop and deploy cutting-edge financial solutions. They can swiftly create prototypes, conduct testing, and launch new products and features by harnessing cloud resources and services. This expedites time-to-market, fosters a culture of continuous innovation, and nurtures an agile development environment.

Real-time risk management

Cloud-based analytics platforms empower fintech firms to extract valuable insights from real-time financial data. Leveraging these platforms, they can perform intricate data analysis, detect patterns, and make data-driven decisions for effective risk management. This includes proactive fraud detection, precise customer segmentation, and personalised financial services, enhancing overall risk assessment capabilities.

Open banking and API integration

Cloud-based APIs serve as a fundamental facilitator for seamless integration between fintech platforms and external systems, enabling open banking initiatives. By leveraging the power of cloud infrastructure, fintech companies can securely expose their services and data, fostering collaborations, enabling third-party integrations, and creating innovative financial ecosystems that provide enhanced services and convenience to customers.

Conclusion

Cloud computing has successfully made a huge positive impact in the fintech sector with its effective solutions and enhanced technological innovations. As both cloud computing and fintech are ever-evolving markets, their integration is expected to simplify financial services further while simultaneously focusing on eliminating security threats and technical challenges.

How ChatGPT Will Impact Corporate Finance in the Near Future

Posted on June 5, 2023April 3, 2024 by Imarticus Learning

Artificial Intelligence (AI) has recently made headlines for introducing humankind to the trendiest technological tool of recent times. Ever since its launch in November 2022, ChatGPT has been the talk of the town. From writing essays for students to hiring human beings to pass the captcha test, ChatGPT can do it all. ChatGPT has emerged as a game-changer as the corporate finance industry embraces AI’s power.

Pursuing a career in financial services in the era of artificial intelligence, thus, would only be complete with mastering ChatGPT. As this generative AI tool advances, let’s look at its impact on the corporate finance sector in the coming days.

What is ChatGPT?

ChatGPT was introduced by the co-founders of OpenAI, including Wojciech Zaremba, Elon Musk, Greg Brockman, Sam Altman, and Ilya Sutskever, in 2018.

Made using the third NLP model, this pre-trained language model uses GPT-3 architecture to provide suitable responses to queries from the colossal online database. It can do extensive language generation tasks, including language translation, answering questions, writing codes, and short and long forms of writing – all with near human efficiency and precision. However, researchers are still exploring the extent of ChatGPT’s capabilities to employ it more successfully across all industries.

How can businesses be benefitted from ChatGPT?

The ability to produce in-depth answers by understanding the intent of the queries sets ChatGPT apart from all the other chatbots. ChatGPT is trained in language using both human and machine learning models to perform better. Hence, it continues to learn from the users to upgrade its performance. This power of AI opens up a whole new horizon in business, specifically in the corporate finance world.

Below are a few ways in which ChatGPT can help the business grow.

Consulting

Imagine having a tool at your service that uses trillions of data points to operate, deduce and produce results. Not making use of that tool is adding up loss at your end. Major names in the consulting field are already using this AI bot to finalise deals to build the most technologically inspired offerings.

Streamlining operations

In this digital age of living, most businesses are turning towards technology that can help streamline their procedures, operations and the data involved. Automation is an excellent replacement for tedious manual labour to help optimise the workflow. For jobs like data entry, appointment scheduling, and customer support, ChatGPT can prove to be highly beneficial. It can produce error-free results, improve data accuracy, increase effectiveness and save costs. Also, the around-the-clock customer support service helps build a stronger and more loyal customer base.

Talent evaluation

Because it runs on the massive pool of data already available on the internet, ChatGPT is highly capable of enhancing the learning process. One can create personalised cover letters and resumes to help them crack their desired job interview. In that case, employers must reevaluate their hiring process and judge eligible candidates based on their emotional intelligence, demeanour, work ethic and interpersonal communication skills, which are yet to be replicated by AI.

Marketing

The financial industry demands a strategy-driven approach to market products and services. With ChatGPT’s ability to analyse mountains of data and streamline the information, it is easier and quicker to derive a strategy for marketing. Using ChatGPT to acquire insights into customer behaviour and potential customer preferences, one could devise campaign ideas with much more effectiveness saving a tonne of time and cost.

Workplace communications

ChatGPT can help with inter-organisational communications. It can transform employee communication and take it to a whole new level, making them sound more knowledgeable than they actually are. Employees nowadays detest attending meetings, preferring to receive communication via email or WhatsApp texts. ChatGPT can solve their issue as well.

What businesses can be benefitted from ChatGPT?

ChatGPT can help businesses be more organised and can be utilised to derive optimum productivity. The following types of businesses can benefit from using ChatGPT:

E-commerce and Retail
Banking and Finance
Transports and Logistics
Telecommunications
Healthcare and Education
Tourism and Hospitality
Marketing and Advertising

Conclusion:

Irrespective of the ongoing debate about whether AI is a smarter and more efficient replacement for humans in the workforce in the future, it is undeniable that AI-generative technology can impact businesses with tremendous potential for growth.

With its ability to perform routine tasks with unmatched precision, provide real-time data analysis, support multiple languages and improve data accuracy – ChatGPT could emerge as revolutionary for corporate finance.

Imarticus Learning’s Advanced Management Program in Financial Services and Capital Markets, offered in collaboration with IIM Lucknow, is among the best in the field. This course will provide a comprehensive understanding of investment banking, capital markets and risk and fintech domains. The 11-month long intensive program is designed to offer you the best-in-class education for high-performing middle management professionals. This programme will also help them bring momentum to their career in financial services.

How is Fintech spilling Opportunities for the Agricultural Sector?

Posted on October 28, 2021 by Imarticus Learning

The fintech sector is a rising industry that has come to define the contemporary era. The term “fintech” refers to financial technologies and encompasses digital innovations in payments, lending, insurance, and investment management. One of the primary reasons for this growth is that these companies offer better solutions than traditional financial institutions.

The Scope of the Fintech Industry?

The Fintech sector is a fast-growing industry that has been evolving rapidly since the word was first coined in 1999.

The Fintech sector is revolutionizing the way we do business. It will be difficult for banks to compete with this new wave of technology that has come about in recent years.
There are many opportunities in the agricultural industry, but it’s essential to know where you stand on your current level of technological development before taking any steps forward.
India’s fintech market is the world’s fastest-growing- 67 percent of the more than 2,100 fintech entities in operation have been set up in the last five years. India’s fintech market is valued at US$31 billion, which is projected to grow to US$84 billion by 2025.
The fintech transaction value size is projected to grow to US$138 billion by 2023 from US$66 billion in 2019.
According to a Boston Consulting Group report, Indian fintech companies will reach a valuation of US$150-160 billion by 2025, becoming thrice more valuable in the next five years.

Evolution of Fintech: Opportunities for Agricultural Sector

Fintech is now looking at opportunities to serve agricultural sectors and farms across India, which can potentially transform rural life by providing access to affordable credit and insurance products- two things that we take for granted but are often inaccessible without significant wealth or connections. Here is how Fintech is assisting Agricultural Sector:

Easy Loans for Farmers: The agricultural sector needs to borrow money frequently. With Fintech, there are no middlemen, the efforts of the fintech sector to make direct loans are consistent.
Direct Connections: Farmers have better opportunities to establish direct connections with lenders & other institutions for better operations. This change can potentially stabilize the sector.
Ongoing Payment Model: Instead of paying large payments for equipment & tools, farmers can now use various ongoing payment programs. People can better organize finances more efficiently by paying for what is used, skipping problems arising from conventional payment models.
Affordable Financial Services: Financial services are becoming more accessible to farmers. Some companies are focusing on this aspect to bring a greater variety of financial tools & utilities.
Better Insurance: The availability of crop insurance plans for farmers is shaping the sector in a better manner.

Grow your Career with Imarticus Learning:

Imarticus Learning has collaborated with prestigious universities to enhance robust Fintech Training courses. Enroll in MBA FinTech, which covers every paradigm of cutting-edge New Age FinTech solutions. The curriculum is designed to provide students with in-depth exposure to critical elements of the FinTech domain.

This 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. This program enables students to apply what they learn while dealing with real business scenarios & problems.

Some Course USP’s:

UGC Entitled Online Degree Programs
NAAC ‘A’ Graded University with Graded Autonomy Status
Top Ranked University in India – NIRF & QS World Rankings
Program Delivery follows the prescribed four quadrants approach from UGC
Learning Hours and Credits at par with Full-Time Classroom Programs
Innovative Programs Accredited by Global Professional Bodies

If you want to skyrocket your FinTech career prospects by transforming into a FinTech expert, your search ends here, and a spectacular FinTech learning journey begins. Contact us through the Live Chat Support system.

Skill up to Scale up- India in The Next Decade | Imarticus Learning | CEO Talks!

Posted on September 7, 2020March 26, 2024 by Imarticus Learning

There has been an unheard of upward push in the wide variety of lay-offs, furloughs and agencies shutting down over the previous few months. Process uncertainty, a sour pill to swallow, has affected lakhs throughout the board, no matter in which they stand at the company ladder. Inside the wake of this phenomenon, working specialists have become to on line guides to upskill themselves and stay beforehand of the curve.

So have recent and sparkling graduates, who discover themselves facing an upturned task marketplace with all doorways efficaciously barred for all however the great of the lot. Analyses have discovered that the fields of synthetic intelligence, statistics technological know-how and machine getting to know were maximum sought out in terms of on line guides of varying lengths.

If you’re seeking to get educated on-line in the equal fields, you’re inside the right area. If you’re still at the fence about on-line publications in popular, here is a complete list of advantages that you may expect to gain:

Flexibility in the time and region of studying

You get extra flexibility in analyzing on-line. You may look at more effortlessly round your existing work agenda (and your pastimes). This advantage is a lot better felt when you’re taking a category that lets in you to study and do assignments at your very own tempo.

You can additionally pick out your selected paintings environment as well as use your personal technology to grant your gaining knowledge of as you spot in shape. The most effective stipulations to on-line gaining knowledge of are a strong internet connection and pc, pc or telephone that you could attend your guides on lower costs.

For fresh graduates and new professionals, it could be tough to justify dropping thousands on yet another university course or diploma. However, selecting online guides reduces costs with the aid of a massive level. You might need to pay fixed fees– which include lessons charges and e book purchases– however you’ll discover that the fees of tour, transport and further daily prices lessen substantially.

Our modern-day #CEOseries functions attractive commercial enterprise conversations with prominent industry leaders as we delve into professional insights from a number of the maximum reputable names within the corporate world.

This is specifically beneficial if you’ve were given your eye on a direction from an international university however haven’t been capable of justify the costs of accommodation, stay and visas. A much wider variety of guides.

The remarkable adjustments throughout economies, the paradigm shift in the way companies are run nowadays – aided via technological improvements, and the much pointed out ‘new global order’, has pressured the company world to recalibrate their near & mid-term desires. The optimism that maintains to buoy the corporate world stems from its ability to be resilient after every disaster.

Opting for on line courses offers you a greater complete variety of topics and industries to pick from. Additionally, on line learning has made courses from international universities and establishments to be had to those in surely any country. By means of making schooling globally available, online learning drastically raises the scope of curriculums in addition to the requirements of teaching.

An overarching advantage of this extensive range is likewise that graduates and professionals are capable to connect with industry specialists in other nations, particularly if the united states of America they’re from does now not currently have the resources or the call for for such niche courses. Constructing specializations.

Conventional schooling structures often work to educate the basics of a website or subject matter; but, not many provide specializations which are both beneficial and affordable. This gap is one which on line gaining knowledge of can fill. Experts and graduates can fill gaps of their talent set or pursue an education in a spot subject matter through on-line publications.

Mr. Srinivasan’s storied professional legacy has achieved global recognition and admiration. With a career in financial services that spans more than 30 years, his accomplishments have propelled him to become a ‘CEO of CEOs’.

Prior to joining Aditya Birla Capital, Mr. Srinivasan served as the CEO of Fund Management at Prudential Corporation Asia, where he was responsible for the company’s astonishing growth in the Asian market. His expert guidance resulted in Prudential accumulating nearly $70 billion in funds during his time there.

Listen Mr. Srinivasan, credited with a success turnaround of Aditya Birla capital, and recognized for his ingenious business acumen, hard paintings, hazard and willpower, share his thoughts on how company India will emerge stronger, the growth drivers of the Indian economy, the upward thrust of fintech, the super improvements in digital financial system, and skilled human capital.

This is specifically beneficial for professionals who have sound core abilities and are ready for a higher degree of analyses or studies. This is also beneficial for all of us who wasn’t able to pursue a subject out of natural passion; it lets in interests and personal pursuits to be catered to without the chance of jeopardizing your present career. End

Whether or not it’s working specialists trying to invest their time in bettering their skillset, sparkling graduates hoping to feature a little more to their resume or individuals ultimately getting around to learning what they’re enthusiastic about, an increasing number of people are turning to online learning to upskill and complement their current understanding.

Tag: Career in Financial Services