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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.

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!

The Key Role of Fintech in Developing Smart Cities

Posted on July 30, 2021December 9, 2022 by Imarticus Learning

What is a smart city?

Unlike the old times when smart cities of the world could be counted on fingers, today every country has several smart cities which operate with modern technology to provide an easy and quality lifestyle to the inhabitants. The concept of a smart city focuses on the usage of available technology and modern equipment in day-to-day functioning so that people can make use of it residing in their cities.

Amenities like transport, banking, public convenience, education, health, and housing are infused with modern and technological advancements to promote an ideal lifestyle.

Role of fintech in smart cities

Apart from different factors that contribute to the development of a smart city, finance acts as the backbone. All the decisions and functioning are based on finance. Having a modern and web-based financial system can bring about favorable changes in a city making it a perfect place to live.

Modern banking system

When it comes to a smart city, the banking structure and functioning must be strong enough to suffice the needs of all the residents efficiently. Fintech has facilitated the banking structure by providing personalized banking services to customers. These services are tailor-made and can be altered at any time. Along with that, online banking facilities and ATMs are widely run by various fintech corporations in collaboration with the banks.

Smart Market

Fintech creates a marketplace for smart buyers who use a digital model for transacting. In various shopping complexes and stores, fintech corporations use disparate applications and portals for payment methods. Generally, smart cities have more modern stores as compared to small cities or towns. This is because of the wider usage of fintech.

Public payments

Governments operating in smart cities try to facilitate the residents through e-payment methods for paying for electricity bills, taxes, rents, and different fees. Governments collaborate with fintech corporations to provide these mechanisms so that the public can use resources effectively and safely. This way fintech operates in the background fulfilling our daily needs.

Deliveries and rental taxi services

It is quite evident that all the metropolitan and smart cities operate with great dependence on spot deliveries and taxi services. These companies also make use of fintech organizations as intermediaries for the payments to be made safely.

Today, more than 80% of deliveries of food items or general items are made through online payments and the same is the case with taxi services which make use of various applications and portals for the payments to be made. This digitalization of transactions has only been possible through fintech.

Future of Fintech

Considering the present status of fintech, it can be easily predicted that in the coming couple of years fintech will dominate the whole world, making it a modern hub.

Aspirants working in this field can check out Imarticus learning for amazing fintech training and professional assistance in placement afterward for a stable fintech career. Considering the significance of fintech corporations in almost all industries, working in this field is pretty rewarding and professional.

How Has Fintech Transformed Finance?

Posted on July 28, 2021March 22, 2024 by Imarticus Learning

What is Fintech?

In today’s world of modern advancements, technology has paved its way to reach out to the most fundamental aspect of any industry that is finance. The clubbing of technology with finance aims to modify the traditional ways of providing financial services. This idea has recently come to the forefront which has challenged the classic methods of financial services across the globe.

Fintech has brought about some notable changes in fields like investment, banking, trading, and insurance as of now. It has transformed the very essence of traditional ways of doing these things.

Impact of fintech on finance

So far, fintech has been able to grip some of the major areas of financial services which have turned out to be in the favor of the users. Some of the impacts of fintech on finance are discussed in the following points.

Banking

Unlike the traditional banking methods, where people used to visit the banks even to check their account balance, fintech has facilitated the users by providing almost all the banking facilities online.

Apart from the existing banks, fintech training has made available ample other banking solutions for the users which work more efficiently and provide better services as compared to the classic banking structure.

Investment

It is only just a few years ago, that investment was considered a choice fit for the rich class only. With everything at your fingertips, from small to huge investment options available through fintech, anyone can invest online according to their budget. Nowadays, investment in e-commerce has turned out to be a popular option for many investors.

Small Entrepreneurs

Fintech has proven to be the most beneficial sector for the betterment of small entrepreneurs who were struggling hard to make their place in the market. From securing loans to managing the payments, everything has been eased through fintech. The development of various secured payment portals like PayPal has brought down the transaction costs for both the buyer and seller.

Currency

With the advent of technology, the usage of digital currency has surpassed the usage of currency notes. Considering the current trends, it can be anticipated that soon the concept of physical currency may become outdated and digital currency will be the only mode of payment.

In present times of global pandemic, many companies and organizations have stopped transacting in physical currency. This twin motive of containing the virus spread along with the emphasis on the digital currency has been working out pretty well.

Overview

Considering the current status of fintech, it can be apprehended that this amalgamation is truly functioning in the best interest of the users. With financial services being provided online, the world has become a global hub. This collaboration of both finance and technology can be marked as a milestone in the process of formulating a world that knows no boundaries.

For a stable fintech career, there are a variety of options if you want to take up the best fintech course in India available at Imarticus. Students of this course will also be assisted for the placement in renowned companies from all over the globe.

How Millenials are Driving the Bitcoin Economy?

Posted on July 27, 2021March 22, 2024 by Imarticus Learning

Bitcoin is a relatively new currency, first introduced in 2008. The Millennial Generation has contributed to the rapid growth of this industry by buying Bitcoins and trading with them on cryptocurrency exchanges such as Coinbase or Kraken.

Even though Bitcoin’s value fluctuates wildly due to its lack of regulation from government bodies like the Federal Reserve Board, Millennials are willing to invest their hard-earned money into these markets because they believe that cryptocurrencies will eventually become widely accepted currency among other nations around the world – similar to how cellphones have replaced landlines overtime throughout most developed regions.

As cryptocurrency becomes more and more popular, so does the need for people to learn about it. Bitcoin Courses is a way to get into this world by learning from experts in the field who are passionate about their work.

As cryptocurrency increasingly permeates society with its popularity, there will be an increasing demand for jobs related to blockchain technology and education on how these new systems of money operate- enter Bitcoin Course! These classes provide knowledge surrounding all aspects of cryptocurrencies; they’re taught by industry leaders who want nothing but success out of each student enrolled in their courses.

In this article, we will discuss ethereum blockchain technology, Fintech, and bitcoin courses.

What is ethereum blockchain technology?

Ethereum is a public, open-source platform that Vitalik Buterin developed to allow users in the cryptocurrency world to interact and build applications without interfering or relying on third parties.

Ethereum has become one of the most talked-about cryptocurrencies since its inception back in 2015, thanks to its versatility and how quickly developers can create new apps for Ethereum’s blockchain technology.

What are the bitcoin or FinTech courses available?

What do you want to learn about bitcoin or FinTech? Are you looking for a course on how it works, why people should care, the risks and rewards of investing in cryptocurrencies like Bitcoin or Ripple? Whatever your reason is, Imarticus learning has professional FinTech courses ranging from beginner to Blockchain development that will help shape where crypto goes next!

If you want to know more about cryptocurrency and finance, enroll in one of our Bitcoin classes today. You’ll learn how bitcoins work for businesses as well as individuals.

Conclusion: It’s hard to keep up with the latest trends in finance. That’s why Imarticus Learning has created this FinTech course—to give you all of the information you need on various topics, including bitcoin and blockchain technology.

Whether your goal is personal or professional success, our experts have plenty of knowledge to share that will help you succeed in any industry! Imarticus learning offers the FinTech course certification through India’s top institute SP Jain FinTech. Apply now to make your successful career in Fintech.

Related Article:

https://imarticus.org/where-to-find-your-next-affordable-fintech-course/

Why Do You Want To Join Fintech?

Posted on July 19, 2021March 5, 2024 by Imarticus Learning

What is Fintech?

The word Fintech is an amalgamation of Finance and Technology and that’s what the Fintech industry is all about. Fintech can be seen as the evolution of the traditional banking and finance industry. It’s more about solving the challenges faced by the traditional banking and finance segment using cutting-edge technology.

The technological evolution in the financial services industry aims to automate and improve the services provided by banks and financial institutions. Fintech technology can help big businesses to manage their finances easily and curb any anomalies that exist in the system.

Fintech has been a boon for the consumer of banking and financial services as it has improved customer satisfaction and worked on the pain points of consumers. It integrates technology to offer financial services in an optimized way. It has made businesses more customers oriented and has reduced the daily hassles of the consumers.

Originally Fintech operations were limited to the backend of reputed financial organizations, over the years the scope of Fintech has broadened and now it includes other industries such as retail banking, crowdfunding platforms, NPOs, digital wallets, etc. Fintech also entails the formation and use of blockchain-based cryptocurrencies like Bitcoin.

The financial activity that uses Fintech in today’s digital era is enormous. From simple smartphone transactions to raising funds for businesses and managing investments, a whole lot is under the purview of Fintech.

Why should you choose Fintech?

Now that we have understood the meaning and scope of the Fintech industry, let’s delve deeper into understanding why you should choose a career in Fintech and how it will be beneficial for you in the long run. Fintech is among those industries that will reshape our lives in the coming decades. The Fintech industry relies heavily on the use of data and data science.

The scope of employment in the field of data science is enormous and is growing by the day. The Fintech industry is still in its nascent stage of development and has tremendous potential for exponential growth. Just think about the involvement of Fintech in our daily lives. From online shopping to education fee payments, Fintech brings a lot of convenience to customers. Let’s take a look at some of the key job roles that will continue to grow with the rise of the Fintech segment.

Why study Financial Technology?

As financial technologies emerge unceasingly, traditional financial industries are witnessing a dramatic change. The old-fashioned business skills are no longer satisfying enough to meet the new needs of the market. International financial centres are transforming, adapting themselves using the Fintech approaches, and of course, recruiting more and more Fintech related talents around the globe.

Blockchain developer

Blockchain is at the centre of crypto-currency technologies like Bitcoin that comes under the purview of Fintech. This is just one application of the revolutionary blockchain technology which will continue to grow in the coming years. Almost all finance companies will incorporate blockchain in their operations and they will need professional blockchain developers to build and manage the technology. This growing interest in the application and use of blockchain technology will fuel the demand for blockchain developers by companies.

Risk and Compliance

With the growth of Fintech, the traditional players in the banking and finance industry are joining hands with the Fintech players to provide improved services to their customers. Fintech has proved to be a game-changer and so the traditional rules and regulations have also been revamped to overview the operations of companies in this segment. Companies are employing risk control specialists and financial managers to take care of the changing risk and compliance policies.

Cyber-security

As we progress further in the digital era, criminals have also adapted to the changing circumstances and are leveraging technology to commit cybercrimes. Identity theft is among the most common cybersecurity challenges faced by businesses. To tackle these cybercriminals there is a growing demand for cyber-security professionals who could prevent the leak and loss of data from hackers and cybercriminals.

Why work in Fintech?

Fintech offers job seekers the chance to work in a highly collaborative and innovative environment. The Fintech industry offers not only an outlet for those seeking a creative challenge but also provides the opportunity for tremendous career growth and professional progression.

The world of Fintech is a great place to work while also growing your skill sets and building a sustainable career.

The Fintech sector is fast-growing and constantly recruiting. Fintech companies look for a wide range of profiles, so chances are, whatever your speciality you’ll find something for you within the industry. Promotion opportunities are common in this ever-expanding environment, and certain companies offer very attractive employment packages to attract talent.

A Fintech experience gives you the cutting edge over the competition in the eyes of a recruiter. If your dynamism, autonomy, curiosity, and confidence in facing big challenges are all tested during your visit within a fintech, you can only capitalize on these traits for your future experiences.

Impact of Cloud Computing on Fintech Companies!

Posted on July 16, 2021March 21, 2024 by Imarticus Learning

In the past decade, technology has been moving quickly, and it’s changing our lives. Cloud computing is one of the many changes that are happening at this time. It has brought about new opportunities for both companies and consumers to do things more efficiently and effectively.

This article explores how cloud computing impacts fintech companies, what benefits they get from using it, as well as some of the challenges they face when adopting it.

What is Cloud Computing?

Cloud computing is a term that is often thrown around without much understanding. The first thing to know about Cloud Computing is that it refers to storing data in remote servers or “the cloud.” This type of storage is less expensive than having your hardware, which can be cost-prohibitive for many smaller organizations. But before signing up with any provider, you’ll want to do your due diligence and make sure they have a good track record of security.

Benefits of Cloud Computing:

There are many benefits to using cloud computing for your business; it saves you money on hardware and maintenance costs, safeguards against theft, all without compromising security or quality.

Cloud computing course is cost-effective because companies don’t need to purchase specialized servers or software before saving their files. This also reduces ongoing IT expenses like upgrades since all updates are automated.

There’s no risk of backup failures due to hard drive crashes either. Plus, there’s some legal protection with cloud storage, so if something goes wrong, you’re covered.

Cloud computing is the effortless solution for companies that need to scale up quickly or scale down depending on workloads.

The cloud offers many benefits to businesses, but just like anything else, you should take some time before investing by looking into the costs and what features you’re getting with your purchase, so make sure it makes sense for your needs now and going forward.

Cloud Computing & Fintech:

Cloud computing has drastically changed the way we work and communicate. Fintech companies, who are always looking for new ways to innovate, have jumped on this opportunity instead of transferring that data to a personal computer. You can have your data stored in one place and easily accessed from any location with an Internet connection.

Advanced data management

Cloud computing is beneficial in the current scenario where financial data is exploding. Cloud technology allows companies to store & manage data in a secure form. This enables businesses to take advantage of intelligent approaches to lend, pay and detect fraud.

Reduced operational cost

Storing data on-premises is highly expensive compared to cloud storage solutions. Cloud computing reduces overall investment & maintenance costs for servers & burns resources to maintain uptime.

Automated analysis

Cloud Computing leverages the power of Data Science, AI/ML to perform particular tasks like credit scoring, fraud detection, & banking processes. Cloud technology introduces capabilities that accelerate & automate data analysis.

Enhanced client satisfaction

Huge computing power & smoother working models empower Fintech companies to create modular customer-centric services & increase client satisfaction. Further, with Big Data & ML, finance frauds have been significantly reduced, and the creation of trusted platforms has to be facilitated to conduct banking activities.

Improved business efficiency

Cloud computing incorporates centralized data management and supports faster data processing. This allows Fintech companies to stay focused on banking operations & maintain maximum productivity.

Imarticus Learning offers Fintech training courses that cover every paradigm of cutting-edge new-age fintech solutions.

Be FinTech Revolutionist with Imaritcus Learning:

Imarticus Learning offers courses covering every critical aspect of FinTech via hands-on training with prominent API, Blockchain, Cloud Computing, AI, Machine Learning, RPA, IoT, and Big Data. The detailed learning experience enables students to apply what they learn in real business scenarios.

The unique FinTech pedagogy focuses on hands-on training with prominent technologies and industry-related tools. Industry partnerships & education connect & access to Fintech Community are some other advantages the program offers.

Contact us through the Live Chat Support system or visit our training centers based in – Mumbai, Thane, Pune, Chennai, Bengaluru, Hyderabad, Delhi, Gurgaon, and Ahmedabad.

What if you would like to switch your career towards Blockchain?

Posted on July 13, 2021July 15, 2021 by Imarticus Learning

There has been an incredible advancement in the evolution of Blockchain technology over the past couple of years. In various sectors in society, from healthcare, education, logistics, industrial supply chains and more, Blockchain has been adopted and implemented in industries.

Due to its use cases and positive reviews, Blockchain-based pilot projects have been part and parcel of the global scenario and possibly the dawn of a new technological revolution. If you are looking to pursue a Blockchain career, there could possibly be no better time than this.

What is Blockchain technology?

Blockchain is a data recording database that is both encoded and dispersed with working similar to computerized records of transactions, contracts or even money. Blockchain technology is mostly useful to protect the transfer of confidential documents like contracts, money, property and more without any third party like a government or a bank interfering in the same.

Once information is stored and encrypted inside a block, it is not possible to change it or tamper with it. The most important and highly useful feature of Blockchain is that it can be accessed across multiple computers.

How to start a career in Blockchain

A fairly new technological segmentation itself, Blockchain careers might not be your run-of-the-mill jobs. In today’s day, technical skills make for a much stronger ground than a candidate’s educational background. Although you can start off as a novice, it will be an added advantage if you have or a similar professional field.

It is not absolutely essential to have a formal education and you can easily start by signing up for a professional Blockchain course. A course in this field can turn out to be highly useful for you if your goal is to master topics in the cryptocurrency space.

Most professional courses teach you the working of the Blockchain platforms along with a solid understanding of the basics, essential vocabulary, key concepts, along with important tools like docker, truffle and more. The main goal of any professional course is to help you understand the A-Z of Blockchain technology and how to implement it in the real world.

Most importantly, a certificate Blockchain course will also teach you how to prepare your own sample Blockchain application, or how to build an actual Blockchain use case later on in the near future.

Most courses on Blockchain technology cover the essential ideas of cryptography and how it is related to Blockchain, and in case you’ve already worked as a developer, engineer or tester, you have an added advantage. Additionally, the course may teach you more about required programming languages like Go, Solidity, or Simplicity, that you may need to develop a Blockchain application.

Blockchain career options

With a bright and evolving future, Blockchain is playing a crucial role in everyday lives. Careers in Blockchain have been and will change the professional world in terms of technology, and before you completely seal the deal, here are a couple of career options you can pursue in Blockchain once you’ve gained professional knowledge in this field.

Blockchain Developer
Blockchain Quality Engineer
Blockchain Designer
Blockchain Legal Consultant
Blockchain Project Manager

Conclusion

Careers in Blockchain technology are making uproars in the technical world in terms of scope and advancement with top companies looking to hire professionals with an in-depth understanding and working knowledge in this arena.

Cryptocurrency has already changed the face of the world economy in terms of security and the bigger picture looks good. So, think about where your interest lies, conduct basic research about the possibilities and challenges you may face. Once you’ve made up your mind, go for it!

FinTech Ecosystem in India – Trends, Top Startups, Jobs, Challenges, and Opportunities

Posted on July 7, 2021April 2, 2024 by Imarticus Learning

Introduction

Fintech services in India are witnessing growth in recent years. India is one of the top five markets in the fintech sector. The Fintech sector in India received a finding of about $270 million in 2016 and it has grown a lot since then.

The technology innovation in India and the surge in usage of smartphones has helped in the growth of fintech services. The recent coronavirus outbreak has also made people shift towards online modes of transferring money. Let us see the trends and opportunities in the fintech sector in India.

Trends in Fintech in India

The top trends in fintech that one should look for in India are:

Platform as a Service (PaaS) is helping fintech companies to provide more services to their clients. With the help of PaaS, fintech firms can provide payment processing services, credit risk management services. It also helps in resource management & team collaboration.
The usage of new-age technologies like machine learning, artificial intelligence, robotic process automation is also trending. These technologies are helping in generating automation & helping in processes like online credit report generation, customer support services, etc.
The usage of Blockchain as a Service (BaaS) in fintech services is also witnessing a growth.
The shift of traditional financial institutions towards fintech is also booming in India. A lot of traditional banks have come up with their own mobile applications to compete with the fintech giants.

Top Start-ups in the Fintech Sector in India

Some of the top fintech start-ups in India are as follows:

MobiKwik
BankBazaar
One97 Communications
Phonepe
Policy Bazaar
Capital Float
CCAvenue

Jobs in the Fintech Sector in India

Fintech is a combination of banking services & technology. IT experts in data analysis, blockchain, machine learning will be in huge demand in India as they will be required in building smart algorithms that can automate the financial processes and can save time & money of any particular fintech firm.

Job opportunities will also be available for mobile application developers, UI/UX designers, etc. There are many fintech start-ups/firms in India and thus more jobs will open in the banking & IT sector.

Challenges & Opportunities in the Fintech Sector

There are a lot of challenges faces by fintech companies. They have to make sure that their online transaction platform is secure. They have to secure the sensitive information of their users at any cost. They have to also cope up with the rules and regulations laid by the government.

The lack of deep-technology experts in India has also created hiring problems for fintech firms. The recent coronavirus outbreak has also impacted the working culture of the employees in the fintech sector. The monitoring of staff is also done remotely via online mediums.

There are a lot of opportunities in India in the fintech sector. The government of India also promotes the use of digital transfer mediums. The government of India is also providing financial aid to start-ups up to 1 crore if your idea is worth it. There is a huge user base in India because there is a lot of population and almost everyone is having access to smartphones. In recent years India saw demonetisation being imposed by the government which has fueled the use of fintech services.

Conclusion

Fintech services are challenging the traditional banking services up to a great extent in India. If you are thinking of building a Fintech Career, then perhaps this is the right time to step in this sector.

You can learn more about this industry via various Fintech courses available on the internet.

This was all about the fintech trends, challenges & opportunities in India.

Tag: cryptocurrency