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The Fundamentals of Cloud Computing

Posted on by Imarticus Learning

The cloud has transformed how businesses and individuals store, manage, and analyse data. It provides numerous advantages, including faster invention, more flexible resources, and economies of scale. 

This article will examine the fundamentals of cloud computing, its architecture, service classes, deployment methodologies, and some major public cloud service providers.

What is cloud computing?

Cloud computing refers to delivering computing services via the internet, colloquially known as “the cloud.” These services include servers, storage, databases, networking, software, analytics, and intelligence. In other words, it is a comprehensive solution delivering IT  as a service. 

As opposed to traditional computing models, which store data and applications on local servers or personal computers, cloud computing allows users to access their resources and apps from any location with an internet connection.

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One of the most significant characteristics of cloud computing is its ability to provide flexible resources. Cloud service providers can distribute and reallocate computer resources dynamically based on demand, assuring optimal performance and cost efficiency. This adaptability enables firms to scale their infrastructure up or down as needed without requiring large upfront hardware or software investments.

The architecture of cloud computing

Cloud computing architecture is constructed using a network of remote servers situated in data centres managed by cloud service providers. These data centres store and process large amounts of data. The architecture has two components: front-end and back-end. 

The front end involves client devices or applications that users interact with, while the back end includes cloud servers, storage systems, and several software applications that form the cloud infrastructure.

The cloud is built on distinct layers, each offering different functionality. Cloud computing presents different service classes to suit various user needs, with the most popular options being Software as a Service (SaaS), Platform as a Service (PaaS), and Infrastructure as a Service (IaaS). 

SaaS – It is the topmost layer of the cloud. SaaS provides cloud-hosted software applications that prevent the need for local installations. A prime example of a SaaS provider is Google Pack. 

PaaS – Paas forms the intermediate layer and gives developers a platform to develop, deploy, and manage applications without worrying about the underlying infrastructure. It also gives clients access to operating systems and associated services. Amazon’s Elastic Compute Cloud (EC2) is an example of a PaaS provider.

IaaS – The cloud’s foundation lies in the infrastructure. IaaS provides virtualised computing resources, such as servers, storage, and networking, which offer users more control and flexibility over their infrastructure. An example of organisations benefitting from IaaS is POD (Print On Demand) services.

Types of cloud computing

The cloud has evolved into different types, models and services to cater to the changing needs of people. There are primarily 3 types of clouds ⎯ public, private and hybrid.

  • Public Cloud – A cloud owned and managed by third-party service providers to deliver IT services like servers and storage over the web to multiple clients is known as a public cloud. 

There are various notable participants in the industry when it comes to public cloud service providers. Microsoft Azure is a leading supplier, offering a wide range of cloud services such as computing power, storage, and analytics. 

Amazon Web Services (AWS), Google Cloud Platform (GCP), and IBM Cloud are some of the other prominent providers, each with its own set of services and capabilities to meet the demands of diverse customers.

  • Private Cloud – It is dedicated to a single organisation and can be located on-premises or hosted by a third-party provider. In this case, services and infrastructure are maintained on a private network.
  • Hybrid Cloud – A hybrid cloud combines public and private cloud models, allowing organisations to take advantage of both benefits. It facilitates sharing of data and applications between public and private clouds, offering companies greater flexibility and deployment options. It is ideal for optimising existing infrastructure, security and compliance.

Apart from the three above clouds, a fourth cloud, the community cloud, also exists. Multiple organisations share it with common interests, such as industry-specific regulatory requirements. 

Applications of cloud computing

Cloud computing pervades every layer of our digital existence. From watching movies, sending emails, and editing documents to playing your favourite music, cloud computing works behind the curtain to make everything seamless.

Some common applications of cloud computing include -: 

  • Using an offsite cloud storage system to store, recover and back up data to ensure easy accessibility from anywhere, anytime. 
  • Streaming audio and videos from any location or distributing the service to connect with audiences.
  • Using cloud infrastructure to test and build applications.
  • Creating, deploying and scaling cloud-based applications — mobile, web, API.
  • Unifying data across divisions, teams and locations in the cloud. Discover insights by using cloud services like machine learning and artificial intelligence.

Conclusion

Cloud computing is a robust and scalable solution for storing and processing data, driving innovation and enabling organisations to thrive in the digital age. It has transformed the way businesses and individuals leverage technology. Enrol in a reputable fintech course to learn the fundamentals of cloud computing and explore the job market.

Imarticus and SP Jain School of Global Management’s Professional Certificate in Fintech covers the basics of the fintech industry, including machine learning, cloud computing, artificial intelligence, and API, apart from core finance concepts. Check out their website now!

10 Tips for Creating Financial Statements That Are Reviewer Friendly

Posted on by Imarticus Learning

10 Tips for Creating Financial Statements That Are Reviewer Friendly

Financial statements are a vital part of any business. They provide a snapshot of the company’s financial health and can be used to make decisions about the future of the business. 

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For financial statements to be effective, they need to be clear and concise. This means they should be easy to read and understand for both reviewers and stakeholders. In this blog post, we will discuss ten tips for creating financial statements that are reviewer friendly!

Use Simple Language

When composing financial reports, use language that is understandable to all. This means avoiding technical jargon and using simpler terms instead. For example, instead of saying “net income,” you could say “profit.”

Include All Relevant Information

Financial statements should include all relevant information about the company’s financial health. This includes income, expenses, assets, liabilities, and equity. Reviewers will use this information to make decisions about the business, so you must have all of it.

Make sure Data is Accurate

One of the most critical aspects of financial statements is accuracy. All of the data must be accurate for reviewers to make informed decisions. Businesses should double-check all numbers before having them in the report.

 Use Consistent Formatting

Another important tip for creating reviewer-friendly financial statements is to use consistent formatting. This makes it easier for reviewers to find the information they are searching for and to compare different reports. For example, you should list all income in the same place on each report.

Use Graphs and charts

Including graphs and charts in financial statements can be helpful for reviewers. They provide a visual representation of the data and can make it easier to understand. Additionally, they can help reviewers to see trends over time.

Highlight Important Information

Some information included in financial statements is more important than others. This information should get highlighted so that reviewers can easily find it and assess its importance. 

Explain Any Unusual Items

If there are any items in the financial statements that are unusual or out of the ordinary, you should explain them. This helps reviewers to understand why they are there and to assess their importance. 

Include a Summary

A summary of the financial statements can be helpful for reviewers. This should include a brief overview of the most critical information in the report. The summary should be easy to understand and give reviewers a good idea of the company’s financial health.

Use Comparisons

Comparisons can be helpful in financial statements. They enable reviewers to compare a company’s performance to its competitors or similar companies in the same industry. 

Keep it Up-to-Date

Financial statement preparation should be up-to-date so that reviewers have the most recent information. This means they should be created regularly, such as monthly or quarterly. Additionally, they should be updated if there are any significant changes in the company’s financial situation.

By following these tips, businesses can create financial statements that are reviewer friendly. So what are the key takeaways for creating reviewer-friendly financial statements? To make it easy for reviewers to understand your business, keep your formatting clean and concise, use clear and simple language, and avoid burying important information in the footnotes.

 Learn financial analysis course with Imarticus Learning

This finance course with placement will teach students about financial statement analysis, modeling methodologies, and valuation procedures. It will help them to learn practical information and develop essential skills.

Course Benefits For Learners:

  • Additionally, learners will gain essential abilities to aid their employees in the financial industry.
  • Once you have mastered financial analysis classes, you can demonstrate your abilities to potential employers.
  • Through online financial analyst training, learners can acquire the knowledge and abilities required to become financial analysts.

Visit our training centers in Mumbai, Thane, Pune, Chennai, Bengaluru, Delhi, Gurgaon, or Ahmedabad, or get in touch via a chat support system.

Key financial trends: Shaping the future of payments

Posted on by Imarticus Learning

As technology develops and financial institutions become more digitalized, payments have become faster and more efficient. Payment trends are changing rapidly, and with each new trend comes a unique opportunity to reshape the future of payments. 

The COVID-19 pandemic has hastened a significant transformation in the financial services sector. Electronic payments are at the center of this transformation, given the central role that digitization plays in the financial lives of an increasing proportion of the global population.

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Money makes the world go round – or so it’s said. But in an ever-changing financial world, what trends and changes should you be on the lookout for? Well, if you’re a student wondering how to stay ahead of the game, this blog post is for you! 

The key financial trends that will shape the future of payments

Most payments are made online using internet banking or mobile apps, eliminating the need for people to physically visit branches for such basic activities thanks to fintech, which has revolutionized how money is transacted.

Mobile Payments 

Mobile payments are becoming increasingly popular as consumers move away from traditional methods like cash. Mobile payments allow customers to instantly transfer funds using their mobile device, which is incredibly convenient and secure. The 2022 Global Payments Report by Worldpay from FIS projects that between 2021 and 2015, India’s e-commerce market will grow by 96%.

AI-Powered Payments 

AI (Artificial intelligence) is quickly becoming an integral part of payments processing, with AI-powered systems capable of streamlining operations and providing customers with a better experience when making payments. You can use AI to provide real-time fraud detection, risk analysis, and automated customer service. With AI-powered systems in place, businesses can reduce costs while improving accuracy and efficiency in processing payments.  

Data-Driven Payments 

Data-driven payments are becoming increasingly popular as well. Companies can create personalized payment experiences tailored to each customer’s needs by collecting data about customer behavior and preferences. This data-driven approach also allows businesses to understand customer spending habits better and provide targeted promotions and discounts that will keep them coming back repeatedly! 

Cryptocurrency Payments 

Cryptocurrency has been around since 2009, but only recently has it become widely accepted as a form of payment. Cryptocurrencies like Bitcoin offer users increased security due to their decentralized nature and lack of regulation from any government or bank entity. Cryptocurrency usage is rising; by 2022, it gets estimated that there will be over 200 million cryptocurrency wallet users worldwide! 

Currency Digitization 

The digital currency has become increasingly popular over the past few years due to its convenience and privacy benefits. Cryptocurrencies like Bitcoin allow users to make secure transactions without worrying about government regulations or banks getting involved in their transactions. Moreover, you can use digital currencies across borders without worrying about exchange rates or conversion fees, making them ideal for international payments or investments. This trend towards digitization of currency will continue as more people embrace its benefits for both personal and business use cases. 

Knowing these vital financial trends can give you an edge over other students who may need to be aware of them. It’s essential to stay up-to-date on current financial news so you can make informed decisions about your money in the future! 

Explore a certificate in finance and technology with Imarticus Learning

The financial technology courses improve students’ understanding of fintech by offering hands-on instruction from business experts, robotic process automation, real-world case studies, blockchain, and cloud computing projects, as well as crucial connections with fintech leaders and entrepreneurs.

Course Benefits For Learners:

  • The future of fintech is bright, and students can stay up to date by going to networking events, job fairs, or webinars.
  • The students in their regular jobs will use the concepts covered in the fintech online training.
  • We’ll introduce students to the best fintech courses in India to help them pursue their dream careers.

Visit our training centers in Mumbai, Thane, Pune, Chennai, Bengaluru, Delhi, Gurgaon, or Ahmedabad, or contact us via chat support.

5 Benefits Of Gamification In Fintech

Posted on by Imarticus Learning

5 Benefits Of Gamification In Fintech

Financial services are tough to make interesting since they are all about tables, charts, and figures. Nonetheless, businesses across industries are attempting to boost client engagement through digital solutions, and Fintech is no different. One approach is to include gamification in financial products. 

Game-like characteristics assist financial institutions in engaging people more effectively and turning ordinary procedures into enjoyable and rewarding activities. How can gamification benefit a finance app? Here are the advantages of using gamification in Fintech but first, let us understand what gamification is.

What is gamification in Fintech?

Banking gamification is the practice of making banking a more fun and engaging experience, similar to that of playing a game. Gamification applications seek to enhance customer engagement. The banking sector may use game mechanics to improve client experiences and increase trust in their product offerings. 

Overall, gamification in Fintech aims to increase app user engagement and loyalty to the financial service provider. It helps provide new life to goods that might otherwise be dull; in other words, it seeks to transform a financial or business app experience from a task on a to-do list into a pleasant activity.

Some of the benefits of gamification:

Attract new customers

One of the most compelling reasons to gamify your financial app is that it will significantly increase your profitability.  Of course, referral systems are nothing new. To some extent, almost every corporation and sector has adopted a referral system. 

There are also plenty of facts demonstrating how powerful they can be. Gamification is a powerful method for acquiring clients. However, as many developers are aware, it does not stop there. Retention is considerably more critical for the success of a financial app.

Increased customer awareness

Financial institutions may profit from increased customer loyalty and word-of-mouth promotion by developing an enjoyable app. Furthermore, banking gamification can allow for real-time entry of new information and raise consumer knowledge of their financial condition, simultaneously increasing their purchasing power and brand loyalty.

Cloud Architecture

Banking gamification lends itself well to being developed on cloud services. Developers may ensure that their applications run on numerous platforms without relying on legacy software and infrastructure.

Gamification assists clients in using the app successfully.

Fintech applications assist users in solving problems, such as saving more money or increasing their wealth. Gamification should thus always be used to achieve this purpose.

Discover fintech certification programs with Imarticus Learning

The best fintech courses in India offer a comprehensive overview of FinTech and strategic and hands-on instruction in technologies like Cloud Computing, AI, APIs, Blockchain, Machine Learning, IoT, and RPA.

Course Benefits for Learners

  • Learners will discover how to use machine learning and blockchain technology concepts in their daily operations.
  • Fintech has a promising future, and learners may stay up to date by attending networking events, job adverts, or webinars.
  • Fintech training courses will provide students with essential tools to help them find their desired careers after graduation!

Contact us through chat support, or drive to one of our training centers in Mumbai, Thane, Pune, Chennai, Bengaluru, Delhi, and Gurgaon. 

Learn the fundamentals and techniques of financial risk management with an Advanced management program in financial services

Posted on by Imarticus Learning

Risk management is the essential aspect of any financial services organization. Without a risk management program in place, it is easy for a company to lose money in the stock market, through bad investments, or simply by not being prepared for an emergency.

This post will discuss the basics of financial risk management and how you can learn more about it with an advanced management program in financial services. We will also discuss some of the benefits of pursuing such a program and how it can help you boost your career in finance!

Risk management is all about ensuring that a company does not lose money due to unforeseen circumstances. A financial services organization can face many risks, including market risk, credit risk, operational risk, and regulatory risk.

Basis of financial risk management

Every business must have a risk management system, no matter its size. A risk management system can help a company avoid financial losses, devastating to a business. There are several types of risks that a company can face, and a sound risk management system will address all of them.

One of the best methods to learn about risk management is to take an advanced management program in financial services. These courses give students a comprehensive understanding of the topic, and they often include coursework in investment analysis, portfolio management, and risk management.

Pursuing such a program can help you develop the skills and knowledge to be a successful financial advisor or risk manager. In addition, an advanced management program in financial services can also help you advance your career in finance!

The benefits of pursuing an advanced management program in financial services include:

  • Learn the fundamentals and techniques of financial risk management.
  • Gain a comprehensive understanding of the topic
  • Develop skills in investment analysis, portfolio management, and risk management.
  • Advance your career in finance!

Pursuing an advanced management program in financial services can help you develop the skills and knowledge to be a successful financial advisor or risk manager.

In addition, an advanced management program in financial services can also help you advance your career in finance! 

If you are willing to learn more about financial risk management and how to protect a company from losses, then an advanced management program in financial services is perfect!

Discover financial risk management certification with Imarticus Learning

Our financial risk management course will give the student a thorough grasp of investment banking, capital markets, risk management, and fintech. IIM Lucknow’s best business school has curated this six-month intensive curriculum.

It provides the finest-in-class education for experienced middle managers looking to reignite their financial service careers.

Course Benefits for Learners:

  • As a participant in this equity research course, students will have the chance to meet and communicate with their classmates and industry experts. 
  • Learn with a curriculum that focuses on outcomes and a pragmatic learning style. Students will learn essential areas such as investment banking, capital markets, risk, and fintech in this course. 
  • A diploma in risk management includes everything students need to know about the financial markets and how they work.

Contact us through chat support, or drive to our training centers in Mumbai, Thane, Pune, Chennai, Bengaluru, Delhi, and Gurgaon.

Latest – Top 10 Innovations in the world of Fintech in 2021

Posted on by Imarticus Learning

The term Fintech comes from combining the words Finance and Technology, therefore, the term covers all those companies that use new technologies to offer financial services. Financial companies are not the only ones to use this term, as universities and study centers are already offering many financial technology courses to specialize in this area.

The Fintech industry is growing rapidly, with more and more investment. Such growth makes it essential to understand how it works in order to take advantage of the opportunities it can provide. At Imarticus, we understand the important role of technology in every aspect of our lives and the big potential it has to create value and new products. For this reason, we offer different Fintech courses so that you can be at the forefront of technological innovation: MBA in Fintech and the SP Jain FinTech. 

If you want to know more about the programs and the importance of this industry, keep reading and you will understand why it is important to be in one of our Fintech specialization programs and the advantages of taking one of the best Fintech courses in India.

Here are the top 10 innovations in the world of Fintech. 

  • 1. Banking through digital platforms

With mobile phones and electronic devices, it is possible to access financial platforms quickly and efficiently.

  • 2. More paying options

Fintech also makes it possible for us to pay in a variety of ways. We no longer have to use only a credit card or cash, we can now pay with different services.

  • 3. Easier online payments

Thanks to the increase of electronic platforms and increased security, it is possible to make online payments much faster and easier.

  • 4. Cryptocurrencies

Fintech has helped to democratize the use of cryptocurrencies, as they allow you to buy and sell this type of virtual currency very easily.

  • 5. Digital insurance

As well as normal financial institutions, Fintechs also offer other types of insurance options in case you want to protect your resources.

  • 6. Blockchain

Blockchain is one of the great innovations of our time. It allows transactions to be made in a decentralized, transparent, and secure way so that anyone can see what is happening, making transactions fairer and more efficient. It is a distributed register that serves to store information in the form of transactions and is one of the basic building blocks for the functioning of cryptocurrencies.

  • 7. Big Data

Today we live in the information age. With the constant use of computers, telephones, and the internet, we produce an impressive amount of data that can be exploited to extract information and knowledge of value to any business.

  • 8. Fraud detection 

The fact of having technologies such as blockchain and data analysis makes it possible to trace possible financial fraud more easily.

  • 9. Internationality

By decentralizing financial systems, it is easier to make transactions or payments without having to rely on banks in any one country. Now it is easier and cheaper to send money or make transactions outside of your country.

  • 10. Service and customer service automation

It is possible to use artificial intelligence to automate processes such as customer service or other repetitive activities that are very common in traditional financial companies.

We have just selected some of the innovations that we believe have the most disruptive influence on the market, but you can learn more about this topic with our financial technological courses. Imarticus has some of the best fintech courses in India, you will learn from real-world experts all these innovative technologies and ideas that will help you in the future. If you want to know more information about the fintech courses, the MBA in fintech, or the SP Jain FinTech, do not hesitate to visit the Imarticus website to solve your doubts.