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Tag: fintech career

Fintech Disruption of The Banking Industry: Innovation vs Tradition?

Posted on 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.

Best Fintech courses in IndiaThis 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.

best Fintech courses in IndiaThis 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 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.

best Fintech courses in IndiaThis 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.

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!

How Digitization Will Change the Future of Finance: The Digital DNA of Fintech?

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The digitization of finance will have a profound effect on the future of Fintech, and it is already changing how companies do business. The digital DNA of Finance has allowed for new opportunities to be created by companies who can use this new technology to reach customers in ways they could never have before.

This also allows for the potential that more people will be interested in MBA programs focused on Fintech as well. It has increased the demand for specialists in FinTech and has made them harder to find. MBA in Fintech is an on-demand degree that provides you with all the tools necessary to succeed in the financial services industry.

How will Digitization change the future of the fintech industry?

Digitization is changing the world as we once knew it. It has changed how people interact with each other, and now it’s starting to change finance. The digital DNA of Fintech varies widely from country to country, but one thing that remains constant is its exponential growth in the last five years.

Here are some predictions on what digitization will do for Fintech:

– The Economist predicts that by 2020 mobile banking revenue will exceed desktop revenues.

– According to Accenture research, 85% of all customer transactions could be handled by digital channels within the next decade.

– It is predicted that 90% of all financial services in the US will be provided digitally, saving an estimated $900 billion a year for banks and other providers.

– The top 30 global fintech organizations raised over 12 billion dollars collectively in 2016, which was up from only about half of that amount just two years ago. It’s clear to see how this industry has been exploding with innovation!

MBA in Fintech coursesThis also implies that the demand for specialists in Fintech is increasing. MBA in Fintech is one such degree that will equip you with the skills to thrive and harness this opportunity.

Why should graduates consider making a career in the fintech industry?

Today, there is a high demand for people with finance and technology skills. This demand is expected to grow substantially with digitization, making it an excellent time for potential professionals considering this career path who want a high salary and strong employment prospects.

The MBA in Fintech program equips students to take on the challenges of this ever-changing landscape by providing them with an understanding of all the aspects of the fintech industry. It will also give you exposure to a diverse set of industries that are taking advantage of advanced management concepts such as Big Data analytics and mobile commerce.

Master the skills of digital transformation & investment management with Imarticus Learning

With digitization changing the way we live, work and do business, finance is no exception. Finance professionals across industries are undergoing a digital transformation to better serve their clients’ needs with this shift of focus from traditional banking activities to innovative solutions for financial services.

Imarticus Learning offers online MBA courses that equip you with the skills needed to succeed in this challenging but very rewarding industry. With a broad understanding of technology, business, and finance, MBA students become highly sought-after as they are able to offer financial advice on complex transactions involving digital assets.

For more details, get in touch with us through the Live Chat Support system or visit our training centers based in – Mumbai, Thane, Pune, Chennai, Bengaluru, Hyderabad, Delhi, Gurgaon, and Ahmedabad.

The Key Role of Fintech in Developing Smart Cities

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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.

  1. 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.

  1. 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.

  1. 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.

  1. 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?

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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.

  1. 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.

best Fintech courses in IndiaApart 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.

  1. 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.

  1. 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.

  1. 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.

Why Do You Want To Join Fintech?

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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 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 courseCloud computing course in Fintech 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.

Cloud Computing courseImarticus 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.

Artificial Intelligence in Fintech: Understanding Robo-advisors Adoption Among Customers

Posted on by Imarticus Learning

The influence of Artificial Intelligence (AI) and its application in various industries have brought about a positive outlook on how operations are done in many sectors. In direct contrast to traditional methods, AI is making processes more smooth, beneficial to businesses by reducing overhead costs on labor and human error.

AI in financial technology (Fintech) has also seen vast applications and not just in banking and financial management but also in catering to the advisory portion of it. With AI in the mix, Fintech companies can now offer customers 24/7 support along with and reduce operational fees levied for their services.

Fintech Courses in India

Fintech isn’t just for financial institutions but also for businesses that employ financial services as part of their operations. Thus, despite the field of operations, fintech is useful in all businesses to make the process automated and smooth. Thus, many fintech startups are seeing rapid growth in the field.

Fintech courses in India have seen great exposure as the applications of this course don’t just stop at giving businesses backend solutions but also make customer-facing services smoother. Wealth management, better banking and investment management services, and more, this field has financial technology courses that give students a chance to get into great positions in the field.

Some of the courses that rank high in India include:

  • Data Science Analysis
  • Data Science Visualization
  • Artificial Intelligence in Fintech
  • Machine Learning in Fintech
  • Wealthtech
  • Robo-advisors and their applications
  • Cyber Security and more

Adoption of Robo-Advisors Among Customers

The scope of this financial technology course studies the application and adoption of Robo-advisors in the banking and investment sector. Businesses including financial institutions save a lot of costs involved in manpower and support by adopting Robo-advisors in their business to deal with customer-facing queries.

With this course, you understand the challenges involved in AI in financial services, the history of Robo-advisors and customer feedback on them, and measures involved in the successful implementation of Robo-advisors for business.

As with any new innovation, customers and even businesses are slow to adapt and test the use case of Robo-advisors. However, the course is aimed at understanding user behavior and how to overcome traditional beliefs involved in its implementation.

Careers in Fintech

There is no doubt that fintech has brought about a huge change in financial services. It is not just about the digitalization of banking and investment services but also includes cryptocurrencies, blockchain management, and more.

The prospects of a career in fintech have high demand. Fintech is the upcoming innovation that has led many financial products and their management smoother and more profitable for businesses. Entry into one of the fintech companies requires a course or a degree in financial technology and the knowledge of AI, machine learning, and its applications.

As a fintech student, you can push your career path as a data analyst, blockchain developer, cybersecurity specialist, mobile app development, and other positions. Many organizations are looking forward to hiring candidates with the right skills to help them develop the necessary IT infrastructure or monitor and analyze data secured by AI functions.

Working in a fintech company has a lot of benefits as AI in finance is a disruptive force taking over several operations in the financial sector. It can soon replace many traditional methods of banking, investment, and handling financial services. The growth in your career and the monetary benefits are worth pursuing a course in fintech.

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

Posted on 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.

Fintech courses and jobsThe 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.

Career in FintechYou 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.

What Is Fintech All About and How to Make a Successful Career?

Posted on by Imarticus Learning

Technology has empowered professionals more than ever, and the transformation is changing the paradigms of many industries. The finance sector has witnessed a different transition undergoing significant changes and is now commonly addressed as the Fintech sector.

What Is Fintech?

FinTech, a mix of “financial” and “technology,” is a relatively new term for any emerging technology that supports consumers or companies to deliver financial services in a new & faster way than conventional methods.

The best FinTech courses in India have empowered consumers to take charge of their financial lives, leading to greater financial literacy. Leveraging advanced technology is tearing down the old silos and helping consumers advance in their financial situation.

Scope of Fintech in India

India is the top fastest-growing Fintech market on the globe. With over 2,100 Fintech start-ups in India, over 67% have been set up in the last five years. India’s Fintech market is currently valued at $31bn and is expected to grow to $84 bn by 2025, at a CAGR of 22%.

The Indian Fintech market has a wide range of subsegments, including Lending, Payments, Wealth Technology (WealthTech), Personal Finance Management, Insurance Technology (InsurTech), Regulation Technology (RegTech), etc. This calls for an immense scope for professionals to develop careers that bring them a fortune.

Top Fintech Careers for Aspirants to Try their Luck?

Cybersecurity

The Fintech world operates with a backing on digital and cloud-based technologies. While this improves internal processes & customer service, the increased vulnerability to malicious cyber threats adds uncertainty.

Cybercrime is on the rise & isn’t stopping anytime soon. This poses a demand for talented cybersecurity professionals to develop security measures to keep track of malicious threats. Using intelligent encryptions, they can protect data and systems.

Blockchain developer

Another boarding fintech profession on demand is blockchain development, which benefits the industry in its ways. It provides secure methods for record management and keeps things private. The recent peak in cryptocurrency & blockchain has fuelled up demand for professionals.

Quantitative analyst

These scientists are the brains behind complex trading programs. Quant analysts guide investment banks, securities firms, and hedge funds to make informed decisions about the market, pricing, and financial risks.

With the fintech sector evolving, more specialists are needed to build strategies & interpret big data to maximize profit & minimize risk. The rise of fintech startups, ML & AI, has intensified the demand for quantitative analysts. These experts create future algorithms to help companies reach their financial goals using maths, data science, finance, and application development.

Artificial intelligence

Financial organizations flourish on informed decision-making, be it extending credit to consumers or evaluating risks. AI/ML helps businesses in making fast and critical decisions with data and insight.

Across the industry, companies rely on technology for transformation through AML pattern detection, chatbots, fraud prevention, risk management, network security & investment predictions. Human experts like machine learning engineers, data scientists, developers, and researchers are needed to manage, develop, and oversee AI/ML to have improved efficiency.

Advance in Fintech Career with Imarticus Learning

Technological advancement has brought around Fintech courses in India. This ranges from blockchain & crowdfunding to peer-to-peer lending and Robo-wealth-managers. Among the popular demand is blockchain at the top of must-learn lists of the millennials.

Imarticus Learning offers fintech certification programs for FinTech enthusiasts. The program prepares students to be professional, well-versed in fintech, with an enhanced knowledge of Blockchain.

Imarticus Learning offers the best fintech courses in India, covering subjects like Financial Accounting, Cloud Computing, Trade finance, Blockchain, and cryptocurrency. Industry experts design the courses for better business insights, communication skills, domain expertise, and management skills.

The network and placement assistance are the top features of these courses.

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