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Tag: Fintech Certification

How Blockchain Can Transform Our Economy and The Way We Do business In The Future?

Posted on by Imarticus Learning
Reading Time: 3 minutes

 

In words of a techy, Blockchain is a decentralized electronic ledger system that creates secured transactional records using cryptography which is irreversible corruption thus putting a stop to malpractices of corruption. It can be used in any transaction involving money, property or other goods of value.

Blockchain is the latest transformational innovation using technology. The distributed ledger holds accountability on the user’s end and is spread amount a network of peers. The security of the blockchain lies in the architecture of the technology, spread across multiple users it’ almost impossible to hack as changes from anywhere around the world are updated based on the reach of the network.

In the most basic form blockchain technology can be explained as a medium to record economic transactions in a digitalized form using cryptography to secure the data and maintain transparency in the recording of the data for better accountability in the system. Blockchain is a democratized system in the purest sense.

The Blockchain Economy

The evolution of the economy has been beyond bounds, from the ancient period of barter systems to money as a mainstream method of exchange provides a snippet of this drastic transformation. Adding to this evolution is the latest trend of blockchain technology which has given a new method of exchange and fulfilling of transactions.

The latest version of the economy is impeccable in terms of having any external influences and corruption malpractices. The blockchain economy shows a promising future for the economy, unflawed by any one individual bringing more stability and accountability.

The center of attraction is the concept of using cryptocurrencies as a method of exchange for various transactions which were earlier facilitated through government-backed monetary authorities using their currencies.

Curbing out the middlemen from monetary transactions, blockchains aims to improve and reduce the cost of transactions for people using their cryptocurrencies. At the foundations of cryptocurrencies is the revolutionary blockchain technology.

To have in-depth knowledge about the blockchain economy one needs to understand their method of exchange, which is the cryptocurrency. Cryptocurrency is a type of digital asset that serves as a medium of exchange for financial transactions. Cryptocurrencies use blockchain technology to provide transparency and security for transactions of value. Shaping the era of capitalism, blockchain technology is the catalyst for this remarkable feat.

 Blockchain transforming the business

Now that we have made ourselves familiar with the blockchain technology and the economic model using this technology, let’s jump into the applications of the same!

In today’s scenario, evolution in the technological landscape causes a chain reaction in other industries. Almost every industry depends on high technology to conduct and improve its business. Better technology not only saves time and money but also helps to increase productivity and in turn profits for the capitalists which are the end-goal in the era of capitalism.

Blockchains are also referred to as ‘Smart Contracts’, Improvement in the enforcement of the contracts through blockchain is paramount. The contract is automatically enforced and since it requires the approval of all participants the rate of default is almost negligible. Failure to comply with the contract will lead to confiscation of the payment. Replacing the traditional methods of the contract the blockchain sets accountability into motion.

The majority of business houses rely on high technology in their operations given the value it adds to in terms of increasing efficiency and productivity. Cybercrimes are commonplace today and lead to a substantial loss of data and money given the importance of the data in the contemporary. Given the decentralized structure of storage in Blockchain, it provides a more reliable method of holding and securing important data. The information is stored in decentralized fragments making it hard to trace and hack.

Conclusion

With the emergence of cryptocurrencies and the revolutionary changes in the business landscape, the blockchain technology seems to be adding value everywhere given its decentralized and transparent functioning. The blockchain economy emphasizes on creating a more robust network and removing the arbitragers in majority segments who do not hold any intrinsic value but are only functioning due to the informational arbitrage in the economy. The technology also improves security and aims to reduce the cases of cyber crimes given its decentralized ledger construct.

What Are The Fintech Trends That You Can’t Ignore?

Posted on by Imarticus Learning
Reading Time: 3 minutes

 

The fusion of technology with finance brings out the perfect recipe for the exponential growth of the economy. The Fintech industry is setting new heights of what can be achieved through technology when applied prudently. Adaption of Fintech technology is the need of the hour. The Fintech technology not only provides a way to record the transactions securely but also provides convenience and cuts the time taken to process a transaction on a massive scale.

Saving time and securing data are the two by-products that have a lot of impact on our daily functioning. The adaption of Fintech is growing exponentially, in the present scenario the penetration of this technology has been on very deep levels, improving the lives of people in the remote locations as well.

Changes in the financial landscape

Fintech has dramatically improved the financial industry in many aspects. The big players are focusing on customer experiences which lagged earlier before the Fintech start-ups started setting shops in the neighborhood. Most of the banks and financial institutions are coming up with their tech-savvy financial innovations, technology has been a big contributor to employment in this domain.

Artificial Intelligence continues to innovate and evolve the Fintech domain, the Fintech courses are developing a new commerce interface with the help of AI to help ease the banking experience. Robo-advisors and voice feature in banking seems to be catching up with bots being designed to handle and provide the customer with the relevant information online.

The entrepreneurial bug has been a major contributor to the Start-up Ecosystem. With the increase in the number of start-ups in different domains, the need to finance the operations has been immense. Helping those with fund scarcity from investors, the Fintech companies are their go-to guide for financial help. Providing the small and medium-sized businesses with financial aid in their endeavor the Fintech companies are propelling the wheel of the economy.

Banks have started focusing on providing loans and other credits to millennials instead of just well-established individuals. The millennials contribute a substantial amount to the spending economy. The growth of digital wallets and UPI payment methods have helped to ease the cumbersome process of monetary transactions.

Contextual banking has caught up by the storm, the contextual banking model is focused on providing the banking and related services at the right time and the right place to the customer based on the data gathered on customer preferences. This is a major trend in the Fintech domain helping to target the right customer with required services for better revenue generation.

Fintech adoption

The general customer awareness regarding the Fintech Industry is at an all-time high. The rate of adoption on a global scale is more than 60%, people in remote areas who didn’t have bank accounts in the first place have adopted this payment method just because of the convenience it provides when compared to traditional methods of banking and carrying out monetary transactions.

In a world where people have started spending on experiences rather than goods or services, we cannot put a cap on convenience in terms of possibilities and people’s willingness to pay for the same. The applications of Fintech is beyond bounds every new day witnesses a new possibility since we are in the early stage of adoption of the Fintech tool.

Business to Business (B2B) payment system has got a push recently in the Fintech domain, earlier the services were designed to cater to the needs of Customers and not businesses. The B2B payment module is a lot more complex and tied with cumbersome paper formalities, the goal has been to automate the manual process and make it simpler just as for the individual consumers. In addition to this, the focus is also on making B2B lending hassle-free.

Big financial institutions are getting on-board in this Fintech revolution either through a strategic partnership or through investment in the same. Artificial Intelligence plays a crucial role in creating a more robust Fintech space and adding a lot more to this evolution of finance and technology fusion.

Conclusion

The future of Fintech companies will witness an unprecedented level of growth and evolution will follow in the financial domain as it has been linked with technology which is ever-evolving for the better. The general trends show high adoption and acceptance rate for this domain, Individuals, as well as business houses, have decided to hop on this revolutionary technology given the benefits it holds.

For more details, you can also visit – Imarticus Learning and can drop your query by contacting our Live Chat Support system.

Why Open Interconnectivity of Financial Services is The Future?

Posted on by Imarticus Learning
Reading Time: 2 minutes

There are a lot of times when future predictions are made about every industry. So is the case of the Banking and Finance industry.   Banking and Finance industry has been growing consistently but is now experiencing a breakthrough. This breakthrough can be simply translated into two parts:

1. Globalization: Rapid transactions from one territory to another due to import/export of goods and services.

2. FinTechs: An amalgamation of the Finance industry with technology to yield better service and productivity.

This blog is about the second one- FinTechs. FinTechs are redefining the future of banking and finance by creating an ecosystem of faster services and safer transactions. There are a couple of FinTechs which either come as a SaaS or as APIs which can be integrated as and when required to render the right product mix.

To understand which product mix fits the market, there are various institutions which give FinTech courses and FinTech training justifying the demand for knowledge and implementation in the same.

Hence, FinTechs are not just hot topics. Their interconnectivity as API and SaaS comes in the picture while evaluating their scope. Talking about some common APIs in the banking and finance industry, the following are the most demanded ones:

1. 23% – Account and Data Aggregation
2. 16% -Enhanced Credit Scores
3. 16% – Intelligent Financial Management
4. 16% – New Payment Methods
5. 6% – Automated Affordability Analysis

Now talking about how to open interconnectivity of financial services is the future of banking and finance, here are a couple of pointers that will help you to understand the purpose of the integration process in a better way:

1. API Hierarchy: Banks need to constantly experiment with APIs that they want to develop in-house and the ones which they need to get from FinTechs. Such an integration aims to keep the core of the bank constant but at the same time introduce technology in a way that it is helpful to the end-users.

2. Choice and Value for Customers: Many of the private financial institutions strive to maximize value for the customer. Hence an open integration might help them increase their customer base while retaining their existing customers.

3. No Big Players Any More: There are only big players in the financial markets. However, after the coming of FinTechs and API ecosystem, a lot of business has been shifted with the small players breaking a monopoly sort of a structure in the industry.

4. Innovation: With open finance and banking opportunities, the industry can bear the fruits of innovative marketing mix which minimizes the cost and maximizes the value.

Multiple startups are trying to disrupt the whole space with cutting-edge technology and innovations. Hence, there is no doubt about the fact that such an integration of innovation and traditional values of the finance industry would yield better results for the economy as a whole.

Sounds interesting right? The working of markets makes it quite evident as to why the generation must take up FinTech courses and FinTech training if it foresees a future in this industry.

Imarticus Learning is one of the prime institutions delivering FinTech courses to the students. The experienced faculty, cutting-edge teaching methodologies and the right infrastructure at Imarticus Learning make it an obvious choice for students who see a career in Banking, Finance, and FinTechs.

As the icing on the cake, Imarticus Learning is famous for its intensive and immersive training which makes it possible for the student to take courses both online and offline. This makes the courses available to anyone, anywhere. So what are you waiting for? Enroll now!

What Are Some Useful Fintech Applications For Small Businesses?

Posted on by Imarticus Learning
Reading Time: 3 minutes

What Are Some Useful Fintech Applications For Small Businesses?

Modern times have seen the influx of digitalization and NBFCs and banks alike are scrambling their way to adopting modern technology to retain their profit margins and competitive business edge. India’s Digibank or the Kazakh B1NK offer purely digital services and are yet able to give the others a run for their monies.

Blockchain technology and fintech startups have lowered the revenue from traditional banking fees and ease of banking. Thanks to the innovative apps, many mobile-based and usable on the move, banking is slowly transforming into a very competitive field. New-age banking, boutique banks, and Fintech courses are such moves to personalize banking services.

Fintech courses teach you about app-building technologies, programming languages and integration of web, desktop or mobile platforms. Since these technologies are relatively new and have been developed just a decade or so ago there is no dearth of training institutes like the reputed Imarticus Learning to hone your skills. These do a great job of providing trained personnel for these skill-based and in-demand professions while even encouraging startups and entrepreneurship.

Let’s explore very briefly some of the many fintech apps in their respective segments that have revolutionized their niche sectors.

Apps for processing of payments:

The global leader is Paypal where the mobile app clients can use their phones for fund transfers to any global Paypal account using the recipient’s email address or mobile phone number. Due.com  is specifically for small businesses and comes with invoicing services, encrypted safe transactions, digital wallet, and fast operations. iZettle another fintech innovation in apps allow payments through credit cards and wallets from smartphones and can even issue online receipts for them. Mobikwik which is also popular is a user-friendly digital wallet to pay bills, recharges, insurance premiums etc straight from the bank accounts.

Apps for personal loans:

LendUp is a select US areas mobile app for 24/7 short-term personal and instant loans with both mobile and web versions. The users earn points for being active and these are redeemable as an instant loan on the app. Sofi another web app provides wider service with mortgages, personal loans, refinancing loans, student loans, free investments, and online financial products with rates being based on the user profile.

Investment apps:

In wealth management apps like Wealthfront and Betterment are playing the digital financial advisor on the web and mobiles both Android and iOS. You can access various account types linked to specific goals like Fintech courses, retirement, college funds or financial planning, portfolio management and other tax harvesting plans.

Cryptos related apps:

Digitalization and the need for secure and private immutable financial transactions have given way to cryptocurrencies by exploiting the blockchain technology. Bitcoin Checker is a free Android app with real-time prices of all global cryptocurrencies on exchanges like McxNOW, Gdax, Kraken, Gemini, OKCoin, and many others. The Blockchain Bitcoin Wallet leads in popularity and uses a QR scanner to facilitate iOS smartphones and iPhone camera app users to easily send, buy or trade-in bitcoins.

Coinbase’s free Android app or Bitcoin Wallet is very useful in trading, storing, selling or buying of various cryptos like ethereum, bitcoins, litecoins, dash, monero and more. It also provides secure operations, cryptocurrency management and as a Paypal transaction enabler on-the-go.

Customer-friendly mobile banking apps:

Mobile banking apps are a rage and many fintech startups have used this niche to help banks adopt progressive cutting-edge technologies to ensure the best customer service by making their banking operations secure, personalized and effortless.

Citibank’s Citi Mobile is an Android and iOS mobile app that is very popular since it provides the FICO score, allows TouchID access to user accounts, allows for an account glance sans signing in, activation of cards, providing snapshots of Citi Mobile and more. Similarly, JPMorgan Chase’s Chase Mobile and mobile apps of Bank of America and Wells Fargo all personalize their application for optimum use of their customers.

Parting notes:

The applications of fintech which is relatively new are many and can cater to the entire gamut of enterprises small, big, startups and every size in between across literally every sector an app designer could dream of. If you want to keep abreast of the latest technologies and learn more about the blockchain technology then try the Imarticus Learning Fintech courses. They can help make you career-ready and adept at the requisite fintech skills. Why wait?

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

What Are The Best Sources To Educate Yourself About Cryptocurrencies?

Posted on by Imarticus Learning
Reading Time: 3 minutes

What Are The Best Sources To Educate Yourself About Cryptocurrencies?

Blockchains are today’s buzz word and synonymous with cryptos that have affected literally every industry from banking, insurance, the real-estate sector, fintech, and startup sectors. Training is crucial as it helps you to learn the latest skills in technologies that will dominate the future. So, we shall quickly look at the top ten blockchain courses in no particular order of preference.
A bit on the blockchains:
Here is a graphic to quickly help you to understand what blockchains are about and how they sustain the interlinkages of a cryptocurrency transaction.
The best cryptocurrency courses:
1. The Steemit 2.0 Cryptocurrency Course: 
This is where you will learn what steemit is, buy and sell steem, how to use steemit, all about the cryptocurrency markets, and more. You start with the activating your Steemit account and then get paid to blog, acquire followers and launch your professional blogging career. You also learn the rudiments of blockchain courses, cryptocurrencies like the Bitcoin, Steem and how they run on blockchains besides other topics.
2. A 30-minute answer to buying 200 cryptocurrencies: 
This course does offer a 30-minute session where aspirants learn how to trade, sell, and buy-in over 200 cryptocurrencies, Altcoins and Bitcoins. Presently these are traded only through exchanges and platforms used exclusively only for cryptos. Some of the topics you learn here are getting started with Bitcoins, how the blockchain technology works, getting your own crypto wallet, investing, withdrawal and cashing in of cryptos.
3. Introductory course on Bitcoins and Cryptocurrency Trading:
Here you learn all about trading and investing in the Bitcoin, ICOs, and altcoins. The cryptocurrency markets are filled with investors who are unaware of the underlying blockchain technology and its advantages. This course sets those gaps right and teaches you on how to start buying, selling and trading in the ever-risky cryptocurrencies through hands-on practice.
4. Crypto trading for profit 101: 
In this, you will learn to use candlesticks, volume activity, and technical analysis while trading. You will also gain expertise in reading charts, all about day and swing trading transactions, trading in cryptos like the ripple, ethereum, bitcoin, and litecoin, exit and entry strategies among many other relevant topics.
5. An eBook course on Trading and Investing in Cryptos:
CryptoMeister teaches you to use the exchanges to sell, buy and trade in Altcoins, Bitcoins etc, how to Crypto Mine, the analysis and market research involved, investing in ICOs and more through an 8-chaptered video course and its e-book when you enroll for this series of cryptos and blockchain courses.
6. ICO Investing Course 2018:
2018 is all set to transform the ICOs and crypto markets. 2017’s closing seven months saw explosive highs of crypto prices and 2018 promises many new ones. This course will teach you how to build retirement funds and invest in ICOS and quality cryptos since from the many only a few are actually successful and worth investing in.
7. The 2018 Trading Course: 
This one is also about retirement funds and cryptocurrencies with one basic difference. It was started by a trader who had no initial training and understands the value of knowing how to invest and saving yourself money spent in experimenting with disastrous results.
8. The course on Cryptocurrencies and Wallets: 
How do you keep and store your cryptos away from hackers? The course will teach you with examples of Desktop, Paper, Hardware, and Mobile wallets. Learn all about the various types of wallets, their advantages, how to create them and how to send or receive money into your secure wallet.
9. The Fundamentals course on cryptocurrencies:
This video guide and course is meant to help you quickly assimilate knowledge required for crypto markets and its trading activities. You will learn a lot about topics like types of cryptos, how they work, the differences between a coin and a token, Ethereum tokens, and all about the wallets, Monero, Bitcoin, Litecoin, Dash, Ethereum and such cryptos.
10. Australian investment cryptocurrency fundamentals:
This course is about the basics of cryptos and their storing, selling, investing, trading or buying in the Australian crypto exchanges and market. They have comprehensively covered modules on the foundational blockchain technology along with all topics pertaining to cryptos in Australia.
Conclusion:
To trade in cryptocurrencies it is essential to do blockchain courses and understand the underpinnings of the crypto world. While training is best acquired at classroom courses of reputed institutions like Imarticus Learning there are also several routes as mentioned above. The course at Imarticus scores not only because they comprehensively teach you all about the cryptocurrency markets, but because they offer you soft-skills training to make you career-ready. So, hurry and enroll at Imarticus today!

Why Bookkeeping Bots Are An Important Part Of The Fintech Business World?

Posted on by Imarticus Learning
Reading Time: 3 minutes

Why Bookkeeping Bots Are An Important Part Of The Fintech Business World?

Bots can keep your records in various areas of your business and the bookkeeper can integrate the books of the various departments to help you get a complete overview to base your crucial budgeting decisions. No wonder then that the fintech startups focus on bots in record keeping and accounting.

Bookkeeping may be the most boring part of running a business. However, it is the very lifeblood of the startup or business and financial record keeping should never be neglected. Not just from the point of view of compliance or regulations but because it is advantageous in many ways that we are shortly going to look into.

Accurate records of financial transactions are the very same data culled for your forecasts and analysis, budgeting and management. When this is error-free it saves you a lot of time, effort and money in the long run. And in modern times, Fintech courses and data analysis techniques have evolved to a point where bookkeeping can be your best aid in a financial crisis or upheaval. Bookkeeping is progressive, helpful and is a must-do for growth.

Bookkeeping for business analysis:

Let us see how your bookkeeping affects your sense of analysis and business growth. our daily bookkeeping is the essential data that is being generated 24/7for analysis. It is an effective tool in the hands of decision-makers and guides management decisions.

No matter if you are a startup or small business, remember that your financial statements and records are the basis of assessing your financial health and are the first record verified when seeking funds for growth. That can only happen when financial discipline allows you to check at any moment your outflows and inflows of cash, where the returns on your investment have not been productive, or when you need additional funds to spur growth.

The fintech industry has come up with very many Fintech courses and applications to integrate the accounting system into all parts of the business and modern times require even a Botkeeper to man these bots that automatically take care of your bookkeeping, accounting, expenses, loan repayments, schedules of payments and a lot more.

Hence employing bots is not just to technologically innovate your accounting procedures but to give you an integrated real-time view of all areas of your business. Without doubts, the bots who are here to stay can spur you to success and leapfrog your enterprise to the next level.

Bookkeeping and budgeting:

Budgeting in firms and enterprises is not just about reviewing the past and setting aside finances for the future. The integrated process of budgeting with bots allows the analysis of they’re working the data into forecasts, ROI, comparative studies of investment patterns, and even provide clues as to potential risks and areas for improvement.

Effective managements rely on taking timely decisions and ensuring that timely funding is available. This means monitoring your expenses, being able to foresee the risks involved, creating a roadmap for projects and leveraging bookkeeping for growth. Fintech courses also teach you about vital developments like blockchains. The immutable single ledger system maintained by bots gives you the upper hand when budgeting or reviewing managemental decisions.

Bookkeeping and tax preparation:

Keeping track of your taxes, compliance and ensuring adherence to all regulations is another repetitive task that can become very complex and have disastrous implications when neglected. Since bots excel at doing such repetitive tasks, many a fintech startup focuses on applications meant to ease the pain in the area of tax preparation, reporting, and compliance. They are also exploring areas like RegTech which again is dependent on the tasks of effective bookkeeping.

Tax preparation when done manually requires careful scrutiny because of the errors that may creep in when financial records are unavailable, or when the view is too myopic.

Fintech courses are essential for those who keep the books and records because they not only allow you to paint and record the right picture but because they interact technologically with the other parts of your business and affect parameters like productivity, management decisions, growth, and efficiency. Well, that’s why bots take over repetitive daily tasks in business and are so essential for all businesses.

Parting notes:

It is clear that bookkeeping is a must for efficient tax preparation, budgeting, and business analysis. This is what the Imarticus Learning Academy excels in teaching its aspirants making a career in the financial markets. Fintech courses can get you career-ready and set for a unique assured placement. Join the Imarticus course today if you want to gain skills in these crucial areas. 

Why Bookkeeping Bots Are An Important Part Of Fintech Business World?

Posted on by Imarticus Learning
Reading Time: 3 minutes

Bots can keep your records in various areas of your business and the bookkeeper can integrate the books of the various departments to help you get a complete overview to base your crucial budgeting decisions. No wonder then that the fintech startups focus on bots in record keeping and accounting.

Bookkeeping may be the most boring part of running a business. However, it is the very lifeblood of the startup or business and financial record keeping should never be neglected. Not just from the point of view of compliance or regulations but because it is advantageous in many ways that we are shortly going to look into.

Accurate records of financial transactions are the very same data culled for your forecasts and analysis, budgeting and management. When this is error-free it saves you a lot of time, effort and money in the long run. And in modern times, Fintech courses and data analysis techniques have evolved to a point where bookkeeping can be your best aid in a financial crisis or upheaval. Bookkeeping is progressive, helpful and is a must-do for growth.

Bookkeeping for business analysis:

Let us see how your bookkeeping affects your sense of analysis and business growth. Your daily bookkeeping is the essential data that is being generated 24/7for analysis. It is an effective tool in the hands of decision-makers and guides management decisions.

No matter if you are a startup or small business, remember that your financial statements and records are the basis of assessing your financial health and are the first record verified when seeking funds for growth. That can only happen when financial discipline allows you to check at any moment your outflows and inflows of cash, where the returns on your investment have not been productive, or when you need additional funds to spur growth.

The fintech industry has come up with very many Fintech courses and applications to integrate the accounting system into all parts of the business and modern times require even a Botkeeper to man these bots that automatically take care of your bookkeeping, accounting, expenses, loan repayments, schedules of payments and a lot more.

Hence employing bots is not just to technologically innovate your accounting procedures but to give you an integrated real-time view of all areas of your business. Without doubts, the bots who are here to stay can spur you to success and leapfrog your enterprise to the next level.

Bookkeeping and budgeting:

Budgeting in firms and enterprises is not just about reviewing the past and setting aside finances for the future. The integrated process of budgeting with bots allows the analysis of they’re working the data into forecasts, ROI, comparative studies of investment patterns, and even provide clues as to potential risks and areas for improvement.

Effective managements rely on taking timely decisions and ensuring that timely funding is available. This means monitoring your expenses, being able to foresee the risks involved, creating a road-map for projects and leveraging bookkeeping for growth. Fintech courses also teach you about vital developments like blockchains. The immutable single ledger system maintained by bots gives you the upper hand when budgeting or reviewing managemental decisions.

Bookkeeping and tax preparation:

Keeping track of your taxes, compliance and ensuring adherence to all regulations is another repetitive task that can become very complex and have disastrous implications when neglected. Since bots excel at doing such repetitive tasks, many a fintech startup focuses on applications meant to ease the pain in the area of tax preparation, reporting, and compliance. They are also exploring areas like RegTech which again is dependant on the tasks of effective bookkeeping.

Tax preparation when done manually requires careful scrutiny because of the errors that may creep in when financial records are unavailable, or when the view is too myopic. Fintech courses are essential for those who keep the books and records because they not only allow you to paint and record the right picture but because they interact technologically with the other parts of your business and affect parameters like productivity, management decisions, growth, and efficiency. Well, that’s why bots take over repetitive daily tasks in business and are so essential for all businesses.

Parting notes:

It is clear that bookkeeping is a must for efficient tax preparation, budgeting, and business analysis. This is what the Imarticus Learning Academy excels in teaching its aspirants making a career in the financial markets. Fintech courses can get you career-ready and set for a unique assured placement. Join the Imarticus course today if you want to gain skills in these crucial areas. 

New Basic Training Course On Fintech Launched!

Posted on by Imarticus Learning
Reading Time: 3 minutes

Both the technological apps for financial applications and the very process of financial transactions have undergone a sea-change from manual to cutting-edge since the Fintech revolution took off globally. Closer to home, India has been promoting the fintech industry in several ways and has openly declared that it proposes to encourage the sector to develop to its full potential.

Singapore’s Latest Course on Fintech:
The latest fintech training course in Singapore started with 20 students to offer affordable quality Fintech training to bankers, executives and career-oriented individuals. The course is proposed to run monthly with a batch size of 30 participants. NTUC and SFA saw more than 100 participants and job hopefuls take part in the fintech career fair organized by the Institute for Employability and Employment at Singapore’s M-Hotel.

The course has developed with the help of multiple partners like Ngee Polytechnic, NTUC, BFS Union and the Singapore Association for Fintech-SFA. Since most quality Fintech courses are paid courses and need to provide the latest technical and industry-relevant training, the proposed fee is between 71 SGD to 321 SGD after subsidies. They are sponsored by the government for individuals below 40 yrs of age which brings the cost down significantly against the total 1070 SGD (Singaporean Dollars).

The Fintech Course benefits:
·The foundation level program will train new workers and young-career participants to be able to function in the fintech environment and will also help acclimatize them to the fintech environment.

  • The fee is affordable, and participants could take loans from the credit agency SkillsFuture to finance the course.
  • Singapore is expected to see a plethora of jobs and an anticipated sizeable demand-supply gap for personnel.
  • Artificial Intelligence, blockchain, and Big-Data courses can be specialized in after doing the foundational level course on Fintech concepts and fundamentals.

The Indian Scenario:
The governmental curbs to end black-money, the demonetization, the introduction of cheap 4G services by Jio, the mushrooming of Fintech courses, the simplified GST norms, and the government setting aside budgeted funds to develop this sector have been a boost in the arm. QR scanning and app-based banking solutions are currently the norms. The Digital India movement just three years ago in 2016 saw a majority switch to the ease of the UPI platform payments.
India is today the startup leader with Mumbai, Delhi, and Bangalore being the mainstay fintech hubs. There are about 2700 startups and a72 percent adoption rate for solutions for payments with many fintech startups being incubated at Bangalore, the Vizag Valley for Fintech, the T-hub of YES bank and Star Tank by Paypal.
The measures put in place:
Some of the time-boxed initiatives on setting up the Mumbai Fintech hub recently are:

  • Setting up a base for startups and a nation-wide live fintech registry to provide able mentors, best practices and a collaborative environment
  • Setting up accelerators and incubators similar to the corporate accelerators with multi-partner collaborations from reputed agencies NPCI, PayU, Fino Payments Bank, Zone Startups, Kotak, ICICI and Barclay Bank
  • On-boarding of global investors will be showcased at road-shows where small players can interact, tie-up and collaborate in a safe and moderated environment
  • The proposed platform for investors will see buy-side investors and sell-side startups
  • A 3-year scheme of grants has been proposed for fund-creation for such startups, and the fintech industry, where the fund created will be agile and jointly self-managed
  • To ease rental burdens, rental reimbursements to the tune of 4 lac Rs for three years have been offered to 50 such firms already.
  • Fintech education, polishing innovative ideas and talent, and developing excellent coding skills are being focused upon as the verticals of thrust and promotion in a bid to suit the demand for personnel.
  • Innovative Fintech courses are the need of the hour.

Conclusion:
In parting, the fintech industry is rightly at an inflection point. If you wish to have a career in the fintech industry, check out the excellent course on Fintech at Imarticus Learning. It is on-par and way ahead in terms of benefits offered. Certification, assured placements, soft-skill training, and skill-oriented practical syllabi are just some of the key takeaways. Act today!

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

What Are The Career Opportunity For FinTech In India In 2019?

Posted on by Imarticus Learning
Reading Time: 3 minutes

What Are The Career Opportunity For FinTech In India In 2019?

Fintech’s has the potential to transform disruptively each and every industry. Its main originators the crypto market and blockchain technology are active in the hiring process. For terrible market and economic conditions, career aspirants still love a career in Fintech because of its potential and the emerging governmental assistance and thrust for fintech industries.

The present fintech job market:

According to Glassdoor reports, the annual jump in recruitments for this field for August 17-18 was 300% and median salaries paid in India were above the national average salary by a considerable amount! Upwork states that for employers the most sought-after skill was blockchain technology. Even venture capitalists in 2018 have boosted their investments 280% in blockchain industries.

All these statistics are excellent for those who are interested in making their fintech career. Of course, finding the right stable job involves doing Fintech courses / Fintech training to develop your skills, researching jobs, training for interviews and much, much more. It is still worth it at the moment.

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

The top draw fintech areas:

The fintech industries have shown tremendous success in the following verticals.

  • Education and banking segment
  • Advisories
  • Startups and accelerators
  • Logistics, marketing and supply chains
  • Real Estate
  • Sports, insurance, and healthcare
  • Entertainment and media
  • Other verticals: Law, crowd-funding, retail, e-commerce, investment platforms, cryptos, and more fintech startups are also recruiting.

The best job roles:

According to Glassdoor reports, youngsters will find the top US fintech careers in job roles needing an agile approach, seamless role adaptability, ability to work with startup limitations in resources and excellent multi-tasking skills. Marketing and sales, mobile-only apps, content writers, UI/UX and graphic designers, cloud management experts, product engineers, etc are also popular in-demand job roles typical of the fintech industry.

1. Software Engineer: The payouts are in the range of90,000-145,000 USD and in the US Blockstack, Chronicled and Axuall is recruiting.

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

3. Product Manager: The salaries can run from85,000-130,000 USD at companies like JP Morgan Chase, Cynet Corp, and Mediaocean.

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

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

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

7. Legal Counsel: These jobs pay100,000-190,000 USD at recruiting companies like Consensys, Figure, and BitGo.

8. Business Analyst: The payouts here are80,000-105,000 USD at hiring firms like NuArca, Bittrex, and IBM.

The required skills:

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

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

Among the soft attributes required you must include

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

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

Key Takeaways:

High demand for professionals with certifications from Fintech courses makes fintech an excellent career choice. The industry needs professional accountants, managers, analysts, developers, programmers and such to grow and realize its potential.

At Imarticus Learning, you can quickly and easily pick up the practical skills required. Coupled with assured placements and certification this promising technology can disrupt your career and land you a well-paying job with growth and good pay packages. Start your Imarticus course today!

Seven Latest Developments In Fintech

Posted on by Imarticus Learning
Reading Time: 3 minutes

Fintech is everywhere in today’s world that aims at robust development from the way we make purchases to the way we borrow loans. Fintech is a short form of finance and technology clubbed together. Traditional financial services are given a chance by inducing technology into finance leveraging more scope for advanced financial services. Since consumers are adopting fintech at a faster pace, businesses or companies are investing more on fintech.

Nevertheless, fintech, as we observe, has reached the culmination like the other technologies such as blockchain, artificial intelligence, machine learning, virtual reality, and the cloud. Therefore, managing various financial aspects of a firm by outperforming the competition is possible only for a fintech professional who is well-versed in Fintech Courses.

Have a look at some of the key developments in the miracle world of fintech where disruptive technology meets finance:

Investing in digital transformation 

The experience of the customers with non-banking industries, retail and telecommunications have led to increased expectations from banks and credit unions. Access to the digital world has made the customers want for tech-savvy options in financial services. This strains the traditional working model of the financial institutions as more efforts need to be put in to cope with the competitive pressure. Hence, financial industries are investing a lump sum in digital transformation projects to satisfy the expectations of the consumers and to be on a digital upfront.

Application of Blockchain in fintech

Cryptocurrencies like Bitcoin and Ethereum took the world by storm which uses blockchain technology for peer-to-peer transactions and records it in a digital ledger thus eliminates the needs for prominent financial institutions. Blockchain is a transformative technology which poses huge potential grabbing the interest of the fintech industries. Recently, a successful pilot test for cross-border fund transfer from Thailand to Singapore was carried out using blockchain technology from the bank of Ayudhya to Standard Chartered Bank in Singapore. The use of blockchain by financial institutions will help its crowd of subsidiaries have efficient and flexible financial liquidity.

Inducing Artificial Intelligence in fintech

Artificial Intelligence (AI) can process the large sum of consumer data in seconds thereby, AI is leveraged more into the financial service industry more than using it as a cognitive for sales, marketing, wealth management, and investments. Artificial Intelligence is therefore used to work in close contact with many organizations to process and analyze its data using the latest algorithms and arrive at a promising solution for each customer. Its predictive analysis, automated chatbots and accurate decision making have advanced the position of AI from Machine Learning to robot-advisors.

Emerging Digital-only banks

The developments of fintech racing the market have posed a threat to the traditional banks with the dominance of digital-only banks. Thanks to the digital-savvy customers who were the ground reason behind the emergence of numerous digital products from these new players in town. Digital-only players focus on appealing to the masses with their innovative and efficient ideas. Thereby, pressurizing on the traditional banks to offer better and innovative digital solutions for its customers to protect themselves from these disrupters.

Design thinking

Fintech experts suggest that customer-first design should be the ideal key for the businesses who anticipate a positive outcome of UX vision. Clubbing their thoughts and creative engineering leads to an innovative mindset rather than just managing. The immersive UX vision which aims at satisfying the customer experience also benefits other aspects of technology like augmented reality(AR) and virtual reality(VR). A better consumer experience consolidating interactive and gamified experience is provided by using UX design for fintech.

Massive adoption of Cloud 

Cloud adoption in fintech is set to be predominant as more and more cloud in the banking sector is evident. The adoption of cloud in banking is mainly due to its acceleration in time frame enabling increased innovation and responsiveness to the fast-paced changes in the financial service sector. However, the security or user data protection where the earlier barriers for large scale adoption of cloud platform which is not a concern with the present-day highly protective systems.

The merger of physical and digital

Generally, fintech reaches people with access to data more than the ones who do not have access to the internet. To remove such barriers effectively by consolidating physical and digital experience, especially in a country like ours where many people still do not have a reach to the internet, this development in fintech appeals to the masses. Like Canara banks digital banking branch which invariably allows its customers to walk into the branch and use its end-to-end digital experience seamlessly.

Conclusion

The revolutionary developments in fintech have changed the phase of financial services in a robust and efficient way. Thereby, creating more demand for fintech professionals for evolving businesses. Transforming your knowledge by getting insights into Fintech Courses will be an ideal option to flourish in this rapidly moving world of development.

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, Banglore, Hyderabad, Delhi, Gurgaon, and Ahmedabad.