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Tag: Fintech Certification

4 Trends That Will Rewire The Inner Workings Of The Fintech Industry

Posted on by Imarticus Learning
Reading Time: 3 minutes

 

Fintech has become the umbrella term for technological infrastructure in the liquidation of fund assets in the capital markets, payment processing, modern digital payment lanes, and such applications of hardware and software. The last two decades especially have seen many fintech entrepreneurs innovate and fill the gap for effective, fast and cheap solutions in wealth and financial transaction processing.

Agile entrepreneurs now find they can create space for greater innovation based on blockchains which itself is one of the biggest trends in the financial and technological developments of the last decade discovered through the emergence of cryptocurrencies. Here are the top four trends that can create space for greater innovation directed at rewiring the Fintech industry’s innards. No particular order of importance is present in evaluating these trends which are all equal and depend on how each one is exploited for maximum gains.

1. Quantum computing

The binary code based of modern computers interprets as zeros and ones where the binary digit is reflective of a deactivated or activated binary state. Quantum computers use this as a basis which takes advantage of quantum-phenomena such as superposition and quantum entanglement to turn performance levels into super- or quantum computing thus transforming costs, performance and lower energy utilization costs.

Modern times and developments are using quantum computing to help with risk and performance modeling, processing and settlement of transactions, better security and faster data processing. IBM’s quantum computing tools are being used by Barclays and JP Morgan according to Cabling.

2. Artificial intelligence.

Robotics and AI are doing repeatable tasks better than the humans with technological advancements resulting in faster processing, better user experience and lower overall costs. AI and advanced quantum computing technologies have the potential to minimize the costs of advisors and vendors in the financial industry. Technology will develop and continue to optimize information access while reducing costs and providing better returns and more effective programs.

Pacific Wealth Solutions uses AI and quantitative computing to monitor and analyze investments in wealth management, insurance, etc with excellent ROIs and solid returns. AI also offers a very practical Regtech tool to manage risks in the portfolio while taking care of regulatory compliance. AI has tremendous scope for improvement in the fintech industry where recent developments like blockchains are being used in tandem for faster, more transparent, decentralized financial transactions at little or no fees.

3. Cryptocurrency, blockchains and decentralized financing.

DeFi-Decentralized financing was ushered in by the blockchains and cryptocurrency entry. The open protocols worked well for MakerDAO on an Ethereum platform, when selling the Dai decentralized loans and the Nexus Mutual insurance product as an alternative to slow traditional banking and dealing with financial institutions.

Consensys, Chargezoom, TomoChain, and Stably are exceptional performers who have been successful in using applications that are decentralized, zero-fee, blockchain-enabled and transparent alternatives to traditional finance technology. Stablecoins akin to cryptocurrency are not volatile and are smart answers to everything between the margin loans and smart custody. Even Facebook intends to introduce its own stablecoin that can be used for trading for goods on e-commerce platforms and brick-mortar establishments too.

4. Payments platforms:

Fintech trends prove that the platforms of payments processing are the buzzing trend of their foray into the financial sector. We have smartphone users preferring one-click payments on Google Pay, Apple Pay, and Samsung Pay. States The New York Times, Facebook is planning to come out with a coin. Integrate this with the e-commerce stores like Alibaba, Flipkart, and such and the Shop in Instagram feature and there can be no doubt that such platforms are here to stay. The banks are not taking things lying down and are looking to upgrade at the earliest to derail the foray of private players in the banking sector which has held control over this field for long.

Conclusion:

Whether you are an entrepreneur or a career seeker, Fintech is the answer to being technologically abreast of developments in an evolving and financially satisfactory career. If you want to exploit the advantages of open finance, quantum computing, AI tools, then the fintech industry is at disrupting. Do a Fintech Course and blockchain technology at the Imartcus Learning Institute to emerge career ready. Start your dream career today!

What Kind of Jobs Should Young Business People Look For Blockchain Startups?

Posted on by Imarticus Learning
Reading Time: 3 minutes

Blockchain technology is the emerging darling of 2018 with hopeful industries incorporating it willingly. It has the potential to transform disruptively and every industry. However, the cryptocurrency markets shed almost 79 percent of their capital and the field is dogged by regulations and legal hurdles as of now.

The present fintech job market:

For terrible market and economic conditions, youngsters still love the fintech career in the blockchain field because of its potential and the emerging thrust for fintech industries. The crypto market from where it originated seemingly has had no impact on the hiring process and scope for the blockchain segment.

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 a course to develop your skills, researching jobs and the job market, 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 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.

The top draws:

According to Glassdoor reports, youngsters will find the top US Fintech career jobs in Blockchain firms are:

1. Software Engineer: The payouts are in the range of 90,000-145,000 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 100,000-160,000 USD

3. Product Manager: The salaries can run from 85,000-130,000 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 pay 100,000-190,000 USD at recruiting companies like Consensys, Figure, and BitGo.

8. Business Analyst: The payouts here are 80,000-105,000 USD at hiring firms like NuArca, Bittrex, and IBM.

9. Cryptocurrency Community Manager: The job has a median payout of 35,000-95,000 USD at companies like Zeus Protocol, Dolare and Crowdcreate.

Parting notes:

In spite of a bad start, the blockchain industries are hiring and investing in the capital of human nature. Training in blockchain technology and certifications are popular with reputed institutes like Imarticus Learning.

Whether you love coding or are just looking for jobs in the next big sector try doing a Fintech course on Blockchain technology to launch your fintech career. Put your best foot forward with them for a successful career. All the best!

How is Fintech Changing Business Models Across the World?

Posted on by Imarticus Learning
Reading Time: 3 minutes

How is Fintech Changing Business Models Across the World?

Meet the darling of the 20th century. Fintech! Using technology innovatively in the financial sector to increase efficiency embodies the definition of the two worlds of technology and finance married forever by Blockchain technology!
Apparently, the term has been around for long. However, since 2015 it has emerged the thrust area affecting banking and any industry which is financial transaction based. Most early startups in the sector will be mature by 2020 and the trend is worth watching out for. We are going to view how the business models have changed and in what areas we can expect newer startups to emerge.
Importantly, fintech training is also an area that has seen much growth and even certification of skills. Any emerging sector brings with it the well-paid jobs due to the demand for personnel. And this will continue to grow over the next decade making it a wonderful career to start off with. Of the many institutes and academies available, Imarticus Learning has been the forerunner with a reputation for reputed and certified practical training that has been consistently providing personnel for the fintech areas.

Banking business model changes:

Banking has been the one industry that guardingly embraced blockchain technology, Fintech Courses, etc and has emerged the better for it. Let us study the impact of fintech on this business area. What impacts this area will also touch the way we deal with money and is good for a host of industries like

In the processing of payments:

Payfirma – The early runner started in 2011 introduced mobile-phone card readers to Canada and has since expanded into merchant accounts processing.
Stripe – The partnership with the famous Apple Pay mobile payments on the Apple Pay app the firm innovated mobile and app-based check-outs using tech that is biometric thumbprint triggered and secure and works through the iOS digital wallets.
Square – introduced the card-swipe technology for mobile-payments and has emerged the most popular blue-eyed startup in the sector.

Alternatives to lending:

Rather than lengthy loan applications and processing today fast, insta-loans are available online alternatives today for the traditional banking sector.
Lending Club – the 2006 peer-to-peer marketplace for lending marketplace had a rough time but is immensely popular even today.
Prosper – The earliest innovator this fintech startup of 2005 is also similar to Lending Club and had to wade through industry regulations and changes b, Prosper is the first FinTech company of this generation as well as the first peer-to-peer growing up to its present stature.
UpStart – really changed the unsecured personal loan segment. Started by Googlers it makes your credit history, educational background, and work experience into creating loan opportunities with better rates of interest and repayment.

Wealth and investment management advisories:

Chatbots and robot-advisors revolutionized the accurate and timely customer service and advisory areas using ML to match and sift through large data volumes while advising or serving customers.
Wealthfront – targeting the novice and first-time investors do have an investment amount of 500 USD and do not charge any fee for managing investments up to 10,000 USD.
Betterment – the path-breaker for automated investments has an easy-to-invest process for beginners and investors guided through a transparent and full-automated online process. The fee is a bare minimum and it does not have any minimum investment limits.

Other areas:

In the beginning, IT meant the server-room and Fintech Training today has become anything to do with financial transactions and technological innovations for it. Cybersecurity, Regtech, risk, and compliance management have all been touched with fintech innovations making the processes involved data accountable and accurate. Storage has shifted to cloud-based servers and online banking the norm of digital payments. Mobile phones and the common man popularly use UPI, Paypal, QR scanners like Paytm today.

Pay packages:

The fintech sector is similar to the banking sector we can take IB salaries as the benchmark for scope and payouts. In the US the financial analyst in fintech and IB had an average salary of 84,300 USD as reported in 2017 by the BLS. The BLS predicts 11 percent growth in FA positions between the decade starting 2016.
Payscale reports the IB and fintech FA salary is an average salary of 508, 855 Rs for a fresher. The salary components can vary between 177,560 to 1,545, 630 Rs while the bonuses can vary with contract negotiation from 2,517 to 524, 023 Rs depending on your skills and performance.

Conclusions:

Fintech offers many opportunities such as advisors, accountants, account managers, treasurers, analysts, business analysts, etc. If you wish to take on fintech training, consider Imarticus Learning for their super certification and assured placements when starting your career. Hurry! The early birds to find the worms. For more details regarding this, 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, Hyderabad, Delhi, Gurgaon, Delhi, Gurgaon, and Ahmedabad.