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Tag: fintech course online

What is SaaS in Cloud Computing?

Posted on by Imarticus Learning

Cloud computing has opened up endless possibilities for businesses to implement in their operational activities or services. Before cloud computing, companies had to maintain the IT infrastructure themselves and use in-house hardware to support their services, which was both expensive and tiresome.

With cloud service providers like Google, Amazon, and Microsoft becoming increasingly lenient with the pricing in respect to the services they are offering, many companies have been shifting to cloud-based platforms. Notably, it is much more cost-effective for companies to use SaaS products from third-party providers instead of having their own architecture.

Cloud Computing courseSaaS stands for Software as a Service, fundamentally being applications, services, and platforms hosted by third-party companies. These are generally subscription-based and are accessible to users across the globe, being highly scalable, as compared to software that is bought and then installed in systems.

Further, a career in fintech or business technology requires individuals to know all about SaaS and other cloud computing solutions. Thus, good financial technology courses or well-reputed fintech courses online are definitely recommended for interested individuals. Read on to know more…

What Benefits does SaaS bring to Cloud Computing and Businesses?

SaaS has many advantages that it brings to the table for businesses across the globe. To understand how SaaS products truly work and how business processes benefit from them, one must join the best fintech courses in India. However, some of these benefits are common across all platforms and very valuable. Let us look at them one by one:

  • SaaS is cost-effective, not requiring maintenance, and being much cheaper. SaaS products, generally, are offered in pay-as-you-go subscriptions which only require businesses to pay as long as they use the service. There is no long-term commitment or massive investment required.Strategy analysis
  • SaaS training is scalable and provides many accessibility benefits. SaaS makes software and services mobile or portable, meaning that multiple employees or customers across the world can access them parallelly.
  • It provides support for integrations and constant upgrades. There is the easy availability of APIs.
  • The top cloud services provide data safety and security which ensure that your business processes or client/customer data is never compromised.
  • SaaS removes the need for IT infrastructure, IT departments, or even powerful hardware and servers.

Types of SaaS Products offered by Cloud Providers

From products that help manage finances to the ones that let teams collaborate and work on files, cloud services provide everything to users. If one wishes to learn more about cloud computing products that businesses can use, then the best fintech courses in India or other reputable fintech courses online can definitely help. Here are some of the types of services, software, and applications which cloud service providers offer as SaaS products:

  • Enterprise resource planning software
  • Customer relationship management software
  • Billing software
  • Sales management software
  • Document management software
  • E-mail services and integrations for marketing
  • Collaboration software or team services
  • E-commerce software

SaaS products open up more opportunities for smaller or more local companies, allowing them to enjoy the benefits and services that big companies experience. SaaS is also one of the most focused upon methods of providing services to multiple users. And, with cloud computing picking up pace incredibly fast globally, SaaS products are becoming one of the most preferred choices for many companies.

If one wishes to pursue a career in fintech, then good financial technology courses such as MBA in fintech offered by Imarticus can definitely help you move forward with your dreams.

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 🙂

How is The Ethereum Blockchain Different From The Bitcoin Blockchain?

Posted on by Imarticus Learning

How is The Ethereum Blockchain Different From The Bitcoin Blockchain?

You don’t need to attend a blockchain training or fintech course to have heard the names Ethereum and Bitcoin. These two names are very familiar to anyone who has been observing the blockchain and Fintech technology. Even though these two cryptocurrencies are based on the blockchain, there are few fundamental differences between them. This article will shed some lights on the specifics of each blockchain and show you what makes them different.
 Bitcoin: The Uncensored Money
The Bitcoin was invented by Satoshi Nakamoto in 2009. The primary objective of Bitcoin was to provide a peer-to-peer electronic cash system which will replace the traditional banking system. As a part of making things simple, the bitcoin’s protocol or Bitcoin’s blockchain was made just well enough and perfect to store, handle and perform transactions. Basically, this Bitcoin blockchain is a worldwide shared ledger that ensures easy transfer of value in the form of bitcoins. It means, unlike the traditional money, you can skip the part of seeking permission from banks or governments for sending money to anywhere in the world.
There are thousands of bitcoin nodes on the bitcoin’s blockchain that are able to verify the legitimacy of each payment. They eliminate the need for any third party in transactions. In simpler words, this blockchain doesn’t care who is making the transaction. It doesn’t care even if you are human or machine.
Ethereum: Not Just Money
In Ethereum, the blockchain technology or the Fintech courses is utilized to create applications beyond just supporting a digital currency.  Even though you can transfer value through it, Ethereum is not purely digital money. Ethereum can carry out transactions just as Bitcoin’s blockchain, but it is not limited to that. The primary difference between these two blockchains is Ethereum’s ability to store and execute newly coded programming logic. Using this facility, you can create smart contracts and DApps in Ethereum.
A smart contract is a computerized transaction protocol that takes place in terms of a predefined contract. In simpler terms, a smart contract executes “if-this-then-that” condition coded on to it. You can use Ethereum’s native programming language, Solidity to write smart contracts that are completely decentralized. You can eliminate the escrow services and intermediaries through this. Some of these intermediaries are Uber, freelancing platforms like Upwork, Airbnb, OYO, and eBay. Due to this facility, Etherum is also known as programmable money.
In other words, we can call Euthereum as a decentralized programmable blockchain-based software platform. To enable value transaction, a cryptocurrency named Ether is employed in this system.
Conclusion
So, now we understand that Ethereum is an advanced use of the blockchain. The bitcoin also uses blockchain technology but these two are never in competition with each other. In a general point of view, the purposes of these two blockchains are completely different. They can coexist and find solutions for many problems we are facing today. However, reports are suggesting that Bitcoin is developing other capabilities of Ethereum. When that finally happens, the comparison between them could be more competitive.