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Tag: fintech course

Why learn blockchain technology? Understand its significance and career scope

Posted on by Imarticus Learning

Overview of blockchain technology

Blockchain is a digital record-keeping system that’s secure and transparent. Instead of being stored on just one computer, the information is spread out across a number of computers in a network. This makes it really hard for anyone to alter or tamper with the information once it’s recorded.

The best part is that blockchain has the potential to change how different industries, like finance and healthcare, handle things. If you want to learn blockchain and know how it’s used, you might want to consider signing up for a Fintech certification course. This course could give you a deep dive into understanding blockchain and its practical applications.

Significance of blockchain technology in various industries

Blockchain technology has gained significant importance in various industries due to its unique features and benefits. Here are three important points highlighting its significance:

Improved security

One key advantage of blockchain technology is enhanced security for data and transactions. Blockchain uses cryptographic algorithms to ensure that data is not tampered with. This makes it highly secure and reliable for industries such as banking and finance. With blockchain, users can have confidence in the accuracy and transparency of transactions. It reduces the risk of fraud and unauthorised access.

Increased efficiency and transparency

Blockchain technology eliminates the need for intermediaries in many processes. It leads to increased efficiency and cost savings. So, multiple parties can access and verify information in real time. This is particularly beneficial in supply chain management. Here, blockchain can track and trace products from origin to destination.

Disruption of traditional industries

Blockchain has the potential to disrupt traditional industries. It offers new ways of conducting business. In the financial sector, blockchain-based cryptocurrencies have emerged. They work as an alternative to traditional currencies. In the healthcare industry, blockchain can securely store and share patient records. Furthermore, blockchain technology can revolutionise voting systems and intellectual property management.

Blockchain is a powerful technology that has the potential to revolutionise many industries. So, it’s time to learn blockchain and take advantage of this technology.

How can one acquire knowledge of this technology?

Here are some ways through which you can acquire knowledge about Blockchain technology:

Educate yourself

Many resources are available online, such as articles, videos and tutorials. These can help you understand the fundamentals of how blockchain works.

Enrol in a Fintech certification course

These courses provide a comprehensive understanding of blockchain and its applications. Look for courses that offer hands-on experience and practical knowledge.

Join online communities

You can join forums dedicated to blockchain technology. This will allow you to connect with experts who can offer insights and guidance. Participating in discussions and asking questions can help you deepen your understanding. You can, thus, stay updated on the latest developments in the field.

How to utilise blockchain knowledge for career advancement?

Learn blockchain and stay at the forefront of this rapidly growing industry. You can utilise your blockchain knowledge to enhance your career prospects by doing the following:

Display your talents

Craft an online portfolio or a personal website that highlights your accomplishments in blockchain projects, your contributions and your skills. This offers potential employers a tangible way to evaluate your abilities.

Stay updated and create a network

Blockchain technology is constantly evolving. It’s crucial to stay updated with the latest developments and trends. Join online communities, attend industry conferences and follow blockchain experts on social media. Networking with experienced professionals can open doors to new opportunities.

Develop soft skills

Work on your people skills like problem-solving, being a good communicator and collaborative teamwork. These qualities are gold for employers no matter what field you’re in.

Explore different industries

Blockchain has applications beyond just cryptocurrency. It’s causing waves in fields like supply chain management, healthcare and more. So, if you’re curious, explore these fields where blockchain is seriously making a splash.

Learn blockchain and unlock the future of innovation

Blockchain technology is revolutionising industries and creating new opportunities for growth and development. By gaining expertise in blockchain, you can stay ahead in the rapidly changing digital landscape. Don’t miss out on this chance to become a leader in the future of technology and innovation. Learn blockchain and unlock the future of innovation with a Fintech certification course.

Imarticus Learning offers a comprehensive and industry-relevant certification course to learn blockchain. Our course provides in-depth learning and practical training. With our certification, you can open up new career opportunities. Stay ahead in the rapidly evolving world of technology and finance. Join us at Imarticus Learning and let us help you achieve your career goals.

Voice Commerce and Virtual Assistants in Financial Transactions

Posted on by Imarticus Learning

In the bustling digital marketplace, the modern shopper and banking customer have evolved, and so have their methods. Remember the days when we relied heavily on touchscreens, clicking through endless options to shop online or navigate through our bank accounts? Those methods, while still in play, are gradually taking a backseat. Today’s digital natives, always on the hunt for efficiency and ease, have discovered the allure of voice commerce.

But exactly what is the voice commerce?

Voice commerce isn’t just another tech jargon; it’s a transformative chapter in the e-commerce narrative. At its core, it leverages voice recognition technology, permitting consumers to engage in a multitude of financial activities. Want to purchase the latest novel, transfer funds to a friend, or invest in a promising start-up? All you need to do is voice your command. No tapping, no typing, just speaking. It’s as seamless as having a conversation.

But how did we transition to this voice-driven realm so smoothly? Enter the stalwarts of voice technology: virtual assistants.

Virtual Assistants: Not Just Helpers, But Financial Companions

Once upon a time, Alexa, Siri, and Google Assistant were primarily our go-to sources for trivial tasks. Need a quick weather update? Want to set a reminder for your meeting? These virtual aides were at our service. However, as technology progressed, so did their capabilities.

Today, these names represent more than just digital helpers. Virtual assistants in banking have seamlessly integrated into our financial spheres, evolving into reliable financial companions. Think about it: with a simple voice command, you can access account balances without logging into a banking app, transfer funds without navigating through multiple screens, or effortlessly clear monthly bills. It is financial management streamlined and simplified!

Balancing Convenience with Security

Every silver lining has a cloud, and in the world of voice commerce, the cloud often manifests as security concerns. However, the fintech industry is nothing if not innovative. 

Voice biometrics is emerging as the guardian angel, identifying the nuances in each individual’s voice, much like fingerprints do. As these systems continually evolve, driven by advancements in machine learning and AI, they’re becoming increasingly adept at distinguishing genuine commands from potential security threats.

Why Financial Institutions Should Tune In

If you’re wondering why banks or financial institutions should lend an ear to voice commerce, consider this:

  • A tailored journey: With AI at the helm, virtual assistants can gauge user behaviours and preferences, leading to uniquely curated banking or shopping recommendations.
  • Streamlined operations: Voice commands minimise manual intervention, translating to significant operational cost savings.
  • Deepening customer ties: Offering a hands-free, streamlined experience is a sure-shot way to enhance user engagement, fostering brand loyalty.

The Student Perspective: Why This Matters

Voice commerce isn’t just a topic for boardroom discussions—it holds relevance for students, too:

Career Opportunities- As this field grows, it will spawn numerous job roles, from voice UI/UX designers to voice data analysts. Students with an understanding of voice commerce will be better positioned to seize these opportunities.

Research and Innovation- Those pursuing research can delve into optimising voice algorithms, enhancing security, or exploring its applications in various financial sectors.

Everyday Applications- Even outside professional realms, voice commerce will become integral to personal financial management. Knowing its intricacies can lead to better personal financial decisions.

Gearing Up for the Future

For students aiming to stay ahead in the fintech curve, delving deep into voice commerce is invaluable. A well-rounded Fintech Course from Imarticus can provide insights, case studies, and hands-on experience in this realm, setting the stage for future innovators.

To Sum Up

For students, voice commerce and virtual assistants herald an exciting phase in the confluence of technology and finance. Embracing and understanding this change will not only enrich their academic pursuits but also equip them for a rapidly transforming financial world. The future beckons, and it speaks in voice commands.

How are online fintech courses reshaping Financial education?

Posted on by Imarticus Learning

The rise of online learning

Online learning has experienced a rapid rise in popularity in recent years. With advancements in technology and the increasing demand for flexible and accessible education. The online courses offer flexibility, convenience, and affordability. This is highly attractive if you do not have the resources to pursue classroom education. The rise of online learning has also opened up new opportunities for professionals. It enhances your career prospects and keeps you updated with industry trends. Online fintech courses have revolutionized the way education is delivered.

Advantages of online Fintech courses

Online fintech courses offer numerous advantages for you. These courses provide flexibility and convenience as you can access them from anywhere. Online fintech courses provide you with the opportunity to enhance your skills. They provide knowledge in the evolving and innovative field of financial technology. Let us see these advantages in detail:

Flexibility

Online fintech courses offer the advantage of flexibility. It allows you to learn at your own pace and at a time that is convenient for them. This is particularly beneficial for working professionals who may have other commitments.

Accessibility

You can access online Fintech courses can from anywhere. You just need an active internet connection. This eliminates the need for students to travel to a physical location, saving time and money.

Cost-effective

Online fintech courses are often more affordable compared to traditional classroom-based courses. There are no additional expenses such as commuting or accommodation. Course materials are often included in the online platform.

Updated content

Fintech is a rapidly evolving field. Online courses are often updated to reflect the latest developments and trends. This ensures that you receive the most relevant and up-to-date knowledge and skills.

Interaction and networking opportunities

Through an online fintech course, you can interact with instructors and fellow students. You can make use of discussion forums, webinars, and virtual networking events. This facilitates knowledge sharing and networking within the Fintech industry.

Career advancement opportunities

Completing an online fintech course can enhance career prospects. It opens up new job opportunities. Employers value candidates who have demonstrated a commitment to continuous learning. Acquiring specialized knowledge in Fintech is an added advantage.

How are online Fintech courses reshaping financial education?

Online fintech courses are reshaping financial education. These are making it more accessible, practical, and cost-effective. These courses provide the knowledge needed to thrive in the evolving fintech industry. Let us look at some of the major aspects:

Accessibility and convenience

Online fintech courses are revolutionizing financial education by making it accessible to a wider audience. These courses can be accessed from anywhere, at any time, allowing individuals to learn at their own pace and convenience.

Practical and real-world focus

Online fintech courses are designed to provide practical knowledge and skills. These can be immediately applied in the real world. The courses are created and taught by industry professionals. Ensuring that the content is relevant and up-to-date. These courses focus on the practical aspects of financial technology. Such skills help to succeed in the rapidly changing fintech industry.

Cost-effectiveness

Online fintech courses offer a cost-effective alternative to traditional financial education. These courses are often more affordable than traditional degree programs or in-person workshops.

Because of remote access, you can save on transportation and accommodation costs. This makes financial education more accessible to a wider range of individuals, including those with limited financial resources.

Master finance in the digital age: Online fintech courses

Taking online fintech courses is a great way to master finance in the digital age. These courses offer valuable knowledge that helps you succeed in the financial industry. Whether you are a professional looking to upskill or starting a career in finance. These courses provide a convenient and flexible way to learn.

At Imarticus Learning, we offer online fintech courses designed for young professionals. They equip you with the skills and knowledge you need to excel in the financial industry. Our courses cover various aspects of fintech. These include blockchain, artificial intelligence, data analytics, and more.

We offer expert-led classes and interactive learning materials. So, you can gain a deep understanding of the latest trends shaping the financial sector. Whether you’re looking to upskill, switch careers, or enhance your existing knowledge. Our comprehensive courses are tailored to meet your specific needs.

Join us today and take the first step towards a successful career in fintech. Visit our website to explore our course offerings. Start your learning journey today!

Decentralised Finance and Synthetic Lending for Finance Professionals

Posted on by Imarticus Learning

Decentralised Finance (DeFi) and synthetic lending are reshaping the financial sector, offering new opportunities for finance professionals. DeFi, using blockchain and smart contracts, empowers users and reduces traditional intermediaries, while synthetic lending enables the creation and trading of synthetic assets. 

With a projected revenue of $64.9 billion by 2027 and a 14.40% annual growth rate (CAGR 2023-2027), these innovations are crucial. For finance professionals, pursuing a fintech certification can provide specialised knowledge in DeFi, blockchain, and synthetic lending, positioning them to excel in this evolving field. Learn more about these core elements of the finance sector in this concise and comprehensive guide. 

What is Decentralisation of Finance (DeFi) in Crypto? 

DeFi in crypto, short for Decentralised Finance, is a revolutionary approach to financial services that leverages blockchain technology to create a system where traditional intermediaries like banks and brokers are bypassed. Instead, DeFi operates directly using digital assets, smart contracts, and other blockchain-related tools, such as oracles.

How does DeFi Work, and What are its Benefits?

DeFi operates in a manner distinct from traditional banking transactions, removing entry barriers for financial activities. It serves as a peer-to-peer lending and borrowing network within a designated network.

Some of the key components that govern the functionality and utility of DeFi encompass and structure its overall ecosystem are:

  • Settlement layer: This foundational layer outlines security protocols and rules. Ethereum, for instance, operates with ether as its native currency.
  • Asset layer: Each blockchain has its unique tokens and digital assets.
  • Protocol layer: It guides smart contract implementation.
  • Application layer: Users interact with the blockchain through this layer.
  • Aggregation layer: Aggregators link decentralised applications (dApps) and protocols, forming the core infrastructure for financial services.

Key Benefits of DeFi

DeFi offers several advantages over conventional financial systems, including:

  • Programmability: DeFi enables the automatic execution of digital financial instruments through programmable contracts.
  • Inclusivity and freedom: DeFi simplifies asset management, reduces fees, and enhances financial freedom compared to traditional systems.
  • Transparency: DeFi operates in real-time, ensuring instant access and transaction verification layers to reduce fraud risks.
  • Asset security: Non-custodial wallets and smart contracts ensure user control and tamper-proof security in DeFi.
  • Interoperability: DeFi protocols are modular, allowing customisation and integration with third-party applications for flexibility.

What is Synthetic Lending?

Synthetic lending or synthetic loans are financial arrangements that simulate the characteristics of a traditional loan without an actual transfer of funds. Instead of lending or borrowing real assets or money, synthetic loans use financial derivatives, such as options and swaps, to create a contractual agreement that replicates the economic outcomes of a loan. 

How does Synthetic Lending Work, and What are its Benefits?

In a synthetic loan, two parties agree to exchange cash flows or returns that mimic the interest payments and principal repayments of a real loan. These agreements are often used in financial markets for various purposes, including speculation, risk management, and achieving specific investment objectives.

It is typically created through derivatives and smart contracts on a blockchain or similar decentralised platform. This is achieved by creating a contract that mimics the performance of the target asset. 

Synthetic Loans enable investors to:

  • Diversify their portfolios
  • Access assets that might be otherwise challenging to obtain
  • Engage in trading and investment strategies without the need for traditional financial intermediaries. 

However, they also come with risks, such as the potential for smart contract vulnerabilities and the need to understand the intricacies of the specific synthetic loan being used.

How is Synthetic Lending Related to DeFi?

Synthetic loans are an integral part of the DeFi landscape, as they facilitate the creation of synthetic assets and the replication of real-world assets within a decentralised and blockchain-based financial system. They contribute to the broader DeFi objective of providing more accessible, open, innovative financial services. 

Synthetic loans play a significant role in this ecosystem for several reasons:

  • Asset replication: DeFi platforms use synthetic loans to replicate the value and performance of real-world assets or financial instruments, such as stocks, commodities, or currencies. 
  • Smart contracts: Smart contracts underpin the creation and execution of synthetic loans in DeFi. These contracts are self-executing agreements that automatically follow the predefined rules and conditions, enabling the replication of assets and the management of loans.
  • Liquidity and accessibility: Synthetic loans enhance liquidity within the DeFi ecosystem, allowing users to create and trade synthetic assets more easily. This accessibility reduces barriers to entry for a broader range of users.
  • Risk management: DeFi users can employ synthetic loans for risk management purposes, such as hedging against price fluctuations in real-world assets.
  • Diversification: Synthetic loans enable diversification of investment portfolios, as users can gain exposure to a wide array of assets without the need to hold each asset individually.

Key Differences Between DeFi and Synthetic Loans

Professional fintech courses will teach you one key aspect about DeFi and synthetic loans, which is, although distinct, both are interconnected. Synthetic loans are a specific application within the broad ecosystem of DeFi. 

The key differences are enumerated in the table below:

Parameters DeFi Synthetic Loans
Scope Comprehensive financial ecosystem with various services, aiming for decentralisation. Specific tool in DeFi, focused on asset replication.
Functionality Facilitates lending, borrowing, trading, yield farming, and more using blockchain and smart contracts. Primarily replicates real assets through smart contracts, often as derivatives.
Use Cases Serves traders, investors, lenders, and liquidity providers. Used by investors and traders for asset exposure and risk management.
Complexity Complex ecosystem with multiple protocols and applications. Simpler subset focusing on synthetic asset creation and trading.
Innovation and Adoption Pioneering financial innovation, ever-evolving. Innovative component of DeFi with a focus on asset replication.
Regulatory Considerations May face regulatory scrutiny due to its decentralised nature. May encounter similar regulatory issues, especially when replicating regulated assets.

Conclusion

The modern financial sector has seen a steady paradigm shift with the introduction of cryptocurrency in the recent digitally-driven age. In this context, the significance of decentralised finance and synthetic lending becomes increasingly apparent. As businesses worldwide embrace the digitisation of their financial operations and assets, these innovative concepts stand at the forefront of reshaping the financial landscape. 

If you are actively pursuing a career in finance, the importance of keeping up with the steady changes in this sector is a mandate. You can achieve this by taking professional financial technology courses that offer valuable insights and knowledge that can help finance professionals navigate the ever-evolving landscape. 

Imarticus Learning’s Professional Certificate In Fintech is one such course that can help you stay updated on fintech advancements so you can remain competitive and enhance your expertise in this field.

Top 5 Most Influential FinTech Leaders in 2023

Posted on by Imarticus Learning

The dynamic world of FinTech is constantly evolving, driven by innovative technologies and visionary leadership. In 2023, several leaders have stood out for their exceptional contributions to this fast-paced industry. The remarkable strides made by these FinTech leaders are not just a testament to their exceptional leadership skills in the FinTech world, but also a source of inspiration for emerging leaders, especially those involved in specialised programmes like the Senior Leadership Programme in FinTech. 

Let’s dive into the stories of the top five FinTech influencers who have left a significant mark on the industry this year.

1. Emilie Choi: Revolutionising Cryptocurrency at Coinbase

As the President and COO of Coinbase, Emilie Choi has been a driving force behind one of the leading cryptocurrency exchanges in the world. Her leadership, characterised by strategic vision and keen investment insights, has helped Coinbase navigate the complex and volatile world of cryptocurrency. Emilie’s journey reflects the transformative impact that comprehensive leadership courses can have on the FinTech industry.

2. Nik Storonsky: Pioneering Digital Banking with Revolut

Nik Storonsky, the Founder and CEO of Revolut, has reshaped digital banking with his innovative approach. Under his leadership, Revolut has become the UK’s most valuable FinTech, with a valuation of $33 billion. Storonsky’s success story is an example of how leadership in FinTech, fostered by specialised programs like the Senior Leadership Programme, can lead to ground-breaking achievements.

3. John Collison: Driving E-Commerce Payments Forward with Stripe

John Collison’s role as Co-founder and President of Stripe has been transformative in e-commerce. His innovative approach to refining and transforming online transaction processes has not only made digital commerce more accessible but also propelled Stripe to an impressive $95 billion valuation. His contributions have significantly reshaped how we think about and engage with e-commerce platforms. John’s visionary leadership style, which has likely been honed and refined through specialised leadership programs, has been a key factor in elevating stripe to its current status as a leader in the FinTech sector.

4. Samantha Ku: Shaping the Future of Payments at Square

Samantha Ku, the COO of Square, has been instrumental in expanding and innovating the company’s payment solutions. Her journey from a struggling graduate to a leading figure in FinTech highlights the importance of resilience and strategic thinking — qualities emphasised in senior leadership programs.

5. TS Anil: Redefining Banking with Monzo

As the Global CEO of Monzo Bank, TS Anil has leveraged his extensive experience to position Monzo as one of the fastest-growing challenger banks. His commitment to financial inclusion and innovation is a testament to the impact that experienced leadership can have in the FinTech sector.

6. Anna Maj: Innovator in European FinTech

Anna Maj, serving as the Senior Advisor for Truffle Capital, has been a formidable presence in the FinTech space, particularly in the European banking and payments industries. With over two decades of experience, she has led the introduction of innovative payment solutions like online payment gateways and digital wallets. Her expertise in open banking and conversational AI demonstrates the advanced skill sets fostered through leadership courses in FinTech.

7. Matteo Rizzi: Fostering Global FinTech Innovation

Matteo Rizzi is a crucial figure in the FinTech realm, primarily due to his contribution as a co-founder at FinTechStage.com. With an experience exceeding 20 years, Matteo has provided the FinTech landscape with significant contributions, bringing innovative ideas and approaches to the forefront of financial technology. Matteo’s involvement in initiatives like Timepledge.org, aiding African entrepreneurs, mirrors the global perspective and innovative approach that is nurtured in comprehensive FinTech leadership programs.

Conclusion

These leaders exemplify the pinnacle of success in the FinTech industry, showcasing the power of innovation, strategic foresight and strong leadership skills. Their achievements highlight the importance of programmes like the Senior Leadership Programme in FinTech, which equip professionals with the necessary tools and knowledge to excel in this dynamic field.

Elevate your career and join the ranks of these esteemed FinTech leaders by enrolling in the Senior Leadership Programme in FinTech from ISB Executive Education. This program is your gateway to gaining deep insights, strategic leadership skills and a rich network within the FinTech industry. 

Don’t miss this opportunity to shape the future of finance and technology — enrol now and begin your transformative journey.

From Monolithic to Microservices: The Transformative Journey of Backend Development in 2023

Posted on by Imarticus Learning

Welcome to what’s next in backend development! It’s 2023 and lots have changed. We’ve gone from big, clunky systems to small, efficient ones. At this juncture, the primary focus is on making the job flow smarter and easier. In this article, we’ll dive deeper into this universe and learn how to keep up in this ever-changing environment. Plus, we’ll see how to make your backend developer skills even better.

The Old Way: Getting to Know What We Came From

To understand this massive change, it’s key to know where we started. In the past, we made apps using a big, one-piece system. It was easy to develop and launch, which was good. But, it had some drawbacks. As the app got bigger, it got more complicated. It became harder to manage. Launching updates took longer. Also, it was harder to make it work better with more users.

The New Way: Backend Development in 2023

Small, separate parts, or microservices, are the future. Apps are no longer one big piece but are broken down into many small pieces. These pieces work on their own but also work together to make the function more seamless.

This approach is like building with blocks. Each block can be made, launched, and improved on its own. This has a lot of upsides. It’s easier to solve problems. Apps can work better with more users. Plus, new features can be added more quickly.

Making the Change: From Big Systems to Small Ones

Moving from big to small might seem scary. But, it doesn’t have to be. There are tips and tricks to make it easier.

Start Small

Don’t try to change everything all at once. Take it slow. Start by making a small part of the app into small, separate parts. This way, you can learn as you go and adjust if needed.

Plan for Problems

With many separate parts, there’s a chance one might stop working. So, plan for this. Build your system in a way that can handle these problems easily.

Manage How Parts Talk to Each Other

This is key. It’s about making sure the separate parts can talk to each other and share data. This is needed for the app to work well.

Creating the Parts: The Building Blocks of Your App

Each part in a microservices system is made for a specific job. This way, each part can work and change on its own. It’s important to make these parts the right size. If they’re too big, you won’t get all the benefits. If they’re too small, you might end up with too many parts and it could be hard to manage.

Managing Data: Separate but Together

Going from big systems to small ones can be tricky. One problem that occurs is managing data. In a big system, there’s one place for data. But in a system with many small parts, each part has its own place for data. This makes each part independent.

But it also means you have to think about how data is shared. You have to make sure the data is the same across all parts.Keeping Things Safe: An Important Focus Area in Small Systems

In a system with many small parts, keeping things safe is really important. Each part can be a way in for bad guys or malware. So, it’s important to have strong safety measures. These measures should be in each part. They could be things like checking who someone is, what they’re allowed to do, and improving the firewall.

Checking If Things Work: Backend Developer Skills

Checking that a system with many small parts works can be tricky. This is because of how the parts work together. It’s important to check each part on its own. But, you also need to check that all the parts work well together. Using automatic checks can be really helpful.

Always Updating: Staying Up-to-Date

In a system with many small parts, updates happen a lot. So, always updating and adding new parts is important. This helps manage all the changes. It makes adding updates fast and easy. This means less time when things aren’t working. It keeps your app up-to-date.

Stay On Top: Make Your Backend Developer Skills Better

The world of backend development is changing. Your skills need to change too. Keep up with the newest ideas. Learn about microservices structure. Understand how to work with APIs and containers.

Be a Backend Development Leader in 2023

Ready to stay on top in Backend Development in 2023? Begin your adventure now. Join the Full Stack Developer Course from Imarticus and polish your backend developer skills. This course gives you everything you need to become successful in this field.

Go to Imarticus and sign up right away! Your future as a great developer is waiting!

Fintech Lending: Disrupting Traditional Loan Processes

Posted on by Imarticus Learning

Fintech lending is transforming the financial industry by offering efficient and faster financial services than traditional loan processes. There are estimates of the global Fintech lending market reaching almost $4,957.16 billion by 2030, with a CAGR of 27.4% from 2021 to 2030. 

With the growth of the Fintech industry, digital lenders use data analytics technologies or cutting-edge AI technologies, disrupting the traditional loan sector. To subsist in the tech-heavy competitive market, traditional lending and financial institutions must learn financial technology and Fintech lending. 

Let us explore Fintech lending, its way of working and how it is disrupting traditional loan processes. 

What is Fintech Lending?

Fintech lending uses digital solutions and technologies for facilitating lending processes. The process uses APIs so that lenders can take informed and quick lending decisions. The services include business loans, peer-to-peer lending and different tools for finding the best loan. Payments are great with Fintech as customers experience secure and fast transactions on their mobile devices. 

With Fintech, lending opportunities are higher as lenders with poor credit scores can also apply and get loans. API connections accelerate the processing times so that timely fund access is available for peer-to-peer lending and small businesses. 

Fintech companies have revolutionised lending using data analytics and AI. For streamlining payment processes, they use various kinds of digital media including mobile wallets, online bank accounts and e-commerce accounts. There are minimal scopes of fraud and borrowers get timely access to the funds. 

Fintech lending lets lenders apply for different financing solutions from any part of the world. This is a self-reliant and initiative-taking approach to money management. 

Innovations and Trends in Fintech Lending and Credit

Let us take a look at some of the innovations and trends in Fintech lending and credit:

  • Alternative credit scoring

Fintech lending and credit use different data sources for ascertaining the creditworthiness of a customer beyond traditional credit scores. Alternative credit scoring uses different kinds of non-traditional data like social media behaviour, payment history and other online activities for assessing credit risk. 

Therefore, businesses, as well as individuals with no or limited credit history, have credit access, thus expanding financial inclusion. 

  • Micro-lending and digital wallets

One of the most popular Fintech lending and credit solutions is none other than mobile wallets or digital wallets. With these wallets, customers can borrow, store and transfer money digitally. 

Micro-lending provides small loan amounts for a short span of time. This lending is facilitated through digital wallets. People with a limited credit history or belonging to emerging markets can access credit through this process. 

  • Online lending platforms

In the Fintech space, online lending platforms, which are also called peer-to-peer (P2P) lending platforms, have become immensely popular. Through these platforms, borrowers can connect directly with investors. There are no financial intermediaries in between. 

Online lending platforms assess credit risk by using data analytics and various kinds of algorithms for determining loan pricing. This is the reason, they can provide lower costs, faster loan approvals and improved transparency compared to traditional lenders. 

  • Blockchain-based lending

Blockchain technology offers a transparent and decentralised ledger for transaction recording. Such lending platforms reduce fraud, remove the need for intermediaries and improve transparency in loan transactions.

Smart contracts (they are self-executing contracts) are recorded on the blockchain. This helps in automating repayment terms and loan agreements.  

  • Open banking and APIs

In open banking, businesses and consumers can share their financial data securely and safely with authorised third-party providers. This is a great innovation in Fintech lending and credit. 

Application Programming Interfaces (APIs) provide integration and data sharing between different service providers and financial institutions. This aids in improved risk assessment, quicker loan processing and improved customer experience. 

  • Machine Learning (ML) and Artificial Intelligence (AI)

When you learn financial technology, you must have good knowledge of cloud computing, ML and AI. A Blockchain course is also useful. There is extensive use of Machine Learning and Artificial Intelligence in Fintech lending and credit for automating processes, making accurate credit risk assessments and analysing huge volumes of data.

Virtual assistants and AI-powered chatbots are used for processing loan applications and offering customer services. On the other hand, Machine Learning algorithms help in predicting credit risk and analysing borrower data.  

  • RegTech for credit risk management 

RegTech or regulatory technology is an excellent Fintech solution for credit risk assessment. Regtech solutions use automation and data analytics for ensuring compliance with various regulatory requirements. These include KYC regulations, anti-money laundering regulations, and so on. 

With this technology, lenders can assess their credit risk while complying with various regulatory obligations. 

Fintech Aids Value Addition to The Lending Industry

There is no second thought that Fintech has brought a revolution in the lending industry by providing borrowers with more choices and access. Moreover, Fintech offers innovative financing solutions to customers as per their needs. 

With the advent of Fintech, small businesses as well as P2P groups have access to convenient funding for improving their financial well-being. Such funding also helps them in operating independently. 

Fintech lenders use data for offering capital to a wide range of borrowers. At the same time, they can maintain safe lending practices, making a more competitive market. 

In Fintech, the lending process is streamlined thus reducing the time and cost of lenders and borrowers alike. Borrowers can now receive fast cash with minimal hassles during loan application. As a result, the Fintech industry is expected to experience massive growth in the coming years. 

Conclusion

It is needless to say that the Fintech industry is developing new fronts to cater to more customers. By using various Fintech platforms you have faster access to credit along with lighter underwriting and quick processing times. As this sector is new and developing, there are ample job opportunities opening up as well. 

If you want to make a career in the Fintech industry, you have to learn financial technology in the first place. Undertaking a Blockchain course along with knowledge of cloud computing are an added advantage. 

Imarticus Learning is a great platform where you can pursue a Professional Certificate in Fintech in collaboration with SP Jain School of Global Management. An excellent course, students can have an in-depth understanding of different aspects of Fintech along with strategic and practical training on technologies like Blockchain, cloud computing, API, Machine Learning, Artificial Intelligence, RPA and IoT. 

Enrol in the course now and transform your career!

Visit Imarticus Learning for more information. 

How blockchain is transforming the realm of fintech: All you need to know

Posted on by Imarticus Learning

A blockchain is a simple digital ledger that records transactions and assets in a business network. They are digital identity systems that provide an impenetrable theft-proof digital safe that benefits enterprises with their security systems. Cryptocurrencies, a trend which bloomed not so long ago, are a part of blockchain. 

Blockchain project ideas

In the realm of financial technology, new companies are emerging on a daily basis with new modern methods like cloud computing to do business. They realise the impact of blockchain, which is causing transformation in the fintech industries. They are also aware that blockchain can digitalise the entire fintech sector by saving time, cutting costs, and reducing human errors and overall involved risks.

Impact of blockchain on fintech 

  • Crypto lending

One of the factors linking blockchain and fintech industries is crypto lending. It means that an individual can lend his/her cryptocurrencies to any other individual and borrow some from them, too. Crypto lending users act as a medium through which one is connected to the financial market, where they can buy and sell cryptocurrencies. It also serves as a safe passageway to transfer assets. Learning more about these financial technology courses can give you an edge in the coming times.

  • Auditing

Audits provide credits to financial statements and make shareholders believe that their accounts are safe. The main reason auditing is a part of blockchain is that it reduces the cost of monitoring and helps auditors control information. This is just one of the primary benefits of blockchain auditing.

  • Cost

Blockchain, being a digital ledger, doesn’t require multiple people working on it. Notably, it cuts almost 50% of the company’s expenses. There is a saying in the fintech market, “time is money”. Blockchain technology once again proved itself to be the most popular and relevant change in the fintech industry.

  • Digitalisation

Blockchain truly can transform the entire financial technologies sector through digital methods. 

Nowadays, banks are fully aware of blockchains’ benefits and capabilities and prefer these digital methods to the old traditional ones. This is causing people to explore all digital options available in the market to act as a safe passageway for their transactions

Advantages of blockchain in finance

Blockchain has an immense advantage in the financial industry, some of which are listed below:

  • Reduced risks

Blockchains use an algorithm called a cryptographic algorithm to record transactions. This algorithm is paving the way for financial institutions to reduce risks whilst making a transaction. Adaptation of blockchain reduces the risk of fraud by removing all third parties and intermediaries. 

  • Transparency

Since blockchain is a digital ledger, it can be accessed by multiple devices at multiple locations at the same time, which makes all the viewers view the same thing resulting in full transparency. It provides its consumers full control over their information, and the doubt of a company hiding something from its customer is completely ruled out.

  • Capital optimisation

Since blockchain provides its consumers control over their information, making them independent of doing things on their own, additional operating costs for banks are reduced. Its digital nature requires no human to be employed to look after the account, thereby saving a great sum of money annually.

  • Enhanced security

Blockchain’s cryptographic algorithm is a complex security system. It stores information in the form of blocks, which, once created, cannot be altered again, making the account end-to-end encrypted and fraud-proof. Every new block that is created to store information is connected to the previous block, making it impossible to crack.

  • Reduced human error

Human beings are prone to errors. As blockchains are digital, after encoding the data, it’s next to impossible to alter it as the block that stores the data is permanent and can’t be changed. However, blockchains are not absolutely impervious to errors due to outdated data, network time-outs, internet problems, etc.

Conclusion

Finding the best financial technology courses that teach more about applications and help build a career in data analytics and/or bag a great fintech job opportunity may be confusing. However, at Imarticus, you are sure to find the best fintech courses in India. Check out the SP Jain fintech course.In these unique fintech courses, Imarticus offers fintech knowledge through hands-on training from industry experts. Projects involving technologies like cloud computing, real-world case studies and valuable interactions with fintech entrepreneurs are also given the utmost attention. 

Is fintech the key to your next successful career move?

Posted on by Imarticus Learning

Fintech or financial technology can be defined as technology that aims to automate and improve the delivery and usage of financial services. Mostly, fintech is used to help business owners, consumers and companies manage their financial processes more efficiently by using specific applications and software that are widely used on smartphones and computers. 

Initially, the term fintech was used for the technology appointed at the back-end systems of financial institutions. However, since then, there has been a sudden shift towards more consumer-based services. Thus, we now have a more consumer-based definition. Imarticus’ fintech program can help you apply your skills in not only the financial sector but also industries such as retail banking, education, investment management and nonprofit organisations.  

What is fintech and how is it used?

Broadly speaking, the term “fintech” is applicable to any kind of innovation in the ways people have business transactions, starting from the double-entry bookkeeping system to digital money. Because of the smartphone and internet revolutions, the fintech industry has grown immensely. 

Fintech describes a number of financial activities like taking a loan using a smartphone, money transfers, managing investments, etc., without the help of a person. Fintech was originally referred to as the usage of computer technology which was applied to trading firms or banks, and now, it is described as a huge variety of technological involvements in commercial and personal finance.

Postgraduate Program In Machine Learning And Artificial Intelligence

The most funded and spoken-about fintech startups have some common characteristics. They are designed in such a way that they can be a threat to take over the traditional service providers by serving the deprived section of the population or providing better services. Here are some fintech examples of how it is used:

  • Cryptocurrency and blockchain

Cryptocurrency is an exchange medium and it is used as a measuring unit. It has little value but is used as a measuring unit to value other assets. Blockchain is an immutable shared ledger that is responsible for tracking assets and recording transactions. Also, it is used to reduce fraud.

  • Mobile payments

Mobile payment is a payment that is made through an electronic portable device like a cell phone or a tablet. Usually, payment services require the user to open a bank account and/or have a payment instrument which is linked to the concerned bank account in order to pay merchants online. 

  • Crowdfunding

The usage of capital in small amounts from many people to support a new business idea financially is known as crowdfunding. It uses the easily accessible vast networks of different people through the use of social media and other websites which brings entrepreneurs and investors together. Crowdfunding creates opportunities for many entrepreneurs to gather a large amount of money from anyone who has the amount and is willing to invest.

  • Stock trading

Stock trading traditionally refers to any kind of selling or buying of stocks, but, colloquially it means a short-term investment that is made by active investors. Actually, stock trading is quite a risky and difficult enterprise, but with good knowledge, one can lower the risks and work. The selling and buying of shares of companies result in daily changes in their prices. 

  • Fintech savings and investment

In recent years, there has been an explosion because of fintech in the domain of saving and investing apps. Many companies have broken down the investment barriers. Every app is surely different in its approach, but all of them use a set of automated small-amount investing and saving methods.

  • Fintech lending

The usage of financial technology that helps lenders make more informed and faster decisions is known as fintech lending. This includes the usage of different sources of data that helps to measure the risk in lending and connecting different digital platforms that improve the data by sharing speed.

What is the future of fintech?

The streamlined offerings combined with technology are what enable fintech companies to work more efficiently and help in cutting down the costs that are associated with transactions. Fintech innovations have really influenced traditional banking, trading, financial advice and many other aspects predominantly. For these reasons, traditional banks are now paying attention and they have heavily invested in becoming like companies which disrupt them. 

New technologies, for example, artificial intelligence (AI), machine learning (ML) and data-driven marketing take up the habit or the guesswork of financial decisions. Learning apps not just learn the users’ habits but also engages users through learning games. Fintech is also an adapter of customer service technology using AI interfaces and chatbots to assist customers. 

Conclusion

For becoming a master in fintech, there are many financial technology courses that one should surely check out. Imarticus offers one of the best fintech courses in India. This course will definitely open a lot of doors with great opportunities in this sector. So, gear yourselves up to get enrolled in this fintech course.

Fintech: Advancing from practice to performance

Posted on by Imarticus Learning

Fintech: Advancing from practice to performance

Financial Technology is also termed Fintech. This is a new term as this technology has been recently formulated. This new technology assists customers to receive financial benefits and deliveries instantaneously. Fintech addresses almost all aspects of finance. From updating bank transactions on a simple mobile application to making decisions regarding investments and stocks, it is all possible with the help of Fintech corporations and services.

Fintech is one of the most valuable discoveries of the modern era. It is rapidly taking the place of traditional methods. Hence, this arena is offering lucrative career opportunities to young people. Online Financial Technology courses will guide individuals and assist them to commence a successful career in Fintech.

Is Fintech growing in India?
Recently, the E-commerce sector has seen rapid growth in India. Hence, it is creating numerous job opportunities and lucrative offers for freshers as well as skilled experts. Few Fintech job opportunities include marketing, sales, research, operations, management function, business development, etc. A certificate in finance and technology will help you to land one of these jobs.

What are the top job opportunities in Fintech?
There are innumerable job opportunities in the field of Fintech. An individual can apply for any of these Fintech jobs according to their skills and knowledge. Here is a list of top Fintech jobs:

Cryptocurrency and Blockchain Developer- Blockchain technology has given birth to cryptocurrencies. This is an electronic log that records data and assists people to make secure transactions. Apart from transactions, one can manage payments, records and contracts using cryptocurrencies. Currently, the craze of blockchain and cryptocurrency is at its peak. Hence, there are many job vacancies in this arena. As a Cryptocurrency and Blockchain Developer one needs to know about cryptographic, P2P, data security, coding languages and concepts of UI/UX. Apart from these, a Cryptocurrency and Blockchain Developer is responsible for combining algorithms, hyper ledger technology, blockchain solutions and using Ethereum.

Cybersecurity Analyst- Companies are rapidly opting for cybersecurity to safeguard their sensitive data from cyberattacks. Hence, organisations are steadily recruiting Cybersecurity Analysts. Their responsibilities include safeguarding the computer system and confidential data, as well as tracking and fixing loopholes to prevent further attacks. They also have to execute various investigations to build an action strategy.

Data Scientist- In the present-day scenario, companies are finding it difficult to interpret data. As analysing and interpreting data is a complicated task so many companies are hiring Data Scientists. The main task of a Data Scientist is to collect raw data and polish them so that beneficial information can be extracted. Their duties include managing storage and integration. And they also generate models and algorithms. Besides, they are responsible for creating the final reports of management.

Artificial Intelligence (AI) Engineer- These IT professionals are in charge of building algorithms that are capable of forecasting, learning and estimating the future. They must be well-versed in Machine Learning or Deep Learning and Artificial Intelligence to create machines with human reasoning. An AI Engineer must know programming languages like C++, Python, Java, etc.

Financial Advisor- It is one of the most important job roles in the Fintech field. As an advisor, they have to study the company’s finances so that companies can make rational commercial decisions. Financial advisors must supervise the financial history of the company and accounting background to create an accurate forecast. This prediction includes future expenses and incomes.

What are the eligible skills for Fintech Jobs?
To be a successful Fintech expert one must possess certain skills. Those required skills have been enlisted down below:

The most important skill one must have is communication skills. They must know how to interact with their teams, clients, brokers, traders and heads of the company. An expert must know the art of adaptation and flexibility. This skill of the expert will open doors for new creativities and successful start-ups.

Along with these skills, a Fintech expert must have collaborative skills. A team needs to work together to find the final solution. Hence collaborative skills will help to grow you as a Fintech expert.

Do Fintech jobs reimburse high salaries? 
Fintech jobs are one of the highest-paid jobs in India. Hence, people are applying for jobs in this field. Here is the remuneration for a few job roles:

A Data Scientist earns about INR 8,74,045 per year in India.
A Machine Learning Engineer in India earns INR 7,44,260 per year.
In India, the average income of a Blockchain Developer is INR 8,09,417 per year.

Conclusion 
Imarticus offers one of the best Fintech courses in India. These courses will open doors for alluring opportunities. So without any delay get yourself enrolled in one of these Fintech courses to bag excellent job vacancies.