The Vast Scope of Cryptocurrencies Beyond Bitcoin

Cryptocurrency is becoming a global phenomenon, although there is vast unexplored potential. There are thousands of cryptocurrencies that exist, but most of us only know about Bitcoin. 

While Bitcoin has out-performed many other cryptos, but others are safer to invest and learn from. This post gives you an idea of how cryptocurrency is more than Bitcoin and changing the landscape of Fintech and other industries.

Crypto and Bitcoin:

Cryptocurrencies have existed since the 1980s, but most people learned about them after the advent of Bitcoin. Founded in 2008, Bitcoin has taken us on a roller coaster ride of epic proportions and created many “new rich” since its inception.

While only a few know where Bitcoin in the future, some experts believe that Bitcoin may acquire value in the coming years, but it’s doomed to fail. This prediction calls for learning related to Bitcoin, the other types of cryptocurrency, and how they revolutionize various industries.

Some Ways Blockchain is Revolutionizing FinTech

Blockchain technology is best known as technology fortifying cryptocurrency. Bitcoin, Ethereum, and other 4000 cryptocurrencies operate via blockchain, making it one of the most vital innovations in finance. Here are four ways blockchain is revolutionizing fintech.

Creation of digital ledger 

Through time-stamping every transaction and chronological recording, blockchain digitally logs the life cycle of money as it flows. This is important to the banking and accounting industries, as it improves the efficiency of record-keeping, reduces the amount of time and costs involved in manual ledger-keeping.

Protection against fraud

Being decentralized, no one has control of blockchain and can’t be altered. This means a blockchain can log a complete, unchangeable financial record of every transaction, offering huge protection from fraud. Blockchain provides more accountability and eliminates chances of scams.

Removal of third parties

Due to heightened security errors, third parties are impossible in a blockchain because of a decentralized network. Transactions on a blockchain are automatically validated, and you get rid of every layer and pay for what matters.

Democratize money management

The most strategic use of blockchain in fintech has been cryptocurrencies, which allow holding money without a bank. The digital wallets have a private key needed to send and spend crypto and a public address to receive payments. No bank is holding the money!

Blockchain, Cryptocurrencies, and MBA programs

The cryptocurrency craze has brought around many Fintech courses, ranging from blockchain and crowdfunding to peer-to-peer lending and Robo-wealth-managers. Among the popular demand is, of course, blockchain at the top of must-learn lists.

Fintech courseIf you’re a FinTech enthusiast, you don’t want to be caught napping while competitors gain an edge through up-skilling. To be a professional, well-versed in fintech, you need to look for banking and finance courses after graduation, courses related to Trade finance or Financial Accounting that enhance your knowledge of Blockchain. 

MBA online education and online courses in blockchain tech and cryptocurrencies can boost your knowledge on the subject.

Imarticus offers MBA online education with course frameworks with in-depth learning on subjects like Financial Accounting, Trade finance, Blockchain, and cryptocurrency. Industry experts design the programs to gain better business insights, communication skills, domain expertise, and management skills.

If you’re looking for a banking and finance course after graduation, with an aim to land in the Fintech industry, Imarticus has excellent offers. To learn more about Financial Accounting, Trade finance, and Blockchain courses, go through their course catalog today!

Related Aticle:

https://imarticus.org/want-to-start-a-fintech-career-heres-your-ultimate-guide/

Lets Learn about Consumer Behavior Mapping Techniques In FinTech And Digital Banking

Introduction

With the internet and focus on digitization, the fintech (financial technology) industry is also evolving. One of the massive changes that have emerged in this industry is the use of digital transaction portals. The entire BFSI sector has transformed, integrating modern cutting-edge technology with Digital banking solutions to meet the evolving needs of customers. A prime observation noticed among modern customers is that they are increasingly moving towards transactional mobility. This demand has compelled the BFSI industry to form an all-round interaction with the customer and provide banking services using the power of Financial Technology.

Need for Consumer Behavior Mapping

Due to mobile phones being accessible all around the world, consumers have more access to information and diverse services. This naturally means that there is more competition among financial institutions as they try to improve their customer base.

In the current digital world, a customer can choose from a diverse variety of financial services, and since there is no limit on providers, they can also mix and match their financial service providers. Also, there can be difficulty in identifying whether a customer is demanding a financial service online or not since many customers do not actively choose a financial platform based on their need but on a need demanded by another service provider.

It is clear that the current customer base is more technologically educated and information-savvy. Hence, it is important that innovative ways are used to understand the customer thoughts, the trends in the market and understanding the reasons behind a product decision. Analyzing financial behavior and tying it with a range of demographics can help in understanding trends in customer behavior. While big data analysis can be a great way to understand this trend, traditional methods like interviews, online surveys, offline studies can help too. 

Fintech and the changing financial scenario 

In 2020, the world almost stood still with the COVID-19 pandemic. As most physical forms of transactions came to a halt, the fintech market emerged strongly. By automating financial services and improving on digital customer experience, banks and financial institutions were able to interact with customers and provide them the necessary services even during a COVID-impacted scenario.

Indian banks started integrating Blockchain, Cloud Computing, RPA, Data Science and Analytics, AI, and Machine Learning to understand customer requirements and upgrade their services to provide the best experience to them. Implementing advanced financial technology in several banking areas can help build and retain a strong customer base.

After all, Fintech relies a lot on customers and how they interact with Banking services. As future customers become more tech-savvy, fintech will continue to evolve and its role will be stronger in the financial systems of our country and the world as a whole.

EndNote

As Fintech becomes a part of our lives, BFSI industries should start adapting to the changing scenario and understand ways to map customer behavior. Mr. Mujib Mundewadi has been kind enough to offer a 2-hour long Masterclass on the topic.

He has had around 25 years of experience in the banking sector and has worked with investment negotiation, financial structuring, cross-border taxation solutions, and finance strategy too. MBA aspirants, BFSI professionals, Finance Management and New Age Banking aspirants, Fintech aspirants, and consumer Behavior Enthusiasts can attend this Masterclass.

Let’s involve and invest in such a valuable lesson on fintech and customer behavior mapping. Register Now.

SP Jain Fintech Certification Your Career Needs!

The modern world is revolutionized by technology and much of its services are taking the digital route. Financial systems have also gone through a similar makeover. And, technology and finance have integrated to form fintech. Notably, fintech disrupts traditional financial structures and brings in the integration of technology into the financial structure through software or a digital ecosystem. 

Currently, India has one of the highest adoption rates. The value of digital payments in India was $65 billion in 2019 and it is expected to grow at a CAGR of 20 percent by 2023. So, without much further ado, let’s get into the important and interesting field of fintech and how a Fintech Course is just what you need to give a boost to your career. 

Fintech certification Course

Current uses of fintech

Currently, fintech is in high demand in the job market. Fintech is integrated with several other technologies like artificial intelligence, data analysis, blockchain, and robotic process automation. These technologies can help to identify fraud, measure credit scores, streamline workflows, and secure cryptocurrency transactions and storage.

As the world is moving towards digitalization, applications of fintech are increasing and entering into areas like crowdfunding platforms (Kickstarter), regulatory technology, insure-tech, and mobile payment platforms. 

Benefits of fintech career

There are numerous benefits of pursuing a fintech career: 

Finance Technology – The Future:  With the rising tide in this sector, a fintech course is the present and will remain as the future of the industry. With the world changing in every aspect and the invention of new technologies, fintech will start evolving more and more.

So, planning a career based on the future can be the right move with the minimal risk of failure. As per a 2017 report, 95 percent of financial services were looking for a partnership with fintech. And, India also has the highest ROI in investments in the fintech industry (going up to 29 percent, which is higher than the global average of 20 percent). 

The abundance of jobs: Fintech is one such sector in the job market that has a wide number of job opportunities. Apart from having a stable job, one gets to navigate the numerous sections of this niche. A fintech career can help you get jobs in several roles.

You can opt to become a fintech innovation consultant. Under the role of a fintech innovation consultant, you can take up several areas to work on. You can work as a marketing consultant or a strategy consultant which will help you promote or integrate startups with fintech solutions. 

You can also take up techno-functional analyst roles to analyze existing problems within a structure where important financial data is being transferred to the finance team. Fintech innovators can also act as consultants to help manage risk and develop innovative solutions to seamlessly integrate fintech and startup managements.

Besides, you can take up the role of a product manager who would use innovative concepts like integrating DevOps and Scrum into the system and set the direction for startups to optimize their costs and increase productivity.

Another role of any fintech specialist could be UI/UX designing. Since it is important for a website to be intuitive and optimized for any customer engaging with the fintech ecosystem, a proper UI/UX design can help build that relationship and promote a healthy fintech ecosystem to work with. 

Job security due to a variety of interdisciplinary subjects: One of the most important things essential in a job is the security it gives. All the career choices in the fintech sector have high job security with exceptional perks and benefits.

This is because the role of a fintech specialist involves an understanding of AI and ML systems, blockchain, and data analysis. All these specializations are booming in the current tech world. So, fintech specialists can be quite flexible with their job options. 

Fintech course by Imarticus

Imarticus Learning in collaboration with SP Jain School Of Global Management has come up with an excellent course specially customized and tailored for students who wish to make a career in fintech.

SP Jain Fintech Certification CourseThis sophisticated yet simple Fintech course gives students a substantial grasp from the very basic roots to the advanced features of fintech. Specialized subjects like cloud computing, blockchain, and artificial intelligence (AI), are taught to students so that in the future they can implement them in real-life applications. 

With a great future ahead, fintech is turning out to be a lucrative career option. So, why not take a chance to grow in this brilliant field with cutting-edge technology and shine in life. Wait no more, become a part of Imarticus, and be ready for the future. 

Where to Find Your Next Affordable Fintech Course?

Fintech (Financial Technologies) is rapidly transforming a plethora of industries today. From wealth management to mobile banking, investment apps, blockchain & cryptocurrency, Fintech innovations are improving various spheres of the financial sector by introducing new methods and automating the traditional ones.

By integrating artificial intelligence and data science, fintech companies make financial services fast, secure, and efficient. The innovations are expanding to numerous territories of businesses, resulting in a wide expansion of this industry.

Careers in Fintech

As the industry is swiftly evolving, so are its career opportunities. Fintech offers a range of exciting job roles to people with a knack for finance and technologies. People with creative abilities and planning and research skills are a great fit for a valuable career in the fintech industry.

Some of these careers include:

  • Product Manager
  • UI/UX and Graphic Designer
  • Data Scientist
  • Cloud Management
  • Product Engineer
  • Business Analyst
  • Blockchain Developer
  • Compliance Expert
  • Cybersecurity Analyst, etc.

Courses in Fintech

To pursue a career in Fintech, one needs to have in-depth knowledge about this industry. For this, you can do a Fintech course.

Fintech coursesThere are many Fintech courses in India offered by different institutes. These courses will teach you the basics of Fintech and the current trends and practices in the financial service industry which will increase your chances of getting a job in this industry.

Though these courses are important, a lot of them can fall too heavy on your pocket, creating hurdles in your path to becoming a Fintech professional.

If you are looking for an affordable Fintech course that offers you comprehensive guidance on all the concepts and practices of Fintech, then Imarticus is the right choice for you.

Imarticus Learning – Fintech Courses

Imarticus Learning is a leading technology-led educational institution offering pro degrees and certificate courses in a variety of industries. For Fintech, Imarticus offers two programs namely-

  1. Fintech pro degree in collaboration with Rise Mumbai
  2. Fintech certificate course in association with SP Jain School

The programs dive deep into the concepts of Fintech and provide students clarity on several areas such as analytics and machine learning, robotic process automation, blockchain, design thinking and experiential learning, etc.

Fintech Pro Degree Program

The Fintech pro degree program is a 125-hour online program that follows an industry-centric curriculum thoroughly. Some of the modules of the Fintech pro degree are:

  • Batch Launch
  • Introduction to Fintech
  • Fintech for Managing Capital: Allocation of Capital and Insurance
  • Fintech for Managing Capital: Access to Capital
  • Fintech for Managing Capital: Management of Capital

Fintech Certificate Course

The Fintech courses Online is available in two modes- Core and Pro. The core program will be of 100 hours duration and the pro program will be of 140 hours.

The core program will cover a broad spectrum of Fintech concepts with group mentorship. Some of the modules of this program include:

  • Introduction to BSFI & Fintech
  • Digital Transformation & PRA
  • Cloud Computing & API Economy
  • Blockchain & Beyond

The pro program is focused on providing extensive knowledge with individual mentorship. Some modules of the pro program are as follows:

  • Payments – Consumer & Wholesale
  • Use of Technologies in Payments & New Business Model
  • Lending – Consumer & Wholesale
  • Use of Technologies in Lending & New Business Model

The fee for the Fintech certificate course is:

Core: INR 2,00,000

Pro: INR 3,00,000

For better affordability, Imarticus Learning offers students three different options to pay the fee which includes;

  1. Full payment with a 10% discount, that is,

Core: INR 180,000

Pro: INR 270,000

  1. Interest-free education loan with EMI starting from as low as INR 16,667 per month.
  2. Payment of fee in two installments.

Perks of Pursuing Fintech Programs with Imarticus Learning

Imarticus Learning offers students unique Fintech pedagogy, industry partnerships, access to their Fintech community along with the certificate/degree of the course on completion. Join today to secure your successful Fintech career!

How The Fintech is Transforming Everyday Life?

What is Fintech?

The Finance industry has undergone some massive transformations to improve the delivery of financial products and services to customers. The evolution within the financial services industry has been nothing less than phenomenal. One of the most impactful developments in this segment is the Fintech sector that has totally revolutionized the banking and finance industry.

Fintech is the amalgamation of finance and technology that helps to overcome all the challenges of the traditional banking sector. Fintech is among the most rapidly growing industry and the Best Fintech Course in India is in huge demand in the contemporary.

Fintech career

The Fintech industry is all about leveraging cutting-edge technology to solve traditional banking problems and help with financial inclusion. It is generally used by businesses to manage their day-to-day financial operations and processes.

It initially denoted the use of technology on the backend of financial institutions but slowly developed into a new segment altogether that is more effective in providing financial solutions to businesses and individuals. From retail banking to fundraising and investment management it includes all major aspects of banking and financial services.

Impact of Fintech on everyday life

Now that we have a fair idea as to what the Fintech segment is all about, let’s delve deeper into how Fintech is transforming everyday life.

Easy banking solutions

Gone are the days where people used to take a day off to conduct their banking-related activities. Long queues are a thing of the past and now one can easily avail all the banking features from the comfort of their home using their smartphones. Fintech has simplified banking and changes the way we operate altogether.

From making online payments for e-commerce purchases to availing loans with just a few clicks, Fintech has simplified our lives by transforming the banking segment. Personal banking-related services have been much more efficient and convenient to avail. You can even check your financial data at any time of the day.

Blockchain & Cryptocurrency

Cryptocurrency will shape the future of the finance and banking industry. The core technology at the heart of cryptocurrency is blockchain. Blockchain first became evident to the world when Bitcoin was introduced. Blockchain has other significant uses in the finance industry related to security and other purposes.

A cryptocurrency is a form of digital money that uses cryptography to secure transactions. Digital currency makes the transfer of wealth far easier between two parties. The highly decentralized nature of blockchain makes it almost impossible for users to cheat the system and carry out any fraudulent transactions.

Affordable investment advisors

The Fintech industry uses cutting-edge technology to overcome traditional financial challenges. Traditionally the investment advisory services were limited to high net worth individuals and businesses. A major reason for this was the high-fee structure of investment advisors.

The growth in the Fintech sector has made Robo-advisors more accessible and affordable to provide advisory related services by using sophisticated algorithms. Robo-advisors have shown significant improvement and perform equally well. In the coming future, more companies will deploy Robo-advisors to provide investment guidance to customers on a large scale.

Fintech is among the most rapidly growing industries as the demand for Fintech products and services is on the rise. Fintech provides a better way to do financial transactions and also does it economically saving time and money both for the customers.

Fintech careers are among the most sought-after career options in the contemporary and the demand for Fintech professionals will continue to grow in the near future.

One can opt for a Fintech course from reputed institutions like Imarticus Learning and gain practical knowledge and skills to excel at the job.

Fintech Career

Imarticus Learning also provides a job assurance to the candidates with the top players in the industry.

A New Era of Fintech With Customer Engagement!

The term fintech is an amalgamation of finance and technology. Thus, when financial institutions use technology to offer financial services, it reflects the fintech course of functionality. According to EY Global Fintech Adoption Index, India has the quickest growing fintech market with an 87% adoption rate. Other countries have an average of 64%, which is comparatively lower.

Recently, RBI shifted focus towards fintech industries by creating a special department that only caters to this. By 2026, the digital payment market is estimated to reach $10.7 trillion and make the economy cash-free. Policymakers are making online payments safer to build trust among customers.

How is India growing the fintech course?

The most trustable financial institutions are banks. Thus, when banks collaborate with growing fintech companies, customers are more likely to trust them too. Many growing companies in this niche approach banks to work hand in hand. If approved, they have a massive consumer base to expand their market. Moreover, when banks collaborate with such financial institutions, their joint expertise can make customers’ lives easier.

Secure digital payments

Due to strict guidelines set by the Reserve Bank of India (RBI), digitally running financial companies have to enable high security for payment processes.

Secure digital paymentsThe most crucial part is keeping customer data safe. Cyber threats are constant challenges, so strengthening payment gateways is a priority.

The companies must create awareness to educate their customers about making safe digital payments. They must give details on how to protect their information. Moreover, doing this can make them more reliable for their customers.

Tech providers use API-based systems to ensure complete security. They incorporate features like tokenization, risk-based authentication, and interceptors to maximize safety. These features safeguard customer’s personal information from cyber threats. As India is rapidly growing in terms of digital payments, such security measures need to work efficiently.

Increasing digital transactions for rural areas

Since the pandemic began, people became a lot more conscious about payments. More and more like to use payment wallets instead of carrying cash or cards, to limit touch. However, India’s rural areas still prefer dealing with cash instead of digital modes and depend on local banks for their regular financial requirements. Some of the crucial reasons behind these are:

  •       Lack of education and technical know-how
  •       Limited digital infrastructure
  •       Fewer merchants using digital methods to accept payments

In such a situation, fintech companies can play a significant role by associating with local banks.

Increasing digital transactions for rural areasThey can provide infrastructure for digital payments and increase awareness among rural consumers to build their trust.

The co-operative financial institutions can help merchants incorporate online payments in such places. They also need to widen possibilities by educating them about offline payment solutions like QR codes and PIN. Such features can work in areas with poor internet connectivity. Thus, these measures can help co-operative banks upgrade faster and offer complete security.

Modern banking improves experiences for end-users

Just how digitalization makes things easier and quicker, customers expect financial institutions to keep up with the pace. As a customer, you will want the fintech course to be personalized and hassle-free.

Fintech CoursesOn one hand, RBI makes sure that digital payments became more secure and keeps fraudsters away. On the other hand, finance companies strengthen their technology base to provide seamless solutions.

With artificial intelligence, machine learning, and Big Data, the companies understand their customers closely. They can serve them in real-time and offer instant solutions.

With robust API solutions and top-notch security, the financial institutions aim to provide a high success rate for online payments. Thus, these measures will enhance customer experience and make money management more effortless.

 

Is Working from Home Fintech’s ‘New Normal’?

Many organizations had not even imagined about running a business with their employees working remotely from the convenience of their homes. Work from home was considered as a privilege to selected profiles at unavoidable circumstances.

Yet, it was looked down as a less productive arrangement as the employers presumed many household distractions that could hamper the productivity of the employee. However, there is a tectonic shift in these concepts after the COVID-19 hit the world.

Many weeks into the remote working arrangement, companies have started to realize that they can maintain productivity with their employees working from home. The perception that employees would relax at home while working from home rather than concentrating on their work has completely changed. This could bring a major shift in the structure and design of fintech courses in the future.

Benefits of Working Remotely

The most noticeable benefit is that the remote working arrangement is that companies can access talents from different geographical regions. Companies have started thinking that they don’t want to restrict their talent pool to any specific geographical area. This could be highly motivating to those who are planning to enrol in a fintech course.

Many companies have felt that their employees are working dedicatedly even while working remotely. The fact that even many weeks into the lockdown, there isn’t any drop in productivity. This has led to many companies now willing to test this model going forward, even after the lockdown. This arrangement has shown to improve the morale and motivation of the employees.

Tools Required for Remote Working

Companies have started using digital tools to create a virtual work environment. The teams are staying connected with tools like Zoom and Slack for video meetings and communications respectively. Many companies have enabled SSL VPN to ensure a secure network. Other popular tools are Hangout, Microsoft Teams, Trello and Google Docs.

Challenges of Remote Working

The data protection is the biggest challenges faced by organizations. They are not encouraging employees to store data locally. Small fintech might find it still feasible to provide work from home facilities to their employees; big organizations with hundreds of employees or more are still working out their ways to cope with this new arrangement. They are looking at cloud-based solutions to ensure a seamless transition of office model to work from home arrangement. If remote working becomes a new normal, this could be an area of focus for fintech courses.

Dealing with cyber fraud and malicious acts remain a serious concern for many fintech and banks. This has led to many fintech companies considering investing in reliable cybersecurity tools.

Many companies have introduced working with calendar system to ensure transparency and to know how their employees are spending their days and what are they working on at a given point in time. This will also help companies to monitor how long an employee takes to finish an assigned task. This has helped increase productivity. Daily, weekly, and monthly updates are also helpful to monitor the team output.

In some ways, remote working is benefiting the fintech. Many banks have now come forward to join hands with fintech companies to partner with them at different stages of the customer journey. They are actively looking to shift their non-branch-based functions to remote workplaces.

Along with employees, fintech companies must take care of the needs and convenience of their customers as well. Many fintech companies have created lighter versions of their tech services so that their customers can use them on lower bandwidth.

Conclusion

Fintech companies can implement seamless working from home arrangements with effective communication and with collaboration tools. Many companies have already found a workaround to facilitate remote working for a longer period. Many have said that they would consider moving a higher percentage of their workforce to remote working post-lockdown. However, it is too early to comment if work from home will be the new norm. However, many companies are planning to keep this as a possibility, even though it greatly depends upon the government rules.

What is Blockchain Course?

Blockchain is a growing chain of cryptographically linked blocks or records that are resistant to modification. It records every transaction and thus, it is an open, transparent ledger of transactions between two parties. The sequential list of all the transactions is permanent, with each block linked to the previous block with a hash, timestamp, and details of the transaction.

This feature makes blockchain highly resistant to manipulation and attack. This explains why cryptocurrencies like bitcoin use blockchain to record transactions.

How Is Cryptography, Blockchain And Hyperledger Technologies Related?

Simply explained, cryptography is securing a private message to ensure its confidentiality. Only the intended person can read a cryptographically secured data. As a third party won’t be able to find the keys to decode the message, no one other than the intended people would be able to understand the encrypted message. It involves encrypting and decrypting content using various methods and encryption keys.

How to Become a Blockchain Developer?

The primary responsibility of a blockchain develops optimizes blockchain protocols, and to develop build smart contracts. To become a blockchain developer, you need to enrol in a blockchain course.

This is because you need to be adept at certain technical skills to become a blockchain developer. One needs to master certain concepts like cryptographic hash and distributed ledger etc. self-learning could be tedious, so it is always better to take up some blockchain courses to give a boost to the learning process. co

To master the blockchain development process, you should have a good grasp of data structures. Many blockchain developers explore tweaking data structures and combine them with cryptography to develop fool-proof and secure systems. Most popular data structures are Petrecia and Merkle trees. Data structure and blockchain are two inseparable concepts, and learning blockchain, beyond any doubt, is incomplete without having learned data structure.

You might have already understood the importance of cryptography in blockchain development. Cryptographic methods are used to develop digital signatures.

It is also used to develop crypto contracts or smart contracts, which is a computer contract that involves and controls cryptocurrency transactions under certain controls. Smart contracts became popular post Ethereum release. Most of the businesses

Smart Contract Development

Smart contracts caught attention post Ethereum release. Businesses across the world are now keen to integrate smart contracts into their systems to benefit from the application of business logic. Hence, developers striving to get into the blockchain field should learn about smart contract development. For this, you need to get a good grasp on languages such as Chaincode, Viper, and Solidity.

Web-Development
Another important skill to master as a blockchain developer, web-development involves the development of front and as well as back end functions including building interactive graphic interfaces. Blockchain developer should also be able to handle API and requests.

Let’s now have a closer look at the types of blockchain developers.
To understand what responsibilities do a blockchain developer handle, you need to know the various functions associated with it. Contrary to what you believe, the career possibilities of a blockchain developer are not only about building blockchains. There are multiple job layers.

Backend Developers
Common job roles of a backend developer are:

• Designing and developing Application Programming Interface (API) to integrate blockchains.

• Designing software and handling everything from testing to deployment and render technical support.

Blockchain Project Managers
Project managers are responsible for blockchain-specific, yet wider job roles. They need to handle a wide spectrum of responsibilities ranging from:

• Developing decentralized applications and maintaining them.
• Blockchain project supervision
• Advising on ICO structure
• Understanding the requirements and designing apps that could cater to their business requirements.
• Training of team members if required.

Smart-Contract Engineers
To become a smart-contract engineer, you need to know languages such as Solidity, Go and Python.

• Developing smart contracts and regular auditing to find loopholes
• Ensure security
• Conduct business process testing

Blockchain course helps you learn the basics of blockchain and cryptography. Training helps you decide which aspect of the technology you wish to focus on. There are a variety of courses emphasizing on various aspects of blockchain development.

To decide on which blockchain course to enrol, you need to decide on your career goal, what would you like to specialize in. Having clarity on your job expectations help you zero down on the best course.

What Are Fintech Jobs?

These days one of the most popular names that we hear in the technology industry is fintech. But what exactly is fintech and what are the responsibilities of a fintech job?

In this short article, we will explain to you what exactly fintech means and the responsibilities of a job in fintech bears. Let’s get started.

What Is Fintech?

As the name suggests FinTech stands for Financial Technology and simply broken down it translates to the use of technology in financial applications. Advanced technology such as AI and machine learning, among many more, are used in order to better optimize and automate the use as well as delivery of financial services. A quick example of this can be startups like PayPal which has come up with a payment portal for businesses as well as consumers in order to make online payments more seamless and reduce the consumer’s dependence on hard cash.

A Brief History

Fintech as an industry came into the spotlight in the early 21st century but was mainly used for optimising and developing back end financial systems. Slowly but steadily the popularity and capability of the industry spread and today fintech is used in almost all aspects of financial transactions. These days fintech uses a more consumer-oriented perspective and includes multiple industries such as education, hospitality, media, entertainment, fundraising, retail banking and many more.

What Are Fintech Jobs?

In order to better understand the implications of a fintech job, we first need to understand the fact that all fintech companies have one common objective in mind and that is to threaten, challenge and finally disrupt the traditional financial challenges by incorporating technology and encompassing a more consumer-friendly objective.

Now that you have an idea on what a fintech company does, let us explore the various job roles that are available in the industry.

Software

One of the most in-demand sectors within the fintech industry is for software developers. The reason behind this being, in order to disrupt traditional systems, new software and hardware need to be created. Under the software category, one can choose multiple job roles such as,

1. Technology Architects
2. Product Managers
3. Risk Analysis
4. Relations Manager (Analyst)
5. Engineers both Front End as well as Backend
6. Business Analyst
7. Legal Counsel

Almost all fintech companies these days have continuous openings for such roles as the demand for this industry is continuously growing.

Skills to acquire

If you want to secure a job in the fintech industry, mentioned below are the most in demand skills that you need to acquire.

1. Programming languages such as Java, Python and C.
2. Java integrations such as JSON, .js, Node.js.
3. In-depth knowledge of NoSQL as well as SQL.
4. Rust, Go, Solidity and other such enterprise languages.
5. HyperLedger Fabric.

Along with these there are specialised skills such as expertise in blockchain development and ledgers. Under this, you need to be skilled in the programming languages mentioned above as well as have in depth knowledge on how blockchain development takes place.

If you want to increase your chances of securing a job you can also undertake fintech courses in other areas of skill development such as machine learning, artificial intelligence and many more. Along with this, it is always advisable to undergo formal training in fintech courses as it will help you understand the intimacies of the business better.

Conclusion

The job market in the fintech space is at an all-time high. Along with this, experts predict that the demand for highly skilled professionals will continue to grow in the near future as well.

Now that you know what fintech is and the responsibilities a job role in fintech comes with, get started on developing the skills you need to acquire. All the best.

Cryptocurrency Careers that Will See High Demand in the Future

 

Over the last year or two, cryptocurrency has spread like wildfire through the interwebs, evolving from a once unknown form of payment to one that’s preferred and advocated for by thousands across the globe.

Bitcoin and other forms of cryptocurrency are more than just a buzz today, they’re facilitators of job creation in a newly burgeoning payments industry. Blockchain fanatics, rejoice, the job market is opening up– Indeed reported that job postings with keywords including ‘bitcoin’ and ‘cryptocurrency’ have shot up by a whopping 621% since 2015. A cryptocurrency career is one of the most sought out types today, with Indeed seeing a 1,065% growth in searches for these jobs.

Cryptocurrency-related jobs range from miners and data scientists to developers and blockchain experts. But these are the careers and jobs that are likely to see very high demand in the future:

Blockchain Engineer

Since blockchain is the system that enables the existence of cryptocurrency, blockchain engineers will be in high demand in those sectors and industries looking to hire for cryptocurrency systems. Blockchain engineers have the power to build new applications, even new currency modes for use in the crypto-world. They can either choose to focus on developing the technology itself or concentrate on the elements that interact with the system on varied scales, including currency or protocols.

ICO Developer

ICO means Initial Coin Offerings and is a fund-raising technique that enables startups to sell their crypto-tokens in exchange for other cryptocurrency or fiat currencies. It’s considered a boon for many startups looking to immediately raise capital but not wanting to deal with the taxes and charges that come of raising and transferring funds in regular currency. An ICO developer helps to form the new currency and form a platform for distribution and trading.

Security Architect

Cryptocurrency systems, in general, are much harder to hack into when compared to traditional financial transaction systems. That said, cyberattacks are increasingly growing sophisticated, which means no system is 100% safe. A security architect is usually tasked with protecting the company and its blockchain or other technology from external threats and exploitation of vulnerabilities. They also help to prevent and offset financial transactions and fraud. Knowledge of information technology and web development is crucial to land such a job, as is attention to detail and solution-building skills.

Technical Writer

Cryptocurrency is not for the techies alone, contrary to popular belief. Companies looking to create newer types of cryptocurrency are often looking for technical writers to write creative content that will attract investors and customers. These types of content could range from blog articles to whitepapers and pitch decks. Technical writers may also need to liaise with marketing and branding departments over the digital and offline promotions in the pipeline.

Conclusion

Despite a rocky first few steps, blockchain and cryptocurrency are alive and well in today’s world and fast gaining exposure. A cryptocurrency course will enable fresh graduates and current employees to upskill and delve into the industry while it’s still in its nascent stages. A deep intellectual curiosity and the ability to deal with changing times are perks, too!