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Tag: fintech courses

Which business models work within the Blockchain/ Bitcoin sector?

Posted on by Imarticus Learning

Blockchain technology has certainly caught the attention of different industry sectors especially the bitcoin sector. It is a game changer in the functioning of business and also aids in enabling innovation to evolve at a rapid pace. Which is why most companies are now adopting blockchain technology.

With the use of technology at the forefront, industries across are seeing a rise in the use of blockchain business models. Companies are now looking at decentralizing problems, the way they are perceived and the unique ways to solve them. Organizations are now trying to get the Blockchain technology to adapt to their mainstream implementations.

What is the need for a blockchain business model
Blockchain in itself is a business model with which businesses can turn their processes into a decentralization platform to alter the way their system works. Implementing a blockchain business model in an organization could change the entity, flow of transactions, profits, turnovers and ensures growth in the right direction.

From the advent of Bitcoin, blockchain based business models have been constantly used, modified and improved to suit the needs of the business. Blockchain business ideas must work at both macro and micro levels that will benefit the end users and the employees of the company.

With the blockchain business model, there is no need for a centralized authority. So the business model becomes a lucrative one with no stakeholders involved. Anyone helping and inputting in the blockchain gets rewarded for their contribution, depending on the contribution.

Bitcoin helps the miners to earn a profit by making their contribution to decoding the algorithm at any stage. This kind of model helps every person or institution contributing to the model to make some profit. Now that we have gained a basic understanding of how the blockchain business model works, let’s see some popular ones that function in the sectors:

  1. Token Economy – Utility Token Business Models

Loads of startups, e-commerce sites and business use this model where the businesses hold some of the utility tokens and release the remaining for the functioning of networks. The profit is made when the value of the utility token changes. The utility tokens have got variables assigned to them and examples are BANKEX tokens, EDU token, and even Ripple.
     2. Blockchain as a service business model ( BaaS)
This model aims at providing an ecosystem for other businesses to manage their existing blockchain system. Within this system, companies can test, research and experiment to decentralize their functions. Microsoft (Azure), Amazon (AWS) are examples that use this system and the startups, companies don’t have to worry about how their blockchain works and focus on their core business. This model also eliminates the need for hardware.

3. Block-based Software Products
Since its inception in 2009, older conglomerates also have the need to adapt their businesses to the blockchain technology. The easiest way for corporates to do this is to buy a blockchain solution and collaborate it with their existing system. This gives a chance to blockchain companies to create solutions and sell them to bigger giants. This is a lucrative option as it will give a profit up front and also a chance to develop solutions for support after implementation. Lack of talent in the market could also be a reason to buy a blockchain based software product that fits the requirement and saves the hassle of recruiting and training staff.

Since its inception, blockchain technology has been creating waves with almost every industry trying to implement it. Studies and surveys reveal that most companies would have adopted technology in a couple of years. Participants enrolling in the Fintech course will benefit from the knowledge given during the sessions about the functioning of these business model.

Why is blockchain technology revolutionary?

Posted on by Imarticus Learning

The rise in value from pennies to nearly 450$ did catch the imagination of nearly the whole world and suddenly industries were talking of the revolutionary Bitcoin, its blockchain technology and whether this would actually lead to disrupts or be the enabling technology of the future in all financial transactions.

In the US companies like the conservative IBM, groups like the R3 Consortium and newbies like Blog and several others were responsible for viewing and transforming the interest in Bitcoins to the revolution of Blockchain technology.

Today the world of Fintech, banking, and sectors like the real-estate, stock-markets and recording of financial transactions have more or less integrated the blockchain technology into their systems.

What is revolutionary in blockchains?

At present, there are two segments namely those using the blockchain adapted to their own systems and processes to increase efficiency, provide transparency and make financial transactions secure and immutable and the Bitcoin open network operating globally for cryptocurrencies.

Blockchains were termed revolutionary for the following scoring features.

  • Cryptocurrencies became tradable assets.
  • Code rules all transactions: The blockchain is based and governed by its coding. Once recorded it cannot be changed or tampered with. Also, the digital records are available to the public and thus ensures a safe, immutable, recorded transaction.
  • No governmental, legal or regulatory involvement as a third-party exists.
  • Trust and records between transacting parties without the involvement of institutions and banks were welcomed.
  • Data is permanently stored.
  • Blockchain verification and public record verification were used to track and verify every transaction.
  • Access is only through your private key.
  • Use of a reliable currency exchange platform prevents hackers and ensures safe transactions.
  • The receiver address is very important: In a digital and decentralized system once you transfer to a wrong party there can be no charge-backs or support interventions.
  • The possibilities of using tokens to make purchases, trade, sell or buy anything in virtual currency.
  • The accompanying digital wallet has enhanced security and can be password protected.Whether the technology will actually be adapted and change the banking industry, whether the blockchain is an enabler or will cause a disrupt and whether Fintech will really take off is a matter of speculation.

To learn all about blockchain technology or avail blockchain training one can do a fintech course. Such courses have several advantages and can give you a headstart if you are interested in pursuing a career as a blockchain developer. It is recommended you do a certified course from a reliable institute like Imarticus.

This ensures you get both the theoretical knowledge, technical skills to adapt the learning into solutions, and the practical knowledge of trends and industry-relevant knowledge to further your career. While certification does help in this evolving field, it is best to remember that opportunities will grow exponentially and will depend entirely on your skills.

What are other uses of a blockchain apart from cryptocurrencies?

Posted on by Imarticus Learning

 

Blockchain has been the primary technology behind the rising popularity of cryptocurrencies, especially in 2017. It is the concept of having a transaction system without the involvement of any financial intermediaries, which has been revolutionary in its time. It completely obliterated the need for banks and transaction fees, and time required for long distance transactions.

Blockchain technology is not just meant for the cryptocurrency. Here are some of the potential ways in which it can be used in the modern world.

Processing payments and transferring of money: Banking transactions can become much simpler when blockchain is involved. Transfer of funds from one party to another can be facilitated 24 x 7. Banks are not involved in the process, and therefore, the transaction can be completed within seconds.

Supply chain management: There is no need for records or physical bookkeeping when it comes to maintaining supply chains. Blockchain would help business owners figure out the issues in the supply chain much easily, and then locate the issues in real time. The technology would help perform quality control checks in the supply process from the place of origin to the retailer.

Rewards programmes in retail transactions: Loyalty rewards are an effective process to keep customers and maintain revenue for many retail businesses. Including blockchain in this system would completely eliminate the need for paper and card bases loyalty reward points. The token-based system would reward customers in a fast and effective way. Fraud and other issues would also not arise which is common in the current systems. Customers would find this system more reliable and would come back to shop from the same retail chain.

Digital IDs: Digital identification has become an increasingly important concept. It eliminates the need to carry your identification document around. It will also help people in remote areas get access to resources or banking services. Microsoft is currently working on digital IDs through its Authenticator app. It is currently used by many people and gives them control of their digital identities. Blockchain technology is instrumental to facilitate the process. The company is also working on decentralized digital IDs as well.

Sharing of data:  Blockchain can be used to share or sell unused data. The cryptocurrency IOTA has recently launched a beta version of the Data Marketplace. Involving blockchain can help unused enterprise data be used in a number of industries. Currently, IOTA has more than 35 brand-name products currently, with Microsoft being one of them.

Protection of copyrights and loyalties: Copyrights and loyalties for music and other shareable creations have become unclear, with digital and other platforms are involved. Involving blockchain in the process would help secure the transactions which take place for such products. Loyalties and copyrights would also be maintained properly as a  part of the process. Blockchain training offers a real-time distribution of data, which can be especially helpful when it comes to profit-sharing.

Online voting: Blockchain offers transparency in the system which can be very useful when it comes to voting. It can help you put votes digitally, and all regulators can clearly keep a track on the votes, making your vote really matter.

What are The Best Books To Understand Cryptocurrency and Blockchain?

Posted on by Imarticus Learning

Blockchain and cryptocurrency had taken the world by storm in 2017. The idea of digital currency has revolutionized the concept of sale and purchase of goods on the internet. Recently, cryptocurrency has become unpopular due to the lack of institutional controls behind it. There is no denying that it is the way to the future, though. This is the best time to read up on the concepts and brush up your knowledge. With the potential it holds in the future, being aware of the basics will put you ahead of many others.
There are many books out there which will support your Blockchain training. Here is a selection of books which are best suited to develop an understanding of the blockchain technology and bitcoins.
Digital Gold: Focusing on the first cryptocurrency which was developed. The book goes into the history of the evolution of Bitcoins. It walks you through the ideation and the creation of the blockchain revolution. The book, written by Nathaniel Popper, is a New York Times bestseller. It will definitely help you appreciate the efforts that went into making the technology, and clearly understand how the technology started, and what it is poised to be.
Blockchain Revolution: This is a great book to understand the fundamentals of blockchain technology. If there was a technical guidebook on the technology, this is it. The book is written by the famous business and management strategist, Don Tapscott, along with his son Alex. There are technical illustrations and examples clearly explaining the basics. It also shows how technology has changed the future of how we make transactions. You will also find real-time examples of various projects which are under development, along with the results.
The Bitcoin Standard: If you are interested in the economics of Bitcoin, this is the perfect book for you. The book explores the history of money and how transactions have been done. The author then discusses the challenges that Bitcoin poses to the current financial system. It also discusses the impact Bitcoin can have on the future as well.
Blockchain Basics: This book goes into the technical details of how blockchain works. However, it is extremely easy to understand from a non-technical point of view as well. There are illustrations, analogies, pictures, which make the book easily understandable. If you are looking for a Fintech Courses focusing on blockchain and cryptocurrency, then this is a great book.
The Truth Machine: This speaks about the larger concept of what blockchain stands for. From privacy-related issues to the control of data, a number of complex topics are explained from the perspective of blockchain and cryptocurrency.
Cryptoassets: Investors in cryptocurrencies will find this book extremely useful. The book clears the fundamentals of cryptocurrencies and is extremely useful if you are interested in investing in the future. Concepts, such as dollar-cost averaging are also explained with ease in this book.
Mastering Bitcoin: This book focuses on the software aspect of the book. Programmers and developers will find this book extremely useful because it goes into the technical details of the programming that goes into blockchain. Newer developments in the field, such as the Lightning Network, are also given in great detail in the book.

All You Need to Know About Fintech Technology!

Posted on by Imarticus Learning

A new generation has arisen with a bedazzling spark in the finance industry. The Fintech courses (financial technology) is the hottest trend in the finance sector. It refers to a financial sector centred with companies that use technology to make the financial system more productive.
What makes Fintech the winner?
Fintech can change the way of our banking systems by replacing hand-in-hand cash with digital currencies. Users can become rich in this transaction process. It mainly focuses on Bitcoin, Cryptocurrency, Ethereum, regtech and Dash.
We walk you through some of the advantages of using Fintech:

  1. Expanding enormously: The Fintech industry is proliferating that keeping up with it is like a struggle to the regulators. Larger institutions and governing bodies are putting their efforts and interests in this industry as it is more secure and trustworthy than the traditional banking system.
  2. More financial firms with few start-ups: The Fintech market has caught public attention. Starting with smaller finance organisations; now the number has increased with a majority of big organisations. More prominent firms are showing their interest, especially in Bitcoin facilities, as they are more money-making, profitable and have a long-run future.
  3. Change in the way of payment: The primary motive is to implant technology surgically into people’s daily lives. This has already started in a few countries where people are paying for their regular coffee by only showing their cards up to the reader. This way you won’t have to carry a wallet equipped with the massive amount and a fear of getting robbed in your mind. Just a card would replace everything!
  4. Efficiency– Fintech systems connect small systems making data sharing swift and seamless. This results in a reduction in time, and it also enhances productivity. Courtesy of Fintech systems, people can do a lot more things without requiring any assistance from traditional financial institutions.

Why is Everyone Talking about Fintech?
People are talking about Fintech because it is providing frictionless access to the tasks and has a bright future. Through its superior features, it is modernising the traditional practice of banking.
Already, the impact of Bitcoin, Litecoin, Dogecoin are visible to us. Within a year or more, these non-fiat currencies will take the lead in all the transactions.
The world of trading is running smoothly without traders. The process is known as algorithmic trading with electronic exchanges. In the coming years, humans will become the factory of producing algorithmic codes that will run the automated facilities of our daily lives.

  1. With Fintech, you can digitalise your wallet by not carrying cash. Instead, you can use your debit cards, credit cards, and gift cards. This is easier for people to keep their money safe even in crowds. There is nothing to worry if the card goes missing as the password is only with you or with your trusted ones.
  2. A better way of the transaction is via your mobile phone. The mobile payment applications are increasing, and number and users are happier with them coming to the market.
  3. It is all about smart data-sharing. If you want to split the bill, you can do it with one text message.

Conclusion
There is always a never-ending debate that questions machine intelligence over human knowledge. In this case, the future is in AI.
Like in last few years, Fintech has flourished wonderfully that dragged the majority of business into it. It focuses on technology, which has never failed to show its magic. In the coming years, we might see that transactions are possible only with a blink or just with a wave of a hand.
The trends we have talked about will be a lot of fun to watch in the coming years too. One thing is for sure, getting engaged to fintech industry won’t disappoint you.

7 Ways Fintech Can Improve Your Business!

Posted on by Imarticus Learning

Fintech has taken the financial service industry by storm. Its compelling and tangible benefits have enabled financial institutes to do more in less time and resources, and hence the latest trend in the industry is to embrace Fintech.

Through its services, Fintech has proved that it is not a bubble waiting to burst and is indeed a revolutionary concept that will result in sweeping changes in the finance sector. So, if you still haven’t joined the bandwagon and accepted Fintech, then you are missing out on a world of opportunities.

Wondering what benefits Fintech course online can bring to your business? Here we walk you through the seven ways in which your company can leverage from Fintech.

  • Seamless lending

‘Together we stand, divided we fall’, this quote holds the most in the world of business. There are times when peers need to help each other financially to survive the storm. But thanks to the complex banking systems and structure of financial institutions, it is not always possible for peers to help each other even if they wish to.

But, times have changed, and with Fintech, peer-to-peer (P2P) lending has become seamless. Fintech has removed the reliance on financial institutions and has enabled peers to lend money to each other directly.

Hence, this is the best time to look for expansion in the world of business as now you are assured of backing by your peers.

  • Making reporting and documenting a walk in the park

Record keeping is one of the daunting tasks in business. This process is hectic, time-consuming and eats productivity of your human resources.

But worry no more as Fintech brings automated reporting and documenting systems that simplify the entire process and inject efficiency and speed.

For example, an enterprise content management platform digitalizes all your data and records and makes it accessible in one go and from any source.

  • Understand customer’s creditworthiness

One of the proven strategies to win customers is to offer them credit. But it is a double-edged sword as you have to be completely assured that the customer can be trusted to pay later.

Analyzing the customer’s creditworthiness with manual checks takes plenty of time, but Fintech does this work for you in real-time. This results in better conversion rates and more profits.

  • Efficient cash flow management

Poor cash flow management is the cause of 82% of new business failures. Efficient cash flow management is integral to the success of your business and Fintech enables you to do that.

With Fintech, you can keep track of payments so that excessive payment periods, unpaid invoices and a lack of cash flow visibility do not hinder the growth of your business.

  • Precise problem identification

Traditional practices for problem identification are plagued with bureaucracy, lengthy processes and manual errors. But as Fintech deploys automated methods, problems are identified in real-time and that too with precision.
This provides your business buffer time to come up with a solution and also helps in creating accurate answers for problems.

  • Robust Intelligence

Data management is of the essence in sectors such as financial services. And Fintech is probably the best bet for managing data efficiently as it is equipped with necessary automated systems that streamline your business and bring convenience.

  • Better technological integration

In this era of the digital age, tapping into the potential of the technology is pivotal for the success of your business. Fintech offers seamless technical integration that allows you to get the best of all available technologies and expand your business.

With Fintech, you can create fast payment methods that make shopping a hassle-free process for the customer and can also perform various other tasks. Fintech courses also offer some incredible benefits in your business.
Undoubtedly, Fintech will be an essential cog of every successful business in the future.

So, if you want to survive the test of time, then you must embrace Fintech today. The aspects as mentioned earlier are just a few of Fintech’s benefits. This technology has plenty more in the store waiting for you!

What Are The Blockchain Technology Courses To Meet Demand in The Workforce?

Posted on by Imarticus Learning

Blockchain technology is simply decentralization of data that is achieved by collecting the data on multiple systems. Due to the lack of centralized data, hackers find it very hard to penetrate the security walls of the application that are safeguarded by the blockchain advancements. Due to its robust and reliable nature, many industries including health, real estate, finance, and other industries are adapting to it. As a result, there is a huge career scope in this domain.

Why Blockchain Technology is The Catch Today

Financial companies and top banks in the world are leveraging blockchain technology to implement a higher level of cybersecurity in their transactions. This technology can not only be shared by different users, but every bit of data needs to be authenticated completely before entering the network.
Logistic companies’use blockchain technology to track their containers across the world and it is also being implemented in the food and agro-based industries on a large scale.
Even HR recruiters are using this technology to verify the authenticity of the documents and to check their backgrounds. With a myriad of software services, blockchain is being used in different sectors such as medical, telecom and much more.

Popular Blockchain Technology Courses

The growth of Fintech in India has been substantial over the last decade, and therefore, today many financial institutions provide blockchain course training. Some of them also include blockchain certification in their curriculum. Students who have a background in networking or languages like Java and Python can learn about blockchain to meet the rising demand for blockchain developers, engineers, and designers in the market. These blockchain course are online-courses and popular in the career markets of today.
1. The Basic training: This fundamentals training in blockchains takes you through the evolution of blockchains and how they work. You may even find free courses that give you tutorials on blockchains through the online medium.
2. Certification courses: A Certified blockchain course is an option for aspirants making a career in fintech and wishing to learn applications and skills in blockchain technology aimed at developing solutions for real-time and industry-related problems. A computer science backing and graduation can help careers of investment bankers, DevOps people, software developers, investment bankers etc. make a career in the Fintech segment.
3. Certifications: Students and professionals who are interested in a blockchain course and certification can take up Blockchain council certification at Imarticus Learning, which is an online certification course for blockchain experts.
Fintech is a term coined from morphing words of Finance and Technology. The financial transactions sector is heavily impacted with blockchain technology making the transactions secure, rapid, immutable with excellent record keeping in distributed ledgers and cryptographically encoded blocks interlinked to each other in hash-tag codes. Almost all technologies like AI, VR, AR, IoT use the advantageous blessings of blockchain advantages to spur their growth and productivity. This, in turn, fuels the demand-supply gap for trained professionals and drives the payouts to unbelievable levels for the experts and well-trained professionals.

How Blockchain Technology Helps the Careers of Professionals:

A basic understanding of blockchain will prove insufficient for the professionals as they also have to apply their knowledge in real-world scenarios and issues. However, due to a serious dearth of blockchain professionals, companies are willing to hire people who have a technical or software background. Moreover, IT companies are also looking to hire freelancers on the basis of hourly pay to satiate the demand in the workforce.
Where opportunities exist:
The Fintech sector and industry need professionals and personnel in
• Emerging Technologies like cloud services, blockchains etc.
• Payments and digital financial transactions.
• Working in analytics of Big Data.
• Cryptos and virtual wealth management.
• Solutions and service providers.
Suitable job roles in high-demand:
• Managers of projects and product owners.
• Experts in data management.
• Business Development and Sales.
• Recruitment and HR sector.
• Experts in financial markets, debt capital markets, equity funding etc.
You can find openings in diverse verticals ranging from internship positions to Blockchain developers, Project Managers, Quality engineers, Web designers, Blockchain attorneys, engineers and more. This is precisely why a blockchain course can feed off the growing market demands for blockchain experts and provide a futuristic well-paying growth-oriented career.

Advantages of Doing a Fintech Certification

Certification in Fintech is a measure of your technical skills and aptitude for a career in the fintech industry which is evolving and has high personnel demands. Doing a good blockchain course like the Imarticus’ Fintech Prodegree will equip you with the fundamentals, concepts, theoretical and practical skills with coveted certifications that enhance your resume, job prospects, and career.
The advantage of mentoring by industry aces gives you the edge of experience learnt through techniques, tricks, best practices, skills, and lots of practice on cutting-edge trending applications and technologies. You will also need technical skills taught in these courses like skills in IoT, DevOps, Python, Big Data analytics, ML, and Hadoop.
Non-transferable skills are extremely important and properly aligned with your career and enterprise’s needs. You must have the following traits.
1. Excellent communication and interpersonal skills.
2. Creative and innovative problem-solving skills.
3. Team skills in contribution, and collaboration.
4. The dedication and ability for long work-hours under pressure, ambiguity, and lack of SOPs in a startup environment.
5. Integrity and financial discipline.
6. A team-player and quick learner of techniques and best practices.
Payouts: Definite standards in payouts are not present as of now. According to reports on Glassdoor, the payments are very appreciative and second to very few. However, with this evolving and rapidly expanding sector the demand for personnel is much higher than the supply positions thereby driving the demand for better salaries and promoting quick growth in Fintech careers.
Conclusion:
Careers are always the result of research and career choices. The present-day professionals are lucky to have sustained demand in the Fintech industries which encompass a gamut of verticals from insurance, digitized payments, real-estate, technological services, cloud storage and many more where there is undying job demand for analytics, software, and expertise in ML. Banks, financial stock markets and services supporting the Fintech industry are bound to see exponential growth in the next decade. Be prepared by doing a blockchain course with the Imarticus Academy.

What Programming Languages Would You Need To Learn To Enter a Fintech Career?

Posted on by Imarticus Learning

 

HackerRank states the six best programming languages for finance and FinTech are Python, C#, C, C, Ruby, and Java in no particular order of being the best or most popular.

  1. Python
    This programming language is simple and its syntax minimalistic. Its applications lie in machine learning, data analysis, the FinTech sphere, software industries, building cryptocurrency markets, insurance, banking, and many more.

    The popular features of Python are
    • Scalability, consistency, simplicity.
    • Precise and fewer code lines.
    • Pythonic-standards applicability help to read, modify and maintain code with ease.
    • Powerful Django framework
    Despite benefits being many, the drawbacks are
    • No support for the web browser.
    • Design restrictions. Asynchronous capabilities limited by lock and single thread.

  2. Java
    Oracle’s Java favours bank programming technology because of its security and capacity for loaded programs handling large volumes of data.
    It is very popular in FinTech industries because of it
    • Powerful Security Manager.
    • Running runtime constraints
    • Support and portability to many OS
    The Java disadvantages are
    • Lower speed.
    • Lower productivity
    • Technology that consumes memory

  3. C Language
    C programs are used in Fintech industries where speed in execution is crucial. It is popular for programs requiring advanced levels of computation where numerous operations are processed quickly, in quantitative analytics, and in quantitative finance.

    C is advantageous for its
    • Code reusability
    • Speed and Efficiency.
    • Rich resource libraries.
    The drawbacks are
    • Complexity.
    • Code writing and insecurity.

  4. C#
    Microsoft’s C# has a syntax similar to Can the best of Java and C. It is used for 3D-Unity games, building .NET programs, mobile apps, and websites.

    Developers favour C# for its
    • Interoperability in Cross-languages.
    • C Enhancements.
    • Volumes of libraries.
    • Type safety. Uninitialized variables are not permitted making C# coding safe.
    Its limitations are
    • Low speed
    • .NET dependency

    Significant advantages:
    • Mid-level language
    • Maturity
    • High speed
    • Highly portable
    Some limitations are
    • The absence of reusable code.
    • Non-flexible in fixing bugs

    6.Ruby
    Ruby has the necessary characteristics and capabilities for rapid app development. Ruby combines features of Perl, Eifel, Ada, and Lisp besides others. It’s applications find use in the financial technology for fintech sector, e-wallets, digital payments, analytics, and Big Data, and financial dashboards, and asset management systems.
    Startups and developers favour Ruby because it affords them.

    • Time savings, efficiency, readily available plugins, third-party owned libraries and codeless apps for project development.
    • Ruby-on-Rails framework provides a bug-free secure code to build scalable apps.
    • Efficiency and cost saving

    The disadvantages are:
    Tool Documentation is hard to find.
    Boot speed decrease due to the many libraries.
    In conclusion, each language has its pros and cons. Ensure that your project and language are compatible. Your skills in these languages gained at fintech courses should be a good fit for a majority of the situations.

What is Job Description to Work in Fintech and What Are The Skills Required?

Posted on by Imarticus Learning

One of the latest and fast-growing sectors is the fintech industry. Fintech means a combination of finance and technology. Ideally, this combination has set high standards in the field of employment as the need for upscale finance, and technological intelligence is undeniably high.

There is a place for people with different expertise in the field of finance and technology together, and the job description is as under: 

The core positions in fintech require people who have expertise in technology. Someone who is well-versed with Artificial Programming Interface has a better future in fintech. Developers of operating systems like Android and IOS have the opportunity to be app developers for fintech companies.

People who have enhanced their skills with User Interface also have jobs in fintech where they may need to develop a user-friendly and intuitive online banking experience for users. Such tasks are highly challenging and competitive in the fintech sector.

Customer support is also a need for the fintech sector, which requires people with good language proficiency and patience to handle thousands of customers per day. Online customer service can be made more compromisingly by joining as customer support to manage the chatbots online.

Product managers who can efficiently understand the need of the customers are essential skills for Fintech firms to stay disruptive.

Certain skills required in the Fintech sector
Fintech firms recruit people with skills such as Java. Without the knowledge of Java developers in investment banking will have no meaning. Java is the most preferred skill, J2EE is also needed for various tasks in a bank.

If you are interested in working in banking technology then learning Java is mandatory. Joining various Fintech Certification Courses will also help you enhance your skills and knowledge of the latest technology and financial disciplines.

One of the topmost desired skills is to be a business analyst. Banks are looking to implement new projects with new dimensions and strategies to reach out to more customers. Business analysts in the fintech sector can earn well if they have the future vision and understanding of tech projects. Business analysts should have different soft skills like the ability to see the disruption behind the potential investment of the firm and so on.

Being equipped with the knowledge of C sharp is quintessential for partnering with the developers in banking technology. Python is the latest skill that has made its mark in fintech. Python has become the mainstream for various projects in the financial sector of fintech.

Good communication is vital to stay in the fintech firms as you may have to show your communication skills both internally and externally. Having the skills of problem-solving during crises and the ability to build team spirits are characterized as the essential skills for every fintech job.

Conclusion

The Fintech sector has different career options and opportunities to explore. The flourishing fintech sector does not end opportunities for people in the banking sector. The members of fintech firms are usually agile and work as a cross-functional team instead of a traditional hierarchy of the business.

How to Get Involved In the Blockchain/Fintech Space as a Student?

Posted on by Imarticus Learning

Blockchain developers are not in supply and are in high demand. The job of developing blockchain distributed ledgers for businesses was found to be the most growing sector. The payouts for a blockchain-developer engineer positions are accordingly high when compared to other software design engineers.
Developers with working knowledge and experience with iterations specific to blockchains such as Hyperledger Composer or Solidity are in great demand, and the demand spurs great payouts and salaries. Solidity tool is used to develop smart contracts and Hyperledger Composer the OS blockchain using JavaScript while REST API enables a codeless development of business networks. Etheruem framework knowledge is also highly appreciated. According to the US firm Upwork, blockchain developers are charging 200$/hour.

Learning Institutions.

Working knowledge of Java and Python is desirable. The blockchain technology being relatively new many Universities have started offering courses connected to blockchain technology only recently. They now offer the following courses:

  • Cryptocurrency design and engineering by MIT
  • Bitcoin Engineering by Stanford University
  • Ethereum Developer Certified Training program by B9Lab
  • Courses by Mountain View
  • Courses by Blockchain University, California.

You can also learn online and on your own, attend programs conducted by Block apps, Consensys, Ethereum Foundation, Linux foundation or Hyperledger. India too is not far behind, and you can take up Fintech courses on blockchain technology.
An introductory course on Hyperledger would be right for entrepreneurs who are looking for business opportunities, business enterprises wishing to learn if blockchain technology can be adopted by them, people working in fintech startups and students who have just graduated hoping to land a job in the fintech sector.
Choose what you wish to explore

  • Creating open-sourced blockchains
  • Creating business networks using the Hyperledger platform
  • Creating smart contracts using Solidity


Where the jobs are
The Fintech industry badly needs personnel in

  • Blockchain Technology
  • Digital Payments
  • Big Data handling
  • Digital Wealth Management
  • Analytics Solutions


Job roles available and in demand are for

  • Project Managers
  • Data management experts
  • Sales
  • HR
  • Financial experts in various fields like equity funding, debt capital markets etc.


Non-transferable skills will need to be developed and aligned with the enterprise’s needs. You must have the following traits.

  1. Interpersonal Communication skills are essential as you will be working in a customer oriented role no matter what services you offer
  2. Ability to solve problems creatively is vital when you have to innovative to be a market leader. There is no other way than to innovative on blockchain technology
  3. Collaborative team skills are crucial as most startups will have small teams
  4. Ability to work with ambiguity, under pressure, and with high demands from the startup environment
  5. Discipline and integrity since you will be working on financial transactions and have to work beyond the call of duty to succeed
  6. A good learner as there may be no standard operating procedures or norms of remuneration as yet

If you have your heart set on joining the fintech industry, then you need to start immediately to stay abreast of changes that will happen.