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Tag: fintech courses

The Billion-Dollar Friction Problem Fintech Could Solve

Posted on by Imarticus Learning

Fintech has seen massive growth over the last few years, and a lot of companies have begun seeing its benefits. It helps in cutting down costs and even making processes faster. One telling aspect is that Fintech has helped solve problems that are at the lower end of the spectrum. Smaller businesses are benefiting the most, and this has helped bridge the gap between the two and make smaller businesses more positive.
There needs to be interoperability between the supply chain ecosystem and the software being used. Here are just some of the friction problems that fintech courses could help solve.

Accounts Meeting Crypto

E-invoicing for fintech start-ups is simple, but the future looks bright with better strategies that are centred on capital management.
One of the biggest pain points for businesses is their working capital. The rise in fintech operations in the invoicing space is largely attributed to help manage working capital better. There are opportunities available that could eliminate the need for financing in general or even complement this service
Dynamic discounting is generally accepted as accounts receivable to speed up payments and make it easier. If accounts payable could look into alternative currency to find cheaper instruments, discounts could be locked either way.
Many two-sided e-invoicing companies would begin developing their own version of concurrency. In a world where trade is globalized, transacting without the need for currency conversion is always an attractive offer. Network accepted currency would end up becoming advantageous and help complete settlements much faster.

Other Problems It Can Solve

The supplier invoice in the future of the fintech industry could feature an option to pay with the help of an e-invoicing token for accounts payable. This would also add a discount in addition to the early payments through fiat currencies. Fiat currencies could still have to go through the dark alleys of back-end infrastructure that banks generally have and would require transactional fees on the way as well.
Also, imagining a world where a bot does all the work such as optimising and reporting daily accounts isn’t unthinkable. You can manage payments through a mix of tokens for networks along with fiat currencies that were previously in hand. While the same technology is available today, a smarter version of it doesn’t exist yet. If you could use the same to solve this issue, it could be highly beneficial and solve a large slew of issues.
Also get know more about the Fintech (Financial Technology), through just a single click: https://imarticus.org/Professional-Certificate-Course-FinTech/

How Can Fintech Become Efficient From a Cost Perspective?

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Fintech, as we all know, is nothing but financial technology and these fintech startups are working towards making banking hassle-free and cost-effective for the common people. Banks have even realised that fighting these fintech startups will only cause more harm to their business than profiting. Fintech companies are now joining hands with banks to make banking more cost efficient for the customers.
With fintechs being a part of the banking system now, banks are slowly inching towards acquiring more customers, and with the help of technology operational costs are even less, but there’s definitely a flurry of partnerships.
Also, fintech companies hire some of the best minds, people with a degree in fintech courses thus common people have a better customer service experience. Since banks are being able to provide the service that their clients’ desire acquisition of customers have grown by leaps and bounds. For example, RBL bank has a partnership with over 90 startups and has been able to acquire around 30% of its total 2.8 million customers. And, all this has been possible after their tie-up with the fintech startups. They have even tied up with MSwipe and Ezetap which are merchant acquirers and have thus easily become bankers for their merchants. So, RBL has been able to get a huge clientele, and the process was entirely cost effective.
MoneyTap is another startup which has tied up with RBL as well, and they provide RBL’s customer baselines of credit in a simple hassle-free online method. RBL has since acquired 2, 00,000 user through the MoneyTap’s app download! MoneyTap basically targets the lower-middle income group of people for whom getting a loan through the traditional banking method is simply impossible. But MoneyTap offers chatbot tech which acts as the front end of the bank and with some minimal KYC process this strata of customers are provided with a credit line.
Yes, Bank is another bank which has turned to fintech startups like PaisaBazaar and Niyo to make banking cost effective. With the help of the digital channels that these Fintech startups are made of, Yes Bank has basically been able to acquire 20% of its customer base. Their partnership with Niyo, which helps in managing employee salary and expense management has allowed them to issue 35000 reimbursement cards and wallets, which in turn generate 67000 transactions monthly!
Basically, the teams which are a part of the fintech landscape have understood the market trends properly, and they have done some of the best fintech online courses or have been to some of the best fintech schools. These allow them to quickly size up the market need and provide customers with their banking needs in the most cost-effective way possible. In fact, Yes Bank has recently launched, and accelerator programme for the fintech startups and have thus been able to reach a good number of first-time borrowers. This group of people need loans for a short duration, and the fintech landscape offers them just that.
They have been able to reduce labour costs by employing Rupeeseed’s chatbot tech in the brokerage and securities business and have since mitigated the need of relationship managers.

Can You Have a Career in Fintech without Coding Knowledge?

Posted on by Imarticus Learning

Technology has changed the way things are done, in almost every field conceivable to man. Be it healthcare or warfare, the advent of technology has had a significant impact on the proceedings. To no surprise, the financial world has also benefitted hugely from these advances, and the field of Fintech emerged in the past few decades.

However, many banking professionals are still apprehensive about getting into Fintech because of some misconceptions they have. You might think that the addition of tech into the financial world means that everyone must understand how to operate the tech aspect of it, and thus must know to code in order to survive.

However, that is not true – you can still have a career in Fintech despite having relatively less knowledge on how the code is written.

Can You Have a Fintech Career Despite not Knowing Coding?

The short answer is that yes, you can not only have a career but also be successful in the field without knowing how to write code extensively. Coding is usually used when organizations need to implement new software or make some changes in the way things are run currently.

To make these changes, it is always easy for the organization to hire a computer programmer, rather than insisting that it needs to be done by the Fintech professional himself. In fact, most banks and other large Fintech organizations have dedicated teams of coders who are always on-site in order to make such changes.

That does not render obsolete the other capable professionals working in the organization, so coding is not a necessity to work in Fintech.

Then what are the skills required to get into Fintech?

Since the field mainly deals with the financial world, you will definitely need to have a good understanding of how finances work and function in order to be successful at it. Even if you do not know how to code, you will also definitely need to be comfortable with technology. While there are many jobs that focus more on the business side of things, knowledge of technology is definitely going to help you get to where you want to.

You will also need to have a number of soft skills, as the finance world is an extremely soft-skill and relationship-oriented one. Communication skills are a must – you will find yourself having to coordinate and communicate with multiple teams and people, ranging from tech experts to customers on a daily basis. Therefore, your communication skills, both written and oral must definitely be of high quality.

Fintech organizations also hire based on the problem-solving skills of the person. A huge requirement of the job is that the person must be able to solve a lot of problems that appear on a daily basis, to ensure that the organization is running seamlessly without any interruptions. You will have to optimize constantly, in order to make things function quicker and more efficiently in order to get a head start on the competition.

If you are looking to get into Fintech, there are a lot of Fintech courses that can help you dip your toes in these deep waters. The Fintech online courses offered by Imarticus Learning is a great place to start at.

Do Online Fintech Courses Help With Entering The Industry?

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Over the past few years, one of the biggest developments in the technology space has been fintech. By using the right technology to make banking and money transactions easier, companies have begun reaping the benefits. Fintech is growing at a rapid pace, and newer companies are also looking to adopt technology to make their accounting and bank work easier.
For individuals looking to succeed in the industry, having the right team is important. Fintech is relatively new, so it is crucial that people can understand this to deliver better results.
With the technology poised to play a much more critical role in the next few years, there are a few advantages if you’re looking to begin an online course in the same:

What’s The Advantage Of Fintech Courses?

First up, it is important to understand the scope of the industry. The fintech industry is a big space, and there are many different applications. There are a lot of opportunities for individuals to work with fintech courses – from internet applications, banks and hedge funds. Doing an online course helps you understand the technical aspect but having an above average understanding of finance is vital as well.
You won’t be able to deliver quality output without understanding your industry well, and that’s where the online course can help. A good course will teach you how the industry works and how exactly you can implement technology to aid you to produce better results. If you’re okay slugging it out for a couple of months and learning about the industry, then an online course is perfect for you!
While a lot of people do not have a significant amount of knowledge regarding the fintech industry, online courses will help them. If you’re taking an online course in this space, they are more structured and organised and will be able to help you. Most of these courses also have dedicated teachers to help you clear doubts and progress.

How To Begin?

Blockchain and machine learning are touted to revolutionise the fintech industry so that you could start there. Start by introducing yourself to the subject and slowly familiarising yourself with the concepts. It will take years of practice to master the same, so don’t hesitate in putting the time to study the fintech industry.
There are credible fintech online courses, so research well and choose one that suits your pace the best.
Become an active member of the fintech community so you can meet like-minded individuals and formulate ideas with them. You can get unique insights by attending seminars and talks on the same, and develop your soft skills in the process. This will help you engage better and get the most out of the course you do as well.
Organisations like Imarticus provide a holistic, hands-on approach to finance courses. With a dedicated team aimed at helping you succeed, you are bound to perform well and start your career in the fintech industry.

What you need to know before launching a Fintech Company?

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A Fintech Company is one of the driving forces when it comes to digital transformation in the banking sector. Innovation, automation, analytics are key things to be taken into account for a Fintech Company.

Fintech maybe the buzz word of the day but it might be interesting to note that the industry is still burgeoning and now the need of the hour are Fintech companies who can address data privacy needs. The banking industry is highly regulated, so one of the top things to consider before thinking of investing in a Fintech Company are the various laws and regulations that uphold the field.

It is important to familiarise oneself with data around this before entering the world of fintech. With hundreds of startups in the market providing different software solutions using the power of technology.

Fintech companies to be built from scratch requires careful planning and thought. Professionals today are preparing themselves to enter the industry by taking on banking courses which will enable them to be better equipped to deal with the demands of the financial world. As a fintech start-up owner, here are a few things to keep into consideration.

 Identifying The Expertise

Fintech comprises of many areas that require different types of expertise. There are many fintech courses that help a business to understand their niche before starting off. One of the key things to consider is which domain would you like your Fintech Company to be a part of. There are many areas such as payments, insurance, personal banking, trading and investment and even providing solutions for small businesses.

 Know Your Tech

Artificial Intelligence, Blockchain, Machine Learning, Big Data, Cloud and many other emerging technologies are an integral part of the fintech industry. Knowing the technology that you initially want to invest in and proceed with for a start-up fintech will ensure a vision based approach for your firm. AI has seen significant investment from many companies in fintech since the technology is progressing at a rapid rate, so it might be a hot topic to consider.

 Innovation Is The Key

While running a business will have its challenges and risks, Fintech is a bit more volatile as an industry as technology is every changing. For a Fintech start-up innovation will form the crux of everything as in the realm of finance, there is a growing demand to meet requirements at a rapid pace. An important thing to look into would be whether the Fintech Company you want to start is able to innovate and provide huge results then it is definitely time to embrace the risk.

Conclusion

Fintech revolution has begun and is on an upward trajectory when it comes to growth and success. However, before starting a Fintech Company it is important to introspect and assess the risks and challenges that come with launching a start-up and be prepared with a plan B.

Studying Fintech or Digital Marketing (DM)

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Technology had infiltrated almost every aspect of our lives in the past couple of decades and has transformed our lives in many good ways. Fintech or Financial technology is one such aspect of this technological aspect. With many large corporations getting into the M&A phase in the Fintech landscape a lot of investment has taken place and hence in growth can be seen in various business sectors like banking, investment, lending and so on. Reports say that globally, the FinTech market is all set to be worth over $200 billion by the year 2021. Thus it can safely be said that FinTech is fast becoming one of the most attractive industries for graduates to work in.

Benefits of Studying Fintech

The best part of studying Fintech is that one need not be tech savvy or have a huge knowledge of the financial market to master this discipline. One can be a graduate from various disciplines including Law, English, Psychology and even foreign languages and still be a part of a fintech workspace.
Fintech is currently at the forefront of innovation, and the main aim of companies with the fintech space is to change how the traditional finance industry works. The fintech world has an innovative spirit and being a part of fintech courses would finally help one to be in a fast paced and productive work environment. Studying fintech would also mean that one can be a pro at using some of the most cutting edge technologies making him/her more competent for the job front.
Working in the fintech workspace is also rewarding as fintech businesses operate in a flat organisational structure thus reducing bureaucracy and red tape as compared to what we find in traditional finance companies. Also if one is a high performer fintech startup would wholeheartedly reward him/her thus helping is rapid career growth.

Leveraging DM in Fintech

With marketing being extremely important to further one’s business a course in Digital Marketing is most definitely going to be handy if one is keen to work in the fintech landscape.
Since fintech is a fairly new industry, one very effective way to further the fintech business is through mobile marketing. A recent ICBA survey (2016) stated that for 74% of its respondent’s mobile banking was extremely important. It also stated that 53% of smartphone owners are comfortable using mobile banking. With these statistics in mind, it would be safe to conclude that mobile marketing would positively impact the growth of the fintech industry.
Using proper content through the DM platform can be another great way to achieve success. As a fintech brand, one must always provide in-depth information, be ready to answers all questions, set up informative webinars and use great content to set up the tone of the brand. Also, make sure that the content is scalable, customization and reactive!
Lastly, once the communication has been made and a client base is in place, one must keep in constant touch with their clientele through newsletter, events and emails. Communication is the key to success, and for an upcoming business like fintech, communication is the most important.
So, is being a part of an industry that truly revolutionary appeals to you? Then a degree in FinTech and a good understanding of DM can take you.
For more details, you directly browse: https://imarticus.org/

What Makes A Good Fintech Lab?

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Fintech labs or companies which come into existence with the sole vision of providing easy financial access to people across all strata of life. Fintech startups provide power to the lending ecosystem through various technology thus minimizing the need of intermediaries.

Top Features That a Top Fintech Lab Must Have

Since the fintech companies are all startups, it is highly necessary for them to first understand the traditional banking system and the challenges that it suffers with. Once that is understood these fintech labs need to get some good funding to be able to sustain themselves in this competitive market. With that done their first and foremost goal should be to remove the friction that the common people face while banking through the traditional banking system.
The second most important feature of the fintech companies is that they should create affiliate services. These fintech startups don’t really attack the traditional banking system, instead they try and work around the issues that the banking sector deals with and with the help of technology works towards bringing about a change. Examples of two such fintech startups are – Square and Simple.

Focus on the team is another very important thing that these startups need to keep in mind. With a strong core team which is even resilient, these fintech labs can grow in leaps and bounds and even go ahead and make relevant connections in the industry.

A good fintech lab must also have a team which along with having people a degree in fintech courses, it must also be an amalgamation of people from various sectors and disciplines of study. Mixing the talent pool is the key! This would help in bringing together some of the best minds from all over thus, in turn, helping in reinvention.

Also, one must not fear to put ideas into action even at the cost of a few trials and errors before something scalable comes up!

A good fintech company would also know its regulator(s) thus confirming to the fact that these companies know what they are in for. These companies would also not make the mistake of focusing exclusively on selling to banks. Instead of competing with them and creating a separate client base is what which is needed to grow in this field.

Banks, in fact, create a lot of bureaucratic and regulatory issues hence working hand in hand with them by the fintech companies tend to become next to impossible.

Lastly, a successful fintech startup would always value data over money! Focusing purely on a digital exchange of data will help in making the company go a long way in the industry. After all, it’s the data be it the data of customers or money made by competition, information such as these always helps businesses stay a step ahead of their rivals.

In fact with the focus on data along with the help of technology, one can create whole new business models around those which the traditional banking system fails to do largely.

How will Fintech Change the Credit Market?

Posted on by Imarticus Learning

Driving digital transformation through technology has been at the heart of FinTech industry. One of the key attributes of Fintech is the contribution to the credit market through innovation.
Fintech has been on the rise since the past decade or so. So you maybe wondering what exactly is fintech and why is it so critical to business? Fintech in simplistic terms are companies or institutions that have revolutionized the banking industry through technological advancements. It means to harness the power of technology to make timely business decisions, simplify processes, analyse data at limited costs and optimized resources.
Today, Fintech has moved at an unprecedented rate to provide solutions and services to customers through online banking, online lending, bill payment and other transformative features. There are also emerging fintech online courses which will help professionals progress themselves. Technologies like Artificial Intelligence (AI), Big Data, Blockchain, Cloud are able to store, process and analyse large amounts of data in a minimal amount of time, thereby enabling businesses to make informed decisions quickly. Fintech companies are able to roll out custom-made applications and services to banking instiutions allowing them to better serve their customers’ needs.

Use of Digital Data

For every transaction conducted there is a large amount of data that is stored and processes. Digital data warehouses are vast and can become tedious to extract and work with. Fintech market analyses Big Data using software applications, thereby enabling better transactions. For example, if you pay by your credit card at a store, your transaction will immediately reflect across your bank statements thereby allowing you to keep a check on your finances at a real-time basis. This has been enabled by the effective utilization of digital data.

Use of Digital Processes

There are many new features and attributes that have found their way into mainstream lending and credit market thanks to emerging technologies such as AI and machine learning. Most banking institutions today offer easy loan borrowing options, repayment and even increasing your borrowed amount all through digital channels. This means that consumers can borrow a large sum of money by providing the right documents online.

Data Privacy

One of the key problems that Fintech industry is trying to solve is data privacy and protection. Cybercrimes, online frauds are on the rise and critical data can be protected by building the right infrastructure around it. Fintech companies are testing new and improved solutions to transform the services offered by banks every day. Professionals are also signing up for Fintech courses in order to be equipped to deal with the current scenario of financial services thereby enhancing their career trajectory.
Conclusion
Alternate lending is an integral part of the fintech revolution and the rise of applications and services will provide an opportunity to banks and financial institutions to upgrade their customer experience and meet the demands.

Top Fintech Tools Which Will Have a Major Impact on the Financial World

Posted on by Imarticus Learning

FinTech is fast becoming a powerful industry where technologies such as IoT, AI and blockchain is making waves and influencing a massive shift in the financial industry. 
You have walked into an ATM and withdrawn money only to realise the traction is incorrect. In the earlier days, this would mean running to your bank branch and a lot of paperwork to reverse the transaction. Today, thanks to a technology called block chain, the payment is reversed in a matter of minutes. FinTech Tools have revolutionized the way consumers interact with financial institutions and organisations. At the beginning of the 21st century, financial organisations worked with financial technology experts to optimise their services and provide better user experience using IoT, Blockchain, Cloud and other emerging technologies.
Fast-forward 2018 and we are at the dawn of FinTech industries growth. Reputed institutes are offering FinTech courses for professionals to upskill themselves and enhance their growth trajectory. In order to understand the landscape, it is essential to understand the finer aspects of FinTech features which influence the industry.
Now, a new wave of FinTech Tools and applications are hitting the market to appeal to the consumers and businesses alike. These new applications are powered by IoT and AI and provide simplified user experience, seamless integration with other services and much more. As a business or a professional here are a few key things to watch out for in the FinTech industry.

Analytics Are Everything

One of the key aspects of FinTech Tools is the ability to provide real-time data and analytics to both users and businesses. This data will focus on problem areas of the business, provide insights to take business decisions which will reduce costs and utilise resources effectively. Most banking and financial services have complex layers of processes which would require time and energy to sort through. Analytics help simplify this and provide only assets which would enhance the business.

Fintech Are Increasing Relying On AI and Machine Learning

While Block chain changed the way transactions are made and managed by financial institutions, AI and Machine Learning is helping businesses reduce cost, effectively utilize resources through automation. Artificial Intelligence has the ability to learn and perform tasks thereby empowering business to make strategic decisions in a timely fashion. Plus, it helps curb financial crimes such as fraud, theft and protects data.

Risk Mitigation

In the financial world, it is imperative to keep crimes at bay. Blockchain has ensured that every transaction is recorded and sealed to prevent fraudulent activities. In addition there are also software which are now available which offer clients an understanding of their finances so that they can prepare their financial goals and mitigate risk.

Conclusion

The FinTech revolution will provide a significant opportunity for both businesses and individuals to harness the power of technology to enhance customer experience.

How to Traverse the Future of Fintech The Best Fintech Courses to Learn?

Posted on by Imarticus Learning

If you working in finance already, or are interested in switching to finance as a career choice, you will most likely have heard of the high number of opportunities present in the field. Huge changes are being implemented in the way finance is done now, and a digital transformation is happening already – therefore, professionals need to have a larger skill set too.
Today, you can be certain that most of what is known today about finance will become obsolete or unnecessary in the next decade or so – such is the digital transformation occurring. The digital disruption movement has arrived at finance, and it can be visible in instances like the rapid growth of Zhong An. The digital insuring company Zhong An currently has more customers in five years than what traditional giants like Citi, JPM and HSBC have combined, even though they have been in the market for more than a century now.
SO how do you obtain the skills which are required for you to make a splash in this field? Luckily, there are many Fintech online courses available today. Actually, Fintech Courses in India are making quite a splash, and have an increasing number of students with every passing day. This is because both working professionals in finance and rookies feel the need to understand the digital transformation that is happening today.
Some of the best Fintech Courses available have been mentioned here, in no particular order. These courses touch upon most new technologies, from blockchains to cryptocurrencies and machine learning, since these are the innovations which are most likely to have an impact on your career as a Fintech professional.

Best Fintech Courses     

Oxford Fintech Program, Said Business School

The course by Oxford University has two broad aims – to arm the students with a working knowledge of Fintech innovation today and to impart a sense of critical thinking which would help them launch their own Fintech venture. The course has a heavy workload and has a number of practical exercises which truly stretch your mind when you think about what can be possible in modern finance. It requires some basic understanding of future of Fintech from beforehand, as it is an advanced course. The cost of the course is around 2500 Pounds, and it is an online, ten-week-long course.

Introduction to Fintech by University of Hong Kong

Taught by some of the leading academics in the field, this course is for university graduates and relative amateurs to get a feel of the field they are interested in. The course starts from some of the key concepts and progresses well. It is available online for free, too.

Innovative Banking, by Imperial College Business School

This course is meant for bankers with extensive experience in the field and those who are looking to understand the digital transformations taking place today. The course gives an idea about how you can implement Fintech systems in their own organisations. There is a focus on the new, modern blockchain technology too. It costs around 2390 Pounds, and it is a 2-day in-class programme.
If you find yourself yearning to learn more about Fintech, check out the Fintech Courses available at Imarticus Learning!