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Facing the real challenge while an examination? Check this interesting format of SP Jain’s Fintech program.

Posted on by Imarticus Learning

Are you looking for a job in the Indian Fintech industry? Fintech exams for recruitment or certification can be tough and you need to have the required skills to crack it. There are many online certification courses on the internet but many of them do not provide an in-depth learning curriculum.


The SP Jain’s Fintech program provide by Imarticus Learning will provide you industry-oriented learning. It will help you in building a successful career in the fintech industry. Read on to know more about the interesting format of SP Jain’s fintech program.

Fintech Career

 Course Overview

 

The Professional Certification in Fintech is provided by Imarticus & SP Jain School of Global Management. Along with in-depth coverage of fintech aspects, this course will also provide you experimental learning. This course comes in two formats i.e. CORE Modules & PRO Modules.


The CORE Modules will cover various tools & technologies used in the fintech sector. The PRO Modules include the topics covered in CORE Modules plus extra learning. Let us see the detailed curriculum of both modules.

 

CORE Modules

Fintech Career

 

The topics covered in the CORE Modules are as follows:

 

• Introduction to BFSI & Fintech – You will go through various case studies to understand the modern banking landscape. You will also get to work on a group project under this module.

 

• Cloud Computing & API Economy – Recruiters in the fintech industry look for candidates who are experts in modern-day technologies like cloud computing, big data analysis, etc. You will learn about APIs, open APIs & connected businesses. You will learn about API management in the fintech industry.

 

• Data Transformation and RPA – RPA (Robotic Process Automation) is used to automate many processes in the fintech industry. This course will help you in learning about process mining & optimization. It will also cover various aspects of business process reengineering.

 

• Blockchain & Beyond – This topic in CORE Modules will cover the usage of blockchain in the current fintech industry. You will also learn about various tools & applications used to provide fintech services to consumers.

 

PRO Modules

Fintech Course

 

The topics covered in PRO Modules (140 hours) are:

 

• Payments – Consumer & Wholesale – You will get to know about modern-day payment practices. This module will also help you in understanding various innovations in the payments & lending market led by the government/private sector.

 

• Use of Technologies in Payments & New Business Model – You will get to know about programmable payment systems. This module will cover various aspects like the use of AI/ML bots, cryptocurrency management, hybrid payment products, IoT in fintech, etc.

 

• Lending – Consumer and Wholesale – This sub-module covers various aspects of the fintech industry like social media-based profiling, comparison tools, regulatory frameworks, SME/MSME lending. You will get to know about the innovations in the lending/loan industry.

 

• Use of Technologies in Lending & New Business Models – This sub-module will focus on the use of data science & machine learning for cross-selling. It will also teach you about synthetic lending products using AI/ML & DeFi lending.

 Benefits of the SP Jain’s Fintech Program

• You can get your hands on the Project: Paradigm shift under this course. It will help you in working on a visionary fintech business idea/project.

 

• Your final examination will be open-book and you will have to make business decisions in this simulated test as a CXO. Upon the completion of the course, you will be handed the fintech certificate.

Fintech Career

• You will also get to be a part of the Singapore Immersion Program and can meet fintech professionals from more than 140 different countries.

 

• You will be a part of the Perpetual Learning Program (PLP) giving you lifetime access to webinars from various industry experts.

 

• You will also gain access to the SP Jain’s laboratories along with becoming an alumnus of the SP Jain School of Global Management.

 

In a Nutshell

 

The in-depth course curriculum of SP Jain’s fintech course will help you in learning the practices in the fintech industry. You will also learn about the role of modern-day technologies in fintech. You can download the course brochure from the Imarticus website.

You will be able to know the operations involved in digital banks. Start your fintech course now!

Let FinTech Help Jumpstart the Economy

Posted on by Imarticus Learning

The year 2020 opened with a global crisis. The COVID-19 pandemic is reshaping the business and development sectors. The impact of this on the world economy is calculated to be worse than the 2008 crisis. However, there are fundamental differences between the two cases. The epicentre of the economic crisis in 2008 was big banks, whereas this time around the impact is more on the Fintech. However, they can come a long way in helping economies to recover from this crisis. If you look deeper into the segment, there are some advantages in the way they work. Most of them are typically online platforms, so they can continue to function in the remote-work environment, and most of them can process a large amount of data.

How Can Fintech Help?

Fintech could leverage artificial intelligence and machine learning to collect and analyse data to perform predictive analysis. This will help the firms to re-design the products and services to suit the changing economic landscape across the world.

Most of the fintech companies are trying to rise to the challenging situation posed by the COVID-19 pandemic outbreak. Many fintech companies are relaxing their terms and conditions and amending their service norms to help their clients deal with the crisis. Fintech across the globe – from India to Russia, U.K. the U.S etc. are using their data insights and talents to extend generosity.

Let us look at some examples. The London-based fintech Aire has come forward to act thoughtfully – they have offered free access for three months to their credit insight service. They have considered that the lenders are stretching beyond limits and are struggling to put up a real-time picture of their customers.

India’s leading fintech in cryptocurrency, CoinDX has successfully raised 3 million dollars in Series A Funding. The company can use this to launch new products and support market research and development. They are actively pursuing their vision of leading India into a 5 trillion-dollar economy. Being India’s largest exchange, they are shouldering the responsibility to lead India’s crypto adoption.
Another fintech, Digital Onboarding, extended free unlimited usage to empower their customers and help them understand how to use their digital services and access money online, without having to visit their branches.

The COVID-19 crisis has pushed organizations to re-think the conventional concepts of payments and money and try to broaden and innovate the scope of re-thinking the way business is being done. This crisis is not considered as a shock that pushes the gig economy further to new levels. Instead, many fintech like to see this as an opportunity to think about continuing the business with limited resources, shifting to co-working spaces, for instance. To acquire better fintech capabilities, many organizations are encouraging their employees to enrol in good online fintech courses.

It prompts the way work has been done. They are trying to continue their work seamlessly from remote spaces using existing tools like video conferencing and project management tools. Some organizations are considering combining virtual reality and artificial intelligence to convey information more effectively than it is done through face-to-face meetings. The COVID-19 crisis has kick-started the convergence of physical and digital working and this could prompt a significant reduction in the need for big office spaces.

Conclusion

Fintech companies are leading the way to re-look and re-imagine the way business is done today. With many organizations are following the path, there will be a substantial increase in the number of businesses leveraging technology to facilitate remote working options. Businesses are surely going to benefit from this cultural shift. Fintech companies are going to jump start a transition that is going to have a ripple effect on other economic sectors.

How Do You Get The Blockchain Certification Online?

Posted on by Imarticus Learning

What is Blockchain?

The blockchain is a revolutionary technology that supports the digital sharing of data/information. It is widely used for online transactions and cryptocurrency management. It can be considered as a type of digital spreadsheet/diary which contains information in respective blocks. Each block directs to the address of the previous block.

There is no central point of control in blockchain technology. The data is also highly protected and everyone could see the information but they cannot alter it. Each block produces a hash code that strengthens its network security even more. In this article, steps for getting an online blockchain certification will be discussed.

Few clarifications on the Online Certification

• Blockchain is fully legal and used by a lot of firms/companies as their main technology. According to LinkedIn, Blockchain is the second most required hard skill globally by the firms in 2020.

• An online certification from a trusted source is also secure and it will act as a real professional certification in need.

• There is no restriction of background studies to get a blockchain certification online but it is better if you are from a technical field. A little prerequisite will help grasp new technologies better.

Pros & characteristics of an online blockchain certification

• 2020 is a testing time for mankind as we are dealing with a pandemic. Most of us are sitting at homes and not doing anything productive. We can utilize the time and can add some more points to our resume with the help of distant learning.

• One should always research and choose the best certification course available. One such institution is Imarticus Learning where the professional certificate in fintech consists of all the blockchain and integrated technologies.

This Professional Certificate in Fintech consists of two main batches, the first batch teaches us the blockchain technology and its use cases in the financial world.

The first batch is of 60 hours of study in two months. The second batch focuses on understanding financial transactions, cryptocurrency management/transactions, etc. It is also of the same duration as the first batch.

• Besides financial institutions, blockchain is also used by healthcare experts, firms with goods/commodities. Blockchain is a means of peer to peer sharing and digital information is generated in many fields. Learning blockchain and its uses can open many career paths for you.

• The aforementioned educational firm Imarticus Learning is one of India’s leading professional course providers who have successfully trained over 35,000 trainees. It is also in collaboration with some big fintech giants and IT firms which will increase your circle of connection.

• One can learn and use blockchain technology in their businesses for transparency and traceability. Everyone uses some or other means for information sharing and when blockchain provides a more stable and secure means of sharing, we should give it a try.

• One can enhance their existing business by learning blockchain. One can use blockchain technology in the insurance field, supply chain management, and many more.

• Here is the link containing the course overview of the Professional Certificate in Fintech provided by Imarticus Learning, it will help you in getting a detailed analysis of the course before getting started.

Conclusion

There are many lucrative jobs in blockchain technology and it is a trending technology of the modern era. To go with the flow would be the best thing. One can simply look up the internet and apply online for blockchain certification.

The aforementioned institution names and link addresses will help you in choosing an effective course. This article was about ways to get online certification in blockchain technology. I hope it helps!

How Fintech Ensures about Your Security of Transactions In The Digital Era?

Posted on by Imarticus Learning

Introduction

Fintech companies are witnessing major growth nowadays because they are disrupting traditional banking services. People can now get banking services just from their smartphones and there is no need to visit a physical bank. The recent coronavirus outbreak has also forced people to adopt the digital method for payment/transactions.

People can now shop, book rides, and do many things with the help of fintech services. They also have access to their financial records more than ever due to fintech companies. The risk of hacking & fraud is also associated with fintech services and fintech players have to ensure that they secure their user’s transactions.

Let us how fintech ensures the security of transactions. 

How does Fintech Work?

Fintech services can be availed via smartphone. One can download the mobile application through which fintech services are provided. Each fintech user has a unique ID and bar code. By using the two-factor authentication system, one can make payments to others. Some fintech applications also use Bluetooth for connectivity.

In the case of online bank transfers, the transferred money is encoded in multiple layers before it goes on the internet, and when it is received by the recipient’s bank, the information is decoded and is deposited in the receiver’s bank as currency. Fintech also provides online insurance and loan facilities.

Technologies like artificial intelligence, machine learning have helped in collecting the financial data of any user and analyzing it. Once you apply for a loan online, your credit history & credit score will be checked via smart back-end algorithms and if you are eligible, your loan request will be passed.

The online transfers also provide confirmation mails & calls on the successful transfer of money to notify both the parties i.e. the receiver & the sender. Many independent agencies like Automated Clearing House (ACH) also help in securing financial data transmission via online medium.

Security Measures in Fintech Services

The security measures adopted by fintech companies to secure the transactions are as follows:

  • Data encryption is a key feature in fintech services. They encrypt data using symmetric or asymmetric means of encryption and it is decoded at the receiver’s end. If somehow some hacker/fraud tries to access the data in between transactions, the hard encryption makes it impossible to access sensitive information like account number, banking password, etc. The most used encryption techniques by fintech firms are the Advanced Encryption Standard (AES), Rivest-Shamir-Adleman (RSA), Triple Data Encryption Standard (TripleDES), Twofish, etc.
  • Management of third-party services is very necessary to enhance the security of transactions. For example, one can book a cab using some fintech application and the payment will be automatically deducted from your e-wallet on the completion of your ride. The firm needs to have a strong interface so that third-party services are secure. The interface and architecture must be very secure.
  • Fintech firms use pair programming to ensure quality coded mobile applications. A messy and buggy code is very easy to hack.
  • Secure identity verification & authentication is ensured by fintech firms. They use various approaches like Role-based Access Control (RBAC), Password Expiration, Session Timeout system, etc.
  • Meaningful data is turned into random strings via tokenization which helps in increasing the security of data. It is an important process used by fintech firms to secure their users’ data.

Conclusion

If you are thinking to start a Fintech career, you must be aware of the security processes because security is the main aspect of fintech services. The sensitive information of clients should be preserved in all circumstances. This was all about the security measures in fintech services.

How and Where To Find a Fintech Career in COVID -19?

Posted on by Imarticus Learning

Introduction 

 

The fintech sector is witnessing a lot of upward mobility. They have completely disrupted the traditional banking services and are providing banking services right on the fingertip of customers. The recent Covid-19 pandemic has taken its toll on almost all the sectors. But, in the fintech sector, technologies are helping in automating the financial processes.

 

The employees can work remotely and can provide financial service to clients via online medium. There are a lot of start-ups that have launched themselves recently, they require IT & banking experts who could work with them. Let us see how one can find a fintech job amidst the Covid-19 scenario.


Where to find Fintech Jobs?

 

You can look for fintech jobs on LinkedIn which is a great platform. A lot of firms put their job requirements on this platform and people can apply themselves for any particular job role in the fintech industry.

 

There are a lot of job opportunities in the fintech sector, and you should keep searching on corporate social media sites. There is no need to be an expert in financial knowledge, there are a lot of other job roles in the fintech sector which need IT-experts. Fintech has adopted a lot of new technologies like machine learning, artificial intelligence, etc. They need deep-technology experts who can make better algorithms.

 

Tips for Finding a Job amidst Coivd-19 Scenario

 

• Keep yourself connected to the market. You can apply for jobs via LinkedIn, mail and you should keep doing it. Let people know your skills beforehand.

 

• Keep your business profile & C.V maintained. You can display your acquired skills on your profile so that people could reach out to you with a little bit of prerequisite. 

 

• There are various job roles in fintech, make sure to analyze your skills and apply for that job role. It will help you in getting the job easily. Make sure you keep yourself updated with various job roles in fintech like Customer Support Executive, Software Developer, Financial Analyst, Data Scientist, Business Analyst, etc.


What to do?

 

• If you have a bachelor’s degree in finance, accounting, or economics, then it is best for you to go in the fintech sector. There is no compulsion of getting a degree to enter the fintech industry.

 

Fintech online courseOne can know more about the fintech sector via online Fintech courses available on the internet. Many prominent courses/certifications also come with hiring chances.


Make sure you have some education/certification before entering in the fintech industry, it will help in your upskilling.

 

• A job seeker in the fintech industry should analyze one’s skill set. Make sure that you have skills like analytical skills, programming skills, etc. One can also learn about machine learning, blockchain, deep learning, etc.

 

There are also jobs for cybersecurity in the fintech sector. The more skills you have, the more valuable you will be as an employee.

 

Trends in the Fintech Sector

 

One should be aware of the trends in the fintech industry if you are seeking for a job. This will help you in learning new technologies and be updated about the industry. Some of the latest trends in the fintech industry are:

 

• Platform as a Service (PaaS) is being adopted by many fintech firms.

 

• Usage of artificial intelligence, machine learning in automating processes like credit report generation, customer support, etc. It helps in cost optimization. 

 

Conclusion 

This is the right time to start building your Fintech Career. A lot of new companies and old giants are witnessing major growth. The fintech industry is predicted to grow at a massive annual growth rate of 24.8% until 2022. This was all about how one can find a job in the fintech industry.

Blockchain Project Ideas for Beginner or Student in 2020!

Posted on by Imarticus Learning

What is the Blockchain Technology?

Blockchain is a technology that supports online transactions/information sharing. It can be referred to as a diary or a spreadsheet that contains the record of transactions. Each block directs to its previous block.

It is a decentralized technology with no central controlling unit. Everyone can access the information but cannot manipulate it due to extreme security in blockchain.

Every user shares equal authority and can only read the information. Each transaction generates a hash code that uplifts the network security.

 

Blockchain is widely used in digital transactions and cryptocurrency transfers in present times. It is also used for other things which include record maintenance.

Let us see some blockchain project ideas for beginner/student in 2020 in this article.

Identification of copied brands

Every successful brand has an imposter available in the market. These fake suppliers use the name of the brand and sell their goods/commodities. This leads to confusion and distrust among consumers.

Every original manufacturer has a barcode imprinted on its product label. This barcode is unique and can be scanned by anyone to check the originality of the product.
This information can be connected to blockchain technology.

One can develop an application for smartphones that could do the aforementioned work. Previous works are done in this field but still, a lot of fake brands are available in the market. There is a lot of scopes to increase accuracy in this field. It can be a brilliant project idea.

Web hosting

You can host through the web using blockchain where the authority is decentralized. If you are building a centralized server then the maintenance cost will go high and it can encounter traffic issues from time to time. One can distribute the services all over the web and can link it back as and when required using the blockchain registry. This will reduce the traffic and maintenance cost.

Supply Chain Management (SCM)

SCM contains all the processes of a raw material being converted to finished goods. It handles the supply side of any product/service and monitors the flow/storage of goods/services. with the usage of blockchain, we can easily detect the chronology of ownership of the product from being a raw material until the end consumer.

The transparent and traceable nature of blockchain will help in such tasks. The licensing of products/services can be done easily using blockchain. The cost will be cut down and security will increase. This project can bring a revolution in SCM.

Insurance Sector

Sometimes a lot of time is taken to process the documents before allowing the insurance. This can be done through blockchain and the documents and reports can be accessed quickly by the insurers which will ultimately decrease the time of insured money which is reaching its destination. The traceability of blockchain will help in this process. People can understand the cost risks easily and it will also help insurers in cutting down the cost.

E-voting

A lot of E-voting campaigns have been carried out already. People still don’t trust E-voting as security concerns are there. With the use of blockchain technology, we can increase security. We can also make the information transparent to the required authorities who can keep an eye on malicious activities.

It can be a far-fetched thought but if applied properly can give us a fair & secure voting system. It can cut down the cost of various polling booths that are physically made and monitored during an election.

Conclusion

Blockchain ensures the highest number of reaches through its traceable and transparent nature. The security is also managed by the hash functions generated after each block. The level of peer to peer sharing is quite high in the blockchain.

There are many blockchain online courses available on the internet to help you out. This article was all about some blockchain projects/ideas for students/beginners in 2020 which can bring a revolution in respected fields. I hope it helps!

What Is Fintech in Banking?

Posted on by Imarticus Learning

Understanding Fintech in General

Fintech can be explained as the use of cutting edge technology to provide solutions in the financial domain to increase customer satisfaction and bring more convenience to the final users.

This evolution within the financial industry aims to introduce new tech-savvy financial products and services most of which helps to automate repetitive processes that earlier required human intervention.

The digital world is fast-paced and the use of the internet has transformed every industry. To cater to the needs of an aggressive customer base, the evolution within the financial domain was indispensable. The collective approach towards problem-solving in the financial services domain using technology has produced a spin-off that has been coined as Fin-tech.

Fintech in the Banking domain

Fintech is totally on the verge of disrupting the consumer banking industry. The disruption is inevitable given the simplicity of services in the traditional form of banking which can now be rendered very conveniently through the use of technology.

If you look closely the technological advancements have also changed the financial procedures and the way these institutions function.

Let’s look contextually into some of the major aspects of banking that the Fintech has redefined.

Credit Services 

Fintech has expanded the horizons when it comes to providing loans. Some of the prominent Fintech companies have taken upon themselves to bring more transparency and ease in the borrowing process by eradicating unnecessary documentation and other loopholes. They aim to simplify the process of obtaining financial aids for businesses and individuals.

Payment Services

Not much long ago, payment transfers and related services was a challenge for the customer. From long queues to limited banking hours and whatnot, it was a painful experience. Today a service or a product is not just limited to providing a solution but providing a memorable experience for the customer.

Keeping the customer experience in mind the Fintech companies have revolutionized the payment services segment totally. Payment using smartphone applications and the internet is the norm today, thanks to the harbingers of the Fintech revolution.

Wealth Management Services

Fintech training has redefined the way people are saving and investing their hard-earned money.

There are companies like Robinhood whose mission is to reduce the income inequality that prevails in society by providing commission-free trading and investing platform.

Today people want what’s best for them and not a general best seller, realizing this gap Fintech companies are catering to customized investment solutions for people looking to invest their money.

How is it changing the banking domain?

Let’s see how the banking sector has been transformed drastically with the advent of Fintech companies in the context of digital & mobile banking services.

Digital Banking

One of the best things about the digital space is that it is not constrained by geographies. This feature alone has helped many banks to expand their customer base in multiple territories without having to invest in building a brick and mortar outlet. Other than this the services are available for the 21st-century consumers who don’t sleep, meaning 24*7 has been the norm.

Mobile Banking

With the proliferation of e-commerce and food-tech companies, the consumers needed a more convenient method to do the transaction. Realizing this need the Fintech companies have designed mobile banking solutions that just require your smartphone and bank details to start a transaction. Problem solved!

Conclusion

Fintech has totally changed the banking industry for good. Mobile banking and digital banking services have mended the follies of traditional banking services. Focusing more on the customer experience aspect the Fintech companies are boosting the customer satisfaction level to new heights making them more loyal and committed to the service providers.