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Tag: Fintech online training

5 Benefits Of Gamification In Fintech

Posted on by Imarticus Learning

5 Benefits Of Gamification In Fintech

Financial services are tough to make interesting since they are all about tables, charts, and figures. Nonetheless, businesses across industries are attempting to boost client engagement through digital solutions, and Fintech is no different. One approach is to include gamification in financial products. 

Game-like characteristics assist financial institutions in engaging people more effectively and turning ordinary procedures into enjoyable and rewarding activities. How can gamification benefit a finance app? Here are the advantages of using gamification in Fintech but first, let us understand what gamification is.

What is gamification in Fintech?

Banking gamification is the practice of making banking a more fun and engaging experience, similar to that of playing a game. Gamification applications seek to enhance customer engagement. The banking sector may use game mechanics to improve client experiences and increase trust in their product offerings. 

Overall, gamification in Fintech aims to increase app user engagement and loyalty to the financial service provider. It helps provide new life to goods that might otherwise be dull; in other words, it seeks to transform a financial or business app experience from a task on a to-do list into a pleasant activity.

Some of the benefits of gamification:

Attract new customers

One of the most compelling reasons to gamify your financial app is that it will significantly increase your profitability.  Of course, referral systems are nothing new. To some extent, almost every corporation and sector has adopted a referral system. 

There are also plenty of facts demonstrating how powerful they can be. Gamification is a powerful method for acquiring clients. However, as many developers are aware, it does not stop there. Retention is considerably more critical for the success of a financial app.

Increased customer awareness

Financial institutions may profit from increased customer loyalty and word-of-mouth promotion by developing an enjoyable app. Furthermore, banking gamification can allow for real-time entry of new information and raise consumer knowledge of their financial condition, simultaneously increasing their purchasing power and brand loyalty.

Cloud Architecture

Banking gamification lends itself well to being developed on cloud services. Developers may ensure that their applications run on numerous platforms without relying on legacy software and infrastructure.

Gamification assists clients in using the app successfully.

Fintech applications assist users in solving problems, such as saving more money or increasing their wealth. Gamification should thus always be used to achieve this purpose.

Discover fintech certification programs with Imarticus Learning

The best fintech courses in India offer a comprehensive overview of FinTech and strategic and hands-on instruction in technologies like Cloud Computing, AI, APIs, Blockchain, Machine Learning, IoT, and RPA.

Course Benefits for Learners

  • Learners will discover how to use machine learning and blockchain technology concepts in their daily operations.
  • Fintech has a promising future, and learners may stay up to date by attending networking events, job adverts, or webinars.
  • Fintech training courses will provide students with essential tools to help them find their desired careers after graduation!

Contact us through chat support, or drive to one of our training centers in Mumbai, Thane, Pune, Chennai, Bengaluru, Delhi, and Gurgaon. 

Embedded fintech courses online: What is it?

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Embedded fintech courses online: What is it?

The flawless integration of financial products into a typically non-financial platform is known as embedded finance or embedded banking. Customers may use it to obtain financial services within the application and in context.

In practice, embedded finance enables organizations and corporations to create new income streams and reimagine the services they provide to their consumers. This is beneficial not just for those businesses, but also for consumer convenience — it is typically simpler to buy things connected to a primary buy from the same source rather than having to engage with three different businesses throughout the day.

There are several fintech courses online that can guide you in the field of Embedded fintech. These courses can be the right pick in case you want to pursue a career in Fintech.

 What is Embedded Fintech?

 Embedded Fintech integrates financial goods that are suited to the requirements of certain groups of consumers into portals where they already exist. It offers bespoke suites of products, at the time of need, with no barrier to adoption.

In the future, embedded fintech will employ contextual data and impulses to provide appropriate financial products. This will be done in a deliberate, targeted manner, resulting in a smooth experience for customers to embrace them inside the platforms they now use.

 Embedded fintech is an integrated fintech solution housed within a platform that did not begin as a fintech and does not appear to be one on the surface. For example, Uber.

 In Embedded Fintech, the complete user experience is contained within the platform and is not sent to a different provider at the moment of application. Financial goods are presented to customers at the time of need, with no gaps in the customer experience.

 What does an Embedded Fintech Course Teach?

  • A good embedded fintech course must introduce you to the world of the Global Payment Ecosystem, the processes associated with it, the modes, and various charges.
  • It should also deal in innovation in Consumer and Retail payments led by Govt & Private Sector.
  • It must introduce you to the POS-based ecosystem.
  • The future is all about Blockchain and Cryptocurrencies in programmable payment. It must teach that.
  • It must teach how to use loT and Big Data 
  • Contextual Payment must also be thoroughly dealt with in any embedded fintech course.
  • A productive embedded fintech course must teach you the role of DeFi in lending
  • It should train you in Synthetic Lending Products using A1/ML
  • It should teach you to use Credit Counsellor and Robo/Bot for faster approvals & funding
  • It must help you learn how to utilize data science tools and machine learning for data mining/ cross-sale

 Uses of Embedded Finance

  1. At every level of production, the oil and gas sector relies on specialized equipment and manpower. Marketplaces specialized in the industry’s distinct and diverse demands are now making it possible to simply compare shops for heat exchangers, drill bits, pipelines, and other products. They also make it possible for service providers to reply to RFPs without leaving the experience. Both buyers and suppliers discover possible providers and clients that they would not have discovered through their own networks or web searches.
  1. The demands of the construction sector are highly specialized. Finding a replacement component for a certain make and model might be challenging, even when browsing the internet. Construction-specific B2B marketplaces make it simple, offering a wide selection of options for customers and sales possibilities for suppliers.

 Conclusion

 There is no dearth of financial technology online courses. Opting for a good online fintech program can give you the skills you need to flourish as a professional in the field of fintech.

The future of Bitcoin and the cryptocurrency economy

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The future of Bitcoin and the cryptocurrency economy

Cryptocurrency seems to be the future of transactions and payments. Millions of dollars in cryptocurrency is exchanged every day, increasing the total valuation of the market which is already in trillions. Just in 2021, the crypto market crossed 2 trillion dollars. The value of a Bitcoin has been fluctuating from $30,000 to even over $60,000. Proving many predictions about its downfall wrong, Bitcoin has still managed to remain highly valuable. There are more than 11,000 cryptocurrencies that are stored across more than 100 million digital wallets. Economists and experts have been reported as declaring that the crypto universe will only become more relevant in our day-to-day lives while the cryptocurrency economy keeps growing.

Currently, cryptocurrencies are used as investments by individuals, crypto-farming or crypto-mining firms, and small groups. However, experts predict that institutions and banks will soon start investing in crypto assets as well.

The future of Bitcoin

The future of Bitcoin seems to be bright according to many crypto market experts while some believe that it is a bubble that is about to burst. According to experts, Bitcoin might not touch absolutely zero, however, the long-term value of a Bitcoin might be closer to $100 than it is to $100,000. Even without Bitcoin increasing in value, the cryptocurrency might become quite common in retail and daily transactions. 

Bitcoin transactions are still quite slow and charge a hefty network fee (close to $20), thus still not being a preferred mode of payment. The distributed ledger technology behind Bitcoin can only support about 180,000 transactions daily while other centralized or national payment systems can enable 100,000 to 300,000 transactions per second. This is another reason why Bitcoin will not be replacing regular currency anytime soon. However, with a second layer or lightning network that bypasses the blockchain, other cryptocurrencies offer much faster transactions and lesser network fees. Bitcoin (BTC) can also be threatened by the likes of Ethereum (ETH), Litecoin (LTC), and Ripple (XRP), which users are preferring due to faster transaction speeds and the coins having a lower value.

The future of the cryptocurrency economy

According to Kenneth Rogoff, a Harvard University professor of economics and public policy, the market capitalization of cryptocurrencies can become anything between $5 trillion and $10 trillion. If cryptocurrencies start being processed through verified ETFs or exchange-traded funds, then the number of people investing in cryptocurrencies will automatically increase. However, due to being decentralized, authorities and governments cannot monitor or track crypto-based transactions. This ends up helping many illegal activities such as weapon trading, money laundering, and drug peddling. Thus, regulatory bodies across the globe will not allow cryptocurrencies to enter the mainstream economy that easily.

Cryptocurrencies are finite and only a certain number of them can be generated. Thus, these coins will retain their value due to their rarity and a lack of overabundance. Till the time cryptocurrency users believe or trust in these coins and their worth, the value of the cryptocurrency market will keep soaring.

There are already platforms that promote institutional-grade crypto trading and investments. Cryptocurrencies are true alternatives to conventional currencies but lack the guarantee centralized currencies provide. There is a risk factor and a lot of anomalies in the performance history of cryptocurrencies. If cryptocurrencies are floated on NASDAQ, eventually, they will gain more credibility. Cryptocurrencies are decentralized and minted on blockchain networks, thus, already being impossible to manipulate by any single entity. A fintech course with blockchain certification or a Bitcoin course can definitely help you learn more about cryptocurrencies.

Blockchain: The New Technology Of Trust?

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Blockchain: The New Technology Of Trust?

Blockchain technology was first established in 2008. The sole purpose of its invention was to power and support Bitcoin. Notably, Bitcoin was brought to the world in 2009 though. 

Businesses and organizations from various industries, be it from technology or a non-tech background, are now relying on blockchain to keep their data safe and secure. People working on the blockchain are called miners and they also get paid in Bitcoins. 

To learn more about blockchain and several aspects of it, keep reading this article. You can also sign yourself up for a blockchain certification course that will help you get a much more in-depth knowledge of this profession.

What is Blockchain?

Blockchain is nothing but the decentralization of databases across all computer networks. It is hugely used in Bitcoin transactions and helps protect the privacy and security of all transactions. It archives this by eliminating all third-party uses which normally interfere with your transactions with banks or other financial means.

Blockchain is generally used by individuals or parties that do not trust each other to interact and transact between them anonymously and securely. In that way, they can collaborate on various goals together which will eventually benefit the entire group.

How does Blockchain work?

A blockchain acts as a database, storing information in electronic form. The database of a blockchain differs from that of a traditional database in how it is actually structured. Blockchain works by assembling and putting data together into small groups, called blocks. 

Each individual block helps in storing sets of particular information. When one block reaches a certain storage capacity and cannot hold any more information in it, then that particular block gets closed off and linked to a previously filled block. Thus, creating the data chain known as the blockchain. Then, this process keeps getting repeated again and again.

Whereas a normal database organizes data into tables, a blockchain puts it into blocks that are then linked together. Because these blocks are created in a decentralized manner, all of these individual blocks are given a timestamp as they become immortal and part of the blockchain history. 

What are some of the advantages and disadvantages of Blockchain?

As with every technology, there are advantages and disadvantages associated with them. This is true for blockchain technology as well. Below are some of the points explaining it:

Advantages: 

  • Blockchain is an open-for-all platform, meaning any and everybody can join and access this network without anyone’s permission.
  • There is a feature in blockchain called zero-knowledge proof where anybody can verify the accuracy of the data without receiving any information about the data.
  • There is no need to worry about losing data because the blockchain keeps duplicate copies of data at each local node, in a decentralized network. All information recorded here is permanent.
  • Blockchain is free of censorship as it uses trustworthy nodes for validation and consensus procedures to authorize transactions via smart contracts.
  • By eliminating third-party participation in transactions, blockchain helps in reducing errors. It makes the system and transactions within it more efficient, smooth, and speedier.
  • Because blockchains do not require a third-party helper to assist in their transaction processes, they save money for businesses while also establishing a relationship of trust with other partners.

Disadvantages: 

  • As this technology is only a couple of years old, people normally do not know very much about blockchain. Even if they know somewhat about it, because of the lack of technological education, they are hesitant to invest in it.
  • Blockchain transactions’ verification uses a lot of energy. According to reports, a whopping 0.3 percent of the world’s total electricity was consumed in the verification process of blockchain transactions in 2018.
  • Blockchain miners are required to compute nonce values several times to add the next block in the chain. It is an extremely time-consuming process that must be refined if blockchains are to be used professionally and on a daily basis.
  • Blockchain is banned in a lot of countries, concerning environmental reasons.
  • As the databases in blockchain are stored in all the nodes around the system, it creates a storage issue. As a result, the more transactions happen, the more storage is required to store all that information.
  • There are still some hesitations in some financial institutions, as they are wary of blockchain. There needs to be work done in other technological aspects to fully implement blockchain and utilize it in an industrial setting.

Conclusion

A career in fintech in today’s day and age is all the rage for students and working professionals in different industries alike. If you are interested in pursuing a career in this industry, skills in blockchain technology are a must. If you are already a blockchain developer, then also you can always upskill to increase your salary potential. 

Check out one of the best fintech courses in India and sign yourself up for a quick blockchain certification course now!

Cloud Computing: What’s The Ideal Scenario For Using Edge Computing Solutions?

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Cloud Computing: What’s The Ideal Scenario For Using Edge Computing Solutions?

The Banking and Financial Service Industry (BFSI) has been evolving with emerging technologies. The adoption of modern technology has become of prime importance for customer satisfaction, security, and transparency. 

Several technologies, such as Artificial Intelligence (AI), cloud, and 5G, combined with edge computing, have endless opportunities in the fintech industry. Though these latest solutions are available in the market, there are very few experts who can work with these technologies. 

Edge computing is still evolving, and one needs to have a complete understanding and awareness of the steps followed while handling edge computing solutions; otherwise, banks and financial institutions may have to undergo unwanted events. 

BFSI industry deals with various money-related operations and processes. Implementing fintech can be a big step for any bank and financial institute. But, these institutes prefer to adopt modern fintech to maintain their competitiveness, brand recognition, and the top position in the market. Suppose you are interested in being part of the contemporary and advanced BFSI and making a lucrative career in it. In that case, you need to learn the fundamentals of BFSI and develop your skills for fintech solutions. 

A Career in Fintech

If you have a background in finances and want to experience professional growth in BFSI, fintech is the best option in today’s modern world. Though the banking sector is one of the early adopters of technology, it is still facing issues in making its services faster and more efficient. Modern fintech solutions are still emerging with new technologies that put BFSI under pressure to keep its data safe and secure. Thus, experts must work on available solutions to protect infrastructure from vulnerabilities. In addition, it offers enthusiasts enormous opportunities to make a career in fintech.

To start with, you need to learn the fundamentals of BFSI and fintech in the BFSI sector. The modern banking landscape is dynamic and includes a complex financial services value chain. Imarticus Learning Pvt. Ltd. offers a Professional Certification in Fintech. This course covers the fundamentals of the BFSI and develops participants with the required skills in the digital transformation of BFSI organizations. This online Fintech Program includes three basic modules:

  • Introduction to BFSI and Fintech: Modern banking landscape, financial services value chain, and interaction with the bank, case studies, and group project
  • Cloud computing and API economy: Introduction to cloud computing and critical evaluation, API economy, open APIs and connected businesses, and the art of building robust, secure and scalable APIs
  • Digital transformation and RPA: Business process reengineering, robotic process, and intelligent automation, process mining, and process optimization

After these core modules, the course also covers pro modules for in-depth knowledge and skill development, including:

  • Payments- consumer and wholesale: Introduction to payment ecosystem, innovation in consumer and retail payments, and innovative products
  • Use of technologies in payments and new business model: Use of new technologies like blockchain, cryptocurrencies, IoT, big data, AI, ML and Bots, and hybrid payment products 
  • Lending- consumer and wholesale: Regulatory framework, social media, dynamic credit rating, risk management, SME/MSME lending 
  • Use of technologies in lending and new business model: DeFi in lending innovation, data science tools, and ML for data mining/ cross-sale

These modules provide a complete understanding of changing the BFSI sector with technology and how one needs to be dynamic while aspiring for a career in BFSI. But, to start working on real-world problems in the BFSI sector, you need to be prepared for real-world challenges and how these challenges can be overcome. 

To ensure BFSI career aspirant is ready to start full-time work in fintech, Imarticus Learning’s online fintech program participant works on a group project and an open-book case-study-based evaluation as a mandatory requirement for the certification. Thus, you will be ready with a theoretical base and practical knowledge to help BFSI organizations transform their businesses. 

The online fintech program opens the door for your career with various opportunities such as regulatory affairs counsel, chief product officer, digital transformation manager, blockchain strategy manager, robotic process automation project manager, design thinking specialist, chief information security manager, cloud infrastructure architect, process automation lead developer, etc. 

Thus, if you are interested in making a career in any of the departments of BFSI with fintech, such as insurance, IT project, service, baking, and financing, Imarticus Learning is the only institute offering a 100% online fintech program with in-depth exposure in the theory and practical sessions. Contact the Imarticus webpage or visit one of its training centers in Mumbai, Thane, Chennai, Pune, Delhi, Bengaluru, and Gurgaon for more information. 

5 Ways AI Is Transforming the Fintech Industry

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5 Ways AI Is Transforming the Fintech Industry

Due to the expanding number of internet users, Fintech is becoming one of the ever-growing businesses. Several technologies work behind the scenes to make the financial business more secure, rapid, and scalable. Artificial Intelligence (AI) is one of the technologies that has fundamentally transformed the financial business (AI).

The demand for AI has increased as the financial industry’s desire to comprehend data patterns has grown. This is because AI algorithms are significantly more efficient than humans in identifying data patterns, which helps businesses better understand useful financial knowledge and their target audience. In this article, we’ll look at five ways Artificial Intelligence has changed the Fintech sector and one of the best Fintech courses in India for getting into this fast-growing field.

Artificial Intelligence And Fintech Industry

AI refers to the intelligence demonstrated by machine learning. Devices that use their cognitive functions recognize and solve issues in the same way humans do, if not better. It has succeeded in making a huge effect by accomplishing the seemingly impossible.

Artificial intelligence can be utilized extensively in processes involving financial transaction auditing. In addition, AI can also be quite helpful in the Fintech industry when assessing numerous pages of tax adjustments. 

It also has the potential to predict how customers would react to specific circumstances and issues. So, finish your Fintech training courses using AI systems and enter this ever-changing industry.

Various Ways In Which Fintech Industry Is Being Transformed By Artificial Intelligence

Here’re some ways in which the Fintech is being transformed by AI: 

  1. Stronger security

In the Fintech business, AI has proven to be a huge success because it significantly improves security. AI has allowed the introduction of chatbots to help solve customer queries, especially related to product security like passwords, account issues, etc. For example, they can help customers retain old passwords and change them if they forget the password.

  1. Better customer service

Artificial intelligence has improved customer service, which is crucial in industries like Fintech. AI has produced various customer service products like virtual assistants, chatbots, and AI interfaces that can reliably engage with customers to deal with customer problems and queries.

  1. Client risk management

Client profile based on risk score is crucial for the Fintech sector, such as banks and insurance businesses. AI can be pretty useful in categorizing clients based on the risk associated with their profile. 

The financial classification models can be trained using historical data using Artificial Intelligence technologies like Artificial Neural Network to rate the client risk profile from low to high.

  1. Algorithmic trading

Algorithmic trading analyses vital data using pre-programmed instructions, allowing for speedier decision-making. This is accomplished using machine learning, one of the most adaptable AI technologies. 

It has a lot of potential in the Fintech industry. It can assist your firm in reducing expenses, increasing productivity, and automating complicated processes in a variety of ways.

  1. Digital financial advisors

Regardless of the business, transactional bots are one of the most common AI applications. For example, the transactional bot in the Fintech sector provides financial advice and better decision-making. In addition, in the Fintech sector, setting up a digital assistant or bot for consumers improves the overall experience and customer engagement.

Professional Certificate In Fintech By SP Jain

Imarticus Learning and India’s one of the most reputed business management institutes, “SP Jain School Of Global Management”, have teamed up to provide one of the best Fintech courses in India. 

Hands-on training and real-world case studies from SP Jain teachers and industry leaders strengthen Fintech’s practical and theoretical understanding. In addition, it is a Fintech certification curriculum that incorporates artificial intelligence and Fintech technologies such as cloud computing and blockchain. 

The following are some benefits of finishing SP Jain’s Professional Certificate in Fintech:

  • It’s an entirely online course that working professionals may quickly complete, increasing their Fintech expertise.
  • The Professional Certificate in Fintech gives you access to resources from industry leaders such as BTA, PwC, and other Fintech research and technological partners.
  • To fully maximize your Fintech learning experience and open professional chances in the Fintech area, access Fintech seminars, debates, networking events, and more.
  • Students who complete the Professional Certificate in Fintech will get access to SP Jain certification and alumni status.

Takeaways

Fintech is a constantly evolving business, and with the arrival of artificial intelligence, the changes have grown increasingly technological. AI in the Fintech sector aids in managing customer interactions and risk management and aids in developing a robust security system and the facilitation of trade. 

The Professional Certificate in Fintech is one of the leading Fintech training courses that teach students how to understand and apply fundamental Fintech principles to technologies such as blockchain, cloud computing, machine learning, IoT, etc. One of India’s few Fintech certification programs, the Professional Certificate in Fintech, is available in two formats:

  • Core Module – 100 hours
  • Pro Module – 140 hours

So, complete one of the best Fintech courses in India, and enter the new world of financial technology. Contact us now, or visit one of our training centers in Mumbai, Thane, Pune, Bengaluru, Delhi, Chennai, and Gurgaon. 

Blockchain innovation and the top-notch certifications to look out for in 2022

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Blockchain innovation and the top-notch certifications to look out for in 2022

Blockchain is creating a dent in the world of business. It has disrupted the way we conduct business, the way we interact, and the way we transact. Over the last decade or so, blockchain has acquired quite an immutable status. 

If you look closely at the FinTech sector, you will notice a plethora of applications of blockchain. In fact, blockchain innovations are revolutionizing the service industry so much that a microcosm of fintech apps has leveraged this technology in its design and development. Understanding this technology, therefore, is a crucial part of working in the FinTech sector. It has become an integral module in some of the best FinTech courses in India. 

In this blog post, we will discuss the blockchain innovations you should be up-to-date on and the Blockchain certification that can help bring you up to speed. 

Why should you know about Blockchain innovations?

Hands-on, up-to-date knowledge about blockchain is an asset in today’s world, especially if you’re considering working in the financial sector. Any kind of digital work in FinTech will involve blockchain technology. If you understand how it works, you will be able to add value to the user experience as well as think of innovative applications of the concept. 

In short, knowledge of blockchain gives you a competitive edge as a candidate or a technology worker. 

Why do you need a Blockchain Certification?

Sure, working in the FinTech industry is lucrative: the FinTech market is estimated to be valued at $1.3 Tn by 2025 and is expected to grow annually at 31%. This figure encompasses almost 2,000 startups, of which 17 are unicorns. With this tremendous growth comes the need for specialized skill-sets in human resources. This is where your blockchain knowledge can give you an upper hand over others. 

Roles in the FinTech sector can vary widely, but you will start with a fundamental understanding of how blockchain works. Where can you acquire this knowledge? A blockchain certification will help you bridge the knowledge and/or skills gap. 

A blockchain certification will start with an introductory understanding of the technology and related concepts. From there, it will expand your comprehension of the technology application in the sector. 

Upon completing one of the best FinTech courses in India, you will be able to answer questions such as: How has blockchain technology made cryptocurrencies a reality? How has this technology transformed lending, security, consumerism, business models, and digital property landscapes? What makes blockchain successful, and how can we improve our products and services by leveraging this technology?

Certain blockchain certifications will involve a more specialized approach aimed at developers and cloud architects who work on the technical side of things.

No matter what profession or department you work in, blockchain certification can reap benefits like higher salaries relative to non-blockchain roles. It will give you a competitive edge and help your business or organization gain a first-mover advantage in adopting blockchain technologies. 

What makes a good Blockchain certification in 2022?

You will find that the best FinTech courses in India impart more than just foundational knowledge about blockchain. They share practical implementation and actionable insights on how you can use this knowledge in real-world business situations. After all, in the end, that’s what matters: how effectively can you address business conundrums through your expanded knowledge base.

One such course is the Professional Certification In FinTech, provided by Imarticus Learning in partnership with SP Jain School of Global Management. It combines the best of both worlds: hands-on training on intuitive and smart platforms, as well as training from FinTech leaders. Everything you wish to learn about Cloud Computing will just be a few steps away.

In the end, you will be handed a real-life business simulation for assessment of your decision-making, problem-solving, and critical thinking skills. 

If you are keen on upskilling, you can enroll or discuss it with a counselor before applying for the course. You can also visit one of our centers in your city for more information. 

What are cloud computing services, PaaS and SaaS?

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What are cloud computing services, PaaS and SaaS?

Cloud computing services, Platform as a Service (PaaS), and Software as a Service (SaaS) are buzzwords you have probably heard before. But what do they mean? This blog post will break down these terms and explain what they entail. By the end of this post, you will clearly understand each of these services and how they can benefit your business.

 What is cloud computing?

It refers to the delivery of services and applications over the internet. These services and applications get hosted in the cloud, which means they get stored on remote servers. It also allows users to access their data and applications anywhere.

This is because all you need is an internet connection. Additionally, cloud computing is much economy than traditional computing methods because you do not need to invest in expensive hardware or software. 

What is Platform as a Service (PaaS)?

It provides a platform for developers to build, test, and deploy applications. PaaS includes everything needed to run an application, including operating system (OS), web server, database, and storage. Developers can now focus on building their applications without managing the underlying infrastructure. Popular PaaS providers include Heroku, Google App Engine, and Amazon Elastic Beanstalk.

What is Software as a Service (SaaS)?

SaaS provides access to software applications on demand. SaaS applications get typically accessed via a web browser or mobile app. 

Users can pay for a subscription to use the software or for one-time use. Some popular SaaS applications include Salesforce, Google Apps, and Microsoft Office 365.

So, what are cloud computing services? Cloud computing services are simply services that get delivered over the internet. They get divided into two main categories: Platform as a Service (PaaS) and Software as a Service (SaaS). 

Which of these services is the right option for you? It depends on your needs. If you’re a developer who needs a platform to build applications, PaaS is a good choice. And if you need access to software applications, SaaS is a good option.

There has been a dramatic shift in how people transact in the past few years. With the arrival of mobile technologies and the rise of digital currencies, we live in a world where new technologies disrupt traditional finance. This shift has created a need for a new type of financial technology, or “FinTech,” that can help us keep up with the changing times.

FinTech is a broad term that covers a wide range of new technologies and services, from mobile payments to digital currencies. It’s an exciting and rapidly-growing field, and it’s sure to have a significant impact on our lives in the years to come.

Discover financial technology courses with Imarticus Learning

The Professional financial technology course is India’s first online FinTech course, providing a comprehensive understanding of all parts of FinTech and hands-on training with APIs, Blockchain, Cloud Computing, AI, Machine Learning, IoT, and RPA.

Course Benefits for Learners:

  • Students will learn how to apply machine learning and blockchain technology principles to their operations.
  • Students interested in the future of Fintech may keep up with the newest developments by attending networking events, job advertisements, or webinars.
  • This fantastic cryptocurrency certification will allow students to utilize helpful tools to assist them in determining their ideal professions after graduation!

Here’s why the cryptocurrency buzz drives new challenges in finance

Posted on by Imarticus Learning

Cryptocurrencies like Bitcoin and Ethereum have been all the rage lately, and for a good reason. These digital currencies are shaking up the way we think about money. But as cryptocurrencies become more popular, they are also posing new challenges for the financial industry. This post will explore how cryptocurrencies are disrupting finance and causing new challenges for businesses and consumers alike.

What is a cryptocurrency?

It is a digital currency that uses cryptography for security. Cryptocurrencies are decentralized, not subject to financial institution control. Cryptocurrencies are often traded on decentralized exchanges and can also be used to purchase goods and services. Some experts believe that cryptocurrency will eventually replace traditional currency, while others believe it is a fad.

The popularity of cryptocurrency has driven new challenges in finance, including how to value and trade these assets and prevent fraud. 

How do cryptocurrencies challenge the traditional banking system?

Cryptocurrencies have been gaining popularity over the past years, and their buzz is only getting louder. While the potential of these digital assets entices some people, others view them with suspicion. But whether you’re for or against cryptocurrencies, there’s no denying that they present new challenges for the traditional banking system.

One of the biggest challenges posed by cryptocurrencies is their decentralization. Unlike fiat currencies, which central banks regulate, cryptocurrencies are not subject to a central authority. This lack of regulation makes them appealing to criminals and other nefarious actors who can use them for illegal activities.

Another challenge is the volatile nature of cryptocurrencies. Their prices can fluctuate wildly, making them a risky investment. This volatility also makes it difficult for businesses to accept cryptocurrencies as payment, as they can’t be sure how much the currency will be worth when they receive it.

Finally, there’s the issue of security. Cryptocurrencies get stored in digital wallets, which are susceptible to hacking. If a person’s wallet gets hacked, they can lose all their currency. This is a significant concern for people thinking about investing in cryptocurrencies.

The challenges posed by cryptocurrencies are significant, but the potential rewards are too great to ignore. Cryptocurrencies have the potential to upend the traditional banking system and create a more equitable financial system. 

With the current buzz around cryptocurrency, many people are looking to get involved in the market. Although, there is a lot of misperception about how the market works and what factors drive prices. This is where a course in FINTECH can come in handy.

Discover financial technology courses with Imarticus Learning

best Fintech courses in IndiaThe Professional Fintech Certification is the first online FinTech course in India, offering comprehensive knowledge of all areas of FinTech and strategic and hands-on training with several technologies such as API, Blockchain, Cloud Computing, AI, Machine Learning, IoT, and RPA.

Course Benefits for Learners:

  •  Students will learn how to integrate machine learning and blockchain technology principles into their operations!
  • The future of Fintech is bright, and students can stay informed on the newest developments by attending networking events, job postings, or webinars.
  • This fantastic cryptocurrency course will allow students to use some helpful tools to assist them in finding their ideal careers after graduation!

Fintech and You: Demystifying the tech landscape

Posted on by Imarticus Learning

Fintech is one of the most rapidly growing industries. The majority is still unknown about the potential a Fintech landscape holds. It combines finance and technology. The two most important sectors, coming together to empower services, can fuel significant growth in any field that leverages its power. Its biggest example can be seen through the growth of cryptocurrency, taking over the tech and finance world with its influence. 

Technological advancements are driving financial bodies like banks to restructure their framework to keep up with the digitized convenience for both customers and employees. The improvised tech advances make financial services more convenient and accessible to the general public, strengthening Fintech’s grip on the financial sector, and pushing it towards better opportunities.

A career in Fintech is gaining equal importance with growing understanding and opportunities. With Fintech being one of the fastest-growing industries, brands partner with fintech startups to stay relevant in the market. Fintech industries comprise rising startups and established brands adapting to digitized finances, raising fintech awareness among the strata still skeptical about acknowledging the trend.

So, how and where does Fintech exactly work? 

What is Fintech?

Fintech combines the current two most powerful sectors, finance, and technology, coming together to automate financial services for user convenience and growth. Tech advancements partnering with financial institutions can reap benefits for businesses as well as customers in numerous ways; banking facilities being available at your fingertips is the most relevant example. 

Along with fueling smoother processes, Fintech prioritizes financial safety, thus, incorporating various security measures for easy but secure transactions. Innovation is the key fueling power of fintech endeavors as the run to create new and better services is driving tech entities to provide services better than ever before. 

How does Fintech work?

Fintech is not created out of the blue; it has always been a part of the world, right from banks incorporating digital devices to manage money. Yet, the recent evolution in the fintech field and the growth of startups extending innovative projects have fueled it more than ever. However, the introduction of technology like Artificial Intelligence and Machine Learning has led fintech projects to reach the next level. 

With machines making use of enormous data flow, businesses can deliver more personalized services, improving customer satisfaction as a result. Fintech either works to enhance the services dealing with finances or partners with it to provide maximum security and convenience towards a well-rounded experience. Needless to say, its presence has drawn cost-effective and time-saving benefits. 

Fintech-run industries

Banking is the oldest financial sector, now seeking fintech services to strengthen its roots towards security, convenience, improved services, and most of all, time management. Customer interaction has been drastically improved through the years with the elaborate use of technology.

Cryptocurrency and trading is another widely known fintech sector gaining prominence among the masses through its innovative idea of creating digitized currency. It is a unique stratum of Fintech working to strengthen the use of decentralized currency. On the other hand, Fintech has powered the intricate field of trading to be a household affair, leading people to run, analyze and make informed trading decisions on their own.

What’s Ahead?

Fintech is going through a period of significant growth, with diverse sectors partnering with fintech startups to make their brands futureproof. Digitally-minded customers understand the requirement and reach of tech-driven endeavors, therefore prioritizing it in every service they work with.

Fintech is equally growing among IT and finance aspirants looking to be a part of the revolutionary industry. Fintech courses in India offering fintech certification programs are available for learners to take part in and gain knowledge of the ongoing innovation!