Tag: Fintech online training

Over the last couple of years, the whole dimension of education has shifted to a new paradigm due to the closure of schools. Apart from it, the transformation of the banking system into a more online mode, with digital transactions, has risen to an unprecedented scale. However, as this transformation has proven fruitful, this will likely stick with us in the unforeseen future. 

Fintech has accompanied this online transformation to automate traditional banking systems by developing software and applications with high security. So, as this change is inevitable, this sector will likely have increased employment opportunities. Hence, individuals must get comprehensive knowledge about it from the best fintech courses in India to become job-ready. 

Uses of Fintech in a New Social Perspective 

Technology has risen in every aspect of finance to increase security and enhance financial products. However, the uses of fintech in India are provided below: 

• Banking Services 

The use of technology in banking has always been widespread and has seen a positive outburst since the advent of the COVID-19 pandemic. Now, it is no longer mandatory for customers to physically visit their bank branch for transactions. 

Digital banking has made transactions fast and swift and provided access to most services. This helps society work more productively and invests time in the growth of the social, personal, and work life. Also, the use of fintech has made citizens technologically educated that also accounts for digital literacy. However, as this sector is teeming with growth opportunities, an online fintech program will efficiently allow individuals to settle for a job. 

A few of the activities that fintech backs are: 

• Keeping track on a day to day transactions
• Checking account balance 
• Opening and liquidating multiple schemes related to a bank account
• Online investment
• Updating personal details 

• Neobanks 

Neobanks are new concepts where no physical branches of that bank are present. This is the result of technological advancement as this will operate online and provide multiple banking services related to the bank account. A few examples of neobanks in India are Kotak811, Razorpay, Jupiter, and Niyo. 

This is evident that the social transformation is happening steadily with more and more digitization of the Indian economy. However, individuals must note that a neobank isn’t allowed to run as an independent bank; instead, they have to rely on traditional banks to operate in the country. 

• Digital First Insurance Providers 

With the advent of fintech in the Indian system, there is a rise in digital insurance providers as well. This digital insurance targets young individuals who are more technologically literate to meet their requirements. This shift is also viewed as a great leap to make the financial system faster and more efficient. 

• Digital Payment System 

The digital payment system is one of India’s most widely used banking systems. With the rise of multiple applications and the influence of international ventures, the online payment system has become a common phenomenon. Major players have tied with the Unified Payments Interface (UPI) for interbank transactions in real-time. 

Due to the rise of fintech, this sector can provide lucrative job offerings with attractive job roles. Apart from it, a career in fintech can be financially rewarding with roles such as product manager, data scientist, and full stack developer. But to pursue a career in it, a degree or certificate is necessary to prove a candidate’s knowledge and credibility. 

Thus, fintech is changing the dimension and operation of the modern-day banking system. With faster payments and secured transactions digitally, this sector is the new future of banking. Although there are challenges like digital security and fraud, the road for fintech looks promising and rewarding for a sustainable social transformation. 

Due to the rise of technology in the financial services and banking sector, fintech has become one of the most rewarding career options for freshers. Financial planning and analysis (FP&A) is primarily an in-house finance role in the corporate world. Notably, FP&A in a financial institution is responsible for two primary activities, namely planning, and analysis. After performing analyses, they provide these results to senior executive and management officials for taking strategic, financial, and operational decisions. 

Reasons why are FP&A Courses the Best Choice for Freshers

FP&A and financial technology courses are some of the most sort-after study programs for freshers in recent times. The primary reason behind it is the availability of employment opportunities. Moreover, various entry-level positions are available in the job market as an FP&A analyst. 

Furthermore, individuals can climb up the corporate ladder from this position by switching employers or moving internally to be a manager or a director with a higher pay scale. Besides, the lucrative salary structure also attracts qualified individuals to apply for entry-level positions.  

Moreover, an initial position in FP&A provides a base for candidates to switch different job roles. So, apart from moving in singular dimensions, individuals might get an opportunity to diversify their career graph. Individuals who become financial analysts work in sectors like: 

• Banks
• Investment advisory firms
• Financial planning institutions
• Government regulatory firms
• Insurance companies
• Portfolio management providers

After knowing why this is the best course for freshers, it is also essential to know the activities in detail. As mentioned earlier, two primary activities of FP&A are:

• Planning 

Major businesses run on plans, forecasts, and budgets. Hence, planning for a business focusing on budgets, historical performance and trends are one of the most significant responsibilities of an FP&A professional. Hence, there might be an FP&A team that works as a central force and collaborates with other teams within the workforce.   

• Analyses 

FP&A is also responsible for analyzing various data to figure out underlying trends and stories. These provide strategic insights into an organization’s goals that allow them to take decisions and set goals better. 

Why work in FP&A? 

Working in FP&A is an exciting career in fintech. Candidates have the opportunity to work closely with multiple teams within a company for executing decision-making. Also, they might be working alongside CFO and offer assistance in operating budgets, long-term planning, and capital spending. 

How to Start a Career in Fintech?

So, it is pretty evident that the fintech sector is very suitable for freshers due to the availability of jobs, exciting responsibilities, and lucrative salaries. But, to become a financial analyst, one must know about the steps to do it. 

• Obtain a Relevant Bachelor’s Degree

To be a financial analyst, one must complete a relevant undergraduate degree in a relevant field. For example, a degree in commerce, economics, statics, or a related field can be relevant to the financial analyst position. 

• Obtain Necessary Certification 

Earning a bachelor’s degree might not be enough to be a financial analyst. So, to meet industry requirements and obtain job-specific knowledge, getting a fintech certification might be needed. This will prove the credibility and knowledge of a candidate. Moreover, some of the best fintech courses in India have aligned their structure for specific job roles related to the industry. 

Hence, a career in fintech can be gratifying for new individuals who are willing to start their careers in the financial sector. Moreover, as this section of the job is an amalgamation of technology and finance, it can provide myriad job opportunities with challenging job roles and lucrative salaries that will help them reach new heights.   

Financial technology or fintech has risen over time due to its broad applicability. Fintech is meant to improve financial services and the user experience. However, as there are ample employment opportunities in this sector with challenging job roles, fintech can be highly rewarding.

Best Fintech courses in India provide excellent opportunities for gaining knowledge as they align their course with industry requirements that help secure a job. 

Courses in fintech are a creative amalgamation of technology and finance and offer knowledge on modern banking landscape, cloud computing and critical evaluation, API economy, robotic process, and intelligent automation, use of IoT and big data in contextual payment, and others. 

Apart from fintech, marketing knowledge is also handy to promote a business through multiple channels. For example, fintech start-ups might need the help of digital marketing to attract customers and let them know about their venture. 

However, students must understand that marketing is essential in an age where fintech is booming. It is especially important to learn if individuals are looking for an opportunity in the marketing section of a Fintech venture. 

Top Trends in Marketing for Fintech 

A few of the signature trends of marketing are – 

• Create A Proper Fintech Brand 

With the rise of fintech, there were many choices available for customers. To manage this competition, it is essential to understand that if creating a distinctive brand in a competitive landscape is challenging, creating a clear perspective can be fruitful.

• Explore Possibilities Of AI And ML

As artificial intelligence and machine learning can be integrated with Fintech to make the system more efficient, it might be beneficial to explore these possibilities. This will help in enhancing the customer experience and productivity of the venture. Some of the areas of AI that can be used in Fintech are – 

• • Computer Vision: Computer vision is part of Artificial Intelligence, enabling systems and computers to device meaningful information. It trains computers to understand an image and perform certain functions faster than the camera. The use of computer vision has grown over the years, and it is expected to reach around USD 48.6 billion by 2022.
  • Natural Language Processing: Natural language processing, NLP is a branch of computer science that allows machines to understand human language the same way humans do. It combines computational linguistics, machine learning, deep learning models, and statistics. A few NLP tasks include speech recognition, word sense disambiguation, part speech tagging natural language generation, and others. 
• Forecasting and Optimisation:  It is an essential method that scientists, economists, and other professionals use for focusing on models and solving optimization problems. 
• Effective Mobile Experience

For a successful fintech venture, creating a compelling mobile experience is essential. This will enhance the user experience and when coupled with excellent marketing, reach new heights. 

• Provide a Clear Idea 

Unique goals and rational thought always pave the way to provide a clear idea to customers. Marketing experts can provide creative ideas that allow a venture to connect with its audience. Also, keeping the structure and portrayal of this idea simple, works, as it appeals to individuals of all ages.  

Thus, along with financial technology courses, knowledge of marketing is essential to have a multidimensional approach in expertise. This can also allow getting ample employment opportunities, as the industry seeks candidates with diverse knowledge so that they can use their expertise to grow. 

Hence, along with a career in fintech, a career in marketing can also be highly rewarding. Therefore, individuals can choose any career option between the two, as the digitization of the Indian economy has opened new horizons for both sectors.