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Tag: Fintech online training

A look at Foundations and Applications of Fintech Specialization!

Posted on by Imarticus Learning

Fintech is a relatively new term that is used for a whole host of emerging technologies that help consumers and financial institutions in re-innovating the financial space for improved and faster processes. The industry has seen phenomenal growth largely because it has leveled the playing field between small players and traditional big banks and financial institutions.

Fintech application development runs on a foundation of data science, artificial intelligence, machine learning, and blockchain, each of which has seen massive innovation and transformation in recent times.

Today, it covers a slew of products and services. Mobile banking apps, online wallets, financial literacy services, and digital currency are familiar examples.

According to Outlook, one out of every three people avails at least one of these applications on a daily basis. Because of its disruptive innovation and explosive growth, Fintech has become a coveted industry for professionals from a wide range of backgrounds from engineering to marketing.

In this article, we will take a look at the foundations and applications of fintech specialization. We will also cover the basics of a career in fintech and what the best fintech courses in India entail.

A look at Fintech applications

Research says that India has boomed into the fastest-growing ecosystem when it comes to fintech application development.

Some of the most common types of fintech applications here are:

Digital payments

Digital banking is a more convenient and cost-effective way of making transactions without using traditional methods. People are shifting over to mobile wallets instead of credit cards as we speak.

Investment and Wealth Management

Wealth Management and investment solutions allow people to keep track of their financial assets and manage their financial portfolio in a single application on their phones which can then be accessed from anywhere in the world.

Lending/loan

Fintech has made applying for loans as simple as clicking a button on your phone. Money lending solutions have made credits transparent and accessible to the non-affordable population.

Trading

Online trading apps have made investing in the market, monitoring risks in real-time, and sharing knowledge simple and easy.

InsurTech

Insurance companies are also embracing digital solutions to provide a better customer experience without the need to go through tedious processes of filling out lengthy applications.

So, what is a fintech professional? They are people who hold a job in the core areas of fintech application development. Product managers, data scientists, cloud management, full-stack developers, UI/UX designers are some of the most common roles in which people are hired in this industry.

What you need to know about pursuing a career in Fintech

With the fintech industry growing at an unprecedented rate, the demand for talented fintech professionals is also expected to grow. If you display skillsets relevant to any of the above roles, then a career in fintech is a smart option.

However, companies expect a fundamental knowledge of the functional aspects of fintech in their candidates. Some of the areas where the demand for knowledge is likely to increase are:

  • Blockchain
  • Data Science
  • Cryptocurrency
  • Software and mobile application development
  • AI, Machine Learning, and Deep Learning
  • Cybersecurity

Many reputed schools are known for offering some of the best fintech courses in India. These courses are economical, flexible, and convenient and add to your repertoire of proficiencies needed to bag a high salaried opportunity in this sector. Most of these courses are designed for working professionals which means that they can be completed online, parallelly with a day job.

Conclusion

When you are looking to become a fintech professional an overall understanding of the core of fintech areas along with deep technical knowledge in at least one of them becomes crucial. To build a holistic knowledge base of the essentials of fintech, a Professional Certificate Course in Fintech is the one for you.

You could also build an aptitude for management positions in Fintech enterprises by enrolling in an MBA in Fintech degree.

What is Ethereum Blockchain?

Posted on by Imarticus Learning

If you keep tabs on areas such as banking, investment, cryptocurrency over the last decade, you may be familiar with the term “blockchain”, essentially a digital ledger-keeping technology behind cryptocurrency. Likewise, when you are familiar with cryptocurrency, you may hear of Ethereum, the second-largest cryptocurrency in the market after bitcoin and most actively used in blockchain.

Let’s dig and learn more about the topics – what is blockchain, what is blockchain technology, how does blockchain work, how to become a blockchain developer, what is ethereum blockchain, etc.

What is Blockchain and How Does Blockchain Work?

Blockchain is a database system that stores data in a way that makes it very difficult to hack the system. Blockchain gathers new information in a group called block, and once the block storage is full it is chained onto the previous block. Blockchain can be used to store various kinds of data but mostly used to keep a ledger for a transaction.

Blockchain was initially invented to keep track of all Bitcoin transactions. In cryptocurrency use-cases, blockchain works in a decentralized way and decentralized blockchains transactions are recorded with an irreversible cryptographic signature called the hash. The decentralized databases, managed by multiple participants are known as Distributed Ledger Technology (DLT).

What is Blockchain Technology?

Blockchain technology is a structure to store transactional data, called a block in multiple databases, called a chain, in a network connected through peer-to-peer nodes. All the transactions recorded in this ledger are authenticated by hash, safeguarding from tampering. Blockchain relies on key technologies such as cryptographic keys and a peer-to-peer network containing a distributed ledger.

Blockchain technology uses hash encryption to secure the data, depending mainly on the SHA256 algorithm. In blockchain technology, data entry to the ledger is called “mining”. Mining involves the generation of hash for a specific transaction.

By all means, blockchain ensures a higher level of security and can support various industries like finance, supply chain, manufacturing. Blockchain founders are working towards the expansion of blockchain technology and influence in various industries. Judging by the success, blockchain could rule the future digital world.

How to Become a Blockchain Developer?

Blockchain developerBlockchain technology is still in its nascent phase. High demand, lucrative pay scale, and opportunity to work in cutting-edge technology are few notable reasons that make this career path worthwhile.

To become a blockchain developer, you should start with blockchain concepts, ideas, and architecture. Learn decentralization, the use of consensus in the blockchain.

Become familiar with glossaries and principles of blockchain. Learn cryptography, related algorithms and solutions, and blockchain ecosystem. Be familiar with real-time use cases.

Chartered Financial Analyst courseTo start coding, beginners are recommended to start with Solidity. Learn to create simple blocks, blockchain, implement genesis block, add the block to the chain, validate, and perform a test run. Subsequently, proceed with advanced features like Smart contracts, build the decentralized applications.

Many institutes offer quality courses on blockchain such as Imarticus Learning’s premier FinTech certification course that is offered in collaboration with SP Jain School of Global Management. This course teaches you multiple cutting-edge technologies including blockchain using hands-on training from industry experts, real-world case studies, and projects.

What is Ethereum Blockchain?

Ethereum is a blockchain platform with its cryptocurrency called Ether or Ethereum. It uses its programming language, Solidity. It is decentralized and is an open-source blockchain with a smart contract facility. Ether, the native cryptocurrency of Ethereum is the second-largest cryptocurrency after bitcoin by market share.

Ethereum is the most widely used blockchain. If we compare bitcoin to Ethereum, bitcoin is just a cryptocurrency, where Ethereum is a technology with its cryptocurrency. Both bitcoin and Ethereum operate on blockchain but Ethereum is far more robust.

Related Articles:

Career Opportunities In Blockchain And Skills Required To Increase Job Prospects!

How Do You Get The Blockchain Certification Online?

What Is Blockchain Developer Salary?

What Is A Blockchain Course?

Robotic Process Automation (RPA) and How is it Used in FinTech Today?

Posted on by Imarticus Learning

RPA (robotic process automation) is a robust solution that allows businesses to automate processes. It’s widely popular in different sectors but you might wonder, “What are the uses of RPA in Fintech?”

To help you find the answer, we have prepared the following article:

What is Robotic Process Automation?

RPA online training in FintechRobotic process automation, RPA in short, is a technology that simplifies building, deploying, and managing robots that mimic human actions. These robots interact with software and digital systems just like humans do.

RPA training allows you to build robots that can recognize what’s shown on a screen, enter information, identify data, navigate a system, and perform various other activities. These solutions automate specific tasks in your business that will allow you to enhance your productivity and efficiency.

Use of RPA in FinTech

Robotic process automation offers a ton of advantages to businesses regardless of their industry. It allows them to reduce their operation costs, improve their efficiency, and make the organization more manageable.

In FinTech, there are many use cases of RPA.

  • Banks use RPA to increase their operational visibility and improve their data security. RPA allows them to improve their compliance implementations and make them more efficient.
  • In accounting, RPA automates customer credit monitoring, sales quotation generating, distributing invoices, and doing necessary follow-ups.
  • Accounts payable can utilize RPA in processing vendor invoices, responding to inquiries, managing the various payments, and cross-checking invoices with the purchasing orders.
  • RPA can simplify the KYC process by optimizing the nitty-gritty tasks of the verification process. They can also gather all the relevant data through optical character recognition.
  • RPA can help in intercompany reconciliations. It can automate checking different orders and transactional data. The bots can also approve the matching orders automatically and alert the necessary parties if they found any inconsistencies.

Become a FinTech Professional

RPA has a ton of advantages but it’s a relatively new technology. That’s why the demand for RPA (robotic process automation) experts is constantly on the rise. Finance companies want professionals who are skilled in this field and can implement the necessary solutions effectively.

To become an expert in RPA for the finance sector, you should look for Fintech courses in India. Taking one of the best Fintech courses in India will help you learn the necessary skills quickly through experts and mentors.

There are many options for Fintech courses in India. You should choose one that teaches you the latest skills and concepts such as blockchain, cloud computing, machine learning, and many others. Learning skills like blockchain and cloud computing will help you stay on top of the industry trends and accelerate your career growth.

Look for online Fintech certification programs in India as they allow you to learn safely from home without compromising with the quality.

RPA has become a necessity for modern finance companies if they want to keep up with the competition. If you want to learn about RPA in the context of Fintech, you should enroll in one of the Fintech certification programs available online.

Learn more about the best Fintech courses in India with Imarticus Learning.

Is Embedded Finance the Next Evolution in Fintech?

Posted on by Imarticus Learning

What is Embedded Finance?

 Over the decade banking services like lending, payments, remittance have shifted from being under the sole purview of banks to non-bank service providers. The various financial services have come to be embedded within the software and applications of the non-bank providers streamlining both customer and business enterprise experience. Embedded finance or embedded banking, as is popularly termed, is the future of Finance Technology (abbreviated Fintech).

It is essentially the merging of a non-financial service provider, for example, a telco or local SaaS business, with a financial service provider.

best Fintech courses in IndiaWith embedded finance reshaping and creating new roles for technology companies in the financial world, a career in Fintech will prove to be highly rewarding in the coming years.

For this, it is imperative to know what is a Fintech professional and the best Fintech courses in India that one can opt for.

Role of Embedded Finance in the Industry

With the world increasingly adapting to the digital revolution, businesses, both local and international, are looking forward to expanding their horizons to provide banking services ranging from providing loans, cashless payments, credits, debit cards, and e-wallets. Earlier businesses had to create a Fintech arm within the company costing a fortune to oversee the financial operations.

However, with embedded finance infrastructure, this disadvantage has been overridden resulting in almost double the normal profit. And with the disappearance of third-party banks, the process becomes smoother for the consumer. It lures the customer with its easy transaction process thus monetizing him/her and expanding the business.

Apart from integrated payments, the other high point of embedded finance is the ease of accessing in-app credit programs and loans, enabling the customer to complete a purchase without leaving the app and converting it into an EMI at the checkout point as is seen with Amazon.

Embedded card payment involves the creation of the company’s own cash card in exchange for a white label debit card. The cash card is linked to the user’s bank account giving him direct access to his user balance. This can be arranged by the company at a small interchange fee with the partner bank.

Embedded insurance is also being integrated into the buying experience of customers to seamlessly complete the procedure of insuring a car or home or other such purchases without the inclusion of a third-party insurance company. This is not only cost-effective but also saves a lot of time and pain on the part of customers as demonstrated by major automobile companies.

Embedded banking has taken a step forward in the evolution of the Fintech industry by taking investment into its territory. Investment has always been a tricky affair for the common man. With API-based brokerage firms leading the way for embedded investments, it is no longer a faraway dream. Platforms have integrated stock market investing by building microservices beginning with opening an account and ending with trading and market data.

The Way Forward

Fintech Infrastructure stands upon three pillars – digital platforms, financial institutions, and embedded finance infrastructure companies. To make each of these pillars functional data science, AI, cloud management, and blockchain development work together. To understand what is a Fintech professional’s role and how to make a career in Fintech, you can check out the professional Fintech certificate course.

It is best to start young if you are looking forward to making a career out of Fintech and especially embedded finance. One can choose from some of the best Fintech courses in India and opt for a subject of his/her choice. An undergraduate course in finance, economics, engineering, commerce, or management followed by post-graduation in the specific field can open avenues for youngsters and aid them in building a lucrative career in Fintech.

Fintech Disruption of The Banking Industry: Innovation vs Tradition?

Posted on by Imarticus Learning

Consumer choice was far more restricted just over a decade ago. And often, if you didn’t have cash in your wallet to pay, there would have been no way to get what you wanted.

Then e-commerce happened and the digital space exploded.

Suddenly you could order a variety of goods and services online. Not only prices became more competitive than they had ever been in the past, but communication with anyone anywhere was made possible through the internet. Now, when you want to make a purchase, it is easier than ever before since even credit cards are digital now.

Thanks to fintech innovation and the growing race of startups that are helping consumers get the best of financial options – and consume more and more of what they desire.

However, as the fintech boom emerged to disrupt the banking industry’s longstanding traditions, banks were slow to keep up with demand. Legacy back-office technology couldn’t handle customer demands and their internal cultures had to undergo a dramatic change at a time when this proved near impossible.

These key factors became the seed wave of the first wave of financial technologies during this time period.

How Has Fintech Disrupted Banking?

The new financial services providers were not constrained by the legacy infrastructures that larger banks owned, and this often gave them greater agility when trying to navigate changes in regulations or compliance requirements.

In the past decade, fintech companies have sought to solve problems traditional banks cannot. Or at least they say they will do what these banks do, but better. The expansion of these start-ups into the financial industry has been driven by heavy investment in technology and business savvy rather than relying on banking or finance experience.

Growing Demand for Skilled Fintech Professionals

One of the most noteworthy qualities of Fintech is its global impact – going beyond India and pervading China and Europe. Amidst all these benefits, there has been one key change that has had a significant impact- the rising demand for innovation in this prolific industry; and the talent that will drive it.

Best Fintech courses in IndiaThis is why fintech professionals are in high demand. To cater to a growing behemoth, fintech courses online are enrolling students and preparing them.

Fintech is growing at a rate of 64% globally, and in developing countries that growth stands at 87%. Funding from diverse stakeholders along with innovations by manufacturers has contributed to the rise of digitized payments.

These recent developments have spurred Fintechs and banks alike around the globe, which gives promising scope for remittance programs.

80% of banking activities happening in India’s top banks run on digital channels, which makes for an enormous opportunity for international remittance systems.

That means fintech professionals can effectively serve startups, banks, and other financial institutions since the digital paradigm is amalgamating all these industrial aspects.

Want to Make a Glorious Career in Fintech?

Imarticus is here to power up your career in the fintech industry with its MBA in fintech program.

Imarticus has collaborated with the prestigious JAIN Online to further enhance their robust MBA In FinTech program, thereby covering every paradigm of cutting-edge New Age FinTech solutions. The curriculum is designed to provide you with in-depth exposure to key elements of the FinTech domain.

best Fintech courses in IndiaThis one-of-a-kind FinTech MBA program covers every critical aspect of FinTech via hands-on training with prominent technologies such as API, Blockchain, Cloud Computing, AI, Machine Learning, RPA, IoT, and Big Data.

Get started today!

Good luck 🙂

Why Do Banks and Fintech Startups Can’t Do Without Each Other?

Posted on by Imarticus Learning

There is no doubt in the fact that the financial tech industry has changed quite a lot in the past few years. This industry is attracting plenty of investors and companies who are into it, as well as employers. There is also no doubt in such technological advancements leading to more profits for banks, startups, and other institutions which are related to finance and technology.

But what about those changes? They have helped numerous financial institutions get more customers and make better revenues by adopting best practices. But best practices aren’t enough to sustain growth; the best people are needed for that purpose and best practices.

So, how do we make sure that the best people join our company? The answer lies in learning the best fintech courses.

The Shift in Trend

Earlier integrations between banks and fintech startups have taken place on the backend, but new-age monetary ventures are also about the innovation of frontend companies which opens up collaboration opportunities. Experts are now emphasizing matters ranging from new-age financial innovations to challenges faced by startups.

These key industry professionals believe that the financial technology ecosystem is causing market expansion and altering tradition at banks.

Career Scope in Fintech

Several tech-savvy individuals, who are gaining expertise in the best fintech courses, have started working for banks as well. It has become possible through the emergence of digital giants and small startups that are helping banks align their business models with changing trends.

 

Fintech is the Future

Even if more details about prospects of best fintech opportunities in emerging companies won’t be available initially, there’s enough to go around for both these low-cost businesses and highly trusted brands. It is only a matter of time till someone figures out how best to make use of this phenomenon – may it be the person managing finances at your local bank or someone else signing up for the best fintech courses in India.

The best thing that’s about fintech companies is that they have no desire to target big banks because there’s enough work in helping those smaller businesses already on board consolidate their financial data into a single location so they could utilize it better without dealing with too much paperwork or excessive costs.

How to Get in One of the Best Fintech Courses in India?

If you wish to get into one of the best fintech courses in India, Imarticus Learning is here to help you with its glorious track record. You can learn more about the best Fintech startups and how they are going to change the financial future by visiting the website for this service or checking out some best fintech blog posts.

Imarticus has collaborated with the prestigious JAIN Online to further enhance their robust MBA In FinTech program, thereby covering every paradigm of cutting-edge New Age FinTech solutions. The curriculum is designed to provide you with in-depth exposure to key elements of the FinTech domain.

best Fintech courses in IndiaThis one-of-a-kind FinTech MBA program covers every critical aspect of FinTech via hands-on training with prominent technologies such as API, Blockchain, Cloud Computing, AI, Machine Learning, RPA, IoT, and Big Data.

The immersive FinTech learning experience enables you to apply what you learn when dealing with real business scenarios and problems.

If you are looking to skyrocket your FinTech career prospects by transforming into a FinTech expert, your search ends here, and a spectacular FinTech learning journey begins.

Good luck!

How Digitization Will Change the Future of Finance: The Digital DNA of Fintech?

Posted on by Imarticus Learning

The digitization of finance will have a profound effect on the future of Fintech, and it is already changing how companies do business. The digital DNA of Finance has allowed for new opportunities to be created by companies who can use this new technology to reach customers in ways they could never have before.

This also allows for the potential that more people will be interested in MBA programs focused on Fintech as well. It has increased the demand for specialists in FinTech and has made them harder to find. MBA in Fintech is an on-demand degree that provides you with all the tools necessary to succeed in the financial services industry.

How will Digitization change the future of the fintech industry?

Digitization is changing the world as we once knew it. It has changed how people interact with each other, and now it’s starting to change finance. The digital DNA of Fintech varies widely from country to country, but one thing that remains constant is its exponential growth in the last five years.

Here are some predictions on what digitization will do for Fintech:

– The Economist predicts that by 2020 mobile banking revenue will exceed desktop revenues.

– According to Accenture research, 85% of all customer transactions could be handled by digital channels within the next decade.

– It is predicted that 90% of all financial services in the US will be provided digitally, saving an estimated $900 billion a year for banks and other providers.

– The top 30 global fintech organizations raised over 12 billion dollars collectively in 2016, which was up from only about half of that amount just two years ago. It’s clear to see how this industry has been exploding with innovation!

MBA in Fintech coursesThis also implies that the demand for specialists in Fintech is increasing. MBA in Fintech is one such degree that will equip you with the skills to thrive and harness this opportunity.

Why should graduates consider making a career in the fintech industry?

Today, there is a high demand for people with finance and technology skills. This demand is expected to grow substantially with digitization, making it an excellent time for potential professionals considering this career path who want a high salary and strong employment prospects.

The MBA in Fintech program equips students to take on the challenges of this ever-changing landscape by providing them with an understanding of all the aspects of the fintech industry. It will also give you exposure to a diverse set of industries that are taking advantage of advanced management concepts such as Big Data analytics and mobile commerce.

Master the skills of digital transformation & investment management with Imarticus Learning

With digitization changing the way we live, work and do business, finance is no exception. Finance professionals across industries are undergoing a digital transformation to better serve their clients’ needs with this shift of focus from traditional banking activities to innovative solutions for financial services.

Imarticus Learning offers online MBA courses that equip you with the skills needed to succeed in this challenging but very rewarding industry. With a broad understanding of technology, business, and finance, MBA students become highly sought-after as they are able to offer financial advice on complex transactions involving digital assets.

For more details, get in touch with us through the Live Chat Support system or visit our training centers based in – Mumbai, Thane, Pune, Chennai, Bengaluru, Hyderabad, Delhi, Gurgaon, and Ahmedabad.

How Has Fintech Transformed Finance?

Posted on by Imarticus Learning

What is Fintech?

In today’s world of modern advancements, technology has paved its way to reach out to the most fundamental aspect of any industry that is finance. The clubbing of technology with finance aims to modify the traditional ways of providing financial services. This idea has recently come to the forefront which has challenged the classic methods of financial services across the globe.

Fintech has brought about some notable changes in fields like investment, banking, trading, and insurance as of now. It has transformed the very essence of traditional ways of doing these things.

 Impact of fintech on finance

So far, fintech has been able to grip some of the major areas of financial services which have turned out to be in the favor of the users. Some of the impacts of fintech on finance are discussed in the following points.

  1. Banking

Unlike the traditional banking methods, where people used to visit the banks even to check their account balance, fintech has facilitated the users by providing almost all the banking facilities online.

best Fintech courses in IndiaApart from the existing banks, fintech training has made available ample other banking solutions for the users which work more efficiently and provide better services as compared to the classic banking structure.

  1. Investment

It is only just a few years ago, that investment was considered a choice fit for the rich class only. With everything at your fingertips, from small to huge investment options available through fintech, anyone can invest online according to their budget. Nowadays, investment in e-commerce has turned out to be a popular option for many investors.

  1. Small Entrepreneurs

Fintech has proven to be the most beneficial sector for the betterment of small entrepreneurs who were struggling hard to make their place in the market. From securing loans to managing the payments, everything has been eased through fintech. The development of various secured payment portals like PayPal has brought down the transaction costs for both the buyer and seller.

  1. Currency

With the advent of technology, the usage of digital currency has surpassed the usage of currency notes. Considering the current trends, it can be anticipated that soon the concept of physical currency may become outdated and digital currency will be the only mode of payment.

In present times of global pandemic, many companies and organizations have stopped transacting in physical currency. This twin motive of containing the virus spread along with the emphasis on the digital currency has been working out pretty well.

 Overview

Considering the current status of fintech, it can be apprehended that this amalgamation is truly functioning in the best interest of the users. With financial services being provided online, the world has become a global hub. This collaboration of both finance and technology can be marked as a milestone in the process of formulating a world that knows no boundaries.

For a stable fintech career, there are a variety of options if you want to take up the best fintech course in India available at Imarticus. Students of this course will also be assisted for the placement in renowned companies from all over the globe.

Why Do You Want To Join Fintech?

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What is Fintech?

The word Fintech is an amalgamation of Finance and Technology and that’s what the Fintech industry is all about. Fintech can be seen as the evolution of the traditional banking and finance industry. It’s more about solving the challenges faced by the traditional banking and finance segment using cutting-edge technology.

The technological evolution in the financial services industry aims to automate and improve the services provided by banks and financial institutions. Fintech technology can help big businesses to manage their finances easily and curb any anomalies that exist in the system.

Fintech has been a boon for the consumer of banking and financial services as it has improved customer satisfaction and worked on the pain points of consumers. It integrates technology to offer financial services in an optimized way. It has made businesses more customers oriented and has reduced the daily hassles of the consumers.

Originally Fintech operations were limited to the backend of reputed financial organizations, over the years the scope of Fintech has broadened and now it includes other industries such as retail banking, crowdfunding platforms, NPOs, digital wallets, etc. Fintech also entails the formation and use of blockchain-based cryptocurrencies like Bitcoin.

The financial activity that uses Fintech in today’s digital era is enormous. From simple smartphone transactions to raising funds for businesses and managing investments, a whole lot is under the purview of Fintech.

Why should you choose Fintech?

Now that we have understood the meaning and scope of the Fintech industry, let’s delve deeper into understanding why you should choose a career in Fintech and how it will be beneficial for you in the long run. Fintech is among those industries that will reshape our lives in the coming decades. The Fintech industry relies heavily on the use of data and data science.

The scope of employment in the field of data science is enormous and is growing by the day. The Fintech industry is still in its nascent stage of development and has tremendous potential for exponential growth. Just think about the involvement of Fintech in our daily lives. From online shopping to education fee payments, Fintech brings a lot of convenience to customers. Let’s take a look at some of the key job roles that will continue to grow with the rise of the Fintech segment.

Why study Financial Technology?

As financial technologies emerge unceasingly, traditional financial industries are witnessing a dramatic change. The old-fashioned business skills are no longer satisfying enough to meet the new needs of the market. International financial centres are transforming, adapting themselves using the Fintech approaches, and of course, recruiting more and more Fintech related talents around the globe.

Blockchain developer

Blockchain is at the centre of crypto-currency technologies like Bitcoin that comes under the purview of Fintech. This is just one application of the revolutionary blockchain technology which will continue to grow in the coming years. Almost all finance companies will incorporate blockchain in their operations and they will need professional blockchain developers to build and manage the technology. This growing interest in the application and use of blockchain technology will fuel the demand for blockchain developers by companies.

Risk and Compliance

With the growth of Fintech, the traditional players in the banking and finance industry are joining hands with the Fintech players to provide improved services to their customers. Fintech has proved to be a game-changer and so the traditional rules and regulations have also been revamped to overview the operations of companies in this segment. Companies are employing risk control specialists and financial managers to take care of the changing risk and compliance policies.

Cyber-security

As we progress further in the digital era, criminals have also adapted to the changing circumstances and are leveraging technology to commit cybercrimes. Identity theft is among the most common cybersecurity challenges faced by businesses. To tackle these cybercriminals there is a growing demand for cyber-security professionals who could prevent the leak and loss of data from hackers and cybercriminals.

 

Why work in Fintech?

Fintech offers job seekers the chance to work in a highly collaborative and innovative environment. The Fintech industry offers not only an outlet for those seeking a creative challenge but also provides the opportunity for tremendous career growth and professional progression.

The world of Fintech is a great place to work while also growing your skill sets and building a sustainable career. 

The Fintech sector is fast-growing and constantly recruiting. Fintech companies look for a wide range of profiles, so chances are, whatever your speciality you’ll find something for you within the industry. Promotion opportunities are common in this ever-expanding environment, and certain companies offer very attractive employment packages to attract talent. 

A Fintech experience gives you the cutting edge over the competition in the eyes of a recruiter. If your dynamism, autonomy, curiosity, and confidence in facing big challenges are all tested during your visit within a fintech, you can only capitalize on these traits for your future experiences. 

Impact of Cloud Computing on Fintech Companies!

Posted on by Imarticus Learning

In the past decade, technology has been moving quickly, and it’s changing our lives. Cloud computing is one of the many changes that are happening at this time. It has brought about new opportunities for both companies and consumers to do things more efficiently and effectively.

This article explores how cloud computing impacts fintech companies, what benefits they get from using it, as well as some of the challenges they face when adopting it.

What is Cloud Computing?

Cloud computing is a term that is often thrown around without much understanding. The first thing to know about Cloud Computing is that it refers to storing data in remote servers or “the cloud.” This type of storage is less expensive than having your hardware, which can be cost-prohibitive for many smaller organizations. But before signing up with any provider, you’ll want to do your due diligence and make sure they have a good track record of security.

Benefits of Cloud Computing:

There are many benefits to using cloud computing for your business; it saves you money on hardware and maintenance costs, safeguards against theft, all without compromising security or quality.

Cloud computing courseCloud computing course in Fintech is cost-effective because companies don’t need to purchase specialized servers or software before saving their files. This also reduces ongoing IT expenses like upgrades since all updates are automated.

There’s no risk of backup failures due to hard drive crashes either. Plus, there’s some legal protection with cloud storage, so if something goes wrong, you’re covered.

Cloud computing is the effortless solution for companies that need to scale up quickly or scale down depending on workloads.

The cloud offers many benefits to businesses, but just like anything else, you should take some time before investing by looking into the costs and what features you’re getting with your purchase, so make sure it makes sense for your needs now and going forward.

Cloud Computing & Fintech:

Cloud computing has drastically changed the way we work and communicate. Fintech companies, who are always looking for new ways to innovate, have jumped on this opportunity instead of transferring that data to a personal computer. You can have your data stored in one place and easily accessed from any location with an Internet connection.

Advanced data management

Cloud computing is beneficial in the current scenario where financial data is exploding. Cloud technology allows companies to store & manage data in a secure form. This enables businesses to take advantage of intelligent approaches to lend, pay and detect fraud.

Reduced operational cost

Storing data on-premises is highly expensive compared to cloud storage solutions. Cloud computing reduces overall investment & maintenance costs for servers & burns resources to maintain uptime.

Automated analysis

Cloud Computing leverages the power of Data Science, AI/ML to perform particular tasks like credit scoring, fraud detection, & banking processes. Cloud technology introduces capabilities that accelerate & automate data analysis.

Enhanced client satisfaction

Huge computing power & smoother working models empower Fintech companies to create modular customer-centric services & increase client satisfaction. Further, with Big Data & ML, finance frauds have been significantly reduced, and the creation of trusted platforms has to be facilitated to conduct banking activities.

Improved business efficiency

Cloud computing incorporates centralized data management and supports faster data processing. This allows Fintech companies to stay focused on banking operations & maintain maximum productivity.

Cloud Computing courseImarticus Learning offers Fintech training courses that cover every paradigm of cutting-edge new-age fintech solutions.

Be FinTech Revolutionist with Imaritcus Learning:

Imarticus Learning offers courses covering every critical aspect of FinTech via hands-on training with prominent API, Blockchain, Cloud Computing, AI, Machine Learning, RPA, IoT, and Big Data. The detailed learning experience enables students to apply what they learn in real business scenarios.

The unique FinTech pedagogy focuses on hands-on training with prominent technologies and industry-related tools. Industry partnerships & education connect & access to Fintech Community are some other advantages the program offers.

Contact us through the Live Chat Support system or visit our training centers based in – Mumbai, Thane, Pune, Chennai, Bengaluru, Hyderabad, Delhi, Gurgaon, and Ahmedabad.