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Tag: Fintech technology

How To Prepare For a Fintech Interview?

Posted on by Imarticus

If you are wondering how to prepare for the FinTech job interview, don’t worry! Everyone is nervous when they have to attend interviews. Firstly, start with your revision and preparedness for the job.

One of the swiftest ways to be well-prepared, if you are a senior professional is to enroll for a Professional Fintech Certification or if you are just entering the world of management then enroll for MBA in Fintech

One of the swiftest ways to be well-prepared is to do a fintech course at Imarticus Learning. They include a curriculum that is well-designed and covers all topics needed while providing you additional training for soft skill development, resume writing, mock interviews, and assured placements. One can’t ask for more. Right?

Let’s peek into the broad areas required to conquer those butterflies in your stomach. Preparing answers under the following subheads will help give you a good start.

A. Questions on your background in technology.

Expect questions like 

  1. What technical experience do you have in the fintech industry?
    2. What is your favorite app and why?
    3. What are your negatives in the IT field?

These general questions are aimed at checking out your skillset, background, IT experience, and relevance of your experience to the scope of fintech in the recruiting organization. Your answers should be what is in your resume, straight forward, and highlight any specialization or work experience that is of value to the organization.

The weaknesses and knowledge gaps are meant to be justified and not lied about. Remember that when you claim to have the experience, they will definitely revert to it in subtle questions that follow.

B. What are your motivators and interests?

Here you can expect questions like

  1. What fintech technologies interest you and how would you apply them?
    2. How will you use the smartphone to improve your business?
    3. Explain how you can be the game-changer in our technology development and how it would improve our business.

The interviewer here is probing the financial knowledge and its linkages to your technical knowledge, experience, and interests. Link your answers to areas of interest to the recruiting company, your tech- passions and attempt to put a figure on the value added to sweeten the answer.

A good understanding of the technology used, business use of IT, and sound financial skills make you a desirable potential recruit. Be innovative and include some research for fresh ideas in the recruiting company’s areas of interest.

C. Your last job:

You will be probed with questions like: 

  1. What project were you recently working on?
    2.Which of your projects are you proud of and why?
    3. Tell us how you applied your knowledge to the project and what was your contribution to it?

This is not the time to wax eloquent about all your projects. This is your chance to show you can use your skills innovatively and bring fresh ideas to the table. The purpose of your work, its practical implementation value, your contributions, and how you enhanced project value is what they are looking for. Rather than technical jargon try to show you understand the purpose and end-user impacts.

D. Your fintech awareness:

It’s time for questions like:

  1. What’s do you think of the government’s policy on fintech?
    2. What would you do to improve our website or IT?
    3. How would you tackle the competition in the market for our product?

Recent developments and staying up to date is are what most employers desire of you. Stay abreast of the latest fintech developments, projects, and news. Don’t repeat facts and figures. Rather add value by giving your insights.

E. Your ability to solve problems innovatively:

The questions here are real tests and can be perplexing at times.

  1. Is 3,599 a prime number?
    2. What will you do if you were asked to overhaul our customer support division?
    3. What is your take on using Agile in our organization?

There will be some questions that may not actually seem relevant and are like brain-teasers. It is your approach and justification that matters. There may not even be the right answer to all questions asked. Don’t panic and think of a reasonable way to solve the question posed.

Conclusion:
A fintech career is literal jugglery of multiple domains within the scope of fintech like finance and technology, soft skills, intent, dedication, and a good personality. Especially for first-timers, the fintech interviews are stressful. Don’t worry about failure. But, do think of Plan-B in case that happens.

At Imarticus Learning, the methodology is to practically train you as a generalist on all the above tasks and includes resume-writing, personality development, and interview-training modules leading to assured placements.

Their Fintech courses are widely accepted in industry circles as a skill-endorsement and being job-ready. So, why wait? Enroll today.

How easy is it to get a Blockchain developer job if you have completed a Blockchain online course?

Posted on by Imarticus

Since blockchain is a relatively new technology, and conventional methods of training are scarce, an online course can be extremely helpful for someone seeking a job as a blockchain developer.

Skills required to be a blockchain developer

There is plenty of blockchain related roles that businesses are looking to hire. For some, this might mean hiring leading experts with prior experience of running and creating distributed public ledger systems in production. However, often large corporates will look forward to building a team that revolves around a core of blockchain experts. In such cases, all that is needed in addition to engineering skills and strong software development skills is a firm understanding of the principles around blockchain systems.
However, blockchain is just one piece of a typical technology pile. Others who can prove to be a vital player around blockchain systems are engineers who specialize in networking or security, alongside those with core software development skills. If one has taken on an online course that helps to have an awareness of modern tech tools like docker containers and microservice architectures can be an asset too.
Qualifications required for blockchain developers
Alongside an obvious background in computer science or engineering, a further online blockchain training course can be especially beneficial. Experience as a back-end developer and a good strong knowledge of the fundamentals of cryptography is also crucial. Online courses these days also offer knowledge and understanding of Java and C, and these are the prerequisite for many companies seeking to hire a blockchain developer. For someone who has their own software project developed via GitHub, it can be an added.

fintech certification
Responsibilities of a blockchain developer
Blockchain developers are expected to response for research, design, testing of blockchain systems and on top on that to take ownership of a lot more.  A fintech course can be an added asset as nowadays companies are shifting to numerous financial technology methods to assist with financial transactions to save company costs.
As a blockchain developer job comes with prerequisite knowledge of cryptography and common data structures and algorithms, one will most likely be in charge of huge codebases and peer-to-peer (P2P) networks. One might also be put in charge of ongoing projects that might ask to break down existing code and frameworks and building them from scratch. One might also be asked to evaluate existing and proposed blockchain structures.
Many companies also look for blockchain developers to offer some business insights and logic using new technology. The role might also need the developer to be responsible for integration and might be asked for evaluations based on business metrics and IT-related ones.
How to become a blockchain developer?
Keep up with the latest industry trends – it is imperative for developers to take responsibility for their own learning. Reaching out to people who can help accelerate your portfolio and attending events with speakers can go a long way.
Using Reddit to keep up to date with relevant discussions and using GitHub to learn from peers and share code can also prove to be immensely beneficial in someone’s career as a blockchain developer.
Be agile and be willing to adapt – given the new nature of blockchain space, if someone is looking to work as a developer, one needs to be very patient and willing to get stuck in. As it is still relatively new, there might not be any detailed documentation to rely on, and developers have to be comfortable looking to open source code and to learn on the job.

Fully Utilize Fintech to Enhance Your Business

Posted on by Imarticus

 

Fintech is the word evolved through the merging of “Finance” and “Technology”. As the word suggests, the term implies the development of the financial department in any business through technology. Though the word is a new addition to the Oxford dictionary, it is a dynamic and evolving part of business procedures.

It is an undeniable fact that like any other field, the world of business cannot go ahead without the tools of technology. Fintech courses have made the world of business and money transactions a more cohesive and transparent space against the traditional methods of banking, accessible to a maximum number of people because of greater internet expansion.

So how does one utilize this technology to enhance one’s business? Awareness is the first need. One must be increasingly conscious of the different developments made in the world of financial technology while data is a democratized commodity. While keeping a tab on other financial entrepreneurs, one must notice the critical technology involved in a specific process.

Keep your eyes open to the world of app development used for economic interactions and also to the growing platform of social media to expand your business. Not only is it an essential approach for the large growing industries but also a boosting option for smaller start-ups. Thus, whatever be the level of your business- keep a note of the following Fintech-utilization tips to boost it forward.

Artificial Intelligence has expanded the horizons of Fintech. The right investment in the right technology can open doors to your business for various customers. Techniques are developed every day, and web developers keep working on algorithms and apps which can be beneficial for your business if you utilize them with the right innovation.

New products come to birth through such creative ventures, which can create the required hype for your business. Crypto-currency, for example, is an area of growing interest in financial investment, and its growth depends on its transparency with data available to any investor.  The most important feature to determine the success of your product will be the accuracy on a real-time basis.

Financial inclusion is another critical aspect of utilising Fintech. Your product will be appreciated well if it reaches the economically weaker sections of the society who are otherwise deprived of greater luxuries of finances. Make your product reach these nooks and gaps of the broader economy. For example- mobile payment apps have significantly become popular because of their use among household transactions at the minimum of the local level. In turn, these apps have also developed links with banks which has benefitted not only the app’s business but also the convenience of its customers.

At this point, one must note that your innovative Fintech product should not aim at going against the traditional banking finance, but instead merge with them to enhance each other’s capacities. Try to develop associations with the existing trustworthy banks to increase your credibility points in the market. Safety and security are often significant concerns in the online exchange of financial data.

The privacy of an individual customer should be held with the utmost regard. Third party frisking of data may lead to hackers exploiting data, and this may cause a massive rupture in the development of one’s business. Therefore, one cannot take any risk with data security measures and must always keep a tab on them.

Finally, utilise the pre-established platforms of social media to expand your business or your product. Not only will you reach a guaranteed set of followers but also a realistic chance to be popularized through them. Let the world spread the excellent work that you do!

All You Need to Know About Fintech Technology!

Posted on by Imarticus

A new generation has arisen with a bedazzling spark in the finance industry. The Fintech courses (financial technology) is the hottest trend in the finance sector. It refers to a financial sector centred with companies that use technology to make the financial system more productive.
What makes Fintech the winner?
Fintech can change the way of our banking systems by replacing hand-in-hand cash with digital currencies. Users can become rich in this transaction process. It mainly focuses on Bitcoin, Cryptocurrency, Ethereum, regtech and Dash.
We walk you through some of the advantages of using Fintech:

  1. Expanding enormously: The Fintech industry is proliferating that keeping up with it is like a struggle to the regulators. Larger institutions and governing bodies are putting their efforts and interests in this industry as it is more secure and trustworthy than the traditional banking system.
  2. More financial firms with few start-ups: The Fintech market has caught public attention. Starting with smaller finance organisations; now the number has increased with a majority of big organisations. More prominent firms are showing their interest, especially in Bitcoin facilities, as they are more money-making, profitable and have a long-run future.
  3. Change in the way of payment: The primary motive is to implant technology surgically into people’s daily lives. This has already started in a few countries where people are paying for their regular coffee by only showing their cards up to the reader. This way you won’t have to carry a wallet equipped with the massive amount and a fear of getting robbed in your mind. Just a card would replace everything!
  4. Efficiency– Fintech systems connect small systems making data sharing swift and seamless. This results in a reduction in time, and it also enhances productivity. Courtesy of Fintech systems, people can do a lot more things without requiring any assistance from traditional financial institutions.

Why is Everyone Talking about Fintech?
People are talking about Fintech because it is providing frictionless access to the tasks and has a bright future. Through its superior features, it is modernising the traditional practice of banking.
Already, the impact of Bitcoin, Litecoin, Dogecoin are visible to us. Within a year or more, these non-fiat currencies will take the lead in all the transactions.
The world of trading is running smoothly without traders. The process is known as algorithmic trading with electronic exchanges. In the coming years, humans will become the factory of producing algorithmic codes that will run the automated facilities of our daily lives.

  1. With Fintech, you can digitalise your wallet by not carrying cash. Instead, you can use your debit cards, credit cards, and gift cards. This is easier for people to keep their money safe even in crowds. There is nothing to worry if the card goes missing as the password is only with you or with your trusted ones.
  2. A better way of the transaction is via your mobile phone. The mobile payment applications are increasing, and number and users are happier with them coming to the market.
  3. It is all about smart data-sharing. If you want to split the bill, you can do it with one text message.

Conclusion
There is always a never-ending debate that questions machine intelligence over human knowledge. In this case, the future is in AI.
Like in last few years, Fintech has flourished wonderfully that dragged the majority of business into it. It focuses on technology, which has never failed to show its magic. In the coming years, we might see that transactions are possible only with a blink or just with a wave of a hand.
The trends we have talked about will be a lot of fun to watch in the coming years too. One thing is for sure, getting engaged to fintech industry won’t disappoint you.

How Would You Define Fintech and Blockchain to the Lay Business Person?

Posted on by Imarticus

Two of the most common buzzwords that seemed to have taken over the banking industry were Blockchain and fintech. These are terms which have revolutionised banking over the last decade or so and are seen as the future of banking, especially in the hands of the millennials, who have technology at their fingertips.
If you’re working at a financial institution, then there may be situations where you’ve to explain what “Fintech” and “Blockchain” are to a lot of people. Here’s a small guide to help you do so:

Fintech

FinTech is simply a combination of “Finance + Technology.” But obviously, there’s more to that. It is a massive field that covers a wide array of startups, and these can be divided into five categories, with each solving a different unique problem:

  1. Payments
  2. Lending
  3. Cryptocurrency
  4. Banking
  5. Personal finance and wealth management

For each category, FinTech solves a multitude of problems by improving it in either one of two ways:

  • Making it more available for more people
  • Making the product or service easier and cheaper to use.

Fintech basically takes a common problem plaguing a lot of individuals and simplifies the same. By doing so, it allows innovations in the industry to prosper and make finance a much easier sector to work in. Companies are able to transfer their paperwork electronically, saving precious time and money as well.
There are special fintech training and fintech courses available which make it easier for those looking to specialise in this field.

Blockchain

Blockchain, in the simplest of terms, is just about security and fairness. It is a large database which is available to the public and cannot be tampered with. Blockchain stores all important financial data and since it cannot be erased, it just adds another “block” of information.
This block is part of a series of blocks which create a chain or network of digital information. Anytime new information is added, it creates a successive block, which means that all transactions are public and can be viewed.
It also helps banks save money by having one centralised system for all transactions. If anybody tries to tamper with the information, the common code which all parties involved are given,
Thus, Blockchain and fintech are going to play a major role in shaping the financial future of the world. Learning and applying their basic principles to modern banking will serve you in good stead over the long term.

What Problems Can Fintech Innovations Solve That Still Exist in Finance

Posted on by Imarticus

One of the biggest disruptors in the financial industry over the last decade or so has been Fintech. Using technology to solve a slew of problems faced by banks has caught on and is here to stay. While FinTech has revolutionized sectors such as personal finance and banking, there are still a few places where its potential hasn’t been utilised.
Here are a few problems Fintech technology can solve:

Increase in Regulations

Ever since the 2008 market crash, policymakers have been forced to lay greater emphasis on safer financing. The financial crisis bought in newer regulations in the hope that it would restore confidence back into the banking industry. With most banks having paid back their regulatory incompliance fines, regulators are starting to ask for innovation in these markets and they need to create a safe environment.

Startups in the FinTech industry should expand beyond their home nations and make international payments possible. The home country regulations can be expensive with a lot of legal fees but innovations in FinTech courses such as Blockchain should be able to solve this issue and make it easier.

Regulatory measures can be a roadblock for many companies looking to grow domestically. By having the freedom of moving abroad, they can expand their horizons and successfully continue their business elsewhere.

Product Distribution

Product information is generally very random and scattered all across the board. Different folders, separate drives, a random excel sheet can all be frustrating to follow up on.

Product distribution lines can be managed in a much simpler manner with the help of FinTech. By having a central record of all transactions, companies can have a centralized repository of their products. By innovating with the front-end and introducing cool searching features, FinTech can be used to eliminate the same for banks that aren’t using this system yet.

Compliance Monitoring

Many banks today have tools for compliance reporting but since there are a lot of complexities involved in regulatory requirements, it just isn’t enough. Compliance violations are becoming harder to find and most of the systems, written in legacy code aren’t cut out for this task.

RegTech, a new field in the financial services has boomed, with over 150 startups present globally. These startups understand data better than anyone else and leverage a lot of data architecture innovations. While still ongoing, this is one of the major problems that Fintech Technology / Financial Technology can solve in today’s world.