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Tag: fintech training

What to Know About Cryptocurrency?

Posted on by Imarticus Learning

With everything becoming dependent on technology, why not money? Monetary transactions have slowly gone digital too. With this form of digitalization, cryptocurrency was also developed which evolved into a medium of exchange.

Bitcoin became the first cryptocurrency that began back in 2009. Now, businesses are looking towards this exchange medium, with the likes of Elon Musk investing $1.5 billion in Bitcoin. Hence, it would be wise to know what cryptocurrency is and why it has already taken the world by storm.

What is cryptocurrency?

The meaning of cryptocurrency lies in its name itself. It is a kind of digital currency that is encrypted for security purposes. As it is encrypted, it becomes impossible to counterfeit like real money or even hack virtually. It comes in the form of digital coins and tokens that one can buy with real money.

Or, if someone has the expertise in technology, they can ‘mine’ it for themselves via a strong graphics processing unit (GPU).

CryptocurrencyMost of the cryptocurrencies use Blockchain technology, which is decentralized and records transactions among computers. Cryptocurrencies are mainly used for trade finance. People usually use it to buy goods and services for many beneficial reasons.

Different types of cryptocurrencies

Bitcoin is the most popular among all cryptocurrencies and currently, there are at least 18.5 million tokens being used. Besides Bitcoin, there are more than 6,700 kinds of cryptocurrencies being used in the market nowadays. And, some of them are:

Ethereum: Ethereum uses a token named Ether and it mainly promotes free access. But mostly, it is for developers to get rid of middlemen and control their apps.

Litecoin: Litecoin was created in the light of Bitcoin to improve upon it. It is basically the same as Bitcoin other than faster time for transactions and a few more benefits.

Stellar: Stellar’s currency is Lumen and its uniqueness lies in people being able to transact between different countries. Also, huge transactions can be made with little to no hassle.

How to buy cryptocurrencies?

If someone wants to buy some cryptocurrencies for themselves, they will need an app where they can hold the currency like a ‘wallet’. Then, they can create an account and transfer real money to buy cryptocurrencies. Some online brokers are also selling cryptocurrencies. Notably, the exchange rate for cryptocurrencies can fluctuate at any time due to its decentralized nature.

BitcoinFurther, cryptocurrencies are very much transparent. They have zero possibility of being stolen. The transactions can also be quicker and made with minimal transaction fees compared to banks or other financial organizations, which makes trade finance a much easier process.

By and large, cryptocurrencies are a little risky but as online transactions are increasing day by day, their importance is increasing too. One should only go along with purchasing cryptocurrencies with their advantages and risks all in mind.

How Blockchain Can Help To Aviation Industry’s Services?

Posted on by Imarticus Learning

The modern airline industry has advanced quite a lot in the past few years, and yet there are some drawbacks in the industry that need to be fixed before it can realize its true potential. One such area of optimization and improvement in the airline industry is data collection.

Today the airline industry collects data on its planes through the use of 40 or more systems, and each of these are stored in different locations, owing to which there is no central database through which the entire flight system can be managed at the same time. This process of data collection not only leads to mismanagement but also a huge cost incurred due to the maintenance of multiple systems, sometimes by competitors in the same industry.

A Decentralized Management System 

The use of blockchain technology in the airline industry can prove to be beneficial and helpful across many different sectors. For example, at present, when a plane is serviced or repaired, multiple systems capture the state of the new components being installed, but often this data is not accurate.

Blockchain CareerOn the other hand, if a digital ledger is created through blockchain training, it can take a snapshot each time a component is replaced or repaired, along with the credentials of the manufacturer, assembler, and technician. Through this snapshot, a real-time clone of the component can be created, which can then be monitored to understand the overall condition of the system.

And the application of blockchain doesn’t stop here. Following the above-mentioned example, the same principle can be applied to each and every component of the airplane, thus facilitating the overall monitoring of the entire system at all points in time.

Implemented at a large scale, the application of this system can help in:

  • Significantly reducing the overall cost of maintaining airplanes and also reduce the amount of downtime due to unplanned maintenance.
  • It can significantly increase the value of planes when being sold in the secondhand market, as a clear real-time snapshot of the entire system can be shared with the buyer immediately.
  • Increasing the productivity of workers, both in maintenance as well as in manufacturing, as the overall system will work in a much more controlled, efficient, and timely manner.

Areas of Improvement

Although the larger impact of blockchain implementation on the airline industry is yet to be estimated, there are three main areas where the immediate benefits can be witnessed.

Maintenance

  • Efficiency: With the implementation of blockchain technology, the current time spent by professionals on routine maintenance and inspection will be drastically reduced.Blockchain Career
  • Defeating Duplicacy: A common issue with the airline’s spare parts industry is the fact that often buyers are duped via duplicate parts. With the implementation of blockchain, buyers can immediately compare their products to a ledger and thus confirm authenticity.

Finance

  • Increased Value in Reselling: Due to the absence of a real-time maintenance record, the price of airplanes in the secondary market is often less as the actual condition of the plane and its components cannot be correctly estimated. With blockchain technology and the creation of a real-time ledger, this issue can be immediately addressed.

Workforce

Every year, the airline industry employs hundreds and thousands of professionals around the world, and while there is a system to maintain them, a system of verification and identification is absent. With the implementation of blockchain technology, a ledger of personnel can also be included, which will assist in better monitoring and overall management.

Conclusion

The right implementation of blockchain technology can create many benefits for the global airline industry and thus if you want a blockchain career in the airlines industry now is the time to start.

Ethereum Vs. Ethereum Classic: Differences You Should Know About!

Posted on by Imarticus Learning

If you have been following the developments in cryptocurrency or planning to enrol for an Ethereum course, there is a very less chance that you have not heard about the Ethereum Vs. Ethereum Classic discourse. The hard fork that led to the creation of a new chain was a result of a huge attack on the Decentralized Autonomous Organization (DAO), a venture capital fund that was created to decentralize the cryptocurrency transactions and to automate the functions. The DAO was developed on the Ethereum platform.

This smart contract automates the cryptocurrency transactions based on a set of pre-determined conditions. Everything was working smoothly until the notorious attack on DAO happened in 2016, stealing $50 million, leaving the traders in absolute shock. Though the incident happened because of a fault in the structure of DAO, it sparked a lot of debates and eventually, resulted in a hard fork. Thus, the Ethereum was split into two branches. While the new branch retained the name Ethereum, the old one took up a new name, Ethereum Classic.

Now that you have an overview of what is what, let us look into some fundamental differences between Ethereum and Ethereum Classic.

Difference Between Ethereum and Ethereum Classic

The proposal for a hard fork sparked an ideological difference, as many people believed that the new chain challenged the fundamental idea of the Ethereum being immutable. Both Ethereum and Ethereum Classic share some functional similarities. However, there are some fundamental differences that set them apart. There are marked differences in some of the main features, but the more striking ones appear on the philosophical and moral aspects. Lets us look at the differences one by one.

Differences in Philosophy

One of the founding ideas of blockchain was that it should be immutable. This is because the supporters believe that if a blockchain allows people to make changes according to their wish, that could lead to fraud. However, the new branch, Ethereum, does not advocate that. The Ethereum community members believed that a hard fork is necessary to serve justice.  Ethereum devalued the stolen tokens and refunded those who had invested in those Ethers.

Differences in Value

Ethereum values almost 15 times than the Ethereum Classic. This is because Ethereum successfully garnered the support of many leading names in the crypto community. Also, it receives regular updates. Ethereum Classic has a lesser value compared to Ethereum, but recently, it managed to attract the backing of some prominent names.

Enterprise Ethereum Alliance (EEA) is a support group formed by more than 200 market leaders such as Microsoft, Wipro, Intel, Accenture, JP Morgan, Thomson Reuters, Credit Suisse along with many start-ups and subject matter experts. They are all bound by a common factor; all of them believe in the potential of blockchain.

Differences in Potential and Features

The growth potential of Ethereum Classic is debatable. On the contrary, Ethereum is looking at a promising future. Looking at its rapid growth, experts are postulating that Ethereum could become the first cryptocurrency to reach the $10,000 mark after Bitcoin. Ethereum enjoys a higher hash rate than Ethereum Classic. As mentioned earlier, Ethereum keeps updating on a regular basis, but Ethereum Classic cannot access those updates.

There is a surge in the carer opportunities related to Blockchain. Needless to say, the technology industry has undergone tremendous change after the introduction of blockchain. Many fortune-500 companies are coming forward to espouse blockchain to support their growth. This underlines the career potential of blockchain and Ethereum, which is largely untapped. Check out the Ethereum courses offered by Imarticus if you are looking for a good Ethereum training in Fintech.

How Blockchain is Changing Banking Industry?

Posted on by Imarticus Learning

Understanding Blockchain

In simplest, blockchain can be understood as a digital ledger that keeps a record of transactions of high economic significance and it cannot be manipulated or corrupted.

So how’s that possible? Well, the construct of blockchain is such that any data is store on thousands of serves and everybody who has access to that blockchain can find out about any changes made to the document. Firstly, it doesn’t allow changes on a later date and secondly, it keeps track of all the activities carried out on that digital ledger.

Blockchain trainingBlockchain courses in banking uses a distributed ledger system that is highly decentralized and shows all information and updates in real-time to all the users that have access to a particular block.

Each block in the blockchain carries the number of transactions and a new record is formed when new transactions are recorded.

One of the most prominent and oldest uses of the blockchain application was evident in Bitcoin that is a cryptocurrency using blockchain technology to facilitate transactions. Since then, there have been many new applications of blockchain technology.

 Blockchain in Banking

The blockchain technology is still in its nascent stage and there is much to be discovered about this technology. Bitcoin introduced the blockchain technology to the world but its tremendous potential led to new applications of this technology and opened new avenues for growth using blockchain.

Businesses in multiple industries are using the blockchain technology to reach new markets and boost profitability. One of the industries that have drastically transformed with the advent of this powerful technology is the banking sector.

Let’s delve deeper into how blockchain is helping the banking industry to overcome the challenges.

  1. Quicker Transactions

In the contemporary digital era, customers are used to faster services that don’t take more than a few minutes to materialize.

Blockchain Training in BankingNow one of the major challenges faced by the traditional banking systems is that it takes more than the necessary time to settle financial transactions carried out between two parties. The average time taken earlier was between 1to 3 days.

This processing time will not be entertained by customers in the present. Blockchain is a highly decentralized technology that eliminates mediators to verify and process the transactions. Banks can effectively use blockchain to reduce their processing time and enable faster transactions.

  1. Fraud Detection & Enhanced Security

The traditional banking system is full of loop-holes that are used by cybercriminals to leak vital information, hack bank accounts and carry out fraudulent transactions.

blockchain Training in BankingIdentity theft is also a common problem in the modern digital age. Banks need better protection against these cybercriminals to detect fraud and eliminate the chances of data leakage.

Blockchain solves this problem to a great extent as it uses cryptography and decentralized system to record financial data.

This minimizes the probability of data leakage and manipulation to a great extent. This makes blockchain indispensable for the banking system when it comes to securing financial transactions and vital data.

  1. Better Data Quality

Data quality improvement is certainly one of the most important benefits of using blockchain technology in banking. Traditionally the banking related data was stored by banks in multiple locations with different parties having access to each.

Blockchain Training in BankingThis allows easy data manipulation without any repercussions but given the blockchain highly decentralized structure it is almost impossible to manipulate data without being caught.

Systematic storage of data without any user-bias makes it more authentic and helps banks to better target customers and increase their profitability. It also instils more accountability in the whole banking process.

  1. Cost minimization

Yet another important benefit of blockchain that has been changing the banking industry drastically is its cost minimization benefit. The traditional banking system involves a lot of intermediaries to process and facilitate financial transactions.

Blockchain Training in Banking

Blockchain helps to remove all these unnecessary financial intermediaries and reduces the cost drastically which resulted due to increase involvement of middlemen. Smart Contracts are being used by banks to reduce administrative charges and enforcing contracts.

A smart contract automatically executes and enforces legal actions as per the terms and conditions of the contract.

  1. Better Financial Inclusion

Financial inclusion has been a major challenge, especially in developing countries where there is a high population living below the poverty line. These people fail to open a bank account or avail other financial services due to high fee and associated costs. Blockchain technology eliminates all irrelevant mediators and helps to drastically reduce the cost associated with carrying out financial transactions.

This will help more people to avail banking-related facilities and help bring more financial inclusion. In addition to this, it also helps small players in the industry to compete against the big banks and gain a fair share of the market. Blockchain in the digital age will surely boost financial inclusion.

Banking has always been a preferred career option for the majority of people who want to build a long-term successful career with rewarding perks. A career in banking today requires more than just traditional banking skills.

One can opt for the Imarticus banking course to obtain knowledge and skills relevant in the contemporary banking sector.

It will help to boost your job prospects and give you an edge over the competition. Imarticus banking training also guarantees job assurance with the most reputed players in the banking industry.

Keen to Know What Transitions a Fintech Aspirant to a Fintech Expert? Check This Out!

Posted on by Imarticus Learning

Financial services have experienced a major paradigm shift due to the introduction of fintech. Digital banks are replacing traditional ways of accessing financial services. The current fintech market in India is more than 1,900 billion and will grow with an impressive CAGR in the coming years.

There are a lot of job opportunities in the fintech sector and you can build a successful career in fintech by choosing the right career path. Read on to know more about the transitions required to become a fintech expert.

 Get the Right Education

A bachelor’s degree in mathematics or computer is the best to get into the fintech industry. Many fintech aspirants also have degrees in business, accounting, economics, etc. Getting a degree will not teach you about the working of the fintech industry but it will help you in developing an analytical & statistical mind.

Many fintech aspirants also prefer to get a master’s degree for opting for senior job roles in the fintech industry. One should also try to be updated with the modern-day technologies used in the fintech industry. AI (Artificial Intelligence), ML (Machine Learning), deep learning, etc. are used widely to improve fintech solutions.

A technical degree with Fintech Course as a specialization will also help you in getting into the fintech industry. Along with getting a degree, you can also opt for internships, sponsored/individual projects, workshops, etc. in fintech for boosting your knowledge.

Fintech TrainingYou can target any particular job role in the fintech industry based on your skillset. There are many types of job roles in the fintech industry like a compliance expert, cybersecurity expert, data scientist, financial analyst, etc.

Acquire Necessary Skills

You will require several technical & non-technical skills to become a fintech expert which is as follows:

  • You should have good problem-solving skills to create better ways of providing financial services to people with the aid of technology.
  • You should have good analytical skills to draw conclusions and to analyze various solutions.
  • Good programming skills are required to become a fintech expert. Programming languages like C#, C++, Java, Python, SQL, etc. are widely used in the fintech industry. You should also be aware of the databases used in the fintech industry.
  • You also should have good financial skills to become an expert. You should be able to read & analyze financial statements & reports for creating better financial services.
  • You should know about the applications/tools used in the fintech industry know about the practices involved in the fintech industry. You should also be familiar with the latest technologies like AI, blockchain, etc. used in the fintech industry.
  • You will also have to possess some soft skills like collaborative skills, communication skills, adaptability, etc. to thrive in the fintech sector.

 Get the Right Certification Course

Besides getting a degree in the related field, you will need to get a certification in fintech from a reliable source to know about the working methodology of the fintech sector. Imarticus Learning is a reliable source that provides you an online Professional Certification in FinTech course. This course by Imarticus Learning is associated with the SP Jain School of Global Management. You will get to learn via an industry-first approach and will get to study real-life case studies.

This course touches on many aspects/processes involved in the fintech industry like payments & lending, API, RPA (Robotic Process Automation), cryptocurrency management, blockchain, etc. You can choose from the Core Modules (for broad coverage) & PRO Modules (for in-depth coverage) of the aforementioned course.

Imarticus also provides several other courses like Pro Degree in Financial Analysis & PG Program in Finance and Accounts to know more about the financial services/industry. The Project: Paradigm Shift provided by the fintech course will help you in creating/transforming business ideas.

Conclusion

Personal capabilities are the main factor for upskilling in any industry. You will only end up working smartly if you follow the right career path. You will get to work on various projects by opting for the fintech course provided by Imarticus Learning.

It provides an excellent practical environment to implement the things learned in the course. Expert faculties which are associated with reputed firms/institutions will be teaching you if you opt for Imarticus courses. Start your fintech course now!

 

What if you would like to switch your career towards Blockchain?

Posted on by Imarticus Learning

There has been an incredible advancement in the evolution of Blockchain technology over the past couple of years. In various sectors in society, from healthcare, education, logistics, industrial supply chains and more, Blockchain has been adopted and implemented in industries.

Due to its use cases and positive reviews, Blockchain-based pilot projects have been part and parcel of the global scenario and possibly the dawn of a new technological revolution. If you are looking to pursue a Blockchain career, there could possibly be no better time than this.

What is Blockchain technology?

Blockchain is a data recording database that is both encoded and dispersed with working similar to computerized records of transactions, contracts or even money. Blockchain technology is mostly useful to protect the transfer of confidential documents like contracts, money, property and more without any third party like a government or a bank interfering in the same.

Once information is stored and encrypted inside a block, it is not possible to change it or tamper with it. The most important and highly useful feature of Blockchain is that it can be accessed across multiple computers.

How to start a career in Blockchain

A fairly new technological segmentation itself, Blockchain careers might not be your run-of-the-mill jobs. In today’s day, technical skills make for a much stronger ground than a candidate’s educational background. Although you can start off as a novice, it will be an added advantage if you have or a similar professional field.

It is not absolutely essential to have a formal education and you can easily start by signing up for a professional Blockchain course. A course in this field can turn out to be highly useful for you if your goal is to master topics in the cryptocurrency space.

Most professional courses teach you the working of the Blockchain platforms along with a solid understanding of the basics, essential vocabulary, key concepts, along with important tools like docker, truffle and more. The main goal of any professional course is to help you understand the A-Z of Blockchain technology and how to implement it in the real world.

Most importantly, a certificate Blockchain course will also teach you how to prepare your own sample Blockchain application, or how to build an actual Blockchain use case later on in the near future.

Most courses on Blockchain technology cover the essential ideas of cryptography and how it is related to Blockchain, and in case you’ve already worked as a developer, engineer or tester, you have an added advantage. Additionally, the course may teach you more about required programming languages like Go, Solidity, or Simplicity, that you may need to develop a Blockchain application.

Blockchain career options

With a bright and evolving future, Blockchain is playing a crucial role in everyday lives. Careers in Blockchain have been and will change the professional world in terms of technology, and before you completely seal the deal, here are a couple of career options you can pursue in Blockchain once you’ve gained professional knowledge in this field.

  • Blockchain Developer
  • Blockchain Quality Engineer
  • Blockchain Designer
  • Blockchain Legal Consultant
  • Blockchain Project Manager

Conclusion

Careers in Blockchain technology are making uproars in the technical world in terms of scope and advancement with top companies looking to hire professionals with an in-depth understanding and working knowledge in this arena.

Cryptocurrency has already changed the face of the world economy in terms of security and the bigger picture looks good. So, think about where your interest lies, conduct basic research about the possibilities and challenges you may face. Once you’ve made up your mind, go for it!

FinTech Ecosystem in India – Trends, Top Startups, Jobs, Challenges, and Opportunities

Posted on by Imarticus Learning

Introduction

Fintech services in India are witnessing growth in recent years. India is one of the top five markets in the fintech sector. The Fintech sector in India received a finding of about $270 million in 2016 and it has grown a lot since then.

Fintech courses and jobsThe technology innovation in India and the surge in usage of smartphones has helped in the growth of fintech services. The recent coronavirus outbreak has also made people shift towards online modes of transferring money. Let us see the trends and opportunities in the fintech sector in India.

Trends in Fintech in India

The top trends in fintech that one should look for in India are:

  • Platform as a Service (PaaS) is helping fintech companies to provide more services to their clients. With the help of PaaS, fintech firms can provide payment processing services, credit risk management services. It also helps in resource management & team collaboration.
  • The usage of new-age technologies like machine learning, artificial intelligence, robotic process automation is also trending. These technologies are helping in generating automation & helping in processes like online credit report generation, customer support services, etc.
  • The usage of Blockchain as a Service (BaaS) in fintech services is also witnessing a growth.
  • The shift of traditional financial institutions towards fintech is also booming in India. A lot of traditional banks have come up with their own mobile applications to compete with the fintech giants.

Top Start-ups in the Fintech Sector in India

Some of the top fintech start-ups in India are as follows:

  • MobiKwik
  • BankBazaar
  • One97 Communications
  • Phonepe
  • Policy Bazaar
  • Capital Float
  • CCAvenue

Jobs in the Fintech Sector in India

Fintech is a combination of banking services & technology. IT experts in data analysis, blockchain, machine learning will be in huge demand in India as they will be required in building smart algorithms that can automate the financial processes and can save time & money of any particular fintech firm.

Job opportunities will also be available for mobile application developers, UI/UX designers, etc. There are many fintech start-ups/firms in India and thus more jobs will open in the banking & IT sector.

Challenges & Opportunities in the Fintech Sector 

There are a lot of challenges faces by fintech companies. They have to make sure that their online transaction platform is secure. They have to secure the sensitive information of their users at any cost. They have to also cope up with the rules and regulations laid by the government.

The lack of deep-technology experts in India has also created hiring problems for fintech firms. The recent coronavirus outbreak has also impacted the working culture of the employees in the fintech sector. The monitoring of staff is also done remotely via online mediums.

There are a lot of opportunities in India in the fintech sector. The government of India also promotes the use of digital transfer mediums. The government of India is also providing financial aid to start-ups up to 1 crore if your idea is worth it. There is a huge user base in India because there is a lot of population and almost everyone is having access to smartphones. In recent years India saw demonetisation being imposed by the government which has fueled the use of fintech services.

Conclusion

Fintech services are challenging the traditional banking services up to a great extent in India. If you are thinking of building a Fintech Career, then perhaps this is the right time to step in this sector.

Career in FintechYou can learn more about this industry via various Fintech courses available on the internet.

This was all about the fintech trends, challenges & opportunities in India.

What Makes “Project: Paradigm Shift” a Watershed Moment in the Professional Lives of Fintech Learners!

Posted on by Imarticus Learning

A paradigm shift is defined as the change in the working methodology, practices, etc. of any particular industry/sector. For example, if a new technology is introduced in any particular manufacturing business, it will change the way the goods used to be manufactured. Besides business, a paradigm shift is observed in many other sectors like disaster management, science, etc.

A paradigm shift is a change that occurs with time. Change is the nature of development & paradigm shift is that change. American physicist/philosopher Thomas Kahn Kuhn first coined the term ‘paradigm shift’.

Let us see why a paradigm shift is important in the lives of fintech learners.

Paradigm Shift in Fintech

Earlier, finance services were provided physically via banks. Fintech services created a paradigm shift in the financial sector. Besides physically visiting a bank, people can now do their transactions in just a few taps on their smartphones.

Fintech has changed the way financial services were provided to customers. Many new reforms are expected to come in the upcoming years in the fintech sector which will create a further paradigm shift in this sector. Fintech firms always hire expert individuals who can further reform the way financial services reach customers.

Fintech services are responsible for creating a paradigm shift in many sectors like banking, SMEs, MSMEs, etc. Fintech professionals should know about the paradigm shift & be able to create one for their firm/business. Whenever you can change according to the latest market, you pave the path for upward mobility. Let us see how to learn more about the paradigm shift in fintech.

Project: Paradigm Shift

Imarticus Learning provides a ‘Project: Paradigm Shift’ which is a part of their Professional Certification in FinTech course. This project is compulsory to attend and will help you in applying all the theories learned during the course. This project can create/signal a paradigm shift in business operations in the fintech industry. You will transform the learning of the course into business ideas with the help of this project.

To learn & implement paradigm shift, this course provided by Imarticus Learning is the best and is also the first of its kind. You can do a case study of some past successful business ideas made under this project on Imarticus Learning’s website.

Whether you choose the PRO or CORE fintech course provided by Imarticus, you will be eligible for the ‘Project: Paradigm Shift’. You will be applying various topics learned in the Fintech Certification course like RPA(Robotic Process Automation), blockchain, cryptocurrency management, etc. in real life via this project.

Fintech courseYou will get to know about the operations in digital banks via this course. It will help you in understanding the practices involved in the current fintech industry. This project provided by Imarticus is good for creating business ideas & start-ups.

Why Imarticus Learning?

 The Professional Certification in FinTech by SP Jain School of Global Management will provide you an edge as it covers all aspects of the fintech industry like payments, lending, new business models, API economy, blockchain, etc. The profit of choosing this course provided by Imarticus Learning are as follows:

  • You will be taught with an industry-first approach.
  • You will get placement support from Imarticus Learning and can access an AI-based job platform to find the best available jobs in the fintech industry.
  • You will also get access to a project platform via this course which will help you in showing your projects to potential recruiters & investors.
  • You will get access to SP Jain’s lab environment & can also interact with the vast fintech community.
  • You will be taught by expert faculties who are connected with reputed brands in the industry.
  • You will get to learn the role of new-age technologies in the fintech sector like blockchain, AI, ML, data analysis, etc.

In a Nutshell

 Fintech learners prefer this ‘Project: Paradigm Shift’ provided by Imarticus Learning in their Fintech Professional Course as it helps them in applying the learned topic experimentally. You will also get access to a world-class lab environment. This course can also be opted by professionals who are already working in the finance industry & want to upskills themselves. Start your Fintech course now!

Lets Learn about Consumer Behavior Mapping Techniques In FinTech And Digital Banking

Posted on by Imarticus Learning

Introduction

With the internet and focus on digitization, the fintech (financial technology) industry is also evolving. One of the massive changes that have emerged in this industry is the use of digital transaction portals. The entire BFSI sector has transformed, integrating modern cutting-edge technology with Digital banking solutions to meet the evolving needs of customers. A prime observation noticed among modern customers is that they are increasingly moving towards transactional mobility. This demand has compelled the BFSI industry to form an all-round interaction with the customer and provide banking services using the power of Financial Technology.

Need for Consumer Behavior Mapping

Due to mobile phones being accessible all around the world, consumers have more access to information and diverse services. This naturally means that there is more competition among financial institutions as they try to improve their customer base.

In the current digital world, a customer can choose from a diverse variety of financial services, and since there is no limit on providers, they can also mix and match their financial service providers. Also, there can be difficulty in identifying whether a customer is demanding a financial service online or not since many customers do not actively choose a financial platform based on their need but on a need demanded by another service provider.

It is clear that the current customer base is more technologically educated and information-savvy. Hence, it is important that innovative ways are used to understand the customer thoughts, the trends in the market and understanding the reasons behind a product decision. Analyzing financial behavior and tying it with a range of demographics can help in understanding trends in customer behavior. While big data analysis can be a great way to understand this trend, traditional methods like interviews, online surveys, offline studies can help too. 

Fintech and the changing financial scenario 

In 2020, the world almost stood still with the COVID-19 pandemic. As most physical forms of transactions came to a halt, the fintech market emerged strongly. By automating financial services and improving on digital customer experience, banks and financial institutions were able to interact with customers and provide them the necessary services even during a COVID-impacted scenario.

Indian banks started integrating Blockchain, Cloud Computing, RPA, Data Science and Analytics, AI, and Machine Learning to understand customer requirements and upgrade their services to provide the best experience to them. Implementing advanced financial technology in several banking areas can help build and retain a strong customer base.

After all, Fintech relies a lot on customers and how they interact with Banking services. As future customers become more tech-savvy, fintech will continue to evolve and its role will be stronger in the financial systems of our country and the world as a whole.

EndNote

As Fintech becomes a part of our lives, BFSI industries should start adapting to the changing scenario and understand ways to map customer behavior. Mr. Mujib Mundewadi has been kind enough to offer a 2-hour long Masterclass on the topic.

He has had around 25 years of experience in the banking sector and has worked with investment negotiation, financial structuring, cross-border taxation solutions, and finance strategy too. MBA aspirants, BFSI professionals, Finance Management and New Age Banking aspirants, Fintech aspirants, and consumer Behavior Enthusiasts can attend this Masterclass.

Let’s involve and invest in such a valuable lesson on fintech and customer behavior mapping. Register Now.

Where to Find Your Next Affordable Fintech Course?

Posted on by Imarticus Learning

Fintech (Financial Technologies) is rapidly transforming a plethora of industries today. From wealth management to mobile banking, investment apps, blockchain & cryptocurrency, Fintech innovations are improving various spheres of the financial sector by introducing new methods and automating the traditional ones.

By integrating artificial intelligence and data science, fintech companies make financial services fast, secure, and efficient. The innovations are expanding to numerous territories of businesses, resulting in a wide expansion of this industry.

Careers in Fintech

As the industry is swiftly evolving, so are its career opportunities. Fintech offers a range of exciting job roles to people with a knack for finance and technologies. People with creative abilities and planning and research skills are a great fit for a valuable career in the fintech industry.

Some of these careers include:

  • Product Manager
  • UI/UX and Graphic Designer
  • Data Scientist
  • Cloud Management
  • Product Engineer
  • Business Analyst
  • Blockchain Developer
  • Compliance Expert
  • Cybersecurity Analyst, etc.

Courses in Fintech

To pursue a career in Fintech, one needs to have in-depth knowledge about this industry. For this, you can do a Fintech course.

Fintech coursesThere are many Fintech courses in India offered by different institutes. These courses will teach you the basics of Fintech and the current trends and practices in the financial service industry which will increase your chances of getting a job in this industry.

Though these courses are important, a lot of them can fall too heavy on your pocket, creating hurdles in your path to becoming a Fintech professional.

If you are looking for an affordable Fintech course that offers you comprehensive guidance on all the concepts and practices of Fintech, then Imarticus is the right choice for you.

Imarticus Learning – Fintech Courses

Imarticus Learning is a leading technology-led educational institution offering pro degrees and certificate courses in a variety of industries. For Fintech, Imarticus offers two programs namely-

  1. Fintech pro degree in collaboration with Rise Mumbai
  2. Fintech certificate course in association with SP Jain School

The programs dive deep into the concepts of Fintech and provide students clarity on several areas such as analytics and machine learning, robotic process automation, blockchain, design thinking and experiential learning, etc.

Fintech Pro Degree Program

The Fintech pro degree program is a 125-hour online program that follows an industry-centric curriculum thoroughly. Some of the modules of the Fintech pro degree are:

  • Batch Launch
  • Introduction to Fintech
  • Fintech for Managing Capital: Allocation of Capital and Insurance
  • Fintech for Managing Capital: Access to Capital
  • Fintech for Managing Capital: Management of Capital

Fintech Certificate Course

The Fintech courses Online is available in two modes- Core and Pro. The core program will be of 100 hours duration and the pro program will be of 140 hours.

The core program will cover a broad spectrum of Fintech concepts with group mentorship. Some of the modules of this program include:

  • Introduction to BSFI & Fintech
  • Digital Transformation & PRA
  • Cloud Computing & API Economy
  • Blockchain & Beyond

The pro program is focused on providing extensive knowledge with individual mentorship. Some modules of the pro program are as follows:

  • Payments – Consumer & Wholesale
  • Use of Technologies in Payments & New Business Model
  • Lending – Consumer & Wholesale
  • Use of Technologies in Lending & New Business Model

The fee for the Fintech certificate course is:

Core: INR 2,00,000

Pro: INR 3,00,000

For better affordability, Imarticus Learning offers students three different options to pay the fee which includes;

  1. Full payment with a 10% discount, that is,

Core: INR 180,000

Pro: INR 270,000

  1. Interest-free education loan with EMI starting from as low as INR 16,667 per month.
  2. Payment of fee in two installments.

Perks of Pursuing Fintech Programs with Imarticus Learning

Imarticus Learning offers students unique Fintech pedagogy, industry partnerships, access to their Fintech community along with the certificate/degree of the course on completion. Join today to secure your successful Fintech career!