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Tag: New Age Banking Training

What Course Should You Pursue Apart From A CFA To Make A Career In Wealth Management?

Posted on by Imarticus Learning

Many a financial career aspirant makes errors in deciding on what kind of career to choose. Also, they go after fancy degrees, certifications, and courses without a thought of what and how to earn and create wealth. A .wealth management course can be a very lucrative career where your earnings can be fee-based. Or you can join a bank too. The ‘lack of information’ about such learning is a major issue that we intend to tackle today.

The Perspectives:

Parents: 

Career options for their wards from the parent’s end are trend-based and most would like it when the kids choose an IT or banking career. Government jobs are of course the first choice. This is no surprise since all parents want their children to do courses like the 0.wealth management course and be well-settled in careers such as CAs, auditors, bankers, and such because these are prestigious jobs that allow you to make a career in the high-demand areas and earn pay-packets that are truly the neighbor’s envy.
Career aspirants:

The right decision for career aspirants in the financial industry is in one way or the other linked to finance and investment-decisions processes. You can look at the financial verticals and find plum roles such as the

1. Decision making Research Analysts, Portfolio Managers, Wealth Managers, etc.
2. The decision enablers like Operations, Statisticians, Credit Analysts, Risk-analysts, etc.

What if you are not aspiring to be a Chartered Financial Analyst-CFA? Let us explore this from the perspective of other job options relating to wealth that a WM course can help with.

The WM course:

India is having a strong growth of individuals with investable wealth or HNIs. According to the 2012 Global Wealth Report by Credit Suisse, the 158,000 millionaires could rise in 2017 to 242,000 requiring at least 10,000 Wealth Managers. Also, the CWM® certification carries its own weight in verticals like Banking, AMCs, Wealth Advisory Firms, Brokering, Financial Advisory businesses, and Insurance.

What the Wealth Manager does:

The WM is your one-stop for investment advice, portfolio management and even services like tax,  estate planning, legal issues, accounting, retirement planning, insurance, and such services. He has probably had some wealth training from a wealth management course.

  • Wealth management is advisory investment services for affluent HNI persons.
  • The WM is a highly expert multi-faceted professional who undertakes wealth management for affluent clients at a negotiated fee.
  • Customers benefit as the WM is a single-point of contact for holistically coordinating a wide variety of need-based financial services for wealth management and also undertakes planning for the future.
  • This area is for those individuals who have a corpus and are busy earning while needing someone trustworthy to manage their diverse needs for financial solutions.

Learning about wealth management:

The present market is flooded with resources in WM like podcasts, blogs, books, apps, etc. However, knowing the basics of financial markets, the management of debts, loans, budgets, insurance, mortgages, investing, etc. will aid your career and facilitate it in your future tasks.

Let us explore the Wealth Management course.

So, you want to learn wealth management then the easiest route is to do a New Age Banking Course. Learning money management is a skill that one learns early and it is a vital life soft-skill. Especially so when you are trained in WM and are an expert resource teaching other wealthy people how to manage their wealth effectively in paying investments and also plan for the unknowns of a planned future.

Imarticus Learning is a training provider with a wealth management course and has a wonderful repertoire of blogs on every subject under the sun. It also provides you with the resources vital for further action to be taken to further your career, gain certifications, etc using paid courses.

Available job profiles: 

The current scenario has three market segments. Namely,

A. Banking jobs: Profiles and opportunities exist in Premier Banking, Wealth Management, Private Clients, Investments, Financial Planning, Liabilities, Bank Assurance, Client Servicing, Product Management, Operations, Fund Management, Institutional Channel Sales, Retail Sales, Marketing, Investor Relationship, Operations, Equity Analyst, Client Servicing Wealth Management, Research, Retail Sales, Institutional Sales, Sub-Broker Channel, Institutional Channel Sales, Portfolio Manager, Managing Agent & Retail Channels, Product Management, and Corporate Brokering.

B. Independent: Client Servicing, Financial Advisor, Wealth Manager.

C. Advisors in wealth or AMC brokering, insurance, etc.

Skills required:

Some of the essential skills are: 

  • Customer Management.
  • Product Knowledge.
  • Client Psychology.
  • Selling Skills.
  • Soft Skills.
  • Understanding of Competition, Business Understanding, and Financial Markets.

Target groups:

These groups can benefit immensely.

  • Working Professionals including Private Banking and Relationship Managers in Wealth Management seeking international certification, IT professionals needing domain skills, Product managers and heads seeking to improve technical aspects in the business, bank executives, Broking Houses, NBFCs, Mutual Funds, Distribution houses, Insurance, etc.
  • Students and career aspirants with B.Com / BBA / BMS / BAF BBI / BFM / M.Com, other graduates seeking careers in finance, graduates with MBA / CA /Law, etc looking for a career.
  • Self-employed professionals managing HNI clients, insurance and MF advisors, independent financial advisors, and others looking to gain technical skills in WM.

In conclusion, discover the wealth management course at Imarticus Learning today as a platform for a successful financial career. For more details and further career counseling, you can also contact us through the Live Chat Support system or can even visit one of our training centers based in – Mumbai, Thane, Pune, Chennai, Hyderabad, Banglore, Delhi, Gurgaon, and Ahmedabad.

Which Are The Best Certification Courses In Corporate Banking?

Posted on by Imarticus Learning

Corporate Banking which is an area many career aspirants would love to join surprisingly has very few good certification courses. Recently FLIP introduced a specific Corporate Banking certification course which is apparently popular among the B-school aspirants.

This course covers non-funded and funded products while taking you through all corporate banking important work areas. It is an apt course for SME and corporate banking career aspirants and is also used for employee training by leading NBFCs and banks.

The syllabus covers topics like: 

  • Understanding products, solutions, corporate client requirements and the matching of these parameters.
  • RAROC adjustments of risk, wallet sizes, Matrix for product penetration, and relationship management.
  • Credit note memos, analysis, and presentations to the management.
  • Client credit-profile analysis and assessment through quantitative and qualitative techniques.
  • Corporate banking products, Treasury products, and both non-funded and funded products.

In retail banking aka consumer banking, the focus is on the individual consumers or mass-market large commercial banks offering services through their local offices. Some examples of such banks are Citibank, JPMorgan, Goldman Sachs, Wells Fargo and Bank of America.

Increasingly the trend is to go in for new-age banking with a gamut of services and products that are consumer-need and profitability based one-stop banking solutions providers with services like retirement planning, private banking, brokerage accounts, corporate banking, wealth management, and even third-party services being included. Hence a wide-scope Corporate Banking Course is best undertaken at a reputed institute like Imarticus Learning.

Why banking jobs are so popular:

In comparison to investment banking, corporate banking dealing with corporate has relatively fixed working hours, fewer deals, large-deal amounts and offers a broader job-scope. New-age banks have evolved which are needs and market-based. Traditionally the roles were related to customer-service and teller areas in banks. This means multi-tasking banking professionals are in high demand.

Today rather than specific roles in corporate banking, an aspirant can also take up any of the trending opportunities in new-age banking like

  • Investment and Trust Banking help with investments, issuances, property and fund management for both individual and institutional clients.
  • Operations roles deal with the everyday handling of banking operations from bookkeeping, record keeping, financial analysis, strategy meetings, client presentations, etc.
  • Personalized Consumer Banking or retail banking division roles deal with customized services and financial advice to priority individual HNI customers.
  • Commercial and Corporate Banking roles have clients like organizations, schools, businesses, churches, etc to cater to customized banking financial solutions.
  • IT, systems and security cover areas that aid the banking operation, accumulate technology, data, and records, store them safely, and maintain the safety of the entire banking environment and assets.
  • Accounting and administration roles handle policies, routine due-diligence, strategy and planning, internal operations and such tasks.
  • HR and PR Resources are the bloodlines and while HR is employee management related the PRO is client-facing and strives to improve customer experience and feedback.
  • Regulatory and Accounting and administration roles handle policies, routine due-diligence, strategy and planning, internal operations and such tasks.
  • Marketing is an important role and helps win the new customers into the fold with banks product information, managing the customer database, advertising, media, and press releases and much more.

The benefits:

New-age banking offers some great features like: 

  • Job security and working in MNC environments.
  • Super salary packages topped with great benefits
  • Jobs for retired bankers and career-changers within the banking areas are never a problem.
  • Wide variety of jobs experiences and roles.
  • Banking industry jobs are prestigious and have a thriving ecosystem.
  • To update knowledge of latest banking trends and practices new age banking training can help. They also help with certifications and interview skills.
  • Excellent career progression and scope for banking jobs makes this career choice great.
  • Community service goals and continued learning opportunities are satisfying and enriching.
  • The working hours are good and the environment conducive to career-progression.
  • Certifications gained to add value to your resume and knowledge endorsing your skill levels.

Skills required:

To become career-prepared you need to undertake new age banking training. An academic bachelor’s degree would be essential and experience in banking practices definitely help. Fluency in English communication and excellent skills in presentations using Microsoft Excel Macros and financial software is critical to presenting a report of insights that help decision-making based on predictive analysis foresight and data analytical skills. Yes, conceptual knowledge and expertise in the domain enable you to stand out in this prestigious job.

Conclusion:

The pay packages, bonuses, and career-progression when you make a career in new-age banking are not just lucrative and prestigious. They are performance and new-age banking certification enabling continuous learning and very satisfying job roles.

Hurry to Imarticus Learning today! For more details in brief and for further career counseling, you cal also contact us through the Live Chat Support system or can even visit one of our training centers based in – Mumbai, Thane, Pune, Chennai, Hyderabad, Delhi, Gurgaon, and Ahmedabad.

How To Change Career From Retail Banking After Working For a Few Years?

Posted on by Imarticus Learning

Your decision to take up a career in new-age banking is after being in retail banking is not only logical and laudable but is a great career move.

You will need to do new-age banking courses to catch up with the latest trends in new-age banking which offers some great features like:

  • Job security and working in MNC environments.
  • Super salary packages topped with great benefits
  • Jobs for retired bankers and career-changers within the banking areas are never a problem.
  • Wide variety of jobs experiences and roles.
  • Banking industry jobs are prestigious and have a thriving ecosystem.
  • To update knowledge of the latest banking trends and practices New Age Banking Training can help. They also help with certifications and interview skills.
  • Excellent career progression and scope for banking jobs make this career choice great.
  • Community service goals and continued learning opportunities are satisfying and enriching.
  • The working hours are good and the environment is conducive to career progression.
  • Certifications gained to add to your resume and knowledge endorsing your skill levels.

EFFECTIVE STRATEGIES TO RIDE THE EDTECH WAVEThe variety of sectors on offer:
New-age banks have evolved which are needs and market-based. Traditionally the roles were related to customer-service and teller areas in banks. This means multi-tasking banking professionals are in high demand.

The trending opportunities in new-age banking are: 

  • Investment and Trust Banking help with investments, issuances, property, and fund management for both individual and institutional clients.
  • Operations roles deal with the everyday handling of banking operations from bookkeeping, record keeping, financial analysis, strategy meetings, client presentations, etc.
  • Personalized Consumer Banking division roles deal with customized services and financial advice to priority individual HNI customers.
  • Commercial Banking roles have clients like organizations, schools, businesses, churches, etc to cater to customized banking financial solutions.
  • IT, systems, and security cover areas that aid the banking operation accumulate technology, data, and records, store them safely and maintain the safety of the entire banking environment and assets.
  • Accounting and administration roles handle policies, routine due diligence, strategy and planning, internal operations, and such tasks.
  • HR and PR Resources are the bloodlines and while HR is employee management related the PRO is client-facing and strives to improve customer experience and feedback.
  • Regulatory and Accounting and administration roles handle policies, routine due diligence, strategy and planning, internal operations, and such tasks.
  • Marketing is an important role and helps win new customers into the fold with the bank’s product information, managing the customer database, advertising, media, and press releases, and much more.

What is new-age banking?
The term ‘new-age banking’ is applied to traditional banking offering a re-packaged combination of services in Forex, online lending, and banking services.

Online Lending: 
IndusInd Bank has set the right example for new-age banking. Their loans are now pre-approved and the ETB users log into the portal and get instant loans after meeting the online eligibility criteria. Besides, they have ramped up the loans on consumer durables, securitized loans, and more digitizing those long and time-consuming loan processes into paper-less, pre-approved seamlessly online instant transactions.

Transactions in FOREX:
This trending market also covers multi-currency travel cards, currency exchange at market rates, and delivery of local currency at kiosks or the airport for foreign travelers. The easy on-boarding and reloading, blockchain-based security, direct product deliveries against cash-on-receipt; easy conversions of FOREX, etc are some of the USPs.

Personalized Banking Services:
Customization of banking services through requests has made visiting the bank unnecessarily. Almost all banks have portals for account management, and payment platforms like BHIM and QR scans like PayTM have meant digitization and cashless transactions leading to higher C-SAT ratings.

Skills for a new-age banker:
To become career-prepared you need to undertake new-age banking training and work hard in the New-Age Banking Courses on the following attributes. An academic bachelor’s degree would be essential and experience in banking practices help.

Fluency in English communication and excellent skills in presentations using Microsoft Excel Macros and financial software is critical to presenting a report of insights that help decision-making based on predictive analysis foresight and data analytical skills. Yes, conceptual knowledge and expertise in the domain enable you to stand out.

Employment Outlook:
The pay packages, bonuses, and career progression when you make a career in new-age banking are not just lucrative and prestigious. They are performance and certification related enabling continuous learning and very satisfying job roles.

Conclusion:
Bank jobs are open to all graduates and persons making career changes within the banking sector. Doing the new-age banking training course at Imarticus Learning helps you with assured placements, certification, knowledge of the new-age banking procedures, and employable experience.
Hurry! Admissions are limited in every batch.

Want To Learn New Age Banking? What Are The Prerequisites For It?

Posted on by Imarticus Learning

With the banking industry constantly evolving to keep up with new technology, there is a surge in jobs in entirely new categories. New age banking is no longer a dream but a reality that all banks are transitioning towards and the career opportunities created are diverse and exciting.
What Is New Age Banking?
New age banking is the integration of digital technologies into banking services in order to reduce the hassle associated with traditional banking. This means no more long lines to basic bank work like deposits, transfers, and more. Today, you can easily open a new bank account, get a credit card, generate new PIN numbers, and more, all in the comfort of your home.
In India, new age banking is still in its infancy and there is a lot more scope for expansion of its capabilities. In many systems around the world, banking is now under one large umbrella where you can jump from one system to another seamlessly.
With new age banking, comes a whole new host of challenges and possibilities. People working in this sector have to have a range of qualifications and strengths in different aspects.
How To Get Into New Age Banking?
New age banking requires a complex and diverse set of skills with an in-depth knowledge of various banking concepts. While you can go about acquiring the required skills and expertise on your own, it is far more advisable to take the many New Age banking Courses available. These courses will cover a range of topics. A good course should also help you with placements at reputable financial institutions. Here is a list of concepts you will be required to master in order to get a job in new age banking.

  1. Macroeconomics: It is imperative to understand macroeconomics and the various implications of the same. You will have to understand the financial sector, economic system, and learn how to analyze economies, industries, and companies.
  2. Finance: You will have to have a theoretical and practical understanding of financial products, the different asset classes, wealth management, and market microstructure.
  3. Financial Analysis: Here, you must have an understanding of financial statements, ratios and their analysis, credit analysis, and credit management in banks and NBFCs.
  4. Fintech: This is a diverse field where you will have to be familiar with several concepts and how to work with them.
  5. You will be expected to have an understanding of using fintech for managing capital.
  6. An in-depth understanding of blockchain and cryptocurrencies is also essential.
  7. You will need to understand how machine learning and robotic process automation (RPA) can help you with financial analysis.
  8. Retail Banking: You will require an understanding of several concepts and have Retail Banking Skills such as deposit products and operations, retail lending, mobile banking, internet banking, branchless banking, and POS terminals.
  9. Corporate Banking: A close understanding of debt products, liability products, working capital, trade finance, and its products, forex sales and operations, treasury products, international products, and fintech in corporate banking.
  10. NBFC: You will need to understand Non-Banking Financial Companies, their products, classifications and funding, sourcing channels, credit underwriting, collection, and digital innovations in NBFCs.
  11. Risk Management: Here you will have to be familiar with the types of banking risks, liquidity risks, market risks, credit risks, and operational risks.
  12. Regulatory Framework: It is essential that you have a good hold on the different regulations in place which includes client onboarding, anti-money laundering, regulatory frameworks and compliance, and regtech.

Apart from having technical skills of the various concepts involved in new age banking, you will also require to have several soft skills in order to secure a job in new age banking. Some of these include:

  • Good communications skills
  • Business writing skills
  • Global business etiquette
  • Customer-centric sales understanding
  • Strategic selling
  • Negotiation skills
  • Proficiency in Excel
  • Good resume writing abilities
  • Interview skills

As you can see, New Age Banking is a complex and diverse field where you will require a strong understanding of several concepts. Financial institutes looking to hire for new age banking expect their employees to continue their knowledge of the field even after learning the basics. A strong people-centric approach is necessary for a job in new age banking.

How Would Your Job Prospects Change After a New Age Banking Course?

Posted on by Imarticus Learning

Your decision to take up a career in new-age banking is laudable. Some of the obvious plus points of doing a New age banking course and making a career in banking are:

  • Job security and working in MNC environments.
  • Super salary packages topped with great benefits
  • Undying scope for job opportunities even after retirement.
  • Wide variety of jobs experiences and roles.
  • Banking industry jobs are prestigious and have a thriving ecosystem.
  • You can avail New Age Banking Training to help you qualify at the competitive job tests and interviews.
  • Your ambitions are never limited and career progression is also great.
  • Community service goals and continued learning opportunities are satisfying and enriching.
  • Fixed working hours and a great environment to work in.
  • Certifications gained to add to your resume and knowledge endorsing your skill levels.

The variety of sectors on offer:
Traditionally the roles were related to customer-service and teller areas in banks. Today many key areas need personnel who can multi-task in new-age banks.
Here are some of the opportunity areas in current new-age banking: 

  • Personalized Consumer Banking division roles deal with customized services and financial advice to priority individual HNI customers.
  • IT, systems and security cover areas that aid the banking operation, accumulate technology, data, and records, store them safely, and maintain the safety of the entire banking environment and assets.
  • Commercial Banking roles have clients like organizations, schools, businesses, churches, etc to cater to customized banking financial solutions.
  • Investment and Trust Banking help with investments, issuances, property and fund management for both individual and institutional clients.
  • Accounting and administration roles handle policies, routine due-diligence, strategy and planning, internal operations and such tasks.
  • Regulatory and Accounting and administration roles handle policies, routine due-diligence, strategy and planning, internal operations and such tasks.
  • HR and PR Resources are the bloodlines and while HR is employee management related the PRO is client facing and strives to improve customer experience and feedback.
  • Operations roles deal with the everyday handling of banking operations from bookkeeping, record keeping, financial analysis, strategy meetings, client presentations, etc.
  • Marketing is an important role and helps win the new customers into the fold with bank’s product information, managing the customer database, advertising, media, and press releases and much more.

What is new-age banking?
New-age banking challenges hence involve upgrading traditional banking business to cutting-edge services offering services in the following three areas of online lending, banking services, and Forex transactions.
Online Lending: 
Take the case of IndusInd Bank. Their loans are now pre-approved and the ETB users log into the portal and get instant loans after meeting the online eligibility criteria. Besides, they have ramped up the loans on consumer durables, securitized loans, and more digitizing those long and time-consuming loan processes into paper-less, pre-approved, seamlessly online instant transactions.
Transactions in FOREX:
This trending market also covers travel cards that are multi-currency, currency exchange at market rates and delivery of local currency at kiosks or the airport for foreign travelers. The easy on-boarding and reloading, blockchain based security, direct product deliveries against cash-on-receipt; easy conversions of FOREX, etc are some of the USPs.
Personalized Banking Services:
Customization of banking services through requests has made visiting the bank and queues obsolete. Almost all banks have portals for account management, and payment platforms like BHIM and QR scans like PayTM have meant digitization and cashless transactions leading to higher C-SAT ratings.
Skills for a new-age banker:
To become bankable as a new-age banker be prepared to undertake New Age Banking Training and work hard in the New Age Banking Course on the following attributes. You will need to have a sound academic record and at least a graduation degree.
You will need : 

  • Strong manipulative skills in Excel VB Macros and such financial software.
  • Excellent forecasting, predictive and analytical skills.
  • Analytical thinking and problem-solving abilities.
  • Sound conceptual foundations in subject-expertise are very desirable.
  • Fluency in English communication.

Employment Outlook:
The total payouts in new-age banking roles are performance and bonuses oriented and are extremely well-paying in comparison to other jobs.
Conclusion:
Bank jobs are open to all persons. If you are a graduate and have the necessary attributes and persona for a banking job, do a new-age course in banking at Imarticus Learning. Doing the New Age Banking Training course helps you earn a global measurable certification which validates your skills and knowledge and is acceptable as real-life experience of the new-age banking procedures and experience requirements preferred by most employers.
The course helps prepare you with a good curriculum, practical experience, assured job placements and help in cracking the interviews. Hurry! Admissions are limited in every batch.

How Can You Prepare For a New Age Banking Interview?

Posted on by Imarticus Learning

Personalization and digitization have transformed all banking sectors ranging from identifying customers, successfully disseminating personalized information, on-boarding the client, doing due-diligence at all stages of acceptance, lending and requests until the final disbursements of loans or funds. Turning away from traditional banking procedures has meant that new age banking training has become a must to keep pace with technological and evolutionary changes in the banking system.

What is new-age banking?

New-age banking challenges hence involve upgrading traditional banking business to cutting-edge services offering services in the following three areas of online lending, banking services, and Forex transactions.

Online Lending: 

Take the case of IndusInd Bank. Their loans are now pre-approved and the ETB users log into the portal and get instant loans after meeting the online eligibility criteria. Besides, they have ramped up the loans on consumer durables, securitized loans, and more digitizing those long and time-consuming loan processes into paper-less, pre-approved seamlessly online instant transactions.

Transactions in FOREX:

This trending market also covers travel cards that are multi-currency, currency exchange at market rates and delivery of local currency at kiosks or the airport for foreign travelers. The easy on-boarding and reloading, Blockchain based security, direct product deliveries against cash-on-receipt; easy conversions of FOREX, etc are some of the USPs.

Personalized Banking Services:
 Customization of banking services through requests has made visiting the bank unnecessarily obsolete. Almost all banks have portals for account management, and payment platforms like BHIM and QR scans like PayTM have meant digitization and cashless transactions leading to higher C-SAT ratings.

Skills for a new-age banker:

To become bankable as a new-age banker be prepared to work with new age banking courses on the following attributes. You will need to have a sound academic record and at least a graduation degree. You will need  

  • Fluency in English communication. 
  • Excellent forecasting, predictive and analytical skills.
  • Analytical thinking and problem-solving abilities.
  • Sound foundations in subject-expertise are very desirable.
  • Strong manipulative skills in Excel VB Macros and such financial software.

The how-to of the interview:

New-age banking has become click dependent! Here are some tips to crack the difficult new-age banking interviews.

1. Do a course:

Firstly, consider doing New Age Banking Courses at reputed Imarticus Learning. Besides the most comprehensive curriculum, they emphasize resume building, personality development, practical project and assignment work and much more. 

2. Research your information on the job, bank, and role:

Don’t take the Imarticus new-age banking course with placement for granted. The questions you should focus on will be your academic and family background, any breaks in academics, weaknesses, strengths, why you deserve hiring and such. A lot of information is available on the bank websites and the internet too.

3. Practice and be well-prepared for the interview:

Being prepared is half the battle won! Make a list of interviewer questions and focus on what the interviewer wants from you. Here’s a cheat-list questionnaire.

General type:

  • What does banking mean to you?
  • Talk me through your CV.
  • What does the role/ present market condition mean to you?
  • What do you think this bank values can achieve?
  • Why do you want to become a banker?
  • What are your achievements/ weaknesses/ strengths?
  • How do you handle leadership/stress/ failure/ accomplishments?
  • Why do you think you should be hired?

Technical type:

  • Explain what this means to you. Financial models/ valuation methods like DCF/ Weighted capital costs/ deferred tax assets and such topics
  • How can you use bank earnings?
  • Explain how different new-age banking is?

4. Keep situational case-studies undertaken handy:

Try to link your answers with the case-studies to emphasize your learning and show coherent logical thinking throughout the interview. Polish your presentation and communication skills while practicing.

5. Dress suitably:

The new-age banker is neatly and respectfully dressed. Your attire also showcases your character, goals, and beliefs and helps make the client ready to trust you. 

Conclusion:

The total payouts in new-age banking roles are performance and bonuses oriented and are extremely well-paying in comparison to other jobs. Doing the New Age Banking Training;course helps you earn a global measurable certification which validates your skills and knowledge and is acceptable as real-life experience of the new-age banking procedures and experience requirements preferred by most employers.

In parting, if you wish to learn all about the new-age banking course with placement career- course, do your course with the reputed Imarticus Learning to emerge right atop of the rushing crowds of banking career aspirants. Hurry! Admissions are limited in every batch.

How Can You Prepare For a New Age Banking Interview?

Posted on by Imarticus Learning

How can you prepare for a new age banking interview?
Personalization and digitization have transformed all banking sectors ranging from identifying customers, successfully disseminating personalized information, on-boarding the client, doing due-diligence at all stages of acceptance, lending and requests until the final disbursements of loans or funds. Turning away from traditional banking procedures has meant that new age banking training has become a must to keep pace with technological and evolutionary changes in the banking system.
What is new-age banking:
New-age banking challenges hence involve upgrading traditional banking business to cutting-edge services offering services in the following three areas of online lending, banking services, and Forex transactions.
Online Lending: 
Take the case of IndusInd Bank.
Their loans are now pre-approved and the ETB users log into the portal and get instant loans after meeting the online eligibility criteria. Besides, they have ramped up the loans on consumer durables, securitized loans, and more digitizing those long and time-consuming loan processes into paper-less, pre-approved seamlessly online instant transactions.
Transactions in FOREX:
This trending market also covers travel cards that are multi-currency, currency exchange at market rates and delivery of local currency at kiosks or the airport for foreign travelers. The easy on-boarding and reloading, blockchain based security, direct product deliveries against cash-on-receipt; easy conversions of FOREX, etc are some of the USPs.
Personalized Banking Services:
Customization of banking services through requests has made visiting the bank unnecessarily obsolete. Almost all banks have portals for account management, and payment platforms like BHIM and QR scans like PayTM have meant digitization and cashless transactions leading to higher C-SAT ratings.
Skills for a new-age banker:
To become bankable as a new-age banker be prepared to work with new age banking courses on the following attributes. You will need to have a sound academic record and at least a graduation degree. You will need

  • Fluency in English communication.
  • Excellent forecasting, predictive and analytical skills.
  • Analytical thinking and problem-solving abilities.
  • Sound foundations in subject-expertise are very desirable.
  • Strong manipulative skills in Excel VB Macros and such financial software.

The how-to of the interview:
New-age banking has become click dependent! Here are some tips to crack the difficult new-age banking interviews.

  1. Do a course:
    Firstly, consider doing New Age Banking Course at reputed Imarticus Learning. Besides the most comprehensive curriculum, they emphasize resume building, personality development, practical project and assignment work and much more.
  1. Research your information on the job, bank, and role:
    Don’t take the Imarticus new-age banking course with placement for granted. The questions you should focus on will be your academic and family background, any breaks in academics, weaknesses, strengths, why you deserve hiring and such. A lot of information is available on the bank websites and the internet too.
  1. Practice and be well-prepared for the interview:
    Being prepared is half the battle won! Make a list of interviewer questions and focus on what the interviewer wants from you. Here’s a cheat-list questionnaire.

General type:

  • What does banking mean to you?
  • Talk me through your CV.
  • What does the role/ present market condition mean to you?
  • What do you think this bank values can achieve?
  • Why do you want to become a banker?
  • What are your achievements/ weaknesses/ strengths?
  • How do you handle leadership/stress/ failure/ accomplishments?
  • Why do you think you should be hired?

Technical type:

  • Explain what this means to you. Financial models/ valuation methods like DCF/ Weighted capital costs/ deferred tax assets and such topics
  • How can you use bank earnings?
  • Explain how different new-age banking is?
  1. Keep situational case-studies undertaken handy:

Try to link your answers with the case-studies to emphasize your learning and show coherent logical thinking throughout the interview. Polish your presentation and communication skills while practicing.

  1. Dress suitably:

The new-age banker is neatly and respectfully dressed. Your attire also showcases your character, goals, and beliefs and helps make the client ready to trust you.
Conclusion:
The total payouts in new-age banking roles are performance and bonuses oriented and are extremely well-paying in comparison to other jobs. Doing the New Age Banking Course helps you earn a global measurable certification which validates your skills and knowledge and is acceptable as real-life experience of the new-age banking procedures and experience requirements preferred by most employers.
In parting, if you wish to learn all about the new-age Banking Course with Placement career- course, do your course with the reputed Imarticus Learning to emerge right atop of the rushing crowds of banking career aspirants. Hurry! Admissions are limited in every batch. For more information, you can contact us through Live Chat Support.

How Does Private Banking Differ From Retail Banking?

Posted on by Imarticus Learning

Banking is no longer restricted to the traditional aspects, which was recognized within the earlier days. Today, a bank is no longer just a place to put your savings or to go take loans, it has become more of an all-encompassing body. With the advent of investment banking, globalization and the easy cash flow in the economy, the banks received a face-lift and started getting involved in the business spheres.

Today, there are many nationalized as well as private banks, offering a host of services to companies, the government, as well as private individuals. Banking as a sector, branches out into Investment Banking, Private Banking, New Age Banking and many more.

 

Private Banking, in simple word, refers to banking with private individuals. This field offers personalized financial services, to individuals who are also known as High Net Worth Individuals. These are affluent people with a lot of financial assets and thus are looking for conventional and non-conventional ways of investing them. The main purpose of these banks is to provide these individuals, with options that suit their needs of investing their financial assets.

These banks do not just provide investment advice, but go a step ahead and offer all of their services, exclusively to these individuals. These services include managing their portfolios, protecting and growing their assets, future financial planning; basically, they manage the entire financial situation of the individuals. One of the key benefits of private banks is the privacy and the anonymity offered, in terms of the dealings, these also provide tailored financial solutions, which adds to the lure.

Whereas on the other hand, retail banking basically deals with all the day to day activities of a bank. These banks provide all the services that any individual would be in need of like, account services, personal loans, mortgages, certifications of deposits and so on. In retail banking, the focus is more on the individual, than their financial assets. These banks are usually the local branches of larger commercial banks, which the customers use as a one-stop-shop for all of their banking needs.

As time progresses, these banks have begun to expand the purview of the services they offer, now customers are also provided with financial advice, from a board of financial advisors. Apart from this, retail banking has also widened its horizons through the concept of internet finance.

 

With the internet revolution in full swing, a lot of these banks have begun to offer services, exclusively through mobile phones applications and online. These services are very similar to those offered by any traditional bank, but cost comparatively less. While private banks offer specialized services, retail banks have a huge array of services to offer from wealth management, brokerage accounts to financial planning as well as private banking solutions.

While retail banking is a wider sphere, private banking forms a part under these services. Anyone looking to enter these fields is required to have a strong background in finance, economics, and commerce. While there are a lot of institutes, that offer specialization courses in the field of finance. Imarticus Learning is a leading education institute, offering courses in new-age banking, retail banking, wealth management and more.