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Tag: PGP in New Age Banking with NMIMS

Unlocking the value of the invisible economy through new-age PGDM in banking and finance

Posted on by Imarticus Learning

Due to increasing globalization and digitization, the banking and finance landscape has significantly changed. Traditional banks have come a long way and have started offering fintech services. Gone are the days when banks were only supposed to lend and deposit money. At present, banks are involved in many other activities like microfinancing, risk management, and many others.

It is why young aspirants are searching for the best online MBA courses that could teach them new-age banking and finance. Read on to know how our PGDM in banking and finance can help you unlock the value of the invisible economy. 

PGDM in banking & finance 

We, at Imarticus Learning, offer a PGNAB program which is a dual program for finance/banking enthusiasts. You will get an 11-month PGP program powered by Imarticus Learning. You can also go for the NMIMS distance MBA which, is a two-year online program.

Both of these programs can run parallel in the PGNAB program. The dual program is designed with an industry-oriented curriculum that makes you job-ready. You can earn dual certifications from recognized sources at the end of the PGNAB program. Let us see how this program covers concepts related to new-age banking and finance.

Take a deep dive into fintech

Gone are the ways when people depended on physical banks for doing a simple bank transfer. At present, financial transactions can be done within seconds with fintech services. Banking and finance aspirants should know about fintech as it is going to be the future. Fintech has already disrupted traditional ways of making payments. Traditional banks have also started adopting fintech practices to retain their market share.

During the first 11 months, the PGP program and the NMIMS distance MBA program will run simultaneously. During the first 11 months, you will learn more about fintech in the PGP program. Around 1.8 months will be dedicated to fintech to make you future-ready. Both conceptual and practical lessons will be included in the PGP program to help students learn faster.

Learn risk management & compliance

The best way of unlocking the value of the invisible economy is by eliminating risks. There are several risks associated with banks like credit risk, money laundering risk, cybersecurity risk, etc. The PGP program will help you know more about risks in the banking and finance industry.

You can learn to forecast risks and eliminate them proactively. The PGP course will also help you in learning about the compliance requirements in the banking and finance industry. We focus on providing banking and finance courses that could help enthusiasts in learning industry practices.

Learn different types of banking

The MBA course is one of the best online MBA courses in India as it covers each aspect of banking. It covers different types of banking, so you possess a wide range of skills. Some of the banking types covered by the MBA online course are international banking, retail banking, commercial banking, and corporate finance. You can get into the banking/finance industry easily when you have such diverse skills.

Get job assurance with the PGP program

With our expert faculty, we focus on teaching job-relevant skills that could get you placed in the banking/finance industry. We will offer placement assistance towards the end of the PGP program. With industry-related projects and practical teaching, you will have what it takes to work in the banking/finance sector.

The dual program is perfect for working professionals in the banking or finance industry. The dual program guarantees a 25% hike in salary after completing the program as you will possess in-demand skills. Choose the best banking and finance courses with Imarticus now!

Best Practices For Personal Financial Management At Different Stages In Your Career!

Posted on by Imarticus Learning

Managing finances is something no person would ever be able to avoid. Technically, you may think that money management is for late adulthood. However, it is essential to instill good money management habits from the get-go.

An important thing about financial management is that its importance scales up as you age. This means that the ways in which you were to save up on your spending would differ drastically if you are in your early twenties or in your late sixties. Managing your personal finances becomes crucial and a Finance Career can help develop this managerial skill.

A New Age Banking Course provides all the education on self-financing. That’s why we have carefully curated these best financial practices for every stage in your career.

Money Management in your career:

Early-stage in your career:

The early stage in your career helps you lay the foundation of your life. It is seen that money management usually takes the back seat in this stage as people are driven by their wants. A good financial management practice would instigate you being driven by your needs instead of your wants.

New Age Banking CourseInstilling the habit of saving up funds for emergencies or for the future while curbing on your ‘wants’ has proven to be a tried and tested strategy for financial management. If you are deciding on buying something expensive, try to think if you would use that product even 3-5 years from that time to check if it is a necessity or a luxury.

Reaching the happy middle point:

You typically would be in your late thirties when you would reach the midpoint in your career, and chances are you would be making a lot more money than when you had just started earning. However, your liabilities would also most certainly grow. You probably would be married and would have children to look after, marking the end of your carefree days. In such times finding yourself in financial peril is not uncommon.

We believe with rigorous routines and disciplined spending, you would be able to avoid all the hardships that life would throw at you. You should maybe expand your savings to cover a good chunk of time in case anything happens with your source of income. You should also try to have no mortgages, loans, etc., by the end of your forties. Along with your income from job, you should have a side investment pool like passive incomes that can help you sustain.

Also, starting a retirement fund would be a great decision at this stage.

Late career:

Typically, you would be in your fifties and considering your future options during the late-career stage, you could choose early retirement, or you could work even after retirement. You would probably be undecided at this stage. However, one certainty should be that you should have a surplus amount saved by now.

You should also have life insurance and other things in place to help your future generations as much as possible. At this point, one should also strive for financial independence. Even when you retire, you should have enough funds to see you comfortably to the end.

Conclusion:

Life is very uncertain. There will be some really amazing days and some not so good ones. While it is important to have fun, it is equally important to have monetary discipline. Ask someone with a Finance Career for help or check out a New Age Banking Course for personal financial development.

How new-age banking solution geared with AI can help make wise investment decisions

Posted on by Imarticus Learning

Due to the chaos propelled by COVID-19, banks are now required to undertake continuous reinvention of their economic models and solutions with the help of flexible and adaptive technologies, which will not only make them immune to adverse situations but will also increase their profits.

Banks are creating new technology frameworks to distinguish themselves, which include elements such as hybrid multi-cloud, microservices, API platforms, blockchain, intelligent automation, and AI. When coupled with an agile approach to design thinking and organizational integration, these technologies will have a bigger influence.

With better risk reduction and more efficient compliance operations, these new architectures are becoming more secure and compliant. A post-graduate diploma in banking and finance or a certificate course in banking and finance will teach you all these technologies and help you secure a good job in the banking industry.

Banking institutions have always been infamous for amassing massive amounts of user data but failing to spend it wisely. Years have passed since the tech transformation stormed through the banking industry, and these institutions now deal with massive amounts of information that are just ready to be mined.

However, aside from certain fundamental digital capabilities, these solutions do not produce enough, especially from a cognitive standpoint. But a financial revolution is about to take place!

Artificial intelligence is at the forefront of this digital transformation quest as a springboard, providing a facelift for these traditional banking systems through scalability, automation, the convenience of use, risk assessment, and decision-making aid, which can direct to a banking experience customized to every individual’s needs.

Organizations have become increasingly customer-centric as a result of data-driven tactics that leverage the customer experience as a competitive difference. By leveraging a data ecosystem enriched with structured, unstructured, alternate, and internal data, advanced cognitive technologies, and AI will aid in the evolution of the customer experience, providing more unified and personal digital journeys.

Chatbots, cognitive routing, and smart search are examples of AI-powered systems that will enhance customer satisfaction and involvement.

How are new innovations helping people make wiser financial decisions? 

Financial institutions are working on providing exceptional customer service through hyper-personalization, which is based on intuitive, self-learning software that enables offers to be updated and added in response to consumer requests. This type of technology adds additional value and creates an altogether new customer experience.

Customer engagement may be improved by employing AI to better understand the customer and take advantage of real-time decision-making and predictive analysis.  Product suggestion algorithms, for example, have proven to be effective in providing a personalized experience while increasing revenue.

Product recommendation engines are a type of artificial intelligence (AI) technology that provides recommendations for each user based on a variety of characteristics such as historical behavior, in-session activity, product economics, and the behaviors and preferences of similar users.

Many banks use advanced investment algorithms to improve portfolio management. Banks are targeting deployment in fraud detection and back-office services in their future business plans because digital transformation is an end-to-end process.

An AI prediction system can provide an instant evaluation of a user’s credit risk, allowing customer service agents to provide a suitable offer. This approach improves the efficiency of offers by speeding up the total credit risk evaluation process.

Conclusion:

PG diploma in banking and financeThe banking industry is one of such industries that we will always depend on. We need money and banking as long as we live. The whole banking industry has undergone a huge revolution with the introduction of new technologies.

A post-graduate diploma in banking and finance or a certificate course in banking and finance can help you go a long way in the banking industry. You just need to pick the right course and you’ll be good to go.