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Tag: retail banking courses

Analytics For Retail Banking Courses Training: An Ambitious Strategy On The Course?

Posted on by Imarticus Learning

Analytics For Retail Banking Courses Training: An Ambitious Strategy On The Course?

Obtaining a certification in Basic Financial Accounting is the most effective strategy to advance your career.

Accounting Concept, Accounting Information System (AIS), Accounting Principles and Assumptions, Accounting Cycle, and Analytics for Retail Banking are all covered in this course. 

This program will teach you about the scope of analytics applications in a retail bank and the underlying procedures. You’ll also learn about the numerous analytics-related tasks. Develop a solid analytics framework base. Learn about the most acceptable practices in analytics and the most recent trends in the field.

What are retail Banking Courses?

This course includes Product Development Process, Credit Scoring, Retail Asset Products, Credit and Debit Cards, Marketing and Delivery Channels in Retail Banking, CRM, and Technology. 

Retail Banker teaches the spectrum of worldwide best practices in ethical, customer-centric retail banking, from its fundamental multidisciplinary abilities to the advanced business knowledge and growing skills required of management and leadership to transform retail banking.

Why should you learn Analytics for Retail Banks?

Analytics professionals are in high demand, particularly at retail banks. This course may help with the following goals:

  • For professionals looking to advance their careers in analytics in retail banking
  • For senior executives at retail banks who want to advance their careers by moving into analytics
  • For business leaders and executives to better grasp the uses of analytics.

What will you learn if you pursue this certification?

Determine the appropriate course of action by adhering to ethical best practices that result in long-term customer relationships. Drive client-centric outcomes by having a thorough awareness of the whole customer experience.

Develop lucrative client connections by knowing the financial demands of the bank’s customers at various phases of their lives. Support the retail banking business transformation by developing critical and practical multidisciplinary capabilities.

Manage the convergence of roles in conventional functions and create high-performing, cross-functional, agile teams to support a customer-centric culture and a profitable retail banking business. Develop the skills needed to lead retail banking strategic business units (SBUs) during times of rapid change.

Discover a retail banking career with Imarticus Learning

This 300+ hour retail banking online training will provide you with the domain and soft skills necessary for a successful career in Retail Banking, NBFCs, and FinTech. This is an ensured placement program where you are responsible for upskilling, completing the course, and earning their certification while we match you with industry possibilities.

Course Benefits For Learners:

  • Our students get placed in entry-level jobs in top banks, NBFCs, FinTech firms, KPOs, and other organizations, with over 8000 learners placed with a 60% pay increase.
  • Learn about retail banking sales and operations tasks such as retail liability and retail asset products, NRI banking products, developments in banking branch operations, and investment products such as mutual funds, insurance, stocks, and fixed income securities.
  • Students will receive a professional certificate in banking and finance, which will add significant value to their resume and assist their career progress on the correct path.

Contact us through chat support, or drive to our training centers in Mumbai, Thane, Pune, Chennai, Bengaluru, Delhi, and Gurgaon. 

The Digital Future Of Retail Banking Courses

Posted on by Imarticus Learning

The Digital Future Of Retail Banking Courses

Many industries, including banking and finance, are being impacted by technology. Digitalization and new disruptive technologies are already affecting and transforming all types of consumer and supplier interactions. They are currently influencing business culture by producing, sharing, and leveraging information to help find and develop added value.

In operations, business models, and performance management, structures are essential. Finance is becoming increasingly digital, and the financial services industry recognizes the need for a comprehensive digital transformation.

As the only way to survive in the long run, technological competencies are critical for a successful future in an industry that is constantly changing. The days of managing real money and bonds are long gone since digital is at its core. Using digital technology to master the development and production of novel financial goods and services is crucial.

An overview of retail banking courses

Rather than huge organizations or corporations, individuals get served through retail banking, often known as personal banking or consumer banking. A job in retail banking is one of the most stable and secure in the Banking, Finance, and Insurance industry. Candidates who want to be a banker but don’t know where to begin might benefit from the retail banking course, which provides the required skills to start a profession in no time. 

Several Advantages of enrolling in a retail banking course 

The most significant benefit is receiving a professional qualification from a reputable university. You also have the opportunity to train with them, which allows you to begin a secure and early job and become financially independent.

Second, the various courses provide you with a significant income. A time span of about six months is excellent.

Third, taking a banking course allows you to take on the responsibility of managing your funds at an early age.

Fourth, it is no longer limited to classroom instruction but is now the most effective learning method. With on-the-job training, recent graduates get a taste of office life. Your general foundation gets formed from your genetics and your environment.

Fifth, you may choose banking principles, communications, economic strategy, sales and operations, accounting, financial planning, wealth management, compliance planning, digital delivery channels, etc. All of them equip you with a solid foundation.

Though the banking and financial markets are the focus of the investigation, you will be focusing on building a solid and long-term career path for yourself by taking a banking course. 

Discover a retail banking career with Imarticus Learning

This 300+ hour retail banking online training course will provide you with the domain and soft skills necessary for a successful career in Retail Banking, NBFCs, and FinTech. This is an ensured placement program in which you are responsible for upskilling, completing the course, and earning your certification while we match you with industry possibilities.

Course Benefits For Learners:

  • Our students get placed in entry-level jobs in top banks, NBFCs, FinTech firms, KPOs, and other organizations, with over 8000 learners placed with a 60% pay increase.
  • Learn about retail banking sales and operations tasks such as retail liability and retail asset products, NRI banking products, developments in banking branch operations, and investment products such as mutual funds, insurance, stocks, and fixed income securities.
  • Students will receive a professional certificate in banking and finance, which will add significant value to their resume and assist their career progress.

Contact us through chat support, or drive to our training centers in Mumbai, Thane, Pune, Chennai, Bengaluru, Delhi, and Gurgaon. 

Impact of Retail Banking on Indian Economy & its Benefits to Banks in 2021

Posted on by Imarticus Learning

Retail banking is a financial institution’s direct interaction with consumers. Typical services: savings and transaction accounts; mortgages; personal loans; debit and credit cards, among others. Working mechanism: The Law of Large Numbers Aids in determining the success of multi-level marketing operations due to its wide appeal among customers. Distribution – branch, channels Branding Customer service

The phrase is most often used to distinguish consumer-facing financial services from investment banking, commercial banking, and wholesale banking. It may also be used to refer to a bank’s section that handles personal customers.

The Impact of Retail Banking In Indian Economy

In India, retail banking has long been a reality. It has always been present in India in one form or another. For many lenders, the most recent years have seen it become synonymous with traditional banking. Housing loans, durable goods consumption loans, automobile loans, credit cards, and educational loans are among the typical services offered by Indian retail banks.

To promote their products, different banks offer attractive brand names to distinguish the goods provided by various lenders. According to the Report on Trend and Progress of India, 2003-04, loan values of these retail lending are typically below Rs.20,000 to Rs.100. The loans are generally for five to seven years with housing loans available for a longer term.

In the realm of e-commerce, credit cards are also a fast-growing subsector. With retail portfolio accounting for 21.5% of total outstanding loans as of March 2004, retail lending has become a key profit source for banks. The overall loan impairment ratio was lower than the gross NPA ratio for the entire loan portfolio in recent years.

Investment Banking Course

Benefits of Retail Banking for Banks

Banks have access to benefits in retail banking that fintechs do not, namely the ability to cross-sell products and services based on existing customer lending behavior and demographics.

“Retail banks rely primarily on cross-selling products to their customers for growth; while third party providers must acquire a new clientele through marketing.”

This is particularly true if we consider that one of the main advantages of using financial technology solutions is their cost reduction compared with traditional banking fees. And yet, many of these solutions will always want to act as an intermediary between a bank and its clients (and their data). It’s no wonder why today’s top ten tech companies are also investing in developing innovative financial services.

Start Your Career in Retail Banking

Join Imarticus’ hosted PGP program in New Age Banking in association with JAIN University.

Enroll in the retail banking course and earn a diploma in banking and finance.  Be industry prepared and secure your career with Imarticus learning today!

The Future Is Bright For Banking Implementation Of PSD2 and GDPR

Posted on by Imarticus Learning

 
GDPR and PSD2 are all set to transform the banking industry by empowering the customer with multi-dimensional power over their personal data in 2018. The future of banks and their success is to reply to the regulatory and technological disruptions through a strategy aimed at value-added relationships with fintech enterprises, e-commerce platforms, and companies like Amazon, Google, Facebook and more. This will ensure they still get multivariate data for their systems to carry out their functions while they offer their clientele a more holistic improved experience.
Changes in the banking industry:
The regulations will see the launching of the competitive forces of AISP (Account Information Service Provider) and PISP (Payment Initiation Service Providers). The PISP merchants will facilitate customers who choose third-party providers like GooglePay or Facebook for their transactions who will get access to customers’ bank accounts. The AISP like Mint in the US aims to provide clients with more than one bank account an integrated view and improve the user experience.
When slowly adopted banks will get the time to ramp up their infrastructure solutions while still using their legacy systems with a product and service-oriented Retail Banking course. However, slow adoption rates by customers and this being a field requiring a good customer experience coupled with the latest expertise and skills banks may not be able to harness the true potential of the opportunity unlike the fintech or e-commerce large platforms.
With Fast Adoption tech companies like Facebook, Amazon, Google and more can get access and provide for substantial sustainability in customer experience and the technological solutions driving it. Banks should then wisely collaborate with their efforts to stay in the business.

The opportunities for banks: 

Banks to stay competitive and ahead of the game, need a thorough assessment of their current operational models, and need to embrace technology through a retail banking course of products while building their skills particularly for customer journeys that is king at the moment. While the process of implementing GDRP and PSD2 may appear daunting with bank’s legacy systems and lack of skilled personnel, the institutions should see this as an opportunity to improve their user-experiences and foster customer loyalty by permitting customer financial data and its use to be the field of customer choice whether in AISP or PISP choices.

Revamping the UX:

Customer journey rules the roost currently and providers need to provide quality services with state-of-the-art technologies to retain their customer base. To stay relevant and competitive the survival of most banks who have large volumes of customer data with them is in using technological advances in RegTech and increase their customer journey experiences to be on par with the competition. It currently appears that banks faced with legacy infrastructure and zero expertise in being part of the customer experience, only have the limited option of being collaborative with the leading providers like Amazon, Google, Paypal, Facebook, eCommerce and fintech companies.
To grow their customer base and stay technologically relevant banks will need to offer value-adds like a retail banking course of:

  • Anywhere, anytime purchases using debit or credit cards needs to be accessible from any device mobile, watches, cars, etc and not through cards.
  • Revamp their databases to give like the ASIP provides a 360-degree view of the customer’s account and profile to be able to procure services from the banks or providers.

Using data-driven insights:

Rather than use data obtained from customers’ interactions internally to offer improved services, banks should tie-up with third party providers and tech giants like Facebook, Google, Amazon, etc whose tech leveraging of customer journey analysis and user behavior benefits banks access to top-edge data analytics technologies. This move should help extract valuable customer journey insights targeted to offer customized and product targeted services to their customers.

Transform real-time customer journey data:

The Regtech implementation of PSD2 and GDPR has meant that banks battling for survival and competitiveness need to enhance their customers journey to a premium-quality user experience, build and manage consents and rejections, transform their real-time customer journey data into experiences, and embrace optimal data- governance while proofing legacy applications and systems to be compliant with the regulations to avoid penalties.

Conclusion:

The regulatory changes are set to take off and client journeys are set to cross organizational boundaries. The exercise leads to several changes in technology and requires the banking industry to build skills and competencies around it.
The demand for data professionals is high and skill dependant. Do you want to make a career in the field of data science applied to the finance sector? Then, do your retail banking course at the Imarticus Learning Academy where you inculcate the essential skills and also get assured placements.
For more details in brief and for 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, Banglore, Hyderabad, Delhi, Gurgaon, and Ahmedabad.

What Are The Sources To Learn Corporate Banking?

Posted on by Imarticus Learning

 

The scope of a job in Corporate Banking depends and varies depending on the following factors. These factors are:

The bank that employs you:

All banks do not offer the same bouquet of services. Some focus on smaller firms and the middle-market segment requiring a variety of skills specific to the field of work. Your knowledge base and skills required may be different when you work with the larger banks.

Further, some banks may offer certain specialized services like infrastructure finance or asset-backed lending and so on. You will soon discover that no matter where you learn corporate banking you practice on the job and what you study depends also on whom you work for. Chase Bank and Citi Group of banks have the best corporate banking divisions.

In which country you are employed:

Banks have to be licensed to operate in a country and provide key services. Often the particular country may not have the required infrastructure or availability of local talent to fill specific job roles and key areas. As an example consider that in Western Europe one needs to incorporate a legal entity in Germany alone to offer cash management services. After Brexit happens the UK will need a similar procedure. This restricts the bank’s offerings and their payouts also need to be on par with the areas average payouts.

The area of operation in the bank:

Banks offer a variety of roles in corporate banking. You could be from the technical/ administrative support areas, a relationship manager, or the treasury products sales associate, or a specialist in account opening. The area of operation and job roles varies and so also do the payouts, skills or learning required. Blockchains are the buzz word and a lot of hiring is around this technology. Anti-laundering, risk-management, compliance, and regtech are also very happening areas requiring skills depending on the job role and operational area of the bank.

Since you will have to suit your job, one of the best routes to learn corporate banking is to do a course at reputed institutes like the Imarticus Learning Academy. The banking courses are not all that different. What sets Imarticus apart, is that they offer specialization courses to both career seekers and career changers suited to their interest areas and equipped with certifications to advance your career.

Corporate Vs Investment banking:

The corporate banks are IBs who are also lenders of capital at various scales and from different branches under the same umbrella. They could be direct investors and most often act as intermediaries helping to raise investment capital. Some examples are of companies raising funds are in the issuances of bonds, IPO’s and OIUs. Different branches like retail banking, corporate finance, wealth management, etc are involved in offering funds to corporate firms, syndicated financial institutions and the governments for infrastructure projects.

IB also deals with HNI individuals, syndicated funds, etc to SMEs and retail products like credit/debit cards, bank accounts for individual investors. IB often plays the role of an intermediary in the acquisitions and merger deals. They advise on equity markets, mutual fund investments, and play a consultant to borrowers in their financial and borrowing journeys. Their profits are in the interest rates, charged fees, consultancy retainers and such. Banks may also have in-house trading facilities.

The key differences:

The main difference between corporate banking and investment banking is in whom they lend to. The banks offer loans at interest. Banks can be the intermediaries of the venture capital deals and the M and A deals. They also target different kinds of customers. The banks are relatively risk-averse and have investors and borrowers from whom they earn fees or interest for their involvement. IBs work with financial institutions and firms who also have access to global markets, and capitals markets abroad. Corporate bankers specifically work with institutions, corporate firms, churches; foundations, etc helping them invest their funds and offering them loans.

If you are interested to learn corporate banking the courses at Imarticus Learning are highly recommended. The banking jobs are prestigious, pay well and are constantly facing a demand for well-trained professionals.

IB career-scope and payouts:

In terms of career prospects, salaries, job roles, and working conditions there is a lot of overlap between various divisions in the investment banking sectors. However, corporate banking has a slight lead in job prospects. According to Payscale reports, in early 2004, the average IB salary was USD 315,000. Ten years later the figures for the IB salary was USD 288,000. Investopedia claims the average 2015 banker’s salary was between USD 75,000 to 85,000.

Conclusions:

Corporate bankers are important as they are client-facing jack-of-all-trades bankers with a wide knowledge and skills base. You can learn corporate banking at Imarticus Learning where careers are born and honed. Start today!

For more details and for 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, Banglore, Hyderabad, Delhi, Gurgaon, and Ahmedabad.