The Advantages of Learning FintechApril 16, 2018
In any market, when a certain industrial product or service is launched, there are a variety of reasons why it may work or may not work for the industry. This holds especially true in terms of any of the new technologies entering the market. The growth of such technological industries determines the influx of new players, some of whom may come in with a silver spoon in their mouths, basically turning everything they touch into gold, great turnovers, fabulous mergers and acquisitions and so on. At the same time, there are also a number of failures and flounders in the industry.
Also Read: Introduction to Fintech
The fintech industry is not a very new one and has been through its fair share of ups and downs. In spite of a little while of a slump in the middle, there are many ways in which the fintech industry has strived and turned its trade positive in order to come to be thriving in the present times. One of the main reason why this industry has seen more ups is that it catered not just to the big guns but also to the small business owners which included all the disadvantaged sections of the society, women, minorities and immigrants.
This industry is going to grow on and be stronger, which is why there are many experts who believe it is advantageous to get certified and get into this industry.
Here are a few reasons why we believe there are great advantages in learning Fintech;
- Financial technology has been criticised in the sense that it would not see a large number of growth and developments in the future. But the majority thinks otherwise. The reason that fintech is actually going to be there in the industry for a much longer time is the very fact that banks are getting digitalized and they are doing so at an alarmingly fast rate. The industry is no longer at the innovator stage and is more at an adoption stage. Thus getting certified to work in this industry will prove extremely advantageous.
- Fintech companies or those organizations that are involved in this industry don’t really have the rules of capitalism apply to them. This is mainly because of the fact that, in capitalism, there is the chance of companies getting explosive dividends and later on also going bust. But in case of fintech whenever a void is created, there would be a number of alternative lenders to jump in to fill it up. This is the reason why the field of fintech which does not follow a ‘growth at all costs’ mentality will definitely flourish both in terms of growth and job opportunities.
- The world is getting digitalized on a massive scale and today no one really has any time for actually getting their transactions done from slower, larger financial corporations anymore. Technology has touched every single sphere of life including the sphere of banking. This is why learning the various nuances of fintech would be most definitely an advantage for candidates entering into this new world of technology.
The above reasons are why learning fintech is a great option for candidates looking to get into the industry today.
Related Article: What are the career opportunities in the Fintech sector in India?