• EXECUTIVE PROGRAMME IN INVESTMENT BANKING AND CAPITAL MARKETS
  • ADVANCED MANAGEMENT PROGRAM IN FINANCIAL SERVICES AND CAPITAL MARKETS
  • IIM Indore Postgraduate Certificate Programme for Emerging CFOs
  • POSTGRADUATE PROGRAM IN BANKING AND FINANCE
  • PGP in New Age Banking
    Co-created with Imarticus Learning
    4.8 out of 5 by 669 learners
    4x Industry Demand
  • POST GRADUATE DIPLOMA IN MANAGEMENT
    Co-created with BIMTECH
    4.8 out of 6071 learners
    2x industry demand
  • MBA in Investment Banking
    Co-created with Jain University
    4.5 out of 5 by467 learners
    2x industry demand
  • MBA in Fintech
    Co-created with Jain University
    4.4 out of 5 by 349 learners
    2x industry demand
  • MBA (Distance) in Banking and Finance with NGASCE
    Co-created with NMIMS
    4.7 out of 5 by 669 learners
    4x Industry Demand
  • Post Graduate Program in Banking and Credit Underwriting
    4.7 out of 5 by 1376 learners
    12 X industry demand

5 Ways How Technology Is Changing Financial Modelling and Forecasting

For many decades, financial system modeling was based on the same traditional business models with very little innovation and integration. Later, the experts started to realize that when technology is combined with finance, it can make the financial market more efficient and highly accurate. Indeed, this has started to change the world of finance opening doors to versatility and quicker computations.

It has proven to be a revolutionary step for the companies as well. With our CIBOP program offered by Imarticus, you can have the opportunity to learn more about the money market and understand the impact of evolving technology on financial systems. 

  • Increased Efficiency

Technologies such as big data, the cloud, and robotics are contributing to greater agility and efficiency of the financial function, since their application reduces the time dedicated to traditional processes, increasing productivity. It also cuts the time spent on reporting, allowing a greater focus on analysis, decision-making, and risk management, creating value for the organization, as well as representing a change in the company and having an impact on people.

  • Fraud Detection

Since money is involved in financial markets at a global level, this sector is prone to fraud and cyberattacks. Frauds or fraudulent activities can have adverse effects on businesses. Thankfully, with Artificial Narrow Intelligence (ANI), it is now possible to detect data patterns and prevent fraud. Any abnormal behavior in online transactions can be precisely detected by modern Artificial Intelligence and Machine Learning techniques, which can help save loads of money on debugging the problem in other traditional ways instead.  

  • Sound Decision Making 

Modern Artificial Intelligence algorithms can help in modeling risk management scenarios, thus making sure that rational decisions are taken most of the time. Finance requires a very delicate task of sound judgment, which surely cannot be left unnoticed and ignored. Even a single bad decision might result in losing millions of dollars on the money market. But thanks to advancements in Artificial Intelligence and Machine Learning algorithms, proper decision-making is ensured, leaving the system more reliable than ever before. 

  • Blockchain Transaction Enhancement

With the beginning of the era of blockchain technology, advancements in financial modelling have taken a big leap. When coupled with an Artificial Intelligence algorithm, blockchain technology blends more easily in the market, causing huge benefits. While on one hand blockchain technology enhances transparency and builds safe transactions amongst peers, Artificial Intelligence, on the other hand, can further improve system security. 

  • Automation of Tasks

Automation in technology can help to avoid many repetitive and tedious tasks. Many software packages are available which can display loads of information and data with just a click of a button, thus avoiding long waiting hours for results. So instead of spending time creating the tasks, the investment banker or any other financial professional can focus more on evaluating the results and their correct interpretation. 

Conclusion

After having understood the various ways in which technology is changing financial modelling systems, it is clear that big data and finance are going to be synchronous. Be it Artificial Intelligence, decision-making processes, blockchain, or automation of systems, technology plays a crucial role in deciphering information correctly and quickly. But there is some downside involved as well.

Inaccurate or improper use of these technologies can disrupt the system completely. It is necessary to make sure that these technologies are developed and maintained by experts and professionals who can

For Online Course Enquiries
About Imarticus
Imarticus Learning is India’s leading professional education institute that offers training in Financial Services, Data Analytics & Technology. We’ve successfully transformed careers of over 35,000+ individuals globally through our Certification, Prodegree, and Post Graduate programs offered in association with leading and renowned global organisations in the Financial Services, Data Analytics & Technology domain.
Related course
  • Certification
    EXECUTIVE PROGRAMME IN INVESTMENT BANKING AND CAPITAL MARKETS
    Course duration(year)
    1
    Upcoming batches
    1
    Organizations enrolled
    20
    Upcoming Batches
    Date Location Schedule
    Date Location Schedule
  • Advanced Management Program
    ADVANCED MANAGEMENT PROGRAM IN FINANCIAL SERVICES AND CAPITAL MARKETS
    Course duration(hours)
    126
    Upcoming batches
    1
    Organizations enrolled
    20
    Upcoming Batches
    Date Location Schedule
    Date Location Schedule
  • Postgraduate Program
    IIM Indore Postgraduate Certificate Programme for Emerging CFOs
    Course duration(Months)
    12
    Upcoming batches
    1
    Organizations enrolled
    20
    Upcoming Batches
    Date Location Schedule
    Date Location Schedule
  • Postgraduate
    POSTGRADUATE PROGRAM IN BANKING AND FINANCE
    Course duration(months)
    4
    Upcoming batches
    1
    Organizations enrolled
    20
    Upcoming Batches
    Date Location Schedule
    Date Location Schedule
  • Placement Program
    PGP in New Age Banking
    Co-created with Imarticus Learning
    Course duration(Months)
    24
    Upcoming batches
    1
    Organizations enrolled
    20
    4.8 out of 5 by 669 learners
    4x Industry Demand
    Upcoming Batches
    Date Location Schedule
    8th Jan 2022 Live Instructor - Led Training Online
    Date Location Schedule
  • Finance
    POST GRADUATE DIPLOMA IN MANAGEMENT
    Co-created with BIMTECH
    Course duration(Months)
    24
    Upcoming batches
    1
    Organizations enrolled
    20
    4.8 out of 6071 learners
    2x industry demand
    Upcoming Batches
    Date Location Schedule
    3rd August Live Instructor - Led Training Online
    Date Location Schedule
  • Recent Graduates
    MBA in Investment Banking
    Co-created with Jain University
    Course duration(Months)
    24
    Upcoming batches
    1
    Organizations enrolled
    20
    4.5 out of 5 by467 learners
    2x industry demand
    Upcoming Batches
    Date Location Schedule
    31st July ONLINE Online
    Date Location Schedule
  • Recent Graduates
    MBA in Fintech
    Co-created with Jain University
    Course duration(Months)
    24
    Upcoming batches
    1
    Organizations enrolled
    20
    4.4 out of 5 by 349 learners
    2x industry demand
    Upcoming Batches
    Date Location Schedule
    31st July ONLINE Online
    Date Location Schedule
  • Placement Program
    MBA (Distance) in Banking and Finance with NGASCE
    Co-created with NMIMS
    Course duration(Months)
    24
    Upcoming batches
    1
    Organizations enrolled
    20
    4.7 out of 5 by 669 learners
    4x Industry Demand
    Upcoming Batches
    Date Location Schedule
    8th Jan 2022 Live Instructor - Led Training Online
    Date Location Schedule
  • Post Graduate
    Post Graduate Program in Banking and Credit Underwriting
    Course duration(6)
    Upcoming batches
    1
    Organizations enrolled
    20
    4.7 out of 5 by 1376 learners
    12 X industry demand
    Upcoming Batches
    Date Location Schedule
    3rd August MUMBAI Online
    Date Location Schedule