What is FinTech?
Financial technology or Fintech brings together the wisdom of traditional financial knowledge alongside innovation and technology. It is a rapidly emerging field.
A few examples of fintech products and services include mobile banking apps, peer-to-peer lending platforms, robo-advisors for investment management, digital wallets, cryptocurrency exchanges, and insurance comparison websites.
Scope of FinTech
Fintech is gaining popularity at a fast pace. Its scope is quite broad and has applications in a wide range of financial activities, such as banking, investing, insurance, and payment systems.
It has proven useful in a wide range of fields:
Fintech is used by companies to gain insight into consumer behavior, interests, etc. This is what forms the basis of targeted ads that you see daily. By analyzing customer data, fintech companies can identify new opportunities, and improve customer retention.
Risk analysis and management become easier with the use of Fintech. The use of real-time data and analytics helps in making informed decisions.
Fintech proves useful in the case of the development of a new product or making product-related decisions. By analyzing customer needs and market trends, a company can identify new product opportunities and refine existing offerings.
Fintech uses NLP (Natural Language Processing) to get insights from scattered data such as customer feedback, social media posts, and news articles. It is used in chatbots, sentiment analysis, etc.
Fintech uses recommendation engines to provide customized product/service recommendations to customers. By analyzing consumer behavior and transaction history, fintech companies can suggest products and services that are relevant to each customer's needs and preferences.
What are some of the best Fintech Certification Courses?
In the world of finance, there are many financial technology courses. Fintech is a broad term that can be used to describe any kind of financial technology, including fintech courses.
There are many types of Fintech courses that you can take in India. You should consider your career goals and what type of job you want to do before deciding which course to take as it will help determine if this particular field interests you.
We have compiled a list of the 5 best courses available in India, that one can opt for.
IIM CALCUTTA ADVANCED PROGRAMMING IN FINTECH AND FINANCIAL BLOCKCHAIN
IIM Calcutta in partnership with TalentSprint offers a 6-month Advanced Programme in FinTech and Financial Blockchain (APFFB). The program is tailored to cater to those already in the following sectors; Banking, Consulting, Financial Services, Insurance, Management, and Technology, and are enthusiastic when it comes to FinTech initiatives.
BITS PILANI POSTGRADUATE DIPLOMA IN FINTECH
BITS Pilani offers a two-semester Post Graduate Diploma in FinTech. It is designed to facilitate working professionals accelerate their careers in high-demand, high-growth areas of FinTech. It is a Work Integrated Learning Programme, i.e, it focuses on bringing together academic learning of the said field, alongside the practice of work.
The program helps in building specialized skills in the areas such as Blockchain, InsurTech, Machine Learning & Deep Learning for Finance, Quantitative Methods, and Financial Analytics.
SP JAIN GLOBAL MANAGEMENT PROFESSIONAL CERTIFICATION IN FINTECH
SP Jain School of Global Management, in collaboration with, Imarticus Learning has developed this Fintech certification course. The duration of the course is; 3 months- CORE, 4 months- PRO.
The course educates one about FinTech by providing training from the industry experts themselves. It also involves the learners in real-world case studies, projects involving emerging technologies, as well as valuable interactions with industry leaders and entrepreneurs in Fintech.
IIM INDORE CERTIFICATE PROGRAM IN FINTECH AND FINANCIAL BLOCKCHAIN
The program is 8 months long and aims to shape the learner’s ability to understand, apply, analyze, and create FinTech products and services.
It is designed to introduce the learner to the basics of financial technologies and real-world applications, using case studies, assignments, and project work
POST GRADUATE CERTIFICATE PROGRAMME IN FINANCIAL TECHNOLOGIES (FINTECH) at IIM NAGPUR
The Financial Technologies (FinTech) program at IIM Nagpur, is a 1-year long course. It