CFOnext

Why fintech

What is FinTech?

Definition: Financial technology, abbreviated as FinTech, combines traditional financial methods with innovative technologies. Its primary goal is to implement new technological advancements within the financial system. Companies utilize FT to enhance their financial operations. Examples of FinTech technology include cryptocurrencies, mobile banking, and online payments.

What are the fintech courses

Financial Technology is an emerging field that aims to improve financial performance through technology. It enhances financial services by providing technical solutions. The term encompasses everything from digital assistants to online payment systems. Since the digital revolution, the field has experienced exponential growth, including both startups and established institutions.

Financial Technology is applied in various areas such as automated insurance, trading, finance, operational risk management, and banking services. Electronic trading platforms and robo-advisors have simplified financial transactions. Additionally, FinTech enables business owners, companies, and consumers to enhance their financial performance using software on their smartphones. It covers a wide range of sectors including banking, education, fundraising, and investment operations.

Why to study a Fintech course?

The industry has seen significant growth during the COVID-19 pandemic, with a 61% increase in companies contributing to job creation in the sector. This new and emerging field expects a threefold increase in the future, with projections indicating a market value of USD 150-160 billion by 2025.Despite major corporations reporting losses in 2020, the FinTech industry has continued to thrive. In India alone, over 50 FinTech companies have reached a valuation of $100 million or more. Top international institutions such as MIT (Massachusetts Institute of Technology), Stanford, Harvard, and NYU (New York University) offer certifications, diplomas, postgraduate courses, and MBAs in FinTech. Graduates can pursue diverse roles in industries such as online payments, banking, lending, and investment.

Who should pursue FinTech courses?

Individuals with an interest in finance and technology should consider studying FT. They must be creative and innovative while being able to adapt to changes in this dynamic industry. FT is an excellent choice for those ready to face challenges and make significant contributions to companies.

Candidates with a background in mathematics and computer skills are preferred for this degree. Additionally, knowledge of programming and planning is essential for those pursuing a Financial Technology degree.

Skills required to pursue FinTech courses

 

Problem-solving skills Coding and programming skills
Soft skills An interest in numbers
Analytical skills Communication skills
Team working skills Finance knowledge
In-depth knowledge of blockchain Knowledge about cybersecurity

FinTech Courses: Functions and Scope

The industry has experienced remarkable growth during the COVID-19 pandemic. A 25% growth rate is expected for the sector by 2022. The industry is projected to triple in value by 2025.

India currently has over 2,000 FinTech companies, with job creation growing exponentially within this sector. Leading Indian companies in FinTech include Paytm, Lendingkart, MoneyTap, Policybazaar, Mobikwik, and CRED.

Job profiles:

After completing Financial Technology courses, graduates can explore numerous job opportunities across various industries. The pandemic has accelerated growth in the sector and increased job prospects significantly. Here are some top job roles available after completing a FT course:

Job Profile Job Description Average salary
Blockchain Experts & Developers Software developers specializing in blockchain technology; this field is rapidly growing due to cryptocurrencies like Bitcoin. INR 6, 17, 667 per year
App Developer Responsible for improving software performance through application development; demand for online payment apps drives this role.  4,55,296 per year
Financial analyst Analyzes revenue and manages budgets; helps organizations diversify operations with strategic insights.  5,00,000 per year
Data scientists Transforms raw data into valuable insights necessary for organizational growth; designs required software using big data analytics.  10,12,499 per year
Product manager Manages the entire product development cycle; coordinates interactions with various stakeholders involved in product development.  16,69,290 per annum
Cybersecurity experts Ensures security at all stages of software development; identifies vulnerabilities within software systems.  11,25,601 per year
Compliance experts Ensures that organizations adhere to regulations; applies extensive knowledge of compliance standards across operations.  10,49,973 per year
Risk control managers Manages organizational risks; assesses potential threats while developing strategies to mitigate them. 12,65,282 per year
Business Development Manager Develops strategies focusing on customer satisfaction and financial gain; conducts long-term research on market needs. 6,12,500 per year
Data Specialist
Converts information from hardcopy to digital formats; ensures data integrity throughout the conversion process.
4,41,327 per annum

Request More information


    cfo next

    Leave a Comment

    Your email address will not be published. Required fields are marked *

    Scroll to Top
    Open chat
    Hello
    Can we help you?