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Decode the buzzword: FINTECH

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What is Fintech?

The word that creates a buzz among people from different walks of life is FINTECH. This is a Nascent industry that is going up exponentially with the deeply rooted importance of finance and banking and the newly emerging imperative of advancement in technology.

When these two worlds merge they come to be known as FINTECH.

Fintech aims to provide access to the financial services with the help of technology which eases up the task of both the service providers and the service consumers.

We have been realising its significance for quite a long time but this pandemic has made us realize its significance like never before. When the whole world is on a halt, Fintech is paving its route by battling the challenges in every aspect. The Fintech industry has ensured that it remains unaffected from the pandemic restrictions so that it can  ease up the ecosystem of finance and banking via technology which eventually makes the life of people conducive and comfortable enough even in the time of Crisis.

All you need to know about  FINTECH :

Long before we could realise the presence of fintech, we already became a part of it.  People are using Mobile money payment, Digital loans, Crowdfunding etc, in their day to day life without acknowledging that all these are subject to Fintech.

Earlier banks were the Centripetal point of financial related innovations and services but with the increased use of computers and internet, online banking came into use and fostered E – commerce. However, the financial crisis of 2008 turned out to be a blessing in disguise as it put heavy regulations on the banks. Subsequently, many new start-ups germinated to unleash the various aspects of banking and finance and innovate them via the internet, Mobile Tech & Digital data, to offer a better experience to the customers, solve the issues related to access to financial services and bridge the gap between people and financial services. The sole motive of Fintech is to give opportunity to all people to save and to borrow without going through the arduous processes of the traditional banks.

Currently, there are many Fintech organisations that are working in the same direction of innovating financial services. Nevertheless, Ant financial services of China, which is a subordinate of Alibaba is the largest among all.

How Fintech has revolutionized the financial sector?

The growth of Fintech is overtaking the traditional methods of banking and finance because of some major reasons like

  • User- friendly methods,
  • Efficacy,
  • Less time & energy consuming,
  • Transparency,
  • Low- cost services,
  • Ceases the fear of bureaucratic control and most importantly due to its
  • Universal approach.

A bunch of studies have shown how Fintech has helped people to come out of their abject poverty trap.

A case study of Kenya represents how the use of an app named (M- Pesa) launched in 2007 for online deposits and payments, assisted 2% of people in 2000 households to tackle their day to day transactions efficiently. It is estimated that nearly 7 billion people are without bank accounts, and Fintech acts as a one- stop solution to all their financial related issues as it provides all the financial services in just one click. Fintech has led to a revolution in the loan market too as traditional methods are exploitative in nature but the use of apps and websites help you to compare a wide range of prices within the comfort of four walls of your home. Investment in the Fintech sector is looking up in the blink of an eye. It is also known for its relaxed work ethic as compared to the traditional methods. The only concern in this sector is Cyber attack as it jeopardizes the future of Fintech but at the same time it also escalates the employability in the Cyber security sector.

Analysing the significance of Fintech technology in today’s world, it is clear that it is definitely a flourishing industry in the forthcoming years. Henceforth, pursuing a degree course in Fintech is truly beneficial. To fulfil a better career, investing in a BBA Fintech course will be a wise decision.

What is BBA Fintech?

BBA fintech is a course that aims to teach you from fundamentals to the most advanced applications of both banking/ finance and how technology makes it feasible from any corner of the world. It gives us an insight into the Fintech industry and its augmentation in the new age of advancement and ease. The course envisages to give a holistic understanding of finance and banking, its complexities, nuances and subtleties to reach to the technological relevant solutions through different applications like RPA, Blockchain, Machine learning, Bigdata, API, Cloudcomputer etc. It would help you to identify and analyse the business problems and reach out to a solution with the ability of critical thinking. It will develop an ability to adapt and seek growing technologies in the finance landscape. It enhances your knowledge in different functional areas of management. Assists to find out the necessity and adapt to the comprehension of current issues, and undertake a lifetime learning.

It’s a 3 year degree course based on pragmatic and advanced learning. The syllabus of BBA Fintech enables a holistic understanding of techniques & methods required to flourish in the world of financial technology. The learning will not be merely confined to classrooms and computers but will also open doors for first hand industrial experiences, case studies, experts’ guidance to make you job ready. The basic eligibility criteria to go for a BBA fintech course in any of the best BBA colleges is 50% in the 12th grade.

Here is the list of Best BBA colleges:

  • CHRIST Deemed University in Banglaore, karnataka
  • Shaheed Sukhdev College of Business Studies, University of Delhi, New Delhi, India
  • Amity University Noida, UP
  • NMIMS Private University in Mumbai, Maharashtra
  • Mount Carmel College in Bangalore, Karnataka
  • Chitkara University, Punjab ,India
  • Guru Gobind Singh Indraprastha University in Delhi, India
  • Jain Private University in Bangalore, Karnataka
  • Madras Christian College in Chennai, Tamil Nadu
  • MIT University, Meghalaya, India
  • University of Mumbai law Academy in Mumbai, Maharashtra
  • Lovely Professional University in Phagwara, Punjab
  • Indian Institute of Management in Indore, Madhya Pradesh
  • UPES in Dehradun, Uttarakhand
  • Bharati Vidyapeeth Deemed University in Pune, Maharashtra

Career opportunities in Fintech:

  • Blockchain tech
  • Quant Analysis & Data Scientists
  • Cyber security
  • Mobile App developing
  • Compliance and risk management
  • RegTech
  • Payments/ billing/ Money transfers
  • WealthTech and Robo- advisors
  • Data Science/ Analysis/Visualisation
  • Artificial Intelligence
  • Machine learning and many more.

Invite the best job opportunities in your dream companies :

  • Wipro
  • TCS
  • Infosys
  • Flipkart in Bengaluru, Karnataka
  • Growth360 in Delhi, NCR
  •  FameFlock in Chennai, Tamil Nadu

According to Talent.com the average BBA Fintech salary in India is ₹ 862,500 per year or ₹ 442 per hour. New comers start at ₹ 450,000 per year whereas the experienced workers make up to ₹ 1,855,000 per year.

Why BBA Fintech with ImaginXP?

We ensure that our curriculum is industrial based with the best of faculties which can enable you to apply your knowledge in the field while tackling the problems pragmatically. This course will holistically improve your level of learning and way of looking at the world of banking & finance.

We lead you to a great start by revolutionizing your learning experience with advanced and high-tech pedagogy. We have a tie-up with some of the biggest educational hubs.  ADYP University is in a tie- up with ImaginXP and one among the best BBA Colleges in Pune.

Conclusion:

Hope you found this blog helpful enough to make a deliberative decision. Let us know your feedback and queries in the given below comment section.

If you are still sceptical about anything related to the course, please click here to know more.

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ImaginXP is leading the HigherEd revolution offering some of the best future skills certification courses and full time degree programs in Business, design and Technology. We are pioneering the higher educational space with top-notch faculties and industry-led curriculum.

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