8,000+
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1,00,000+
Sq.Ft.of training area
45,000+
Worldwide Alumni Network
7
Kitchen Training Facility
₹ 60 Lakhs
UP to Scholarships
100%
Placement Assistance
International & National Internships only at 5-star Properties
One to One Corporate Mentorship
An Entrepreneurial Culture at the Campus
Dignified with Rankings
Amongst India's most promising Hotel Management Institute by Higher Education Review 2022
Ranked Top Hotel Management Institute awarded by Times Education Icon 2022
Quality Education, Outstanding Administration & Leading Infrastructure by Educational Excellence Awards & Conference 2021
Outstanding Performance in Virtual Knowledge Delivery During Pandemic by Educational Excellence Awards & Conference 2021
Financial Technology is an umbrella term that covers a multitude of companies using software and technology to provide financial services. This includes Robo-advisory and Asset Management firms, Online Banks, Online Lenders, Peer-to-peer Lending platforms, Online Remittance firms, and Mobile Payment firms.
The FinTech industry specializes in disruptive innovations that are redefining financial services, reconstituting the financial landscape, and pushing traditional models towards obsolescence. In many ways, FinTech democratizes finance, makes it more accessible to both personal and commercial users, and takes the guesswork out of financial decision-making.
Financial Technology courses jointly provide the fundamentals of Accounting & Finance and Management Science where relevant expertise resides across all core competencies both in research and teaching. This Master's program allows students from a variety of backgrounds who want a career in this area.
The objective of the Course
FinTech courses strive to provide candidates with a comprehensive skill set using a blended learning approach that combines intensive practices, theory, and industrial engagement. As the need for students to build professional skill sets and apply new technologies in order to innovate and streamline financial systems is increasing, a diploma in FinTech provides a comprehensive range of sub-modules targeting their own career paths.
Highly relevant topics taught in FinTech courses cover Blockchain, Machine Learning, Cryptocurrency, Artificial Intelligence and Bots, Internet of Things and Big Data, This makes an updated and comprehensive Fintech program one of the most valuable courses today.
Eligibility Criteria
- The applicant should have a minimum score of at least 50% in their graduation examination.
- The candidate must clear the admission process for the particular college.
- The student must qualify for at least one of these entrance exams - (CAT, XAT, CMAT, GMAT, MAT, ATMA, State CET tests, NMAT by GMAC) as per the AICTE guidelines.
How Digital Transformation is driving the FinTech industry
Digital Finance Transformation is an approach to Financial Management which involves the use of new and innovative technology and relies on the digital landscape. Digital transformation in Finance can lead to benefits such as reduction in errors, efficiency improvement and acceleration of processes, tangible gains and optimization of workforce allocation.
The need for Digital Finance Transformation cannot be ignored owing to strong competition, stringent policies and compact margins. A financial market management course focuses on the methodologies and processes involved with digital finance transformation.
Tools used to upgrade financial practices
The introduction of Financial Technology has led to the emergence of various tools and practices to make financial processes easier and hassle-free. Let’s look at some of the commonly used tools:
- Robotic process automation-
It is an automation system in which repetitive tasks having preset variables are performed by digital systems, hence eliminating the need of actual people. RPA aims at reducing human intervention in activities such as data entry, allowing users to use their talent in more complex activities which require dynamic intelligence.
- Data visualisation in real-time-
This technology makes use of cloud-based data and intuitive software which allows a user to share data and trends with stakeholders in real-time. It helps in making critical decisions by eliminating historical data and guesswork.
- Analytics for finance decisions supported by AI-
The aid of Artificial Intelligence technologies is crucial in conducting analytics based on data mining. Business processes and financial decisions can be optimized with the help of Artificial Intelligence by identifying gaps, measuring expenses and making future forecasts.
Changes in business processes from Digital Finance Transformation
- RPA can be used for the process of onboarding in financial institutions to make the process quicker and error-free.
- Powerful analytics can be used to identify fluctuations in foreign currency and to budget the changes for the entire year.
- AI can perform predictive analysis to identify patterns and eliminate fraudulent parties of bank accounts.
Future Predictions for Digital Transformation of Finance
- Automation of finance functions will lead to self-service.
- Finance applications will challenge traditional ERP.
- Periodic reporting will no longer drive business decisions.
- Automation and blockchain will make transactions touchless.
- Automated operations will put more focus on business insights and adding value.
Career Opportunities after Diploma in Fintech
Since FinTech is a fairly new sector in the finance industry, it is quickly gaining popularity due to the attractive career opportunities offered after completion of a FinTech program. Here are some of the fields that you can start a career in:
- Data Visualisation
Data Visualisation is a field that is all about data-driven storytelling and using data insights to drive consumer performance. It is a mix of technical and marketing roles is certainly one of the most unique and interesting combinations.
- Artificial Intelligence
Artificial Intelligence can be both a force multiplier and a competitor for banks or just about any industry. The career possibilities in this field are endless and for now, it just makes sense to look at the technology that we already have and that itself seems extremely promising.
- Cyber Security
Various industry surveys reveal cybersecurity breaches to be one of the main threats to businesses. In addition to losing valuable data, the biggest blow comes from the reputational damage that a cybersecurity breach can cause. This is why FinTech and tech companies developing solutions in this field are doing considerably well.
Summing up
The adoption of digital transformation in finance can prove to be useful only if the process is approached wholeheartedly. Top-level executives and managers need to create a space where ideas can be shared and changes can be brought about without any restrictions. A PGDM in finance is the best way to explore the scope of digital transformation in finance.
ITM Business School is the first institute to launch AICTE approved PGDM in FinTech courses. Along with end-to-end mentoring and coaching on the various aspects of financial technology, ITM also offers a 5 months iConnect intensive internship program with a focused “On-the-Job” training.
Dignified with Rankings
Amongst India's most promising Hotel Management Institute by Higher Education Review 2021
Ranked Top Hotel Management Institute awarded by Times Education Icon 2022
Quality Education, Outstanding Administration & Leading Infrastructure by Educational Excellence Awards & Conference 2021
