Robots vs Humans: The fight for supremacy

Posted on December 12, 2019Categories Algorithms, Analytics, Artificial Intelligence, Blockchains, Cybersecurity, Data analytics, Digital currency, Internet of Things, Payment solutions, Robo advisor   Leave a comment on Robots vs Humans: The fight for supremacy

There were times when we dreamed of seeing robots doing jobs for us. Little did we know that along with making life easier for us, robots will steal our jobs. Some might argue that companies should stay loyal to its employees the same way its employees were loyal to it. Companies don’t mind taking that path, but it comes at a huge cost of losing ground to competitors. Most of the sectors out there have companies competing for supremacy, and technological changes are their path to success.

In order to stay relevant in a particular market, it is important to adapt to changes that bring efficiency and productivity.

This is also the case in the world of finance. The recent years have seen some dramatic changes in the financial sector, where robots have taken over some routine jobs. If you think this is bad news for people putting in years of work for these jobs, think again. Technology is not slowing down, and  robots are going to keep replacing many job functions.

Today, the usage of Artificial Intelligence (AI) is not breaking news. These technologies have been implemented in the capital markets. The use of such algorithms has resulted in automation of jobs in the global financial landscape.

The threat faced by the human financial experts is not simply based upon the fact that robots are way more efficient in all terms as compared to humans. It is also a fact that these experts are not trained to work alongside AI technologies.

Global financial executives and managers are aware of the changes that have taken place and the changes that are set to follow. A lot of these analysts are ready to welcome the changes by getting trained and skilled in the techniques, so that they get a chance to work using AI technologies  and remain in the position. It is quite evident that panic is setting in among professionals and the only way is to adapt and overcome.

Financial market traders, analysts, and a few other professionals are very well aware about the current. Fintech has ensured that most banking and finance facilities are now available at the fingertips of customers. Earlier, what used to take hours of standing in a line at banks is now replaced by sitting comfortably on your couch and takes a few seconds of your day.

On one hand, you have the ease of operations such as transferring money through Fintech apps, trading stocks from your phone, paying for commodities through mobile paying apps, and tones of other functions.

Apps like PayTM, Zerodha, PayZapp, etc are some wonderful examples of technology replacing many human functions. These apps today allow us to transfer funds, accept payments, buy and sell shares, mutual funds and many other market securities – from the comfort of our homes. These were tasks which would otherwise take a long time – as it involved us going out to banks and the broker’s office!

On the other hand, people are losing jobs because their jobs have been replaced by machines. This is an opportunity for us to upskill and get competitive as an economy.

Conclusion

The only thing permanent in this world is change. Embrace it! The overhaul that is set to take place in the financial industry is going to be rapid, and 10 years down the line, we will be witnessing changes that we never thought of.

Changes are going to happen whether you like it or not. We, at BSE Institute Limited truly believe in change and helping future experts adapt to these changes. With our GFMP Edge FinTech Professional program, get ready to be part of a disruptive new field that will change the way we live. This is your chance to be an expert, and bag high paying jobs in finance! Change, before you are forced to change!

Zoom ahead of normal MBAs (Finance) with a Masters in Financial Technology

Posted on July 11, 2017Categories Algorithms, Analytics, Artificial Intelligence, Blockchains, Cybersecurity, Data analytics, Digital currency, Education, Internet of Things, Investment Banking, MBA, Payment solutions, Robo advisor   Leave a comment on Zoom ahead of normal MBAs (Finance) with a Masters in Financial Technology

Having an MBA in finance is something that everyone agrees is the best way to a good well paying career. The question is, do we wish to stop at that, or be open to better opportunities? If you believe in the latter, then a Masters in Financial Tech is the course for you. Technology has disrupted every industry & aspect of the modern world. Shopping, healthcare, education and BFSI is no different.

With the advent of digital banks, payment gateways, cryptocurrencies, etc. banking has become super easy and threatens to take the financial power out of the hands of traditional banks and financial institutions. In order to stay up to date, banks have been investing billions of Dollars in fintech. While it has been easy for them to set up the systems, it has been very tough to build a team or an organization of people who can handle these systems. The reason being that such professionals are not available in the numbers that the industry needs. Fintech professionals are able to command  handsome salaries because of this.

BIL and Mumbai University, now jointly offer a 2 year full time Masters in Financial Technology. The course is divided into 4 semesters and is open for all students who have completed their graduation. The course has been designed to make students competent in not just financial technology, but also in the subjects that an MBA (Finance) would be proficient in. In short students will be able to manage fintech business divisions on their own and be able to understand the tech that runs it. Students will have to clear a written test and a GD PI round to secure admissions.

Student will be taught by working industry professionals who have at least a decade of work experience under their belt and are highly sought after finance professionals. They are opinion makers who are regularly quoted in media and are placed at senior echleons of the BFSI sector. Students are taught using case studies, group discussions, presentations that are developed on the basis of recent business problems. This promotes an interactive atmosphere in classrooms and builds a proactive nature and a critical thinking ability, both of which are very important for the BFSI industry.

The main subjects of the course are Financial Accounting, Business Statistics, Data Analysis and Interpretation, Principles of Financial Management, Peer to Peer networks, Blockchains, Digital currencies, Insuretech, Derivatives, Fund Management, Robo Advisors, Algorithmic Trading, Banking Technology & Operations, Cybersecurity applications and entrepreneurship management. Students will get to train under some of the best industry professionals working at major financial institutions.

BSE Institute Ltd (BIL) is a 100% subsidiary of the Bombay Stock Exchange Ltd (BSE) offers a variety of courses related to Financial Markets and the BFSI sector. Through BIL, BSE aims to promote learning and development in the field of Banking, Financial Services and Insurance (BFSI). It aims to be the platform of choice for working executives, the industry and students to gain the appropriate knowledge and skills for them to identify market opportunities and grow. It has the distinct advantage of being at the centre of the Indian subcontinent’s financial capital and thus take advantage of its position to support the industry and the community at large.

BIL offers multiple short term & long term courses for students who wish to build their careers in the BFSI sector. Its courses are recognized internationally in Canada, UK, Germany, Australia & New Zealand. It has won multiple accolades and has been cited in the various media publications for the outstanding training and education provided to students.

Mumbai University was founded in 1857 and has over 5 lakh students on its rolls at any point of time during an academic year. It is one of the oldest, largest and the most prestigious learning institutions of India. Due to its illustrious legacy, it counts on its alumni, many of whom lead illustrious organizations and industries, for designing its curriculum and providing guidance to its students.

Mumbai University offers a Masters degree to students who successfully complete the 2 year course in Financial Technology. Students will also be given placement assistance on completing the course. You can click here to know more about the course.

 

 

 

 

Get the best knowledge and training with a Masters in FinTech to succeed in the fast changing Finance world

Posted on June 19, 2017Categories Cybersecurity, Data analytics, Financial Markets, Global finance, Investment Banking, MBA, Mergers & Acquisition, Payment solutions, Robo advisor   Leave a comment on Get the best knowledge and training with a Masters in FinTech to succeed in the fast changing Finance world

Finance is one of those industries that has so far been relatively unchanged and untouched by change that has happened over the past couple of decades. Barring the introduction on internet banking and the soaring use of ATMs, banks and major financial firms have not seen any major changes that could totally disrupt the industry. However, that is now changing. With the introduction of mobile internet, banking and finance are seeing a major challenge from startups and tech companies.

The possibility of banking and investing from the palm of your hand has allowed startups to creep up on banks and Financial MNCs and take a major chunk of their business. In order to avoid competition, banks and MNCs have teamed up with these tech companies and startups to come up with solutions and services that benefit everyone. The major challenge is the unavailability of qualified professionals and talent.

BIL and Mumbai University, now jointly offer a 2 year Masters in Financial Technology. The course is divided into 4 semesters and is open for all students who have completed their graduation. Students will have to clear a written test and a GD PI round to secure admissions.

BSE Institute Ltd (BIL) is a 100% subsidiary of the Bombay Stock Exchange Ltd (BSE). BSE is Asia’s first stock exchange and is now the World’s largest and the fastest stock exchange. BSE Institute inherits from BSE the knowledge and insights into the capital markets industry, garnered over the past 140 years. BSE is based in Mumbai, the financial capital of India. This gives it a major advantage of being able to get insights about the various events and functions of the Financial World. BIL uses its unique position to its advantage to come up with courses that aim to train students and professionals with skills that the BFSI industry desperately needs.

Mumbai University is one of India’s oldest Universities and has an enviable record in grooming students who to be industry leaders. Mumbai University is an institution that is respected and looked up to all over the World. It has over 5 lakh students enrolled for various courses at any point of time. The University has the advantage of falling back on its vast experience, history and large pool of talent for developing courses and training students.

Students will be taught by industry veterans with decades of work experience in the Financial services industry. All faculties are highly respected and sought after professionals who are working at major MNCs.

The main subjects of the course are Financial Accounting, Business Statistics, Data Analysis and Interpretation, Principles of Financial Management, Peer to Peer networks, Blockchains, Digital currencies, Insuretech, Derivatives, Fund Management, Robo Advisors, Algorithmic Trading, Banking Technology & Operations, Cybersecurity applications and entrepreneurship management.

Mumbai University offers a Masters degree after completing the 2 year course in Financial Technology. Students will be offered placement assistance on completing the course. Click here to know more about the course.

 

Lead the technology revolution that promises to disrupt the financial world with a Masters in Financial Technology

Posted on June 12, 2017Categories Algorithms, Analytics, Global finance, Internet of Things, Investment Banking, MBA, Mergers & Acquisition, Payment solutions, Retail banking, Robo advisor   Leave a comment on Lead the technology revolution that promises to disrupt the financial world with a Masters in Financial Technology

Major financial institutions and banks are worried about the direction that retail banking, payment solutions and every other financial facility that is used on a major scale. They are worried as startups are able to use technology that can bypass them to provide services to the masses at a fraction of the cost offered by them. Most importantly, these services are easy to use and sign up to, with very little documentation and procedure. In order to support the financial industry, startups and banks, Governments across the World are setting up hubs to promote these services. The challenge that many students face is how does one enter these industries. With BSE Institute Ltd (BIL), you can now do this easily.

BIL and Mumbai University, now jointly offer a 2 year Masters in Financial Technology. The course is divided into 4 semesters and is open for all students who have completed their graduation. Students will have to clear a written test and a GD PI round to secure admissions.

Students who successfully complete this course will be competent in handling all financial operations and management level work that an MBA would be expected to do. In addition to this, students will also be fluent in managing all Financial Technology related operations like Blockchains, Cryptocurrencies, Algorithmic Trading, etc.

Student will be taught by working industry professionals who have at least a decade of work experience under their belt and are highly sought after finance professionals. They are opinion makers who are regularly quoted in media and are placed at senior echleons of the BFSI sector. Students are taught using case studies, group discussions, presentations that are developed on the basis of recent business problems. This promotes an interactive atmosphere in classrooms and builds a proactive nature and a critical thinking ability, both of which are very important for the BFSI industry.

The main subjects of the course are Financial Accounting, Business Statistics, Data Analysis and Interpretation, Principles of Financial Management, Peer to Peer networks, Blockchains, Digital currencies, Insuretech, Derivatives, Fund Management, Robo Advisors, Algorithmic Trading, Banking Technology & Operations, Cybersecurity applications and entrepreneurship management. Students will also get to train under some of the best industry professionals working at major financial institutions. This is a golden opportunity for students to display their competence and land a lucrative pre-placement offer.

Mumbai University was founded in 1857 and has over 5 lakh students on its rolls at any point of time. It is one of the oldest, largest and the most prestigoius learning institutions of India. Due to its illustrious legacy, it counts on its millions of alumni, many of whom lead illustrious organizations and industries, for designing its curriculum and guiding students.

BSE Institute Ltd (BIL) is a 100% subsidiary of the Bombay Stock Exchange Ltd (BSE) offers a variety of courses related to Financial Markets and the BFSI sector. Through BIL, BSE aims to promote learning and development in the field of Banking, Financial Services and Insurance (BFSI). It aims to be the platform of choice for working executives, the industry and students to gain the appropriate knowledge and skills for them to identify market opportunities and grow. It has the distinct advantage of being at the centre of the Indian subcontinent’s financial capital and thus take advantage of its position to support the industry and the community at large.

BIL offers multiple short term & long term courses for students who wish to build their careers in the BFSI sector. Its courses are recognized internationally in Canada, UK, Germany, Australia & New Zealand. It has won multiple accolades for the outstanding training and education provided to students.

Mumbai University offers a Masters degree after completing the 2 year course in Financial Technology. Students will be offered placement assistance on completing the course. Click here to know more about the course.

Speed up the corporate ladder with a specialization in managing FinTech with a Masters in Financial Technology

Posted on June 9, 2017Categories Internet of Things, Investment Banking, MBA, Payment solutions, Robo advisor   Leave a comment on Speed up the corporate ladder with a specialization in managing FinTech with a Masters in Financial Technology

The only thing permanent is change and this is what we millennials of the 21st century believe in and live by! The biggest changes earlier happened during the industrial revolution and today with Google, we are facing an information revolution – a revolution that lets us innovate provided we are ready to work with technology. Technology is changing everything – the way we shop, eat, order goods, book hotels, travel, study and now banking and investing! The disruptive force of technology is what financial institutions want to harness and use it to their advantage, but unfortunately, we do not have enough trained professionals in the industry.

BSE Institute Ltd (BIL) is a 100% subsidiary of the Bombay Stock Exchange (BSE). The institute is at the centre of the country’s financial capital and is best placed to help students get a close view of the way the industry works.It was started to provide industry relevant skills and knowledge to students and working professionals. The courses and their curriculum are designed in collaboration with the industry in order to groom professionals with skills that are in great demand.

BIL and the University of Mumbai offer a 2years Masters in Financial Technology course. The course is spread over 4 semesters. The major subjects of the course are Financial Technology, Blockchains, Cybersecurity, Big Data, Data Analytics, Business Statistics, Financial Accounting, Markets – Equity, Debt, Derivatives, Commodity, Forex, Cryptocurrencies, Fundamental & Technical Analysis, Investment Banking, Private Equities, Fund Management, etc. Students will also get to intern with a major financial organization during the summer.

Students will be taught by working industry professionals who have decades of years of experience amongst them. They are highly respected and sought after opinion makers of the BFSI industry and teach using techniques that promote maximum student participation and interaction with others. The subjects of the course will be taught using case studies, presentations, industry projects and group discussions.

Mumbai University founded in 1857 is one of the oldest University of India. It has over 5 lakh students studying under it at any point of time. Its alumni are some of the most well-known professionals of the industry and support the university in developing the courses and curriculum.

Mumbai University offers a Master’s degree on successful completion of the course. Students will be provided with placement assistance at the end of the course. Click here to know more about the course.

Fintech: Who is the biggest of them all? CHINA

Posted on April 7, 2017Categories Global finance, Payment solutions   Leave a comment on Fintech: Who is the biggest of them all? CHINA

No prizes for guessing this one. With one of the biggest economies in the World, China has made rapid progress in every sphere of life and technology has become their forte. Defence, Consumer tech, entrepreneurship,etc. China has managed to win it all. China has been fortunate to have a growing startup eco-system along with a growing economy that provided many consumers for this technology.

Chinese banks and financial houses have the backing of their government and cannot take major decisions without the Government’s approval. So for them to move from their traditional way of doing business to a new way was difficult. However, once the Govt was on board, things changed drastically. Some of China’s fintech companies have been able to match the valuations of established European Banks. Ant Financial, a Chinese fintech company is now valued at a staggerring $60 billion, a value equal to the Swiss UBS. Ant financial just provides fintech services, but UBS being a client bank should have been bigger than it. This shows how powerful, fintech companies have become.

China has rapidly adopted internet usage. It has over 700 million internet users. Due to this, China has found it easy to become cashless. Contactless payments are very common. Fintech has made a huge positive impact in the daily lives of people and people have welcomed it. Economies which first pushed for the adoption of plastic money and then contactless payments are way behind China. Smart purses and mobile wallets are very popular and used regularly. A lot of services that people are used to as different payment services in UK, US and EU are bundled up as one purse and sold to the Chinese. This has made fintech companies important and very valuable in terms of their daily imapcts on the lives of citizens.

Fintech has shown to be a game changer for economies and it is time we embrace a digital and a cashless India ASAP.

Contactless payments done in a fraction of a second – Coming soon

Posted on April 6, 2017Categories Payment solutions   Leave a comment on Contactless payments done in a fraction of a second – Coming soon

Today we can’t imagine a world where we don’t use credit/ debit cards, online payments or mobile wallets. But, when exactly did this change in the finance World start? Mobile payments gained popularity in 2014, just after Apple Pay was launched by Apple. There are many mobile wallets now that let you send your money to anyone you wish. Mobile wallets have also been successful in changing the shopping behavior of consumers. Mobile payments are on track to reach a $75 billion mark in 2017 and shall easily cross $503 billion by 2020.

Contactless payments today refer to you just swiping your phone in front of the Point Of Sale (POS) system. China has made a lot of progress in this regard. The only payment action that occurs is customers swiping their phones in front of a POS. This is as fast as you breathing in and breathing out. This form of contactless payment promises to be radically different than PayTM and Freecharge that we are used to. The amount of time that people will spend at a checkout counter will be much less than what it is today, thus allowing retailers to have more footfalls and transactions per day. This technology promises to make storing our money much safer than what it is today. Money will cease to exist as a form, it will just be a number in your account or your phone.

As we integrate our lives with technology, the amount of time that we spend on small tasks will make a technology successful or unsuccessful.