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India is one of the fastest-growing economies in the world. It is also a country where the FinTech revolution has been transforming people's lives. Fintech, which stands for Financial Technology, can be defined as any innovation that enables consumers to make financial decisions and manage their money more efficiently. Therefore, India needs more than just traditional banking expertise; it needs talent with skills in Blockchain and Cloud computing.

The scope of FinTech in India: What data suggests:

One thing that stands out about Fintech is its global impact- it's not just limited to India but has spread across geographies like China, Europe, North America, etc., which makes it one of the most lucrative industries today!

Globally, the adoption of Fintech grew at a rate of 64% in 2019, and in developing countries, the growth rate stands at 87%. Funding from diverse stakeholders contributes to the growth of digitized payments. In addition, the rise of digital commerce and innovation using AI, blockchain, IoT, real-time payments, and the introduction of POS devices have contributed to growth. Since 80% of banking activities at top banks in India run on digital channels, the scope for remittance programs is immense.

The fintech market in India suggests a growth at a CAGR of 12% during the forecast period.

With India becoming a hub for many Fintech start-ups. Government initiatives promoting digitization of financial systems and a cashless economy are another hope for shifting consumer focus towards better digital alternatives.

Some trends in the market:

Increased Mobile Banking Payments

The rapid growth of digital payments is growing. The exponential growth of the digital payment sector is driven by multiple factors like convenience to pay, the rise of non-banking payment institutions, progressive regulatory policies, etc.

Increased Fintech Deals in Indian Start-ups:

The second quarter of 2019 witnessed 23 deals and China 15 deals. The B2B fintech space engrossed USD 657mn, surpassing the USD 617mn flowing into B2C fintech startups in 2019. The number of Fintech deals has been increasing since then in India.

Competitive Landscape

The Fintech market in India is fragmented due to increasing start-ups in the market. Global investors are actively participating and challenging established market players.

With this immense scope, the employment opportunities for those looking for a career in Fintech are unlimited.

Reasons to rush for Fintech Certification Courses:

There is an increased demand for experts to ensure talent availability, especially in technology areas like Blockchain and Cloud Computing.

Fintech Certification programs and MBA in Fintech offered by Imarticus Learning helps students achieve career goals.

Their programs collaborate with prestigious industry leaders to enhance robust MBA in FinTech programs, covering every paradigm of cutting-edge New Age FinTech solutions. In addition, the curriculum is designed to provide students with the best exposure to critical elements of the FinTech domain.

FinTech MBA program by Imarticus Learning covers every critical aspect via hands-on training with prominent technologies such as API, Blockchain, Cloud Computing, AI/ML, RPA, IoT, and Big Data.

- Fintech Certification is listed in Top Career Options by Forbes.

- Salary of Fintech professionals ranges from $126,000 to $213,000/year.

- Job openings for Fintech professionals are high, with a wide range of global opportunities and reach.

- Blockchain technology could revolutionize the way banking will work in the coming future!

- Fintech industry calls for adaptive and creative individuals who can help banks identify and meet new customer needs.

If you are looking to skyrocket your FinTech career prospects by transforming into a FinTech expert, your search must end at Imarticus. Those willing to learn must begin their journey as New-Age FinTech Specialists now!

Disclaimer: This is a company press release. No HT journalist was involved in the creation of this content.

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