FINTECH: The Panacea for a Decentralized Future of Pecuniary Advantage, reveals N. L. Dalmia Institute of Management Studies and Research

MUMBAI, India, December 31, 2017 /PRNewswire/ --

For some years now, FinTechs are known as the disruptors in the financial industry. FinTechs are providing more alternatives to consumers and commercial customers that are less expensive, faster, more convenient, more efficient, out of traditional banking channel' scope, a more personalized experience etc. Is this what can be called disruption? Or is it just healthy competition that encourages innovation by the existing players as well as the new entrants. Owing to this competition, FinTech has attracted investments from not only individuals but also banks and financial institutions like Deutsche Bank, NASDAQ, DBS Bank, US Federal Reserve, Barclays Bank, BNP Paribas, and Citibank etc.  In terms of both time and money. On a global scale, the value of investment in Fintech ventures amounted to approximately US$3 billion.

The Fintech movement best capitalizes emerging technological capabilities, starting from a unique vision of the client and using client knowledge to make personalized proposals in real time, resulting in high customer experience. The few major innovations that may have a heavy impact on the financial sector are Next Generation Chatbots, Algorithmic trading and blockchains, to name a few. Chatbots are evolving at an exponential rate so in the future, we should expect more chatbots to be deployed with improved quality of interactions, speed of responses, and accuracy in decision-making. Considering the fact that 90% of our time is spent on email and messaging platforms, chatbots seem to have a potential to revolutionize the financial services sector by virtue of its personalization and its use for instant P2P lending. Overall, seven out of 10 consumers around the world like robo-advisory services for their banking, insurance and overall transactions, according to a report by Accenture.

With the rise in investments in Mutual funds, Algorithmic trading is set to strengthen its foothold in the financial industry. The Artificial Intelligence is already helping the operational part of the trading, while the advisory part of it will see evolution in the coming years. The global Algorithmic Trading market is valued at US$9.51 billion in 2016 and is expected to reach US$11.84 billion by the end of 2022, growing at a CAGR of 3.71% between 2016 and 2022. The Asia-Pacific will occupy for more market share in following years, especially in China, also fast growing India and Southeast Asia regions. In India, according to the SEBI, Algorithmic trading accounts to over 43% of the stock market turnover, with a global average of 75%.

From transactions to trading volume, and from wallet installations to market cap, every possible metric has been surpassed, shattered, and then shattered again by the blockchain technology in this year and it keeps evolving at a rapid rate. The blockchain technology has taken the global financial economy and the global financial technology industry by storm. Bitcoin, just the tip of the iceberg, forces us to believe in the concept of decentralized cryptocurrency without any borders. In the future the target of majority fintech firms is going to be reducing the friction and making cryptocurrency a viable and stable medium of exchange. Total cryptocurrency market cap has totaled to US$560 billion and shows no signs of diminution.

Dr. Raja Roy Choudhury - Director at N. L. Dalmia Institute of Management Studies & Research says, "In this future of uncertainty in the financial sector, only one thing is certain - change." Indeed, there's no denying the fact that financial institutions backed by strong Financial technologies are bound to dominate the markets in the near future and it has started reflecting in India too. New initiatives by the government to boost financial inclusion and promote a cashless economy have opened up surplus opportunities for fintech companies. Ernst and Young, one of the big four consulting firms, in its FinTech Adoption Index for 2017, states that 52 percent of India's digitally active consumers are adopting fintech; a figure second only to the global highest China, at 69 percent.

Keeping in mind that the managers at all the financial institutions have one task at hand, to become digitalized and offer similar real-time services to what people are demanding and a  vision of empowering the future of the Indian Fintech Industry, N. L. Dalmia Institute of Management Studies & Research has kick-started its School of Quantitative Science which offers a Post-Graduate Program in FinTech in collaboration with one of the India's Best Fintech Learning Institutions, Imarticus Learning Pvt. Ltd.

Post-Graduate Program in Fintech with Imarticus Learning Pvt. Ltd.

The Post Graduate Program in Fintech is a 430-hour program providing aspirants with the end to end understanding of the FinTech sector, components of the ecosystem, potential impact, along with frameworks to enable Fintech innovations, driven by a case study methodology.

The program is covered over 4 levels, providing high-quality financial management and advance analytics course curriculum. Nationally and internationally acclaimed faculty members bring forth a right mix of industry-academic experience, providing a holistic perspective of innovative thinking, a key addition to business value in today's fast-changing and competitive environment. The course will include certifications in Global Markets, Financial Analysis, Wealth and Investment Management.

Pedagogy

The entire course would be holistically covered through:

• Extensive Conceptual Classroom Teaching.
• Exclusive Guest Sessions and Interactive Webinars/Video Conferencing by Industry Stalwarts and International Faculty.
• Live Capstone Projects.
• Industry Exposure in the form of Paid Internships.

Notes to Editor

About N.L. Dalmia Institute of Management Studies & Research

N.L. Dalmia Institute of Management Studies and Research (NLDIMSR) was established in the year 1995 by the Late Shri Niranjanlalji Dalmia with a vision to become a World Class Management Institute. Currently, NLDIMSR ranks amongst the top B-schools of India and is one of the most preferred business schools in Mumbai. The institute offers a plethora of academic services including Full Time and Part Time Post-graduate management courses, Global MBA Programs and the latest one - Post Graduate Programs in Quantitative Science.

Media Contact : Dr. Raja Roy Choudhury, [email protected] , +919920888111, Director, N. L. Dalmia Institute of Management Studies and Research