The financial services industry in India is moving towards digitisation, driven by a shift in personalised services expected by the customers because of the increasing penetration of smartphones and internet. The Government of India and the regulators have led various initiatives for technology-enabled inclusion. FinTechs play an important role in this movement by providing personalised services and superior customer experience via digital channels.
FinTech segment (Source: Deloitte, CII Report)
The FinTech segment has evolved rapidly over the last few years, offering innovative solutions and disrupting the entire financial services industry and has generated a lot of interest among job seekers, who are keen to pursue exciting roles in the FinTech space.
Federation of Indian Chambers of Commerce & Industry (FICCI) and Boston Consulting Group (BCG) reports (Business Standard, 15th March 2021): India’s FinTech Industry Valuation Estimated to grow up to $150-160 Billion in the next five years, owing to the deep-rooted customer demand, diverse capital flows, strong tech talent and enabling policy frameworks. India’s dynamic FinTech industry has 2100+ FinTechs of which 67% have been set up over the last 5 years alone. The total valuation of the industry is estimated at USD 50-60 Bn.
Nearly 82% of financial institutions plan to increase Fintech partnerships in the next 3-5 years.
In the past decade, FinTech has disrupted the conventional financial services industry by leveraging innovative technologies like Blockchain, Artificial Intelligence, Cloud Computing, Internet of Things, and Mobile Computing and offering customized, value-added services in a rapid manner. There is a huge demand for people with the right skill sets and an understanding of how these emerging technologies can be applied in the financial services industry. This B.B.A (FinTech) program enables the participants to understand, analyze and effectively leverage the emerging financial innovations and become a part of the new Fintech revolution.
- Financial Analysts,
- Risk Management Analysts,
- Blockchain Specialists,
- Crypto-Currency Analysts
BBA FinTech under the School of Banking, Financial Services and Insurance (BFSI), is a new Program offered by Symbiosis Skills and Professional University, Kiwale, Pune that ventures into the challenging arena of Banking, Financial Services and Insurance subjects with a special focus on the element of Technology that is being fast adopted in this sector. FinTech has literally changed our lives and habits by making it easy to trade, bank, and exchange money without the need for physical human interaction. The up-scaling of tasks and activities in financial sector and growth of Technology due to automation and digitization in this field has given rise to the need for selective and trained personnel who will qualify to meet the industry demand through a formal education that grooms the individual to be resourceful from day one.
In 2019, the FinTech market in India was valued at over INR 1,920 billion and is projected to cross INR 6,207 billion by 2025, expanding at a CAGR of 22.7%, hence, FinTech is the new opportunity for students to explore an exciting career in Finance based organizations, by developing the skills in technologies like Blockchain, Chatbots, AI, Roboadvisors, Neobanks IoT, Big Data, API, Cloud Computing and RPA. This program will set the students at a higher pedestal and make it suitable for them to be absorbed by leading financial institutions which are transforming and making a headway in their business activities.
The new era of Baking, Financial Services and Insurance stands high on technological evolution and will shock the change-over that will be made by every organization. The Financial Environment will require great standards of accuracy, speed, analytics, options and solutions that will craft the way forward for effective decisions and performance. The trend is changing into modification and adaptation of Technology in the field of Finance and this has given rise to the formal education in FinTech, which will groom and provide the talent and the personnel required to answer the provide solutions to financial problems and challenges.
At Symbiosis Skills and Professional University, the students will be provided the best learning experience through Skill and Practical training as well as Internship programs, which will set them steps ahead of their competitors and be the first preference in any organization of repute.
We welcome the young, focused and motivated students to take up this course to build their career with the best intelligence of Finance+Technology.