The Bachelors in Business Administration in FinTech program at MIT University, Shillong makes you adept at the technology and innovation to compete with traditional financial methods in the delivery of financial services. The course prepares you for an emerging industry that uses technology to improve activities in finance.
The use of smartphones for mobile banking, investing services, and crypto currency are examples of technologies aiming to make financial services more accessible to the general public. Financial technology companies consist of both start-ups and established financial institutions and technology companies trying to replace or enhance the usage of financial services provided by existing financial companies and our course makes sure you are well prepared for the challenges ahead.
The BFSI sector in India will need an additional 1.6 million skilled workforce by 2022, the National Skill Development Corporation (NSDC) has estimated in its report. The report points out that considering the low levels of banking penetration, expansion through branches and business correspondents is likely to generate significant employment opportunities in the sector.
India has a diversified Financial Sector undergoing rapid expansion, both in terms of strong growth of existing financial services firms and new entities entering the market. The sector comprises commercial banks, insurance companies, non-banking financial companies, co-operatives, pension funds, mutual funds, and other smaller entities. As the focus shifts towards customer-facing and sales profiles, the industry has witnessed a surge in entry-level hiring, which is expected to sustain the sector’s growth. In the wake of demonetization coupled with reforms in the banking and financial services sector, the sector is experiencing a dynamic shift.