Indian Institute of Management, CalcuttaOpen For Admission
Every human endeavour in this world is subjected to constant change and those that fail to embrace it are bound to perish. With the pandemic looming large over the global economy, several sectors took a major hit and are struggling to adapt and recoup. Currently, the banking and Fintech sector too is struggling with the overwhelming proliferation of technology. With so many new platforms to integrate and operate on, the banking and CA professionals are constantly working towards understanding how these technologies are changing the dynamics of the financial sector and addressing the challenges at the same time Let’s understand the challenges plaguing the banking and financial sector.
Here are some of the top challenges of the Banking and Fintech Sector
1. Keeping a constant watch on sensitive data to scan and prevent any opportunities for data breaches. According to a report published by ZDNet in July 2019, 819 cyber incidents were reported to the Financial Conduct Authority (FCA) in 2018 last year. With all the ongoing efforts to minimize human contact and digitize the processes, the possibilities for data breaches are on a great rise.
2. Persistently working towards making processes compliant. The KPMG lists 10 major regulatory challenges that banking and fintech will have to observe going forward in 2021 and they revolve around:
3. Working towards meeting client expectations for personalized service. With the passage of time and impending lockdowns, the opportunities for an official interaction are minimized. This has necessitated the need for developing mechanisms for offering customers a superior in-banking experience.
4. Assimilating and integrating Artificial Intelligence in the operational platforms. Big DATA is one of the greatest growth drivers of the current era and no financial firm can make it to even the next year without adopting machine learning and AI.
So the question is how does a Chartered Accountant and a Banking professional survive this dynamic and challenging dynamics in their domain of work?
One of the simplest answers to this question is – by polishing one’s knowledge base and enrolling in the Executive Programme for Banking and Financial Sector (EPBFS) offered by IIM Calcutta. This course has been specifically developed by a fantastic faculty led by finance evangelists and stalwarts from the banking industry. The objective of this course is to enable finance professionals to:
The Differentiating Factor
The Executive Programme for Banking and Financial Sector (EPBFS) stands apart from similar course offerings in terms of its smart and professionally relevant curriculum and world-class mentorship. By enrolling in this course, banking or finance professional gets sufficiently rewarded with the following tangible benefits. These are:
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Executive Programme in Banking & Financial Sector an Ideal Course for Professional CA and Bankers