FINTECH - An innovative take on engineering: Enhance your B.Tech. with FinTech studies!
He opened an account with a leading new-generation bank after seeing an ad in a WhatsApp group. He didn’t even have to visit the bank—the bank came to him. And he’s not alone; many people now have the same experience. We assume banks are making these services convenient for us, but in reality, it's FinTech companies working behind the scenes. The ad that led him to the bank? That was FinTech. With digitalization, banks are outsourcing their services to FinTech companies. Soon, banks may only keep their logo, tagline, and policies, while FinTechs handle everything else. Over the past five years, FinTech startups have grown rapidly. Not just banks, but even NBFCs now rely on FinTech to offer faster and easier services. At this rate, a future without traditional banks and bank employees might not be surprising. FinTech companies are expanding with speed and innovation, transforming the financial world.
FinTech (Financial Technology) is the use of advanced technologies like blockchain, artificial intelligence, data analytics, and APIs to improve financial services. It includes things like mobile banking, online payments, cryptocurrency, and more, making banking and transactions faster and easier.
FinTech and Engineering
Engineering and FinTech go hand in hand. Engineers play a key role in solving technical challenges and building innovative financial solutions.
What Can Engineers Do in FinTech?
🔹 Software Development – Engineers develop apps, platforms, and systems for digital banking and financial services.
🔹 Data Analytics – They analyse financial data to uncover insights and improve decision-making.
🔹 Cybersecurity – Engineers protect financial systems and data from cyber threats.
🔹 Blockchain Technology – They help implement blockchain for secure and transparent transactions.
🔹 Artificial Intelligence – Engineers use AI and machine learning to automate and enhance financial services.
With the right skills, engineers can shape the future of FinTech and drive innovation in the financial world!
How Do BTech and FinTech Go Together?
A BTech in Computer Science or IT opens up great opportunities in the FinTech industry. Combining FinTech knowledge with these degrees makes candidates more skilled and competitive. Since FinTech relies on technology, those with a background in programming, data analysis, cybersecurity, and AI have a strong advantage in this fast-growing field.
Ways to Learn FinTech
1️⃣ BTech Computer Science with FinTech Specialization – Some universities offer BTech in Computer Science with a focus on FinTech.
🔹 Manipal MIT – The first in India to offer FinTech with BTech Computer Science. This program, launched in 2023, is in partnership with Fidelity National Information Services (FIS), USA.
🔹 DBS Global University, Dehradun – Offers BTech CS with a Finance Minor.
🔹 Pondicherry University – Provides a five-year BTech + MBA in Banking Technology.
🔹 Some institutes offer FinTech courses as add-ons alongside the university syllabus.
2️⃣ FinTech Certification Courses – Many institutions provide both online and offline certification programs in FinTech.
3️⃣ Online Resources – A wide range of free and paid online platforms offer FinTech learning materials.
These options make it easy for students to gain FinTech knowledge and build a strong career in this field!
Benefits of Studying BTech with FinTech
🔹 Great Career Opportunities – The FinTech sector offers jobs for software developers, data analysts, cybersecurity experts, and financial analysts.
🔹 High Salaries – FinTech professionals earn better pay compared to many other fields.
🔹 Strong Growth Potential – As a fast-growing industry, FinTech provides plenty of opportunities for career advancement.
This field is perfect for those who want to build a career in both engineering and financial technology!
Article By: Mujeebulla K.M
CIGI Career Team