Upskilling: Why finance guys need to study fintech

Such a study should be a structured programme, like a master’s degree.

The financial services industry is undergoing a profound transformation. To keep up with the changes, we need to constantly reskill and upskill. While there are multiple courses, a master’s degree in financial technology (fintech) can also be considered – not merely as an academic pursuit, but also if you want to thrive in the world of finance.

The fintech revolution

Blockchain, cryptocurrencies, artificial intelligence and digital banking are reshaping every aspect of financial services, from investment strategies to everyday banking operations. The Unified Payments Interface (UPI), for example, has revolutionised digital payments, making transactions seamless and accessible to millions. Cryptocurrencies have introduced new dimensions to asset management and investment strategies. Then there is mobile banking and AI-driven loan processing.

Master’s degree in finance

A master’s degree in fintech provides in-depth exploration of core technologies that are reshaping finance. Depending on the educational institution, it can cover a range of topics, including blockchain, machine learning, and their applications in financial domains. As far as jobs are concerned, understanding AI and machine learning is essential for roles in organisations such as Paytm and PhonePe. A master’s degree can also offer networking opportunities with a global cohort of students, academics and industry leaders.

Bridging the gap

The financial sector requires professionals who are fluent in both finance and technology. A master’s degree in fintech can address this need by upskilling professionals in both the areas. Graduates can lead fintech initiatives at traditional banks, integrating AI into risk-management processes, or even spearhead start-ups focusing on leveraging technologies for micro-lending in emerging markets.

Adaptability

The financial sector’s rapid evolution demands adaptability, a skill fostered by a master’s degree than a short course. Professionals who understand cryptocurrency regulations, for example, can quickly adapt to changes in legislation, thereby ensuring that their firms remain compliant. Similarly, financial analysts skilled in AI and data analytics can pivot swiftly to new market prediction methods, as technologies continue to evolve. This adaptability is crucial to staying relevant and excelling in a sector marked by constant change and innovation.

A call to action

For finance professionals, a master’s degree in fintech is not merely an academic pursuit, it is a strategic investment into their future. In a world where financial services are increasingly getting digital and technology-driven, both continuous education (lifelong learning mindset) and continuing education (learning to obtain a rewarding certificate or credential) are critical. Undoubtedly, pursuing a master’s in fintech can prove to be highly rewarding, as it can help prepare professionals to not only understand and adapt to changes, but also to become the changemakers who will shape the future of finance.

Vamsidhar Ambatipudi, associate professor, BITS Pilani Work Integrated Learning Programmes (WILP) division, penned this piece for Financial Express.

Views are personal and do not represent the stand of this publication.