Over the past few years or so, the fintech industry has been increasingly dependent on Python and other open source programming languages that have changed the way financial services use Artificial Intelligence and Machine Learning. In the era where nothing is possible without the application of Data Science and Deep Learning, we are witnessing a rampant adoption of AI ML for fintech services. That’s why we decided to focus on the role of Python training and how it could benefit you in your career in fintech.
Bigger Margins, Bigger Profits
Fintech, on its own, has been growing at a breakneck pace. With AI in its operational process, tends to bring in billions of dollars as profits. The use of AI ML with Python and R coding applications was estimated to result in profits of up to $15 Billion US dollars in 2020. By end of 2025, this would grow to $40 billion per year. Despite the COVID-19 slowdown, we don’t expect a fall in fintech career growth and salaries.
Making Python Work for Fintech
It’s not fintech that you would be directly working in. Many dependent sectors are also growing around smart banking, insurance, and life sciences. From automating front end operations like payments and digital wallets, there are many AI-based B2B operations that are also getting a rejig, thanks to thousands of data science python course trainers like you who are churning a high demand for the highly advanced Fintech centric AI and ML solutions.
The world around us is itself transforming at a never seen heard pace.
Some Special POWERS you would Yield
With data science python course certification, you would yield immense power. Your projects would be used to establish automation and hyper-automation processes, and create new opportunities in customer experiences, marketing, and sales forecasting, AI-based business intelligence, and data reporting.
AI and CYBER Security: The ultimate goal
With cybersecurity taking a shot in its arm, and attackers always on the prowl to target fintech companies, a lot will go into your project to defend your Python applications from data breach and ransomware.
We expect 15% growth in Python coders who would be working in Fraud Detection and Risk assessment departments.
Turning Back End Operations on their Head
AI and ML have practically proliferated into every section of financial services. The most drastic impact has been on the way back end operations are handled. From printing to manual documentation to compliance AI ML with Python applications has infiltrated into core processes. These have proved to be resulting in a dramatic reduction in operating costs and better optimization of back-end resources.
Other important projects include:
- Book-keeping automation
- ML-based Enterprise Documentation / Content management
- Compliance and IT Operations
- IT Networking
- 5G / IoT for Fintech Applications
- Mobile application development for better Customer Experience
- Customer services, voice chat, and chatbots
Fintech is perfectly aligned for your Python coding skill in 2021.