Fintech
Getting Into Fintech: Tips for Securing Admission
Are you fascinated by emerging technologies like cryptocurrency, blockchain and artificial intelligence (AI)? If so, and if you want to pursue a management or leadership role in this space, then it may be time to go back to school. Specifically, a Master’s in financial technology (fintech) can provide you with the essential knowledge and skills needed to succeed in this dynamic industry.
Of course, college admissions requirements for fintech programs can vary greatly, and some programs can be extremely competitive. It is important for aspiring fintech education students to understand what the typical admissions process entails and what they can do to maximize their chances of admission.
Fintech College Admission Process
So, what does the admissions process for a fintech degree program look like? This can vary from one school and even from one program to another, but there are some key things to keep in mind as you prepare to apply for graduate school.
College Admissions Overview
Based on the number of teachers and professors available, as well as the number of credit hours required for each program, graduate schools can determine approximately how many students they can accept into a fintech program each year. This number is carefully calculated to ensure that the ideal teacher to student ratio is maintained and that students receive the highest quality education possible.
Securing admission to a Fintech program
With this in mind, each school and program writes its own specific admissions criteria. In general, anyone applying for a master’s degree in fintech will need to have a bachelor’s degree from an accredited institution. This degree may need to be related to the fintech field, although this is not always the case.
To secure admission into a fintech program, you will need to carefully research the entry requirements to ensure you meet them. From there, you will need to submit all required application materials by the published deadline. Once you receive your acceptance letter, you can follow the additional steps provided to begin enrolling in courses.
Understand Fintech admission criteria
If you are interested in earning a degree in fintech, it is also crucial to understand that admission requirements may vary depending on whether you are applying to an undergraduate or graduate degree program. Typically, graduate programs have more stringent entry requirements, although this is not always the case.
Undergraduate program requirements
To be accepted into a fintech graduate program, you typically need to have at least a high school diploma or equivalent (such as a GED). You may also be required to have a minimum high school GPA, although this varies from program to program.
You may need to submit additional materials with your application, such as a personal statement or admissions essay.
Graduate Program Requirements
When applying for a bachelor’s (master’s) program in fintech, you can expect to need at least a bachelor’s degree (possibly in a related field). It is also common for fintech programs to require students to have a minimum GPA in their undergraduate programs, although having a lower GPA does not necessarily mean you will not be admitted.
In addition to your application and previous university degree, you may also need to submit a personal statement and a copy of your CV or curriculum vitae. In some cases, letters of recommendation may also be necessary.
Highlighting interest in finance, technology, or related fields
When creating a resume, personal statement, or other application material for your fintech graduate program, it’s important to tailor your presentation to the financial and technology industries as much as possible. This means highlighting any relevant courses you’ve taken in the fintech industry in the past, as well as any jobs or internships you’ve had that might be related to the field.
Highlighting relevant experience in Fintech
Even if you’ve never worked directly in fintech, there’s a good chance you have some relevant experience that can be applied to fintech with a little creativity.
Presentation of work experiences and other initiatives
Perhaps you have previously worked in a role that required the use of artificial intelligence or blockchain technology, or perhaps you even completed a project on a similar topic during your undergraduate degree. If you can find ways to connect your personal experience to fintech, you may be able to increase your chances of being accepted into a graduate program.
Technical skills related to Fintech
Be sure to also highlight any technical skills or training you have in fintech-related areas, such as:
- Machine learning
- TO THE
- Data analysis
- Blockchain
- Data science
- Software development
Create a compelling personal statement
One of the most essential parts of your graduate school application is your personal statement. This is essentially an essay detailing your commitment to the program and why you would be a good fit based on your experience and future aspirations.
Articulate career goals and aspirations in Fintech
Writing a personal statement isn’t always easy, but it’s helpful to start with an outline in which you’ll cover the key points you want to address in your statement. Ideally, you’ll want to select two or three goals or aspirations and address them thoroughly in your personal statement. Be sure to provide specific examples when possible to keep things interesting and compelling.
Ensure strong letters of recommendation
You may also need to submit letters of recommendation from previous employers or professors as part of your graduate school application. If this is the case, there are a few things you should keep in mind as you proceed.
Selection of suggestions
First, consider who you might ask to write you a letter of recommendation. Ideally, you’ll want to ask someone who has seen firsthand your experience and passion for the fintech field and all things related to it. This could be a previous manager or supervisor, or even an instructor or professor you had in a previous graduate program.
Provide guidance and context to ensure high-impact letters
Once you know who you want to ask for a letter of recommendation, find a way to ask them tactfully. A professionally written email may be appropriate, but it may also be appropriate to ask in person. Ultimately, it just depends on the relationship you have with the person.
When someone agrees to write a letter of recommendation for you, be sure to give them the exact details of your application. This will help them better understand what types of things they should include in the letter and what the school is looking for, which will help them create the most impactful letter possible. Make sure they are also aware of the application deadline so they can plan accordingly. At best, we recommend giving them at least a few weeks to prepare.
Demonstrate continuous learning and growth
Keep in mind, also, that graduate school admissions counselors generally want to see that prospective students are committed to a lifetime of learning and growth in their respective fields. You can demonstrate this in your application materials in several ways.
Participation in relevant Fintech experiences
First, make sure you take advantage of all opportunities to get involved in fintech both inside and outside of the classroom. This might include joining clubs or other professional organizations, as well as volunteering or interning in the field when possible. Highlight these examples in your application materials, including your resume or personal statement, where applicable.
Highlighting ongoing learning efforts
Be sure to also emphasize your continuous learning efforts as they relate to the fintech field. What do you do to stay up to date on the latest industry news and trends? You might mention a specific newsletter or industry publication you follow and any other sources of continuous learning efforts you’re pursuing.
Highlighting these efforts will demonstrate to your prospective school that you are serious about staying ahead of this dynamic industry and that you will not give up on these efforts once you graduate.
Ready to get started in Fintech?
As you can see, there is a lot to keep in mind when applying for a fintech program. From taking your time researching admissions requirements to carefully preparing and submitting your application materials, a little preparation and planning can go a long way. By keeping these tips and best practices in mind, you can submit your graduate school applications with confidence and maximize your chances of being accepted into your ideal fintech program.
Still looking for the right fintech program for you? Keiser UniversityOnline Masters in Financial Technologyoffers the training you need to qualify for leadership opportunities in artificial intelligence, blockchain and other modern financial technologies. With this program available entirely online, you can study on your own terms while taking care of the other obligations in your life.
Learn more about Keizer University’s Master of Science in Fintechget in touchwith a graduate school admissions counselor. You can also start with your own onlineapplicationand find out more about oursRequirements for admissionHere.
Fintech
Lloyds and Nationwide invest in Scottish fintech AI Aveni
Lloyds Banking Group and Nationwide have joined an £11m Series A funding round in Scottish artificial intelligence fintech Aveni.
The investment is led by Puma Private Equity with additional participation from Par Equity.
Aveni creates AI products specifically designed to streamline workflows in the financial services industry by analyzing documents and meetings across a range of operational functions, with a focus on financial advisory services and consumer compliance.
The cash injection will help fund the development of a new product, FinLLM, a large-scale language model created specifically for the financial sector in partnership with Lloyds and Nationwide.
Joseph Twigg, CEO of Aveni, explains: “The financial services industry doesn’t need AI models that can quote Shakespeare, it needs AI models that offer transparency, trust and, most importantly, fairness. The way to achieve this is to develop small, highly tuned language models, trained on financial services data, vetted by financial services experts for specific financial services use cases.
“FinLLM’s goal is to set a new standard for the controlled, responsible and ethical adoption of generative AI, outperforming all other generic models in our selected financial services use cases.”
Robin Scher, head of fintech investment at Lloyds Banking Group, says the development programme offers a “massive opportunity” for the financial services industry by streamlining operations and improving customer experience.
“We look forward to supporting Aveni’s growth as we invest in their vision of developing FinLLM together with partners. Our collaboration aims to establish Aveni as a forerunner in AI adoption in the industry, while maintaining a focus on responsible use and customer centricity,” he said.
Fintech
Fairexpay: Risk consultancy White Matter Advisory acquires 90% stake in fintech Fairexpay
Treasury Risk Consulting Firm White Matter Alert On Monday he announced the acquisition of a 90% stake in the fintech startup Fair payment for an undisclosed amount. The acquisition will help White Matter Advisory expand its portfolio in the area of cross-border remittance and fundraising services, a statement said. White Matter Advisory, which operates under the name SaveDesk (White Matter Advisory India Pvt Ltd), is engaged in the treasury risk advisory business. It oversees funds under management (FUM) totaling $8 billion, offering advisory services to a wide range of clients.
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White Matter Advisory, based in Bangalore, helps companies navigate the complexities of treasury and risk management.
Fairexpay, authorised by the Reserve Bank of India (RBI) under Cohort 2 of the Liberalised Remittance Scheme (LRS) Regulatory Sandbox, boasts features such as best-in-class exchange rates, 24-hour processing times and full security compliance.
“With this acquisition, White Matter Advisory will leverage Fairexpay’s advanced technology platform and regulatory approvals to enhance its services to its clients,” the release reads.
The integration of Fairexpay’s capabilities should provide White Matter Advisory with a competitive advantage in the cross-border remittance and fundraising market, he added.
The release also states that by integrating Fairexpay’s advanced technology, White Matter Advisory aims to offer seamless and convenient cross-border payment solutions, providing customers with secure options for international money transfers.
Fintech
Rakuten Delays FinTech Business Reorganization to 2025
Rakuten (Japan:4755) has released an update.
Rakuten Group, Inc. and Rakuten Bank, Ltd. announced a delay in the reorganization of Rakuten’s FinTech Business, moving the target date from October 2024 to January 2025. The delay is to allow for a more comprehensive review, taking into account regulatory, shareholder interests and the group’s optimal structure for growth. There are no anticipated changes to Rakuten Bank’s reorganization objectives, structure or listing status outside of the revised timeline.
For more insights on JP:4755 stock, check out TipRanks Stock Analysis Page.
Fintech
White Matter Advisory Acquires 90% Stake in Fintech Startup Fairexpay
You are reading Entrepreneur India, an international franchise of Entrepreneur Media.
White Matter Advisory, which operates under the name SaveDesk in India, has announced that it is acquiring a 90% stake in fintech startup Fairexpay for an undisclosed amount.
This strategic move aims to strengthen White Matter Advisory’s portfolio in cross-border remittance and fundraising services.
By integrating Fairexpay’s advanced technology, White Matter Advisory aims to offer seamless and convenient cross-border payment solutions, providing customers with secure options for international money transfers.
White Matter Advisory, known for its treasury risk advisory services, manages funds under management (FUM) totaling USD 8 billion.
Founded by Bhaskar Saravana, Saurabh Jain, Kranthi Reddy and Piuesh Daga, White Matter Advisory helps companies effectively manage the complexities of treasury and risk management.
The SaveDesk platform offering includes a SaaS-based FX market data platform with real-time feeds for over 100 currencies, bank cost optimization services, customized treasury risk management solutions, and compliance guidance for the Foreign Exchange Management Act (FEMA) and other trade regulations.
Fairexpay is a global aggregation platform offering competitive currency exchange rates from numerous exchange partners worldwide. Catering to both private and corporate customers, Fairexpay provides seamless money transfer solutions for education, travel and immigration, as well as simplifying cross-border payments via API and white-label solutions for businesses. Key features include competitive currency exchange rates, 24-hour processing times, extensive currency coverage of over 30 currencies in more than 200 countries, and secure, RBI-compliant transactions.
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