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Fin Tech

Transforming Financial Literacy: A Digital and Tech Journey

Written by Hritik Rajora on Digilah (Tech Thought Leadership).

In the fast-evolving landscape of technology, my journey over the last five years in the startup realm dedicated to making India financially literate has been nothing short of transformative.

As the founder of Stock Tutor platform a mission-driven initiative, my commitment to providing valuable insights into the stock market with the right approach has been significantly enhanced and challenged by the relentless march of digital and tech advancements.

The Digital Revolution:

The advent of digital technology has been a game-changer for our startup’s mission. Five years ago, our approach to financial literacy was primarily reliant on traditional methods like in-person workshops and printed resources.

However, the digital wave has reshaped our strategies, enabling us to reach a broader audience more effectively.

1. Online Learning Platforms:

The rise of online learning platforms has allowed us to extend our reach beyond geographical constraints. With a plethora of reliable resources available at our fingertips, we’ve been able to create comprehensive and interactive courses on the stock market.

This shift has democratized financial education, making it accessible to anyone with an internet connection.

2. Data Analytics for Personalized Learning:

Tech-driven data analytics has empowered us to provide a personalized learning experience. By analyzing user interactions with our platform, we can tailor content to individual needs, ensuring that each learner receives information at their pace.

This has significantly improved engagement and retention rates among our audience.

Overcoming Challenges:

While the digital transformation has brought about numerous benefits, it has not been without its challenges.

The pace at which technology evolves demands constant adaptation, and staying ahead of the curve has been a continuous endeavor.

1. Cybersecurity Concerns:

As we transitioned into a digital-first model, cybersecurity became a paramount concern. Handling sensitive financial information requires robust security measures to protect our users. Implementing and maintaining state-of-the-art cybersecurity protocols has been an ongoing challenge, demanding constant vigilance and investment.

2. Tech Skill Gap:

The rapid evolution of technology has highlighted the need for a workforce equipped with relevant tech skills. Bridging the gap between traditional financial expertise and digital acumen has been an ongoing challenge.

Investing in training programs for our team has been crucial to staying competitive in a tech-driven landscape.

Leveraging Thought Leadership:

In the pursuit of our mission, establishing thought leadership has been instrumental. By staying at the forefront of industry trends and technological advancements, we have positioned ourselves as pioneers in the intersection of financial literacy and technology.

1. Educational Technology Partnerships:

Collaborating with educational technology companies has been a strategic move. Partnering with tech innovators has allowed us to integrate cutting-edge tools into our platform, enriching the learning experience for our users.

These partnerships have also enhanced our credibility in the industry.

2. Content Innovation:

Embracing technology has opened up avenues for innovative content delivery. From virtual reality simulations of stock market scenarios to gamified learning modules, we have explored diverse ways to make financial education engaging and effective. This commitment to innovation has set us apart as thought leaders in the space.

The Future of Financial Literacy:

Looking ahead, the digital and tech journey in the financial literacy space promises even more exciting possibilities. Emerging technologies such as blockchain, artificial intelligence, and augmented reality hold the potential to revolutionize how we educate and empower individuals in the realm of finance.

1. Blockchain for Transparent Transactions:

Exploring blockchain technology can bring transparency to financial transactions.

By incorporating blockchain into our curriculum, we aim to educate users on the decentralized and secure nature of this technology, fostering trust in financial systems.

2. AI-Powered Financial Advisory:

Harnessing the power of artificial intelligence for personalized financial advisory services is on our roadmap. Integrating AI algorithms can provide tailored investment recommendations based on individual risk profiles, making financial decision-making more informed and accessible.

In conclusion, the digital and tech journey has been instrumental in reshaping our startup’s mission to make India financially literate.

The advantages of online platforms, personalized learning, and thought leadership have propelled us forward, overcoming challenges such as cybersecurity concerns and the tech skill gap.

As we look to the future, embracing emerging technologies will further enhance our ability to empower individuals with the knowledge and skills needed to navigate the complexities of the stock market and financial landscape.

Most searched questions

What is Stock Tutor?

What are stocks?

Most searched queries

Stock market

Financial literacy

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Fin Tech

Social Trading and Its Implications: A Financial Technology Market Research Perspective

trading

Written by Ju Jian Ngiam on  Digilah (Tech Thought Leadership).

Social trading is a form of investing that enables individuals to observe the trading behavior of their peers and expert traders, and to follow their investment strategies using copy trading or mirror trading.

It democratizes access to financial instruments such as options, as traders can make decisions based on other traders’ actions rather than analyzing raw financial data, which they may not have the time or ability to do so accurately.

While social trading provides a platform for investors to learn from and mimic other traders, copy trading is a specific subset of this broader concept.

Copy trading is an automated process where an investor’s account mimics the trades of a chosen trader automatically.

Social trading requires more involvement and understanding, allowing investors to pick and choose specific trades to follow rather than copying all trades from a specific trader. In some cases, social traders can make the opposite trade of the expert they are following if the trader has a bad reputation.

An example would be the anti-ARK Innovation Fund (ARKK) exchange traded fund, Turtle Short Innovation ETF, otherwise known as SARK. The ARKK Fund was once a respected exchange traded fund, but due to poor performance in recent years, an exchange traded fund called SARK was created to short the ARKK. The fund went up by 75%, while ARKK dropped by 50% in 2022, proving its mettle in the financial industry.

Key players in the social trading space include eToro, Moomoo and Robinhood, among others. These platforms provide a wide array of investment options, from foreign exchange and stocks, Exchange Traded Funds (ETFs) to cryptocurrencies, and attract traders of all skill levels. High Frequency Trading (HFT) firms like Tower Research, Domeyard are also relevant, as they employ sophisticated algorithms that execute large quantities of trades within split seconds, often at the expense of retail investors.

Social trading’s main benefit is its ability to leverage the collective knowledge and experience of a community of traders, otherwise known as the wisdom of the crowd.

It allows inexperienced investors to learn from more seasoned traders, potentially mitigating some risks associated with lack of knowledge.

However, social trading also carries significant risks. Copying a strategy without understanding its underlying mechanism can lead to substantial losses, especially in volatile markets. There’s also the risk of following traders who themselves may not be competent or who may be driven by emotions.

Furthermore, the tactics of HFT firms can distort market information, leading to accusations of market manipulation through their tactic of “Quote stuffing”.

“Quote stuffing” in essence is placing mass orders of trades and cancelling them last minute, with the intention of overwhelming competitors by having them process the orders and cancellations.

At its worst, this tactic caused the Dow Jones Industrial Average to fall by 1,000 points in a few minutes in 2010. However, these firms are necessary market liquidity providers, accounting for 50% of all equity trades in the United States as of the present.

Hence, social trading platforms such as this company, FollowTrade should have risk management features that can safeguard consumers such as stop limit orders for their own good.

My deep fascination with the intersection of finance and technology is my primary motivation for being in this space.

It led to me completing a certificate in Financial Technology at HarvardX, an online learning initiative by Harvard before matriculating. I learned about strategies like High Frequency Trading and intend to delve deeper.

My understanding of the industry’s intricacies, such as the tactics employed by HFT firms and the complexities of trading as a finance undergraduate has equipped me with a unique perspective.

This offers an unparalleled opportunity to further my knowledge and contribute to the dynamic fintech landscape. I am excited to apply my skills and passion to real-world research and look forward to the valuable experience this promises.

Most searched questions

What is copy trading?

Is copy trading legal?

Most searched queries

Exchange Traded Funds (ETFs)

High Frequency Trading (HFT)

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Fin Tech

CFOTech: A new door in Fintech Industry

finance

Written by Uluc Yigit Sener on Digilah (Tech Thought Leadership)

Fintech means “Financial Technology” and this industry tries to merge two concepts: Finance and Technology. The main purpose of this industry is to make financial transactions and the financial sector much faster and more practical.

Exciting new developments continue to happen in the fintech industry with each passing day. We can see how much this industry has developed and grown as new ideas are given a chance and investments in this direction increase.

According to the research, this growth is expected to continue increasing in the coming years. Over the last decade, the FinTech industry has experienced significant growth.

The global market was valued at around $7.3 trillion in 2020 and is projected to grow at a compound annual growth rate (CAGR) of 26.87 percent up to 2026, according to Research and Markets, on the back of increased investments in technology-based solutions, supportive government regulations and the rising adoption of internet of things devices, among other factors.

As a sub term of Fintech, “B2B” translates as business to business but the term is a broad one. It is a technology designed for other financial service providers. Specifically speaking, B2B fintech most often targets a company’s CFO.

So, it is mostly related to the “CFOTech” concept. Companies often deal with problems when financial plans and strategies are required. At this point, CFOTech tries to offer financial solutions to be more transparent, sustainable, and appropriate.

Like the whole Fintech industry, the CFOTech industry is also growing year by year. According to the latest research, the CFOTech market is going to be 25.2 billion dollars in 2026.

Chief Financial Officers (CFOs)are the most senior finance position of the organization, they oversee the finance department and often are considered a trusted advisor to the Chief Executive Officer (CEO).

Today, CFOs use advanced technology while working and it opens a new door in the fintech industry. Like our company, Vteam Consultancy, many of the companies use these innovative solutions and technology together. Our new venture, Plansas, provides sophisticated solutions with CFO technologies. Plansas is an automatized SaaS platform that specializes in tailored financial solutions for startups, VCs, investors, and growth-seeking companies.

While new start-up developments are taking place in the world every day, new artificial intelligence tools are being developed to closely follow the developments.

Even using and learning these AI tools is becoming a competition for companies and increasing technological transformation. In this age of digitalization, the more closely companies follow developments, the more agile they become.

Trying to be more agile leads to an increase in the use of FinTech. By leveraging technology to automate tasks, they can deliver the same solutions for a lower price compared to traditional services.

Since the fintech industry and its sub-industries receive more investment and gain more value day by day, it also continues to create value in the industries. As the spotlight continues to be on this industry, it looks like life will get easier in the future.

Most searched questions

What is FinTech?

Can we use AI in finance sector?

Most searched queries

Chief financial officer(CFO).

Plansas

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