Fintech Boom Scales FRM Opportunities

Fintech is a potential space where innovation is happening at its best. But financial regulators are grappling to manage potential risks that are arising out of these rapid innovation trends. This gives a very good reason for expert FRM professionals to position themselves for ground-breaking careers in an ever-evolving fintech environment. Most students and working professionals get extremely anxious about whether they can find career opportunities in an economic turmoil where the inflation rates are spiraling and recession is looming on the horizon. But actually, these adversities are one big opportunity for risk management professionals to bring out their value to the limelight. 

It cannot be assumed that financial regulators are alone at risk of striking a perfect balance between regulation and innovation but also innovators! So the success of the future of finance depends on both. And what makes innovation align with regulation without coming down hard on each other is the emergence of executive and domain-expert certifications offered by edtechs in India. Understanding the critical importance of innovation and regulation and enabling their success from potential risks and threats, many edtechs have signed academic partnerships with leading risk management institutes to offer new-age FRM courses and certificates to enable upskilling and career progression among finance professionals. 

So what is the secret sauce to bridge the gap between finance innovation and regulation is a collaborative framework, where transparent communication is set between the innovators and regulatory bodies to achieve goals and desired business outcomes. But the imperative is who will take the lead? Regulators have not dithered about digital finance transformation as it has completely upended the way consumers access, borrow and transfer money. Instead of derailing from innovators and entrepreneurs, they have collaborated with them and encouraged them to work with oversight bodies. 

One of the key roles an FRM training offers to finance professionals is to build strategic regulatory policies that encourage digital finance revolution and innovation to maintain financial stability and retain the customer base of companies and businesses at large. The e-commerce industry is one of the growing sectors that has been severely plagued by data breaches and fraud issues. As the frauds have poured into 2022, it is expected that it would jump to $ 206 million by 2025. On the contrary, adverse fraud trends have also created opportunities for FRM professionals as the e-commerce industry is expected to grow by $ 6.5 trillion by 2030. This can be a very good reason for finance professionals to shift their gears of looking up to FRM as a launchpad for prospective opportunities. Dreaming of a two-part FRM exam is not a cakewalk, to achieve this, you can subscribe to the best and original Schweser-Miles CFA Study material to ace the dreadful financial risk management exam to gain a global FRM certification.