Fintechs, Jobs, Jobs, Passive Income, Personal Finance

Digital Banking Internships

on

    More in Fintechs:

    In the rapidly evolving world of finance, digital banking stands at the forefront of innovation. As traditional banking systems adapt to new technological advancements, digital banking transforms how we manage and interact with our money. From seamless online transactions to sophisticated mobile banking apps, the digital revolution offers unparalleled convenience and efficiency.

    In this article, we`ll look at different digital banking internships that finance students looking for fintech jobs or internships can set their eyes on or apply (if their dates haven`t run out yet).

    What is Digital Banking?

    Digital banking refers to the digitization of all traditional banking activities and programs that historically were only available to customers when physically inside a bank branch. This includes activities like money deposits, withdrawals, and transfers, checking and savings account management, applying for financial products, loan management, and payment processing. Digital banking is made possible through the Internet, mobile applications, and digital platforms, offering customers convenience and efficiency.

    In the context of emerging fintech jobs, digital banking is at the forefront, providing numerous opportunities for innovation and career growth within the financial technology sector.

    Exploring Digital Banking Internships for Students

    As the digital banking landscape continues to grow, internships in this field are becoming essential for students aiming to enter the industry. These internships provide valuable hands-on experience and insights into the digital transformation of financial services. For students eager to start their careers in digital banking, here are some notable internship opportunities to consider:

    Deutsche Bank Internship Programme Overview

    The Deutsche Bank Internship Programme is designed to develop your skills for a future in fintech jobs through formal training and continuous support. Interns are assigned to various business divisions and infrastructure areas, engaging in real projects and receiving mentorship from experienced professionals. Key components of the programme include:

    • Buddy & Mentor Scheme: Each intern is paired with a buddy and mentor for guidance and support.
    • Networking & Social Events: Opportunities to connect with peers and colleagues.
    • Induction and Training: Comprehensive introduction to the bank’s structure, values, and culture, along with professional skills and divisional training.
    • Pre-Programme Community App: Early access to resources and updates to prepare for the internship.

    To be eligible, candidates must be in their penultimate year of study and have less than 12 months of full-time work experience.

    For more details about Deutsche bank fintech jobs and internships, visit the Deutsche Bank Internship Programme page.

    Standard Bank Digital Banking Internships (South Africa)

    Standard Bank’s internship program offers young professionals a chance to gain practical experience and develop their skills for a future in fintech jobs. These internships, lasting from 12 to 18 months, include roles in areas such as digital marketing, social media, content creation, and technology (Salesforce, Cloud Computing, and Automation Engineering). Interns receive coaching, a monthly stipend, and work on real projects that contribute to the bank’s mission.

    Eligibility:

    • South African citizen aged 18-30
    • Fluent in English and computer literate
    • Not permanently employed or studying elsewhere

    Applications open from 1 to 30 October 2024.

    For more details about Standard bank fintech jobs and internships, visit the Standard Bank Internship page.

    Scotiabank Digital Banking Internships and Co-op Placements (US)

    Scotiabank offers internships and co-op placements in its Digital Banking group, targeting areas like Innovation, Product Engineering, Agile, Customer Experience, and Digital Banking Operations. These are areas that are highly important for future fintech jobs.

    This internship is available for undergraduate, Masters, and MBA students, these roles span the fall, winter, and summer terms. Interns get hands-on experience, participate in a bank-wide orientation, and enjoy social events and skill-building modules.

    Eligibility:

    • University students in STEM or related fields
    • Formal co-op program participants or self-arranged internships
    • Creative, adaptable problem-solvers

    For more information about Scotiabank fintech jobs and internships, visit the Scotiabank Digital Banking Internships page.

    HSBC Digital Innovation Internship Overview (China)

    HSBC’s Digital Innovation Internship is an excellent opportunity for students passionate about technology and finance. This internship focuses on leveraging cutting-edge technology to solve global-scale problems and enhance customer experiences.

    Program Structure:

    Interns can choose from three core streams: Engineering, Cyber, and Data. The program includes a specialized induction to HSBC’s technologies and how they drive the future of banking. Interns work on real business problems, collaborating with specialists to develop innovative products and services.

    Interns will gain hands-on experience in areas like Artificial Intelligence, Machine Learning, Metaverse, Quantum Computing, Digital Trust, and more. The program emphasizes continuous learning, communication, and collaboration skills.

    Eligibility and Application:

    • Penultimate year undergraduates
    • Duration: 8-10 weeks
    • Start Date: July 2024
    • Location: Mainland China (Xi’an)
    • Requirements: 3.0 GPA in China or 2:1 equivalent degree, fluent in English and Mandarin, legally permitted to work in mainland China

    Support and Development:

    Interns receive guidance from a Grad Coach and Program Specialists. They are involved in business-critical projects and have opportunities for professional growth and networking.

    For more details about HSBC China fintech jobs and internships, visit the HSBC Digital Innovation Internship page.

    This one has already closed but you can mark it down for next year if you are in China and interested for this internship.

    Deloitte Digital Banking Internship Overview (Luxembourg)

    Deloitte’s Digital Banking Internship offers a unique opportunity to work with the Industry Solutions Digital Banking Team in Luxembourg. This internship is designed for students eager to gain hands-on experience in digital banking solutions and transformation programs for future fintech jobs.

    Your Role:

    • Collaborate with senior experts on thought leadership topics.
    • Support innovation and market research initiatives.
    • Participate in feasibility studies and ideation sessions.
    • Analyze and optimize digitalization processes.
    • Develop and test functional designs for business solutions.
    • Engage in application building, testing, and deployment.

    Skills Required:

    • Enrolled in a Master’s program in business administration, finance, IT, or computer science.
    • Proactive, dynamic, and client-oriented.
    • Strong interest in digital and technology.
    • Fluent in English; French or German is a plus.

    Application Information:

    Although the application deadline for this year has passed, interested students should keep an eye out for next year’s opportunities.

    For more details about Deloitte fintech jobs and internships, visit the Deloitte Luxembourg Internship page.

    Digital Banking Internships Comparison Chart

     

    InternshipLocationDurationKey FeaturesEligibilityApplication PeriodMore Information
    Deutsche BankVarious8-10 weeksBuddy & Mentor Scheme, Networking & Social Events, Induction and TrainingPenultimate year students, <12 months full-time workCheck the website for detailsDeutsche Bank Internship
    Standard BankSouth Africa12-18 monthsRoles in digital marketing, social media, content creation, technologySA citizens aged 18-30, Fluent in English, Not employed1 to 30 October 2024Standard Bank Internship
    ScotiabankUSFall, Winter, SummerInnovation, Product Engineering, Agile, Customer Experience, Digital Banking OperationsUniversity students in STEM or related fieldsVaries by termScotiabank Internships
    HSBCXi’an, China8-10 weeksStreams in Engineering, Cyber, Data, AI, Machine Learning, Metaverse, Quantum ComputingPenultimate year undergraduates, 3.0 GPA, Fluent in English and Mandarin, Legally permitted to work in ChinaStart July 2024HSBC Digital Innovation Internship
    DeloitteLuxembourg8-10 weeksCollaborate with senior experts, support innovation, market research, analyze and optimize processesEnrolled in a Master’s in business, finance, IT, or CS, Fluent in EnglishCheck the website for detailsDeloitte Digital Banking Internship

     

    Conclusion

    Digital banking internships offer invaluable opportunities for students to gain practical experience and insights into the rapidly evolving world of finance. These programs not only provide hands-on exposure to the latest technological advancements but also help students build a solid foundation for their careers in fintech jobs. By participating in these internships, students can develop essential skills, network with industry professionals, and significantly enhance their employability in the competitive fintech jobs sector.

    Keep an eye on the application deadlines and prepare to embark on a rewarding journey into the future of banking.

     

    PostAd_coinrule_banner728x90

    Comments are closed.

    S64 and Invesco launch new European real estate fund for Private Wealth channel

    2024-09-17T08:00:00Z

    LONDON, Sept. 17, 2024 (GLOBE NEWSWIRE) -- S64, the global alternative investments fintech and solutions partner to the wealth management industry, and Invesco Asset Management Limited (Invesco), the US$1.7 trillion global investment management firm, have announced a partnership to broaden access to Invesco Real Estate’s European III Fund to the wealth management industry in Europe and Asia.

    The new European Real Estate III Feeder Fund (Europe III Feeder) invests in Invesco’s dedicated value-add and opportunistic strategy – Invesco Real Estate Europe III (Europe III). The Europe III Feeder follows Invesco’s focus on enabling High Net Worth investors to invest in institutional quality real estate targeting high returns through an innovative digital distribution platform built by S64.

    The Europe III Fund seeks to capitalise on an attractive entry point to fundamental, long-term value creation. The fund held its first close with EUR 400m, and is targeting up to EUR 1 billion of investor commitments, as it builds on Invesco Real Estate’s European value-add track record and the success of two previous funds. Overall, the value-add strategies have completed 39 investments across six sectors in 10 countries, with 21 realised investments delivering a 35% gross IRR and 1.7x gross EM.1 Consistent with Invesco’s ESG principles, more than 80% of the invested capital from the last two capital raises has been allocated to investments achieving high ESG certifications.”

    Simon Redman, Managing Director – Head of Wealth and DC at Invesco Real Estate commented: “We are delighted to be partnering with S64 to bring the Europe III Feeder to private wealth investors. In Europe, there is a disconnect between two cycles — the traditional real estate cycle linked to fundamentals, which remains on a sound footing, and the capital markets cycle which is driven by sharply higher interest rates and a lack of liquidity. We believe the resulting pricing correction has created a buying opportunity for investors able to see through the short-term noise.”

    Tarun Nagpal, Founder and CEO of S64, commented: “We are proud to be partnering with a global investment leader such as Invesco to support the delivery of the Invesco Real Estate Europe III to the wealth management industry in Europe and Asia. This partnership signals the latest step in the evolution of private markets as S64’s market-leading product manufacturing capabilities and cutting-edge technology platform is fused with Invesco’s asset management capabilities to optimize access for private wealth clients looking to invest in alternatives.”

    Notes to Editors

    About Invesco Ltd.

    Invesco Ltd. (Ticker NYSE: IVZ) is a global independent investment management firm dedicated to delivering an investment experience that helps people get more out of life. With offices in more than 20 countries, our distinctive investment teams deliver a comprehensive range of active, passive and alternative investment capabilities. Invesco managed USD 1.7 trillion in assets on behalf of clients worldwide as of 30 June 2024. For more information, visit www.invesco.com/corporate.

    About Invesco Real Estate

    Invesco Real Estate is a global leader in the real estate investment management business with EUR 82.5 billion in real estate assets under management, 613 employees and 21 regional offices across the U.S., Europe and Asia. Invesco Real Estate has a 40-year investment history and has been actively investing across the risk-return spectrum, from core to opportunistic, in equity and debt real estate strategies, and in direct and listed real estate for its c.500 institutional client relationships during this time. In Europe, Invesco Real Estate has eight offices in London, Munich, Milan, Madrid, Paris, Prague, Luxembourg and Warsaw, and 188 employees. It manages 208 assets across 14 European countries and with assets under management of EUR 15.4 billion. The team has a strong track record across all the commercial sectors, hotels and residential sectors. Source: Invesco Real Estate as at 31 December 2023.

    About S64

    S64 is a leading global alternatives and technology solutions business bridging the opportunity in private markets. It works with the world’s first-class asset managers and private banks across private equity, credit, real estate, infrastructure and impact to develop innovative solutions for private banks and wealth managers.

    S64 is the trusted partner to the world's leading GPs, asset managers, and private banks in EMEA and APAC who rely on S64's cutting-edge technology and unrivalled product manufacturing capabilities to unlock access to private markets. As the pioneering manufacturer of retail access solutions such as ELTIFs, LTAFs and evergreen semi-liquid funds, feeders and securitised solutions, S64 sits at the forefront of innovation in private markets for private wealth. 

    S64’s innovative technology platform offers the full lifecycle management of alternative assets — from structuring and distribution to financing, as well as secondary market capabilities meeting complex regulatory and cross border jurisdictional requirements across Europe and Asia.

    Its team draws on an award-winning legacy in fund and product solutions, digital innovation and international distribution, having pioneered alternative investment platforms for more than a decade.

    As the leading manufacturer of evergreen semi-liquid funds, ELTIFs and feeders, S64 is trusted to deliver products, solutions and market leading technology to the world’s leading GPs, asset managers, and private banks.

    Press contact:
    Invesco Real Estate
    Hugh Fasken
    Senior Director, Citigate Dewe Rogerson
    Tel.: +44 (0)20 7025 6435
    Email: hugh.fasken@citigatedewerogerson.com

    Press Contact:
    S64
    Michael Mpofu
    Director, Citigate Dewe Rogerson
    Tele: +44 (0)79 326 81947
    Email: Michael.mpofu@citigatedewerogerson.com

    Risk warnings
    For complete information on risks, refer to the legal documents. The value of investments and any income will fluctuate (this may partly be the result of exchange rate fluctuations) and investors may not get back the full amount invested.

    Real estate investments can be illiquid and difficult to sell, and the fund may not be able to sell its assets when desired and at the intended price.
    The value of the investments is generally determined by an independent valuer’s opinion and may not be realizeable. The value of real estate loans may be significantly influenced by the value of the underlying real estate. Real estate investments are generally not listed on any market and need to be valued via the application of appropriate models (potentially applied by independent experts): this may lead to valuations which may not be reflected in transaction prices.
    Changes in market rents, net operating incomes, interest rates, FX rates, market trends and general economic conditions may result in fluctuations of the value of the assets, of the relevant portfolio and of the level of cash-flows generated by the fund's portfolio; fixed-rate loans with long maturities are more exposed to value fluctuations in reaction to interest rates' movements.
    The fund may use derivatives and borrowings, which may result in the fund being significantly leveraged and may result in large fluctuations in the value of the invested capital.
    Real estate investments and portfolios are exposed to counterparty risk, which is the risk that a counterparty is unable to deal with its obligations.
    Real estate loans are exposed to credit risk which is the risk of inability of the borrower to repay the interest and capital on the scheduled dates and at maturity. Loans or loans’ tranches with lower seniority (mezzanine, junior) bear a higher credit risk as those loans sit behind more senior ones in the repayment queue; the risk may be exacerbated in times of stress and in case of underperforming loans. Loans with high loan to value ratios (LTVs) or those secured on development assets are generally viewed as more risky than those with low LTVs or those secured on income-generating assets. Commercial mortgage lending is generally viewed as greater risk than residential mortgage lending since the repayment typically depends upon the successful operation of the underlying properties.
    Real estate investments can be exposed to sustainability-related regulatory requirements and trends that may negatively affect the value of investments which are not compliant. This may lead to a requirement for significant capital expenditure in order to meet mandated standards or characteristics.
    In addition, real estate investments can be also significantly exposed to negative economic effects stemming from climate change, natural disasters and the general investors' preference for assets with better sustainability features.
    Real estate investments are labour-intensive and require a significant amount of human/manual input and activities, and may therefore be exposed to several types of operational risk that may affect activities such as administration, operations, reporting obligations and many others.
    On top of typical real estate related risks, investments in real estate operating companies and in real estate platforms may embed governance and business risks that, if materialized, may negatively affect the value of the investments and the cash-flows generated.

    Important information about Invesco Real Estate Europe III
    This marketing communication is for trade press only. By accepting this document, you consent to communicate with us in English, unless you inform us otherwise.
    Data as of 1st July 2024 unless otherwise stated.

    This is marketing material and not financial advice. It is not intended as a recommendation to buy or sell any particular asset class, security or strategy. Regulatory requirements that require impartiality of investment/investment strategy recommendations are therefore not applicable nor are any prohibitions to trade before publication. Views and opinions are based on current market conditions and are subject to change.

    For more information on our funds and the relevant risks, please refer to the Offering Memorandum, the Annual or Interim Reports, and constituent documents (all available in English). These documents are available from your local Invesco office. The management company may terminate marketing arrangements.

    Any investment decision should take into account all the characteristics of the fund as described in the legal documents. For sustainability related aspects, please refer to www.invesco.com/emea/en/invesco-real-estate-management.html

    Marketing of the fund in the EEA is permitted to Professional Clients only. The fund is a dedicated Luxembourg closed-ended unregulated fund. It qualifies as an alternative investment fund (AIF) managed by Invesco Real Estate Management S.à r.l. as external alternative investment fund manager (AIFM).

    This document is issued in Austria, Denmark, Finland, Germany, Italy, The Netherlands, Spain, United Kingdom, Sweden by: Invesco Real Estate Management S.a.r.l., President Building, 37A Avenue JF Kennedy, L - 1855 Luxembourg, regulated by the Commission de Surveillance du Secteur Financier, Luxembourg.

    EMEA 3802870/2024

    1 27% net IRR (Internal Rate of Return) and 1.5x net EM (Equity Multiple). Source: Invesco Real Estate as of 31 March 2024. Past Performance does not predict future returns.


    GlobeNewsWire News

    Recent Comments