The rise of Financial Technology (FinTech) has profound implications not only for financial services organisations, but also for the broader real economy, particularly in developing nations. In addition to the potential to significantly improve financial inclusion by drastically reducing transaction costs, technologies such as blockchain, AI and Big Data could also facilitate new microeconomies that are not currently feasible with existing currency and banking systems.
This programme will equip delegates with a working understanding of the mechanics of FinTech payment systems, blockchain and cryptocurrencies. The course looks at a number of FinTech and blockchain use cases, including domestic and cross-border payments and transfers, Trade Finance and peer-to-peer lending. The practicalities for a successful roll-out of FinTech systems are also reviewed through relevant case studies, including the requirement in some retail applications for local presence via agents (cf. M-PESA) and discusses the subtle, but critically important, nuances of digital currency, mobile money, mobile wallets and cryptocurrencies and how these compare to conventional monetary systems.
The programme also reviews the principal cryptocurrencies and their underlying blockchain or other architectures and features including Bitcoin, Ethereum, Ripple and Hyperledger as well as Facebook’s Libra.
On completion, you will be able to:
- Appreciate the current and future impact of FinTech and blockchain systems
- Understand the technologies that comprise FinTech
- Analyse potential socio-economic benefits and risks
- Appreciate regulatory barriers to FinTech and blockchain evolution
- Distinguish between key concepts such as mobile money and digital currency
- Appreciate the nature of, and risks relating to, cryptocurrencies
- FinTech and its disruptive potential
- Key technologies underlying FinTech and blockchain
- Principal current and future use cases for FinTech
- The evolving landscape of digitised currencies and related data
- Major cryptocurrencies and blockchain architectures
- Special focus on Facebook’s Libra announcement and the ensuing “techlash”
All courses will be conducted entirely in English. A proficient level of both spoken and written English is required by all delegates so that they are able to fully benefit from the course and participate in our interactive style of training.