CFBCertificate in Fintech and Blockchain – A Practical Guidance in Cryptocurrencies, Bitcoins and Global Markets
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Course Overview
Financial institutions are getting more than comfortable partnering with, and in many ways acting like FinTech’s. More and more we see banks digitizing processes, leveraging and making decisions based on data and analytics. They increasingly focus on consumer experiences that extend beyond web and mobile devices.
Financial firms are leveraging innovative and potentially disruptive technologies to improve efficiency, reduce costs, increase security, enhance revenue and facilitate regulatory compliance. They are actively participating in industry working groups to figure out how they can make the best use of technology, and ensure their implementations comply with regulations.
The course is highly interactive and utilizes the latest video presentations, example, group activities and discussions as well as a group competition to reinforce the learning
Financial firms are leveraging innovative and potentially disruptive technologies to improve efficiency, reduce costs, increase security, enhance revenue and facilitate regulatory compliance. They are actively participating in industry working groups to figure out how they can make the best use of technology, and ensure their implementations comply with regulations.
The course is highly interactive and utilizes the latest video presentations, example, group activities and discussions as well as a group competition to reinforce the learning
Key Takeaways
1
Develop a working knowledge about the Global Financial Markets, and the way that they operate, to be able to effectively communicate with Financial Services clients.
2
Understand the way that Financial Services has been changed and re-shaped by technology. We are not just looking at today but understanding the wider picture and how technology will evolve in the age of “digital economies”.
3
Blockchain technologies are changing the World. This course looks at the difference between permissioned and private Blockchains, both in terms of the technology employed, but also how it will impact in the future.
4
ABER the Saudi/UAE Central Bank Crypto Currency (CBCC) will be looked at and discussed, including the differences between the IBM Hyperledger and the Ethereum Blockchain
5
Crypto Currency is a minefield. We will unravel the mysteries in this area and take a hard, objective look at where we are now and what will happen in the future. Will it be Bitcoin or Fedcoin?
National Association of State Boards of Accountancy
LEORON Professional Development Institute DMCC is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.NASBARegistry.org
Course Outline
Part 1
Technical Innovation in Financial Services: Why this is happening and what technologies are employed?
Global Financial Markets
→ The Evolution of Business – a Historical Overview
→ International Capital markets – structure and inter-relationships
→ What is “Normal” and will we see normal again?
→ World Economic Outlook 2019
Why Regulation is Critical
→ Why regulation is critical – Basel 1V, MIFID 11, Dodd Frank, EMIR
→ Market Regulatory Initiatives
→ RegTech and “the regulatory sandbox”
→ The European Banking Authority (EBA) initiative
• The EBA Knowledge Hub
The Technology
→ Cloud Computing
→ Big Data and Analytics
→ Artificial Intelligence (AI)
→ Cognitive computing
→ Quantum computing
→ Robotic Process Automation (RPA)
→ The Internet of Things (IOT)
Presentation: Watson IOT Munich
→ Ubiquitous computing
→ Cyber Crime
→ Distributed Ledger Technology (DLT) – Blockchain
Video presentation: Blockchain Explained
Technology impact on Financial Services
→ Market Participants (buy-side and sell-side)
→ The Exchanges – multi-asset class trading venues
→ Who is driving the change?
→ What corporate clients want and expect?
→ Asset tokenisation
→ Clearing Houses – LCH, DTCC, clearing, settlement, STP
Case Study: the London Stock Exchange (LSE)
FinTech and “disruptive innovation”
→ FinTech’s from competitor to collaborator
→ Banking technology
→ The payments revolution
→ Blockchain/smart contracts
Case study: trade finance and supply chain management
Group case Study: What challenges and risks do financial institutions face with emerging technologies and Regulation?
→ The Evolution of Business – a Historical Overview
→ International Capital markets – structure and inter-relationships
→ What is “Normal” and will we see normal again?
→ World Economic Outlook 2019
Why Regulation is Critical
→ Why regulation is critical – Basel 1V, MIFID 11, Dodd Frank, EMIR
→ Market Regulatory Initiatives
→ RegTech and “the regulatory sandbox”
→ The European Banking Authority (EBA) initiative
• The EBA Knowledge Hub
The Technology
→ Cloud Computing
→ Big Data and Analytics
→ Artificial Intelligence (AI)
→ Cognitive computing
→ Quantum computing
→ Robotic Process Automation (RPA)
→ The Internet of Things (IOT)
Presentation: Watson IOT Munich
→ Ubiquitous computing
→ Cyber Crime
→ Distributed Ledger Technology (DLT) – Blockchain
Video presentation: Blockchain Explained
Technology impact on Financial Services
→ Market Participants (buy-side and sell-side)
→ The Exchanges – multi-asset class trading venues
→ Who is driving the change?
→ What corporate clients want and expect?
→ Asset tokenisation
→ Clearing Houses – LCH, DTCC, clearing, settlement, STP
Case Study: the London Stock Exchange (LSE)
FinTech and “disruptive innovation”
→ FinTech’s from competitor to collaborator
→ Banking technology
→ The payments revolution
→ Blockchain/smart contracts
Case study: trade finance and supply chain management
Group case Study: What challenges and risks do financial institutions face with emerging technologies and Regulation?
Part 2
Bitcoin and the Blockchain
Blockchain and Cryptocurrencies
→ History of the blockchain
→ The whitepaper of Satoshi Nakamoto
→ The overall principles
→ Is Bitcoin a Bubble
→ The rise and fall of asset bubbles
How Does the Blockchain Work?
→ Back to basics: the ledger
→ The transaction chain
→ The blockchain
→ Bitcoin generation and mining
→ Transaction fees/Transaction speed
Blockchain Simply Explained
→ The hash
→ The block
→ The tokens
→ The blockchain
→ The distributed blockchain P2P
Video: How does a Blockchain work
Cryptography, Digital Signatures and Security Issues
→ Cryptographic hash
→ Digital signatures
→ Double spending
→ Private and public keys
Virtual Wallets – Hot and Cold wallets
Applications of the Digital Ledger Technology
→ Payments/Trade Finance/ Supply chain Finance
→ Digitalization of assets
→ Digitalization of contracts
→ Non-Financial Use of Blockchain
Video: IBM and Maersk. The impact on Global Trade
Understanding Blockchain Frameworks
→ Ethereum vs IBM Hyperledger – the key differences
→ Infrastructure vs Applications
→ TestNet’s and simulators
Crypto Currencies: New forms of Cash
→ Cryptocurrency vs Central Bank Cryptocurrency (CBCC)
→ The Money Flower
→ Central Bank Initiatives
Cryptocurrencies (Exercise)
→ List of cryptocurrencies
→ Types of cryptocurrencies
→ Regulated vs. unregulated cryptocurrencies
Cryptocurrency: Where are we now?
→ Bitcoin vs Ethereum
→ The DAO Hack. “It’s like stealing the Mona Lisa”
Group Discussion: Aber/Libra/ Bitcoin/Fedcoin?
→ History of the blockchain
→ The whitepaper of Satoshi Nakamoto
→ The overall principles
→ Is Bitcoin a Bubble
→ The rise and fall of asset bubbles
How Does the Blockchain Work?
→ Back to basics: the ledger
→ The transaction chain
→ The blockchain
→ Bitcoin generation and mining
→ Transaction fees/Transaction speed
Blockchain Simply Explained
→ The hash
→ The block
→ The tokens
→ The blockchain
→ The distributed blockchain P2P
Video: How does a Blockchain work
Cryptography, Digital Signatures and Security Issues
→ Cryptographic hash
→ Digital signatures
→ Double spending
→ Private and public keys
Virtual Wallets – Hot and Cold wallets
Applications of the Digital Ledger Technology
→ Payments/Trade Finance/ Supply chain Finance
→ Digitalization of assets
→ Digitalization of contracts
→ Non-Financial Use of Blockchain
Video: IBM and Maersk. The impact on Global Trade
Understanding Blockchain Frameworks
→ Ethereum vs IBM Hyperledger – the key differences
→ Infrastructure vs Applications
→ TestNet’s and simulators
Crypto Currencies: New forms of Cash
→ Cryptocurrency vs Central Bank Cryptocurrency (CBCC)
→ The Money Flower
→ Central Bank Initiatives
Cryptocurrencies (Exercise)
→ List of cryptocurrencies
→ Types of cryptocurrencies
→ Regulated vs. unregulated cryptocurrencies
Cryptocurrency: Where are we now?
→ Bitcoin vs Ethereum
→ The DAO Hack. “It’s like stealing the Mona Lisa”
Group Discussion: Aber/Libra/ Bitcoin/Fedcoin?
Part 3
Technology Implementation in Financial Services: What areas in Financial Services are affected, why, how and in what order?
Retail, Investment and Commercial Banking – areas of impact
Retail Banking
→ The key drivers and pressures - branches, ATMs, call centres
→ Open Banking, Digital Banking – challenger banks
→ IT spending, trends and opportunities
Retail banking sector overview
→ How has retail banking changed?
• Banks – now and pre-crisis
→ Financial performance – now and precrisis
→ Problems:
• Ancient legacy systems
• Banking collapses, regulatory pressures, Equity ROE
• Miss-selling: loss of client trust
Key business and technology drivers of change
→ Branch, ATM and call centre
→ Mobile Banking
→ Near Field Communication (NFC)
→ B2C and B2B solutions
Technology drivers
→ Payment services & standards
→ Blockchain, AI & Robotics, Social Media, Voice
Competition drivers
→ Fintech: Competition or Collaboration?
→ GAFA (Google, Amazon, Facebook, Apple)
→ Challenger banks:
• Open banking
• Shadow Banking
• P2P lending
• Virtual currencies
→ Big Tech, Bank Tech of FinTech
Group Discussion: Opportunities disruption could provide?
Commercial Banking
→ Treasury Management Systems (TMS)
→ Transactional banking vs relationship banking
→ Biometrics, AI, API’s, E-payables
→ Expense Management Systems (EMS)
Corporate Finance
→ Why corporate finance lags retail banking?
→ Primary equity and debt financing and advisory businesses.
→ What dealmakers want?
Wealth and Asset Management
→ Back Office functionality
→ Regulatory disclosures and reporting
→ The growth of Robo Advisors
→ Robotics and Cognitive Automation (RCA)
→ Six solutions for future growth
→ Digital enabled distribution
Blockchain user cases
Banks of the Future
→ Challenges for Investment Banks
→ Investment Banking – 4 key technologies
1. Data & Analytics
2. Cloud Computing
3. Artificial Intelligence (AI)
4. Distributed Ledger Technologies (DLT)
Technology Implementation
→ What are the implementation priorities for each technology?
→ What drives the adoption of Technology?
→ The Investment Bank Value chain.
• Trading and Sales
• Post trade
• Risk, compliance, finance,
• Information Technology
→ 3rd Party Opportunities in BankingTechnology and Infrastructure
8 Principles for the Investment Bank of the Future
The Future
→ Smart Economies
→ Digital Society
→ It’s all about Speed
Example. Estonia: A digital Society
Q&A and Closing Competition
Course conclusion
Retail Banking
→ The key drivers and pressures - branches, ATMs, call centres
→ Open Banking, Digital Banking – challenger banks
→ IT spending, trends and opportunities
Retail banking sector overview
→ How has retail banking changed?
• Banks – now and pre-crisis
→ Financial performance – now and precrisis
→ Problems:
• Ancient legacy systems
• Banking collapses, regulatory pressures, Equity ROE
• Miss-selling: loss of client trust
Key business and technology drivers of change
→ Branch, ATM and call centre
→ Mobile Banking
→ Near Field Communication (NFC)
→ B2C and B2B solutions
Technology drivers
→ Payment services & standards
→ Blockchain, AI & Robotics, Social Media, Voice
Competition drivers
→ Fintech: Competition or Collaboration?
→ GAFA (Google, Amazon, Facebook, Apple)
→ Challenger banks:
• Open banking
• Shadow Banking
• P2P lending
• Virtual currencies
→ Big Tech, Bank Tech of FinTech
Group Discussion: Opportunities disruption could provide?
Commercial Banking
→ Treasury Management Systems (TMS)
→ Transactional banking vs relationship banking
→ Biometrics, AI, API’s, E-payables
→ Expense Management Systems (EMS)
Corporate Finance
→ Why corporate finance lags retail banking?
→ Primary equity and debt financing and advisory businesses.
→ What dealmakers want?
Wealth and Asset Management
→ Back Office functionality
→ Regulatory disclosures and reporting
→ The growth of Robo Advisors
→ Robotics and Cognitive Automation (RCA)
→ Six solutions for future growth
→ Digital enabled distribution
Blockchain user cases
Banks of the Future
→ Challenges for Investment Banks
→ Investment Banking – 4 key technologies
1. Data & Analytics
2. Cloud Computing
3. Artificial Intelligence (AI)
4. Distributed Ledger Technologies (DLT)
Technology Implementation
→ What are the implementation priorities for each technology?
→ What drives the adoption of Technology?
→ The Investment Bank Value chain.
• Trading and Sales
• Post trade
• Risk, compliance, finance,
• Information Technology
→ 3rd Party Opportunities in BankingTechnology and Infrastructure
8 Principles for the Investment Bank of the Future
The Future
→ Smart Economies
→ Digital Society
→ It’s all about Speed
Example. Estonia: A digital Society
Q&A and Closing Competition
Course conclusion
Who Should Attend?
This highly practical and interactive course has been specifically designed for
IT & Corporate Project Managers
Business Development Professionals
Sales/technical advisors
mid/senior level managers
investment managers, corporate professionals with limited technological background.
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FAQ
What language will the course be taught in and what level of English do I need to take part in an LEORON training program?
Most of our public courses are delivered in English language. You need to be proficient in English to be able to fully participate in the workshop and network with other delegates. For in-house courses we have the capability to train in Arabic, Dutch, German and Portuguese.
Are LEORON Public courses certified by an official body/organization?
LEORON Institute partners with 20+ international bodies and associations.We also award continuing professional development credits (CPE/PDUs) for:1. NASBA (National Association of State Boards of Accountancy) 2. Project Management Institute PDUs 3. CISI credits 4. GARP credits 5. HRCI recertification credits 6. SHRM recertification credits
What is the deadline for registering to a public course?
The deadline to register for a public course is 14 days before the course starts. Kindly note that occasionally we do accept late registrations as well, but this needs to be confirmed with the project manager of the training program or with our registration desk that can be reached at +1071 4 1075 5711 or register@leoron.com.
What does the course fee cover?
The course fee covers a premium training experience in a 5-star hotel, learning materials, lunches & refreshments, and for some courses, the certification fee and membership with the accrediting bodies.
Does LEORON give discounts?
Yes, we can provide discounts for group bookings. If you would like to discuss a discount on a corporate level, we will be happy to talk to you.