Blockchain & Crossborder Payment

Service Description

Who Should Attend This course is intended for but not limited to the following job roles: • Finance Professionals • Entrepreneurs • Aspiring PMEs • Anyone who is keen to explore more about blockchain technology and how it will disrupt cross border payments as an example Course Overview Concerns with traditional cross-border payments stem from the high number of intermediaries in the form of correspondent banks that are involved in processing a transaction. Each additional intermediary drives up the processing fee, increases the number of failure points, increasing the risk of fraud somewhere along the payment pathway. This course explores how blockchain technology can help to enhance this model through insightful sharing, real world case studies and interactive activities at the same time introducing Blockchain technology use cases and benefits for the financial industry, specifically for cross border payments. Course Objective After completing this course, participants will be able to: • Understand the fundamentals of blockchain technology and its key utility and benefits • Learn about the real-world utility value of blockchain technology and its potential in growing and evolving the financial industry, specifically in facilitating cross border payment through case studies • Explore blockchain technology opportunities and business scenarios for the cross-border payments industry through interactive role-playing activities Course Outline What is Blockchain Technology • Clearing common misconceptions: Blockchain = Bitcoin = Cryptocurrency? • Introduction to blockchain technology and its use cases • Introduction to cryptocurrencies and its use cases Is the payments industry ripe for disruption? • Current situation in the payments industry • Landscape of cross-border payments • Real life case studies examples (cross border payments industry players) • Problems and limitations Why blockchain technology makes sense for the payments industry • How the features of blockchain technology can enhance the current system • Benefits of utilizing blockchain technology How blockchain technology can be used for the payments industry • Real life case studies (payments industry players utilizing blockchain industry and new startup players) • Reach and limitations of blockchain applications What the future holds • The future for blockchain technology and the payments industry • Trends and predictions