Blockchain Technology – A guide for the non IT specialist

This course can also be presented in-house via live webinar.

Blockchain Course Objectives:

Participants will:

  • Be introduced to the existing payments and money transmission processes
  • Get an overview of the role of financial institutions in the economy and ther role of clearing banks
  • Have explained to them the existing financial crime prevention practices and effectiveness of KYC Policies
  • Gain an understanding of the crypto-currencies including a detailed description of Bitcoin and Blockchain
  • Get to grips with blockchain & DLT and the regulation
  • Be introduced to how might blockchain and DLT change money transmission and FCC processes

Blockchain Course Course Content:

Setting the Scene – Existing Payments and Money Transmission Processes:

  • The role of financial institutions in the economy
  • The existing payment system
  • The existing clearing system
  • The role of clearing banks
  • The role of regulators
  • Clearing cycles
  • Netting Off arrangements
  • Processing – the front, middle and back office roles
  • Straight through processing
  • The strengths and weaknesses of the present system

Case Study – an example of the existing systems

Setting the Scene – Existing Financial Crime Prevention Practices and Effectiveness of KYC Policies

  • CDD, KYC & IDV procedures
  • Sanctions & PEPS
  • Managing Methods of Money Laundering
  • Legitimate but Potentially high risk Structures
  • The strengths and weaknesses of the present system

Case Study – an example of the existing process

Crypto-currencies

  • A brief history
  • Bitcoin and Blockchain a detailed description
  • How do they work?
  • What platforms are used?
  • Who regulates them?

Blockchain & DLT

  • Distributed Ledger Technology
  • Blockchain Technology
  • Cryptography
  • Building a Blockchain
  • Using a Blockchain
  • Uses/Effects/Advantages in different sectors -private/ Govt /Para-statal Bodies
  • Best Practices Worldwide

Case Study – examples of existing DLT users

Regulation of Blockchain and DLT

  • Who regulates?
  • Bitlicense
  • IT governance
  • Public versus private ledgers
  • The strengths and weaknesses of regulation

How might Blockchain and DLT Change Money Transmission?

  • The claims
  • The possibilities
  • The threats and weaknesses
  • What is likely to happen in practice?

Case Study – examples of what changes are possible

How might Blockchain  and DLT Change FCC processes?

  • The claims
  • The possibilities
  • The threats and weaknesses
  • What is likely to happen in practice?

Case Study – examples of what changes are possible

Putting It All Together

  • What has happened so far?
  • Why has it not been implemented en-masse yet?
  • What will the next stage be?
  • What should financial institutions be doing now?
  • The future?

Background of the trainer:

Your blockchain technology training course director has spent more than 40 years in the banking and financial sector, much of it in a senior managerial/Director role. He is a former Institute of Banking Lecturer, having gained distinctions in the exams.

He is a subject matter expert on all aspects of retail, corporate and global banking, including risk management and regulatory compliance. He has lectured extensively to both leading global financial institutions and to smaller bespoke specialists. He has delivered extensive corporate finance programmes in all parts of the world including the USA, Europe, MENA, Africa and Hong Kong.

He is currently an accredited Master Trainer for Risk and FCC training at the world’s biggest global bank.

Blockchain Course Summary:

Background

Blockchain is highly secure version of Distributed Ledger Technology (DLT) and it is claimed by some very high profile supporters that it has the capacity to revolutionise the way financial institutions manage both payments and their FCC obligations. Blockchain technology supporters talk in terms of “world changing” possibilities whereas its critics are unconvinced that “secure” is really possible in the light of the numerous cyber breaches that have taken place recently. Is Blockchain the answer?

This interactive blockchain course describes both Blockchain and DLT in language that the non-IT specialist can understand. It covers the topics in detail and offers a balanced and measured description of the possibilities on offer.

Who Should Attend:

Colleagues from both financial and non-financial industries seeking  to understand the subject in greater detail and wanting to be able to debate with either enthusiastic or cynical colleagues the merits of this “new frontier” technology.

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