Understanding FinTech (In-House)

IFF - International Faculty of Finance
Training overview
Corporate / Group Training
On-site
2 days
From 2,195 GBP

Start dates
Worldwide
2,195 GBP
Inquire for more information
IFF

Course description

Understanding FinTech (In-House)

  • Identify areas where FinTech will revolutionise your banking and finance business
  • List the threats FinTech poses to the banking and financial industries
  • Recognise the biggest competitor to the financial industry
  • Gauge the regulators’ stance
  • Appreciate the changes required in the banking business model
  • Explain blockchain, cryptocurrencies and the future of currency
  • Explain the possibility of currencies existing without the involvement of a central bank
  • Identify the risks and limitations of Digital Ledger Technology (DLT)
  • Identify the threats cryptocurrencies pose to central banks
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Training content

FinTech: Technological Change

Online entry game

The 4th Industrial Revolution

  • From mechanisation to digitalisation
  • Digitalisation
  • Internet
  • Speed of disruption
  • Exercise

The Impact of the Digital Early Birds

  • The buzz words
  • E-commerce
  • Video: Online grocery shopping
  • The sharing economy
  • Servicing the Millennia's

Growth of FinTech

  • Investor appetite
  • Revenue growth
  • The top 15 FinTech companies
  • FinTech hubs and policy support
  • Client-focused service

The Digitally Enabled Bank

  • The Bank of the Future – 24/7/365
  • Banking Millennials (Gen Y)
  • The payments technology arms race
  • The 'Wise' business case
  • The bank is an app
  • The rise of the robo private banker
  • Peer-to-peer lending & crowd funding
  • Automated hedging

The business case of Neobanks

  • N26
  • Revolut
  • Kakaobank
  • Nubank

Digitalisation of the business model

  • M-Pesa
  • Alibaba
  • Starbucks
  • Meta (Facebook)
  • Google

How to Regulate the Industry

  • Five pillars of regulation
  • Regulatory sandboxes

Big data

  • Internet of things
  • Internet of everything

EXERCISE

Exercise

Big data in banking and finance

  • Business Model Innovation
  • The goldmine of the future

From Fiat Currencies to Cryptocurrencies

  • History of the blockchain
  • The whitepaper of Satoshi Nakamoto
  • The overall principles
  • The whitepaper of Vitalik Buterin
  • Back to basics: the ledger
  • Distributed ledger technology

Cryptography and Digital Signatures

  • Encryption and decryption
  • Symmetric and asymmetric keys
  • Private and public keys
  • Cryptographic hash functions
  • Digital signature

How Blockchain Works

  • The transaction
  • The ledger
  • Third parties
  • The transaction chain
  • The blockchain
  • Bitcoin generation
  • Transaction fees
  • Transaction speed

Blockchain Demo

  • The hash
  • The block
  • Mining
  • The blockchain
  • The distributed blockchain
  • The tokens
  • Coinbase transactions

Mining

  • Validation
  • Verification
  • Rewards

Different Miners

  • Iceland
  • USA

Validation methods

  • Proof of works
  • Proof of stake
  • Proof of history

Security issues

  • Cryptographic hash
  • Managing more than 50% of CPU's
  • Double spending
  • End of chain instability
  • Time to transact

Deflationary nature

  • Next generation
  • Litecoin
  • Ethereum
  • Cardano
  • Solana
  • Ripple
  • Central Bank Digital Currency
  • Non-fungible tokens
  • Decent

Setting up your own Cryptocurrency Account

  • Choosing the currency
  • Choosing the type of wallet
  • Choosing the wallet provider

Exercise

  • Setting up your own wallet
  • Transferring to your peer
  • Time to transact
  • Transaction costs

About IFF

International Faculty of Finance - IFF Finance & IFE Energy - Specialist Training Courses

As one of the world's leading specialist financial training organisations, The International Faculty of Finance, provides participants in the global financial markets with intensive technical training programmes designed to help them succeed on the global stage.  Established in 1991 we...


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IFF - International Faculty of Finance


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