BLOCKCHAIN FOR CROSS BORDER PAYMENT-P190414BQC

BLOCKCHAIN FOR CROSS BORDER PAYMENT-P190414BQC

Funded
Course Duration
8.0 hr(s)
Mode of Assessment

  • Written Assessment

Who Should Attend
  • Finance Professionals
  • Entrepreneurs
  • Aspiring PMEs
  • Anyone who is keen to explore more about blockchain technology and how it will disrupt cross border payments

Course Overview

According to a recent report from US-based market research firm International Data Corporation (IDC),  global blockchain spending will account for almost $2.9 billion in 2019, which is an 88.7 percent increase from 2018. Cross border payments & settlements has been reported as the top blockchain use case that will receive the most investment ($453 million) in 2019, highlighting increasing awareness of blockchain technologys usefulness and potential for this sector.

The current cross-border payments model is ripe for disruption, with its high transaction costs and reliance on corresponding banks and partners. We explore how blockchain technology can help to enhance this model through insightful sharing, real world case studies and interactive activities.

This 1-day course will introduce you to blockchain technology use cases and benefits for the financial industry, specifically for cross border payments.

More importantly, the course will instil in you an active learning spirit, and hopefully encourage further exploration of blockchain technology and the opportunities it entails for the payments industry.

Next available schedule

Course Objectives

After completing this course, you 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

Pre-requisites

Mode of Training: Virtual Learning Class

Please take note of these admission requirements.

^Trainings will be conducted on Zoom platform, thus webcam and microphone are compulsory

  • There is no pre-requisite for this course

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 utilising 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
  • Next steps

*Class activity

To encourage active learning, the 1 day course will include class activities such as small group discussions and presentations

Certificate Obtained and Conferred by

Awarded NTUC LearningHub Certificate of Completion

Additional Details

Medium of Instruction & Trainer

Medium of Instruction: English

Trainer: Trainee Ratio is 1: 30

Price

    Course commencing before 1 July 2021 Course commencing after 1 July 2021
    (95% funded) (90% funded)
       
Full Course Fee $650.00    
Full Course Fee with GST $695.50    
Nett amount after Funding      
Singapore Citizens & Permanent Residents** Individual $34.77* $69.55*
  Corporate $78.00* $110.50*

* includes 7% GST

Eligibility

Individual:

  • Singapore Citizens or Singapore Permanent Residents physically based in Singapore
  • Trainee has to complete 100% attendance and pass all relevant assessments and examinations
  • NTUC LearningHub reserves the right to claw back the funded amount from trainee if he/she did not meet the eligibility criteria

Corporate:

  • Singapore Citizens or Singapore Permanent Residents physically based in Singapore
  • Company must be Financial Institutions regulated by MAS (licensed or exempted from licensing). FinTech firms must be certified by Singapore FinTech Association (SFA)
  • Trainee has to complete 100% attendance and pass all relevant assessments and examinations
  • Eligible company-sponsored trainees will be able to clock CPD hours upon successful course completion

Class Allowance

For courses commencing before 1st January 2021:

  • Singapore Citizens and permanent residents of all ages will receive course fee subsidies of 95%
  • Training Allowance – $10 per training and assessment hour (Self-sponsored individuals), $15 per training and assessment hour (Sponsoring companies in Finance and Banking)

For all courses commencing after 1st January 2021 and before 1st July 2021 :

  • Singapore Citizens and permanent residents of all ages will receive course fee subsidies of 95%
  • Training Allowance – $15 per training and assessment hour (Sponsoring companies in Finance and Banking)

For all courses commencing after 1st July 2021 and before 31st December 2021 :

  • Singapore Citizens and permanent residents of all ages will receive course fee subsidies of 90%
  • The course fee for individuals and corporates are shown in the pricing table.

Terms and conditions apply. NTUC LearningHub reserve the right to make changes or improvements to any of the products described in this document without prior notice.

Prices are subject to other LHUB miscellaneous fees.

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