BLOCKCHAIN FOR CROSS BORDER PAYMENT-P190414BQC

BLOCKCHAIN FOR CROSS BORDER PAYMENT-P190414BQC

Funded
Course Duration
8.0 hr(s)
Mode of Assessment

Participants will be required to complete written assessment.

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

Course Overview

IBF Programme Code: P190414BQC

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.

Next available schedule

Course Objectives

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

Pre-requisites

  • Knowledge, Skills & Experience

Laptop with internet access. This course will be conducted as a Virtual Live Class (VLC) via Zoom platform. Participants must have a laptop or a desktop with “Zoom Client for Meetings” installed. This can be downloaded from https://zoom.us/download

Minimum Specs

Recommended Specs

Others

  • Internet Connection: Wired or Wireless broadband (min 10 mbps)
  • Speakers and Microphone: built-in or USB plug-in or wireless Bluetooth
  • Webcam: built-in or USB plug-in

Software

  • NA

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

Candidate who successfully completed the course with 

  1. 100% attendance 
  2. On Passing the assessment (Pass rate: 70%) participants will be awarded NTUC LearningHub Certificate of Completion.

Additional Details

Medium of Instruction: English

Trainer to Trainee Ratio is 1:30

Price

Course Fee:

For Classes commencing between 1st July 2021 to 31st Dec 2021

 

Individual Sponsored Trainee

Company Sponsored Trainee

before GST

with GST

before GST

with GST

Full Course Fee

$650.00

$695.50

$650.00

$695.50

Singapore Citizens and PRs
(after 90% funding)

$24.05

$69.55

$65.00

$110.50

Singapore Citizens aged 40 years and above
(after 90% funding)

$24.05

$69.55

$65.00

$110.50

       

For Classes commencing between 1st Jan 2022 to 30th Jun 2022

 

Individual Sponsored Trainee

Company Sponsored Trainee

before GST

with GST

before GST

with GST

Full Course Fee

$650.00

$695.50

$650.00

$695.50

Singapore Citizens and PRs
(after 80% funding)

$93.60

$139.10

$130.00

$175.50

Singapore Citizens aged 40 years and above
(after 90% funding)

$24.05

$69.55

$65.00

$110.50

Eligibility:

Individual Sponsored Trainee

Company Sponsored Trainee

  • Singapore Citizens or Singapore Permanent Residents physically based in Singapore
  • Trainee must achieve 100% attendance and pass all relevant assessments
  • NTUC LearningHub reserves the right to claw back the funded amount from trainee if he/she did not meet the eligibility criteria
  • Singapore Citizens or Singapore Permanent Residents physically based in Singapore
  • Trainee must achieve 100% attendance and pass all relevant assessments
  • Sponsoring company must be
    • Singapore-based financial Institutions regulated by MAS (licensed or exempt from licensing by MAS)
    • FinTech firms certified by Singapore FinTech Association
  • NTUC LearningHub reserves the right to claw back the funded amount from the employer if trainee did not meet the eligibility criteria
  • Eligible company-sponsored trainees will be able to clock CPD hours upon successful course completion

Remarks:

Individual Sponsored Trainee

Company Sponsored Trainee

SkillsFuture Credit:

  • Eligible Singapore Citizens can use their SkillsFuture Credit to offset course fee payable after funding

UTAP:

  • NTUC Members can enjoy up to 50% funding (capped at $250 per year) under Union Training Assistance Programme (UTAP)

Training Allowance Grant (TAG):

  • $10/hr of eligible training and assessment hours
  • Applicable for classes commencing between 1st Jul 2021 to 20th Jun 2022 (both dates inclusive)
  • TAG will only be disbursed to the eligible sponsoring companies upon the participants’ successful completion including fulfilling 100% attendance requirement and passing the assessments.

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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