New On-line Courses from Citadel Advantage

INTERNATIONAL TRADE FINANCE (a full course in four parts)

Although the full course is divided into four parts, which together form a complete picture of international trade, its various instruments, its operations and its financing, each part may be
studied as a stand-alone unit.

This course will be of especial interest to banking, business, and import/export professionals who wish to expand their knowledge base as well as enhance their expertise and advance their careers in or gain a deeper understanding of the international trade finance arena.

The course provides a comprehensive foundation for understanding all aspects of International Trade Finance in a global context, covering the key principles, concepts, infrastructures, practices, issues, and current developments.
Part 1 - Trade Finance Instruments

Part 2 - Payment Instruments

Part 3 - International Payment Systems
 
Part 4 - Supply Chain Finance 

Please click on the Part Title for more information

NEW On-line Course from Citadel Advantage

INTERNATIONAL TRADE - PART 2: PAYMENT INSTRUMENTS

Join Citadel Advantage’s Stanley Epstein in this ILLUMEO on-demand training course.

This course provides a comprehensive foundation for understanding all aspects of International Trade in a global context. This is the first of four-part collection, covering the key principles, concepts, infrastructures, practices, issues, and current developments in the world of International Trade Finance.

Part 2 of the course covers:

• The key concern in International Trade in providing a safe conduit for the transfer of ownership of the shipment in return for payment.
• A comprehensive examination of the different payment Instruments that may be used to settle International Trade transactions, including the process, the advantages/disadvantages and the risks attached to each.

 For Details & Registrations

On-Line Training - Understanding FinTech

From start-ups in California, New York, London, Europe, the Middle East, Asia and Africa, entrepreneurs are applying their creativity and technical ingenuity all along the financial services value chain.

The current wave of innovation promises a revolution in the production and consumption of financial services.

Aptly combining the words “financial” and “technology” the FinTech revolution promises changes that will democratize financial services.

 

Part 1 - FinTech Basics
Part 2 - Financial Service Functions & Innovation Clusters
Part 3 - Blockchain, Bitcoin & Other Cryptocurrencies

The FinTech revolution holds much promise. This three part course is a basic primer to understanding FinTech in all its forms and guises and presented in conjunction with Illumeo by Citadel Advantage Principal Associate Stanley Epstein.

For Details & Registrations please click on the course title.

FinTech for Non-IT Professionals (a 2-day course)

Technology is changing finance

From start-ups all around the world, entrepreneurs are applying their creativity and technical ingenuity all along the financial services value chain.

This wave of innovation promises a FinTech revolution that will change financial services for ever. For consumers and business alike there is the promise of vastly improved financial services.

Consumers will get more choices and keener pricing. Small and medium sized businesses will gain access to new forms and lines of credit. Banks productivity will increase, transaction costs will come down, operational resilience will be better.

All this will lead to a more resilient financial system with greater diversity, redundancy and depth.

Most importantly financial services will become more inclusive, while people will become better connected, more informed and increasingly empowered.

If you want to keep up-to-date in the fast changing FinTech scenario you need to understand what it is all about. And if you are a non-IT professional you need this information presented in clear non-technical terms.

This two day unique training course offers a comprehensive introduction to FinTech for Non-IT Professionals, what FinTech is all about and how it is changing financial, banking and commercial systems and the world.

Bricks & mortar don't matter anymore

During the course we will explore FinTech components in terms of a wide range of issues, which include;

• Individual innovation clusters within each function.
• An analysis of the current state of business models and processes.
• Examining key innovations in terms of their characteristics and the implications of their use.
• Look at some current examples of actual innovations.
• Discuss potential outcomes.
• Where appropriate, we will include a case study.

Who should take this course?

Senior management, executives or directors within the financial services, banking, and insurance sectors, as well as those working in e-commerce, management consulting, or within a tech startup. Specific roles that would benefit include: tech entrepreneurs, senior business directors, managing directors (specifically CIOs and COOs), senior analysts, senior developers, business unit directors, bankers, product managers, senior software or app developers, business development managers, finance professionals, and digital strategists operating in the finance sector.

Teaching Method

This is a highly interactive course comprised of presentations, case studies, multidirectional discussions and comprehensive exercises.

Most importantly it will offer participants, opportunities to plan such work within small working groups, providing practice in the application of the techniques and tools generating active participation.

Learning Objectives

Learn all about Bitcoin

• Discover the full scope of FinTech.
• Explore the key FinTech development & implementation issues.
• Recognize the access issues for consumers and businesses.
• Discover how operational costs can be reduced and efficiency increased.
• Explore data sharing and transparency in the light of data security and protection needs.
• Explore actual case studies.

For training session details or to arrange In-House training sessions please e-mail us at courses@citadeladvantage.com

Digital Reality Heralds Exciting Prospects

From Deloitte CIO Journal

Filling Fraud Detection Gaps

 From Bank Director

Banks need to address fraud detection as real-time payments initiatives take root.

Basel Committee on Banking Supervision issues consultative document on the implications of fintech

The Basel Committee on Banking Supervision has released a consultative document on the implications of fintech for the financial sector. 

 

"Sound practices: Implications of fintech developments for banks and bank supervisors" assesses how technology-driven innovation in financial services, or "fintech", may affect the banking industry and the activities of supervisors in the near to medium term.

Various future potential scenarios are considered, with their specific risks and opportunities. 

 

In addition to the banking industry scenarios, three case studies focus on technology developments (big data, distributed ledger technology, and cloud computing) and three on fintech business models (innovative payment services, lending platforms and neo-banks).

Although fintech is only the latest wave of innovation to affect the banking industry, the rapid adoption of enabling technologies and emergence of new business models pose an increasing challenge to incumbent banks in almost all the scenarios considered.

Banking standards and supervisory expectations should be adaptive to new innovations, while maintaining appropriate prudential standards. Against this background, the Committee has identified 10 key observations and related recommendations on the following 

supervisory issues for consideration by banks and bank supervisors: 

1. The overarching need to ensure safety and soundness and high compliance standards without inhibiting beneficial innovation in the banking sector;
2. The key risks for banks related to fintech developments, including strategic/profitability risks, operational, cyber and compliance risks;
3. The implications for banks of the use of innovative enabling technologies;
4. The implications for banks of the growing use of third parties, via outsourcing and/or partnerships;
5. Cross-sectoral cooperation between supervisors and other relevant authorities;
6. International cooperation between banking supervisors;
7. Adaptation of the supervisory skillset;
8. Potential opportunities for supervisors to use innovative technologies ("suptech");
9. Relevance of existing regulatory frameworks for new innovative business models; and
10. Key features of regulatory initiatives set up to facilitate fintech innovation.

The Committee says that it welcomes comments on all aspects of the consultative document. 

 

Comments should be uploaded by Tuesday 31 October 2017 via the following BCBS link.