Course Details

Advanced Cross-Border Payments and Fintech Regulation Training Course

INTRODUCTION

As the global financial landscape rapidly evolves, cross-border payments and fintech innovations are reshaping traditional banking models. This advanced course explores the latest technologies, regulatory challenges, and international frameworks driving change in cross-border payments. Designed for finance professionals and regulators, the course provides in-depth knowledge of digital currencies, blockchain, real-time payments, and the complexities of international compliance standards in fintech.

Through case studies, practical insights, and interactive modules, participants will gain the tools needed to effectively manage cross-border payment systems, address regulatory challenges, and foster fintech innovation while ensuring regulatory compliance. This course highlights the risks, benefits, and strategic opportunities that cross-border fintech solutions offer in a globalized economy.

This course provides advanced knowledge and practical tools to navigate the evolving world of cross-border payments and fintech regulation. Participants will be prepared to lead or support initiatives that leverage new technologies for efficient cross-border transactions, address complex regulatory challenges, and ensure compliance with global standards in a rapidly changing financial landscape.

DURATION

5 days

TARGET AUDIENCE

This course is designed for professionals who are actively engaged in or responsible for the development, regulation, and management of cross-border payments and fintech solutions, including:

• Central Bank and Regulatory Officials: Policy makers, financial regulators, and central bank officials seeking to understand the regulatory impacts of fintech and cross-border payments.
• Banking and Financial Services Executives: Senior managers, compliance officers, and risk management professionals responsible for implementing cross-border payment systems.
• Fintech and Payment Solutions Developers: Fintech founders, product managers, and technical leads developing cross-border payment technologies.
• Compliance and Legal Professionals: Specialists in compliance, legal counsel, and risk officers in financial institutions focused on regulatory standards.
• Cryptocurrency and Digital Asset Professionals: Individuals working with or investing in digital assets, seeking to navigate regulatory landscapes for cross-border applications.

OBJECTIVES

By the end of the course, participants will be able to:

1. Understand Cross-Border Payment Infrastructure: Examine the structure and components of global payment systems, including clearing, settlement, and foreign exchange.
2. Navigate Regulatory Frameworks for Fintech and Cross-Border Payments: Analyze existing regulatory requirements for cross-border payments, covering AML (Anti-Money Laundering), KYC (Know Your Customer), and data protection in a global context.
3. Assess Emerging Technologies in Cross-Border Payments: Explore the impact of blockchain, distributed ledger technology (DLT), and real-time gross settlement systems (RTGS) on cross-border transactions.
4. Evaluate and Address Risks in Fintech and Payments: Identify and mitigate risks related to cybersecurity, data privacy, fraud, and operational resilience in cross-border payments.
5. Apply International Compliance Standards: Understand and implement best practices in AML/CFT (Combating the Financing of Terrorism) and FATF (Financial Action Task Force) compliance across jurisdictions.
6. Strategize for Digital Currency and Stablecoin Integration: Assess the use cases for central bank digital currencies (CBDCs) and stablecoins in cross-border transactions and their regulatory implications.

COURSE CONTENT

Module 1: Introduction to Cross-Border Payments Ecosystem

• Overview of the cross-border payments landscape, its evolution, and key players.
• Role of traditional banking institutions vs. emerging fintech solutions in global payments.
• Identifying challenges, including speed, cost, and transparency in cross-border payments.

Module 2: Clearing, Settlement, and Foreign Exchange Mechanisms

• In-depth study of clearing and settlement in cross-border payments, including SWIFT and CHIPS.
• Understanding foreign exchange dynamics and how they impact cross-border transactions.
• Overview of Real-Time Gross Settlement (RTGS) and other modern payment systems.

Module 3: Regulatory Frameworks and Standards for Cross-Border Payments

• Key international regulatory standards (e.g., FATF, Basel III) and their impact on payments.
• Exploring AML and KYC requirements globally and how to implement them effectively.
• Compliance challenges and solutions, particularly in high-risk jurisdictions.

Module 4: Fintech Innovations in Cross-Border Payments

• Exploring the role of fintech in cross-border payments, including mobile payments and digital wallets.
• Analyzing the influence of new entrants like Wise (formerly TransferWise) and Ripple on global payments.
• Evaluating the impact of real-time payment solutions on traditional cross-border payment processes.

Module 5: Blockchain and Distributed Ledger Technology (DLT)

• Role of blockchain and DLT in cross-border payments, including key use cases and challenges.
• Comparative analysis of blockchain-based solutions such as Ripple and Stellar.
• Regulatory considerations for blockchain and DLT adoption in cross-border payments.

Module 6: Central Bank Digital Currencies (CBDCs) and Stablecoins

• Understanding CBDCs and stablecoins and their potential role in cross-border payments.
• Analyzing pilot projects, including those by the Bank for International Settlements (BIS) and central banks.
• Regulatory implications and potential challenges associated with CBDCs and stablecoins.

Module 7: Digital Identity, AML, and KYC in Cross-Border Fintech

• Leveraging digital identity solutions to meet AML/KYC requirements across borders.
• Innovations in digital identity, such as biometrics and blockchain-based identification.
• Best practices for AML/KYC in a digital, cross-border context.

Module 8: Cybersecurity and Fraud Prevention in Cross-Border Payments

• Identifying and managing cybersecurity risks specific to cross-border payment systems.
• Key technologies in fraud detection, such as AI and machine learning.
• Understanding the role of regulators in cybersecurity for cross-border payments.

Module 9: Data Privacy and Compliance in Cross-Border Fintech

• Navigating data privacy regulations like GDPR and their impact on cross-border transactions.
• Data residency challenges and solutions for cross-border payment providers.
• Ensuring compliance with data-sharing requirements across multiple jurisdictions.

Module 10: Risk Management and Operational Resilience

• Identifying operational risks in cross-border payments, including liquidity and credit risks.
• Building resilience in cross-border payment infrastructure to handle disruptions.
• Case studies in managing operational risks and ensuring continuity.

Module 11: Role of Public-Private Partnerships and International Cooperation

• The role of international bodies like the IMF and BIS in cross-border payments.
• Case studies of successful public-private partnerships in advancing payment technology.
• Strategies for fostering cooperation across regulatory agencies and jurisdictions.

Module 12: Case Studies and Future Trends in Cross-Border Payments

• Real-world case studies on implementing cross-border payment innovations.
• Analyzing trends like instant payments, artificial intelligence, and API banking.
• Strategic planning for future developments in cross-border payments and fintech regulation.

 CERTIFICATION

Upon successful completion of this training, participants will be issued with Macskills Training and Development Institute Certificate

TRAINING VENUE

Training will be held at Macskills Training Centre. We also tailor make the training upon request at different locations across the world.

AIRPORT PICK UP AND ACCOMMODATION

Airport pick up and accommodation is arranged upon request

TERMS OF PAYMENT

Payment should be made to Macskills Development Institute bank account before the start of the training and receipts sent to info@macskillsdevelopment.com