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Blockchain For Cross Border Payment is a Program

Blockchain For Cross Border Payment

Self-paced

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Full program description

Blockchain For Cross Border Payment

 
Programme Code: P190414BQC

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. 

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 Duration

1 Day / 8 Hours (including 1 hr of assessment)

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

Mode of Assessment

  • Written Assessment

Certification Obtained and Conferred by

Awarded NTUC LearningHub Certificate of Completion

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

No credit or certification pre-requisites required to take this course.

Medium of Instruction & Trainer

Medium of Instruction: English

Trainer: Trainee Ratio is 1: 30

Price

Course Fee
Full Course Fee  $650.00
Full Course Fee with GST  $695.50

Nett amount after Funding    
Singapore Citizens & Permanent Residents**  Individual  $34.78*
 Corporate  $78.00*
Others   $695.50*

* includes 7% GST

** 95% course fee funding under IBF Funding Scheme

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), or involved in supporting financial sector activities. 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

Funding Incentives:

1. Institute of Banking and Finance (IBF) Enhanced Funding

Singapore Citizens and permanent residents of all ages are entitled to receive enhance course fee subsidies of 95%. This funding is open to all individuals with no limitation to industry.

2. Training Allowance Grant

Self-sponsored individuals who successfully completed IBF accredited course will receive $10 per training and assessment hour. Training grant will be reimbursed to trainees PAYNOW account after course completion.

Sponsoring companies will receive $15 per training and assessment hour upon participants successful completion and passing the assessment.

3. SkillsFuture Credit

Singapore Citizens aged 25 and above may use their SkillsFuture Credits to pay for the course fees, the credits may be used on top of existing course fee funding. This is only applicable to self-sponsored participants. 

4. Union Training Assistance Programme (UTAP)

NTUC members can enjoy 50% unfunded course fee support for up to $250 each year. You must be a union member throughout the course duration and at the time of claim. You must achieve a minimum of 75% attendance for each application and have sat for all prescribed examinations. This is only applicable to self-sponsored participants. 

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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