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Open Banking and Platforms
Edge-of-your-seat learning. Personalized and designed to keep you engaged.

Intended Learning Outcomes

A new global banking ecosystem is emerging – open banking. The path towards open banking varies across geographies, but the goals are shared. Open banking drives improved collaboration between financial services providers, greater innovation and better products and services for customers.

Open banking can take many forms (including directives such as PSD2 in Europe and Open Banking in the UK), it generally refers to the system under which banks open up their application programming interfaces (APIs) for third parties to develop new apps and services.

Driven by regulation, banks in Europe, the UK and Australia are testing and prototyping new use cases such as comparison services, credit scoring and KYC.

In markets where regulation does not explicitly require open banking, a growing number of incumbent Financial Institutions, challenger banks and FinTechs seek to capitalize on these developments to better meet customer expectations for simpler, more frictionless and valued added experiences.

In the coming years, a rapid uptake of open banking approaches is expected, with the global Open Banking market set to reach $43.15 billion by 2026.

Instructor
timeline

4 hours

price

$20 USD/hr

Key Learning Outcomes:

01

Develop an understanding of Open Banking regulations - CMA Order, PSD2, GDPR and impact of these regulations on banks and Third Party Providers (TPPs)

02

Identify primary Open Banking use cases including account aggregation services, personal financial managers, SME financial management, Open Banking as a Service, consumer lending, automatic overdraft borrowing, identity verification, product comparison services, e-commerce payment services

03

Articulate the roles of key types of Third Party Providers (TPPs): Account Information Service Providers (AISPs), Payment Initiation Service Providers (PISPs), Card Based Payment Instrument Issuers (CBPIIs) and Account Servicing Payment Service Providers (ASPSPs)

04

Understand the design of an Application Programming Interface (API) and the tools to implement the Open Banking solution

05

Put learnings into practice by developing an API Strategy using the Open Banking canvas

Who should attend the program? 


Participants from the following organizations will benefit from attending the Open Banking program

 

1. Financial Institutions (including incumbent banks, challenger banks and FinTechs) looking to harness the opportunities of Open Banking 

 

2. Central Bank and government entities interested in studying the global best practices to apply learnings in the local context to drive growth of Open Banking for the benefit of the customers, financial services ecosystem and wider economy

 

3. Technology vendors that require an updated view of the trends and needs of their clients in the financial services industry 

 

The program will also help entrepreneurs in defining and scaling their Open Banking solutions, and students or recent graduates preparing themselves for careers in the financial services industries

Program Outline

Module 1: Origins of Open Banking

An overview of Open Banking

The history behind Open Banking – global perspective

– The Open Banking Implementation Entity (OBIE) and CMA Order in the UK

– The Second Payment Services Directive (PSD2) in the European Union, core principles of the PSD2 RTS –Strong Customer Authentications (SCA), Secured Communication, Risk Management, and Transaction Risk Analysis (TRA) 

– General Data Protection Regulation (GDPR) and Open Banking

Impact of regulations on banks and Third Party Providers (TPPs)

Module 2: Growth of Open Banking 

Open Banking use cases:  account aggregation services, personal financial managers, SME financial management, Open Banking as a Service, consumer lending, automatic overdraft borrowing, identity verification, product comparison services, e-commerce payment services

Key principles underpinning consumer security and trust

Module 3: How Open Banking works

 – Key types of Third Party Providers (TPPs):  Account Information Service Providers (AISPs), Payment Initiation Service Providers (PISPs), Card Based Payment Instrument Issuers (CBPIIs)

– Account Servicing Payment Service Providers (ASPSPs)

 Module 4: Open Banking Technology and Security 
 
Design of an Application Programming Interface (API) and the tools to implement the Open Banking solution
 

Module 5: Open Banking Strategy 

Open Banking Strategy Canvas: key components of a successful API Strategy for Open Banking

Module 6: Future of Open Banking

Expanding Open Banking into Open Finance

The potential for Open Banking standards and infrastructure to support other sectors of the economy

The potential for Open Banking to support a digital ID service economy

 

The course relies primarily on practical experiences and a variety of other pedagogies which may or may not include  videos, simulations, exercises,  and breakout session to reinforce the key learnings.

Training Timings: 9:00 AM – 1:30 PM
Breaks: Two breaks in between for around 15min

Assessment & Evaluation:
At the end of the class an automatic Teacher assessment and course feedback will be shared with learners.

 

Digital Certificate

Participants who successfully complete the program will be awarded with a ‘Certificate of Completion’ from Finteachable.com.

Denial of Certificate Policy: Being late more than 15min in a 1 day program.  Absent for more than 1 session in a 2/3 days program.

Register Now

20 USD/per hour

What Our Students Have to Say

Rating:
5.0
5/5
We enjoy the course with our teacher when we learn a lot
Badreyah
Rating:
5.0
5/5
Very knowledgeable trainer. Very insightful course. Would recommend to colleagues.
Khalid
Rating:
5.0
5/5
It was really valuable course and Mr. Winston explained the information in very interesting way thanks to him and for the department
Amna
Rating:
5.0
5/5
The course content is great. – It helped me to understand how future banking should look/ the global direction in financial services – I learned how to identify and analyze what any bank/ financial institute needs in order to keep up and succeed. – The instructor is great! Prof. Damu, gives you the space to discuss and talk freely
Noora
Rating:
5.0
5/5
I like the way of how the facilitator was interacting with the participants and encouraging them on the same. Made the subject really fun and interesting. The trainer’s voice and how the participants were managed was great, showed how experienced is he on this.
Fatma
Rating:
5.0
5/5
Great class
Nujood
Rating:
5.0
5/5
It was informative and interaction Course, with new people in assessment of SWOT analysis … as I am not expecting that, but its great opportunity to share discussion and views. For me I really need to explore more knowledge and read more instead of limit my self only on work . Understanding the principles of Digital Disruption & Technology Awareness and how it will impact in especially in Financial sector. Thanks a lot, for the rewarding recommendation ‘ ‘I don’t trust you, but Blockchain and Bitcoin will help’!
Kaltham
Rating:
5.0
5/5
IT IS AMAZING COURSE
Fatma
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5.0
5/5
Its was very helpful and i enjoyed it
Ayesha
Rating:
5.0
5/5
fantastic teacher
Yousuf
Rating:
5.0
5/5
So good and excited training
Hanan
Rating:
5.0
5/5
The course was excellent
Fintech 101
Rating:
5.0
5/5
I mean seriously I have been coming to EIBFS from 3 years now BUT today with Mr. Damu I really loved and learnt a lot with his style of teaching and interacting with the students and I did not got distracted at any point of time
Gurpreet
Rating:
5.0
5/5
Amazing instructor
Fintech 101
Rating:
5.0
5/5
the teacher was awesome
Fintech 101
Rating:
5.0
5/5
Excellent course and instructor
Fintech 101
Rating:
5.0
5/5
Our instructor is amazing! ; wish it lasts for a least two days duration, while the course areas to cover are relatively massive and detailed .
Future of Bank
Rating:
5.0
5/5
This course was one of the best attended- great instructor
Future of Banking
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5.0
5/5
Best lecturer
Blockchain 101
Rating:
5.0
5/5
awesome training makes me want to start mining immediately
Blockchain 101
Rating:
5.0
5/5
This should be made a 2 day course to provide a more detailed foundation on the subject.
Blockchain 101
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5.0
5/5
It was a great course. I think more courses of this topic need to be added
Blockchain 101
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5/5
Amazing information transition
Blockchain 101
Rating:
5.0
5/5
Best lecturer
Blockchain 101
Rating:
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5/5
Awesome training makes me want to start mining immediately
Blockchain 101

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