SPA-27 – 4-Module Open Banking Online Course
Open Banking Technology, Services, Security and Legal Implications
America’s payment experts – Secure Payments Academy is pleased to bring you a 4-module online training course for Open Banking to cover technology, services and regulatory requirements.
Course Overview
This comprehensive online training course provides a deep dive into the world of Open Banking, designed to equip professionals with the knowledge and skills required to navigate and leverage this transformative financial innovation. Over four modules, participants will explore the fundamental concepts, technical aspects, business implications, and future trends of Open Banking. Through a blend of interactive content, practical exercises, and real-world case studies, learners will gain a robust understanding of how Open Banking is reshaping the financial landscape.
Online attendees will be introduced to the structure of the digital world for Open banking and its relationship with FinTech. Primary role of Open Banking is to enable consumers to select services they need for their financial use. The Open Banking services vary and once selected, provide a secure interface at a faster delivery rate than classic banking systems. FinTech services by third party providers interface to the core Open Banking system through a well defined API interface.
An important part of the Open Banking environment is compliance with regulatory requirements. Open Banking introduces a new paradigm in the financial services industry by promoting greater transparency, competition, and innovation. However, it also brings significant regulatory and compliance challenges that must be addressed to ensure security, privacy, and consumer protection.
Learning Outcomes
By the end of this course delegates will be able to:
- Evaluate Open Banking principles and practices
- Describe technical features of Open Banking systems
- Explain typical Open Banking use cases
- Analyze options for implementation and management of Open Banking solutions
- Differentiate the regulatory requirements and their related compliance needs in various jurisdictions.
Who should Attend:
This 4-module Open Banking training course is designed for a diverse audience that includes professionals and stakeholders from various sectors within the financial services industry and related fields. The following individuals would benefit from attending:
- Banking and Financial Services Professionals
- Technology and IT Professionals
- FinTech Entrepreneurs and Startups
- Regulatory and Compliance Officers
- Consultants and Advisors
- Academia and Research
- Government and Regulatory Bodies
- Others, such as Customer Experience Managers, Marketing and Investors Professionals.
Course Agenda
This agenda ensures a comprehensive and engaging exploration of Open Banking, balancing theoretical knowledge with practical applications.
Module 1: Introduction to Open Banking
- Definition and Concepts
- Core Concepts
- Traditional Vs OB
- Historical Context and Evolution
- Regulatory Frameworks Key Stakeholders – policy dimensions
- Overview of the Open Banking Landscape
- Role of APIs in OB
- Examples of Open Banking Initiatives Worldwide
- Case Studies of Early Implementations
Module 2: Open Banking APIs
- What is an API?
- Types of APIs
- API Security Protocols
- How Open Banking APIs Work
- API Management and Monitoring
- Implications for Digital Payments
Module 3: Business and Operational Implications
- Traditional vs. OB
- APIs How They Work
- Screen Scraping
- Revenue Streams
- API Monetization
- Customer Experience and Engagement
- Open Banking Fintechs
- Data Privacy and Security
- Customer Consent
- Risk Management and Compliance requirements
- Mitigating Fraud
Module 4: Future Trends and Innovations in Open Banking
- Role of AI and ML
- Blockchain and Distributed Ledger
- Open Banking and Internet of Things (IoT)
- Future of Open Banking
- Regulatory Changes and Their Impact
- How to Stay Ahead in the Open Banking
- Seamless Transition to Open Finance
- What to consider going forward
- Breakout session
SPA-27 – 4-Module Open Banking training, is brought to you by Secure Payments Academy, America’s Payments Experts and led by skilled instructors with more than 3 decades of technical, systems and business case experience in payments systems and technologies. This course is a deep dive guide into “How to bring the established banking services into the new Open Banking age”.
This training course is designed to be given online with live presenters, or for in-class presentation with our expert trainers. For online, the content is delivered in two consecutive days – 2 modules per day, or in one full day. For in-class presentation, this is a one-day course.
Students will receive a copy of the course material and completion certificate at the conclusion of this course. For more information about our upcoming schedule, visit the Workshop Schedule.
To contact us please go to Contact.