Overview of Digital Payment World with ID at Its Core
America’s leading payment experts Secure Payments Academy is pleased to bring you a new two–day course to Digital identification, currencies and how the new digital banks operate.
During this three-day workshop, attendees will be introduced to the structure of the digital world in payments and banking. In the new digital environment, before any transactions or services can be delivered, the user must be identified. This Digital Identification is based on several criteria to ensure correct identification of the user. Once the user is identified, a range of services are offered to the user. During the first day digital Identification is discussed, including its Attributes, Credentials, Validating and then Verifying the digital id, using an authenticator device.
On the second day of the workshop, digital currencies are described including the Central Bank Digital Currency. Many countries and their central banks globally have started initiatives to develop a centralized digital currency that can be used by all their citizens providing additional features over and above current payment platforms. Stable Coin is then described and compared with CBDC use cases. The de-centralized digital currencies, such as Bitcoin and their underlying distributed accounting system, such as Blockchain, are described. The pros and cons of decentralized systems are discussed.
As financial institutions become more familiar with the use of digital technologies in order to reduce costs and increase efficiencies, many FinTech companies have begun delivering a multitude of applications. These are described during the third day of the workshop, including their advantages over the legacy systems. Digital Banks, or Neo Banks, are created to provide services to clients in a more efficient manner at much reduced cost. The Neo Banks in addition to delivering traditional services to their clients, can provide other services that previously were only available in brick and mortar banks and with face-to-face interaction with the bank staff. These issues and how the mindset of the legacy banking needs to be changed will be described and discussed during this course.
Who should Attend:
- Bank Strategic decision makers
- Digital system architects
- Banking services development team
- Merchant System Operations
- Process engineering team
- System Network Architects
- Product Development
- Product Management and Marketing
- IT and Technical Departments
Day 1 – Digital ID and Digital Currency
- What is Digital Identification
- Attributes of Identity
- Validation & Verification
- Digital Lifecycle
- Digital ID Models and Privacy Regulations
- Digital Credentials Adoption
Day 2 – Digital Currency
- Digital Currency
- Central Bank Digital Currency
- International CBDC projects
- Stable Coin
- Bitcoin Methodology
- Bitcoin Technology
- Blockchain Technology
Day 3 – Fintech and Neo Banks
- Fintech – Financial Technology
- Range of applications
- Conversion of traditional financial delivery
- New methodologies for digital service delivery
- Introduction to Digital Banking /Neo Banking
- The new model of digital banking
- Change of mindset on digital banking
- Digital Bank Architecture
- Integration with legacy banking
SPA-23: 3-Days – Digital ID, Digital Currency, FinTech and Neo Banks workshop, 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 digital age”.
Students will receive a course workbook and completion certificate at the conclusion of this 2-day workshop. For more information about our upcoming schedule, visit the Workshop Schedule.
To contact us please go to Contact.