Module 1: Regulatory Framework for Digital Banking Operations

·       Overview of traditional banking regulations and their applicability to digital banking

·       Licensing requirements for digital banks and online financial service providers

·       Regulatory expectations for governance and risk management in digital banking

·       Outsourcing regulations and third-party risk management in digital finance

·       Branchless banking regulations and agent banking models

·       Practical session: Analyzing the licensing requirements for establishing a digital-only bank.

Module 2: Licensing and Authorization for Fintech Companies

·       Defining Fintech and its various segments (payments, lending, investments, etc.)

·       Regulatory approaches to Fintech: activity-based vs. entity-based regulation

·       Licensing and authorization pathways for different types of Fintech firms

·       Navigating regulatory hurdles for new Fintech innovations

·       International comparisons of Fintech licensing regimes

·       Practical session: Identifying the relevant licenses and authorizations for a specific Fintech startup.

Module 3: AML and CTF Regulations in Digital Finance

·       Understanding AML/CTF obligations for digital financial institutions

·       Customer due diligence (CDD) and know-your-customer (KYC) in the digital context

·       Transaction monitoring and suspicious activity reporting (SAR) for digital transactions

·       Compliance with FATF recommendations and local AML/CTF laws

·       The role of technology in AML/CTF compliance (RegTech)

·       Practical session: Identifying potential AML/CTF risks in a digital payment platform.

Module 4: Data Protection and Privacy Laws Relevant to Fintech

·       Overview of key data protection and privacy regulations (e.g., GDPR, CCPA)

·       Application of data protection principles to digital banking and Fintech services

·       Consent requirements for data collection and processing in the financial sector

·       Cross-border data transfer rules in Fintech operations

·       Data breach notification requirements and liability

·       Practical session: Evaluating the data protection implications of a new Fintech product or service.

Module 5: Consumer Protection Regulations in Digital Financial Services

·       Ensuring fair and transparent practices in digital financial services

·       Disclosure requirements for online financial products and services

·       Addressing issues of mis-selling and unfair contract terms

·       Handling consumer complaints and dispute resolution in the digital context

·       Regulations related to digital financial literacy and inclusion

·       Practical session: Analyzing the consumer protection aspects of the terms and conditions of a digital lending platform.

Module 6: Legal Status and Regulation of Cryptocurrencies and Blockchain Technologies

·       Understanding different types of cryptocurrencies and their legal classifications

·       Regulatory approaches to cryptocurrencies (e.g., securities, commodities, payment tokens)

·       Legal implications of blockchain technology and smart contracts in finance

·       AML/CTF regulations for virtual assets and virtual asset service providers (VASPs)

·       International regulatory trends in the cryptocurrency space

·       Practical session: Assessing the legal status of a specific cryptocurrency in different jurisdictions.

Module 7: Cybersecurity Requirements for Digital Financial Institutions

·       Regulatory expectations for cybersecurity in the financial sector

·       Implementing robust cybersecurity frameworks and risk management strategies

·       Data security standards and best practices for digital banking and Fintech

·       Incident response and reporting requirements for cyber breaches

·       Legal liabilities related to cybersecurity failures in financial services

·       Practical session: Identifying key cybersecurity risks for a digital banking platform.

Module 8: Regulatory Sandboxes and Innovation Hubs

·       Concept and objectives of regulatory sandboxes and innovation hubs

·       How sandboxes facilitate Fintech innovation and regulatory learning

·       Examples of successful regulatory sandboxes globally

·       Legal considerations for participating in a regulatory sandbox

·       The role of regulators in fostering Fintech innovation

·       Practical session: Evaluating the potential benefits and risks of participating in a regulatory sandbox.

Module 9: Cross-Border Provision of Digital Financial Services

·       Legal and regulatory challenges in providing digital financial services across borders

·       Licensing and authorization requirements for cross-border operations

·       Compliance with different national regulations and legal frameworks

·       Issues of jurisdiction and enforcement in cross-border digital finance

·       International agreements and initiatives related to cross-border Fintech

·       Practical session: Analyzing the legal requirements for a Fintech company expanding its services internationally.

Module 10: Future Trends in Fintech Regulation

·       Emerging trends in Fintech (e.g., AI in finance, open banking, decentralized finance - DeFi)

·       Anticipating future regulatory responses to Fintech innovations

·       The role of international cooperation in Fintech regulation

·       Balancing innovation and regulation in the digital finance space

·       Potential future legal and regulatory challenges for the Fintech sector

·       Practical session: Discussing the potential regulatory implications of a specific emerging Fintech trend.

 

 

 

 

Requirements:

·       Participants should be reasonably proficient in English.

·       Applicants must live up to Armstrong Global Institute admission criteria.

Terms and Conditions

1. Discounts: Organizations sponsoring Four Participants will have the 5th attend Free

2. What is catered for by the Course Fees: Fees cater for all requirements for the training – Learning materials, Lunches, Teas, Snacks and Certification. All participants will additionally cater for their travel and accommodation expenses, visa application, insurance, and other personal expenses.

3. Certificate Awarded: Participants are awarded Certificates of Participation at the end of the training.

4. The program content shown here is for guidance purposes only. Our continuous course improvement process may lead to changes in topics and course structure.

5. Approval of Course: Our Programs are NITA Approved. Participating organizations can therefore claim reimbursement on fees paid in accordance with NITA Rules.

Booking for Training

Simply send an email to the Training Officer on training@armstrongglobalinstitute.com and we will send you a registration form. We advise you to book early to avoid missing a seat to this training.

Or call us on +254720272325 / +254725012095 / +254724452588

Payment Options

We provide 3 payment options, choose one for your convenience, and kindly make payments at least 5 days before the Training start date to reserve your seat:

1. Groups of 5 People and Above – Cheque Payments to: Armstrong Global Training & Development Center Limited should be paid in advance, 5 days to the training.

2. Invoice: We can send a bill directly to you or your company.

3. Deposit directly into Bank Account (Account details provided upon request)

Cancellation Policy

1. Payment for all courses includes a registration fee, which is non-refundable, and equals 15% of the total sum of the course fee.

2. Participants may cancel attendance 14 days or more prior to the training commencement date.

3. No refunds will be made 14 days or less before the training commencement date. However, participants who are unable to attend may opt to attend a similar training course at a later date or send a substitute participant provided the participation criteria have been met.

Tailor Made Courses

This training course can also be customized for your institution upon request for a minimum of 5 participants. You can have it conducted at our Training Centre or at a convenient location. For further inquiries, please contact us on Tel: +254720272325 / +254725012095 / +254724452588 or Email training@armstrongglobalinstitute.com

Accommodation and Airport Transfer

Accommodation and Airport Transfer is arranged upon request and at extra cost. For reservations contact the Training Officer on Email: training@armstrongglobalinstitute.com or on Tel: +254720272325 / +254725012095 / +254724452588