The objective of this training program is to understand the impact of cryptocurrencies and how they are shaping the current economics of the banking industry. The course will also offer attendees an understanding of how to implement protective and supportive measures into current compliance operations.
Cryptocurrencies have a place in the traditional banking field, as well as an alternative payment method that can expand and develop into a banking mechanism that possesses substantial upside and profit with limited cost and hassle. Embracing technology is never easy, generally met with high costs and limited returns, but what if that could be reversed? Expanding services and support for mechanisms outside of our daily control can present substantial profit and benefit; especially if we can do it without subjecting our institutions to business and reputational risk.
If your institution supports these businesses, then are you doing it in a fashion in which it protects and enhances your business model, or are you pushing these organizations away out of fear of lack of regulation and understanding? In either case, it is best to understand their implications, makeup and potential before making impacting business decisions.
This webinar will furnish attendees with the answers to the questions above and remove ambiguities on the subject.
Where did they come from?
Can I implement them in my current business; if so then what do I need.
Are there existing rules pertaining to them?
What can I do to support developing technologies in my current business model?
Why Should You Attend:
Cryptocurrencies are here. Regardless of whether the current batch remains around for the next 6 months or 60 years, they are not to be ignored. As credit cards move away from magnetic strips to RFID, and banks move from cash to digital, regulatory professionals must understand and implement procedures and programs to maintain a balance between business and profit.Cryptocurrencies have a place in the traditional banking field, as well as an alternative payment method that can expand and develop into a banking mechanism that possesses substantial upside and profit with limited cost and hassle. Embracing technology is never easy, generally met with high costs and limited returns, but what if that could be reversed? Expanding services and support for mechanisms outside of our daily control can present substantial profit and benefit; especially if we can do it without subjecting our institutions to business and reputational risk.
If your institution supports these businesses, then are you doing it in a fashion in which it protects and enhances your business model, or are you pushing these organizations away out of fear of lack of regulation and understanding? In either case, it is best to understand their implications, makeup and potential before making impacting business decisions.
This webinar will furnish attendees with the answers to the questions above and remove ambiguities on the subject.
Areas Covered in the Webinar:
What is a cryptocurrency?Where did they come from?
Can I implement them in my current business; if so then what do I need.
Are there existing rules pertaining to them?
What can I do to support developing technologies in my current business model?
Who Will Benefit:
- AML/BSA Officers
- Compliance Officers
- Compliance Analysts
- Company Management
- Audit Professionals
Course Provider
Warren R Markowitz,
