The Banking System
Banks serve a crucial function in the financial system. They act as a conduit between lenders and borrowers, which is essential as it drives growth and development, leading to greater industry productivity and economic performance.
Financial institutions change as time goes on and with the innovation that is always happening in the financial industry, they need to keep up. Banks and other financial institutions that understand this must alter their services and offerings to best serve their customers.
Figure: Definition of a Bank
Though the financial system is usually seen as an effective and efficient conduit, some issues make it necessary for a change in direction. These factors include additional fees, delays, friction between participants in the system, and reliance on paperwork to facilitate processes.
The current global financial system has no way to record values for assets such as stocks, bonds, deeds, contracts, and currencies. Someone has to make a costly transaction to transfer these assets, which can lead to items not being recorded correctly and even being lost altogether. With blockchain technology’s ability to achieve decentralized consensus and record values in digital assets like equities, bonds, deeds, etc., we may better manage our assets with greater efficiency.
In this course, you’ll get a firm grasp on bookkeeping calculations, how banks control obligations to create revenues, and the tasks of our financial institutions. You’ll also learn about financial regulations such as AML (anti-money laundering) and KYC(know your customer) rules. Even better: blockchain technology can help save billions of dollars on certain procedures by reorganizing them into blockchains.
In this course, you'll get a firm grasp on bookkeeping calculations, how banks control obligations to create revenues, and the tasks of our financial institutions. You'll also learn about financial regulations such as AML (anti-money laundering) and KYC(know your customer) rules. Even better: blockchain technology can help save billions of dollars on certain procedures by reorganizing them into blockchains.
Course Description
4.5 CPD Hours
The following topics will be covered in this The Banking System:
- The Asset Balance Sheet
- The Purpose of a Bank
- The History of Banks
- Functions of a Bank
- Types of Banks
- How Banks Make a Profit
- Interest Income Explained
- Fees & Commissions Explained
- Net Interest Margin Explained
- Trading and Investment Activities Explained
- Asset and Wealth Management Explained
- Spread and Margin Explained
- Solvency and Liquidity Explained
- Banking Regulations
- Anti-Money Laundering (AML)
- Know Your Customer (KYC)
- Basel lll
- Financial Intelligence Centre Act (FIC Act of 2001)
- Summary: How does AML, KYC & Basel lll impact banks?
- How Blockchain Can Help The Future Of Banking
- Benefits of using Blockchain in Banking
- Challenges facing Blockchain before it can be widely used in Banking?
- Redefining Banking: How Ripple's Technology is Revolutionizing the Financial Landscape
- What is Ripple?
- Breaking Down Ripple's Ledger System: The Backbone of its Operation
- The Beginner's Guide to Completing a Ripple Transaction: Step-by-Step Instructions
- Tokenization Demystified: Understanding the Basics of this Cutting-Edge Technology
- Stepping into the Digital Economy
- A Deep Dive into Tokenization's Ledger System
- From Traditional IPOs to Tokenized Offerings: How Digital Assets Are Changing the Game
- Quiz
