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This combined course created by Stanley Epstein covers many aspects of globalization, finance, and the supply chain.

This course begins with a high level view of the FinTech world; the financial services value chain, FinTech’s definition, concept, scope and terminology, before moving to a detailed view of financial service functions and clusters of innovation in six key areas – Payments, Market Provisioning, Investment Management, Insurance, Deposits & Lending and Raising Capital. We examine each of these functions in terms of the current “clusters” of innovation, the key disruptive trends, the main thrust of current developments and the specific implications for financial institutions. We then take a wider view the blockchain, Bitcoin and other cryptocurrencies in terms of what they are and how they work as well as their respective advantages and disadvantages and the risks they could introduce.

Next we work to build a comprehensive foundation for understanding all aspects of International Trade in a global context. We cover the key principles, concepts, infrastructures, practices, issues, and current developments in the world of International Trade Finance. We then explore the key concern in International Trade, which is providing a safe conduit for the transfer of ownership of the shipment in return for payment, as well as a comprehensive examination of the different payment Instruments that may be used to settle International Trade transactions, including the process, the advantages/disadvantages and the risks attached to each. Next we talk about how international payments are made and begin to look at supply chain finance.

Supply Chain Finance refers to a variety of financing and business processes aimed at providing short-term credit to improve the working capital situation throughout the supply chain for both buyers and sellers, and is the next topic we explore.

We then take a step-by-step approach covering the fundamental steps required to identify, manage, and mitigate operational risks, and cover key aspects of operational risk management including critical issues such as risk analysis, risk appetite, probability, impact, risk mitigation process, and prioritization.

Next we examine each of the seven operational risks categories, and explore a detailed explanation on each risk explaining what it is, what type of events are involved, why these activities pose a risk, and provides participants with clear practical examples.

We then explore the current practice in the field of managing operational risk in financial institutions and examine each of these principles and their relative implementation factors – what the principle means and what should be addressed in putting its requirements in place. We also put the principles to the test when examining a detailed banking Case Study.

Finally, we discuss clear definitions and analogies for blockchain technology, as well Bitcoin, Ethereum, blockchain, and initial coin offerings, and highlight promising use cases for the technology as a whole. Our aim is to create an understanding of what the blockchain is and how it works, in as non-technical a manner as is possible, so the language we are going to use is removed from the “techno-speak” that currently surrounds the subject, but sufficiently technical so as not to lose the critical elements and features of the process.

Learning Objectives

  • Discover the financial value chain and how FinTech is affecting it, identify the different functions that FinTech interacts with, and explore the range of innovative new services that FinTech is fostering.
  • Discover the critical issues in each of the different FinTech functional areas and what some of these FinTech innovations are and how they work, and explore the different FinTech functions and innovation clusters and the implications of the different FinTech innovations.
  • Explore the world of the blockchain, Bitcoin and cryptocurrencies, discover how Bitcoin (and other cryptocurrencies) works, and identify the advantages and disadvantages of cryptocurrencies.
  • Discover the processes used in international trade finance and the different trade finance instruments, identify the differences between pre- and post-shipment financing, and explore the instruments used in international trade finance.
  • Discover the how international trade finance payment instruments work and identify the advantages and disadvantages of the different international trade finance payment instruments.
  • Discover the characteristics of an international payment and how the US dollar Clearing House Interbank Payment System (CHIPS) operates, identify the risks in correspondent banking, and explore the workings of the Continuous Linked Settlement (CLS) system and the principles behind international payments.
  • Identify the different stages of the supply chain, explore the methods used in supply chain financing, and discover how supply chain financing aids international trade and the financing problems in international trade.
  • Discover what supply chain finance is and how it fits into today’s economic picture and the parties involved in supply chain finance transactions and their roles.
  • Explore the methods used in identifying and evaluating the different operational risks and critical issues such as risk analysis, risk appetite, probability, impact, the risk mitigation process, prioritization and risk management responsibilities.
  • Discover the total risk spectrum, what the individual operational risks are, and what “Black Swan” events are.
  • Explore the three themes involved: governance, risk management and disclosure and their interrelationships, an actual case study and recognize the key operational risk management principles and the issues involved, and the various implementation issues involved in setting each of these principles in place.
  • Discover the underlying principles behind the blockchain and bitcoin, identify the different components of the blockchain process, and explore the blockchain and its processes that make it a key component of bitcoin.
Last updated/reviewed: November 18, 2019

7 Reviews (15 ratings)Reviews

5
Anonymous Author
The name of the book I would like to write about will provoke no instant response in the soul of an average European reader, neither it will be familiar to the majority of Russians, to which nation belongs its author Alexander Sharov, which is undoubtedly sad. “Yozhenka”, as it sounds in Russian, is by all means, one of the most romantic, educating and beautifully written stories ever.
3
Anonymous Author
The speaker pace was a bit too slow and there was a lot of good information thar was not on the handouts/slides. Given the amount of content covered, it would have been good to have some additional notes to refer back to.
4
Member's Profile
Although a little tedious in some of the presentations, overall an excellent primer on the world of Fintech and the supply chain finance in particular.
5
Anonymous Author
Good overview, I would recommend this to all accounting majors looking for a good overview of globalization
5
Member's Profile
I thoroughly enjoyed this course. I found it to be very informative and learned a lot.
5
Anonymous Author
Useful content and excellent course layout. Great course.
4
Anonymous Author
Easy to understand, time was correct, test was relevant

Education Provider Information

Company:
Illumeo, Inc., 75 East Santa Clara St., Suite 1215, San Jose, CA 95113
Contact:
For more information regarding this course, including complaint and cancellation policies, please contact our offices at (408) 400- 3993 or send an e-mail to .
Course Syllabus
Understanding FinTech-Part1 (The Basics)
  1:03:21Understanding FinTech-Part1 (The Basics)
  quizREVIEW QUESTIONS:Understanding FinTech - Part 1 (The Basics)
Understanding FinTech – Part 2 (Financial ...
  1:25:42Understanding FinTech – Part 2 (Financial Service Functions & Innovation Clusters)
  quizREVIEW QUESTIONS:Understanding FinTech – Part 2 (Financial Service Functions & Innovation Clusters)
Understanding FinTech – Part 3 (Blockchain ...
  54:14Understanding FinTech – Part 3 (Blockchain Bitcoin & Other Cryptocurrencies)
  quizREVIEW QUESTIONS:Understanding FinTech – Part 3 (Blockchain Bitcoin & Other Cryptocurrencies)
International Trade - Part 1 - Trade Finance ...
  50:24International Trade - Part 1 - Trade Finance Instruments
  quizREVIEW QUESTIONS:International Trade - Part 1 - Trade Finance Instruments
International Trade - Part 2 - Payment Instruments
  1:08:38International Trade - Part 2 - Payment Instruments
  quizREVIEW QUESTIONS:International Trade - Part 2 - Payment Instruments
International Trade - Part 3 – International ...
  1:01:13International Trade - Part 3 – International Payment Systems
  quizREVIEW QUESTIONS:International Trade - Part 3 – International Payment Systems
International Trade - Part 4 – Supply Chain ...
  1:15:23International Trade - Part 4 – Supply Chain Finance
  quizREVIEW QUESTIONS:International Trade - Part 4 – Supply Chain Finance
Understanding Supply Chain Finance
  57:45Understanding Supply Chain Finance
  quizREVIEW QUESTIONS:Understanding Supply Chain Finance
Key Elements in Managing Operational Risk
  1:19:16Key Elements in Managing Operational Risk
  quizREVIEW QUESTIONS:Key Elements in Managing Operational Risk
Understanding Operational Risk in Financial ...
  1:24:14Understanding Operational Risk in Financial Institutions
  quizREVIEW QUESTIONS:Understanding Operational Risk in Financial Institutions
Principles for the Management of Operational ...
  1:49:04Principles for the Management of Operational Risk in the Financial Industry
  quizREVIEW QUESTIONS:Principles for the Management of Operational Risk in the Financial Industry
Understanding the Blockchain
  2:11:11Understanding the Blockchain
  quizREVIEW QUESTIONS:Understanding the Blockchain
SUPPORTING MATERIALS
  ZIPGlobalization, Finance and the Supply Chain
FINAL EXAM
 examFINAL EXAM