Non-banking financial institutions (NBFIs) are critical to the financial ecosystem, enabling innovation, financial inclusion, and economic growth by providing diverse services outside the traditional banking sector. In recent years, NBFIs have seen exponential growth, particularly with the rise of electronic payment solutions and currency exchange services. As more companies enter the electronic payments and exchange markets, understanding the regulatory landscape, licensing processes, and operational standards becomes essential for ensuring compliance, managing risks, and achieving sustainable growth.
This intensive 5-day training program delves into the complexities of licensing and regulatory requirements specific to electronic payment and currency exchange companies. Participants will explore the distinct roles these companies play in financial services, their contribution to advancing financial inclusion, and the regulatory oversight required to maintain market integrity and consumer protection.
With financial technology (fintech) reshaping how payments and exchanges operate, NBFIs are facing new challenges and opportunities. This course provides the essential knowledge and skills for professionals to navigate regulatory expectations confidently and to implement robust compliance and risk management frameworks. Attendees will engage in interactive discussions, hands-on case studies, and strategic planning exercises to build a comprehensive understanding of the licensing requirements, regulatory compliance, and best practices for operational excellence in NBFIs.
By the end of this program, participants will be well-equipped to lead their organizations through the evolving landscape of electronic payment and exchange services, ensuring alignment with regulatory mandates while capitalizing on industry innovations and emerging opportunities.
Understand the landscape of non-banking financial institutions, including their types, roles, and market significance.
Learn the regulatory frameworks and licensing processes for electronic payment companies and currency exchange businesses.
Develop skills in risk management, anti-money laundering (AML), and compliance as they pertain to NBFIs.
Explore best practices for financial security, technology integration, and customer protection.
Stay informed on global trends and technological advancements in NBFIs, particularly in the electronic payment and exchange sectors.
Compliance and Regulatory Officers in financial services
Managers and executives in electronic payment companies and exchange companies
Financial analysts and advisors focused on NBFIs
Licensing and regulatory authorities in the financial sector
Entrepreneurs and professionals entering the fintech and electronic payments space
Day 1:
Introduction to Non-Banking Financial Institutions (NBFIs)
Overview of NBFIs: Types, roles, and regulatory importance
The impact of NBFIs on the financial ecosystem and economic development
Key differences between banking and non-banking institutions
Case studies of successful NBFI models globally
Challenges and opportunities in the electronic payment and exchange sectors
Day 2:
Regulatory Framework and Licensing for Electronic Payment Companies
Understanding the licensing requirements for electronic payment companies
Key compliance standards and regulations (local and international)
Licensing processes: Steps, documentation, and regulatory bodies
Developing a compliance culture within electronic payment companies
Case studies: Licensing electronic payment providers and lessons learned
Day 3:
Regulatory Framework and Licensing for Exchange Companies
Overview of currency exchange businesses and their classifications
Licensing and regulatory compliance for exchange companies
Key legal obligations, anti-money laundering (AML), and customer due diligence (CDD)
Risk assessment and mitigation strategies for exchange businesses
Technology’s role in enhancing compliance and security in exchange operations
Day 4:
Operational Excellence and Risk Management in NBFIs
Risk management practices for NBFIs: AML, fraud prevention, cybersecurity
Integrating technology in risk management: Blockchain, AI, and data analytics
Ensuring financial security and customer protection
Operational best practices for maintaining regulatory compliance
Case study: Managing operational risks in electronic payment and exchange sectors
Day 5:
Emerging Trends and Future Opportunities in NBFIs
The impact of fintech innovation on NBFIs, especially in payment and exchange services
Regulatory technology (RegTech) and its role in compliance automation
Exploring digital currency and the future of currency exchange
Developing strategies to address future challenges and capitalize on market opportunities
Interactive workshop: Crafting a roadmap for regulatory and operational excellence in NBFIs