Digital Trade Finance & Fintechs
Learning objectives
By the end of this letter of credit course you will be able to:
Describe the fintech ecosystem, the main players and key dynamics.
Describe successful use cases of the bank payment obligation (BPO) and the challenges holding back the widespread use of BPO.
Describe how the electronic presentation works in leading platforms such as Bolero and essDocs.
List four specific areas fintech companies need to focus on to get scalability.
Identify the current proof of concepts and use cases involving blockchain in trade.
List the benefits of digitising trade finance and the financial supply chain.
Describe how a MT 798 works, the key value propositions for using a bank agnostic system and what is preventing widespread adoption.
List the challenges slowing the use and commercialisation of electronic presentations.
Explain how blockchain works and its relevance to trade.
Articulate what needs to be ‘unblocked’ to increase commercialisation and adoption of blockchain technology.
Course structure & curriculum
Lesson
In this lesson, you will gain an understanding of the digital trade and its various components, including;
- The key components of physical and financial supply chains.
- The importance and benefits of trade facilitation programs and digitising trade finance.
- The main players and key dynamics in the digital trade ecosystem
In this lesson, you will learn how a bank payment obligation (BPO) works and the successful use cases.
You will also learn the challenges holding back the widespread use and commercialisation of BPO.
In this lesson, you will learn about bank agnostic solutions, including;
- How a MT 798 works and the key value propositions for using a bank agnostic system.
- Examples of alternative multi-bank platform
- The challenges holding back the widespread use and commercialisation of bank agnostic systems including MT 798.
In this lesson, you will gain an understanding of the end-to-end electronic presentations used for documentary trade finance, including how this works in platforms offered by leading providers such as Bolero and essDocs.
You will also learn the challenges slowing the use and commercialisation of electronic presentations.
In this lesson, you will learn about the companies trying to make a difference in the digital trade & SCF world, what is holding back commercialisation and widespread adoption and the key initiatives required for scalability and growth.
In this lesson, you will learn about the major players in the fintech ecosystem, including;
- Their business and revenue models.
- What is holding back commercialisation and widespread adoption.
- Four specific areas Fintech companies need to focus on to get scalability.
In this lesson, you will learn about the key emerging technologies in financial services, including blockchain, and their background and impact.
You will learn about current proof of concepts and use cases involving blockchain in trade and articulate what needs to be unblocked to increase commercialisation and adoption of blockchain technology.
This section will test your knowledge on what you have learned so far. Please note, this is not an exam.
FAQs
Answers to your most commonly asked questions.
This course forms part of the curriculum for the Certified Trade Finance Professional (CTFP) but can also be purchased on its own.
If you just complete this course then you will earn a Letter of Completion once you finish (please note there is no exam for this individual course).
However, this course can also be put towards achieving the CTFP qualification. More details can be found here.
If you complete the CTFP then you will earn a Certificate of Achievement, signed by the ICC Secretary General, once you pass the final exam.
All candidates need to be able to read and write in English. For this course, we recommend that you have +5 years working in trade finance or have completed a trade finance qualification such as the ICC Academy’s Global Trade Certificate.
Your purchase includes 12 months to access all the lessons. You can access the lessons as many times as you like within the 12-month access period.
This course is accredited by the London Institute of Banking and Finance (LIBF), The Bankers Association for Finance and Trade (BAFT) and the Global Trade Professionals Alliance (GTPA).
Due to the immediate availability of our course content upon registration, ICC Academy has a strict no-refund policy for our courses and certifications. For more details, please refer to our Terms and Conditions.
This online course will take approximately 5-6 hours to complete depending on your level of experience.
Candidates will have 12 months access to the lessons which can be repeated
- One-year access to the online course and all 8 lessons
- 33 assessment questions – we’ll show you how to apply what you learn to real-world scenarios. Please note this is not an exam.
- A printable glossary containing all the key terms for you to refer to throughout the course
- Dedicated, full-time IT support
- Certificate of completion
Yes, all our courses are taken online. This means they are accessible at any time, from anywhere in the world. Learn when and where you want.
This course has been designed for general practitioners working in banks, corporates, or financial institutions in functions such as relationship management, credit and compliance, but with an interest in trade finance.
