Current trends and innovation in FX and payments

Overview of payment products and foreign exchange

The world of payments and foreign exchange (forex) trading is evolving at a never-before-seen rate.

Over the past two decades the ways people pay, receive, trade and transfer money have changed beyond recognition. Previously unthinkable scenarios, like paying for goods with the tap of a plastic card or trading virtual currencies, are now widely accepted aspects of our digital economy. Entirely new methods of payment have embedded themselves in consumer dialogue, digitisation has democratised trading, and wallets have migrated from pockets to mobile phones.

But why are we seeing so much change? What is Australia’s role in the transformation of the sector, and what innovations can we expect to see in the near future?

About our course

Our online course explores Australia’s current payments and forex landscape, the megatrends that have played the largest role in getting us to this point, and the specific products, businesses and technologies that exemplify innovation. We look at some of the new and evolving technologies relevant to foreign exchange and the trends that are influencing trading including products and companies that are reshaping payments and foreign exchange in Australia and globally.

Explore fintech and how its evolution has influenced the payments system, sparking the emergence of new infrastructure, products and services.

Program Content

Learning Outcomes

  • Define a payments system
  • Discuss the features of Australia’s foreign exchange market and how technology has democratised trading
  • Identify examples of technology that have had a transformative effect on financial services
  • Discuss regulatory initiative as they apply to the payments sector
  • Outline examples of recent innovations in the payments and foreign exchange sectors
  • Evaluate opportunities and threats that may influence payments and foreign exchange in the near future.

What you will learn

Who is this course for?

  • Payments and fund transfer facility providers
  • Branch frontline staff
  • Finance professionals who want to stay up to date with Fintech
  • Digital product managers
  • Foreign exchange platform providers

Units of Competency

Pre-requisite

Recognition of Prior Learning

Certification

You will be awarded a Certificate of Completion. It will be available online for you to download and print immediately.

ASIC-supervised licensees: Foreign exchange
FAS-supervised licensees: Technical competence

Explore our Financial Services CPD

Our short course topics are also included in our annual subscription Financial Services CPD library.

Download Brochure

Frequently Asked Questions

Our CPD short courses are self-paced with online learning resources & on-going support.
  • You have up to 8 weeks to complete the learning and assessment requirements for your CPD short course.
  • Experienced professionals can complete in less time.
Our CPD short courses are assessed by a short open book multiple-choice exam.
Our courses, CPD and qualifications are 100% online, so you can start anytime, anywhere.
  • Either enrol online or
  • Contact Us to arrange an invoice for EFT or AMEX payments.
You can enrol your team either:
  • Easily enrol online (you can add multiple participants to your cart) or
  • Contact us to arrange a quote.
What is RG206?2023-04-21T07:53:53+10:00

Regulatory Guide 206 Credit licensing: Competence and training (RG 206)

Credit licensees must comply with the organisational competence obligation in s47(1)(f) of the National Consumer Credit protection Act 2009 (National Credit Act)Regulatory Guide 206 Credit licensing: Competence and training (RG 206) sets out the minimum expectations for demonstrating organisational competence.

What you need to do to comply will depend on the nature, scale and complexity of your business. However, Regulatory Guide 206 Credit licensing: Competence and training (RG 206) sets out our minimum expectations for demonstrating organisational competence.

You must also ensure that your representatives are adequately trained and competent to engage in the credit activities authorised by your licence: s47(1)(g).

ASIC generally expects you to determine what is appropriate initial and ongoing training for your representatives and to embed this in your recruitment and training systems.

Updated annually, our CPD is designed to enable Responsible Managers and Representatives of Australian Credit Licensees to meet their mandatory RG206 continuing training requirement. Our CPD that is structured, properly assessed and recorded.