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 advisers: Technical competence