The Nature of e-Banking, a Precursor to Understanding its Compliance & Risks

Why Should You Attend:

Electronic banking carries its own unique characteristics, which increases and modifies some of the traditional risks associated with banking activities.

According to all relevant regulatory bodies, it is incumbent upon the Boards of Directors and banks’ senior management to take steps to ensure that their institutions have reviewed and modified where necessary their existing risk management policies and processes to cover their current or planned electronic banking activities.

This 90 minute webinar is an introduction to the components that make up today’s e-Banking services. It is also a precursor, for those unfamiliar with it, to further modules focusing on understanding the risks associated with e-Banking, as well as the compliance challenges we face.

Learning Objectives:

• Understand What make up e-banking and how it works?.
• Understand human/technology interface
• Recognize common e-Banking components

Areas Covered in the Seminar:

• What is e-banking and how does it work?
• Definition of e-Banking.
• Informational Websites.
• Transactional Websites.
• e-Banking Components.
• e-Banking Support Services.
• Web-linking.
• Account Aggregation.
• Electronic Authentication.
• Website Hosting.
• Payments for e-Commerce.
• Wireless e-Banking.

Who Will Benefit:

• Operations Managers
• Business Managers
• Supervisory staff
• Internal and External Auditors
• Operations Officers
• Business Managers
• Compliance Officers
• I.T. applications providers serving financial institutions
• Consultants and professionals serving the financial services industry

Instructor Profile:

Richard Barr, holds a B.S. in International Business Administration from San Jose State University in California. His professional experience spans over 23 years, 5 of which were spent with Wells Fargo Bank. Another 5 were spent honing his global banking skills, when Richard was intimately involved with International Trade Finance, Real Time Gross Settlement and Cross Border Banking. The past 14 years have been in the private and high-tech sectors providing high-level consulting services, business analysis, project management and training to a wide range of banking clientele across the globe.

He has spent extensive time servicing a diversity of “financial institutional” clients, in South Africa, Poland, Sweden, Ireland, Netherlands, Greece, Bermuda, Malawi, United Kingdom and across North America. Clients that Richard and Citadel Advantage have dealt with such notable firms as AIB Bank, Eurobank, ABSA Bank, CitiBank, Swedbank, INDEbank, IBM, Montran and Fundtech, as well as many others.

Richard has also filled the role of advisor to central banks on payment systems and technical payments issues. Furthermore, key staff members from the Bank of England, South African Reserve Bank, Central Bank of Ireland, Bank Indonesia, European Central Bank and Bank of Portugal have attended training sessions presented by Richard.

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