What does the the Payment Services Directive course cover?
the Payment Services Directive is covered here in 10 modules: Introduction to the Payment Services Directive: Scope and application of the PSD, PSD Requirements for Payment Service Providers: Capital requirements and funding, PSD Requirements for Financial Institutions: PSD implications for banks and credit unions and 7 more.
How do you approach the Payment Services Directive step by step?
The work is sequenced in 10 stages. It starts with Introduction to the Payment Services Directive: Scope and application of the PSD, moves through PSD Requirements for Payment Service Providers: Capital requirements and funding and PSD Requirements for Financial Institutions: PSD implications for banks and credit unions, and ends at PSD and International Cooperation: Cross-border payments and transactions.
What is in Module 1 of the the Payment Services Directive course?
Module 1 is Introduction to the Payment Services Directive: Scope and application of the PSD. It works through overview of the PSD and its objectives, key principles and requirements of the PSD, scope and application of the PSD and 1 more. It sets the vocabulary the remaining 9 modules build on.
How is the the Payment Services Directive course delivered?
The the Payment Services Directive course is fully self-paced with immediate online access after enrolment. Access does not expire and future updates are included at no cost. It can be taken on any device, and a certificate of completion is issued by The Art of Service when you finish.
How much does the the Payment Services Directive course cost?
The the Payment Services Directive course is $199 as a one time payment. There is no subscription, no per seat licence and no hidden fee. Enrolment carries a 30 day satisfied or refunded guarantee, so it can be assessed in full before you commit.
Closely related courses: Payment Services Directive Toolkit, Payment Services Directive.
More answers: what you get with every course, refund policy, all help answers.
Mastering the Payment Services Directive: A Step-by-Step Guide to Compliance and Risk Management
Course Overview
This comprehensive course is designed to provide participants with a thorough understanding of the Payment Services Directive (PSD) and its implications for the financial services industry. Through a combination of interactive lessons, real-world examples, and hands-on projects, participants will gain the knowledge and skills needed to ensure compliance and manage risk effectively.Course Objectives
- Understand the key principles and requirements of the PSD
- Identify the implications of the PSD for financial institutions and payment service providers
- Develop a comprehensive compliance framework to ensure adherence to PSD requirements
- Implement effective risk management strategies to mitigate PSD-related risks
- Stay up-to-date with the latest developments and updates to the PSD
Course Outline
Module 1. Introduction to the Payment Services Directive: Scope and application of the PSD
- Overview of the PSD and its objectives
- Key principles and requirements of the PSD
- Scope and application of the PSD
- Implications of the PSD for financial institutions and payment service providers
Module 2. PSD Requirements for Payment Service Providers: Capital requirements and funding
- Licensing and authorization requirements
- Capital requirements and funding
- Corporate governance and risk management
- Compliance and reporting requirements
Module 3. PSD Requirements for Financial Institutions: PSD implications for banks and credit unions
- PSD implications for banks and credit unions
- PSD implications for e-money institutions and payment institutions
- Compliance and reporting requirements for financial institutions
- Risk management and mitigation strategies for financial institutions
Module 4. Risk Management and Mitigation Strategies: Monitoring and reporting PSD-related risks
- Identifying and assessing PSD-related risks
- Implementing effective risk management strategies
- Mitigating PSD-related risks through compliance and controls
- Monitoring and reporting PSD-related risks
Module 5. Compliance Framework and Implementation: Compliance monitoring and reporting
- Developing a comprehensive compliance framework
- Implementing PSD requirements into business operations
- Training and awareness programs for employees
- Compliance monitoring and reporting
Module 6. PSD and Anti-Money Laundering (AML): Compliance with AML and PSD requirements
- PSD implications for AML and counter-terrorism financing
- Customer due diligence and know-your-customer requirements
- Reporting suspicious transactions and activities
- Compliance with AML and PSD requirements
Module 7. PSD and Data Protection: Data protection principles and requirements
- PSD implications for data protection and privacy
- Data protection principles and requirements
- Implementing data protection measures and controls
- Compliance with data protection and PSD requirements
Module 8. PSD and Security: Incident response and management
- PSD implications for security and risk management
- Implementing security measures and controls
- Compliance with security and PSD requirements
- Incident response and management
Module 9. PSD and Innovation: Regulatory sandboxes and innovation hubs
- PSD implications for innovation and fintech
- Regulatory sandboxes and innovation hubs
- Collaboration and partnerships between incumbents and fintechs
- Compliance with PSD requirements for innovative products and services
Module 10. PSD and International Cooperation: Cross-border payments and transactions
- PSD implications for international cooperation and collaboration
- Cross-border payments and transactions
- Compliance with PSD requirements for international transactions
- International cooperation and information sharing
Certificate of Completion
Upon completing the course, participants will receive a Certificate of Completion issued by The Art of Service. This certificate demonstrates the participant's understanding of the Payment Services Directive and their ability to implement its requirements in a real-world setting.Course Features
- Interactive and engaging lessons
- Comprehensive and up-to-date content
- Expert instructors with industry experience
- Personalized learning and support
- Flexible learning schedule and pace
- User-friendly and mobile-accessible platform
- Community-driven discussion forums
- Actionable insights and takeaways
- Hands-on projects and case studies
- Bite-sized lessons and modules
- Lifetime access to course materials
- Gamification and progress tracking
Who Should Take This Course?
- Financial institutions and payment service providers
- Compliance officers and risk managers
- Regulatory affairs specialists
- Financial technology and innovation professionals
- Anyone interested in understanding the Payment Services Directive and its implications