Description
MRC Members receive exclusive pricing when accessed through the member portal.
The Open Banking Essentials course is a self-paced, introductory program covering the basics of open banking. You’ll gain an understanding of open banking, its various use cases, and the types of data access methods. Explore the key global markets for open banking and understand the distinct position of the US within this ecosystem. Additionally, you'll become familiar with essential open banking terminology and grasp the general flow of open banking payments. By the end of the course, you'll understand the benefits of open banking for both consumers and merchants.
Who Should Enroll?
- Payment professionals seeking to understand how open banking can enhance their operations.
- Banking and financial services professionals who need to keep up with the latest trends in digital banking.
- Regulatory and compliance officers responsible for ensuring that financial operations comply with emerging regulations and standards in the open banking ecosystem.
- Data Security and privacy specialists requiring an understanding of the security implications of different data access methods in open banking.
- This course may also benefit financial technology (FinTech) innovators, customer experience managers in financial services, and IT and technical professionals in banking.
Program Details
Program Level: Basic
Program Field of Study: Specialized Knowledge
Program Delivery Method: QAS Self Study
CPE Credits: 1.2
Advanced Preparation and/or Pre-requisites: None
For more information regarding any concerns, please email us at [email protected].
Refunds and cancellations are determined on a case-by-case basis. Cancellations and requests for refunds must be communicated in writing to [email protected]. Refunds will not be issued once a course has been started. Additionally, courses must be completed within one year of purchase.
Merchant Risk Council is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have the final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org
Course Created: 05/31/2023
Updated: 9/4/2024
Objectives
- Define open banking
- Understand use cases of open banking
- Identify types of data access methods
- Understand the key differences between data access methods, including security considerations
- Understand the regulatory vs market-driven approach
- Define the key markets globally and the different market approaches
- Explain the unique position of the US in the open banking ecosystem.
- Define open banking key terms
- Understand the general open banking payments flow
- Understand the benefits of open banking for both consumers and merchants
Certificate
By completing/passing this course, you will attain the certificate MRC Education Certificate of Completion
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