Elements Of E-Money And E-Banking Technology
Definition of e-money and crypto or virtual currency. Nature of cryptocurrency and cryptoassets. Value of cryptocurrency. Nature and process of blockchain. Applications of Cryptocurrency. Benefits of cryptocurrency. Concepts of Bitcoin. Role of anonymity and privacy 123 in Bitcoin ecosystem.…
Learning outcomes
Upon completion of this course, student should be able to: 1. exhibit basic knowledge of the concepts of e-currency and cryptocurrencies with emphasis on e-naira - nature, process and the e-naira wallet; 2. identify the blockchain technology and their possible applications in businesses; 3. apply skills on security measures, and other types of services that may allow people to trade and transact with Bitcoins; 4. recognize the role of anonymity and privacy in Bitcoin ecosystem and applications of blockchain in real world sceneries; 5. display knowledge of the significant role of modern technologies in the operations of banking services for proper management of organizational operations; 6. appreciate and Understand various Digital Products and their implementation in banking industry and probable leverage of digital banking for enhancing the profitability of banks; 7. display appreciation of importance of new technologies and their usage as well as digital disruptions and transformation of new business models in banking; and 8. demonstrate requisite practical skills in application of these technologies and use of various social platforms in the processes of securities and investments management.
Course contents
Definition of e-money and crypto or virtual currency. Nature of cryptocurrency and cryptoassets. Value of cryptocurrency. Nature and process of blockchain. Applications of Cryptocurrency. Benefits of cryptocurrency. Concepts of Bitcoin. Role of anonymity and privacy 123 in Bitcoin ecosystem. Altcoins, smart contract, and other crypto assets. Methods of i.e. storing Bitcoin keys. e-Naira, nature, process and the e-naira wallet. Distinction between Bitcoin and e-naira. Challenges and legal framework of cryptocurrencies. Banking technology defined. Electronic banking, definition, evolution (basic informational, simple transactional, advanced transactional and virtual transactional). Benefits and challenges. Electronic money – nature and applications. Electronic transfers – processes and procedures. ATMs – types, benefits and challenges. PoS. Mobile banking. Internet, extranet & intranet banking. The computer and banking – adoption, promises and peril of the technologies to management of securities and investment. Overview of global and domestic payment systems. Changing trends and innovations in payment systems. Digital disruptions and its concepts, transformation in banking. Creation of new business models. Overview to blockchain technology. Artificial Intelligence. Cloud computing. Big data.