Banking Services

Consumer Banking - Part 3 (2021)


This eCourse consists of two modules. Module 1 provides a high-level overview of a more complex payments marketplace where new technologies, changing consumer behavior, and the opening up of the payments market to nonbanks has given rise to a global PayTech industry.

Module 2 looks at the background and key objectives of PSD2, together with the changes it is bringing to bank products and services as well as their business models.


On completion of this tutorial, you will be able to:
- List the key events in the evolution of money and payments
- Identify the different types of payments systems and networks
- Recognise the influential role played by EU regulation in shaping the digital payments landscape
- List the benefits and drawbacks of cash as a means of payment
- Define e-money and other forms of digital money
- Recognise the structure of the payments ecosystem and how the participants within it have evolved
- Recall the background to PSD2
- Define the role played by TPPs, PISPs, and AISPs
- Recognise the importance of data protection under PSD2
- Identify common and secure communication methods, and SCA
- Recognise the impact of PSD2 on open banking and new business models
- Identify the impact of PSD2 on other key banking activities


Module 1: Consumer Payments - An Introduction
Topic 1: Brief History of Money & Payments
Topic 2: Payments Systems & Networks
Topic 3: Key Regulatory Drivers
Topic 4: Payments Media
Topic 5: Payments Ecosystem

Module 2: PSD2 & Open Banking
Topic 1: PSD2 Overview
Topic 2: Third Parties, PISPs, & AISPs
Topic 3: Data Protection
Topic 4: Communication & Authentication
Topic 5: Open Banking & New Business Models
Topic 6: Other Impacts of PSD2


Relevant Subject
SFC:1.50, PWMA:1.50
Chinese Securities Association of Hong Kong (HKCSA): HK$470
Staff of Corporate Member: HK$450
All Member: HK$450
Non-Member: HK$675