Castille Institute will be running two courses, ‘Fintech for non-IT professionals’ and ‘Global anti-money laundering and KYC compliance’ by international speaker Richard Barr. The first course will be held on March 12 and 13.

From start-ups all around the world, entrepreneurs are applying their creativity and technical ingenuity all along the financial services value chain. This wave of innovation promises a fintech revolution that will change financial ser­vices for ever. For consumers and business alike there is the promise of vastly improved financial services. 

Consumers will get more choices and keener pricing. Small- and medium-sized businesses will gain access to new forms and lines of credit. Banks’ productivity will in­crease, transaction costs will come down and operational resilience will be better. All this will lead to a more re­silient financial system with greater diversity, redundancy and depth. Most importantly, financial services will be­come more inclusive, while people will become better con­nected, more informed and increasingly empowered. 

If one would like to keep up-to-date in the fast-changing fintech scenario, one needs to understand what it is all about. And if one is a non-IT professional one needs this information presented in clear, non-technical terms. 

‘Global anti-money laundering and KYC compliance’ will be held on March 15 and 16.

In recent times, regulators have shown an extremely heightened focus on AML/KYC, with huge fines being levied against global financial institutions – such as HSBC and Standard Chartered – when they failed to comply with current legislation. The risks are high for financial in­stitutions should they fail to ensure a proper screening pro­cess in their AML operations.

The penalties for failure in­clude not only sizeable fines against companies, but potential jail terms for individuals. And this is not about jailing the actual money launderers, it is about the jailing of staff of the bank, or the custodian, or the investment manager who, whether due to ignorance or just inefficiency, fails to report a suspicious event, or in some other way unwittingly aids and abets a money launderer. 

For more information about both courses visit http://castilleresources.com . Alternately one may call 2093 3280 or e-mail institute@castilleresources.com.