Blockchain is making revolutionary changes in various industries including, the finance sector. Using blockchain in the finance sector, many companies are already utilizing the benefits of this technology. But why should we consider using blockchain specifically? At present, the financial industry is plagued with a lot of issues such as increasing cyber-attacks, poor IT infrastructure, complicated regulations across territories, payment frauds and identity thefts, delayed cross-border transactions, and so on. However, the finance sector is failing to tackle these problems leading to low customer satisfaction. Here, using blockchain in banking these companies can finally get rid of all of these issues for good. So, how is Blockchain used in finance? Typically, blockchain can offer a lot of benefits such as efficient cross-border transactions, enforcing smart contracts, the establishment of central bank digital currency, increased data security, and many more. All of these advantages of using blockchain in the finance function are helping many enterprise-grade companies like HSBC, MasterCard, ING, etc. to solve their technological lacking. We at 101 Blockchains believe blockchain is a prominent solution to secure the future of finance. That’s why we are offering premium quality blockchain courses and certification to help you be educated on the subject matter. We offer a selection of masterclasses and courses specifically for blockchain in finance. Blockchain in Finance masterclass will focus on the practical implementation of blockchain and help you understand the effect of blockchain in the finance sector. Learn more about the course from here -> https://academy.101blockchains.com/courses/blockchain-in-finance Central Bank Digital Currency (CBDC) Masterclass will focus on asset tokenization schemes and highlight the scope of creating digital assets. Learn more about the course from here -> https://academy.101blockchains.com/courses/central-bank-digital-currency Enterprise Blockchains and Trade Finance Course will focus on how blockchain can improve current trade finance processes. Learn more about the course from here -> https://academy.101blockchains.com/courses/enterprise-blockchains-and-trade-finance We also offer lucrative certification courses for professionals who want to learn about blockchain in order to develop blockchain-based finance applications. Learn more about these courses from here -> Certified Enterprise Blockchain Professional (CEBP) course https://academy.101blockchains.com/courses/blockchain-expert-certification Certified Enterprise Blockchain Architect (CEBA) course https://academy.101blockchains.com/courses/certified-enterprise-blockchain-architect Certified Blockchain Security Architect (CBSE) course https://academy.101blockchains.com/courses/certified-blockchain-security-expert

1. BLOCKCHAIN IN FINANCE
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2. Why Learn Blockchain With Us?
Trusted Strategic Practical

3. What Are the Critical Issues of The
Finance Industry?
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Increasing Cyber Attacks
Delayed Cross-border
Transactions
Low Customer Satisfaction
Poor IT Infrastructure
Complicated Regulations Across
Territories
Payment Frauds and
Identity Thefts
Problems with Big Data
Repetitive KYC Procedures

4. Financial industries don't have proper technological
support for their security and risk management.
Finance sector is 300 times more likely to be targeted by
cybercriminals. It costs this industry $100 billion losses
every year!
Cybercriminals are constantly creating new ways to hack
into the system, and the security protocols in place are
not capable of stopping the attacks.
Increasing Cyber Attacks

5. Most financial companies still rely on legacy infrastructure
with outdated hardware support systems.
Being a non-revenue generating component IT
department suffers from low budgeting issues.
Only a handful of top-level executives have a
technological background; therefore, the IT department
suffers from negligence.
Poor IT Infrastructure

6. Financial companies have to deal with numerous industry
and government regulations, which is overwhelming.
Everchanging legislations and cybersecurity standards are
forcing financial industries to constantly update their
policies.
The increasing number of legislation makes it harder to
maintain compliance.
Complicated Regulations Across
Territories

7. Data silos create a barrier for financial companies from
having a holistic view of organizational data.
Many companies aren't transparent about the usage of
big data to their customers, which creates a lack of trust.
Most companies don't have the necessary analytical tools
to harness the full power of Big Data.
Problems with Big Data

8. Payment frauds and thefts cost the global finance $32.39
Billion losses, and it's expected to increase to $40.62 Billion
by 2027.
Expansion of the e-commerce sector without proper
financial support and security increases the risk for bank
credential thefts.
Financial industry is unable to tackle the alarming number
of identity theft.
Payment Frauds and Identity Thefts

9. Typically, it can take up to six business days to process
a cross-border payment, which cripples a lot of
businesses.
During any kind of disruption, the banking sector is
unable to offer proper support to their consumers'
cross-border payments.
The processing fee of cross-border payments,
including bank charges, are extremely high.
Delayed Cross-border Transactions

10. The increasing amount of identity thefts, money thefts, and
extremely slow service is causing the customers to lose
interest in financial companies.
In case of any security issues, most companies take days to
compensate for their customers' losses.
As the financial industry is not yet capable of handling
cybercriminals, customers are being skeptical of their
capabilities.
Low Customer Satisfaction

11. KYC procedures involve too much paperwork,
which is time-consuming and wasteful.
Customers have to go through the same repetitive
KYC procedures for banks every time they want to
open another bank account.
The issues with repetitive KYC procedures cause a
high level of dissatisfaction among the customers.
Repetitive KYC Procedures

12. How Is Blockchain Used in Finance?
Efficient Cross-Border
Transactions
Enforcing Smart
Contracts
Distributed and Secured
Record Storage
Establishment of Central
Bank Digital Currency
Improved Know Your
Customer (KYC) Procedures
Facilitating AML/CFT
Opportunities
Better Regulatory
Compliance
Increased Data Security
Increased Transparency
Offers Financial Facilities
to A Wider Population

13. Can offer a faster cross-border transaction
settlement that can take only minutes.
Provides low transaction fees.
Offers transparency, security, and affordability
compared to traditional financial practices.
Efficient Cross-Border Transactions

14. Preserves trust among parties participating in the contract.
Automates the whole process by using pre-established
rules.
Offers better dispute mitigation compared to traditional
procedures.
Enforcing Smart Contracts

15. Dissolves the operational cost of paper-based data storage
methods.
Provides immutable and distributed storage facilities that
are immune to corruption.
Eliminates the chance of complete loss of record compared
to paper-based recordkeeping.
Distributed and Secured Record
Storage

16. Innovates a new type of national digital currency that
replaces the fiat currency.
Develops a new type of digitized and distributed
global economic model.
Promotes the possibility of creating a fully
functioning cashless society.
Establishment of Central Bank Digital
Currency

17. Eliminates the need for paperwork by automating
the whole KYC process, which saves a lot of time and
resources.
By imposing interoperability among the banks,
blockchain eradicates the reputations of KYC
procedures.
Solves the overcomplications of financial practices
such as — financial history, source of money, business
interests, etc.
Improved Know Your Customer
(KYC) Procedures

18. Strengthens counter-terrorism financing and anti-
money laundering practices.
Makes it easier to detect illegal activities within a
blockchain network as every transaction is visible
on the ledger.
Restricts the barrier of entry as only verified
identities can get an entry within the financial
network.
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$
$
$
$
$
$
Facilitating AML/CFT Opportunities

19. Easier to keep up with the everchanging legislation
and cybersecurity standards throughout the globe.
By storing verified immutable data, the compliance
department and regulators can share files securely
between them.
Regulatory automation can replace the traditional
error-prone framework for reporting.
Better Regulatory Compliance

20. Offers immutable storage for data that can't be
altered once it gets added to the ledger system.
Makes it nearly impossible for cybercriminals to
breach financial database.
Can privatize and secure data to put a stop to
fraudulent transactions.
Increased Data Security

21. Ensures transparency within financial organizations that
helps to establish customer trust.
Reduces and exposes risky financial practices through
transparency, data aggregation, and tracking.
Makes it easy to forecast a financial crisis so that decision-
makers can devise a strategy to avoid it.
Increased Transparency

22. EOffers an alternative to traditional banking to a large
portion of unbanked and underbanked population in the
world.
Can save the rural population that relies on the hostile
lenders and loan sharks that demand extremely high-
interest rates and fees.
Could replace predatory financial business practices, such
as — payday advances and check cashing, with transparent
and fairer systems.
Offers Financial Facilities to A Wider
Population

23. Prominent names in the financial industry, such as —
HSBC, Citibank, Barclays, Visa, MasterCard, etc., are
already investing heavily in blockchain-based solutions.
Many governments are enthusiast about deploying
CBDCs (DCEP from China, Digital Dollar Project from the
USA).
Other forms of tokenized digital assets, such as — lands,
commodities, currencies, debt, equity, etc., are slowly
getting traction.
Mass awareness, education, and skepticisms still pose
major blockchain adoption challenges.
Is Blockchain The Future
of Finance?

24. Blockchain Masterclasses and Courses
Suitable for the Finance Industry
Central Bank Digital Currency
(CBDC) Masterclass
Blockchain in Finance
Masterclass
https://academy.101blockchains.com/cour
ses/blockchain-in-finance
https://academy.101blockchains.com/courses/c
entral-bank-digital-currency
Enterprise Blockchains and
Trade Finance Course
https://academy.101blockchains.com/courses/ent
erprise-blockchains-and-trade-finance

25. 101 Blockchains Certifications
Certified Enterprise
Blockchain Professional
Certified Enterprise
Blockchain Architect
Certified Blockchain
Security Expert
https://academy.101blockchains.com/cour
ses/certified-enterprise-blockchain-
architect
https://academy.101blockchains.com/cours
es/certified-blockchain-security-expert
CEBA CBSE
CEBP
https://academy.101blockchains.com/
courses/blockchain-expert-
certification

26. Why You Must Go With 101 Blockchains
Certification Courses?
High-Quality Research Information
First-class Training Content
Interactive Exercises
Flexible Learning Using Modular
Approach
Access to Bonus Training Materials
Various Training Strategies for Faster
Learning
Tangible Proof of Course Completion
Weekly Hands-on Assignments
Professional Instructors
Premium Support

27. Free Resources
Enterprise Blockchains Fundamentals - Free Course
Blockchain Webinars
Blockchain Conferences

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29. Thank You
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