Introduction

Cash transactions are still common worldwide. Agency banking, as a concept, has become an important part of the system. It is a channel wherein third-party agents conduct transactions or other activities on behalf of financial institutions.

An agency network is a cost-efficient strategy to reach remote, underserved markets. However, despite regulatory and legislative conditions becoming easy, financial institutions still refrain from adopting it.

Technology plays a critical role in enabling small vendors and other businesses to adopt the agency model. Although not widespread, third-party agents have become a critical part of the financial services ecosystem. Thus, understanding the agency model will be beneficial to all financial institutions.

This T4D training course will empower you with a detailed understanding and superior knowledge of the agency banking model. Since this is an unexplored-yet-critical domain, gaining experience will give you an advantage for rising banking sector opportunities.

Duration

5 Days

Who Should Attend

• Senior management of organisations who need to thoroughly understand the agency banking model to make appropriate strategic decisions
• Bankers and other staff responsible to ensure smooth operation with agents or third-party vendors
• Managers and leaders overseeing end-to-end management of the agency banking model
• Shareholders and other future participants/members who would like to know the health of a company before making investment decisions
• Internal and external auditors responsible for regular audits for adherence to required standards and legislative direction
• Legal advisors responsible for helping the organisation in the event of a dispute
• Agents and other third-party vendors interested in being part of the agency banking model