BAFT today released the Certificate in Introductory Transaction Banking (CITB), an online self-guided study through the basics of global transaction banking (GTB). The certificate is an effort to address a gap in readily available education for those looking to understand transaction banking and is available via the BAFT Learning Management System.
WASHINGTON — BAFT, the leading global trade association for transaction banking, today released the Certificate in Introductory Transaction Banking (CITB), an online self-guided study through the basics of global transaction banking (GTB). The certificate covers payments, trade, and compliance for entry-level bankers or for those transferring into GTB from another discipline within the bank.
The certificate is an effort to address a gap in readily available education for those looking to understand transaction banking.
“BAFT has always been a channel for delivering quality training and education, however, we noticed a significant need to educate the next generation of bankers on the basics of transaction banking,” said Tod Burwell, president and CEO, BAFT. “We are excited to share this certificate with the industry, which complements some of our other human capital development offerings such as our Future Leaders Program.”
Participants will obtain a basic understanding of the key transaction banking services including cash management, trade finance, compliance, correspondent banking and cross-border payments; in addition to common industry terminology, and the role these products play in the banking industry. Finally, candidates will understand the rich history of transaction banking, where it stands in its evolution today, and explore the innovative efforts being made by the industry.
The certificate is comprised of seven courses, which is expected to take a candidate roughly five to seven hours to complete. Each course is self-study with detailed voice overviews from the authors, including knowledge checks, cases studies, and concludes with a mandatory exam.
To develop the certificate, BAFT convened a core advisory group of global correspondent bankers who specialize in each of the core areas of transaction banking. BAFT’s Certificate in Introductory Transaction Banking provides a strong foundation for new hires as well as more senior staff that are new to transaction banking.
“Having an awareness of the core elements is critical to ultimately mastering transaction banking as the business is complex and continues to evolve rapidly,” said Chuck Kohler, an advisor and EVP, global payment services, Wells Fargo.
Advisors George Adrianos of BNP Paribas, John Ladany of Citi, Barry Tooker of iSoftware4Banks and Inna Gogoua of PNC Bank were also instrumental in the development and review of the certificate.
The courses were authored by well-known industry experts Craig Weeks and Alexander Malaket.
The Certificate in Introductory Transaction Banking is available on the BAFT Learning Management System here.
For inquires or to find out about group pricing please contact Shawn Haynes at [email protected].
About BAFT
BAFT, the leading global financial services association for international transaction banking, helps bridge solutions across financial institutions, service providers and the regulatory community that promote sound financial practices enabling innovation, efficiency, and commercial growth. BAFT engages on a wide range of topics affecting transaction banking, including trade finance, payments, and compliance. The association website is www.baft.org.
BAFT Media Contact:
Blair Bernstein
[email protected]
+ 1 (202) 663-5468
