Foundations of Business Banking

Introduction

• Welcome to the course: Business banking

1. Overview of Business Services Provided by Banks

• Accepting and managing payment: Merchant services
• Business loans
• Payroll services
• Business advising
• Banking terminology

2. Bank Regulatory Environment

• Banking regulation
• Role of central banks
• What is the difference between a bank and a credit union?
• Investment banks

3. Forms of Business Financing Provided by Banks

• Loan covenants
• Fixed-rate vs. variable-rate loans
• Short-term vs. long-term loans
• Asset-backed loans
• Lines of credit

4. Payments and Collections through Banks

• Checking account float and Watertown, New York
• Electronic funds transfer (EFT)
• Credit and debit cards
• Cross-border cash transactions

5. Advances in Banking Technology

• What is fintech?
• Mobile banking
• Blockchain: Introduction
• Blockchain: Comparison to centralized data storage
• Cryptocurrency
• Internet of Things
• Big data
• Alternative financing

6. Bank Relationship Management

• Value of a positive relationship with your banker