Fundamentals of ISO20022 and SWIFT Standards MX for Payments 

Fundamentals of ISO20022 and SWIFT Standards MX for Payments 

The Payments Industry worldwide is adopting ISO20022 messaging standard. Fundamentals program will introduce you to basics of payments and use of ISO 20022 Universal Financial Industry Messaging Standard as also SWIFT Standards MX in payments industry. 

MVLCO offers an introduction program on ISO 20022 and SWIFT Standards MX for Payments. Already adopted by 70+ countries, it is estimated that ISO 20022 standard will support 87% of global financial transactions by 2023. Major High Value Payment Systems like Fedwire, CHIPS,TARGET2, UK CHAPS are migrating to ISO 20022. SWIFT will also end support to Standards MT for payments from year 2025 and operate on ISO 20022. Blockchain like Ripple are also planning to use ISO 20022. To survive in the competition, it is imperative for you to know about ISO20022 and stay up-to-date.

What will you learn?

When you complete the Fundamentals Class, you will have understanding of :

• Types of payment and settlement systems
• Key elements of payment and settlement
• What is ISO 20022 and why it is needed
• How ISO 20022 messages are developed
• ISO XML schema definitions and instances
• Overview of SWIFT Standards MX, CBPR+, HVPS+
• How to use ISO 20022 pacs, pain and camt messages for payments

Course Inclusions

The course fees include cost of coursenote, course delivery and Participation certificate. The course fee does not include recordings as a part of course material. The recordings are available on chargeable basis.