Get this course ($350.00)

Payments

ISO 20022: The Global Standard for Modern Payments Messaging (P102-011)


Description

ISO 20022 has become the global language of modern payments.

Financial institutions, central banks, payment schemes, fintechs, clearing houses, regulators, and payment processors worldwide are adopting ISO 20022 to improve interoperability, increase data richness, strengthen compliance, enable faster payments, and support innovation.

This course provides you with a comprehensive understanding of ISO 20022, from its origins and business drivers through to message structures, payment flows, implementation challenges, operational impacts, compliance benefits, and future opportunities.

The course is designed for:

  • Banking professionals
  • Payments professionals
  • Fintech employees
  • Product managers
  • Business analysts
  • Operations teams
  • Compliance teams
  • Technology teams
  • Customer support staff
  • Sales professionals working in payments


Learning Outcomes:

By the end of this course you will be able to (amongst other):

  • Explain the purpose and evolution of ISO 20022
  • Understand why the global payments industry is migrating to ISO 20022
  • Describe the ISO 20022 data model
  • Interpret ISO 20022 message structures
  • Understand key message categories

Contact Us:: training@transacttraining.online Average Course Durat...: 12-15 Hours Time for Course Comp...: 30 Days

Content
  • Introduction
  • Welcome Letter
  • Accessing Course Toolkits and Reference Material
  • Use of Multimedia
  • MODULE 1: Introduction to ISO 20022
  • Module Learning Objectives
  • Module Key Terms
  • The Evolution of Payments Messaging
  • Why Standards Matter
  • Limitations of Legacy Messaging
  • The Birth of ISO 20022
  • Global Adoption Journey
  • Summary: Module 1
  • Assessment: Module 1
  • MODULE 2: Understanding the ISO 20022 Framework
  • Module Learning Objectives
  • Module Key Terms
  • What Exactly is ISO 20022?
  • Business Model vs Technical Standard
  • Common Business Components
  • Data Dictionaries
  • Business Process Modelling
  • Message Development Methodology
  • Summary: Module 2
  • Assessment: Module 2
  • MODULE 3: ISO 20022 Architecture & Design Principles
  • Module Learning Objectives
  • Module Key Terms
  • Business Layer
  • Logical Layer
  • Physical Layer
  • Data Modelling Concepts
  • Interoperability Principles (1)
  • Interoperability Principles (2)
  • Extensibility & Future-Proofing (1)
  • Extensibility & Future-Proofing (2)
  • Summary: Module 3
  • Assessment: Module 3
  • MODULE 4: Understanding ISO 20022 Message Structure
  • Module Learning Objectives
  • Module Key Terms
  • Introduction to XML
  • Message Components
  • Headers
  • Payment Data Elements
  • Structured Data Fields
  • Business Rules
  • Validation Concepts (1)
  • Validation Concepts (2)
  • Summary: Module 4
  • Assessment: Module 4
  • MODULE 5: Core ISO 20022 Message Categories
  • Module Learning Objectives
  • Module Key Terms
  • Payment Initiation Messages (pain)
  • Payments Clearing & Settlement Messages (pacs)
  • Cash Management Messages (camt)
  • Account Management Messages (acmt)
  • Authentication Messages (auth)
  • Administrative Messages (admi)
  • Summary: Module 5
  • Assessment: Module 5
  • MODULE 6: Deep Dive into Key Messages
  • Module Learning Objectives
  • Module Key Terms
  • pain.001 Customer Credit Transfer
  • pain.002 Payment Status Report
  • pacs.008 Financial Institution Credit Transfer
  • pacs.002 Status Messages
  • camt.053 Bank Statements
  • MODULE 7: ISO 20022 in Different Payment Systems
  • MODULE 8: ISO 20022 & Compliance
  • MODULE 9: Operational Impacts Across the Payments Ecosystem
  • MODULE 10: Migration to ISO 20022
  • MODULE 11: ISO 20022 in South Africa & Africa
  • MODULE 12: The Future of ISO 20022
  • Course Evaluation
  • Course Evaluation
Completion rules
  • All units must be completed
  • Leads to a certificate with a duration: Forever
Back