ISO 20022 Fundamentals Training Course

Overview

The ISO 20022 standard provides a methodology to describe business processes and a common business language, which can be rendered in different syntaxes enabling implementations for messaging and application programming interfaces (APIs). From a business point of view, the usage of this universal messaging standard improves efficiencies in delivering products and services.

This course is valuable for you, if: 

• You are interested in information processing in the financial services industry.
• You know something about how the financial industry works.
• You have heard about ISO 20022 and you want to know more: what it aims to do; who uses it and why; how to use it yourself.
• You regularly send or receive payment instructions, confirmations or statements in MT form and are therefore facing a global change to ISO 20022, starting at the end of 2022.

Course Outline

Introduction to ISO 20022

• This part introduces the key concepts of financial messaging, explains where ISO 20022 fits in, and outlines what makes it different from other standards.

ISO 20022 in Practice

• This part focuses on the use of ISO 20022 – where it is currently being used, and for what; it also contains some helpful advice on implementation. ISO 20022 is changing the world of payments starting in November 2022, and this section tells you what you need to know.

The ISO 20022 Organization

• Here we explain the ISO organization, and describe the various committees and working groups that together define, maintain and promote the standard.

ISO 20022 and SWIFT

• This part describes SWIFT’s long relationship with the standard, and describes the ISO Adoption Program, and how it affects all institutions using SWIFT for payments starting in November 2022.

Why ISO 20022?

• Finally, we give you ten good reasons why ISO 20022 is good for you and good for your business.

Who Should Attend?

Business analysts, back-office and IT managers, and staff from institutions such as distributors, transfer agents, fund administrators, portfolio managers, fund management companies, investor’s intermediaries and trustees.

Prerequisites

While some knowledge of the industry and the use of information processing might be helpful, we explain all the concepts and terms in this course.

This instructor lead course includes following:

• Training Delivery Over 1 Day
• Course Material
• Course Completion/ Attendance Certificate

Refreshments (tea/ coffee) will be provided free at venue for classroom courses.