The market infrastructure that supports cross-border payments has scarcely changed since 1977, when SWIFT launched a messaging service with standardized codes and instructions for payment communications between members. Following the lead of 21st Century disruptors such as AliPay and WeChatPay, uninhibited by legacy systems, comes ISO 20022, a multi-part International Standard prepared by ISO Technical Committee TC68 Financial Services.
ISO 20022 moves beyond the old tools — proprietary messaging formats, protocols, and standards developed decades ago based on local laws and the available technology — that weren’t designed for global interoperability. Instead, it describes a common platform for the development of messages for cross-border payments, setting a flexible infrastructure that facilitates information exchange and helps to harmonize the payments language between old and new technologies. Its focus is on getting the global financial community on the same page and removing the barriers that complicate compliance.
Totale prijs *
Leden: € 300
Niet-leden: € 330
Partner BZB: € 300
Incompany: op maat, prijzen op aanvraag
13/09/2022 - 13:30u - 17:00u - The compliance impacts of ISO 20022: the new standard in payments
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The training course can be followed by various target groups which are active within a financial institution:
Advanced level: offers practical applications to the already acquired theoretical knowledge of the "basic level" courses (deepening).
Additional prior knowledge required:
To experience the most impact of this course, it is best that you have acquired a certain basic knowledge/notion of payments during your career.
Preparation of participants: /
Duration: ½ day training
Address: Febelfin Academy, Phoenix Building - Koning Albert II-laan/Boulevard du Roi Albert II 19 1210 Brussels
You follow a ‘Classroom training’ in a group. You, the other participants and the teacher are all present in the same classroom at an agreed time. There is an opportunity for interaction and feedback, both from the participants to the teacher and vice versa. The teaching material consists as a basis of a presentation via the MyFA learning platform, supplemented with various other items (such as digital syllabus, presentation, audiovisual fragments, etc.).
Type of course: Classroom
During our theoretical training courses we offer a combination of theory and practical exercises. The cases, examples and exercises are taken from everyday situations or are contributed by you and then solved under the guidance of the trainer.
Training material: PowerPoint presentation
Clearing, settlements & payments