3-Day ISO20022 Product View Program

3-Day ISO20022 Product View Program

$3,390.00 Sale

ISO20022 – All the Payments Data your Business will Ever Need, all the Time

Scheduled Course Dates1:
Toronto: TBD - 2H 2024
Dates are chosen so that delegates can precede this course with the 2-Day ISO2002 Business View program.

Course Code: SPA-25B

Highlights

  • This 3-day course provides a product oriented view of ISO20022 which .
  • It is complementary to the 2-day program that precedes it, which provides a business view of ISO20022 and provides you with the information necessary to make a decision as to whether ISO20022 is of possible value to the organization, and therefore warrants an investment in further and more in depth investigation.

Why are we talking about ISO20022 for merchants and corporates?

By 2025, 90% of global bank large value settlements will be ISO20022 compliant, and most real time payments shortly thereafter. The speed and conditions for payment settlement will increasingly be impacted by additional data that will accompany the payment. That additional data is being defined by global and national compliance regimes to meet not just payment integrity, but also environmental, social, trade, supply chain, sanctions, competition, social equity, treasury etc. standards.

ISO20022 is much more than a ‘data standard’ – it is an open data framework that supports multiple vertical specific compliance regimes. This positions ISIO20022 as a data tool for business system compliance across the ever increasing complexity of multiple compliance standards. ISO20022 also supports multiple system architectures, including parallel processes, payor and/or payee integration, and a range of outsource models from data standard translation only, to full third party processing.

Your business systems have options

ISO20022 expands the definition of a payments transaction to include many types of additional business data, almost all of which is already captured through other systems by the front end of the payments ecosystem. Demands for compliance with this new world of expanded payments data will increasingly shift to that front end. This challenge can be met by a wide range of system architectures contemplated by the ISO20022 framework.

Aim of this course

This intensive 3 day program provides clarity as to:

  • Key ISO200222 business processes
  • Operational considerations 
  • The hierarchy of ISO20022 standards
  • The world of ISO20022 implementations
  • The ISO200222 business data model, its extensions and applications
  • Your organization’s ISO20022 data model
  • Vertical sectors targeted by ISO20022
  • Fit within the corporate organization
  • Challenges to global adoption
  • Proprietary survey based market perceptions of ISO20022

The aim of this program is to enable delegates to make decisions as to the potential feasibility of implementing ISO20022 standards in the organization’s systems and processes, and therefore warrant an investment in further and more in depth investigation of the impact on those systems.

Who Should Attend

This course is specifically designed for organizations that must make a decision as to whether or not the organization should move forward in planning their payments ISO20022 capabilities. The key consideration in the design of this training program is ‘How organizations can monetize ISO20022’.

Learning Outcomes:

By the end of this course delegates will be able to:

  • Specify how ISO20022 supports legacy payments processes
  • Identify implications for the operation of an ISO20022 service
  • Understand how ISO20022 works with related standards
  • Identify where ISO20022 is positioning as a key technology
  • Specify the structure of the business data used by ISO20022
  • Define the mechanisms for adapting ISO20022
  • Enumerate potential killer apps for ISO20022
  • Evaluate the applicability of the ISO20022 data model
  • Identify verticals first to be impacted by ISO20022
  • Advise on where ISO20022 may be of greatest value
  • Understand risks in the adoption of ISO20022
  • Identify the market value of ISO20022 enabled services

Program Details:

Key Processes

  • Generating and issuing a compliant ISO20022 message
  • Transporting the message
  • Receiving and processing the message

    Operational Considerations

    • The 13 potential actors in an ISO20022 transaction
    • Integrated versus parallel messaging
    • Sandboxing, testing and certification requirements

    The Hierarchy of ISO20022 Standards

    • XML, SWIFT MX, TWIST, OAGI, RosettaNet etc. inputs
    • SWIFT gpi, GMP, CBPR+, HVPS+, eBAM etc. best practices

    • nexo, Berlin, SEPA, FpML, FIX, TARGET etc. applications

    The world of ISO20022 implementations

    • G20, FSB, FATF, ISITC, DTCC etc. global initiatives
    • TCH, NACHA, ANSI, Federal Reserve etc. in the U.S.
    • SEPA, EURO1, TARGET2, STEP2, STET etc. in the E.U.

    Data Model Walkthrough

    • Top level Message types
    • Multiple levels of data elements under each Message
    • Per Message best practise guidance

     Data Model Extensions

    • SupplementaryData message extensions to data dictionary
    • External Code Sets as approved by Standards Eval Group
    • Data Source Schemes industry specific data fields

     Data Model Applications

    • Chargeback, loyalty, liquidity, contracts, trade, etc. apps
    • Next gen retail, securities, equities, B2B, POS transactions
    • Climate, ESG, risk, security, health care, stability support?

     Your Organization’s ISO20022 Data Model

    • The need for ISO20022 planning tools for business
    • Strategic and product views of ISO20022 data fields
    • Walkthrough of an ISO20022 business data manager

     ISO & SWIFT Targets

    • cross border trade
    • high value payments
    • POS commoditization 

    ISO20022 in the Corporation

    • supply chain, analytics, treasury etc. back office functions
    • straight thru, eInvoice, real time, securities etc. processing
    • customer relationship, loyalty, fintech etc. front office 

    Challenges to the Wider Adoption of ISO20022

    • Bank driven adoption and marketing
    • Migration and translation from legacy to new transaction formats
    • Competition from card schemes, CIPS, blockchains etc. 

    Example Market Perceptions from our Canadian Surveys

    • What ISO20022 is selling vs. what the end user wants
    • Early adopters, sophisticated users, and the average Joe
    • The desire for less costs versus more services

    Related Courses

    A 2-Day Business View allows you to determine if ISO20022 is of possible value to the organization, and therefore warrants an investment in further and more in depth investigation. The 3-Day Product View enables you to assess how to monetize ISO20022 in your organization. 

    Delegates who register for the 2-Day Business View and 3-Day Product View Programs will receive a 10% discount on the combined package (applied at checkout). 

    Approach:

    In delivering these training programs we aim for an immersive experience in which delegates can apply the information and skills gained during the course in their organizational contexts. The training program includes at least four hands-on exercises each day to provide delegates with the opportunity to reinforce their learnings and ensure that the learning outcomes are achieved.

    Students will receive a course workbook and completion certificate at the conclusion of this course.

    Credits

    SPA-25B: 2-Day – ISO20022 Product View Program is brought to you by VCS Technologies Inc. in partnership with the Secure Payments Academy and Technology Strategies International Inc.

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    1. We reserve the right to reschedule or cancel the course if we have insufficient registrations for the course. Delegates will be have the option of registering for the newly scheduled dates or a full refund, at their sole discretion.

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