Mastering ISO 20022 The Complete Payments Course

What you'll learn
Master all 10 core ISO 20022 payment messages - pain.001, pain.002, pacs.008, pacs.002, pacs.004, camt.056, camt.029, camt.054 etc. with complete understanding
Understand settlement methods and correspondent banking - INDA, INGA, COVE, CLRG settlement, nostro/vostro accounts, and how banks actually move money globally
Read and troubleshoot ISO 20022 messages - Decode XML structure, interpret status codes, fix errors, and understand complete end-to-end payment flows
Apply practical skills immediately - Follow real payment examples and learn automated reconciliation techniques used in modern banking
Requirements
Basic banking familiarity helpful but not required - designed for beginners to professionals with no prior ISO 20022 or XML knowledge needed.
Description
Master ISO 20022 the Practical Way - With Real Payment FlowsIf you've ever tried to learn ISO 20022 from official documentation, you already know how overwhelming it can feel. Hundreds of pages. Dense XML schemas. Abstract explanations. And very little clarity on how these messages actually work in real banking environments.This course takes a completely different approach.Instead of drowning you in theory, we follow one realistic, end-to-end cross-border payment scenario throughout the course:British Motors Ltd (UK) sends EUR 100,000 to Munich Auto Parts GmbH (Germany)via HSBC and Deutsche BankYou'll track this single payment from the moment the customer initiates it, through interbank processing and settlement, all the way to final account statements and reporting. Every message, every role, every movement is explained in context.Strong Foundations Before Deep Technical DetailThe course starts by building the right foundation:How payments actually work (messaging, clearing, settlement)What ISO is and why standards existWhat ISO 20022 really is - and what it is notThe ISO 20022 timeline from 2004 to 2025Who developed ISO 20022 and how governance worksSWIFT's role in ISO 20022 adoptionWhy having multiple message standards caused real operational problemsHow ISO 20022 messages are registered and maintainedThis ensures you understand why ISO 20022 exists, not just how it looks.From MT to MX - Understanding the Industry ShiftYou'll then move into the real transformation:The world MT messages were designed forThe practical limitations of MT messagesSide-by-side comparisons of MT vs MXHow SWIFT MX relates to ISO 20022Party name changes and new party concepts in MXThe six ISO 20022 message domainsHow to decode ISO 20022 message identifiersBy the end of this section, you'll clearly understand why ISO 20022 was inevitable and what fundamentally changed.XML, Structure, and CBPR+ - Made UnderstandableBefore diving into real messages, we simplify the technical layer:XML elements and structure (step by step)How MX messages are actually builtDistinguished names and identifiersCBPR+ (Cross-Border Payments and Reporting Plus)Character sets and why they matterInternal and external codes used in ISO 20022 paymentsNo developer background required - everything is explained from a payments perspective, not a programming one.Correspondent Banking & Settlement - How Money Really MovesISO 20022 messages only make sense when you understand settlement.You'll learn:What correspondent banking really meansNostro, vostro, and loro accounts (with clarity)Settlement methods: INGA, INDA, COVE, and CLRGWhen each method is used in real payment flowsHow message flows and money flows are connectedThis is where many learners struggle - and where this course gives you a major advantage.The Heart of the Course: Real ISO 20022 Messages, End to EndThe core of the course is a full, real-world payment message chain, explained message by messageain.001 - Customer payment initiationpain.002 - Bank acceptance or rejectionpacs.008 - Bank-to-bank credit transferpacs.002 - Interbank status and confirmationpacs.004 - Payment returnscamt.056 - Cancellation requestscamt.029 - Investigation responsescamt.054 - Debit/credit notificationscamt.052 - Intraday account reportscamt.053 - Official bank statementsFor each message, you get:Clear purpose and usageFull structure breakdownField-by-field explanationsAnnotated XML walkthroughsCommon mistakes and how to fix themHow each message fits into the overall payment lifecycleCritical Concepts You'll Finally Understand ClearlyYou'll master concepts that confuse even experienced professionals, such as:Static vs dynamic parties(Debtor and Creditor never change - intermediaries do)Multi-bank payment chainsSettlement amount calculationsCharges handlingUETR and payment trackingStructured remittance and automated reconciliationStop struggling with dense documentation.Stop guessing how messages actually work.Learn ISO 20022 the way it should be taught - practically, clearly, and end to end.Enroll now and follow a real payment through the global financial system.
Who this course is for
Payment IT and Operations professionals, SWIFT operations staff, developers, business analysts, and any professionals who want to understand ISO 20022 messages in real-world payment flows.
Homepage