ISO 20022 and SWIFT MX Messages Course: Prepare for the Looming November 2025 Deadline (ONLINE EVENT: December 10, 2024) - ResearchAndMarkets.com

The "ISO 20022 and SWIFT MX Messages" training has been added to ResearchAndMarkets.com's offering.

Attend this 1-day practical course conducted by a senior market expert to fully understand the transition process and its implications for the sector and your daily workflow, and to prepare effectively for the upcoming changes.

For 40 years MT standard has enabled financial institutions to communicate effectively by providing industry automation and reducing the cost and risk of cross-border business which enabled the development of the correspondent banking system on which world trade depends. But the system is now being replaced by a new, more efficient ISO 20022 standard which offers unique ability to carry much richer data compared to older MT format.

The ISO 20022 MX standard offers many benefits from global standardisation, to improved data quality, increased operational efficiency and enhanced customer experience. The change will affect financial institutions across the globe from funds, trade finance organisations, foreign exchange trading companies, credit card providers and corporations.

With the looming deadline set for November 2025, the preparations for transition should put the bed on every bank's strategic initiative list.

What will you learn

By attending this 1 day ISO 20022 course you will:

• Get equipped with an understanding of the SWIFT migration process and its impact
• Gain knowledge of the key features and benefits of ISO 20222 for the specific needs of trade finance, corporate finance, and asset management as well as other market players
• Identify potential impacts of ISO 20222 on your current workflows and processes
• Explore how ISO 20222 can improve efficiency and automation in payment processing
• Learn about the technical infrastructure for SWIFT migration from MT to ISO 20222
• Explore key considerations for mapping MT messages to corresponding ISO 20222 message types
• Understand the strategies for testing and validation of MX messages
• Learn about the regulatory and technical considerations
• Understand potential challenges and plan the next steps

Who Should Attend:

This workshop is designed for Banking and Financial Services teams managing payments infrastructures especially for trade finance, corporate finance, retail banking and asset management and anyone who wants to learn about the transition to ISO 20022 MX Standard.

Professionals from:

• Payments & Settlements
• Trade Finance
• Operational staff
• Global Transactional Banking
• Product managers
• Business Analysts
• IT and infrastructure experts

Key Topics Covered:

• The ISO 20222 standard: core concepts and structure
• The message formats: MT vs ISO 20022 MX Format
• Benefits of ISO 20222
• Overview of Message Mapping and Conversion
• SWIFT codes and message structure
• Impact on Specific Business Areas including Trade Finance, Corporate Finance / Correspondent Banking and Asset Management
• Worked examples: mapping sample MT messages to corresponding ISO 20222 messages
• MT-to-MX conversion for correspondent banking and cross-border payments
• Technical considerations and system integrations
• Testing and validation strategies
• Identifying potential challenges and mitigation strategies
• Regulatory and jurisdictional considerations across US/Americas, EMEA and APAC
• Understanding potential challenges and planning the next steps

For more information about this training visit https://www.researchandmarkets.com/r/jelrjr

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