Driving Payments Modernisation through SWIFT

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Driving Payments Modernisation through SWIFT

Jeffrey Edison, Global Solutions Lead, Banking & Shriyanka Hore, Global Product Strategy Payments at Oracle Financial Services talk about how cross-border payments is undergoing a massive transformation globally whilst SWIFT drives a broader payments modernisation strategy. They discuss whether payments modernisation should drive organisational and cultural change alongside a system overhaul and w…

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About Faisal Khan
Faisal Khan is a banking / payments consultant specializing in cross-border payment system and a digital money evangelist. He is the co-host of Around the Coin, a weekly podcast on Payments & Fintech with over 18,000+ listeners. Mr. Khan is a talent scout for Series A & B financing for various fintech VCs/funds. He is also a frequent contributor to popular Q &A site Quora where he has been a Top Writer 6 consecutive years.

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Understanding ISO 20022 and its Structure | Cards and Payments Part -17 | MX Series | SWIFT

#ISO20022 #SWIFT #payments #MTSeries #MXSeries #CardsandPayments

Hi All,

In this video we will do a deep dive on ISO20022 SWIFT messaging Standard for Cross Border Payments . We covered Cross Border Payments in the last video and this video is a further extension to it . It talks about the need of ISO 20022 and how its formed and also a comparison with the existing MT Series .

Since this covers end to end explanation the video is around 45 minutes. Therefore , if you wish to skip to a particular section you can use
This timeline index . That said, if you are new to this topic then I will strongly recommend you to see the entire video for maximum effectiveness and understanding.


Introduction : 00:00:00
Why is ISO 20022 needed? : 00:01:53
Does Everyone need to Migrate to ISO 20022 : 00:10:34
Structuring of a Simple ISO 20022 Format Credit Transfer Message : 00:16:11
Comparison between MT and MX Series Flow : 00:36:50
Comparison between MT and MX Series Structure : 00:40:56

Next up , we will be focussing a bit more on these areas and I will be making more videos on these topics . Do leave a comment and let me know what did you think about this video , feedback and any queries that you may have

Now you can login to http://ezeefied.com for all you needs on Cards and Payments Domain , Business Analysis , Data and Analytics .Do let me know what you think about the website by either leaving a comment on Youtube here or use the query form on the website . Thank a lot guys, your encouragement means everything to me .

Please don’t forget to Like, Share and Subscribe this video

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Reference Links ( These will be updated from time to time ):

* https://www.iso20022.org/sites/default/files/2022-02/introtoiso20022.pdf
* https://www.swift.com/standards/iso-20022/iso-20022-programme
* https://en.wikipedia.org/wiki/ASN.1