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.

Chapters:

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

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Pictures : www.wikipedia.org
www.pexels.com
www.swift.com
www.iso20022.org

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

https://www.iso20022.org/sites/defaul...
https://www.swift.com/standards/iso-2...
https://en.wikipedia.org/wiki/ASN.1