Master the basics of Swift Network, Swift Products and Swift Messaging (MT and MX (ISO 20022))
The Introduction to Swift Network and Swift Messaging course is essential to learn about Swift and its role in the financial industry. This is essential for you if you are interested in working in payments or are new to the industry, especially as Swift connects financial institutions to securely transfer payments, with its solid infrastructure that is embedded in banking systems and market infrastructures around the world that makes this possible. This training shares an insight of how banking systems are highly reliant on Swift and how they use Swift to establish and maintain relationships with their counterparties. Swift is a key player in the financial industry as its systems ensure the smooth transition and flow of messages. The course equips you with the knowledge of the background of Swift and some of their flagship products, differentiating between the Swift services like FIN, FileAct and InterAct, and Swift messaging, and the structure of the Swift MT ISO 15022 messages and MX ISO 20022 messages. A short quiz is available at the end of each section to help you understand and retain the concepts of the course and also to identify any areas you might want to revisit on the course.
What you’ll learn
- Gain the understanding of Swift and ditinguish between the SWIFT services.
- Learn the Swift message types and differentiate between MT and MX (ISO 20022) messages.
- Gain knowledge of typical payment flow with Swift and identify the associated messages.
- Learn the overview of Swift Network and gain knowledge of its operation in the financial industry.
Course Content
- Introduction –> 1 lecture • 1min.
- What is Swift? –> 4 lectures • 6min.
- Swift Network and Infrastructure –> 4 lectures • 23min.
- Swift Financial Messaging –> 5 lectures • 30min.
- Course Summary –> 1 lecture • 1min.
Requirements
The Introduction to Swift Network and Swift Messaging course is essential to learn about Swift and its role in the financial industry. This is essential for you if you are interested in working in payments or are new to the industry, especially as Swift connects financial institutions to securely transfer payments, with its solid infrastructure that is embedded in banking systems and market infrastructures around the world that makes this possible. This training shares an insight of how banking systems are highly reliant on Swift and how they use Swift to establish and maintain relationships with their counterparties. Swift is a key player in the financial industry as its systems ensure the smooth transition and flow of messages. The course equips you with the knowledge of the background of Swift and some of their flagship products, differentiating between the Swift services like FIN, FileAct and InterAct, and Swift messaging, and the structure of the Swift MT ISO 15022 messages and MX ISO 20022 messages. A short quiz is available at the end of each section to help you understand and retain the concepts of the course and also to identify any areas you might want to revisit on the course.