Real-time Payments Systems And Iso 20022 Training Course

Introduction

Navigate the future of financial transactions with our comprehensive Real-Time Payments Systems and ISO 20022 Training Course. This program is meticulously designed to equip professionals with the essential skills to implement and manage real-time payment systems while adhering to the ISO 20022 standards. In a world demanding instant transactions, mastering real-time payment systems and ISO 20022 is crucial for organizations seeking to enhance efficiency and ensure seamless interoperability. Our real-time payments ISO 20022 training course provides in-depth knowledge and practical applications, empowering you to navigate the complexities of message formats, system architecture, and operational requirements.

This real-time payments systems and ISO 20022 training delves into the core components of modern payment systems, covering topics such as message formats, system architecture, and operational requirements. You’ll gain expertise in using industry-leading tools and techniques to real-time payments systems and ISO 20022, meeting the demands of modern financial infrastructure. Whether you're a payment system specialist, IT professional, or regulatory expert, this Real-Time Payments Systems and ISO 20022 course will empower you to drive strategic innovation and optimize payment system performance.

Target Audience:

• Payment System Specialists
• IT Professionals
• Regulatory Experts
• Payment System Architects
• Financial Analysts
• Compliance Officers
• Project Managers

Course Objectives:

• Understand the fundamentals of real-time payments systems and ISO 20022.
• Master ISO 20022 message formats for payment transactions.
• Utilize system architecture principles for real-time payment systems.
• Implement operational requirements for real-time payment systems.
• Design and build real-time payment system infrastructures.
• Optimize real-time payment system performance and efficiency.
• Troubleshoot and address common real-time payment system issues.
• Implement data security and privacy measures in real-time payments.
• Integrate ISO 20022 with existing payment systems.
• Understand the regulatory implications of real-time payments and ISO 20022.
• Explore emerging trends in real-time payment technologies.
• Apply real world use cases for real-time payments and ISO 20022.
• Leverage ISO 20022 tools and frameworks for efficient implementation.

Duration

10 Days

Course content

Module 1: Introduction to Real-Time Payments and ISO 20022

• Fundamentals of real-time payments systems and ISO 20022.
• Overview of real-time payment system architectures.
• Setting up an ISO 20022 implementation framework.
• Introduction to ISO 20022 message formats and standards.
• Best practices for real-time payments initiation.

Module 2: ISO 20022 Message Formats

• Mastering ISO 20022 message formats for payment transactions.
• Utilizing XML and other ISO 20022 formats.
• Implementing message validation and transformation.
• Designing and building ISO 20022 compliant messages.
• Best practices for message formatting.

Module 3: System Architecture for Real-Time Payments

• Utilizing system architecture principles for real-time payment systems.
• Implementing microservices and API architectures.
• Utilizing message queuing and streaming technologies.
• Designing and building scalable payment systems.
• Best practices for system architecture.

Module 4: Operational Requirements for Real-Time Payments

• Implementing operational requirements for real-time payment systems.
• Utilizing high availability and fault tolerance.
• Implementing performance monitoring and alerting.
• Designing and building operational support systems.
• Best practices for operational management.

Module 5: Real-Time Payment System Infrastructure

• Designing and build real-time payment system infrastructures.
• Utilizing cloud-based and on-premise solutions.
• Implementing network and security infrastructure.
• Designing and building infrastructure architectures.
• Best practices for infrastructure development.

Module 6: Optimizing Payment System Performance

• Optimizing real-time payment system performance and efficiency.
• Utilizing performance tuning and optimization techniques.
• Implementing load balancing and capacity planning.
• Designing and building performance monitoring tools.
• Best practices for performance optimization.

Module 7: Troubleshooting Payment System Issues

• Troubleshooting and addressing common real-time payment system issues.
• Analyzing transaction logs and error reports.
• Utilizing debugging and diagnostic tools.
• Resolving common latency and throughput issues.
• Best practices for issue resolution.

Module 8: Data Security and Privacy

• Implementing data security and privacy measures in real-time payments.
• Utilizing encryption and tokenization.
• Implementing access control and authentication.
• Designing and building secure data management systems.
• Best practices for data protection.

Module 9: ISO 20022 Integration

• Integrating ISO 20022 with existing payment systems.
• Utilizing message mapping and translation.
• Implementing API integrations and data exchange.
• Designing and building integration strategies.
• Best practices for system integration.

Module 10: Regulatory Implications

• Understanding the regulatory implications of real-time payments and ISO 20022.
• Utilizing compliance with PSD2 and other regulations.
• Implementing regulatory reporting and audit trails.
• Designing and building compliant payment systems.
• Best practices for regulatory adherence.

Module 11: Emerging Trends in Payment Technology

• Exploring emerging trends in real-time payment technologies.
• Utilizing instant payment schemes and mobile payments.
• Implementing blockchain and distributed ledger technology (DLT).
• Designing and building future-proof payment systems.
• Optimizing advanced payment applications.
• Best practices for innovation.

Module 12: Real-World Use Cases

• Applying real world use cases for real-time payments and ISO 20022.
• Utilizing instant retail payments.
• Implementing cross-border real-time settlements.
• Utilizing corporate real-time payments.
• Implementing ISO 20022 in securities settlement.
• Best practices for real-world application.

Module 13: ISO 20022 Tools and Frameworks

• Leveraging ISO 20022 tools and frameworks for efficient implementation.
• Utilizing message validation and testing tools.
• Implementing ISO 20022 libraries and APIs.
• Designing and building automated message workflows.
• Best practices for tool implementation.

Module 14: Monitoring and Metrics

• Implementing real-time payment system project monitoring and metrics.
• Utilizing performance indicators and KPIs.
• Designing and building monitoring systems.
• Optimizing monitoring for real-time insights.
• Best practices for monitoring.

Module 15: Future of Real-Time Payments and ISO 20022

• Emerging trends in real-time payment technologies and ISO 20022.
• Utilizing AI-driven fraud detection in real-time payments.
• Implementing real-time payments in decentralized finance (DeFi).
• Best practices for future payment system management.

Training Approach

This course will be delivered by our skilled trainers who have vast knowledge and experience as expert professionals in the fields. The course is taught in English and through a mix of theory, practical activities, group discussion and case studies. Course manuals and additional training materials will be provided to the participants upon completion of the training.

Tailor-Made Course

This course can also be tailor-made to meet organization requirement. For further inquiries, please contact us on: Email: info@skillsforafrica.org, training@skillsforafrica.org Tel: +254 702 249 449

Training Venue

The training will be held at our Skills for Africa Training Institute Training Centre. We also offer training for a group at requested location all over the world. The course fee covers the course tuition, training materials, two break refreshments, and buffet lunch.

Visa application, travel expenses, airport transfers, dinners, accommodation, insurance, and other personal expenses are catered by the participant

Certification

Participants will be issued with Skills for Africa Training Institute certificate upon completion of this course.

Airport Pickup and Accommodation

Airport pickup and accommodation is arranged upon request. For booking contact our Training Coordinator through Email: info@skillsforafrica.org, training@skillsforafrica.org Tel: +254 702 249 449

Terms of Payment: Unless otherwise agreed between the two parties’ payment of the course fee should be done 7 working days before commencement of the training.