The Swift Payment with Business Analyst Course

Learn mt to mx transformation and xml tag concepts for financial messaging, including xml structure, prolog, group header, and tag mapping.

Analyze pacs 002 payment status report to see payment flow between financial institutions, including success and rejection statuses, and the group header, transaction information, and supplementary data.

Explore the pacs 004 payment return message, its purpose, scope, and end-to-end transaction reference tracking, including scenarios like invalid or dormant accounts and the use of reason codes.

Explain camt.054 bank to customer debit/credit notification, detailing its purpose, scope, and trigger rules for single and bulk transactions, with no balance or advisory content.

Explore the camt.053 bank-to-customer statement, detailing its purpose, contents, and two-segment structure (group header and statement), including opening and closing balances and debit and credit entries.

Explore how camt.056 financial institution to financial institution payment cancellation request initiates from debtor to bank, handling positive and negative responses (004 and 029) to cancel or revert transactions.

Explain CAMD 0.29, the resolution of investigation negative response to recall, detailing its purpose, scope, and structure in payment recall flow initiated by creditor bank in response to CAMD 0.56.

Explain CAMT.025 technical receipt messages in ISO 222 and how receiver banks acknowledge pacs 008 or 009 flows in CBPR payments. Highlight its application-level confirmation and comparison with pacs 002.

Learn how CAMT 110 investigation requests uncover the status of ISO 20022 payments, tracing flows across PAC 002, PAC 008, and related messages to resolve missing or stalled settlements.

Explore why the banking industry shifts from monolithic to microservice architecture to isolate functions like registration, payment validation, processing, and settlement, each with its own database and deployable jar. Contrast monolithic drawbacks: performance bottlenecks, single-point failures, and difficult deployments, with microservices and service-oriented architectures using independent services and ESB integrations.

Explore a coast-to-coast host-to-host payment workflow that automates bulk salary transfers via ERP files with encryption and digital signatures. The process uses SFTP and end-to-end STP with automatic validation.

Explore real-time gross settlement (RTGS) as a high-volume electronic payment system, detailing debit and credit flows, validation, clearing, and settlement across bank and central bank networks.

Learn end-to-end direct debit flows with ISO 222 and SEPA XML connectivity, including mandate initiation (PANE 009), Auth 002, PAYNE 008, PAX 3/8, CAMD 054, and status PANE 002.

Explore how use cases and UML diagrams describe system behavior, detailing positive and negative actions like booking and canceling tickets, preconditions, postconditions, and payment flows.