The Swift Payment with Business Analyst Course

🌟 Course Title: The Swift Payment with Business Analyst Course

Course Headline: Master the Art of Efficient Payment Processing and Become a Business Analyst Pro!

Introduction to Payment Systems Understanding the intricacies of electronic and non-electronic payment systems is fundamental. This course begins by laying the groundwork for the payment system's journey, including fraud validation in payments. You'll explore the objectives of a payment system, such as clearing and settlement, and learn about various payment mechanisms.

Electronic vs. Non-Electronic Payment Systems

• Non Electronic payment system: Delve into traditional payment methods like RTGS (Real-Time Gross Settlement) and NEFT (National Electronics Fund Transfer).
• Fast Electronic Payment System: Uncover the dynamics of faster electronic payment solutions such as IMPS (Immediate Payments Service) and UPI (Unified Payments Interface).

Online and Bulk Channel Payment Method Overview Gain insights into various online and bulk channel payment methods, ensuring you understand the full spectrum of modern payment processing.

Introduction to Swift GPI & SWIFT Payment Mechanisms

• Swift GPI (Global Payments Initiative): Learn about the revolutionary approach to global cross-border payments.
• RMA (Receive Money Account), Accounting Relationship, Nostro/Vostro/Loro Accounts, and Nostro Mirror Account: Understand the complexities of bank accounting and the various account types.

Financial Institution Concepts Discover the roles of different financial institutions, including originator banks, receiver banks, sender correspondents, receiver correspondents, and intermediary banks.

Account With Institution & Financial Tools

• Business Identifier Code (BIC): Master the use of BIC in international transactions.
• IBAN (International Bank Account Number): Learn how to navigate and utilize IBAN for seamless payments across borders.
• Bank Charges, BEN (Beneficiary's Entity Notification), SHA (Service Level Agreement), OUR (Order of Receipt): Understand the nuances of payment processing fees and charges.

Swift MT Messages & ISO 20022 Standards

• Category 1, Category 2, and Category 9 Messages: From MT101 to MT942, understand the different types of SWIFT messages and their purposes.
• Payment Initiation Message (PAIN 001 & PAIN 002): Learn how to initiate payments with SWIFT's standardized messages.
• Payment Clearing and Settlement Messages (PACS.002, PACS.004, etc.): Grasp the payment clearing and settlement process through SWIFT messages.
• Cash Management Messages (CAMT 053 & CAMT 054): Learn to manage cash positions and transactions with SWIFT's standardized messages.

Transaction Status, Exception Scenarios, & Payment Rejects Understand the various scenarios that can occur during a transaction, from requests to cancel or modify payments to payment rejects and returns, ensuring you know how to handle each situation effectively.

Payment Engines & Host to Host Architecture Explore the architecture of payment engines and the flow of transactions within a host-to-host environment.

Business Analyst Course (Add-Ons) Enhance your skill set with additional training on BRD/FRD and SRD preparation, Basic Agile Scrum Master concepts, basic testing concepts, and an understanding of the Software Development Life Cycle (SDLC). Also, get a grasp of SQL basics for theoretical insights into database management.

Why Take This Course?

• Comprehensive Curriculum: Designed by industry experts, this course covers all aspects of payment processing and SWIFT operations.
• Practical Knowledge: Gain hands-on experience with real-world scenarios and case studies.
• Global Standards: Learn the global standards for payment messages and transaction processing.
• Skill Enhancement: Perfect for business analysts, this course will enhance your skill set and make you a valuable asset to any financial institution.

Who Should Take This Course? This course is ideal for:

• Aspiring Business Analysts: Learn the essential skills required in the field of finance and banking.
• Payment Specialists: Deepen your understanding of payment systems, including SWIFT operations.
• Financial Professionals: Expand your expertise in transaction processing and bank accounting.

Embark on your journey to becoming a master of payment systems and a proficient business analyst with the Swift Payment with Business Analyst Course. 🎓 Enroll now and unlock the full potential of your career!