ISO 20022 For Dummies by The SWIFT Standards Team PDF

By The SWIFT Standards Team

ISBN-10: 0470972823

ISBN-13: 9780470972823

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Sample text

SWIFT Other Other Communications hub Customer channels Middleware / EAI Application Application Application Figure 2-3: Enterprise Application Integration software (middleware) connects applications to each other and to external networks such as SWIFT. This approach insulates your channels and back-office applications from changes in the standard by isolating ISO 20022-specific definitions and processing in the EAI software. It also allows you to re-use common functionality, such as network connectivity, across multiple implementations.

Is manual authorisation of messages required? ✓ What should I do with invalid or rejected messages? ✓ If my solution requires a conversational message processing style (request-response), what do I need to do to accept the request and create the response? ✓ What is the messaging style? Depending on the type of solution, messages may be exchanged with partners interactively, on a store-and-forward basis, or in batch files. By considering these questions it should be possible to map out the ISO 20022 implementation for a solution and determine the impact on existing systems and processes.

The SEGs are groups of industry experts nominated by ISO members, representing the (future) users of ISO 20022 messages. There are currently five SEGs, each covering a specific business domain: payments, securities, foreign exchange, trade services and cards. Over 200 experts from 22 countries and 12 international organisations affiliated with ISO currently participate in the SEGs. Their role is to ensure that your candidate messages truly address the requirements of the community of users they represent.

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ISO 20022 For Dummies by The SWIFT Standards Team


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