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Finplus Within Swift'S Enhanced Platform

This document provides an overview of a SWIFT training course on moving from FIN to FINPlus and understanding the key principles of FINplus. The course aims to help participants build an understanding of the technical requirements of FINplus as part of preparing to adopt ISO 20022 for payments. It covers topics like an introduction to ISO 20022, InterAct messaging, ISO 20022 messaging, the FINplus service, and the subscription process.

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Nicolas van de Put
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179 views2 pages

Finplus Within Swift'S Enhanced Platform

This document provides an overview of a SWIFT training course on moving from FIN to FINPlus and understanding the key principles of FINplus. The course aims to help participants build an understanding of the technical requirements of FINplus as part of preparing to adopt ISO 20022 for payments. It covers topics like an introduction to ISO 20022, InterAct messaging, ISO 20022 messaging, the FINplus service, and the subscription process.

Uploaded by

Nicolas van de Put
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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SWIFT Training

Moving from FIN to FINPlus: Fundamentals

Understand the key


principles of FINplus and
prepare to adopt ISO 20022
for payments

Learning objectives
This course aims to help you build an under­
List the business benefits of
ISO 20022
standing of the technical requirements of
Compare and distinguish
FINplus, as part of preparing to adopt ISO
between technical information
and business data carried over
20022 for payments. Within SWIFT’s enhanced
the SWIFT network platform, FINplus will be a multi-purpose
Properly set up the FINplus configuration for the exchange of ISO 20022
service in a messaging
interface messages, including payments and cash
Describe the flow for key management. This course can help you gain
message processes (for copy
services, message retrieval full knowledge of what is required to set up your
etc.)
organisation’s infrastructure in line with FINplus.
Subscribe to FINplus based on
your business requirements

For the majority of users, FIN has been ­ roviding banks with support during this
P
Audience
the main service used over SWIFT to time is a key aim of the first release of our
exchange financial messages in MT new platform, scheduled for November
Business analysts format. Now, within payments, the move 2022.
to ISO 20022 is gathering pace. In 2018,
Alliance Access and Entry the SWIFT community decided to adopt At the same time, FIN has evolved
administrators ISO 20022 for cross-border payments, into FINPlus. While the principles for
and as part of this we’re developing SWIFTNet InterAct in store-and-forward
Interface administrators a new platform to enable instant and mode are not new, this course will drill
frictionless global transactions. down into the specifics of FINplus. While
IT staff and managers doing this, the course will also draw
We’re committed to helping banks parallels with the current FIN service to
navigate the coexistence period between help develop your understanding of the
ISO 20022 and other message formats, new platform.
which will last from 2022 to 2025.
This course covers the following The course is delivered by
topics: professional trainers and subject
matter experts, using a multi-
–– Introduction to ISO 20022: Benefits of channel learning approach. It
replacing the FIN MT standards with combines practical advice and
ISO 20022 in context of SWIFT. exercises with theoretical modules
to give you a well-rounded
–– What is an InterAct message? understanding of the content.
Discovering the technical features of
an InterAct service; understanding
the structure of a technical message;
reviewing the whole message process
(validation, copy options etc.)

–– What is an ISO 20022 message?


Defining the elements of an ISO
20022 message; using a dedicated
application header for the back-office;
naming your message types.

–– The FINplus service: Using live and


pilot services; adopting a naming
convention for emission and reception
addresses; segregating the business
flows; keeping the message flow
secured.

–– The subscription process: Registering


to the FINplus service for live testing
and training; changing the service
configuration when needed.

–– SWIFTNet system messages:


Processing delivery notifications;
performing message retrievals;
reporting on the SnF service.

Practical information

This course typically takes one day to


complete.

A one day add-on module on


changes specific to your Alliance
Access interface is now available.

SWIFT is a member-owned cooperative,


providing secure financial messaging
services to more than 11,000 organisations,
across the financial ecosystem, in almost
every country in the world. For nearly five
decades we have delivered certainty,
continuity and excellence by constantly
evolving in an everchanging landscape. In
today’s fast moving, increasingly connected
and challenging world, this approach has
never been more relevant.
www.swift.com
57521 - July 2021

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