ISO 20022: Financial Messaging Standards Auditing in Payment Systems

Financial Messaging in Payment Systems

• Payment Message Types: Credit transfers, direct debits, securities, and trade messages.
• Message Lifecycle: Creation, transmission, validation, and settlement.
• Operational Risks: Errors, delays, and compliance challenges in payment processing.

ISO 20022 Compliance and Auditing Framework

• Compliance Requirements: Regulatory mandates and industry best practices.
• Audit Planning: Objectives, scope, and risk-based approach.
• Audit Methodologies: Sampling, process review, and transaction testing.

Auditing Payment Systems

• Payment System Architecture: Core systems, clearing, and settlement mechanisms.
• Message Validation and Integrity Checks: Ensuring accurate, complete, and timely processing.
• Exception Management: Identifying and resolving failed or non-compliant transactions.

Risk Management and Controls

• Operational Risk Identification: Fraud, errors, and cyber threats.
• Control Assessment: Internal controls, segregation of duties, and reconciliation procedures.
• Mitigation Strategies: Enhancing process reliability and system resilience.

Reporting and Recommendations

• Audit Reporting: Documenting findings, observations, and compliance gaps.
• Corrective Actions: Recommendations for process improvement and standard adherence.
• Continuous Monitoring: Implementing audit follow-up and performance tracking.

1ST BATCH: Tuesday, March 3, 2026 — Friday, March 6, 2026.

2ND BATCH: Tuesday, June 23, 2026 — Friday, June 26, 2026.

3RD BATCH: Tuesday, October 20, 2026 — Friday, October 23, 2026.

The training methodology integrates lectures, interactive discussions, collaborative group exercises, and
illustrative examples. Participants will acquire a blend of theoretical insights and hands-on practical
experience, emphasizing the application of learned techniques. This approach ensures that attendees return
to their professional environments equipped with both the competence and self-assurance to effectively
implement the acquired skills in their responsibilities.