Cross Border Payments | ISO 20022 | Cards and Payments

Cross Border Payments | ISO 20022 | Cards and Payments - Part 16

Рет қаралды 16,125

Күн бұрын

Hi All,
In this video we will look at understanding a cross border payments transaction. This was one of the topics that came up quite a lot
In the comments posted on the other videos.
The video talks about understanding various types of cross border payment transactions and then picks up the challenges that the banks face today while processing them. These challenges are important to understand as they will help to further build a base to understand forthcoming topics around ISO 20022 and SWIFT processing.
Chapters:
Introduction: 00:00:00
Understanding Cross Border Payment Transaction 00:02:09
Types of Cross Border Payment Transaction: 00:04:04
Challenges in processing Cross Border Payments 00:07:39
Context for future videos on ISO 20022 00:13:35
I hope you like the video and if you then please don’t forget to like , share and subscribe .
Master the Cards and Payments Domain! Enroll in my Udemy course using my referral link and boost your career today
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Reference Links:
* www.ey.com/en_gl/banking-capi...
* www.bankofengland.co.uk/payme...
* www.ir.com/guides/cross-borde...
Photo Credits:
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www.wikipedia.com

Пікірлер: 37

@user-wu9bw7zw2t 9 ай бұрын

I had watched your entire cards and payments series and was really impressed. I am a Product Manager who has worked on products in multiple domains and want to now settle with payments. Your videos were very useful and was hoping you would do something on cross border payments. Thanks for this.

@mehtasaloni 9 ай бұрын

Very useful information for tech folks to understand the nuances of the fintech and banking domain. If you could talk about SEPA payments, that would be awesome.

@basavarohin8220 Жыл бұрын

Man, don't know where are you from. U r truly insightful. Giving the deep understanding from business perspective and at the same time the technical flow. Keep educating us ✊

@ezeefied Жыл бұрын

Thank you for your kind words 🙏🏽

@galianadrian2515 Жыл бұрын

The educational video are for us or 😂😂😂 the banks😂😂😊

@Mr.Man- Жыл бұрын

This video was very easy to understand and follow. Thank you for setting aside time to breakdown the information of correspondent banks and the Crossborder stream.

@SweetLay 7 ай бұрын

Thank you for the info!❤

@patite3103 Жыл бұрын

Outstanding video!

@ramyaraju5744 Жыл бұрын

Excellent 👌 thanks for the clarity

@bharatirlapale5265 Жыл бұрын

Very nice & informative video about the concern subject

@onelove12372 Жыл бұрын

Very very good video... Loved it...

@dineshamboji8850 Жыл бұрын

Thanks for these videos @Saurabh

@lawrencemukupe8392 4 ай бұрын

Thank you so much this is my job it makes sense.

@user-iv9lr7uu3c 5 ай бұрын

75% of all correspondent cross border flows go through none or 1 intermediary bank only (source: swift).

@gauravlal9202 Жыл бұрын

You are doing really great Sir

@ezeefied Жыл бұрын

Thank you Gaurav 🙏🏽 It is only due to support by you all

@sheetalmangaonkar6756 2 ай бұрын

The card and payment series is excellent and has improved my understanding for card payments. I would like to know more about SOC 2 and how SOC 2 is not sufficient compared to ISO20022

@ezeefied 2 ай бұрын

Agreed thats a good topic .Let me check

@jcooks1974 10 ай бұрын

Great series. Are you open to interviewing EMIs and other fintechs operating in the cross border space?

@raistar__________pro980 Жыл бұрын

good

@shyamnarayan6788 Жыл бұрын

Thank you sir, Please make a video for ISO 20022 and SWIFT.

@ezeefied Жыл бұрын

Sure

@MrHooya1000 Жыл бұрын

Thanks you for your insightful videos. If its possible to do a detail video on ISO 20022 payment message formats/message and the purpose of each payment format/message.

@ezeefied Жыл бұрын

Thank you Raj ! There are so many messages so wondering how would I cover all of them but will see how to put more content on this topic . Great suggestion

@raj-df5df Жыл бұрын

Could you please make a playlist in swift system

@ghazaryannarek5475 Жыл бұрын

Thank you very much really very useful, but Japan seems to be slightly south from Russia

@shirlse9514 Жыл бұрын

Thanks for this info Saurabh…. Couple of questions: 1.Can you shed some light on different currency accounts that one corporate client can have? How does this help in cross border payments for corporate clients? 2.You mentioned that bank B should have suff funds for settlement.How does that work,eg; if I transfer 1cr from india to Japan,should Japan bene bank have suff funds to credit their customer or would they wait for my money to credit their suspense acc first and then they credit their customer acc?

@1974avinash Ай бұрын

Hi @Shirlse9514 I will try to answer your questions: 1. In order to make payment in the FCY (Foreign currency) the bank needs equivalent LCY (Local currency which is arrived at using an exchange rate which changes rapidly based on various factors) to convert LCY into desired amount of FCY. The FCY currencies of the accounts would be based on what is permitted by the regulator of the concerned country. for e.g. In Singapore Monetary Authority of Singapore (MAS the regulator) permits accounts to be opened and operated in foreign currnecies like EUR USD & GBP. Then the corporate clients can receive & make payments in these currencies for their transactions without being impacted by the exchange rate. 2. Taking your example further (and considering what I have mentioned above), if you are paying in INR then bank B will need to convert the INR sent by you to credit your beneficiary in JPY. Normally bank B will sight credit of funds in their account before crediting the beneficiary (their customer) account Hope the above answers your questions. Thanks.

@raj-df5df Жыл бұрын

Is there any course on Swift system

@saumyasaxena3258 Жыл бұрын

Just went through the video and found it to be super insightful. I’m building in the cross border payment space and would love to chat. What’s the best way to reach you?

@ezeefied Жыл бұрын

Hi Saumya , Thank you for liking the content . You can join the channel platinum membership for chat