Inside PPC | Solutions & 2030 | 7
Inside PPC | Solutions & 2030 week | #1 - ISO 20022 wins: structure > friction 🏗️ G20 wants cross‑border to be faster, cheaper, clearer, broader. That only...
Inside PPC | Solutions & 2030 week | #1 - ISO 20022 wins: structure > friction 🏗️
G20 wants cross‑border to be faster, cheaper, clearer, broader. That only happens if the "why" survives every hop. Structure it, don't vibe it.
Do this now (and tick G20 boxes while you're at it):
* Use ISO fields by default → put the universal signal in
* Treat UK as structured‑by‑default → CHAPS purpose goes mandatory (2025 → broader by 2027); FI↔FI brings LEI discipline (more transparency, fewer repairs).
<strong>Retire 70/72 guesswork</strong> → build a field map per red* corridor so UAE↔India and USD↔CNY don't devolve into free‑text (boost speed, cut cost).
* Template the good path → pre‑fill purpose structure for repeat payees; let your message carry the mapping, not human memory (access + consistency).
Why it matters: Structured purpose is the quickest lever to reduce RFIs (cost), shorten investigations (speed), and prove end‑to‑end clarity (transparency). G20‑friendly by design.
Topics: ISO 20022, Payments, Compliance, Purpose Codes