Inside PPC | Stakeholder & Impact | 2

Inside PPC | Stakeholder & Impact week | 2 Cut RFIs at the source 🧰 Turn "why is this payment?" into a rule, not a rescue mission:

Inside PPC | Stakeholder & Impact week | 2
Cut RFIs at the source 🧰
Turn "why is this payment?" into a rule, not a rescue mission:
* 🚦 Gate it: IF destination is "red" AND purpose missing → block & prompt before release.
* ✅ Structure it: Prefer ISO 20022 + over free‑text; de‑prioritize "Misc/Other."
* 🧠 Guide it: Show corridor‑specific options (UAE, India, China) with short tooltips; discourage vague picks.
* 🗂️ Template it: Save purpose by counterparty/corridor in bank portals & ERP; attach invoice/contract refs by default.
* 🔁 Pre‑validate: Run checks before cut‑off; no last‑minute manual edits.
Why it matters: Every repair avoided returns hours to ops - and days to your customers' value dates.

Topics: ISO 20022, Payments, Compliance, Data Quality, Purpose Codes