ISO 20022 | Data That Pays | Week 2.1

ISO 20022 | Data That Pays | Week 2 - 🧰🆔 LEI & purpose‑code hygiene that pays for itself Why it matters: A little front‑door discipline

## ISO20022 | Data That Pays week | 2 (Advise)
🧰🆔 LEI & purpose‑code hygiene that pays for itself
Why it matters: A little front‑door discipline removes back‑office noise - fewer RFIs, higher STP, happier clients.
1. Own the LEI. Store in KYC; validate format + renewal date; auto‑populate originator/beneficiary where applicable.
2. Make purpose obvious. Enforce purpose code in high‑risk corridors and B2B above a threshold; map to screening/fraud features.
3. Stop junk at source. Reject "N/A/XXXX/ - "; show instant fix‑tips in portal/API responses.
4. Surface downgrades. Warn senders if a non‑ISO counterparty will lose data on translation; offer remedy steps.
5. Coach, don't scold. Send a monthly fill‑rate report to top corporate senders with "what to fix next."

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