Payments Data Quality

Payments Data Quality checks the quality of originator and beneficiary data in your institution’s payments messages. It’s a simple, cost-effective tool to support compliance and operational efficiency.

Payments Data Quality is a simple and effective service to help meet the payments transparency and efficiency requirements of correspondent banks.


Our independent reports on your messages support compliance with international requirements for originator and beneficiary data and help improve payments data quality for better straight-through processing.

 

Payments Data Quality service: BNP Paribas sets the pace

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Last update: 
9 October 2017

Reinforcing the payment chain to promote transparency

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  • Case Studies
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Supports compliance with requirements for originator and beneficiary data

International regulation requires banks to monitor originator and beneficiary data in payments messages. Payments Data Quality provides an agreed set of validation rules based on FATF 16 and covering EU FTR 2015, MAS 226 and the US “Travel Rule”.

Provides for better transaction screening and straight-through processing

The reports can help with proactive data quality improvement, resulting in more effective screening and AML monitoring – and fewer processing issues and repairs.

A hosted, independent service

We’ve worked with the industry to develop this centrally hosted service that mutualises costs, and requires no installation or integration on-site.

Make your message screening more efficient

Discover how Payments Data Quality can support your operations

Payments Data Quality service: BNP Paribas sets the pace

Download (254.39 KB)
Last update: 
9 October 2017

Reinforcing the payment chain to promote transparency

  • Collateral
  • Case Studies
English

More on this topic

Find out what users think of Payments Data Quality

Video – Henrik Koch, Nordea Bank

Henrik Koch of Nordea Bank discusses sanctions compliance challenges, including the need to screen securities-related messages.

Case Studies

Rabobank uses Payments Data Quality for FATF16 compliance, increased efficiency

Data-driven solution supports greater transparency and higher straight-through-processing rates

Download (169.35 KB)
English
Case Studies

Payments Data Quality service: BNP Paribas sets the pace

Reinforcing the payment chain to promote transparency

Download (254.39 KB)
English
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