Issue #20 - Can Leveraging Payment Data Improve Bank Operations?
Can Leveraging Payment Data Improve Bank Operations?
Following our last two articles exploring data sources, this week we’re exploring the ways banks and payments companies can leverage rich data to improve their operations.
Special mention to Akhil Rao for so much great content on this week’s topic.
Finextra: The Importance Of Data In A Payment And Why Is The Switch Over To ISO 20022 Is So Significant?
PayStand: What is Straight Through Processing?
Finextra: Curbing the cost of payment failures with straight through processing
SWIFT: Citi is creating a more efficient cross-border payments ecosystem with the adoption of ISO 20022
International Banker: Meeting the Growing Challenge of Financial Crime Compliance
Akhil Rao: The Rise of Payments Data Strategy - AML and Sanctions Screening
Thoughtworks: Data and AI tech combat payment fraud
US Fed: Fraud Types and Authentication for Remote Payment Use Cases
If you have thoughts or questions to share on this series, please leave a comment.
These musings on the developments in data-rich payments are assembled by the team at 20022 Labs. See more issues and subscribe to get updates in your inbox.