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.

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.

Compliance
Last update: 
24 July 2019

Payments Data Quality service: BNP Paribas sets the pace

Reinforcing the payment chain to promote transparency
Download (139.46 KB)
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Customer testimonial - Henrik Koch

swift_video_thumbnail_compliance_henrikkoch.jpgCustomer testimonial - Henrik Koch
Payments Data Quality
1 min view

Customer testimonial - Henrik Koch

Navigating FATF Recommendation 16

Learn about the implications of stricter requirements for wire transfers and the benefits of better payments data quality in this article from ACAMS Today magazine.

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.

Interested in Payments Data Quality?

Find out how this new service can support compliance with FATF Recommendation 16.

Document centre

Compliance analytics
Last update: 
13 September 2019

How to leverage payment data and analytics to mitigate compliance risk

5 key steps compliance professionals need to take to better harness payment data for compliance risk and achieve...
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Payments Data Quality
Last update: 
24 July 2019

Case Study - Payments Data Quality

Enhance payments transparency and STP while addressing FATF Recommendation 16 compliance using SWIFT’s data-driven...
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Compliance analytics
Last update: 
24 July 2019

Rabobank - Compliance Analytics and Payments Data Quality case study

Harnessing data analytics to drive compliance and operational excellence
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Testimonials

Customer testimonial - Henrik Koch

swift_video_thumbnail_compliance_henrikkoch.jpgCustomer testimonial - Henrik Koch
Payments Data Quality
1 min view

Customer testimonial - Henrik Koch

Case Studies

Rabobank uses Payments Data Quality for FATF16 compliance, increased efficiency

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

PDF icon Download (101.97 KB)
Case Studies

Payments Data Quality service: BNP Paribas sets the pace

Reinforcing the payment chain to promote transparency

PDF icon Download (139.46 KB)