The Importance of Data Structure: ISO 20022 and the Future of Payments

Contents 2-3
Introduction 4-5
Background 4-5
ISO 20022: A Better Data Model 6-7
Focus Area 1: Compliance Monitoring and Sanctions Screening 6-7
Focus Area 2: Operations and Investigations 8-9
Focus Area 3: Reconciliation and Data Exchange 10-11
The Role of ISO 20022 in Citi’s Payment Strategy 14-15
The Case for Community Adoption of Enhanced and Fully Structured Data 14-15
Conclusion 16-17

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