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CBPR+

The Cross-Border Payments and Reporting Plus (CBPR+) initiative, led by Swift, is a targeted effort to bring greater consistency to the use of ISO 20022 formats in cross-border payment messaging. In this article, 

Key Features:

  • Uses the ISO 20022 messaging standard, enabling richer and structured payment data.

  • Supports automated straight-through processing (STP), reducing the need for manual interventions.

  • Provides comprehensive transaction details for improved payment tracking and reconciliation.

  • Facilitates compliance with global regulatory requirements through more granular data.

  • Enhances global interoperability among financial institutions.

read more from XMLdation blog: CBPR+ and ISO 20022: what’s changing and how to stay ahead