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RT2: A strategic transformation for UK payment providers

The Payments Association

This represents a strategic shift for payment providers, affecting cost structures, risk exposure and increasing competition. The enriched data model supports advanced sanctions screening, more effective anti-money laundering controls, and the development of data-driven payment services.

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The payments regulation roadmap: Q2 2025

The Payments Association

Related links: Financial promotion rules for cryptoassets Financial promotions data 2024 Top regulatory priorities for the payments sector Mandatory adoption of ISO 20022 for cross-border payments (final preparations Q2) The transition to ISO 20022 for cross-border payments is a fundamental shift in global financial messaging standards.