The Committee on Payments and Market Infrastructures (CPMI) has published an updated report on the harmonised ISO 20022 data requirements for enhancing cross‑border payments. This is a key milestone under the G20 roadmap to improve the speed, cost, accessibility and transparency of cross‑border payments. The report, updated from the previous version in 2023, reflects updated regulatory and standardisation developments, provides additional clarifications and introduces an updated and expanded data model set out in a separate technical annex to allow for more frequent updates in line with the ISO 20022 release schedule. The CPMI confirms that the requirements will be maintained at least until the end of 2027 and has established a joint panel with ISO 20022 global market practice groups to support ongoing maintenance and global adoption.
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