CPMI to set up task force for cross-border payments

Latest News

CPMI to set up task force for cross-border payments

By Alexandra Leonards

14/12/2021

The Committee on Payments and Market Infrastructures (CPMI) has invited managers of service level agreements (SLAs) and payment schemes who are interested in enhancing cross-border payments to nominate senior representatives to a new task force.

The task force will also include CPMI representatives working on implementing building block 3 of the G20 cross-border payments programme, which aims to create a template to define common features of cross-border payment service levels.

The task force, which will start in early 2022, will meet every six to eight weeks.

Its findings will feed into the development of a service level template that stakeholders can use as a starting point when establishing agreements. It will not suggest any specific service levels but will reflect how the elements relevant for cross-border payments can be addressed consistently.

Data trust in the AI era: Building customer confidence through responsible banking

In the second episode of FStech’s three-part video podcast series sponsored by HCLTech, Sudip Lahiri, Executive Vice President & Head of Financial Services for Europe & UKI at HCLTech examines the critical relationship between data trust, transparency, and responsible AI implementation in financial services.

Banking's GenAI evolution: Beyond the hype, building the future

In the first episode of a three-part video podcast series sponsored by HCLTech, Sudip Lahiri, Executive Vice President & Head of Financial Services for Europe & UKI at HCLTech explores how financial institutions can navigate the transformative potential of Generative AI while building lasting foundations for innovation.

Beyond compliance: Transforming document management into a strategic advantage for financial institutions

In this exclusive fireside chat, John Rockliffe, Pre-Sales Manager at d.velop, discusses the findings of Adapting to a Digital-Native World: Financial Services Document Management Beyond 2025 and explores how FSIs can turn document workflows into a competitive advantage.

Sanctions evasion in an era of conflict: Optimising KYC and monitoring to tackle crime

The ongoing war in Ukraine and resulting sanctions on Russia, and the continuing geopolitical tensions have resulted in an unprecedented increase in parties added to sanctions lists.