Regulation & Compliance
December 11, 2024
The New Payments Architecture (NPA) is getting closer. Originally imagined by the Payments Strategy Forum in 2017, this new payments system, based on ISO20022, will replace the existing BACS and Faster Payments central infrastructures.
In addition to the rationalization and upgrade of the central infrastructure, the original goals for NPA also included extending the data model and making connectivity easier and cheaper.
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