1. Community collaboration: Way forward for Japan
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1. Community collaboration: Way forward for Japan

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1. Community collaboration: Way forward for Japan 1. Community collaboration: Way forward for Japan Presentation Transcript

  • Community Collaboration: Defining the Way Forward for Japan 1 Chris Flanagan Head of Markets, Asia Pacific
  • Gloabally 15 Years of Strategy 2001-2006 2006-2010 2011-2015 Messaging & Platform ▪ FIN, InterAct, FileAct growth ▪ 50% Price Reduction ▪ Distributed Architecture ▪ FIN Renewal ▪ HSM Replacement Messaging & Platform ▪ FIN, InterAct, FileAct growth ▪ 50% Price Reduction ▪ Fixed Fee ▪ Distributed Architecture Messaging & Platform ▪ 100% FIN Growth ▪ 50% Price Reduction ▪ SWIFTNet Phase 2 Software Business ▪ Alliance Lite2 ▪ AMH ▪ Integration services (T2S connector, IPLA) Software Business ▪ Alliance Lite ▪ Alliance Integrator Software Business ▪ SWIFTNet capabilities to Access Value Added Services ▪ Business Intelligence, SWIFTRef, Sanctions, Matching ▪ MIRS Value Added Services ▪ Solutions: TSU, SWIFT Remit, FIX, Proxy voting ▪ Business Intelligence Value Added Services ▪ Solutions: – Cash reporting – E&I 2
  • 2014 2015 2020 SWIFT2020 Exploration Geopolitical Disrupters Market & Technology Drivers 3
  • 4 Financial Crime Compliance Roadmap FATF 16 Information quality Compliance Analytics Sanctions list Mngt service Sanctions KYC AML Processing services Traffic analysis Standards Data repositories KYC registry AML testing & tuning Sanctions Screening Sanctions Testing & tuning (transaction & client systems) Traffic restriction (RMA) Live Development Qualification Exploration Quality Assurance Client/Name screening
  • 2011 - RTGS outage of 4 hours Software bug 2013 - RTGS 9 hours unavailable Wrong parameterization In 2011 both main sites of an PMI were nearly flooded Natural events Data Corruption From which “golden position” can I restart? Staff unavailability Diversity with peers and/or 3rd party staff? Loss of essential services Service diversification & geography 9/11 could be on an FMI? Terrorist attack Cyber attack Who accessed my confidential data base? Resiliency - Threats are everywhere
  • Need for a different approach on Resiliency 2011 - RTGS outage of 4 hours 2013 - RTGS 9 hours unavailable In 2011 both main sites of an PMI were nearly flooded 9/11 could be on an FMI? Data Corruption Cyber attack Staff unavailabilitySoftware bug Wrong parameterization Terrorist attackNatural events Loss of essential services From which “golden position” can I restart? Which staff will be really available? Service diversification & geography Who accessed my confidential data base? Geographic diversity Staff diversity Technical and geographic diversity Technical diversity Technical diversity Technical diversity Technical diversity Geographic diversity
  • Common challenges unique solutions 9 Partnering to Solve Community Issues