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Sofe2013 my standards_streamline_v1

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SOFE 2013 - MyStandards: streamline your standards management

SOFE 2013 - MyStandards: streamline your standards management

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  • 1. MyStandards Streamline your standards management SWIFT Operations Forum - EMEA Marc Delbaere & Stijn Muys 27-29 November 2013 Amsterdam
  • 2. Session objectives • How can MyStandards simplify the management of change and variations in exchange formats • Understand the immediate practical benefits gained from the toolset • Targeting business analysts, implementation project/programme managers • Interact and give real-life examples or share any platform improvements 2
  • 3. Agenda • Platform Overview – MyStandards – Readiness Portal • Hands-on with features • Focus on collaboration across teams, change management and rationalisation 3
  • 4. Managing Industry Formats – The Challenges Manage change Find information Industry Inefficiency IT / Business consistency Manage variation Maintain documentation 4
  • 5. MyStandards Content … a collaborative web platform MyStandards … to better manage standards in the financial industry Features 5
  • 6. MyStandards – Bringing Structure Content Base Standards: MT/MX/ISO 20022 Market practices F ormal Implementation guidelines A ccessible Bilateral guidelines C onsistent T argeted Internal specifications 6
  • 7. Premium customers MyStandards – Reaching Critical Mass Market Infrastructures Financial Institutions Market Practice Groups 28 premium organisations 25 market practice groups 6000+ registered users 7
  • 8. MyStandards – Value Proposition Consume industry specs Increase Internal Efficiency Publish for your customers Reduce Costs Manage your own specs Improve Customer Experience 8
  • 9. Consume Reduce Costs industry specs 15022 MI Specifications Funds Migration 20022 Standards Release T2S Analyse Implement FI Specifications SEPA Third Party Specifications Test Analytical framework Machine-readable formats Readiness Portal for T2S [Q1 2014] Reducing costs of consuming industry specifications. 9
  • 10. Increase Internal Efficiency Back Office Systems Manage your own specs Analyse Impact analysis Maintain Comparison and migration Test Readiness Portal [In pilot] Service Definitions Instruments Bilateral Agreements Regional flavours Increasing internal efficiency for business analysis and IT delivery teams. 10
  • 11. Improve Customer Experience Publish for your customers Service Definitions Document Instruments Bilateral Agreements Regional flavours Distribute Test Consistent documentation Secure collaborative platform Readiness Portal [In pilot] Improving customer satisfaction, streamlining product and customer service experience. 11
  • 12. MyStandards Readiness Portal New Product MT/MX ISO 20022 YOU MyStandards Internet Portal Publish specifications YOUR CUSTOMERS Test against specifications Monitor process (dashboards) Currently in pilot. Commercial availability: January 2014 12
  • 13. Increase Internal Efficiency Manage your own specs 13
  • 14. MyStandards for Specification Management • Managing variations and versions is complex • Specifications co-exist and are diverse: o Countries / Instruments / Back-Office systems / Bilateral agreements • Specifications evolve over time undermining consistency • Central governance and co-ordination between teams is non-trivial • Challenging to align Business and IT 14
  • 15. MyStandards for Specification Management • • • • • • Formal and detailed definition of specifications Central resource for all teams Analyse commonalities using UG comparison Impact analysis for industry level updates Test tooling to verify accuracy Maintenance of sample test libraries alongside specifications • Identify potential for harmonisation • Effectively manage bilateral agreements 15
  • 16. Q&A 16
  • 17. Conclusions and Next Steps • Highlighted the value of the fit-for-purpose features leveraging the single gold source of formal and structured content. • Log in and try it out today: www.swift.com/mystandards • We are continuing our dialogue with the community and welcome any feedback. Contact us at mystandards@swift.com. 17
  • 18. Thank you 18