1. Community collaboration: Way forward for Japan

524 views

Published on

Published in: Business, Technology
0 Comments
0 Likes
Statistics
Notes
  • Be the first to comment

  • Be the first to like this

No Downloads
Views
Total views
524
On SlideShare
0
From Embeds
0
Number of Embeds
1
Actions
Shares
0
Downloads
11
Comments
0
Likes
0
Embeds 0
No embeds

No notes for slide

1. Community collaboration: Way forward for Japan

  1. 1. Community Collaboration: Defining the Way Forward for Japan 1 Chris Flanagan Head of Markets, Asia Pacific
  2. 2. 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
  3. 3. 2014 2015 2020 SWIFT2020 Exploration Geopolitical Disrupters Market & Technology Drivers 3
  4. 4. 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
  5. 5. 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
  6. 6. 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
  7. 7. Common challenges unique solutions 9 Partnering to Solve Community Issues

×