SOFE 2013
SWIFT Products and Services Plenary
Ton Versteeg, Vice President, Market Infrastructure,
Rabobank Nederland
Step...
Products & Services
SOFE 2013 Plenary
Saskia Devolder - Head of Benelux and France
SWIFT2015 – 18 initiatives in 4 key areas
Deepening the Core
Custody &
Asset
Servicing

RTGS

Corporates

Correspondent
Ba...
2014 Operating Plan – Background
Business context
Cautious
optimism
with traffic
growth and
price
reduction

Industry
chal...
Products & Services
SOFE 2013 Plenary
Luc Van Bergen - Head of Core Platform
Stephen Gilderdale - Head of New Business Dev...
SWIFT Products and Services
Applications
Interfaces
Connectivity

Standards

Messaging

Products & Services - SOFE 2013 Pl...
Messaging

Our core mission is secure,
resilient, reliable financial messaging
• Cross-border payments
• Cross-border secu...
Reinforced by platform investments

Messaging

• New state-of-the-art operating
centre in Switzerland
• FIN Renewal - behi...
SWIFT traffic headlines

4,434
FIN growth trend

Messaging

million FIN messages in 2013

+ 10.64%

Peak days of +20

mill...
Messaging

Solid growth in FileAct

40%

2260+

Traffic
volume
growth

100%
Availability
In 2013

Products & Services - SO...
Messaging

FileAct
Evolution
Increased
efficiency
Transfer
time,
throughput

Operational
Enhancements

Backward
Compatibil...
SWIFT Products & Services

Applications

Interfaces

Secure
Connectivity

Products & Services - SOFE 2013 Plenary

12
Connectivity

HSM Refresh
1st Phase - Hardware replacement

What

Why

When

OR

2013

2014

2015

Communicate
Prepare

Sh...
HSM Refresh
2nd Phase – HSM usability enhancements

Connectivity

• Improve HSM usability, without
compromising on securit...
Connectivity

NEW in 2014
Alliance Connect Everywhere
Network connectivity goes mobile

•
•
•
•
•

Mobile network connecti...
SWIFT Products & Services

Applications

Interfaces

Products & Services - SOFE 2013 Plenary

16
The Alliance Family
A solution for every problem and every need

Interfaces

Integration
capabilities

Customization

Conv...
Interfaces

Alliance Messaging Hub
Highlights
Integrated
in the Alliance
family

Commercially
available

Key attributes

M...
Alliance Access
SWIFT’s flagship interface continues to evolve

Linux
OS support

Enhanced
FileAct

Products & Services - ...
Interfaces

Alliance Remote Gateway
Your Alliance Gateway, SNL and HSM
in the cloud

Alliance
Gateway

Alliance
Access
or
...
Alliance Lifeline
Your connection to SWIFT when everything
else fails

Interfaces

Alliance
Lifeline

Products & Services ...
Interfaces

Alliance Lifeline
Your connection to SWIFT when everything else fails
When your
main SWIFT
connection
becomes
...
SWIFT Professional Services
Expert knowledge from start to finish

Products & Services - SOFE 2013 Plenary

Interfaces

23
SWIFT Products & Services

Applications
Business
Intelligence

My
Standards
SWIFTRef

Matching

Products & Services - SOFE...
Getting more out of SWIFT

Secure, reliable financial messaging

Broad range of connectivity options

Value-added products...
Business Intelligence
Gain insight through unique data
Accurate
and
granular
data

Insights
at
fingertips

Visual and busi...
Business Intelligence
New in 2014
Migration to best in-class platform
Business
Intelligence

• Earlier, more collaborative...
SWIFTRef
Increase STP using quality reference data
Bank
Bank data data
•
•
•
•

BIC and LEI codes

BIC directory (150+ cou...
SWIFTRef
New in 2014
Global utility

Increasing
STP
Focus on
quality of
data

New collaboration with key country players

...
MyStandards
Share, manage and test industry formats
Consume
industry specs

Increase Internal
Efficency
Publish
for your c...
MyStandards
New in 2014
Community
My
Standards

Continuous
evolution
driven by the
community
Management
& testing of
own f...
Matching
Drive down cost and risk in trade matching
Accord central
matching

Client
side

GETC

Lite 2

MT
513

Market
sid...
Matching
Offering in 2014
GETC
Matching

• Market practice with automated post trade matching
• Based on ISO standards
• I...
Compliance Services
Reduce cost & risk in financial crime compliance
Live

Standards

Development
Qualification
Exploratio...
Compliance Services
Reduce cost & risk in financial crime compliance
Live

Standards

Development
Qualification

Data
repo...
Compliance Services
Reduce cost & risk in financial crime compliance
Live

Standards

Sanctions list service

Development
...
Compliance Services
New in 2014
Financial Crime Intelligence (2Q 2014)
Compliance

Financial
Crime
Intelligence
KYC regist...
Getting more from SWIFT

Business
Intelligence

Gain
insight
through
unique
data

SWIFTRef

Increase
STP using
quality
dat...
SWIFT products & services

Rabobank’s perspective & use

SOFE Amsterdam November 27, 2013

2608102 (corporate presentation...
Our values
The interests of our customers and members are key

• Delivering the best possible solutions to our customers
•...
Key figures Rabobank Group 2013-I
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•

Total assets
Net profit
Return on equity
Core Tier 1-rati...
Rabobank Group global presence

Wereldwijd aanwezig invoegen

2608102 (corporate presentation 2010 ENG)

42
SWIFT products & services

Rabobank’s perspective & use

SOFE Amsterdam November 27, 2013

2608102 (corporate presentation...
SWIFT Training Services

• eTraining.

• Web Class.
• On-site training (tailored).

• Classroom Training.

2608102 (corpor...
SWIFT Consulting Services

• Study on Out of Region DR
• Advantages on 7.0

2608102 (corporate presentation 2010 ENG)

45
Business Intelligence/SWIFT Watch
• Traffic Analyzer
• Value Analyzer
• Message Cost Analyzer
• Billing Analyzer
• Market ...
SWIFTRef

• BIC Directory

• Bank Directory Plus
• IBAN Plus

• Bankers World Online
• MT094 Online

2608102 (corporate pr...
SWIFT Compliance Products

• Sanctions Screening
• Sanctions testing

2608102 (corporate presentation 2010 ENG)

48
Alliance Connectivity

• Alliance Lifeline

2608102 (corporate presentation 2010 ENG)

49
SOFE 2013 – Q&A
• Ton Versteeg, Vice President Market Infrastructure, Rabobank
Nederland and Chairperson SWIFT User Group ...
The Rest of Today’s Agenda
Products and Services Plenary

Saskia
Devolder

Ton
Versteeg

Steven
Gilderdale

SWIFT

Raboban...
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Sofe 2013 products & services plenary

  1. 1. SOFE 2013 SWIFT Products and Services Plenary Ton Versteeg, Vice President, Market Infrastructure, Rabobank Nederland Stephen Gilderdale, Head of New Business Development, SWIFT Luc Van Bergen, Head of Core Platform, Marketing, SWIFT Saskia Devolder, Head of Benelux and France, SWIFT
  2. 2. Products & Services SOFE 2013 Plenary Saskia Devolder - Head of Benelux and France
  3. 3. SWIFT2015 – 18 initiatives in 4 key areas Deepening the Core Custody & Asset Servicing RTGS Corporates Correspondent Banking Expanding the Core Clearing & Settlement Reference Data Sanctions Matching Enabling Interoperability and TCO Reduction Services Interface Hosting High-End Interfaces Low-End Connectivity Go Local Enabling Transformation Platform Brand SOFE – Products and Services Plenary Innovation People CSR 3
  4. 4. 2014 Operating Plan – Background Business context Cautious optimism with traffic growth and price reduction Industry challenges include everincreasing regulation Focus on activities that deliver greatest value to community Deliver on SWIFT 2015 strategy Focus on Compliance Services 2014 priorities Emphasis on core activities 4
  5. 5. Products & Services SOFE 2013 Plenary Luc Van Bergen - Head of Core Platform Stephen Gilderdale - Head of New Business Development
  6. 6. SWIFT Products and Services Applications Interfaces Connectivity Standards Messaging Products & Services - SOFE 2013 Plenary 6
  7. 7. Messaging Our core mission is secure, resilient, reliable financial messaging • Cross-border payments • Cross-border securities • Real-time gross settlement (RTGS) Operational Excellence is at our core 99.999% 7
  8. 8. Reinforced by platform investments Messaging • New state-of-the-art operating centre in Switzerland • FIN Renewal - behind the scenes revolution Products & Services - SOFE 2013 Plenary 8
  9. 9. SWIFT traffic headlines 4,434 FIN growth trend Messaging million FIN messages in 2013 + 10.64% Peak days of +20 million messages Double Digit growth across InterAct and FileAct 9
  10. 10. Messaging Solid growth in FileAct 40% 2260+ Traffic volume growth 100% Availability In 2013 Products & Services - SOFE 2013 Plenary BIC8 on FileAct > 2TB per year Trend continues New coming initiatives 10
  11. 11. Messaging FileAct Evolution Increased efficiency Transfer time, throughput Operational Enhancements Backward Compatibility Products & Services - SOFE 2013 Plenary Sizing guidelines & Benchmark information Delivery End 2014 Mid 2015 11
  12. 12. SWIFT Products & Services Applications Interfaces Secure Connectivity Products & Services - SOFE 2013 Plenary 12
  13. 13. Connectivity HSM Refresh 1st Phase - Hardware replacement What Why When OR 2013 2014 2015 Communicate Prepare Ship boxes Install Alliance Remote Gateway Wrap-up End of support Products & Services - SOFE 2013 Plenary 13
  14. 14. HSM Refresh 2nd Phase – HSM usability enhancements Connectivity • Improve HSM usability, without compromising on security • Roadmap under preparation, based on recent customer consultation and ongoing survey Products & Services - SOFE 2013 Plenary 14
  15. 15. Connectivity NEW in 2014 Alliance Connect Everywhere Network connectivity goes mobile • • • • • Mobile network connectivity Private VPN-non internet based 1SS: end to end SWIFT managed Single invoice For Lite 2 and Lifeline users Products & Services - SOFE 2013 Plenary May 2014 Summer 2014 Pilot Leveraging M2M technology February 2014 Ordering open Shipment of boxes, activation on the network 15
  16. 16. SWIFT Products & Services Applications Interfaces Products & Services - SOFE 2013 Plenary 16
  17. 17. The Alliance Family A solution for every problem and every need Interfaces Integration capabilities Customization Converter Integration Platform Configuration Parameterization Alliance Lite2 Alliance Access Alliance Messaging Hub Base Setup Simple Products & Services - SOFE 2013 Plenary Medium Complex Integration complexity 17
  18. 18. Interfaces Alliance Messaging Hub Highlights Integrated in the Alliance family Commercially available Key attributes Modular Architecture Alliance portfolio Products & Services - SOFE 2013 Plenary January 1st 2014 For complex integration Highly Customisable 18
  19. 19. Alliance Access SWIFT’s flagship interface continues to evolve Linux OS support Enhanced FileAct Products & Services - SOFE 2013 Plenary Integration Platform Interfaces T2S Connector Access for CREST on Linux 19
  20. 20. Interfaces Alliance Remote Gateway Your Alliance Gateway, SNL and HSM in the cloud Alliance Gateway Alliance Access or Alliance Entry HSMs Replace your Gateways SNLs, HSMs Alliance Remote Gateway Customer premises SWIFT Products & Services - SOFE 2013 Plenary 20
  21. 21. Alliance Lifeline Your connection to SWIFT when everything else fails Interfaces Alliance Lifeline Products & Services - SOFE 2013 Plenary 21
  22. 22. Interfaces Alliance Lifeline Your connection to SWIFT when everything else fails When your main SWIFT connection becomes unavailable Interface Application Primary / backup / DR infrastructure at customer site AutoClient @ Alliance Lifeline Internet Optional: Alliance Connect Browsers Products & Services - SOFE 2013 Plenary 22
  23. 23. SWIFT Professional Services Expert knowledge from start to finish Products & Services - SOFE 2013 Plenary Interfaces 23
  24. 24. SWIFT Products & Services Applications Business Intelligence My Standards SWIFTRef Matching Products & Services - SOFE 2013 Plenary Compliance Services 24
  25. 25. Getting more out of SWIFT Secure, reliable financial messaging Broad range of connectivity options Value-added products and services Reducing cost, complexity and risk Products & Services - SOFE 2013 Plenary 25
  26. 26. Business Intelligence Gain insight through unique data Accurate and granular data Insights at fingertips Visual and business-oriented dashboards on a subset of your customer’s correspondent banking business. More market segments to follow. Pre-defined, yet dynamic. Develop footprint and portfolio for Trade finance • • • • • • High level market assessment Regional perspective Country flows Relationship volume activity Value / risk activity Expense monitoring Products & Services - SOFE 2013 Plenary • Global, regional, country, activity share – are we growing? • Trends – hot markets • Opportunities – flow tracking • Validate assumptions • Support regulatory challenges • Confirm business terms with partners • Counterparty risk assessment 26
  27. 27. Business Intelligence New in 2014 Migration to best in-class platform Business Intelligence • Earlier, more collaborative, easy extract, more MTs • First live deployment December 2013 Consulting services on more granular data Best in class platform Enriched data New offers • Enrichments deployed through services • Example: country of origin/destination in payments New offers for 2014 • Intra-day liquidity reporting (pilot phase Q4 2013) • BI for Securities (2014) Products & Services - SOFE 2013 Plenary 27
  28. 28. SWIFTRef Increase STP using quality reference data Bank Bank data data • • • • BIC and LEI codes BIC directory (150+ countries + local National clearing codes (file/online) BIC to LEIlanguage) directory (file/online) Institution details Bank Directory Plus (file) Clearing & Settlement system participation Bank BIC archive hierarchy (file/online) History of all BICs Standing Settlement Standing InstructionsSettlement Instructions (SSI) • SSI Retail (file) • • SSI for commercial and treasury payments (file) SSI Wholesale SSI Plus (file) All data • • SEPA data SEPA data validation IBAN • • IBAN/ IBANBIC from(file) validation Plus BIC derivation IBAN SEPA Plus & SDD adherence SEPA SCT (file) ACH membership & reachability Special data Special data • • ISO countries & currencies Banking holidays Correspondent banking information for due (file) diligence: financials, ratings, … (online CCH Broadcast – MT094 All broadcasts All available via file-based directories, and on-line tools Payments Plus (file) Bankers Worldweb services Online (online) Products & Services - SOFE 2013 Plenary
  29. 29. SWIFTRef New in 2014 Global utility Increasing STP Focus on quality of data New collaboration with key country players Worldwide community • Introduce SWIFTRef Ambassador Program Top quality SWIFTRef • • • Use innovative processes, e.g. FIN extraction Focus on Standing Settlement Instructions Tailored to your needs • • Further expand portfolio in line with customer use Develop cloud services Partners • Embed SWIFTRef in third party solutions Always at your service • Develop new professional services 29
  30. 30. MyStandards Share, manage and test industry formats Consume industry specs Increase Internal Efficency Publish for your customers Reduce Costs Manage your own specs Improve Customer Experience 30
  31. 31. MyStandards New in 2014 Community My Standards Continuous evolution driven by the community Management & testing of own formats • • • • MyStandards user group (launched this month) Working with Market Practice groups Grow services offering Extend ecosystems to partners Evolve and improve • Continuously incorporate user feedback • MyStandards Readiness Portal (Q1 2014) • Extended coverage eg. external code lists Products & Services - SOFE 2013 Plenary 31
  32. 32. Matching Drive down cost and risk in trade matching Accord central matching Client side GETC Lite 2 MT 513 Market side MT 514 MT 515 Affirmation service (I)CSDs T2S, Jasdaq… CLS Custodians MT 517 Trade Repositories CCPs SWIFT connects to Securities Market infrastructures in 63 countries, and to 70 high-value payment / 26 Low-value payment MIs in 90 countries Products & Services - SOFE 2013 Plenary 32
  33. 33. Matching Offering in 2014 GETC Matching • Market practice with automated post trade matching • Based on ISO standards • Increases STP Central matching from Accord GETC Cost and rist reduction Regulatory imperative • • • • Reduces risk and cost Addresses increased regulatory pressure eg. EMIR Outsourced solution (opex) with high levels of resilience and security Significant investment for the future – in 2014 will launch MT601 (precious metal) Affirmations • A low cost fully automated affirmation functionality is available in Accord via Lite2 or existing SWIFT access, predominately aimed at lower automated clients/users (Corporates, IM/AM’s) this enables better control of operation risk, removal of manual processing and reduction in cost. Products & Services - SOFE 2013 Plenary 33
  34. 34. Compliance Services Reduce cost & risk in financial crime compliance Live Standards Development Qualification Exploration Data repository Traffic analysis Processing services Screening Testing Sanctions Products & Services - SOFE 2013 Plenary Traffic restriction (RMA) KYC AML 34
  35. 35. Compliance Services Reduce cost & risk in financial crime compliance Live Standards Development Qualification Data repository KYC registry on SWIFT membership Traffic analysis Processing services Exploration Business intelligence for Compliance Screening Testing Sanctions Products & Services - SOFE 2013 Plenary Payments data quality assessment FATF rec 16 Traffic restriction (RMA) KYC AML 35
  36. 36. Compliance Services Reduce cost & risk in financial crime compliance Live Standards Sanctions list service Development Qualification Data repository KYC registry on SWIFT membership Traffic analysis Processing services Exploration Business intelligence for Compliance Screening Testing Sanctions Products & Services - SOFE 2013 Plenary Payments data quality assessment FATF rec 16 Traffic restriction (RMA) AML testing & tuning KYC AML 36
  37. 37. Compliance Services New in 2014 Financial Crime Intelligence (2Q 2014) Compliance Financial Crime Intelligence KYC registry Sanctions Screening • Service and tool to identify, quantify and target financial crime risk • Anticipate emerging threats, respond to emerging trends, detect unusual patterns • Challenge your own controls, report on their effectiveness Launch a SWIFT KYC Registry (Dec 2014) • Central source of up-to-date documents and data on SWIFT FIs active in correspondent banking • Enriched with traffic and SWIFTRef data (e.g. LEI) • Pilot until June to refine specifications Enhance Sanctions Screening capabilities • Screening of any transaction formats on any network • Sanctions lifeline for disaster recovery situations • Screening of customer data Products & Services - SOFE 2013 Plenary 37
  38. 38. Getting more from SWIFT Business Intelligence Gain insight through unique data SWIFTRef Increase STP using quality data My Standards Matching Compliance services Share, manage and test industry formats Drive down cost and risk in trade matching Reduce cost & risk in financial crime compliance Deliver turnkey solutions through Services Products & Services - SOFE 2013 Plenary 38
  39. 39. SWIFT products & services Rabobank’s perspective & use SOFE Amsterdam November 27, 2013 2608102 (corporate presentation 2010 ENG)
  40. 40. Our values The interests of our customers and members are key • Delivering the best possible solutions to our customers • Offering continuity in our services, thereby serving our customers’ long-term interests • Showing commitment to our customers and their environment, thereby assisting them in realising their ambitions 2608102 (corporate presentation 2010 ENG) 40
  41. 41. Key figures Rabobank Group 2013-I • • • • • • • • • • • • • • • Total assets Net profit Return on equity Core Tier 1-ratio Loan-to-depositratio Local Rabobanks Branches in the Netherlands ATMs in the Netherlands Number of clients Rabobank Group Number of clients local Rabobanks Number of members Number of countries Foreign places of business Number of employees (in FTEs) Ratings S&P/Moody’s/Fitch/DBRS 2608102 (corporate presentation 2010 ENG) 698,388 million euro 1,112 million euro 5.8% 12.9% 1.35 136 802 2,735 10 million 7.5 million 1.9 million 42 761 59,506 AA-/Aa2/AA/AAA 41
  42. 42. Rabobank Group global presence Wereldwijd aanwezig invoegen 2608102 (corporate presentation 2010 ENG) 42
  43. 43. SWIFT products & services Rabobank’s perspective & use SOFE Amsterdam November 27, 2013 2608102 (corporate presentation 2010 ENG)
  44. 44. SWIFT Training Services • eTraining. • Web Class. • On-site training (tailored). • Classroom Training. 2608102 (corporate presentation 2010 ENG) 44
  45. 45. SWIFT Consulting Services • Study on Out of Region DR • Advantages on 7.0 2608102 (corporate presentation 2010 ENG) 45
  46. 46. Business Intelligence/SWIFT Watch • Traffic Analyzer • Value Analyzer • Message Cost Analyzer • Billing Analyzer • Market Analyzer • SWIFT Index 2608102 (corporate presentation 2010 ENG) 46
  47. 47. SWIFTRef • BIC Directory • Bank Directory Plus • IBAN Plus • Bankers World Online • MT094 Online 2608102 (corporate presentation 2010 ENG) 47
  48. 48. SWIFT Compliance Products • Sanctions Screening • Sanctions testing 2608102 (corporate presentation 2010 ENG) 48
  49. 49. Alliance Connectivity • Alliance Lifeline 2608102 (corporate presentation 2010 ENG) 49
  50. 50. SOFE 2013 – Q&A • Ton Versteeg, Vice President Market Infrastructure, Rabobank Nederland and Chairperson SWIFT User Group Netherlands • Stephen Gilderdale, Head of New Business Development, SWIFT • Luc Vanbergen, Head of Core Platform, Marketing, SWIFT • Saskia Devolder, Head of Benelux and France, SWIFT
  51. 51. The Rest of Today’s Agenda Products and Services Plenary Saskia Devolder Ton Versteeg Steven Gilderdale SWIFT Rabobank Nederland SWIFT Luc Vanbergen SWIFT

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