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SWIFT Middle East Regional Conference Abu Dhabi, March 2012 Corporate Connectivity.

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Presentation on theme: "SWIFT Middle East Regional Conference Abu Dhabi, March 2012 Corporate Connectivity."— Presentation transcript:

1 SWIFT Middle East Regional Conference Abu Dhabi, March 2012 Corporate Connectivity

2 SWIFT Community Banks IMIs Corporates Insurance Companies Payments MIs Government Institutions Trustees Broker-Dealers Payment Systems Clearing & Settlement Systems Depositories Stock Exchanges Securities MIs 2SWIFT MERC Regional Conference - Abu Dhabi

3 Connectivity – An evolving landscape E-Banking Portal Single client- to-bank connection Host-to-Host Connectivity Single bank multiple corporates in a supply chain SWIFT for Corporates Multi-banked corporation Increasing number of banking relationships Increasing corporate technical sophistication & international reach 3SWIFT MERC Regional Conference - Abu Dhabi

4 4 Corporate SWIFTNet Accounts payable Accounts receivable Treasury Other Single gateway SWIFT for Corporates value proposition Corporate e-banking Y host to host X Fax - emails VAN Internet Leased line Accounts payable Accounts receivable Treasury Other Multiple bank channelsStandardised gateway –High cost –Security issue –Manual processing –Many parties involved –Multiple implementation skills –Enables visibility on cash globally. –Lower cost –Increased control and security –Reduced risk –Clear cost structure SWIFT MERC Regional Conference - Abu Dhabi

5 5 Treasury and Risk Management Treasury and Risk Management Cash Management Cash Management Trade Finance Evolution of Financial services SWIFT MERC Regional Conference - Abu Dhabi MT103 MT940 MT101 MT798 FileAct

6 SWIFT MERC Regional Conference - Abu Dhabi6 Competitive advantages for banks New value added benefits for your Bank: Respond to corporate clients needs Complete channel product range Focus on value added services provided over a standardized channel Cross sell, gain additional business New value added services for your customers : Centralized accounting Real time visibility on funds and payment process Bulk payment offer Money market confirmation and real time matching New banking opportunities (Trade, Funds…)

7 Corporate MACUG SCORE Membership Listed on Stock Exchange of FATF country Nominated by a bank in FATF country Register on each Bank CUG and obtain approval from each bank FIN Treasury payment MT Messages FileAct File Transfer File formats supported : PAYMUL, iFile, iDoc, XML ISO20022 Messaging Services Connectivity IndirectDirect Infrastructure owned and operated by customer Alliance Lite Infrastructure owned and operated by Service Bureau SWIFTNet connectivity infrastructure via the intenet SWIFTnet Framework for SWIFT connectivity Multi-banked, Seeking channel Standardisation 7SWIFT MERC Regional Conference - Abu Dhabi

8 Corporate access to SWIFT - Membership An evolution 2001 MA-CUG Each bank sets up its own CUG environment – Corporates can join several MA-CUGs No usage restrictions Corporate A Corporate B Bank B Bank A Bank C 2007 SCORE Each bank joins the SWIFT administered CUG - Corporates access all banks in SCORE Limited usage restrictions 8SWIFT MERC Regional Conference - Abu Dhabi

9 Alliance Lite Simple solution over Internet Internet Direct connection Manage your own SWIFT connection Indirect connection Outsource SWIFT connection Service bureau or Member/Concentrator VPN Internet or VPN Web server Work flow SWIFTAlliance SWIFT Network partners VPN Connectivity options 9SWIFT MERC Regional Conference - Abu Dhabi

10 10 Corporates on SWIFT Where do we stand today ? 402 579 726 902 # registered corporate entities Geographical split EMEA Americas 73% 18% Asia Pacific 9% SWIFT MERC Regional Conference - Abu Dhabi

11 11 28 corporates Corporates MENA Distribution SWIFT MERC Regional Conference - Abu Dhabi

12 List of Corporates in MENA 12SWIFT MERC Regional Conference - Abu Dhabi

13 13 Evolution of corporate traffic in MENA

14 Corporates in MENA - 2011 Distribution of MT sent with values SWIFT MERC Regional Conference - Abu Dhabi14

15 Corporates in MENA - 2011 Distribution of MT received with values SWIFT MERC Regional Conference - Abu Dhabi15

16 16 Case studies and customer testimonials (5 year business case analysis) Together with your bank we can make your business case Arcelor Mittal 600% ROI GE 410% ROI Novartis 120% ROI Swiss Re 4 x savings to investment T-Mobile 180% ROI DuPont 200% ROI Iberia 280% ROI Petronas 410% ROI EADS BELCORP Microsoft 326% ROI Yves Rocher SWIFT MERC Regional Conference - Abu Dhabi

17 SWIFT Secure Signature Key SWIFT MERC Regional Conference - Abu Dhabi17

18 Current Landscape – The Corporate View No uniform mechanism Different system per bank Costly & difficult to maintain SWIFT MERC Regional Conference - Abu Dhabi18 We have !!! We want ALL BANKS Multi-Bank Multi-Application Multi-Network Multi-Country

19 Bank & Community Perspectives Interoperable: multi-bank, multi-application, multi-channel and multi-country Non-repudiation: PKI digital signature - WHO, WHAT, WHEN Highly secure: personal certificates and secure keys stored on hardware token Reducing costs: single shared CA infrastructure & operations BUT Banks do not want to rely on registration activity and/or PKI infrastructure of each other Each bank must do its own registration and comply with its own Know- Your-Customer rules SWIFT MERC Regional Conference - Abu Dhabi19

20 Key benefits For Vendors Benefit from interoperable solution, easy to integrate and can be used across banks globally For Banks Cost effective use of trusted shared infrastructure whilst keeping control over the user identity (KYC) For Corporates One token, one process, one password across banks, networks and countries SWIFT MERC Regional Conference - Abu Dhabi20

21 3SKey in 5 steps Obtain token 1 1 Activate token on 3SKey Portal Register token with one or multiple banks John John =corp12345678 Authenticate or sign messages on multiple channels 2 2 3 3 4 4 corp12345678 Revoked ? SWIFT MERC Regional Conference - Abu Dhabi Check the CRL 5 5 21

22 Why using 3SKey? SWIFT MERC Regional Conference - Abu Dhabi22 Multi-bank signing solution Reduced complexity & cost by using single device & process Secure solution using latest cryptographic technology Better service to clients Interoperability without reliance amongst banks Cost reduction by using shared infrastructure CORPORATE USERS BANKS

23 Roll-out Status +9,000 activated users 25 banking groups 40 application vendors +20,000 tokens distributed SWIFT MERC Regional Conference - Abu Dhabi 80 countries 23

24 Thank you SWIFT MERC Regional Conference - Abu Dhabi24


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