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The business advantage of transforming data into actionable information New Initiatives 27-28 March, 2012 SWIFT Middle East Regional Conference Abu Dhabi,

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Presentation on theme: "The business advantage of transforming data into actionable information New Initiatives 27-28 March, 2012 SWIFT Middle East Regional Conference Abu Dhabi,"— Presentation transcript:

1 The business advantage of transforming data into actionable information New Initiatives March, 2012 SWIFT Middle East Regional Conference Abu Dhabi, United Arab Emirates

2 2 Actionable Information Business Intelligence Sanctions Screening MyStandardsSWIFTRef Sanctions screening Automate transaction monitoring and filtering with zero-software Business intelligence Leverage the insights of SWIFT traffic data and differentiate your transaction business MyStandards Reduce the cost, time and increase the quality of standards management SWIFTRef A single source for all your global payments reference data needs

3 Business Intelligence

4 Year on Year quarterly growth rates Introduction: SWIFT statistics are unique GDP and SWIFT Payments show a similar trend *OECD Europe Q is provisional Source:SWIFT, OECD 4

5 Global view of the SWIFT Index Source: SWIFT, OECD ActualActual & CalculatedNowcastedForecasted % growth, quarter on quarter Global GDP Actual GrowthGlobal GDP Growth based on SWIFT Index Actual GDP growth Actual & calculated based on the SWIFT Index Nowcasting Forecasting 5

6 6 Business Intelligence Challenges Assess & Monitor your performance Position yourself in the market Base your decision making on facts and figures

7 Middle East vs. the World- Index evolution 7 Customer Payments Index based on the volume (Jan 2011 as base)

8 Middle East vs. the World – Country view 8 Distribution of the transactions & value of Customer Payments received by the Middle East countries

9 Middle East vs the World– TOP 10 currencies in absolute growth (Q vs Q4 2010) 9 Customer Payments Worldwide 9 Number of Customer Payments received by the Middle East per currency & percentage growth

10 10 BI WATCH / INSIGHT/ Consulting Business Intelligence Solutions BI Services WATCH Insight WATCH Analyzers

11 Sanctions Screening

12  Regulatory scrutiny and enforcement of sanctions policies is increasing  Available screening solutions complex and costly to maintain  Challenges for low-volume financial institutions Context around Sanctions screening SWIFT is launching a centralised screening service 12

13 Scope of the SWIFT service Sanctions Screening over SWIFT is a transaction screening service: FIN MT messages (CAT 1, 2, 4 and 7 at launch) Real time Sanctions Screening over SWIFT is a transaction screening service: FIN MT messages (CAT 1, 2, 4 and 7 at launch) Real time Customer identification & verification Initial due diligence Customer screening Ongoing due diligence Customer & transaction monitoring Transaction screening start transacting On-boarding process Ongoing reviews 13

14 notification Your institution Your correspondents An innovative central screening platform Best-in-class screening engine Centrally hosted and operated by SWIFT Sanctions List update service No local software installation & integration Best-in-class screening engine Centrally hosted and operated by SWIFT Sanctions List update service No local software installation & integration

15 Sanctions screening Advanced screening engine with list management Reduce your total cost of compliance with a central utility easy to implement no software no installation no maintenance 15

16 MyStandards

17 17 Time consuming Prone to errors Resource-intensive Costly Automation of business processes Standards Standards are a necessity, but managing them can become a challenge…

18 MyStandards MyStandards is a collaborative web platform to better manage standards definitions and usage 18

19 Base Standards: MT/MX/ISO Global market practicesLocal market practicesBilateral guidelinesInternal specifications Market practice groups Financial institutions Content Centralize all of your standards-related information on-line 19

20 Base Standards: MT/MX/ISO Publish & CollaborateImplementAnalyseCapture Market practice groups Financial institutions Features Value for all actors from designers to consumers Collaborative 20

21 Improve release management Centralise all your standards information Streamline usage guidelines management Enable efficient collaboration Automate user-friendly documentation Speed up accurate implementation 21 MyStandards

22 swiftref The new name in reference data

23 SWIFTRef Utility - benefits Beneficary’s BIC Beneficiary’s acc.nb Intermediary BIC Intermed. acc. nb Intermed. bank code Payment system X FIN service Y ISO SSI sort c. SWIFT BA EPC EBA SSI Beneficary’s BIC Beneficiary’s acc.nb Intermediary BIC Intermed. acc. nb Intermed. bank code Payment system X FIN service Y ISO SSI sort c. EBA SSI SWIFT EPC BA Today You maintain the data Tomorrow SWIFTRef Utility Today you need to worry about maintaining payments reference data from different sources. Tomorrow, with SWIFTRef utility, you can get all this data through a channel of your choice, updated daily, fully automatically.

24 The Fundamental Elements Global Comprehensive Transparency Flexible Geography & Payments Networks – not just SWIFT All data sets required for effecting payments Source of data is clear and benchmarked Output content & format – and pricing Utility Everyone has access Partners Working with them –other data providers Service Data plus Information plus helpdesk facilities

25 The challenge is maintaining reference data from different sources get consolidated data through a one channel via the delivery method of your choice At the frequency of your choice, fully automated or manual as you choose SWIFTRef background – the utility Beneficary’s BIC Beneficiary’s acc.nb Intermediary BIC Intermed. acc. nb Intermed. bank code Payment system X FIN service Y ISO SSI Nat IDs EBA MT670 SWIFT EPC BX T2 Licenced Banks GPRU MT094s

26 SWIFTRef background – the eco-system SWIFTRef GPRU SWIFTRef data collection team data from individual FIscollecting data from communities Comsys providing services to communitiesconsolidated data services

27 Improving ‘legacy systems’ Complete Global BenchmarkedCoverage is clear RelationalEverything cross-linked Helpdesk & information services Data plus service Special services for market segments Regional services can be provided

28 Upgrade Programme time table Upgrade activity Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2 SWIFTRef launch Upgrade programme – general announcement Online Directories and SSI Directory upgrades BICPlusIBAN Directory and SEPA Routing Directory upgrades Termination old products/contracts Upgrades will be organised in “waves”. SWIFT will pro-actively contact each customer during 2012 No change to the BIC directory, CCH file, Bank file (Alliance)

29 Transaction filtering with zero-software Differentiate your transaction business Easy Standards management A single source of payments data


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