1. About SWIFT Learn when and why SWIFT was created
Understand SWIFT’s governance
Recognise SWIFT’s guiding values
Welcome to the ‘About SWIFT’ course
After completing this course, you will understand why SWIFT was created, know how the governance of SWIFT is organised, and recognise which values guide SWIFT.
No learning pre-requisite is required.
Duration: 15 minutes
Start

2. Menu
Start
SWIFT’s history
How is SWIFT’s governance organised?
What are SWIFT’s core values?

3. SWIFT’s history
SWIFT’s history

4. Late 60's Need for standardisation Highly manual processes
Limited confidentiality
High risks
Caption:
In the late 1960s, the volume of cross-border payments started to increase exponentially.
Banks commonly communicated with each other using telex, telephone or tape, which involved quite a few manual tasks. The risk of errors was great, language issues prevented clear communication or slowed it down, the level of security was never 100%.
There was a need for standardisation to increase efficiency.
Animation:
add icons between banks: phone, fax, telex, paper, etc. Should move with the arrows. Approval: already approved by Rosemary

5. Platform Standards Community Product and services 3 May 1973
239 banks from 15 countries unite to solve a common issue.
They create SWIFT.
Platform: SWIFT is entirely focused on offering its members the world's foremost messaging infrastructure with the lowest risk and the highest
resilience. SWIFT also strives to expand its reach continuously to further increase its usefulness for the financial community. This is done by attracting more and different types of members and by offering new and increasingly automated messaging
services on its platform.
Platform ?
Standards ?
Community ?
Caption:
In 1973 a group of 239 banks decided to solve this common problem and create a utility that would:
- Provide a shared technology platform to carry their financial messages
- Create standards, a common language understandable by all
Act as an open forum where the financial community could discuss and address areas of concerns
In 1973 SWIFT was founded in Belgium.
Animation: SWIFT logo appears and words PLATFORM, STANDARDS, OPEN FORUM
Approval: already approved by Rosemary
Explore: Click on each to understand the objectives
Platform: SWIFT is entirely focused on offering its members the world's foremost messaging infrastructure with the lowest risk and the highest
resilience. SWIFT also strives to expand its reach continuously to further increase its usefulness for the financial community.
This is done by attracting more and different types of members and by offering new and increasingly automated messaging
services on its platform.
Standards: SWIFT develops, in cooperation with the community and ISO (International Organization for Standardization), message text standards to support the business transactions of SWIFT users. Messages standards enable financial institutions to move from manual to automated initiation and processing of financial messages.
Community: SWIFT brings the global financial community together to work collaboratively to shape market practice, define messaging standards and debate issues of mutual interest with a view to developing collaborative solutions.
Products & Services: SWIFT’s platform and standards are reinforced through software and connectivity and shared services solutions such as financial crime compliance, reference data and business intelligence services. Today we serve more than 10, 800 customers across countries and territories. In 2014, we exchanged 5.6 billion financial messages over SWIFT.
Product and services ?

6. SWIFT evolves
More institution types connect such as Banks, Securities players, Market Infrastructures, and Corporates
Today, not only banks connect to SWIFT, but also other institutions such as:
- Securities players: broker dealers, investment managers, custodians and fund administrators
- Market infrastructures: central banks, central securities depositories, exchanges and clearing houses
- Corporates: large groups or smaller companies
Our range of services has evolved to meet the needs of our global community.
Animation: build on previous slide
Approval: already approved by Rosemary

7. 40 years serving the global financial community?
1977
SWIFT goes live ?
1989
Launch of SWIFT II ?
1991
The Smithsonian recognises SWIFT ?
2004
Distributed architecture ?
2008
SWIFTNet migration completed
Studio suggestion:
Each button of the menu should be linked to a slide( 7-10, and trigger a “simple fade transition” between the current slide and the cliked on. I think it’s easier to develop, and uses interaction.
Caption:
SWIFT has a rich past. Over 40 years, we have continuously progressed to meet the needs of the community worldwide, and always with a focus on our platform, standards and communities.
Discover a few highlights in the history of SWIFT that demonstrate we are a key technology partner of the financial industry.
Animation:
The developer can see what is easiest in articulate, but this should call for user interaction.
1/ make 1 animation out of slides 7-10 where the dates appear when the user drags the slider
2/ use the left buttons to select an area (platform, standard, etc) and click dates (hover over)
3/ other options
Approval:
text comes from SWIFT.com and SWIFT anniversary book. Selection based on Rosemary’s and Tamara’s recommendations. To be validated.
Explore details:
1977: On May 1977 SWIFT went live. It took SWIFT 4 years, between 1973 and 1977, to develop a solid platform, the operating centre, the necessary end-to-end security protocols, the first industry standards, and the first user interface. But by the end of 1977, all 15 founder countries were live on SWIFT and transmitted 20 million messages over the secure platform.
1989: In 1984, SWIFT announced a major platform enhancement and the move to SWIFT II, which became a reality in SWIFT II was based on a new architecture, providing enhanced capacity, and scalability. It is the version of FIN which is still largely running today.
1991: In 1991 SWIFT received the Computerworld Smithsonian Information Technology award for its work in the field in the field of standardised financial telecommunication. The award recognised that SWIFT had constructed a reliable, rapid, and far-reaching computerised system for transmitting essential financial data.
2004: In 2004, all SWIFT customers completed their migration from SWIFT’s X.25-based platform to SWIFTNet, SWIFT’s IP-based platform.
SWIFTNet opened the door to a new set of messaging services, tailored to customer requirements. Connecting to interactive applications and secure file transfer was now possible in addition.
2008: In 2008, the distributed Architecture programme completed Phase One successfully. Distributed architecture organises SWIFT messaging services into two processing zones, improves resilience, adds capacity, controls long-term average message costs, and alleviates European data protection concerns.
Platform
Standards
Community
Products and services
Key numbers

8. 40 years serving the global financial community
2015: Many Market infrastructures are seen to be the successful early adopters of ISO 20022, typically because they plan with longer time horizons than many businesses, because they are often critical steps in larger business processes, and because ISO is treated as a unification tool between business specialisation and technology trends.
00s
10s ?
1973
Proprietary MT ?
1984
ISO 7775 ?
1996
Straight-Through Processing (STP) ?
2004
ISO 20022 ?
2015
SWIFT engages with 14 ISO initiatives ?
1999
ISO 15022
Studio suggestion:
Each button of the menu should be linked to a slide( 7-10, and trigger a “simple fade transition” between the current slide and the cliked on. I think it’s easier to develop, and uses interaction.
Caption: Since the development of the first payment standards in the 1970s, SWIFT has played an important role in standardisation, notably by creating and maintaining global financial messaging and reference data standards.
Animation:
Note: only use the caption if required.
The developer can see what is easiest in articulate, but this should call for user interaction.
1/ make 1 animation out of slides 7-10 where the dates appear when the user drags the slider
2/ use the left buttons to select an area (platform, standard, etc) and click dates (hover over)
3/ other options
Approval:
text comes from Standards (Chantal Vanes) Selection must still be reviewed
Explore details:
1973: SWIFT launches the first SWIFT standards - the SWIFT MTs (Messages Type). The SWIFT MTs are computer-processable versions of the telexes they replaced. SWIFT MTs are still at the core of many financial transactions today, specifically in the payments area.
1984: Between 1984 and 1997 SWIFT collaborated with custodian banks in the development of a new set of securities messages under the ISO standard This standard, based on SWIFT’s proprietary language, contributed to greater automation and later evolved when securities players were allowed to join SWIFT.
1996: SWIFT steps up its straight-through processing (STP) drive with a dedicated team and solutions that address the root causes of non-STP-compliant messages. The focus is on reducing costs, managing risk, and improving automation.
1999: In 1999, the financial community pushed ISO to form a working group that would release a fundamentally new standard for the fast evolving Securities market. The result was ISO 15022, which consisted of a set of syntax and message design rules, and a dictionary of data fields. These messages are still being used and enhanced today.
2004: ISO standards were launched in response to internet growth and to allow shorter processing cycles. ISO uses a modelling methodology to capture financial business areas, business transactions, and associated message flows in a syntax-independent way, thanks to XML.
2015: Many Market infrastructures are seen to be the successful early adopters of ISO 20022, typically because they plan with longer time horizons than many businesses, because they are often critical steps in larger business processes, and because ISO is treated as a unification tool between business specialisation and technology trends.
Platform
Standards
Community
Products and services
Key numbers

9. 40 years serving the global financial community?
1978
First Sibos ?
1983
Market Infrastructures ?
1998
SWIFT for Corporates ?
2008
Corporate Social Responsibility (CSR) ?
1987
SWIFT enters the Securities Market ?
2009
Innotribe
Studio suggestion:
Each button of the menu should be linked to a slide( 7-10, and trigger a “simple fade transition” between the current slide and the cliked on. I think it’s easier to develop, and uses interaction.
Caption: SWIFT continuously maintains a close relationship with its Community to ensure a perfect match between market requirements and offering.
Animation:
The developer can see what is easiest in articulate, but this should call for user interaction. Intro caption to be used only if necessary.
1/ make 1 animation out of slides 7-10 where the dates appear when the user drags the slider
2/ use the left buttons to select an area (platform, standard, etc) and click dates (hover over)
3/ other options
Approval:
text comes from SWIFT.com and SWIFT anniversary book. Selection based on Rosemary’s and Tamara’s recommendations. To be validated.
Explore details:
1978:
With the platform up and running, SWIFT customers needed a multinational forum in which they could address operational issues and learn about new developments. Sibos was created to help SWIFT keep in contact with the community. It originally stood for SWIFT International Banking Operations Seminar.
1983:
Banque Nationale de Belgique becomes the 1,000th SWIFT member. The connection of central banks and Market Infrastructures reinforces SWIFT's position as the common link between all parties in the banking industry.
1987:
In 1987, SWIFT’s owning banks voted an important step to open up membership to financial institutions that were not banks. The membership expanded to include broker dealers, exchanges, central depositories, and clearing institutions.
1998:
In 1998, the first corporate connected to SWIFT as Treasury Counterparty, to simplify the complexity of the corporate-to-bank business. The service was extended in 2007 with the launch of SWIFT for Corporates, to provide a generic operating framework to corporates connecting to several banks.
Today SWIFT keeps on helping banks on-board their corporates, and enables the transfer of standardised and secure messages between parties.
2008: In 2008, SWIFT adopted a structured approach to Corporate Social Responsibility (CSR). SWIFT is committed to the environment, the welfare of its people, and the communities in which it operates. Over the years SWIFT has sponsored many cultural and charitable causes through the efforts of its employees or members of the community.
2009: Innotribe was launched at Sibos in Innotribe provides a view of new innovative and opportunistic technologies. Through the Startup Challenges and at Sibos, Innotribe brings business and technology leaders together with trend-watchers and innovative thinkers to help facilitate collaborative innovation.
Platform
Standards
Community
Products and services
Key numbers

10. 40 years serving the global financial community?
1981
ST100 ?
2011
SWIFTRef ?
1993
Alliance Access ?
2005
Business Intelligence ?
2012
MyStandards
Sanctions screening
Sanctions testing ?
2014
The KYC Registry
Compliance analytics
MIRS
Studio suggestion:
Each button of the menu should be linked to a slide( 7-10, and trigger a “simple fade transition” between the current slide and the cliked on. I think it’s easier to develop, and uses interaction.
Caption: SWIFT’s products and services continually evolve to support our community’s growing array of access, integration, business intelligence, reference data and financial crime compliance needs. They help our users get the most out of SWIFT messaging.
Animation:
The developer can see what is easiest in articulate, but this should call for user interaction. Captions to be used only if required.
1/ make 1 animation out of slides 7-10 where the dates appear when the user drags the slider
2/ use the left buttons to select an area (platform, standard, etc) and click dates (hover over)
3/ other options
Approval:
text comes from SWIFT.com and SWIFT anniversary book. Selection based on Rosemary’s and Tamara’s recommendations. To be validated.
Explore details:
1981: Delivery of ST100, SWIFT first terminal system. ST100 was followed by ST200, ST400 and ST500. All terminal systems were later replaced by the Alliance interfaces.
1993: Launch of Alliance Access, SWIFT’s leading messaging interface, allowing banks and market infrastructures to connect to SWIFT. The Alliance product range evolved to include connectivity and integration solutions, suitable for any user profile.
2005: The first business intelligence offering was delivered in The product, drawing on the transaction information available on the platform, provides targeted business analysis, and allows sharper, faster decision-making and improved performance.
2011: SWIFTRef is a single source for worldwide financial data. SWIFTRef allows users to generate and process transactions smoothly and to minimise the number of inaccurate or delayed payments and reports.
2012:
MyStandards is a collaborative web platform, offering a structured repository of local market practices and bilateral standard specifications.
Sanction Screening & testing: At the request of our community, SWIFT launched its first two products in the financial crime compliance segment:
Sanctions Screening: a securely-hosted screening engine to help users address the cost, effort and complexity of meeting compliance obligations.
Sanction Testing: an independent and automated testing engine providing quality assurance of customers compliance processes.
2014:
MIRS is a generic Real-Time Gross Settlement (RTGS) system that provides operational and business continuity services to RTGS operators in case of failure.
KYC: A shared platform for managing and exchanging standardised Know Your Customer (KYC) data.
Analytics: A service leveraging SWIFT message traffic and providing detailed analysis to help banks monitor and address financial crime risk
Platform
Standards
Community
Products and services
Key numbers

11. 40 years serving the global financial community?
1977
First SWIFT message ?
1993
100 countries ?
2003
2 billion messages/year ?
2013
5 billion messages/year ?
1995
5,000 customers ?
2007
3 billion messages/year ?
1999
1 billion messages/year
Studio suggestion:
Each button of the menu should be linked to a slide( 7-10, and trigger a “simple fade transition” between the current slide and the cliked on. I think it’s easier to develop, and uses interaction.
Caption:
Discover a few figures that highlight the speed of SWIFT’s development.
Animation:
The developer can see what is easiest in articulate, but this should call for user interaction. Captions to be used only if required.
1/ make 1 animation out of slides 7-10 where the dates appear when the user drags the slider
2/ use the left buttons to select an area (platform, standard, etc) and click dates (hover over)
3/ other options
Approval: Jeff Schenk
text comes from “risk in focus”
Explore details:
1977: SWIFT goes live: First SWIFT message sent. SWIFT processes 3.4 million messages/year.
1993: SWIFT reaches more than 100 countries. SWIFT processes 457 million messages/year.
1995: SWIFT exceeds 5,000 customers.
1999: SWIFT exceeds 1 billion messages/year.
2003: SWIFT exceeds 2 billion messages/year.
2007: SWIFT exceeds 3 billion messages/year.
2013: SWIFT exceeds 5 billion messages/year.
Platform
Standards
Community
Products and services
Key numbers

12. How is SWIFT’s governance organised?

13. How is SWIFT governed? Board Members User community
Overseers
A community-driven structure
Board
Members
User community
SWIFT is a co-operative owned by the financial community.
To ensure it is operated for the benefit of all its users, SWIFT has a pyramidal governance structure. Communication between the levels flows top down and bottom up: each level is responsible for collecting information from the previous one and transfers information to the next one.
Animation:
Pyramid appears with arrows flowing up and down to show continuous contacts between the groups.
The detailed text for each block appears as user clicks on them
_> add boxes for UG, MG, etc., rest is voice
Approval: the entire governance section was reviewed and approved by Blanche
Explore details: text appears when the user selects each block. Text disappears once the user selects another.
Users
SWIFT serves over 10,000 users in more than 200 countries. They form the SWIFT community.
Each country is organised around a National User Group, a group of all SWIFT users in the country, that acts as a forum for planning and coordinating operational activities. The user group is chaired by the User Group Chairperson, who is a prime line of communication between the national user community and SWIFT.
Members:
Members are the shareholders of SWIFT. They organise themselves at countries level and form together the “National Member Groups”.
A National Member Group (NMG) comprises all of a country's members and serves to coordinate their views.
The National Member Groups appoint the Board of Directors, approve the accounts, and take decisions on major topics related to SWIFT, including the approval of users’ eligibility criteria and share reallocation formula.
Board:
The Board of Directors is composed of 25 members nominated by the National Member Groups. The Board is responsible for governing and overseeing the company. It sets up the strategy of the company and decides on policy matters. It has delegated the day-to-day management to the CEO.
The Board meets at least 4 times a year and has six Board committees, each of which specialises in the supervision of different aspects of the business: audit and finance, human resources, payments, securities, standards, and technology. Overseers: Being a strategic international financial messaging provider to the financial industry, SWIFT is overseen by the central banks of the G10 countries. The National Bank of Beligum acts as the lead overseer.

14. How are SWIFT users organised?
SWIFT users are organised in three subcategories. Access rights are based on company type and messages used.
User community
Supervised Financial Institutions
Non-supervised financial institutions
Closed User Groups and Corporate entities
Full access
Broad access
Restricted access
SWIFT users are organised in three subcategories, with their own eligibility criteria defined by the shareholders: supervised financial institutions, non- supervised entities active in the financial industry, and closed user groups and corporates.
The user category determines the range of financial messages that the user can send over SWIFT. The range of usage matches their business requirements and improves STP.
Animation: the user block of slide 23 becomes bigger, the two other layers fade out and the 3 blocks underneath appear.
Design note: The animation required is not possible due to ppt limitation.
Details of Explore – when clicking each block:
A supervised financial institution has full access to SWIFT services and can send all messages to SWIFT users. This category includes all shareholding members.
Examples in this category are trading institutions, brokers, dealers, fund administrators, securities exchanges, etc.
Non-supervised entities active in the financial industry have broad access to SWIFT services to send all messages, with limitations regarding payment messages.
Examples are treasury Electronic Trade Confirmations (ETC) service providers or securities Proxy Voting agencies.
Closed User Groups/Corporates Since 1987, SWIFT has been open to non-bank financial institutions. They have limited access to SWIFT services and products.
The scope of the messages that can be sent is defined either by the Closed User Group administrator or in SWIFT messaging services.
Financial market regulators, Securities Market Data Providers, corporates, or treasury counterparties are some examples in this group.

15. How does SWIFT guarantee compliance with regulations?
Compliance with laws
and regulations
SWIFT
and
customers’ data
Privacy is a fundamental commitment at SWIFT, an essential component of our core services and integral to the SWIFT environment.
Animation: hover over
Compliance with laws and regulations
SWIFT provides its services on a worldwide basis and ensures at any time that it remains neutral. It complies with all applicable laws and regulations.
Responsibility for ensuring that individual financial transactions comply with applicable laws, however, rests with the financial institutions handling them, and their competent authorities. SWIFT is only a messaging service provider and has no involvement in or control over the underlying financial transactions that are mentioned by its financial institutional customers in their messages.
SWIFT and customers’ data
Privacy is a fundamental commitment at SWIFT, an essential component of our core services and integral to the SWIFT environment. SWIFT protects the data and privacy of its customers around the world. It operates its services to strict privacy and data protection standards and in compliance with EU data protection regulation, considered as the most stringent privacy legislation in the world.

16. How does SWIFT maintain contact with its user base?
A global presence.
Over 25 regional offices.
Stockholm
London
Frankfurt
Moscow
New York
Paris
Vienna
Beijing
Tokyo
Miami
Madrid
La Hulpe
Shanghai
Dubai
Mexico
Milano
Mumbai
Kuala Lumpur
Accra
Nairobi
Sao Paulo
Singapore
Gauteng
Sydney
To be able to better understand the reality of our users, SWIFT has over 25 regional offices, as well as a network of business partners around the world. Thanks to our global presence, SWIFT is able to give top class support to our users.
Animation:
Globe that rotates

17. What are SWIFT’s core values?

18. What values guide SWIFT?
Excellence
Communities
Innovation
Excellence, community, and innovation are the values we relentlessly focus on, in all areas of our business.
Animation: each value appears in turn
Explore:
Excellence
Excellence is an imperative at SWIFT – above all, operational excellence: SWIFT’s core systems provide exceptional availability and security.
Community
As a global cooperative, SWIFT values the close relationship with its Community. We maintain a strong dialogue with our Community, through our governance process but also through a series of annual events and conferences. These events enable SWIFT to understand the interests and concerns of the financial industry and develop solutions to tackle these.
Innovation SWIFT anticipated the digitised globalised world and preceded the Internet. SWIFT continues to innovate and evolve to improve its service and deliver new solutions, building on our traditional messaging service.
We thereby ensure that we stay one step ahead of the challenges and deliver the best possible service to our users.

19. SWIFTNet availability
Excellence
11,000+
200+
Institutions connected to SWIFT
Countries and territories
6.1+billion
+8.8%
FIN messages per year (2014)
FIN traffic increase
99.999%
99.999%
Operational excellence enabled SWIFT over the years to support more and more users who entrust SWIFT with ever-growing traffic.
Today, SWIFT’s messaging services support more than 11,000 financial institutions in over 200 countries and have systemic importance for the global economy; our users trust us to deliver.
from swift.com
SWIFTNet availability
FIN availability

20. How does SWIFT achieve excellence?
Effective governance ?
Confidentiality ?
Integrity controls ?
Availability and resilience ?
Change management processes ?
SWIFT’s operational excellence is underscored by its zero-risk approach to failure, and reflected in its approach to building highly available solutions.
By combining a resilient topology with robust software designs and a disciplined approach to the introduction of changes, SWIFT is able to deliver services which continue to run even in the event of unforeseen issues.
Hover over:
- Effective governance sets the direction at all layers of the company and ensures that security and risk management are prioritised across the whole organisation;
- Confidentiality of information is critical to the financial services industry, and SWIFT plays a key role in providing secure messaging services. Confidentiality controls protect customers’ message data from unauthorised disclosure.
- Extensive integrity controls are built into SWIFT applications to protect against unauthorised changes to messages, and to detect corruption of messages.
- The availability and resilience of the messaging service infrastructure is of prime importance to SWIFT users. Stringent availability controls and procedures are in place to ensure that service availability commitments are met or exceeded;
- Rigorous change management processes help ensure that, in a continually changing environment, SWIFT security principles are not undermined.
Animation: the text appears with the voice over
Approval: from swift.com as per Peter Betzel’s suggestion

21. Communities
SWIFT acts as the catalyst that brings the financial community together to shape market practice, define standards, and debate issues of mutual interest.
As a co-operative, user-centricity is one of SWIFT’s central principles
SWIFT supports correspondent banks and their customers; securities players; market infrastructures; central banks; and corporates around the world. SWIFT endeavours to help its Community face the challenges and realise the opportunities brought about by the rapidly changing financial, technological, and regulatory landscape.
Animation
Lines connect dots
source: swift.com

22. How does SWIFT align with all communities?
User
groups
Sibos
Regional
Conferences
and forums ? ? ?
Partners and providers
SWIFT Institute
In addition to its strong local presence and inclusive governance structure, SWIFT manages a number of channels spanning the global financial markets to facilitate the dialogue and integration with local communities.
Animation: The details of each area should appear when the user selects them; For Sibos and SWIFTInstitute, include the logos in the pop-up layer
approval: reviewed by Peter Betzel & Peter Ware
Explore details:
Sibos Sibos is an annual conference, exhibition, and networking event organised by SWIFT for the global financial industry.
In just one week, some 7,000 decision makers and topic experts from financial institutions, market infrastructures, corporates, and technology partners gather in one place to do business and collectively shape the future of payments, securities, cash management, and trade. UG
National Member Groups and National User Groups help ensure a coherent global focus by ensuring a timely and accurate two-way flow of information between SWIFT and its users.
Regional conferences and forums
SWIFT has established unrivalled forums in which the industry debates and discusses to review local realities or gather around focus topics of shared concern. The Operational forums, business forums and regional conferences mix a variety of panel and plenary sessions, as well as detailed work sessions where the local communities shape their future with SWIFT.
SWIFTInstitute
The SWIFT Institute bridges the gap between academia and the financial industry. The SWIFT Institute funds independent academic-led research into topics impacting the global financial industry. Through events including SWIFT business forums, regional conferences and Sibos, the Institute brings academics and industry practitioners together to debate and learn from each other.
Partners and Providers
SWIFT does not work in isolation. SWIFT engages in partnerships with various providers that offer services and applications for the financial community that complement SWIFT’s own portfolio. ? ?

23. Innovation
As a leading technology company operating in the financial sector, SWIFT has pioneered the application of secure technology.
SWIFT technologies have replaced previously manual processes and unlocked efficiencies in the financial system, dramatically reducing frictions, costs and operational risks.
SWIFT continues to advance by embracing the exciting potential of new technologies.
Approval: Peter Ware

24. How does SWIFT manages innovation?
Platform ?
Product ?
Innotribe ?
SWIFTLab ?
Approval: Peter Ware
Development: details appear with hover over
Platform Addressing its priorities around the SWIFT platform, SWIFT is continuously innovating to meet the technology challenge and handle more traffic, while preserving an unrivalled level of security and reliability
Product SWIFT innovates and evolves its product range with market needs. New offerings enable the Community to derive more value from SWIFT. Recent examples include new connectivity solutions, real-time payments capabilities for domestic market infrastructures, as well as new services related to financial crime compliance, reference data, standards and business intelligence.
Innotribe
Innotribe introduces the world’s brightest start-ups to the financial community, providing early insights on where the start-ups are innovating these days and how their ideas and products could improve current business models. Innotribe engages with limited groups of start-up companies through ‘Industry Challenges’, which are business domain-specific and focus on exploring and designing proofs of concept to complement SWIFT’s product development. To capture the voice of our community Innotribe has set up a global network of ‘Heads of Innovation’ in wholesale banking and securities that will provide input on the focus of the Industry Challenges.
SWIFTLab
The SWIFTLab serves as a focal point for customer demonstrations, collaborative proofs of concept, and product innovation. SWIFTLab product demonstration zones are available in several SWIFT offices, providing customers with the opportunity to use and give feedback on SWIFT products, thereby enabling continued improvement

25. What’s next for SWIFT?
What are SWIFT’s core values?

26. SWIFT 2020 strategic priorities
Messaging
Market
Infrastructures
Many-to-Many
CORE
MIs
Software
& Connectivity
Innovation
COMPLIANCE
Shared
Services
Over the past forty years, SWIFT has successfully created secure technology and standards for global financial messaging.
However, we live in an era of rapid change and enhancement, where innovative technologies and business models are challenging current ways of thinking. SWIFT has shaped a strategic direction to respond effectively to external challenges and drivers as well as to build on the success of previous strategies.
The principal areas of focus are on our core platform, on market infrastructures, and on financial crime compliance.
Animation: each area should be clickable Approval: content suggested by Rosemary & Tamara
Explore
Core: Deliver operational excellence, increase message volume growth, grow and strengthen our software and connectivity services. Compliance: Build the financial crime compliance portfolio to help the community through the challenging period that lies ahead
MIs: Expand and deepen offerings for Market Infrastructures
Innovation:
Five years from now, the technology and business models prevalent across the industry may change in character considerably. Market innovation will take SWIFT into new areas, such as building real-time payments. SWIFT will also ramp up innovation in its platform and core securities and payments business.

27. Test your knowledge

28. To which user category would the following institutions belong
To which user category would the following institutions belong? Drag the letters to the correct target.
‘Local Bank Inc’, Italy A
Supervised Financial Institutions
Non-Supervised Financial Institutions
‘The Shoe Co.”, Panama B
‘Local Proxy Agency’, China C
Mr John Smith, USA D
The Central Bank of country X E
Closed User Group and Corporate entities
Can’t connect to SWIFT F
‘Fund Manager Ltd’, India F F
‘Financial News and Data Provider’, UK G
Submit

29. Do you know the maximum downtime allowed yearly for a service that must be available % of the time?
One day
Ten hours
Three hours
One hour
Thirty minutes
Five minutes
One minute
correct answer is 5 minutes
exercise was approved by Mike Dodson
Submit

30. What drives innovation at SWIFT? Drag and drop the letters.M A P T O R R U P D C T O E N I N R I O T B S L B W F I A T
Animation:
Hot spot drag and drop triggers the right explanation or fill in text (Manu’s example)
Approval: Peter Ware
Submit

31. Congratulations! You have completed: About SWIFT.
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