Transcript Slide 1
New Initiatives
The business advantage of transforming
data into actionable information
SWIFT Middle East Regional Conference
Abu Dhabi, United Arab Emirates
27-28 March, 2012
Business intelligence
Business
Intelligence
Leverage the insights of SWIFT
traffic data and differentiate your
transaction business
SWIFTRef
A single source for all your
global payments reference
data needs
SWIFTRef
Actionable
Information
Sanctions
Screening
Sanctions screening
Automate transaction
monitoring and filtering with
zero-software
MyStandards
Reduce the cost, time and
increase the quality of
standards management
MyStandards
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Business Intelligence
Introduction: SWIFT statistics are unique
GDP and SWIFT Payments show a similar trend
Year on Year quarterly growth rates
20%
6%
15%
4%
10%
2%
5%
0%
0%
-5%
-2%
SWIFT Payments
-10%
OECD GDP - Europe *
-4%
OECD GDP - All
-15%
*
Source:
OECD Europe Q4 2010 is provisional
SWIFT, OECD
Q4 2010
Q3 2010
Q2 2010
Q1 2010
Q4 2009
Q3 2009
Q2 2009
Q1 2009
Q4 2008
Q3 2008
Q2 2008
Q1 2008
Q4 2007
Q3 2007
Q2 2007
Q1 2007
Q4 2006
Q3 2006
Q2 2006
Q1 2006
Q4 2005
Q3 2005
Q2 2005
Q1 2005
Q4 2004
Q3 2004
Q2 2004
Q1 2004
Q4 2003
Q3 2003
Q2 2003
-6%
Q1 2003
-20%
4
Global view of the SWIFT Index
Nowcasting
% growth,
quarter on quarter
Actual GDP growth
Global GDP Actual Growth
Actual
Actual & Calculated
Actual & calculated
based on the
SWIFT Index
Forecasting
Global GDP Growth based on SWIFT Index
Nowcasted
Forecasted
Source: SWIFT, OECD 5
Business Intelligence Challenges
Assess & Monitor
your performance
Position yourself
in the market
Base your decision
making on
facts and figures
6
Middle East vs. the World- Index evolution
Customer Payments Index based on the volume (Jan 2011 as base)
125
# of Messages sent by the Middle East
# of Messages received by the Middle East
120
Total SWIFT
115
110
105
100
95
90
85
80
201101
201102
201103
201104
201105
201106
201107
201108
201109
201110
201111
201112
201201
7
Middle East vs. the World – Country view
Distribution of the transactions & value of Customer Payments received by the Middle East
countries
Distribution of the value received by the Middle East 750,000
Distribution of the transactions received by the Middle East
30%
625,000
27%
500,000
375,000
15%
250,000
9%
8%
125,000
3%
3%
2%
2%
0
United Arab
Emirates
Egypt
Kuwait
Lebanon
Jordan
Saudi Arabia
Bahrain
Qatar
Others
8
Middle East vs the World– TOP 10 currencies in absolute growth
(Q4 2011 vs Q4 2010)
Customer Payments Worldwide
Number of messages
70,000,000
2011 Q 4
60,000,000
85%
Growth
62%
50,000,000
47%
40,000,000
38%
30,000,000
19%
20,000,000
10,000,000
9%
5%
8%
2%
12%
0
USD - US
Dollar
RUB - Russian GBP - British
Rouble
Pound
EUR - Euro
AUD Australian
Doll
NZD - New INR - Indian
Zealand Dol
Rupee
AED - Utd.
Arab Emir.
CHF - Swiss
JPY Franc
Japanese Yen
Number of Customer Payments received by the Middle East per currency & percentage growth
1,800,000
Q4 2011
114%
Growth
Number of messages
1,600,000
1,400,000
1,200,000
1,000,000
800,000
600,000
400,000
18.59%
13%
4.64%
200,000
10%
5%
13%
10%
5%
5%
0
AED
USD
KWD
JOD
EGP
BHD
LBP
SAR
AFN
QAR
9
Business Intelligence Solutions
BI WATCH / INSIGHT/ Consulting
BI
Services
WATCH
Analyzers
WATCH
Insight
10
Sanctions Screening
Context around Sanctions screening
Regulatory scrutiny and
enforcement of sanctions policies
is increasing
Available screening solutions
complex and costly to maintain
SWIFT is
launching a
centralised
screening
service
Challenges for low-volume
financial institutions
12
Scope of the SWIFT service
On-boarding process
Customer
identification
& verification
Initial due
diligence
Customer
screening
Ongoing reviews
start
transacting
Ongoing due
diligence
Customer &
transaction
monitoring
Transaction
screening
Sanctions Screening over SWIFT is a transaction screening service:
• FIN MT messages (CAT 1, 2, 4 and 7 at launch)
• Real time
13
An innovative central screening platform
Your institution
notification
Your correspondents
• Best-in-class screening engine
• Centrally hosted and operated by SWIFT
• Sanctions List update service
• No local software installation & integration
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
MyStandards
Standards are a necessity, but managing them
can become a challenge…
Standards
Prone to errors
Costly
Resource-intensive
Time consuming
Automation of
business processes
17
MyStandards is a collaborative web platform to
better manage standards definitions and usage
MyStandards
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Centralize all of your standards-related
information on-line
Content
Base Standards:
MT/MX/ISO 20022
Global market practices
Market
practice
groups
Financial
institutions
Local market practices
Bilateral guidelines
Internal specifications
19
Value for all actors from designers to consumers
Collaborative
Features
Base Standards:
MT/MX/ISO 20022
Publish & Collaborate
Market
practice
groups
Financial
institutions
Implement
Analyse
Capture
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Centralise all
your standards
information
Automate
user-friendly
documentation
Improve
release
management
MyStandards
Enable
efficient
collaboration
Speed up
accurate
implementation
Streamline
usage guidelines
management
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The new name in reference data
swiftref
SWIFTRef Utility - benefits
Today
You maintain the data
BA
SSI
SWIFT
EPC
EBA
sort c.
SSI
SSI
Tomorrow
SWIFTRef Utility
Today you need to
worry about maintaining
payments reference
data from different
sources.
BA
EPC
SSI
ISO
SSI
SWIFT
EBA
sort c.
ISO
Beneficary’s BIC
Beneficiary’s acc.nb
Intermediary BIC
Intermed. acc. nb
Intermed. bank code
Payment system X
FIN service Y .......
Tomorrow, with
SWIFTRef utility, you
can get all this data
through a channel of
your choice, updated
daily, fully automatically.
Beneficary’s BIC
Beneficiary’s acc.nb
Intermediary BIC
Intermed. acc. nb
Intermed. bank code
Payment system X
FIN service Y .......
SSI
The Fundamental Elements
Utility
Everyone has access
Global
Geography & Payments Networks – not just SWIFT
Comprehensive All data sets required for effecting payments
Transparency
Source of data is clear and benchmarked
Flexible
Output content & format – and pricing
Partners
Working with them –other data providers
Service
Data plus Information plus helpdesk facilities
SWIFTRef background – the utility
The challenge is maintaining reference data from different sources
T2
Licenced
Banks
BX
ISO
EPC
SSI
MT670
EBA
MT094s
Nat IDs
SWIFT
GPRU
Beneficary’s BIC
Beneficiary’s acc.nb
Intermediary BIC
Intermed. acc. nb
Intermed. bank code
Payment system X
FIN service Y
.......
.......
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 eco-system
collecting data from communities
data from individual FIs
Comsys
SWIFTRef data
collection
team
SWIFTRef
GPRU
providing services to communities
consolidated data services
Improving ‘legacy systems’
Complete
Global
Benchmarked
Coverage is clear
Relational
Everything cross-linked
Helpdesk & information services
Data plus service
Special services for market segments
Regional services can be provided
Upgrade Programme time table
Upgrade activity
2012
Q1
Q2
2013
Q3
Q4
Q1
Q2
2014
Q3
Q4
Q1
Q2
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)
Transaction filtering
with zero-software
Differentiate your
transaction business
A single source of
payments data
Easy Standards
management