The business advantage of transforming data into actionable information
New Initiatives
27-28 March, 2012
SWIFT Middle East Regional Conference
Abu Dhabi, United Arab Emirates
2
Actionable
Information
Business Intelligence
Sanctions Screening
MyStandards
SWIFTRef
Sanctions screeningAutomate transaction monitoring and filtering with zero-software
Business intelligenceLeverage the insights of SWIFT traffic data and differentiate your transaction business
MyStandardsReduce the cost, time and
increase the quality of standards management
SWIFTRefA single source for all your global payments reference
data needs
Year on Year quarterly growth rates
Introduction: SWIFT statistics are uniqueGDP and SWIFT Payments show a similar trend
* OECD Europe Q4 2010 is provisionalSource: SWIFT, OECD
4
Q1
2003
Q2
2003
Q3
2003
Q4
2003
Q1
2004
Q2
2004
Q3
2004
Q4
2004
Q1
2005
Q2
2005
Q3
2005
Q4
2005
Q1
2006
Q2
2006
Q3
2006
Q4
2006
Q1
2007
Q2
2007
Q3
2007
Q4
2007
Q1
2008
Q2
2008
Q3
2008
Q4
2008
Q1
2009
Q2
2009
Q3
2009
Q4
2009
Q1
2010
Q2
2010
Q3
2010
Q4
2010
-20%
-15%
-10%
-5%
0%
5%
10%
15%
20%
-6%
-4%
-2%
0%
2%
4%
6%
SWIFT Payments
OECD GDP - Europe *
OECD GDP - All
Global view of the SWIFT Index
Source: SWIFT, OECDActual Actual & Calculated Nowcasted Forecasted
% growth,
quarter on quarter
Global GDP Actual Growth Global GDP Growth based on SWIFT Index
Actual GDP growth
Actual & calculated based on theSWIFT Index
Nowcasting
Forecasting
5
6
Business Intelligence Challenges
Assess & Monitor your performance
Position yourself in the market
Base your decision making on facts and figures
Middle East vs. the World- Index evolution
7
Customer Payments Index based on the volume (Jan 2011 as base)
201101 201102 201103 201104 201105 201106 201107 201108 201109 201110 201111 201112 20120180
85
90
95
100
105
110
115
120
125# of Messages sent by the Middle East
# of Messages received by the Middle East
Total SWIFT
Middle East vs. the World – Country view
8
Distribution of the transactions & value of Customer Payments received by the Middle East countries
United Arab Emirates
Egypt Kuwait Lebanon Jordan Saudi Arabia Bahrain Qatar Others
0
125,000
250,000
375,000
500,000
625,000
750,000
30%
27%
15%
2%3%
8%
3%
9%
2%
Distribution of the transactions received by the Middle East Distribution of the value received by the Middle East
AED USD KWD JOD EGP BHD LBP SAR AFN QAR0
200,000
400,000
600,000
800,000
1,000,000
1,200,000
1,400,000
1,600,000
1,800,000
18.59%
4.64%13.15% 10.11%
4.85%12.97% 10.35%
4.80%
114.24%
4.64%
Q4 2011 Growth
Num
ber o
f mes
sage
s Middle East vs the World– TOP 10 currencies in absolute growth (Q4 2011 vs Q4 2010)
9
Customer Payments Worldwide
Number of Customer Payments received by the Middle East per currency & percentage growth
USD - US Dollar
RUB - Rus-sian Rouble
GBP - British Pound
EUR - Euro AUD - Aus-tralian Doll
NZD - New Zealand Dol
INR - Indian Rupee
AED - Utd. Arab Emir.
CHF - Swiss Franc
JPY - Ja-panese
Yen
0
10,000,000
20,000,000
30,000,000
40,000,000
50,000,000
60,000,000
70,000,000
5%
62%
9%2%
38%
85%
47%
19%
8%12%
2011 Q 4 Growth
Num
ber
of m
essa
ges
10
BI WATCH / INSIGHT/ Consulting
Business Intelligence Solutions
BIServices
WATCH Insight
WATCHAnalyzers
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
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
Customer identification & verification
Initial due diligence
Customer screening
Ongoing due diligence
Customer & transaction monitoring
Transaction screening
start transacting
On-boarding process Ongoing reviews
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
15
Sanctions screening
Advanced screening engine
with list management
Reduce yourtotal cost of
compliance with a central utility
easy to implement
no softwareno installation
no maintenance
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…
MyStandards
MyStandards is a collaborative web platform to better manage standards definitions and usage
18
Base Standards:MT/MX/ISO 20022
Global market practices
Local market practices
Bilateral guidelines
Internal specifications
Market practice groups
Financial institutions
Content
Centralize all of your standards-related
information on-line
19
Base Standards:MT/MX/ISO 20022
Publish & Collaborate
Implement
Analyse
Capture
Market practice groups
Financial institutions
Features
Value for all actors from designers to consumers
Collaborative
20
Improve release
management
Centralise all your standards
information
Streamline usage guidelines
management
Enable efficient
collaboration
Automate user-friendly
documentation
Speed up accurate
implementation21
MyStandards
SWIFTRef Utility - benefits
Beneficary’s BICBeneficiary’s acc.nbIntermediary BICIntermed. acc. nbIntermed. bank codePayment system XFIN service Y .......
ISOSSI
SSI
sort c.
SWIFT
BA
EPC EBA
SSI
Beneficary’s BICBeneficiary’s acc.nbIntermediary BICIntermed. acc. nbIntermed. bank codePayment system XFIN service Y .......
ISO
SSIsort c.
EBA
SSI
SSISWIFT
EPC
BA
TodayYou maintain the data
TomorrowSWIFTRef 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.
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
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 BICBeneficiary’s acc.nbIntermediary BICIntermed. acc. nbIntermed. bank codePayment system XFIN service Y..............
ISO
SSI
Nat IDsEBAMT670
SWIFT
EPC
BX
T2Licenced
Banks
GPRU
MT094s
SWIFTRef background – the eco-system
SWIFTRefGPRU
SWIFTRef datacollection
team
data from individual FIscollecting data from communities
Comsys
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 2013 2014
Q1 Q2 Q3 Q4 Q1 Q2 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)