My standards a platform to drive harmonisation, first class support for onboarding and iso 20022...
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MyStandards 12 May 2016 Marc Delbaere, Head of MyStandards, SWIFT Jeff Eck, MyStandards Business Manager, SWIFT Standards Forum – New York
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Transcript of My standards a platform to drive harmonisation, first class support for onboarding and iso 20022...
MyStandards
12 May 2016
Marc Delbaere, Head of MyStandards, SWIFT
Jeff Eck, MyStandards Business Manager, SWIFT
Standards Forum – New York
Fragmentation and
change of industry
messaging specifications
Cost of onboarding new
customers and migrating
communities
Change over time
(Standards Release,
industry initiatives…) costly
to manage Change over time
Different
standards
used in different
ways
Global Standards: MT/MX/ISO 20022
Market practices
Implementation guidelines
A lot of options
The source of complexity
2
An industry solution to an industry problem
A collaborative web platform
… to better
manage standards and onboard customers
MyStandards Readiness
Portal
3
4
Not just a repository of specifications
Multi-format Documentation
Self-service Internet Testing
Shared View of Readiness
Powerful Comparisons
A Consistent Industry Approach
Getting standards-related issues out of the way
Publish
specifications
PUBLISHER
Test against
specifications
CONSUMER
5
Main areas of success
Use Cases
Corporates
onboarding ISO 20022
migration Global custody
Standards Release
Regulatory
reporting Application testing
Market practice adherence
7
MyStandards in numbers
18.000+ Registered users
12.000+ Usage guidelines
90 Publishing organisations
Industry
Adoption
8
User Group and community feed-back
User Group
Regional
events Singapore
New York
Brussels
Customer
consultations
Community
training
Reviews Prioritization
Premium
training
sessions
Webinars
9
ISO 20022 Harmonisation – on MyStandards
9
MyStandards State of the Union
The central platform
for ISO 20022
harmonization
Release
management
Increase
transparency
10
Change Request Forum – on MyStandards
Share information
early
Solicit wider
community feedback
Increase
transparency
MyStandards Readiness Portal – benefits illustrated
Typical Implementation timeline – “before” and “after”
Source: Citibank at MyStandards User Group – Nov 2015 11
www.swift.com
MyStandards State of the Union 12
