Welcome to SOFA 2013
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Transcript of Welcome to SOFA 2013
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Focus on Fundamentals
Chris Church CEO SWIFT Americas
1 SWIFT Operations Forum Americas - March 5, 2013
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What’s New in 2013?
SWIFT Operations Forum Americas - March 5, 2013 2
New Format: 1 Day+
Conference Center Venue
Lower price
Standards Forum
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Standards Forum hosted by the Federal Reserve Bank
You must be registered
Please allow extra time to check in
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Today’s Agenda
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Update
Worksessions
Networking Cocktail
James Malick, Boston Consulting Group (Moderator)
Thomas Halpin, HSBC
Michael Kolman, General Motors
Ebru Pakcan, Citi Transaction Services
Technology Plenary
Javier Perez Tasso, SWIFT (Moderator)
David Saul, State Street
Lee Fulmer, J.P.Morgan
Ulrich Homann, Microsoft
Payments Plenary
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Special thanks to our Sponsor
5 SWIFT Operations Forum Americas - March 5, 2013
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SWIFT Update
SWIFT Operations Forum Americas - March 5, 2013
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Messaging/Standards • Payments / Securities • Market Infrastructures • Corporate Treasury
Applications: • Sanctions • Business Intelligence • SWIFTRef • Matching
Connectivity • Alliance Lite2 • Alliance Access • AMH
Platform • FIN renewal • HSM Refresh • Distributed
Architecture
SWIFT Update
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Platform Projects
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FIN Renewal
HSM Refresh
Distributed Architecture
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SWIFT Connectivity Offering
9
Small Medium Large
Size / Msg. volumes
Func
tiona
l req
uire
men
ts
Alliance Messaging Hub (AMH)
Alliance Access
Alliance Lite2
Bas
ic
Med
ium
A
dvan
ced
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Alliance Lite2
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Integrated Service offering
Full-featured, secure & reliable
Usage-based pricing
Light footprint
“The easiest way to connect to SWIFT”
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Messaging for Market Infrastructures: Connectivity, standardization and interoperability for the community
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SWIFT Applications: Helping you achieve your business objectives
Sanctions
LEI/CICI MyStandards Business
Intelligence
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Excellence through hard work, focus & collaboration
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Excellence through hard work, focus & collaboration
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SWIFT: a view from the Chairman
Yawar Shah Chairman, SWIFT
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Cyber-crime
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SWIFT strategy evolving to help industry with challenges and opportunities
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Regulation Cyber- crime
Asian Growth
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From Telex to the Society for Worldwide Inter-bank Financial Telecommunication (S.W.I.F.T)
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1973 239 member banks found
SWIFT
1977 SWIFT goes live 1978
SWIFT message total surpasses
10 million
1983 SWIFT gets its 1,000th member SWIFT Operations Forum Americas - March 5, 2013
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1989
2001 SWIFTNet goes live
2006
2010 Largest Sibos ever
(Amsterdam)
1994 Alliance Access
launched
SWIFT II
Corporate membership
approved
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SWIFT remains in excellent shape in 2013
• Financials
• Management
• Technology
• Operations
• Governance
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SWIFT traffic growth: Off to a strong start in 2013
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% growth
10.1
-2.4
7.2
9.9
3.6
9.6
-4
-2
0
2
4
6
8
10
12
2008 2009 2010 2011 2012 2013 YTD
6.2%
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Traffic growth results in continued cost reduction
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FIN Price before rebate (EURcent / msg)
FIN Traffic (Millions of msgs)
0
500
1,000
1,500
2,000
2,500
3,000
3,500
4,000
4,500
5,000
0
5
10
15
20
25
30
35
40
45
50
Price reduction: -88% Volume increase: 12.5x
1991-2013
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Operational Excellence is at the heart of SWIFT’s mission
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Performance
Security
Resilience
Reliability Availability
Service
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Create relevant offerings in existing & new areas
Focus on availability & threat of cyber-crime
Partner with other Market Infrastructures
But SWIFT must remain ever-vigilant:
Earn the right to be your service provider
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1
2
3
4
C
O
R
E
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Governance and oversight
• SWIFT is a global cooperative owned and operated by financial institutions
• Board of Directors
• Governance ensures SWIFT is: – Well run & transparent – Rigorous – Meets needs of community & regulators
• Oversight: G10 regulators
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In 2012
• Gottfried Leibbrandt appointed CEO in July • 7 new Board directors appointed:
– Yves Baguet, Clearstream, Luxembourg – Mark Buitenhek, ING, Netherlands – David Cyr, RBC, Canada – Marcel Jongmans, ABN Amro, Netherlands – Ulrich Stritzke, Credit Suisse, Switzerland – Yongli Wang, Bank of China – Bhavesh Zaveri, HDFC Bank, India
•
•
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Thank you
SWIFT Operations Forum Americas - March 5, 2013