SWIFT Y2020 Strategies - Expect expected

Y2020 SWIFT 

• A GLOBAL CLOUD PAYMENT HUB
• a global reporting hub
• a central provider of services
• global reporting and consultation hub

Y2014 - SWIFT

• over 10 thous. banks are users
• access to 60 HVS - high volume systems
• access to 20 different ACH payment systems
• real times sanctions screening to 30 public sanctions registers

SWIFT - an ISO Registry for BIC and IBAN

• a payment, treasury and cash management platform
• system integrator for banking and corporate
• support for XML, CVS, Cobol Copybook, CGI, IDOC,
• CT and DDs transfers  for banks and firms using own data structures
• adding value to SEPA CTs and  DDs solutions
• SWIFT Global Holiday real time Calendar
• SEPA Data accelerator

 SEPA data integration -  ISO 20022 - so easy ?

• Swift FIN MT 1xx, 2xx, 9xx series versus  EDIFACT preferred connectivity
• routes via SwiftNet, support for XML,CSV, Fixed Widthand COBOL
• dramatically speed up compliancy rates for all
• corporates and banks using SAGE, Microsoft,  SAP or Oracle apps.
• Y2016  EBA Clearing -SWIFT -ISO 20222 standards - expected 30mil/day  DD and CT transfers
• fund industry removing to ISO 20222 funds - so easy?
• SWIFT - end to end collateral processing chain for clearing houses
• SWIFT messages MX standards
• SWIFT FileAct Data Flows Messages for FX and Metals derivatives report

 Y2020 - SWIFT -  e-Payement Services Directive -  Innovator

• Java virtualisation
• currency Exchange
• screen simulation of IT systems
• e-booking regulations
• e- invoicing
• e-identity
• e-mandates
• analytic SW
• psychometric system
• protections against cyberattacks
• infrastructure virtualisation
• private clouds
• mobile and social technology generating in qualified time
• sensitive sales loads tracking
• Big Data moving to Smart data

Y2020 SWIFT as  a Global RTGS Hub

• Y2018 JASDEC Japanese Securities Depository will be connected to  SWIFT Net ISO 20222  messaging standards 
• SWIFT RTGS payments - CIPS Renminbi Internat. Clearing n
• India - Central Bank JV Go Local and  SWIFT RTGS payments
• Bank of England - SWIFT -MIRS -a 21st c. RTGS project

Y2020 SWIFT -T2S - EU OTC derivatives - EU data watch dog

• Y2015 - Y2017 launch of  pan-European settlement engine T2S
• SWIFT -ISO messages for T2S securities settlement and management
• SWIFT Value Added Network Solution connectivity services to T2S
• Y2014 EMIR - SWIFT and  EU OTC derivatives reporting 
• European citizen bank data and SWIFT
• SWIFT - EU banks -  EU Data Protection Agencies

Y2020 SWIFT  anti-money laundering watch

• real time screening and filtering 
• support to 3SKey multi-application identity available in 90 countries
• money transfers and  treasury Authentication
• accuracy of date provided responsibility to own information
• sanctioning screening services for SME
• SWIFT -KYC Register -Know Your Customer
• verifying the completeness validity

All the best,

by Milo Hoschek

Picture from  Kazimir MALEVICH - Gathering Rye Y1912