Transcript Presentation title - SWIFT – The global provider of

SWIFT consultants help you to
make your business process more
efficient
Sibos 2010 Amsterdam
Yves Smeyers, SWIFT
Ulrich Stritzike, Credit Suisse
Liliane Dutra, ANBIMA
25 October 2010
Consulting Services
• Instrumental for the 2015 strategy
and execution, enabling:
– Interoperability
– TCO reduction
Agenda & Speakers
• Introducing Consulting Services
Yves Smeyers, Lead Consultant, Consulting Services, SWIFT
• Testimonial from Credit Suisse
Ulrich Stritzke, Head Securities & Asset Servicing
• Testimonial from ANBIMA - Associação Brasileira das
Entidades dos Mercados Financeiro e de Capitais
Liliane Dutra, Senior Business Analyst
Agenda & Speakers
• Introducing Consulting Services
Yves Smeyers, Lead Consultant, Consulting Services, SWIFT
• Testimonial from Credit Suisse AG
Ulrich Stritzke, Head Securities & Asset Servicing
• Testimonial from ANBIMA - Associação Brasileira das
Entidades dos Mercados Financeiro e de Capitais
Liliane Dutra, Senior Business Analyst
SWIFT Services
New Initiatives
Business
Opportunities
Reputation
Risks
Total Cost of Ownership
Operational
Efficiency
STP
Operational
Risks
Internal
Inefficiencies
Project Lifecycle
SWIFT Services can assist you at every step
Assess
Analyse
Design
Implement
Go live
Business & Technical Consulting
Project Management
Implementation
Training
Support
Maintain
Project Lifecycle
SWIFT Services can assist you at every step
Assess
Analyse
Design
Implement
Go live
Business & Technical Consulting
Project Management
Consulting Services
Implementation
Training
Support
Maintain
Business Consulting
Improve your business processes
Assess
Analyse Securities
Design
Payments
Optimising your
Reviewing your
Business
&Consulting
Technical
Consulting
Funds
Distribution
Payments STP
Operations
Best Practice
Implement
Maintain
Treasury Go live
&
Benchmarking
Reviewing your
Treasury Operations
Traffic & Data
Benchmarking
Reviewing
Correspondent
Banking Operations
Reviewing your
Corporate Actions
Optimising Accord for
Treasury
Messaging
Landscape Analysis
E&I Value Review
Assessing the impact
of Target-2-Securities
Accord Health Check
Leveraging SWIFT
Governance
…
…
…
…
Technical Consulting
Reduce your total cost of ownership
• Auditing your SWIFT infrastructure
Assess
Analyse
Design
Implement
Go live
Maintain
• Prepare for
Alliance Access
7.0
• Alliance Access Options Value Review
Interface &
Connectivity • Analysing your messaging/infrastructure capacity
• Reviewing
your messaging architecture
Business & Technical
Consulting
• …
BCP &
Security
Architecture
& Cost
• Reviewing your business continuity and disaster
recovery processes
• Implementing Security Best Practices
• Analysing and benchmarking your total cost of ownership
• Consolidating your SWIFT infrastructure
Packaged Consulting Services
“Grey-hair projects”
• Frequently performed studies
– Built on internal intellectual capital
– Predictable planning
• For each step of a project phase
• In each area of interest
– Business and/or Technical
– Implementation, Project Management
• Proven value
• Appreciated by customers
• Opportunity to benchmark within
each package
Flexibility of package is discussed during scoping meeting
Tailor-made Consulting Services
Fixed price projects or Time & Material
Strategic
Workshop
•
•
•
•
Targets, plans & strategy
Issues & challenges
Opportunities / Market trends
Influencing factors
• Topic selection
• Scope definition
• Key stakeholders
Service
Proposal
•
•
•
•
Focus / priorities
Charges & resources
Planning & Governance
Deliverables vs expectations
• Project timing
• Project content
• Costs
Initial scoping meeting is critical
Case Study - Credit Suisse
Presentation title – dd month yyyy – Confidentiality: xxx
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Agenda & Speakers
• Introducing Consulting Services
Yves Smeyers, Lead Consultant, Consulting Services, SWIFT
• Testimonial from Credit Suisse
Ulrich Stritzke, Head Securities & Asset Servicing
• Testimonial from ANBIMA - Associação Brasileira das
Entidades dos Mercados Financeiro e de Capitais
Liliane Dutra, Senior Business Analyst
Initial Position / Operational Challenges
• Risk of significant claims
• Manual processing dependency
• Business case for improvement
such as
– Increase operational efficiency:
Continue to improve efficiencies through
automation and reduce operating costs
– Reduce manual intervention and align
with Industry Market Practices: Ensure
high quality messaging (in and out) to
enable the highest STP rates
– Ensure excellent quality of client
service: Evaluate how to achieve a “Single
window” approach
Why SWIFT?
• Consider an outside view on
Corporate Action and Income
Redemption processing opportunities
• Benefit from SWIFT's knowledge on
market practice
Mission of SWIFT
• Assess Corporate Action and Income
Redemption processing and tools by
conducting structured interviews with
the various teams/functions
• SWOT analysis
• Evaluate SWIFT message standards
compliance
• Carry out a benchmark analysis
• Draw up a set of risk-benefit weighted
recommendations
Most Valuable Recommendations of SWIFT
• Increase data feed automation
(e.g. data scrubbing, structured
messages)
• Automate incoming and outgoing
messages (e.g. different standards
per agent)
• Improve internal systems integration
• Establish strong Network Control
(e.g. detailed SLAs, reviews)
• Build on improving and implementing
Market Practices (e.g. SMPG)
Impression of SWIFT Consulting Team
• The SWIFT Consulting team
headed by An Vanschoenwinkel did
a great job
• Collaboration was equally effective,
efficient and pleasant
• Agreed deliverables were completed
even slightly before time and within
budget
Implementation and Benefits
• We did take the findings seriously into
account
• Quick wins have been addressed by
the regular SWIFT Standard release
(e.g. SWIFT message compliance,
NAKs)
• Process automation projects have
been budgeted and are planned to be
kicked off next year
Case Study - ANBIMA
Presentation title – dd month yyyy – Confidentiality: xxx
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Agenda & Speakers
• Introducing Consulting Services
Yves Smeyers, Lead Consultant, Consulting Services, SWIFT
• Testimonial from Credit Suisse AG
Ulrich Stritzke, Head Securities & Asset Servicing
• Testimonial from ANBIMA - Associação Brasileira das
Entidades dos Mercados Financeiro e de Capitais
Liliane Dutra, Senior Business Analyst
ANBIMA
Brazilian Financial and Capital Markets Association
• Created in October 2009 as a result from a business
combination between ANBID National Association of
Investment Banks and ANDIMA - National
Association of Financial Market Institutions
• Represents 327 members, including commercial
banks, multiple and investment banks, asset
managements, brokers, securities dealers and
investment advisers
Voluntary with enforcement activities
• Not intended for self-regulation markets but rather to
activities performed by associated entities /
adherents
• Codes developed to support and encourage market
best practices applicable to the self-regulated
activities (Conduct Code)
• Objective: to develop the Brazilian market through
continuous progress of providing services subject to
self-regulation
With growth of demand and relevance in 2009
Self-Regulation area was divided into
Regulation and
Best Practices
Responsible for creating new rules and the development
of codes
Market
Supervision
Technical
area
responsible
for
checking
the
accomplishment of the rules in the codes preparing a
specific report
Organisms
Commissions and Councils approve the reports done by
technical area and open sanctioning processes in order to
verify n-compliance to the rules established in the codes
Galgo System
Galgo System has as purpose to integrate the
Institutions that render services for Investment Funds
and Portfolios in the activities of administration,
controlling, custody, distribution, or securities trading
(stocks, derivatives, fixed income, etc.), standardising
the information transfers between these agents, through
a secure, controlled and highly available technological
environment.
Decision on messaging approach:
Leverage SWIFT standard ISO 20022 messaging
Galgo System
BENEFITS:
Standardised and controlled processes
Reduction in cost and operational risks
Lower image risk
Scalability
 services
 volume of information processed
More integration between players in the
market leveraging ISO 20022 standards
Galgo – Module II
Post Trade Services
Allocation
Executed
Trades
Brokerage
Notes
Amounts to be
Settled
Securities
Lending
Margin: Call and
Definition
Corporate
Actions
Custody
Statements
Registration
with Brokers
SWIFT Consulting Services
Business case for leveraging SWIFT
Consulting Services
• Specific SWIFT expertise and ISO 20022 experience required
• Their commitment to understanding local market needs
• Ability to provide comprehensive suggestions based on best
practices
• Focus resources
• Confidence in SWIFT’s ability to meet deadlines
SWIFT Consulting Service Scope
• Detailed mapping of nine Galgo System flows to ISO 20022
based on Gap analysis results
• Gap Analysis between Brazilian market needs and ISO 20022
messages
• To help insert Brazilian capital markets needs into ISO 20022
messages
• To advise in preparation Business Justifications, change
requests and other ISO 20022 procedures
• Prepare findings, conclusions and high level recommendations
regarding standards and best practices
Leveraging Expertise – a team effort
• Relationship Management
– SWIFT Brazil, South LatAm Director
• Project Management & Oversight
– SWIFT Consulting Services Americas
• Analytics & Recommendations
– SWIFT Business Consultants from the Americas
– SWIFT Standards Consultants from EMEA
– Markets Experts from Headquarters
• High Level Gap Analysis
– SWIFT Business Consultants from the Americas
– SWIFT Standards Consultants from EMEA
• Detailed mapping of nine Galgo System flows
– Specialised SWIFT Standards Consultants
Our Experience with SWIFT
• Involvement and partnership with the Brazilian community
• Professionalism
• Responsiveness
• Experienced professionals
Conclusion
Why Partnering with SWIFT Consulting - Benefits
Leverage the knowledge and experience of SWIFT
from those who live it on a daily basis
TAP into SWIFT’s business, technical & product
expertise to execute your strategy
• Hands-on knowledge of designing, implementing and running vs
a theoretical approach
• Increase operational efficiency and STP
• Improve scalability and resilience
• Cost-benefit analysis – rapid ROI
• Reduce your total cost of ownership (TCO)
• Alignment with best practices
• Identify opportunities for growth
• Improve client service
• Reduce risk
Questions on Consulting Services
Who to contact at Sibos?
• SWIFT Regional Contacts
• Sibos SWIFT Consulting Team
• Visit us at the SWIFT stand
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Questions
Visit us at the SWIFT stand
Christian Sarafidis
Kurt Ryelandt
Global Head of Consulting Services
Head of Consulting Services
EMEA
SWIFT
SWIFT
Av Adèle 1
B-1310 La Hulpe
Belgium
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+32 2 655 3908
+32 2 655 3752
+32 475 287 609
[email protected]
www.swift.com
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Yves Smeyers
Marco Attilio
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Av Adèle 1
B-1310 La Hulpe
Belgium
+32 2 655 3123
+32 2 655 3752
+32 476 292 319
[email protected]
www.swift.com
Lead Consultant
Consulting Services, EMEA
Lead Consultant
Consulting Services, EMEA
SWIFT
SWIFT
Av Adèle 1
B-1310 La Hulpe
Belgium
+32 2 655 3617
+32 2 655 3752
+32 496 50 59 20
[email protected]
www.swift.com
Av Adèle 1
B-1310 La Hulpe
Belgium
+32 2 655 4241
+32 2 655 3752
+32 476 896 084
[email protected]
www.swift.com
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Questions
Visit us at the SWIFT stand
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Edward Adams
Pat Antonacci
Director Sales Services
Americas
SWIFT Americas
Senior Business Consultant
Consulting Services, Americas
SWIFT Americas
7 Times Square, 45th floor
New York, NY 10036
United States
7 Times Square, 45th floor
New York, NY 10036
United States
+1-212-455-1847
+1-212-455-1817
+1-917-607-1649
[email protected]
www.swift.com
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Pierre Blum
Barry Silberstein
Lead Consultant
Americas
SWIFT Americas
Senior Consultant
Consulting Services, Americas
SWIFT Americas
7 Times Square, 45th floor
New York, NY 10036
United States
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+1-212-455-1971
+1-212-455-1817
+1-646-509-0969
[email protected]
www.swift.com
+1-212-455-1947
+1-212-455-1817
+1-347-277-4957
[email protected]
www.swift.com
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7 Times Square, 45th floor
New York, NY 10036
United States
+1-212-455-1972
+1-212-455-1817
+1-646-593-1269
[email protected]
www.swift.com
Questions
Visit us at the SWIFT stand
Patrick Yeh
Head of Consulting and Training
Asia Pacific
SWIFT Hong Kong
31/F, One IFC, 1 Harbour View Street
Central, Hong Kong
People’s Republic of China
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+852-2107-8707
+852-2107-8733
+852-9195-3649
[email protected]
www.swift.com
Questions & answers
?
Thank you