The trusted source for your ISO 20022 initiative

for ISO 20022

Benelux Forum, La Hulpe

23rd April 2015

Jolanda Schekermans

2

Agenda

• ISO 20022 Global Movement

• Global standard, local usage

• Implementation Considerations

• Best practices Implementation Roadmap

• SWIFT for ISO 20022 – approach

ISO 20022 adoption

3

200 initiatives Under discussion > planned > rollout > live

90 countries

Europe Asia Pacific

Americas Middle East & Africa

ISO 20022 Payments

Securities

Trade Services 51% Foreign Exchange

42%

4% 2% 1%

Cards

Global Standards – Local Usage

4

ISO 20022

Regional Market Practice

Local Market Practice

Bank Specific

Segment /

Business Area

Global Open Standards

• Stability

• Legislation

• Cater for participants and interoperability in the

region

• Regulation

• Legacy Systems

• Migration

• Market Segment

• Legacy Systems

• Services

• Marketing

• Low Value or High Value Payments

• Corporate Banking

• Securities

• Etc….

• Level of STP

• Marketing

Your Implementation, Your Choice

5

Translation Like for Like Technical and

Business

Your implementation, your choice

6

Triggers

• External

– Regulatory enforcement

– Market Practice set-up or enhancement

• Internal

– Processing platform updates or replacements

– Greenfield set ups

– Harmonisation / Globalisation strategies (for instance centralisation of

Corporates Segment activities to HQ or move to a central processing system)

– Optimization internal standards management

– Increased pace of changes; xml based standards reduce effort

– Mergers & acquisitions

7

A bank’s ISO 20022 landscape..

8

Your participation to

Market

Infrastructures

2017 2016 2015 Step2

EURO1/

STEP1

Baltic CSDs

ACH CENIT (CO)

Securities

2018

& beyond

Your customers

(corporates and banks)

2016 2017 2015 2018

& beyond

Payments

We want to move but

our community is not

ready – at the latest

2020

Ready

Now

Ready in 2018 –

like for like

offering

No

plans

yet Undecided

Ready in 2025 – full

implementation moving

from partial to full copy

and additional services

Ready now – don’t

expect you to send ISO

20022; will provide

translation service till

2020

No

plans

yet

A bank’s landscape

10

Best Practices Implementation Roadmap

11

• Holistic view

• 2nd Level effects

• Evaluate and prioritize

• Full solution based approach

• Joined project business and IT

• Interdependencies

• The wheel already exists

• There is no one size fits all solution

• Ownership and central program management are key

SWIFT approach

12

Recommended Action, Improvements

and Implementation Roadmap

Analyse As Is

Operating Model Establish ISO 20022

Landscape

• External ISO 20022 Market

Initiatives landscape

• Inventory ISO 20022

internal landscape

• Assess ‘as is’ considering:

• products / functions

• (internal) customers

• network and interface gaps

• flows

• counterparties

• By means of:

• Workshop with key people

• Analysis of documents

• Interviewing key people

• Prepare findings, conclusions and

high level recommendations

• Present findings, conclusions and

high level recommendations

Benchmark against

discussed ‘Ideal

Solution’

• Identify gaps towards ‘ideal

solution’

• Identify second level effects

• Establish recommended base

solution architecture

• Evaluate and prioritize

• Set recommended

implementation roadmap

• By means of:

• Analysis outcome workshop

•Analysis of documents

• ISO 20022 initiatives

• Interviewing key people

initia

tion

Best & International Practices

Our Services

13

Bespoke consulting

Operational review

Bank Readiness

Messaging Landscape

Analysis

Impact assessment

Operational excellence

Standards Management