swift welcome address (alain raes)
Post on 20-Mar-2017
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Key Highlights of Singapore
91+ million FIN messages per year (2016)
363+ thousand FIN messages per day (2016)
+8.3% Increase in FIN messages per day (2016)
238+ thousand FileAct Kchar per year (2016)
1+ thousand FileAct Kchar per day (YTD January 2017)
+60.9% Increase in FileAct Kchar per day (YTD January 2017)
2+ million InterAct messages per year (2016)
14+ thousand InterAct messages per day (YTD January 2017)
+150.5% Increase in InterAct messages per day (YTD January 2017)
ASEAN region Key Highlights
200+ million FIN messages per year (2016)
831+ thousand FIN messages per day (YTD January 2017)
+17.1% Increase in FIN messages per day (YTD January 2017)
ASEAN Traffic Insights - Year to date January 2017 6
49+ million FileAct Kchar per year (2016)
347+ thousand FileAct Kchar per day (YTD January 2017)
>999% Increase in FileAct Kchar per day (YTD January 2017)
3+ million InterAct messages per year (2016)
16+ thousand InterAct messages per day (YTD January 2017)
+159.7% Increase in InterAct messages per day (YTD January 2017)
Internal Disparities External Dependencies
Corporates underserved Slow FMI Modernisation
Low Digital Competency Stakeholder Alignment
Core problems hindering ASEAN Financial Integration
- AEC Blueprint 2025
“ASEAN in 2025: A Highly Integrated and Cohesive Economy”
Intra-ASEAN Disparity Increasing
Growth in Value Reduction in Value
Arrow width : Value of commercial flow, 2016
Bubble size: Total value of Incoming & outgoing commercial flows, 2016
%ages: Weighted total incoming & outgoing commercial flows with SG, 2016
Source: SWIFT Business Watch
ASEAN-5 & LCMVB Commercial Flows
LCMVB Commercial Flows - Geographic Split
..nearly half of cross-border, intra-ASEAN
commercial flow payments (by value) were
settled outside of ASEAN in 2016
US Dollar is predominant currency
settling 85% of total intra-ASEAN
commercial flows by weight, with usage
increasing by 10% in 2016
External Dependency For Payments Intermediation
Source: SWIFT Business Watch
Still reach
non-initiative
banks
Accessible
by any bank
Reaching
any bank
Tracker
Directory Observer
SLA rulebook
Core transaction banks
Value-added product suite
Messaging technologies
The future of
cross-border
payments
For banks
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One year on, here are the achievements
4,000+ Average live payments / day
21 Banks successfully piloted
12 Banks are exchanging live gpi payments for
their corporate customers
93 Banks across
60+ Corridors (e.g. US – China; UK – Denmark; UK – Italy;
UK – Netherlands)
224 Countries
75% Of payments traffic on SWIFT represented
80,000+ Total live payments
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A whole new world for banks and corporates
Confirmation Information
Speed &
Transparency
Certainty
50%
Europe,
Middle East,
Africa
30%
Asia Pacific
20%
Americas
64. National Australia Bank
65. Natixis
66. Nedbank
67. Nordea Bank*
68. Oversea-Chinese Banking Corporation
69. PKO Bank Polski
70. Promsvyazbank
71. Rabobank
72. Raiffeisen Bank International
73. Resona Bank
74. Royal Bank of Canada*
75. Royal Bank of Scotland
76. Sberbank
77. Siam Commercial Bank
78. Silicon Valley Bank
79. Skandinaviska Enskilda Banken
80. Société Générale
81. SpareBank 1
82. Standard Bank of South Africa
83. Standard Chartered Bank*
84. Sumitomo Mitsui Banking Corporation*
85. Swedbank
86. Tadhamon International Islamic Bank
87. TMB Bank
88. Toronto-Dominion Bank
89. UBS
90. U.S. Bank
91. UniCredit*
92. United Overseas Bank
93. Wells Fargo*
48. ICICI Bank
49. IndusInd Bank
50. Industrial and Commercial
Bank of China*
51. ING Bank*
52. Intesa Sanpaolo*
53. Intl. FCStone
54. Investec
55. Itaù Unibanco
56. JPMorgan Chase Bank*
57. Kasikornbank
58. KBC Bank
59. KEB Hana Bank
60. Lloyds Bank
61. Mashreq Bank
62. Maybank
63. Mizuho Bank*
31. Commerzbank
32. Crédit Agricole
33. Crédit Mutuel-CIC Banques
34. Credit Suisse
35. CTBC Bank
36. Danske Bank*
37. DBS Bank*
38. Deutsche Bank
39. DNB Bank
40. Ecobank
41. E.Sun Commercial Bank
42. Erste Group Bank
43. Fifth Third Bank
44. FirstRand Bank
45. Handelsbanken
46. Helaba Landesbank Hessen-
Thüringen
47. HSBC Bank
(*) Pilot bank in 2016
1. ABN AMRO Bank
2. ABSA Bank
3. Alfa-Bank
4. Agricultural Bank of China
5. Australia and New Zealand
Banking Group*
6. Axis Bank
7. Banco Bilbao Vizcaya Argentaria
8. Bangkok Bank
9. Bank of America Merrill Lynch*
10. Bank of China*
11. Bank of New York Mellon*
12. Bank of Nova Scotia
13. Bank of the Philippine Islands
14. Bank of Tokyo-Mitsubishi UFJ*
15. Banco Bradesco
16. Banco Santander
17. Banco de Crédito del Peru
18. Banco do Brasil
19. Banorte
20. Banque Européenne d’Investissement
21. Barclays*
22. Bidvest Bank
23. BNP Paribas*
24. Budapest Bank
25. CaixaBank
26. Canadian Imperial Bank of Commerce
27. China Construction Bank
28. China Merchants Bank
29. Citibank*
30. Commonwealth Bank of Australia
93 gpi banks
Channelling payments
into 224 countries
Representing 75% of all
SWIFT cross-border
payments
Global traction
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CSP | Framework
Customer Security Programme
While all SWIFT customers are
individually responsible for the security of
their own environments, a concerted,
industry-wide effort is required to
strengthen end-point security
On May 27th SWIFT announced its
Customer Security Programme that
supports customers in reinforcing the
security of their SWIFT-related
infrastructure
CSP focuses on mutually reinforcing
strategic initiatives, and related enablers
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