day 2 - services for iso 20022
TRANSCRIPT
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
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
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