simplifying standards
DESCRIPTION
Presentation from SWIFT's Operations Forum Europe 2014 on 26-28 November in ParisTRANSCRIPT
Simplifying standards –
Standards Release and major
market initiatives
Marc Delbaere
Veerle De Becker
SWIFT Operations Forum – Europe
www.swift.com/services www.swift.com/mystandards
Base Standards:MT/MX/ISO 20022
Market practices
Implementation guidelines
The source of complexity
2
ormal
ccessible
onsistent
argeted
C
F
A
T
Releases
Variants
MyStandards
A collaborative
web platform
… to better
manage standards and
onboard your community
FeaturesContentReadiness
Portal
3
Not just a repository of specifications
4
Standards
Release
Consumers
« Getting standards-related issues out of the way »
Multi-format documentation
Self-service Internet testing
Shared view of readiness
« A consistent industry approach »
Industry
Initiatives
Commercial
Guidelines
MyStandards continues to grow
Financial
Institutions
Market
Infrastructures
Market
Practice
Groups
5
Managing the Standards Release
Understand Specify Implement Roll-out
Collaborate
…and major market initiatives
7
Now
2015
2015 - 2017
> 2017
CPA
SADC
PASA
[EFT]
ISO 20022 impact
MyStandards New BOJ-Net
NPP
Reserve
Bank of
Australia
FFI
HVP SecuritiesPaymentsLVP
LVP &
HVP
VP
Lux
IPFA
Corporate-
to-bank
VP
Securities
FX
2015 - 2017
Baltic
CSDs
NSD
Russia
Brunei
TSE &
Jasdec
Step2
Euro1
A bank’s perspective
HKMA
Understand
What are the changes and
how am I impacted?
Clear description of technical changes
Link to business driver (change requests)
Impact analysis on existing systems
Understand
Standards Release Impact Assessment Package
11
Where should I focus my analysis?
How is my organisation impacted?
What are the business benefits?
What are the details of the changes?
Standards Release Impact Assessment Package
12
Tailored report based on your traffic
Changes heat map
Standards Release questionnaire
MyStandards short-term licence
Standards Release Impact Assessment -
Extract from the report
13
Traffic analysis and Statistics
Graph showing the number of Change Requests for the MT category where you
send/receive high volumes
Traffic analysis and Statistics
Graph showing the impact level by Change Request
for a specific business area (e.g. Settlement and
Reconciliation)
Come and take a look
at a dummy report at
the end of the session!
Standards Release Impact Assessment -
Extract from the Changes heat map
14
Changes Heat map
Excel file including all the change requests, the benefits/consequences and the level of impact
Standards Release Impact Assessment Package
15
Saves you precious time
Supports your internal process
Requires only a small investment
Your trusted guide from beginning to end
of the Standards Release process
Standards Release Impact Assessment Package
16
Q&A with Standards
expert
Detailed impact
assessment
Business flows review
Schemas creation
Functional specifications
Integration services
Specify
Remain formal throughout
Formal specifications
Excel exports
Assistance to version migration
Specify
Specify
SR 2014
Standards Usage
Document
usage
formally
SR 2015Impact
analysis
Standards Usage
Migration
20
Implement
Exploiting the machine-
readable specifications
Simple propagation of information
Everything is machine-readable
Everything is testable (Readiness Portal)
Implement
Roll-out
For internal and external
customers
Customer documentation as by-product
Available at specification time
Customers can check conformance
and readiness on-line
Roll-out
MyStandards
Readiness Portal: Monitor process (dashboards)
Publish
specificationsTest against
specifications
Comparison, Dedicated access
ConsistencyMT/MX
ISO 20022multi-format
documentation
validation service
Managing the Standards Release
Understand Specify Implement Roll-out
Collaborate
…and major market initiatives