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SWIFT Middle East Regional Conference

SWIFT Middle East Regional Conference. Corporate Connectivity. Abu Dhabi, March 2012. SWIFT Community. Banks. Corporates. Payment Systems. Clearing & Settlement Systems. Insurance Companies . Government Institutions. Broker-Dealers . Stock Exchanges . Securities MIs. Depositories.

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SWIFT Middle East Regional Conference

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  1. SWIFT Middle East Regional Conference Corporate Connectivity Abu Dhabi, March 2012

  2. SWIFT Community Banks Corporates Payment Systems Clearing & SettlementSystems InsuranceCompanies GovernmentInstitutions Broker-Dealers Stock Exchanges Securities MIs Depositories Payments MIs Trustees IMIs SWIFT MERC Regional Conference - Abu Dhabi

  3. Connectivity – An evolving landscape SWIFT for Corporates Multi-banked corporation Host-to-Host Connectivity Single bank multiple corporates in a supply chain E-Banking Portal Increasing number of banking relationships Single client-to-bank connection Increasing corporate technical sophistication & international reach SWIFT MERC Regional Conference - Abu Dhabi

  4. VAN Corporate Accounts payable Accounts payable Accounts receivable Accounts receivable Treasury Treasury Other Other Single gateway Internet SWIFTNet “SWIFT for Corporates” value proposition Multiple bank channels Standardised gateway Corporate host to host X Leased line e-banking Y Fax - emails • High cost • Security issue • Manual processing • Many parties involved • Multiple implementation skills • Enables visibility on cash globally. • Lower cost • Increased control and security • Reduced risk • Clear cost structure SWIFT MERC Regional Conference - Abu Dhabi

  5. Evolution of Financial services Cash Management Treasury and Risk Management Trade Finance MT101 MT103 MT940 MT798 FileAct SWIFT MERC Regional Conference - Abu Dhabi

  6. Competitiveadvantages for banks • New value added benefits for your Bank: • Respond to corporate clients needs • Complete channel product range • Focus on value added services • provided over a standardized channel • Cross sell, gain additional business • New value added services for your customers : • Centralized accounting • Real time visibility on funds and payment process • Bulk payment offer • Money market confirmation and real time matching • New banking opportunities (Trade, Funds…) SWIFT MERC Regional Conference - Abu Dhabi

  7. SWIFTnet Framework for SWIFT connectivity Corporate • Multi-banked, Seeking channel Standardisation SCORE MACUG Membership • Register on each Bank CUG and obtain approval from each bank • Listed on Stock Exchange of FATF country • Nominated by a bank in FATF country Direct Indirect Alliance Lite Connectivity • Infrastructure owned and operated by customer • Infrastructure owned and operated by Service Bureau • SWIFTNet connectivity infrastructure via the intenet Messaging Services FileAct FIN • File Transfer • File formats supported : PAYMUL, iFile, iDoc, XML ISO20022 • Treasury payment • MT Messages SWIFT MERC Regional Conference - Abu Dhabi

  8. 2007SCORE 2001MA-CUG Bank A Corporate A Bank B Corporate B Bank C • Each bank sets up its own CUG environment – Corporates can join several MA-CUGs • No usage restrictions • Each bank joins the SWIFT administered CUG - Corporates access all banks in SCORE • Limited usage restrictions Corporate access to SWIFT - MembershipAn evolution SWIFT MERC Regional Conference - Abu Dhabi

  9. VPN VPN Connectivity options Direct connection Manage your own SWIFT connection VPN Network partners Indirect connection Outsource SWIFT connection Internetor VPN Service bureau or Member/Concentrator Alliance Lite Simple solution over Internet Web server Internet Work flow SWIFTAlliance SWIFT SWIFT MERC Regional Conference - Abu Dhabi

  10. # registered corporate entities Geographical split Corporates on SWIFTWhere do we stand today ? Asia Pacific 902 726 9% 579 Americas 18% 402 73% EMEA SWIFT MERC Regional Conference - Abu Dhabi

  11. Corporates MENA Distribution 28 corporates SWIFT MERC Regional Conference - Abu Dhabi

  12. List of Corporates in MENA SWIFT MERC Regional Conference - Abu Dhabi

  13. Evolution of corporate traffic in MENA SWIFT MERC Regional Conference - Abu Dhabi

  14. Corporates in MENA - 2011 Distribution of MT sent with values SWIFT MERC Regional Conference - Abu Dhabi

  15. Corporates in MENA - 2011 Distribution of MT received with values SWIFT MERC Regional Conference - Abu Dhabi

  16. Case studies and customer testimonials(5 year business case analysis) Arcelor Mittal 600% ROI DuPont 200% ROI BELCORP GE 410% ROI Together with your bank we can make your business case Iberia 280% ROI EADS Microsoft 326% ROI Novartis 120% ROI Yves Rocher Petronas 410% ROI T-Mobile 180% ROI Swiss Re 4 x savings to investment SWIFT MERC Regional Conference - Abu Dhabi

  17. SWIFT Secure Signature Key SWIFT MERC Regional Conference - Abu Dhabi

  18. Current Landscape – The Corporate View We have !!! Wewant • No uniform mechanism • Different system per bank • Costly & difficult to maintain ALL BANKS • Multi-Bank • Multi-Application • Multi-Network • Multi-Country SWIFT MERC Regional Conference - Abu Dhabi

  19. Bank & Community Perspectives • Interoperable: multi-bank, multi-application, multi-channel and multi-country • Non-repudiation: PKI digital signature - WHO, WHAT, WHEN • Highly secure: personal certificates and secure keys stored on hardware token • Reducing costs: single shared CA infrastructure & operations BUT • Banks do not want to rely on registration activity and/or PKI infrastructure of each other • Each bank must do its own registration and comply with its own Know-Your-Customer rules SWIFT MERC Regional Conference - Abu Dhabi

  20. Key benefits For Corporates One token, one process, one password across banks, networks and countries For Banks Cost effective use of trusted shared infrastructure whilst keeping control over the user identity (KYC) For Vendors Benefit from interoperable solution, easy to integrate and can be used across banks globally SWIFT MERC Regional Conference - Abu Dhabi

  21. 3SKey in 5 steps 1 Obtain token Revoked ? Revoked ? Activate token on 3SKey Portal 2 Register token with one or multiple banks 3 John=corp12345678 John=corp12345678 John=corp12345678 Authenticate or sign messages on multiple channels 4 5 Check the CRL John corp12345678 SWIFT MERC Regional Conference - Abu Dhabi

  22. Why using 3SKey? CORPORATE USERS BANKS • Multi-bank signing solution • Reduced complexity & cost by using single device & process • Secure solution using latest cryptographic technology • Better service to clients • Interoperability without reliance amongst banks • Cost reduction by using shared infrastructure SWIFT MERC Regional Conference - Abu Dhabi

  23. Roll-out Status Roll-out Status 40 application vendors 25 banking groups +20,000 tokens distributed +9,000 activated users 80 countries SWIFT MERC Regional Conference - Abu Dhabi

  24. Thank you SWIFT MERC Regional Conference - Abu Dhabi

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