Alliance Lite
Sibos 2010 Amsterdam
Dirk Van Achter, SWIFT
Alex Ozanne, Kleinworth-Benson
25 October 2010
SWIFT hasn’t solved all your problems yet?
Broker /
Dealer
Market
infrastructure
Banks /
Distributors
FTP
Investment
manager
Your
institution
Funds’
administrator/
Transfer
agent
Corporates
Custodian
Regulators
Where it hurts
Multiple counterparties
Multiple connections
Lack of standards
Manual processing
FAX/Paper-based
Increasing volumes
Regulations
Multiple Counterparties – One Connection
Broker /
Dealer
Broker/
Dealer
Market
Infrastructure
Market
Banks/
Distributors
Banks /
Distributors
infrastructure
FTP
Investment
Manager
Investment
manager
Funds’
Funds’
Administrator/
administrator/
Transfer
Transfer
Agent
agent
Corporates
Corporates
Custodian
Custodian
Regulators
Regulators
Getting your low volume counterparties
on SWIFT
Easy
Secure
Low cost
Worldwide
Standardised
...many issues, one global solution!
Easy SWIFT access using Alliance
Lite
Product
Web server
SSL
Work flow
SWIFTNet Interface
security
token
AutoClient
Business
Integration
Manual
Browser
Interface
Alliance Lite
Customer
SWIFT
Security
SWIFT
Managed
Internet
Alliance Lite
Central
Infrastructure
SWIFT
Messaging
SWIFT
Network
SWIFT
Community
Counterparties
Who is it for?
• New low volume SWIFT customers
– Average < 200 items sent & received per day (< 4000 items/month)
– 1 item = 1 SWIFT message or 1 chunk (< 100 KB) of a FileAct file
• Current release: All types of institutions
– Banks & Financial Institutions
– Corporates
– Funds Distributors & Funds Transfer Agents
– Investment Managers, Broker / Dealers
• Next release
– Browse services
– Members of market infrastructures (e.g. TARGET2)
– Q1 2011
Distribution
• One box with 10 tokens and 1 CD
• Quickstart instructions
• Install in 5 minutes
Includes
• Own BIC on SWIFTNet
• BICplusIBAN directory built-in
• Free training and documentation
Easy
Easy to Order
Alliance Lite
Easy to Install
Easy to Use
Join SWIFT and Order Alliance Lite
Click to fill in the single order form
No need for username/password to access it
Easy
Easy to Order
Alliance Lite
Easy to Install
Easy to Use
The only thing
you need to
connect to
SWIFT
Easy to Install
Easy
Easy to Order
Alliance Lite
Easy to Install
Easy to Use
Alliance Lite – Browser Interface
PowerPoint Toolkit – 23 October 2008 – Confidentiality: restricted
15
www.swiftalliancelite.com
Plug your SWIFT USB Token
in the USB slot of your PC
You will be requested to
enter password of USB Token
Support for different SWIFT Message Types
IBAN to BIC look-up
20
Multi-page
Print
Easy to use reports
Search, filter,
drill-down
21
Save in file format
of your choice
22
Alliance Lite - AutoClient
PowerPoint Toolkit – 23 October 2008 – Confidentiality: restricted
23
Alliance Lite AutoClient
FIN
MX
Your
counterparties
FileAct RT
SWIFTNet
Alliance Lite Central Infrastructure
Internet
File containing
any MT
Messages
CSV file
File with
any
content
Alliance Lite
customer
Alliance Lite: Attractive Price Model
25
Price
• Pay-as-you-go
€200/month plus €1 per item
As of
€200 / month
• All-inclusive Flat Fee
€850/month
– includes 4000 items/month
• Wholesale & Resale Volume
Discounts
Attractive Pricing
EUR/month
1 EUR/item
1 item = 1 MT or MX, or 1 FileAct chunk
of 100 KB, sent or received
850
Flat Fee
Pay as you go
200
Monthly billing
Items/month
650
4,000
Subscription for 1 year, tacitly renewed, cancellation with 3 months notice
27
A pay-as-you-go customer surpassing flat fee for 3 months in a row will be offered to switch
A Channel Island Initiative: A Bank’s Perspective
28
The Channel Islands, including Guernsey and
Jersey are major offshore finance centres
Consisting of nearly 100 Banks providing a diverse range of Banking
Services including retail banking, total wealth management, foreign
exchange, also supporting other financial services businesses
operating in the Islands including:
• Fiduciary Services providing trust and corporate services to private
client, corporate and institutional businesses
• Investment Business providing a range of services including stock
broking, investment advice and management, promotion, fund
management and administration, and custody of assets to an
international clientele
• Insurance Business providing a range of insurance products and
services, ranging from captive insurance company structures to
intermediary services
Connecting the Financial Community
Fiduciary Services
Stock Exchanges
Corporates
Government
institutions
Broker-dealers
Investment
managers
Settlement
systems
Clearing
systems
Banks
Kleinwort Benson
How we use SWIFT for payments
Paying Bank
Kleinwort Benson
Sender’s Correspondent
MT103 Customer Transfer
Receiving Bank
Bank of Jersey
Receiver’s Correspondent
Corporate Payment / Customer Transfer
Trust Company
Telephone
Paying Bank
Sender’s
Correspondent
Fax
Letter
Multi Online Systems
Receiving Bank
Beneficiary
Online Statement
Paper Statement
Receiver’s
Correspondent
Online Banking
Bank 1
Trust Company
Bank 2
Bank 3
SIBOS 2008 Vienna
• SWIFT announced:
– Launch of Alliance Lite: Targeted at financial institutions and
corporates with low-volume payment requirements
– Change of joining criteria to allow smaller regulated
institutions to join the SWIFT network
SWIFT payment / Customer transfer
Trust Company
Paying Bank
Sender’s
Correspondent
Beneficiary
Receiving Bank
Receiver’s
Correspondent
Alliance Lite
Integrating to SWIFT
Payments
FIN
OUT
SWIFTNet
IN
FileAct
Statements
Business
Application
SWIFT
Connectivity
• Outgoing payments in MT format files to FIN service
• Incoming statements in either MT940 format or downloaded from
browser in Excel, Word, PDF etc
• Bulk messaging using to/from FileAct
Summary... from multiple proprietary bank
channels…
Trust Company
Payments
PSTN
“fax-banking”
Accounts
payable
Accounts
receivable
leased line
e-banking Y
Internet
Treasury
e-banking Z
Other
Corporate
VPN
host to host X
…to a single channel to multiple banks
Trust Company
Payments
Accounts
payable
SWIFTNet
Accounts
receivable
SWIFT Connectivity
Treasury
Other
Corporate
• One message standard
• Lower costs
• One security standard
• Reduced risk
• One gateway
• Improved control
• One network
• Better compliance
Benefits for the Client
• Single payment interface to all your bankers and therefore...
– 1 user id, 1 password and 1 security token
– 1 standard message format for all payment types
• Validation at the time of input
• Guaranteed delivery – non repudiation
• Go Green – electronic statements
• Integration with back-office software
• Scalability – standard payment infrastructure for all your banks
What are the benefits for us?
• All payments through a single channel
• Standardised message format
• No re-keying of data – reduction of time and error
• Validation at the time of input – minimise call back to client
• STP will allow for higher volumes with no staff increase
• Reduction in paper statements
• Being “SWIFT ready” makes us competitive in the market
What delighted customers say
“Much better than what we have
“This is the first time I can ever
at the moment.”
hope to become and afford to be
a SWIFT member.”
“You are on the verge of
creating an essential
“Alliance Lite is light.”
“This makes me think of Intelcommunication platform.”
Inside. You have the backbone
of the financial industry which
“It gives me the possibility to be
you now seem to have foundpart
a of the SWIFT network, to
way to better exploit for thehave that element of
is a language,
and
benefit of“SWIFT
more users.”
professionalism
and security as
Alliance Lite allows
meoftomy company image and
part
speak that language.”
reputation.”
More information?
On SWIFT’s website
www.swift.com/alliancelite
Questions & answers
?
Thank you