SWIFT goes “Cloud” What´s in it for Corporates?
Stephan Kraft,
Senior Account Director, SWIFT
Typical corporate-to-bank messaging landscape
Today’s situation
Corporate
Accounts
payable
Accounts
receivable
VAN
host to host X
leased line
e-banking Y
Treasury
Internet
Other
e-banking Z
PSTN
“fax-banking”
2
SWIFT: A secure, standardised global single
window to the financial industry
CORPHUHB
Accounts
receivable
Treasury
Middleware
Accounts
payable
SWIFTNet
Other
3
Corporate Treasury Drivers
COMPLIANCE
Sub heading if required
• Regulators (SOX, SEPA)
• Internal controls
COSTS
• FTE
• Infrastructure
Automation
Standardisation
Centralisation
RISK
• Operational
• Security
LIQUIDITY
MANAGEMENT
•Where is my cash?
4
SWIFT goes Cloud – Announcement 1st March 2012
5
SWIFT as a Natural Cloud Service Provider
The Community:
Almost 10.000 financial
institutions and
corporates
Unique
Proposition:
"visibility into the middle“
expertise, economies of scale,
and discipline to meet shared
connectivity, messaging, data
and security needs
Services:
Integration
Information
Business processes
Applications:
Accord, Sanctions,
MyStandards, BI, etc.
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What will be in the SWIFT cloud – future
vision?
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What will be in the SWIFT cloud – July 2012?
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Alliance Lite2 – How does it work ?
Alliance Lite2
Web server
SSL
Work flow
SWIFTNet Interface
USB Token to
sign messages
AutoClient
Business
Integration
Manual
Browser
Interface
Customer Premises
Alliance Lite2 - Feb2012 - PUBLIC
SWIFT
Security
SWIFT
Managed
Network
(Internet or VPN)
Alliance Lite2
Central
Infrastructure
SWIFT
Messaging
SWIFT
Network
SWIFT
Community
Counterparties
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Alliance Lite2 Pricing Structure
sent are charged as per
 Messages
standard SWIFT prices
 Plus a banded monthly subscription fee
including:
• Customer identification: BIC & Logical terminal
• Documentation: UHB and BIC online
• Security: tokens, security officers and RMA
• Standard Plus support (24*7)
 Optional: Alliance Connect (VPN)
Band pricing available on quotation
Alliance Lite2 - Feb2012 - PUBLIC
No surprise
fees!
One price for
everything you
need to connect
10
Homogenous authentication beyond SWIFT
channel – 3SKey solution
• No uniform mechanism
• Different system per bank
• Costly & difficult to maintain
•
•
•
•
Multi-Bank
Multi-Application
Multi-Network
Multi-Country
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The 3SKey solution in detail
(1a+b)
Corporate user obtains an inactive token
from a bank
(2)
User activates the token on 3SKey portal
(3) (4)
(5)(6)
Token associated (registered) with
several banks
1a
CRL
check
Token used to sign messages – bank
verifies signature and revocation status
2
Operates PKI and portal,
issues certificates
John = 45678
John = 45678
5
1a
3
4
6
Distributes token, associates
user, verifies signatures
Activates token, associates
with bank, signs
John
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Making your business case
Project typically
paid back 2 x
by operational benefits
Operational
benefits
Costs
Additional
benefits
Financial
benefits
?
Better security,
more control,
…
difficult to
quantify but can
be key driver
Busine
ss
case
Business Case:
SWIFT can support
SAMPLE!!!
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http://www.swift.com/corporates
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Your Contacts
T
F
M
E
W
Judit Baracs
Stephan Kraft
Country Manager Hungary
Corporate Access Specialist
SWIFT
SWIFT
Fischhof 3/6
A-1010 Vienna
Austria
Fischhof 3/6
A-1010 Vienna
Austria
+43 1 740 40 2373
+43 1 740 40 2379
+43 664 636 2073
judit.baracs@swift.com
swift.com
T
F
M
E
W
+43 1 740 40 2374
+43 1 740 40 2379
+43 664 636 2090
stephan.kraft@swift.com
swift.com
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