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ISO 20022 Adoption
Trends
1 – 2 September 2015
Luis Alberto Fernandez, ACH Colombia
Omar Lago-Rodriguez, SWIFT Americas
Simultaneous
translation
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2
Market Infrastructures – Global ISO 20022 adoption
SWIFT Latin American Regional Conference 1-2 September 2015
200 initiatives Under discussion > planned > rollout > live
90 countries
FX
Europe Asia Pacific
Americas
ISO 20022 adoption - context
Europe Asia Pacific
Americas
Middle East & Africa
Market
infrastructures T2S
As of 2015
Settlement & reconciliation
CSDs and NCBs communicating with T2S
CSD and NCBs
Services to customers
VP Securities DK, NBB BE, Euroclear ESES & FI
2015
TARGET2
EURO1/STEP1
High-value payment systems
Close to 1000 member banks
2017
Payments
systems in CH
All payment systems and instruments
Regional integration
Spill-over
Oversight pressure
As of
2016
3
ISO 20022 adoption - context
Europe Asia Pacific
Americas
Middle East & Africa
Market
infrastructures Jasdec
Live since 2014
ASX
Corporate Actions
New announcement service
AU-NPP
Real-time payments
New services to customers
2017
Brunei
New RTGS system
New services
Internationalisation
Regional integration
Live since
end 2014
Settlement & reconciliation
Live since 2014
Additional plans for post-trade with TSE
Part of ASEAN integration
4
ISO 20022 adoption - context
Europe Asia Pacific
Americas
Middle East & Africa
Market
infrastructures DTCC
Live since 2011
Galgo (BR)
Investment Funds
Automation
CPA
All payments systems
New services to customers
Date to be confirmed
US
Business case assessment
New services
Automation
Transformation
Under discussion
Securities transformation
Live since 2011
Corporate Actions
Roadmap setting
5
ISO 20022 adoption - context
Europe Asia Pacific
Americas
Middle East & Africa
Market
infrastructures SADC
As of 2015
Regional integration
Renewal of legacy systems
New services
13 countries in Africa
Low-value payments
Mobile-to-mobile payments
Potential securities initiatives
Other initiatives
Jordan
South-Africa
6
FI customers Example: ISO 20022 adoption by
Corporates
7
FI customers -
Corporates needs
550+ Corporates on SWIFT exchange ISO 20022-based transactions with
their banks
One single standard used by banks globally
More data & information – better reconciliation process,
STP processes, extended local characters
Encourage innovation: flexible & agile platform
Comply with regulations > Europe: SEPA
Triggers for adoption
ISO 20022 enables new services in the C2B space
8
…
Bank Services Billing
Mandate Management [e-Bam]
Supply Chain & Trade Finance [BPO]
Remittance information
Concentration Services for Corporates
…
FI customers -
Corporates needs
Comprehensive information
Well structured but flexible messages
Rich and logical format
It enables banks to unlock
new information-based services
A bank’s ISO 20022 landscape
Your participation to
Market
Infrastructures
2017 2016 2015 Step2
EURO1/
STEP1
Baltic CSDs
ACH CENIT (CO)
Securities
2018
& beyond
Payments
9
Impact?
Different timelines
Different scopes
Different sets of messages
Different market practice
Different MI adoption
strategies
Different roll-out
approaches
A bank’s ISO 20022 landscape
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
10
SWIFT Latin American Regional Conference 1-2 September 2015 11
Questions.
SWIFT Latin American Regional Conference 1-2 September 2015 12
Digi-voting
SWIFT Latin American Regional Conference 1-2 September 2015
On a scale of 1 to 5 please rate your level of
satisfaction with this session.
Lowest Highest
13
SWIFT Latin American Regional Conference 1-2 September 2015
On a scale of 1 to 5 please rate your level of
satisfaction with the session speakers.
Lowest Highest
14
SWIFT Latin American Regional Conference 1-2 September 2015 15
Agenda what’s next
• Coffee Break SWIFT Lab: 11:00 – 11:30
• Back here: 11:30
Sponsored by:
www.swift.com
SWIFT Latin American Regional Conference 1-2 September 2015 16
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translation
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