SWIFT goes “Cloud” - What´s in it for Corporates? Stephan Kraft, Senior Account Director, SWIFT

2 e-banking Y host to host X e-banking Z VAN “fax-banking” Internet leased line PSTN Corporate Accounts payable Accounts receivable Treasury Other Typical corporate-to-bank messaging landscape Today’s situation

3 SWIFT: A secure, standardised global single window to the financial industry Accounts payable Accounts receivable Treasury Other CORPHUHB Middleware SWIFTNet

4 Sub heading if required Corporate Treasury Drivers Automation Standardisation Centralisation COSTS FTE Infrastructure RISK Operational Security COMPLIANCE Regulators (SOX, SEPA) Internal controls LIQUIDITY MANAGEMENT Where is my cash?

SWIFT goes Cloud – Announcement 1st March

SWIFT as a Natural Cloud Service Provider 6 The Community: Almost financial institutions and corporates Services: Integration Information Business processes Unique Proposition: "visibility into the middle“ expertise, economies of scale, and discipline to meet shared connectivity, messaging, data and security needs Applications: Accord, Sanctions, MyStandards, BI, etc.

What will be in the SWIFT cloud – future vision? 7

What will be in the SWIFT cloud – July 2012? 8

Alliance Lite2 9 Alliance Lite2 – How does it work ? Work flow SWIFTNet Interface USB Token to sign messages SSL Manual Browser Interface SWIFT Security SWIFT Community SWIFT Managed SWIFT Messaging AutoClient Business Integration Customer Premises Network (Internet or VPN) SWIFT Network Counterparties Alliance Lite2 Central Infrastructure Web server Alliance Lite2 - Feb PUBLIC

Alliance Lite2 Pricing Structure Alliance Lite2 - Feb PUBLIC 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)   Messages sent are charged as per standard SWIFT prices Band pricing available on quotation No surprise fees!  Optional: Alliance Connect (VPN) 10 One price for everything you need to connect

Homogenous authentication beyond SWIFT channel – 3SKey solution No uniform mechanism Different system per bank Costly & difficult to maintain 11 ALL BANKS Multi-Bank Multi-Application Multi-Network Multi-Country

The 3SKey solution in detail 12 John John = Token associated (registered) with several banks (3) (4) 2 User activates the token on 3SKey portal (2) Operates PKI and portal, issues certificates Activates token, associates with bank, signs Distributes token, associates user, verifies signatures 5 CRL check Token used to sign messages – bank verifies signature and revocation status (5)(6) 6 (1a+b) 1a Corporate user obtains an inactive token from a bank

Making your business case Costs Operational benefits Project typically paid back 2 x by operational benefits ? Additional benefits Better security, more control, … difficult to quantify but can be key driver Busine ss case Financial benefits

Business Case: SWIFT can support 14 SAMPLE!!!

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16 Your Contacts Judit Baracs Country Manager Hungary SWIFT Fischhof 3/6 A-1010 Vienna Austria swift.com T F M W E Stephan Kraft Corporate Access Specialist SWIFT Fischhof 3/6 A-1010 Vienna Austria swift.com T F M W E