SWIFT GPI: one year along the road, status update for Romanian community Janssen Marianna, SWIFT Payments specialist EMEA 7th of November 2018, Bucharest SWIFT gpi_Romanian BF_November 2018_Confidentiality restricted 1 Current gpi adoption: status update SWIFT gpi_Romanian BF_November 2018_Confidentiality restricted 2 Unparalleled growth in adoption, traffic and corridors Very large community 300~ 200+ 80+% including the 1st bank in Romania: countries covered SWIFT cross-border payments Banca Transilvania represented Millions live payments 85 700+ 100+Mio 30+% banks live country corridors payments sent as gpi since go live - cross-border MT103 35 top 50 banks 500K payments/day sent as gpi . Over 50% of SWIFT gpi payments are credited to end beneficiaries Delivering within 30 minutes real value . More than 100 billion USD are being sent daily via gpi . Banks are saving costs thanks to quicker investigations handling and a significantly reduced number of payment enquiries SWIFT gpi_Romanian BF_November. 2018_ConfidentialityPositive restricted reactions from corporates 3 85 banks are live, with more than 180 banks in the implementation phase 85 gpi banks live Nordea Bank Toronto–Dominion Bank Danske Bank Alfa-Bank State Savings Bank of Ukraine Vietinbank DNB Bank Royal Bank of Canada SEB E.SUN Commercial Bank ICICI Bank Bank of Nanjing Scotiabank Ebury Kapital Bank Shanghai Rural Commercial Bank ING Barclays China Guangfa Bank BIDV Canadian Imperial Bank of Commerce Rabobank China Minsheng Bank Shanghai Pudong ABN AMRO Bank China Merchants Bank Turkiye Garanti Development Bank Associated Foreign Exchange Commerzbank HSBC BNP Paribas Bankasi Bank of Communications Ping An Bank INTL. FCStone National Bank of Wells BNY Mellon KBC Bank Raiffeisen Bank Bank of China Bank of Jiangsu Shinan Bank Citi UBS Kuwait Fargo Natixis International China Zheshang Bank Bank Pekao Al Baraka Bank China Construction Bank JPMorgan Chase Deutsche Bank ICBC Bank of Hangzhou Société Générale Crédit Mutuel-CIC Bank al Ethiad China Citic Bank Sumitomo Mitsui Bank of America Merrill Lynch Commercial Bank CTBC Bank BBVA UniCredit Banking Corporation Intesa Sanpaolo of Kuwait Siam Commercial Bank National Blom Bank Kookmin Bank Banco Santander Vietcombank Commercial Bank OCBC YinzhouBank MUFG Bank Bangkok Bank Mashreq DBS Bank Bank Standard Chartered FirstRand ABSA Bank NAB Nedbank Standard Bank Westpac ANZ Commonwealth Bank of Australia SWIFT gpi_Romanian BF_November 2018_Confidentiality restricted 4 300 plus global transaction banks signed up AME-UK EMEA Asociación Popular de Ahorros y Crown Agents ABN AMRO Bank Bank Uralsib Eurobank Ergasias Raiffeisen Bank International Préstamos Danske Bank ABSA Bank Banque BEMO Fidelity Bank Rawbank Associated Foreign Exchange DNB Bank Access Bank Banque Centrale Populaire FirstRand Riyad Bank BAC International Bank Ebury Afrasia Bank Banque du Liban Fransabank RosEvroBank Banco BISA Global Reach Partners Afriland First Bank Banque Libano-Française Gazprombank Saradar Bank Banco Bradesco GPS Capital Markets Akbank BayernLB GCB Bank Sberbank Banco Davivienda HiFX Al Baraka Bank Bidvest Bank Guaranty Trust Bank Sierra Leone Commercial Bank Banco de Chile HSBC Alawwal Bank Blom Bank iBanFirst Skye Bank Banco de Credito del Peru IFX Alfa-Bank BNP Paribas ICCREA Banca Société Générale Banco del Estado de Chile Interactive Brokers Ameriabank Bosna Bank International ING Standard Bank Banco del Pacífico INTL FCStone Arab National Bank Budapest Bank Intesa Sanpaolo State Savings Bank of Ukraine Banco de Reservas de la República J.P. Morgan BBVA Byblos Bank Kapital Bank Sterling Bank Dominicana Lek Securities Corp. BANCA TRANSILVANIA CaixaBank KBC Bank Tadhamon International Islamic Banco Galicia Lloyds Bank S.A Central Africa Building KCB Bank Bank Banco Económico MMG Bank Corporation Banco BIC Portugues Society Khan Bank TBC Bank Banco Inbursa Nordea Bank Banco de Crédito Central Cooperative Bank Landesbank Hessen-Thüringen TEB Banco Industrial Produbanco Cooperativo Citco Bank Mashreq Bank The International Bank of Banco Monex Royal Bank of Canada Banco Privado Atlantico- Commercial Bank of Mauritius Commercial Bank Azerbaijan Bank of America Merrill Lynch Scotiabank Europa Kuwait National Bank of Kuwait Türkiye Garanti Bankasi Bank of Montreal SEB Banco Sabadell Commerzbank National Commercial Bank Türkiye Halk Bankasi Bank of New York Mellon Svenska Handelsbanken Banco Santander CRDB Bank National Microfinance Bank Türkiye İş Bankasi Barclays Toronto–Dominion Bank Bank al Bilad Crédit Agricole Natixis UBS Banorte United Nations Bank al Etihad Crédit Libanais Nedbank UniCredit Banrural Vitesse PSP Limited Bank Audi Crédit Mutuel-CIC NIC Bank Union National Bank Cambridge Mercantile Corp. Wells Fargo Bank Hapoalim Credit Suisse Nova Ljubljanska Banka Yapi Kredi Bankasi Canadian Imperial Bank of Commerce World First Banka Per Biznes DenizBank Onpex Bank Zenith Bank Citi Bankinter Deutsche Bank Piraeus Bank Ziraat Bankasi Clear Bank Bank of Beirut & the Arab Diamond Trust Bank PKO Bank Polski Countries Ecobank Privat Bank Bank of Cyprus Emirates NBD Qatar National Bank Bank of Georgia Erste Group Bank Rabobank Bank Pekao * Live banks in bold SWIFT gpi_Romanian BF_November 2018_Confidentiality restricted 5 300 plus global transaction banks signed up APAC Agricultural Bank of China Bank of Rizhao E.SUN Commercial Bank Punjab National Bank AB Bank Bank of Shanghai Federal Bank Shanghai Pudong Development Bank ANZ Bank of Taizhou Foshan Rural Commercial Bank Shanghai Rural Commercial Bank Axis Bank Bank of Tianjin Fudian Bank Shengjing Bank Bangkok Bank Bank of Xi’an Fujian Haixia Bank Shinhan Bank BIDV Bank of Zhengzhou Guangdong Huaxing Bank Siam Commercial Bank Bank Islam Malaysia Berhad Bank Rakyat Indonesia Guangdong Nanyue Bank Standard Chartered Bank Bank Negara Indonesia Bank Rakyat Malaysia Hankou Bank Sumitomo Mitsui Banking Corporation Bank of Beijing Bank Sinarmas Harbin Bank Taian Bank Bank of Changsha Chang’An Bank HDFC Bank The Bank of East Asia Bank of Ceylon China Bohai Bank Hong Leong Bank Berhad TMB Bank Bank of China China CITIC Bank Huarong Xiangjiang Bank Union Bank of India Bank of Communications China Construction Bank Huishang Bank Corporation United Overseas Bank Bank of Dongguan China Development Bank Hunan Liuyang Rural Commercial Bank Vietcombank Bank of Fuxin China Guangfa Bank ICICI Bank Vietinbank 200+ countries Bank of Ganzhou China Merchants Bank ICBC Weifang Rural Commercial Bank Bank of Guangzhou China Minsheng Bank Industrial Bank Weihai City Commercial Bank 80+% SWIFT cross-border payments Bank of Guiyang China Zheshang Bank Industrial Bank of Korea Westpac Bank of Guizhou Chong Hing Bank Jiangmen Xinhui Rural Commercial Bank Woori Bank 100+ Mio gpi payments since go live Bank of Hangzhou Chongqing Rural Commercial Bank Jiangxi Bank Yantai Bank 500K+ gpi payments/day Bank of India CIMB Bank Berhad Kasikorn Yes Bank Bank of Inner Mongolia City Union Bank KEB Hana Bank Yinzhou Bank 700+ country corridors Bank of Jiangsu Commonwealth Bank of Australia KB Kookmin Bank Zhejiang Mintai Commercial Bank Bank of Jining CTBC Bank Liaoyang Commercial Bank Zhejiang Rural Credit Cooperative Union Bank of Jinzhou Dah Sing Bank Maybank Zhejiang Tailong Commercial Bank Bank of Jiujiang DBS Bank MB Bank Zhuhai Rural Commercial Bank Bank of Langfang Dezhou Bank Mizuho Bank Zhongshan Rural Commercial Bank Bank of Nanjing Dongguan Rural Commercial Bank MUFG Bank Zhongyuan Bank Bank of Ningbo Dongying Bank National Australia Bank Zhuhai Rural Commercial Bank Bank of Qindao OCBC Bank of Quanzhou Ping An Bank Postal Savings of China SWIFT gpi_Romanian BF_November 2018_Confidentiality restricted 6 SWIFT gpi is dramatically speeding up cross-border payments! +90% < 1 day end-end SWIFT gpi_Romanian BF_November 2018_Confidentiality restricted 7 Vision & ambition SWIFT gpi_Romanian BF_November 2018_Confidentiality restricted 8 Ambition 2020: gpi is the new norm for cross-border payments 2020 Approved by the Community and All payments confirmed Board SR2018 and extended tracking 2018 All payments tracked approved in December 2017 2017 gpi service approved in Rapid initial adoption September 2016 SWIFT gpi_Romanian BF_November 2018_Confidentiality restricted 9 2018 SWIFT gpi_Romanian BF_November 2018_Confidentiality restricted 10 Agile innovation in 2018 PROOF OF DESIGN, PILOT, EXPLORE LIVE VALUE PROOF OF CONCEPT BUILD, TEST 3 new services ISO 20022 DLT PoC (2017) Extended tracking Pre- Cover payments validation Stop and recall Real-time Institutional cross-border payments Make it easy! . Visibility incoming Bank to Customer . Request for Payment corporate pilot payments SWIFT gpi_Romanian BF_November 2018_Confidentiality restricted 11 gCCT gpi gCCT service – flows MT 103 MT 103 with UETR1234 with UETR1234 & Service Type Identifier 001 & Service Type Identifier 001 1 3 gCCT gCCT gCCT Instructing Intermediary gpi Agent Instructed gpi Agent gpi confirmation Credit confirmation gpi Agent MT199/API gpi confirmation MT199/API 1 2 3 4 MT199/API 2 4 SWIFT gpi Tracker SWIFT gpi_Romanian BF_November 2018_Confidentiality restricted 12 MT 202 COVER gpi gCOV service – Value proposition Credit transfer (MT 103, UETR1) – as per gCCT gCOV gCOV MT 202COV uses UETR1 Instructing Instructed 1 1 Credit gpi Agent gpi Agent 2 3 Confirmation gCOV gCOV MT 910 (optional) Instructing Instructed MT299/ API Reimbursement Reimbursement Agent Agent 2 3 4 MT299/API 4 MT299/API 4 MT299/API 3 4 SWIFT gpi Tracker SWIFT gpi_Romanian BF_November 2018_Confidentiality