2018年-SWIFT环球同业银行金融电讯_2017_SWIFT_Annual_Review_21页_1mb

SWIFT 2017 Annual Review Summary

Core Content

SWIFT is a global member-owned cooperative and the leading provider of secure financial messaging services. It connects over 11,000 banking and securities organizations, market infrastructures, and corporate customers across more than 200 countries and territories. While SWIFT does not manage funds or accounts, it supports secure, standardized communication, facilitating global and local financial flows and trade.

Main Points and Key Information

Operational Performance

• SWIFT achieved five nines (99.999%) availability for both FIN and SWIFTNet messaging services in 2017, exceeding its targets.
• FIN traffic reached an all-time high of 7.1 billion messages, with 12% growth in payment volumes.
• SWIFTNet availability was also at 99.999%.
• Peak FIN day was recorded on 30 November 2017, with 32.8 million messages sent, a 5.9% increase from the previous peak in October.

SWIFT Global Payments Innovation (gpi)

• Launched in January 2017, gpi significantly enhanced cross-border payments by offering real-time tracking, transparency on fees, and increased speed.
• By the end of 2017, over 150 financial institutions had joined gpi, with $100 billion in daily SWIFT gpi payments across 220 country corridors.
• 50% of payments were credited in under 30 minutes.
• gpi has three phases:
  • Phase One: Focuses on B2B payments, helping corporates improve treasury efficiencies, supplier relationships, and international business.
  • Phase Two: Set for 2018, includes stop and recall, universal tracking, and cover payments.
  • Phase Three: Explores DLT and open APIs to further enhance the gpi ecosystem.

gpi Tracker

• Launched in May 2017, the gpi Tracker provides real-time tracking and same-day settlement for international payments.
• Offers corporate treasurers a full end-to-end view of payments, reconciliation accuracy, and liquidity optimization.
• Available via open API, ensuring compatibility with global banking systems.

Cyber Security and Compliance

• SWIFT continues to focus on cyber security, with the Customer Security Programme (CSP) being a key initiative.
• 89% of customers attested to compliance with mandatory security controls by the end of 2017.
• SWIFT-ISAC was launched in May 2017, providing cyber threat intelligence and actionable insights to over 3,100 institutions, with 65 bulletins consulted over 38,000 times.
• SWIFT collaborated with BAE Systems to produce a detailed report on evolving cyber threats based on forensic data.

Financial Crime Compliance

• SWIFT offers a range of compliance tools, including Sanctions Screening, KYC Registry, and Compliance Analytics.
• Sanctions Screening was used by over 800 users, with a batch version launched in December 2017.
• KYC Registry exceeded 4,500 institutions and was aligned with the Wolfsberg Due Diligence Questionnaire.
• Compliance Analytics reached 50 customers, covering 75% of SWIFT message traffic.
• Daily Validation Reports were launched as part of Fraud Solutions, with 70 banks signing up by year-end.

Innovation and Technology

• SWIFT is continuously innovating, leveraging APIs, blockchain, and DLT.
• A DLT proof of concept (PoC) with 34 banks demonstrated the potential for multi-bank reconciliation.
• SWIFT DLT Sandbox is used to explore use cases and new technologies.
• SWIFTRef is evolving to better serve corporate customers, with the launch of the Data Validation Service.

Market Infrastructures and Expansion

• SWIFT expanded its presence in market infrastructures, including the Australian New Payments Platform (AU-NPP), which was successfully launched by year-end.
• In November 2018, SWIFT will provide connectivity to the European instant payments system TIPS and the EBA's RT1 platform.
• SWIFT is committed to the Eurosystem Single Market Infrastructure Gateway as outlined in the Eurosystem Vision 2020.

Corporate Social Responsibility and Governance

• SWIFT is a member-owned cooperative with a global office network and neutral governance based in Belgium.
• The SWIFT Board and management team are dedicated to operational excellence, innovation, and security.
• SWIFT continues to support FinTech solutions, collaborate with the community, and shape market practices.

Summary

SWIFT's 2017 Annual Review highlights its continued focus on security, innovation, and operational excellence. The organization made significant strides in enhancing cross-border payments through gpi, which saw 150 institutions on board and $100 billion in daily transactions. Cyber security was a central theme, with CSP achieving 89% compliance and SWIFT-ISAC providing threat intelligence to over 3,100 institutions.

SWIFT also advanced financial crime compliance with tools like Sanctions Screening, KYC Registry, and Compliance Analytics, all of which are critical in the face of evolving threats. Innovation was a key driver, with DLT, blockchain, and APIs playing a significant role in future-proofing SWIFT's services.

In addition, market infrastructure expansion continued, with instant payments and securities market tools being developed. SWIFT remains a trusted global platform, ensuring reliable, secure, and standardized financial messaging across the globe.