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Work Sessions

Table of contents

Work sessions are a key feature of SOFE and offer a wealth of information about the latest and upcoming developments in SWIFT’s products and services. They cover a wide range of topics to ensure that there is something on the agenda for everyone.

SWIFT Operations Forum Europe (SOFE) 2019 - work sessions planning

Operational Excellence

Alliance Access portfolio

What’s coming up in 2020/21?

Looking for your yearly Alliance Access/Entry roadmap update? Do you want to know everything that is coming in the next two years for your Alliance interfaces and how you can incorporate into your operating plan? This is where you will find it!

Our product managers will walk you through the updates for 2020 – 2021, covering new features on Alliance Access/Entry release 7.4 and sharing plans for release 7.5, so you can prepare your business in advance.

How will Alliance Access/Entry help to adapt to upcoming business and market initiatives?

Organisations are facing challenges in adapting to upcoming business and market initiatives such as ISO 20022, ESMIG or SWIFT gpi.

During this session our product managers will walk you through the new features and functionalities that will be made available in Alliance Access/Entry to support those initiatives and what it concretely means for you, from a business and operational perspective.

To fully benefit from this session, it is recommended to attend the ISO 20022 migration as well as the TARGET Consolidation and ESMIG sessions before attending this one.

Alliance Messaging Hub

The future of financial messaging

Alliance Messaging Hub (AMH) is a future-proof financial messaging platform for financial institutions and market infrastructures. Scalable and customisable, AMH supports your business activities with message processing that allows you to connect to multiple networks around the world.

With AMH, all of your financial flows can be orchestrated in a single hub, regardless of whether they require FIN, FileAct, ISO 20022, SEPA, local formats, instant payments, files, messages, or API calls. Needs that are common across flows, such as sanctions screening, routing rules, reference data, message display, auditing, workflow and integration capabilities, can all be managed from one hub. You can simplify your messaging architecture and reduce complexity with a messaging hub that consistently provides best in class performance, security and availability, running 24/7 without fail. AMH can also greatly reduce your costs, and will increase your efficiency and agility in coping with change.

Come and find out the latest updates on AMH, including the principles on 2022 roadmap and release policy, and how it can take your financial messaging operations to the next level.

Introduction to Alliance Warehouse

What, why and how?

Looking for more information or updates on Alliance Warehouse, which offers long-term message storage, fast and flexible search, and is secure and reliable?

If you are keen to hear about how new technology is shaping the  Alliance Warehouse platform, and why we are doing this to support the SWIFT community, join us for this session!

RMA evolution

What you need to know!

Over the last few years, RMA has seen wide adoption as a real financial crime compliance control tool.  Because the current implementation, which is based on a distributed database model, has inherent desynchronisation risks, SWIFT has started to implement a central check that will enforce all RMA authorisations. This is a continuation of the evolution where SWIFT started to enforce the RMA revocations in 2016.

In this work session we go into more detail on how the solution works and touch on how it can help in the adoption of ISO 20022. We will also gather feedback on how this centralised information could be consumed in the future.


API technology

Accelerating the digital transformation of financial services

Application Programming Interfaces (APIs) are transforming the way business is done. The underlying API technology is a simple way for one business to access the business value of another to create new value. While the financial industry has been slow to adopt APIs, pressure from regulators and customers to provide more convenient ways to access banking services has created significant opportunities for this innovation.

But what do institutions need to consider when opening up their platforms to third-parties via APIs? And what is SWIFT’s role in unlocking the potential of API technology in financial services?


An exciting roadmap and future expansion

By embracing SWIFT gpi – the new standard in global payments – banks are now sending and receiving funds quickly and securely to anyone, anywhere in the world, with full transparency over where a payment is at any given moment. SWIFT gpi dramatically improves cross-border payments across the correspondent banking network, and not least for corporates, for which speed, certainty and a smooth international payments experience is an absolute must. Over 56% of all cross-border payments on SWIFT are now sent as gpi payments, representing more than $300 billion in daily value.

SWIFT and the global banking community will continue to collaborate to transform the cross-border payments world, while further increasing speed and reducing friction thanks to the introduction of new value-added services.This session will detail the upcoming gpi value-added services, such as pre-validation, case resolution, gpi for corporates and instant gpi payments, and will unveil areas for future expansion such as trade, retail and securities.

SWIFT Screening Utility

Multiple services, one platform, one customer experience

During this session, SWIFT will demonstrate the power of its Screening Utility, highlighting the capabilities of its new cyber security solution Payment Controls, and our Name Screening solution for database screening against Sanctions and PEP records.

Evolving SWIFT’s Interfaces for the digital age

Everything  you need to know about SWIFT’s new cloud solution

Do you know everything about our new Alliance Cloud platform, with an enhanced offering for customers that are looking for a fully managed interface and connectivity to SWIFT?

If not, join this session to find out how day-to-day innovation at SWIFT is helping to transform our platform and create the services that you need for the future. We will also give you a sneak preview of the new interface with a best-in-class user experience.

Mandatory migrations

A smooth path to universal payment confirmations

To build a world where customers have certainty on all their payments, all financial institutions need to confirm payments. Credit confirmations enable financial institutions to provide full end-to-end status visibility for their payments, and therefore enhance the customer experience. Furthermore, integrated business processes increasingly rely on payment confirmations, and new value-added services, be they financial institutions’ or SWIFT’s, can be developed on top of tracked and confirmed payments.

It has therefore been decided to extend the benefits of the end-to-end tracking and payment confirmation to the entire SWIFT community. As part of the mandatory Standards Release 2020, all FIN users will be required to provide a status update to the Tracker on the outcome of their SWIFT customer payments (applies to all FIN users receiving MT103s).

This session will focus on the different channels, tools and solutions that will be available to help your institution become compliant with the timely provision of confirmations by the deadline. Come and join us to learn more!

TARGET Consolidation and ESMIG

What, when and how?

The Eurosystem has announced a major revamp of its Market Infrastructure services for November 2021. The T2-T2S consolidation project and the introduction of the Single Market Infrastructure Gateway (ESMIG) will force banks active in Europe to implement major changes in their payment infrastructures.

The usage of fully fledged ISO 20022, the move from  Y-copy to V-shape and the new connectivity and integration requirements will force financial institutions to revisit their entire payments chains, from the collection of payments, to the back office, treasury system, compliance engines up to the network connectivity. This session will help you understand what the challenges underlying this project are and how SWIFT can support you.

ISO 20022 migration

The customer journey

Embracing ISO 20022: a recommended roadmap to successful, on-time adoption of the new format of cross border payments.

The deadline for adoption of ISO 20022 is rapidly approaching, and it is much more than just a technology refresh. Join us to understand how your institution can scope, plan and execute this transition to achieve the best possible results.

ISO 20022

Migration tools and testing, CBPR+, translation and sandbox

Details of interoperability and readiness tools you can use to facilitate the adoption of ISO 20022 for cross border payments. 

Migrating payments and cash reporting to ISO 20022 requires transformative changes to applications, processes and interfaces as well as SWIFT products and services. Some transformations will be required in a near-term timeframe. Join us to discover what SWIFT is providing to facilitate adoption and interoperability ahead of, and during, the co-existence phase.

Cyber security and Compliance

The KYC Registry

Tackling KYC compliance with SWIFT’s industry standard platform

The Know Your Customer process is a burden for everyone involved. It is time-consuming, repetitive and extremely costly. While there have been numerous proposed solutions, many have been unable to deal with the complexity and were not fit for purpose. The SWIFT KYC Registry has been embraced by the Correspondent Banking community since its launch four years ago.

More than 5,500 financial institutions in over 200 countries and territories are using the Registry today to standardise KYC compliance and due diligence activities. Based on the success of the KYC Registry for Correspondent Banking, the same solution is being extended to cover the needs of corporates and their banks. Join this session to discover how the SWIFT KYC Registry enables banks to increase transparency and manage spiralling compliance costs and correspondent risk, and to discover the brand new offering for Corporates.

Cyber Threat Management Framework

The Cyber Threat Management Framework allows SWIFT to assess the current level of security, identify what security measures need to be enhanced and invested in and prioritize those investments based on the component and its exposure to threats. During the session the audience will get an overview on how SWIFT addresses the need for a framework to address the threat intelligence linked to existing controls.

Security in Alliance Gateway and Alliance Access

The lead developers of Alliance Gateway and Alliance Access will present the latest security features of these products. The audience will get an overview on how the correct implementation of these features will help to protect the STP and manual flows.

Challenge us so we can better challenge you

Where blues & reds improve each other’s performance

Blue team: protecting us from the cyber threats. Red team: emulating attackers. All in the same boat and facing the same storms. In this talk, we will illustrate, with concrete examples, how a dose of healthy competition between the red and blue teams can help both teams to get better and more efficient in their own role. Avoiding the blame game, each improvement introduced by one team is an incentive for the other to meet and surpass it, like the classical Nicholl vs. Barbicane competition in Jules Verne’s novels.

SWIFT’s Shared Infrastructure Programme - evolution to 2020

The SWIFT Shared Infrastructure Programme (SIP) lays out legal and financial eligibility criteria, as well as operational and security requirements that every Service Bureau must comply with in order to ensure reliable SWIFT connectivity for customers and counterparties alike.

Key takeaways from this session include:

  • an awareness of how SIP has evolved to adapt to changes in the cyber security risk landscape and to achieve harmonization with SWIFTs Customer Security Programme (CSP)
  • the main observations of SIP from our compliance assessments
  • key insights on the new SIP release planning, and the further evolution of the programme into 2020 and beyond

Customer Security Programme

CSCF and Policy v2020 changes and Independent Assessment Framework

Building on the CSCF v2019 and based our observations of the evolution of the cyber threat landscape, we will share and answer your questions what’s coming up next in the 2020 version of the security controls and in the associated CSP policy.
In addition, as of 2020, SWIFT will require all its users to have their self-attestations in the KYC-SA application to be supported by an independent external or internal assessment. This session will help you understand the rationale, process, timeline and requirements underpinning this community wide independent external or internal assessment.

If you play a role in your institution’s compliance with the CSP or in the independent assessment of this compliance, this is a session that you can’t miss.

CSCF and Policy v2020 changes and Counterparty cyber risk management 

Building on the CSCF v2019 and based our observations of the evolution of the cyber threat landscape, we will share and answer your questions what’s coming up next in the 2020 version of the security controls and in the associated CSP policy.

Also, a key challenge that banks face is how to access the cyber security posture of their counterparties and factor it into their cyber risk management framework. As you are only as strong as your weakest link, performing counterparty cybersecurity due diligence reviews is vital. During this session, we will offer tips on how to use and interpret cybersecurity data from counterparties within the financial services ecosystem. It provides suggestions on the recommended approach to governance, and on processes for sharing and integrating cybersecurity risk data into an institution’s existing risk management framework.

If you play a role in your institution’s compliance with the CSP or in the cyber risk management activities, this is a session that you can’t miss.

Cyber capabilities

From security capability introduction to sustainability (operational readiness), towards effectiveness monitoring. In a similar way to many other organizations, SWIFT has introduced a series of capabilities to improve prevention, detection, response and recovery. During this session, the audience will get an overview of how SWIFT is ensuring the effectiveness of its operations.