© XMLdation 2013

XML Migration in practice in Global perspective

Juha Keski-Nisula, CEOJuha.keski-nisula@xmldation.com

© XMLdation 2013

XMLdation Company

• XMLdation=XML & Validation

• Finnish company, established 2009 – Offices in: Helsinki and Tampere– Representation in Brussels

• Mission: We support XML migration process and STP development especially in corporate-to-bank and bank-to-corporate communication

© XMLdation 2013

XMLdation Innovation

© XMLdation 2013

XMLdation Service

Planning

Implem

entation

TIME TIME TIME

Testing

saves 90% of time and money in testing phasequality assurancereduce project risk

Problems• Laborious testing to do manually• Time consuming process

© XMLdation 2013

XMLdationService

XMLdation Customers

Country Specific

© XMLdation 2013

Market (r)evolution

Mark

et

Siz

e

2020

Global

SEPAPayments

NON-EuroCountries

AccountStatements

Global Banks- Common Global Implementation

Financial Value Chain- e-Invoicing- FX- Securites- Trade Services. . .

ISO 20022 XML Is The Global Trend

How to speedup ?• Cooperation• Understanding possibilities

© XMLdation 2013

– Bank of America Merrill Lynch– Barclays– BBVA– BNP Paribas– BSK, Bankenes Standardiseringskontor– Citibank– Commerzbank AG– Danish Bankers Association– Danske Bank– Deutsche Bank– DnB NOR– HSBC– ING Bank– J.P.Morgan– Nordea Bank– Payments Council (UK)– Raiffeisen Bank International– Royal Bank of Scotland– Santander– SEB – Standard Chartered Bank– Sydbank A/S– UniCredit Bank

Financial Institution MembersIn total 35 FI members (Contributing & Observers)

7Common Global Implementation (CGI) initiative

© XMLdation 2013

– AITI– BBP– Bottomline Technologies– CBI Consortium– Exalog– Fiserv– Flux– General Electric– GXS– IKEA– Nasarius– Netilys Consulting– Nets– OpusCapita– PwC– SAP AG– Siemens– SIX Interbank Clearing – Sungard– SWIFT– TIS– Traxpay– UTSIT– Visma Software International AS– XMLdation– Zanders

Non-Financial Institution Members

In total 47 Non-FI members (Contributing & Observers)

8Common Global Implementation (CGI) initiative

© XMLdation 2013

XML Migration from Global Perspective

• Banks are global and their most important customers are global– Modern ERPs can be used around the world– Its more cost efficient for Corporates to support one standards instead

”country standards”

• But there are always exceptions because there have to be room for completion and new services– Even SEPA include country and

bank specific “ flavours”

• Manage this information is our Business

• Harvesting number of standards banks, corporates and ERP-vendors reach significant cost savings

© XMLdation 2013

© XMLdation 2013

Global ISO20022 XML Opens Doors for Innovation

Order to Cash and Purchase for payment• Information can be transformed and reused

– Interoperability enables several possibilities • E.g. Payment includes same elements than account statements

• This creates Realtime economy • 50% cut off for costs

– Automated Financial Administration • Information to tax authorizes

– Automatically processed account statements • account codes in Einvoices to process automatically account statements

– Realtime VAT calculation– Realtime Cash Forecasting and working capital report– and lots of other benefits

© XMLdation 2013

Thank YouQ&A ?