© XMLdation 2013
XML Migration in practice in Global perspective
Juha Keski-Nisula, [email protected]
© 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 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
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
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
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