Slide 1: The Digital Bank - how will it transform Connectivity
Transaction Services The Digital Bank - how will it transform Connectivity René Schuurman, Global Product Manager of Connectivity Services at Citi
Slide 2: Introducing the speaker
Introducing the speaker René Schuurman Rene is the Global Product Manager of Connectivity Services at Citi. Mr. Schuurman has global product responsibility for all file and message based connectivity solutions for Citi Transaction Services within Citi. These include the use of EDI and messaging stan
Slide 3: The digital bank
The digital bank The objective Corporations should carefully consider the impacts of evolving trends in consumer and business payment habits and integrating end-to-end solutions. Today’s session will examine trends, best practices and provide a framework for overall working capital and efficiency op
Slide 4: Today’s environment
Today’s environment 1. Key Trends 2. Impact on Receivables and Payments Diminished Credit Employ a more integrated view of working capital Globalization management and look to manage DPO/DSO Digitization Broaden payments channels and methods in alignment with evolving market trends Chang
Slide 5: Channel Services
Channel Services Proven experience to clients, providing Flexible, Scalable, Global Technology Solutions CitiDirect is a global web-based Citi Connect for SWIFT provides electronic banking tool designed to full payment and reporting capabilities support global transaction services in a globally
Slide 6: Best practices – simplifying integration, onto the digital bank
Best practices – simplifying integration, onto the digital bank Support of industry standards for Security communications Entrust and custom TD Comm Press formats Build a true STP model, ERP S/MIME Integrator including; SWIFTNET Cash & Trade Security – Acknowledgement and PGP Communication statement
Slide 7: CitiConnect – host-to-host channel solutions
CitiConnect® – host-to-host channel solutions Citi offers automated solutions customised for unique needs - whether the interest may lie in a single module or in the complete CitiConnect® suite CitiConnect® for SWIFT Host-to-Host message & file solution based on SWIFTNet connectivity Treasury Pa
Slide 8: CitiConnect – the architecture
CitiConnect® – the architecture Support of industry standards for Security communications Entrust and custom TD Comm Press formats ERP S/MIME Integrator SWIFTNET Cash & Trade Security Communication PGP Protocols Processing/Routing Wholesale Cards Single FTP Enrichment Unparalleled Connectivity SFTP
Slide 9: Citi’s Global Processor
Connectivity and integration through CitiConnect CitiConnect enables the exchange of data between you and Citi in a multitude of ways, offering the same service and client experience via different channels Message and file based processing FIN/FileAct Payments & Account Statements MT101/210 Europe M
Slide 10: Making ISO 20022 XML a success - Citi’s experience
Making ISO 20022 XML a success - Citi’s experience Citi is a market leader, with over 131 global clients already live making 1MM payments across 84 countries, and an rapidly Experience: increasing pipeline. Our experience is that XML is much more than just SEPA Citi has unrivalled coverage across 90
Slide 11: ISO 20022 XML – Citi global availability for v2 and v3
ISO 20022 XML – Citi global availability for v2 and v3 CEEMEA N. America W. Europe Algeria Live Canada Live Austria Live Bulgaria Live US Live Belgium Live Czech Republic Live Denmark Live LATAM Egypt Live Finland Live Argentina Live Gabon Live France Live Brazil Live Hungary Live Germany Live Chile
Slide 12: Citi’s ERP Integrator: accelerated banking integration
Citi’s ERP Integrator: accelerated banking integration Solution designed to significantly reduce the resource and timing impact of completing an automated banking integration project with Citi The Integration Challenge The Challenge Connecting to your bank can be a challenge especially when consid
Slide 13: SAP Financial Services Network
SAP Financial Services Network Financial Services Network Services eStore networks SAP ERP & Treasury Apps Maintenance Remitance Analytics Tracking Account Other… Content Back Office Systems Payments, Trade, Other Platform Multi-bank Visibility & Mappings routing Monitoring Corporates Security, Conn
Slide 14: SAP… in their own words
SAP… in their own words Citi engaged with FSN in August of 2011. First public announcement of FSN solution April 2012 Officially launched at Sapphire in Madrid this month Co-innovation program under way with Financial Institutions and Corporates 14
Slide 15: Citi Straight Through Reconciliation
Citi Straight Through Reconciliation STR can be improved across multiple dimensions through increased use of bank information to support automation Financial Reconciliation Operational Reconciliation Achieving accurate reconciliation of bank Checking all initiated transactions (payments / DDs) s
Slide 16: eBAM – electronic Bank Account Management
eBAM – electronic Bank Account Management eBAM automates and streamlines Bank Account Management process via new technology and Digital Identity Standard (2012) Premier (Live) XML (pilot testing) Citi web front-end Citi web front-end Vendor web front-end, Safeword Token Digital Signature S
Slide 17: Citi - Digital Identity Standards
Citi - Digital Identity Standards Citi continues to lead the market in providing digital identity solutions to help corporates increase security for authorizing payments and reduce the requirement for paper based documentation PKI-based PKI-based Swift is Certificate Authority Member banks a
Slide 18: Citi’s competitive connectivity advantage
Citi’s competitive connectivity advantage Global banking integration solutions that Best in class Global support both choice and ease of access. Integration Model to meet your needs. Blended solution options that support efficient centralised Electronic Banking technical and decentralised op
Slide 19: Questions
Thank you for your time today Questions
Slide 20: Thank you
Thank you Hubert J.P. Jolly Citibank – CTS Global Head of Channel & Enterprise Services +1 212 816 7037 Hubert.jolly@citi.com René Schuurman Citibank - CTS Global Product Manager, Connectivity Services +1 312 876 3383 rene.schuurman@citi.com
Slide 21: efficiency, renewable energy and mitigation
IRS Circular 230 Disclosure: Citigroup Inc. and its affiliates do not provide tax or legal advice. Any discussion of tax matters in these materials (i) is not intended or written to be used, and cannot be used or relied upon, by you for the purpose of avoiding any tax penalties and (ii) may have bee