© XMLdation 2013 XML Migration in practice in Global perspective Juha Keski-Nisula, CEO [email protected]
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© XMLdation 2013
XML Migration in practice in Global perspective
Juha Keski-Nisula, CEO [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 Innovation
© XMLdation 2013
XMLdation Service
TIME TIME TIME
saves 90% of time and money in testing phase quality assurance reduce project risk
Problems • Laborious testing to do manually • Time consuming process
© XMLdation 2013
XMLdation
Service
XMLdation Customers
Country Specific
© XMLdation 2013
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 Members In total 35 FI members (Contributing & Observers)
7 Common 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)
8 Common 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 You
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