Crypto Currency

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<ul><li><p>SWIFT Business Forum New York - 3 Mar 2015 1 </p><p>Crypto-currency Plenary </p><p>Wim </p><p>Raymaekers </p><p>SWIFT </p><p>Marc </p><p>Hochstein </p><p>Houman </p><p>Shadab </p><p>American Banker </p><p>@MarcHochstein </p><p>New York </p><p>Law School </p><p>@HoumanShadab </p><p>Could new entrants and crypto-protocols threaten the </p><p>correspondent banking model? </p><p>#BFNewYork </p><p>Cheryl </p><p>Gurz </p><p>BNY Mellon </p></li><li><p>SWIFT Business Forum New York - 3 Mar 2015 2 </p><p>Agenda </p><p> Introduction </p><p> Panel discussion </p><p> Q&amp;A </p><p>A</p><p>G</p><p>E</p><p>N</p><p>D</p><p>A</p></li><li><p>SWIFT Business Forum New York - 3 Mar 2015 3 </p></li><li><p>Where do we come from, where do we go to? </p><p>SWIFT Business Forum New York - 3 Mar 2015 4 </p><p>1970s </p><p>Automation </p><p>SWIFT </p><p>1990s </p><p>Efficiency </p><p>GTB </p><p>2010s </p><p>Simplicity </p><p>Consumer </p><p>1.0 </p><p>Correspondent </p><p>banking </p><p>2.0 </p><p>Transaction </p><p>banking </p><p>3.0 </p><p>Experience </p><p>banking </p><p>4.0 </p><p>? </p><p>2020s </p><p>Source: Correspondent banking 3.0 white paper, available from swift.com </p></li><li><p>5 mega trends impacting correspondent banking </p><p>SWIFT Business Forum New York - 3 Mar 2015 5 </p><p>Real time </p><p>Open Access </p><p>Compliance </p><p>Off the wire </p><p>Growth </p></li><li><p>New entrants pitching for bank business </p><p>SWIFT Business Forum New York - 3 Mar 2015 6 </p><p>Over 50% of Delegates Surveyed at SIBOS Say Correspondent </p><p>Banking is Unsuitable for Payment </p><p>Values of Less Than $1,000 26% said current correspondent banking model is </p><p>unsuitable for making payments of less than $50,000 </p><p>Provides global switch for cross border transfers </p></li><li><p>Is correspondent banking under threat? </p><p>SWIFT Business Forum New York - 3 Mar 2015 7 </p><p>Local bank Local bank </p><p>PSP PSP </p><p>ACH ACH </p><p>GTB GTB </p><p>End customer </p><p>(retail, SME, corp) </p><p>End customer </p><p>(retail, SME, corp) </p><p>Correspondent Banking </p><p>Transfer </p><p>Agent </p><p>Transfer </p><p>Agent </p></li><li><p>Open access to 3rd parties via APIs </p><p>SWIFT Business Forum New York - 3 Mar 2015 8 </p><p>Source: Mark Buitenhek at Think Forward. Act now The Future of Payments congress, November 2014 </p></li><li><p>SWIFT Business Forum New York - 3 Mar 2015 9 </p></li><li><p>SWIFT Business Forum New York - 3 Mar 2015 10 </p><p>Panel discussion </p><p>Regulation </p><p>Impact </p><p>U.S. landscape </p><p>Opportunities </p></li><li><p>SWIFT Business Forum New York - 3 Mar 2015 11 </p><p>Crypto-currency Plenary </p><p>Wim </p><p>Raymaekers </p><p>SWIFT </p><p>Marc </p><p>Hochstein </p><p>Houman </p><p>Shadab </p><p>American Banker </p><p>@MarcHochstein </p><p>New York </p><p>Law School </p><p>@HoumanShadab </p><p>Could new entrants and crypto-protocols threaten the </p><p>correspondent banking model? </p><p>#BFNewYork </p><p>Cheryl </p><p>Gurz </p><p>BNY Mellon </p></li><li><p>Q&amp;A </p><p>? </p><p>SWIFT Business Forum New York - 3 Mar 2015 12 </p></li></ul>