20170914 atelier universwiftnet innovation...2017/09/14 · apis, blockchain… new technologies...

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Second Universwiftnet workshop of the yearInnovation

/10/2017INTERNATIONAL TRADE and TRANSACTION BANKING

Page 3CREDIT AGRICOLE CIB � TRANSACTION BANKING - INNOVATION06/10/2017

• Full visibility• Real time• Right place, right time, right currency

• Real time• Security, centralization, optimization• Traceability, reconciliation

• Avoid mismatches between accounts and minimize interest paid• Net inflows and outflows• Centralize operations

• Monitor working capital• Optimize working capital• Secure my supply chain

• Easily exchange with my banking partners• One-stop shop for my needs• Security

• Optimize implementation• Comply with regulations• Get a clear and comprehensive view on my services and fees

• Get financing when I need at low costs• Optimize balance sheet• Optimize FX management

MANAGE MY CASH

MANAGE AND OPTIMIZE MY PAYMENTS AND COLLECTIONS

OPTIMIZE MY INTRA-GROUP TREASURY

SECURELY COMMUNICATE MY BANK

IMPROVE MY WORKING CAP AND OFFER FINANCING TO MY

SUPPLIERS TO MY SUPPLIERS

OPTIMIZE MY ADMINISTRATIVE TASKS

MANAGE MY RISKS (LIQUIDITY, FX, IR, COMMODITIES…)

Where is the market going?Innovations to address your pain points



Technology

Regulation/ Compliance

Risks

Change (M&A, Business models,

growth,…)

Optimization (Centralizatio, Standardizatio

n)

Environment (Counterparties/ Interest rates…)

Where is the market going?Your challenges



Where is the market going?Transaction Banking is fully focused on innovation to anticipate future disruptions and stakes

§ Convergence of « retail » et « corporate » needs

§ Convergence of « professional » and « personal » experiences

§ Digital « one-click » and « real-time » sales experience

§ Client knowledge / big data

§ Cloud computing§ Digitalization/Mobility/smart

devices/NFC § Artifical Intelligence, big data § Social networks§ Biometrics§ APIs, Blockchain…

New technologies

open new horizons

§ PSD2: new constraints, new players on the market, API’s

§ Basel IV / TRIM : aim atstrengthening banks robustnesswith different impacts on bankbusiness models

§ Sanctions / Fraud prevention / Reporting…

A flurry of regulations

with differentobjectives and

impacts

Fiercecompetition

among banksand new

players withnew value

propositions

§ Fierce competition among banks(SEPA, « commoditisation » of payments…)

§ New entrants: PSP, TPP§ Fintechs§ Sectorial leaders developing

banking offers (telco, retail…)§ GAFA

2.0 client needs with

convergence of retail and corporate

New offerslaunched by

banks and / or new players

§ Instant Payments (EPC)§ SWIFT gpi§ Wallets / e-commerce§ Authentication / security§ Data intelligence / advisory§ Electronic Bank Account

Management§ Bank Standard Billing

§ Interest Rate environment§ Commoditization of « basic »

and mass payments§ Counterparty risk§ Bank partnerships§ Non bank (fin tech…)

partnership

A challengingand fast-changing

environment



ISO 20022

INSTANT PAYMENTS

CRYPTOCURRENCIES

SWIFT GPI

EURO1999-2002

PSD12007-2009

PSD22015-2018VIRTUAL ACCOUNTS SEPAMAIL

BSB

EBAM

FRAUDPREVENTION

BIG DATA

DLT

API

AI & ROBOTICS

GDPR

REGULATION SERVICES TECHNOLOGY

Open & real time

banking

Legacybanking

Digitalbanking

SEPA

FINTECHS & INNOVATION

Where is the market going?New trends in the payment area



Rank Services Topics of Interest

DIGITAL BANKING

CRÉDIT AGRICOLE INNOVATION INITIATIVES

PSD2

Rank Technology Trends

OPEN BANKING INSTANT PAYMENT

OPEN API’S

BIG DATA & AI

VIRTUAL ACCOUNTS

BLOCKCHAIN

SWIFT GPI

FRAUD PREVENTION

BSB

EBAM



PAYMENT SERVICES DIRECTIVE 1

§ Creation of harmonized payment instruments (SCT and SDD) in order to allow consumers to pay all over Europe in a smooth and secured way

§ Payment market opening to new players

NEW USAGES DEMATERIALIZATIONCONSUMERPROTECTION

SECURITYLACK OF

HARMONIZATION

§ Developmentof new products and services non covered by PSD1

§ Growing use of electronicpaymentsthroughmobile

§ Legaluncertainties

§ Need to constantlyreinforcepaymentvalue chain

§ Domestictranspositions of PSD1

PAYMENT SERVICES DIRECTIVE 2

§ Extension of directive scope and stricter control of exclusions: • transactions in all currencies instead of euro for PSD1; • transactions to/from one of the 34 European countries instead for transaction within the 34 European countries for PSD1

§ Enhanced security on payment instruments§ New entrants (AISPs, PISPs and PIIS for payment instruments not linked to payment account)

2007PSD1 Publication

2009PSD1 Application

2015PSD2 Publication

January 2018Domestic Transpositions

2019RTS

RegulationFrom PSD1 to PSD2



This new regulatory text, applicable to all Client eBanking channels including Web, Mobile, Protocols, API, contains three main chapters

1. Security Measures for the Application of Strong Customer Authentication• Mandatory two-factor user authentication (knowledge, ownership, inherence)• Validation code must be linked to the AMOUNT and the PAYEE of the transaction/batch (Dynamic Linking)• All elements of strong customer authentication must be independent, so that the breach of one does not compromise

the reliability of the others• The creation, transmission, delivery of credentials must be done in a secured environment

2. Exemptions from Strong Customer Authentication • Some exemptions can be applied (for example for Transport payments)• Transaction Risk Analysis, including real time Anti-fraud monitoring must be developed to maintain any exemption

3. Common and Secure Open Standards of Communication (APIs)

WHAT ARE THE PSD2 REGULATORY TECHNICAL STANDARDS (RTS)?




ACQUISITION PROCESSING REPORTING

PROCESSINGACQUISITION REPORTING

The full payment chain from acquisition to reporting is managed by the bank

New actors/new channel

PISP (Payment Initiation Service Provider)• Access to the bank account through API• Value added services for the corporate• May choose most efficient banking routes

depending on conditions

AISP (Account Information Service Provider)• Access to the bank account through API• Offers value added services (account

aggregation, data analysis …)

BANKS

POTENTIEL POST PSD2

PSD1

POST PSD2 ECOSYSTEM: A NEW PARADIGM FOR PAYMENT INDUSTRY




Third-Party Providers* (TPP)

Account Information Service Provider (AISP)

Payment Initiation Service Provider (PISP)

AISP

§ Access to accountsdesignated by the client

§ Cannot requestsensitive data (personalizedsecurity data)

PISP

§ Does not collectfunds

§ Cannot modify anydata

TPP’S WILL COMMUNICATE WITH BANKS THROUGH API’SA TECHNICAL WAY OF DIGITALLY EXPOSING AND CONSUMING SERVICES

*TPP’s will be authorized andmonitored byadomesticauthority andthen benefit from European Passport

RegulationNew entrants in PSD2



OPERATIONAL

§ Impacts on fees, value date, execution time

§ Impact on IT, BO process, Legal, customer communication

COLLABORATION WITH NEWPLAYERS

§ PISP (Payment initiation service § Providers) § AISP (account information

service providers)§ New offers to customers, new

challenges for the bank

REGULATORY TECHNICALSTANDARDS (RTS)

§ Strong customer authentication rules

§ Anti-fraud monitoring§ Common and Secure Open

Standards of Communication

Deadline: January 2018 RTS Deadline: April 2019 or beyond

BANK APPROACH ON PSD2

Home

RegulationBank approach on PSD2



CA GROUPINTERNATIONALBUSINESSSOLUTIONS

IN A NUTSHELL

§ Increase treasury efficiencies§ Optimize your international payment flows§ Make your supplier relationship smoother

CURRENT INITIATIVES BENEFITS FOR YOUR COMPANY

§ 110 banks are members of the initiative and are implementing this new solution

§ Some banks are already live § Further enhancements in progress: file attachment,

payment report, payment recall, reconciliation based on DLT

§ Strong involvement of corporates (GPI ambassador)

The SWIFT global payments innovation (gpi) has been launched in order to improve banking offers forinternational transfers with the following core principles:

§ Transparency and predictability of fees,§ Same day use of funds,§ End-to-end payments tracking,§ Transfer of enriched payment information.

This project has started in 2016 and the first go-lives have taken place in 2017. The future vision will furtherengage the FinTech community, and explore the application of innovations such as real time payment statustracking, the use of peer-to-peer messaging and blockchain technology.

banks are members of the initiative110

SWIFT gpiIncreasing treasury efficiencies



Final status 14 SEPT 2017 – 10:30 PDT

CompletedCredited to beneficiary customer

Instructed amount Credited amount

485,000,00 USD à 484,930,00 USD

Deducts

70 USDSHA

Total duration

6hr 10min

Tracking number

3546553e-0967-4c5bfc56

Ordering customer Beneficiary customer

BIC: PEIJPJY

TOKYO JAPAN

PROFITABLE AND EFFICIENT FINANCIAL INSTITUTION

SIMPLY DELIGHTFUL BANK

BROKER DEALER OF ABSOLUTE PERFECTION

BIC: SWU8DEF

FRANKFURTGERMANY

SAVE WITH US BANK

à

14 SEPT 201717:25 JST

Senders’reference:55842225695888

Senders deducts: 20 USD





Senders’deducts: 10 USD

BIC: SDEBFRPP

PARIS FRANCE

BIC: BDAPUS33

NEW YORKUNITED STATES

à à

14 SEPT 2017 14 SEPT 20179:35 CET 14:45 CET

2hr 10min

à à

14 SEPT 2017 14 SEPT 201711:50 CET 14:10 CET

2hr 20min

à à

14 SEPT 2017 14 SEPT 20179:20 CET 10:30 CET

1hr 10min

A DEDICATED TOOL FOR BANKS TO IMPROVE YOUR INTERNATIONAL PAYMENT EXPERIENCE

SWIFT gpiDelivering a better customer experience

Foster collaborative innovation, identify new overlay services

§ Shift from ‘ego’ to ‘eco’: encourage FinTechcompanies to develop overlay services on top of gpi, together with banks

§ Customer challenges (examples): financial supply chain, trade documentation, STP, info to support compliance/sanctions screening

§ Global challenge, involving up to FinTechcompanies and banks

§ 2-day workshop Singapore 13-14 September

§ Two FinTechs winners: each 100,000 EUR, expert advice, exposure to banks, showcase at Sibos, develop concept in Proof of Value (three months, Q4 2017 - Q1 2018)

15SWIFT gpi - September 2017

SWIFT gpi Industry challenge

SWIFT gpi

p2p1

Improve core cross-border customer payment• Faster, same day use of funds*

• Transparency of fees • End-to-end payments tracking + credit

confirmation• Remittance information transferred

unaltered

Digital Transformation• New digital layer for cross-border

payments

• Payments intelligence at origination• Improved operational excellence for

banks and corporates• Combination of gpi p2 services delivers

full value

(*) within the time zone of the receiving gpi member

Collaborative innovation, by enabling third-party application development on top of p2 via open APIs

p2

Industry challenge

Home



18 countries live

Instant PaymentMany domestic Instant Payment systems already set up

Live




¡ Europe

¡ Switzerland - Implemented in 1987 operates 24/7, ISO20022 planned for 2018, system name is SIC

¡ Turkey – Implemented in 1992, operates 0830-1730, uses ISO20022, system name is TIC-RTGS

¡ Iceland - Implemented in 2000, operates 0900-1630, system name is Greiðsluveitan

¡ United Kingdom – Implemented in 2008, operates 24/7, utilises IS8583, system name is Faster Payments

¡ Poland – Implemented in 2012, operates 24/7, utilises IS20022, system name is Elixir Express

¡ Sweden – Implemented in 2012, operates 24/7, utilises IS20022, system name is BiR

¡ Denmark - Implemented in 2014, operates 24/7, utilises IS20022, system name is Nets




¡ Central & Latin America

¡ Brazil – Implemented in 2002, operates 0730-1700, utilises IS20022, system name is SITRAF

¡ Mexico – Implemented in 2004, system name is SPEI

¡ Chile – Implemented in 2008, operates 24/7, system name is TEF

¡ Africa

¡ South Africa – Implemented in 2006, operates 24/7, utilises IS8583, system name is RTC

¡ Nigeria – Implemented in 2011, operates 0800-1700, system name is NIP

¡ Asia Pacific

¡ Japan – Implemented in 1973, operates 0830-1640, utilises IS20022, system name is Zengin

¡ China – Implemented in 2010, operates 24/7, system name is IBPS

¡ Taiwan – Implemented in 2010, operates 24/7, system names is CIFS

¡ India – Implemented in 2010, operates 24/7, utilises IS8583, system name is IMPS

¡ Singapore – Implemented in 2014, operates 24/7, utilises IS20022, system name is FAST

¡ South Korea – Implemented in 2014, operates 24/7, utilises IS20022, system name is KFTC




§ Certainty: both ordering and beneficiary party are notified that payment is accepted or not by beneficiary bank

§ Irrevocability, once a payment has been initiated, it cannot be revoked

§ Improve e-commerce, with goods/services released against payment, thus decreasing the financial risk.

§ Reduce late payments and speed up the payment of invoices§ Improve cash flow and payment reconciliation process.§ Speed up check-out processes at a physical point-of-sale

IN A NUTSHELL

BENEFITS FOR YOUR COMPANY

SCT Inst is a new optional payment scheme driven by EPCand open to bank within SEPA.

All banks participating to the scheme:

§ Must receive SCTinst (to credit client account)§ May issue SCTinst (to debit client account )

This initiative is a complement to other initiatives (please referto the map on the upper slide)

CURRENT INITIATIVES

§ Most of the European CSM will open Instant Payment capability as of November 2017:

• EBA• STET• IBERPAY• And other

§ Banks will be ready to offer this service as of November 2017

Instant PaymentA new Euro payment scheme within SEPA



§ Non-commerce payments§ Commerce related pay for informal services

§ Expedited bill payments§ E-commerce payments / Online purchase of physical goods to be shipped later e.g., to complete

transactions at time of shipment / delivery§ POS payments (in countries where regulation has capped interchange rates)

§ Temporary / part-time employees wages§ Irregular payments from employer (e.g., payroll error collections)§ One off, low value government to person payments (e.g., jury duty stipend)§ Other one off payments from business / government to individuals (e.g., medical insurance

reimbursements)

§ Expedited inventory purchases, shipping§ Just in time payments to suppliers§ Expedited treasury payments§ One off governments agency payments to vendors§ Payment for acquisitions or capital good purchases

PERSON TO PERSON

PERSON TOBUSINESS

BUSINESS TOPERSON

BUSINESS TOBUSINESS

EXPERIENCES THAT COULD DRIVE ADOPTION OF INSTANT PAYMENT SYSTEMS

Home

Instant PaymentUse Cases

* Source: McKinsey, CACIB





§ Improve Days Sales Outstanding (DSO)

§ One single account that allows you to automatically monitor and reconcile the cash collected

§ One virtual account per client linked to the single account that allows us to provide you with your internal reference

§ Reconciliation automatically of setting in your ERP§ A comprehensive solution that works both for

domestic incoming payments and cross border incoming payments

§ A Virtual account IBAN is assigned to a dedicated customer§ The operation is transferred before end of the day on the current account

and keeps all its information

§ For each incoming payment, the internal payer reference (reconciliation key) is added on the bank account statement.

Automatic reconciliation rate100%

IN A NUTSHELL

Virtual AccountsReconcile automatically your receivables

CURRENT INITIATIVES

§ Virtual account offers (virtual IBAN)§ Virtual Account Management offers (dedicated

platform offer to corporates)§ Some banks are introducing Virtual accounts

for payments (Authorization matrix and limit management at VA level, a VA number is assigned to a Business Unit…)



Virtual AccountAccounts and liquidity Management


Virtual Accounts / Virtual IBANs

Virtual Account Management

§ One single account that allows you to automatically monitor and reconcile the cash collected

§ One virtual account (one virtual IBAN) per client linked to the single account that allows you to automatically identify your payers

§ A platform that allows to create, manage and monitor virtual accounts linked to one bank account

Corporate

Current Account Statement

DESCRIPTION CREDIT

123456789ABCDE +100

123456789FGHU +50

123456789KLMNO +30

ERP

+100 invoice/Client ABCDE

+50 invoice / Client FGHU

+30 invoice / Client KLMNO

You give to the bank your

internalreference for each of yourcustomers

6

The bankattributes a virtualIBAN to each of your customers

and manages the mapping with yourinternal reference

You send to your

customers the virtual IBAN where they

need to sendtheir

payments

You receive a bank

statementlisting all

collections with relevant

internalreference

Funds are transferred

before end of day on the

bank account

Virtual accounts

register the payments

Yourcustomerspay your

company atdue date

You canreconcile

automaticallyreceivables

based on internalreference

54321

Home

Bank





§ Control you banking fees more efficiently by using a standardized format

§ Easily compare your bank charges and review bank accounts that are managed by subsidiaries

§ Automatize and rationalize the follow-up processes and the control of your account conditions

§ Benefit from a simplified management of your account conditions (divisions, countries, regions…)

§ The Bank Service Billing (BSB) allows to ensure the transparency of bank services billing by implementing standards for the definition of fees and commissions charged by banks

§ BSB dematerialized statement increases the transparency, improves integration of data

and supports automation of controls on bank invoices§ Readiness of banks and software providers is increasing steadily. CFONB in FR has just

published a users manual for the ISO 20022 message

Standard banking services codes800

IN A NUTSHELL

Bank Service BillingTowards the transparency of bank fees

CURRENT INITIATIVES

§ Innovative solution to scrutinize every line item on your bank account analysis statements globally

§ Some Fintechs have launched platforms to automate the process of collecting bank fee information, monitoring these fees and compare against negotiated tarrifs.

§ Some TMS editors are also offering integration of these messages.

Home





§ Improve the productivity and save time for a better optimization of your internal resources

§ Adopt paperless attitude: dematerialize all your

communications with the bank§ Improve risk management approach

§ Manage easily and automatically the entire process linked to accounts:• Opening/closing• Maintenance

• Management of mandates• Bank reporting

§ XML: standardized messages for each event§ Increase the security thanks to secured exchanges

ISO 20022 XML messages*15

IN A NUTSHELL

Electronic Bank Account ManagementOptimize account and mandate management

§ eBam exchanges still very limited

§ eBam may benefit from initiatives around KYC digitalization

CURRENT INITIATIVES

* Source: SWIFT Home




§ Fraud rate on card payments still high mainly on e-commerce§ Companies face internal and external fraud risk§ Companies as well as banks are exposed to sanctions related to AML/anti-terrorism

regulations§ There are a lot of developments around digital identity and authentication to minimize risk of

fraud and secure company cash

IN A NUTSHELL

§ Avoid sanctions§ Reduced risks of fraud

§ Enhanced security systems with strong authentication

§ White list / black-list systems / enhanced IBAN, payment file controls

§ Comprehensive compliance controls with advisory approach with our clients

§ Use of big data analytic for fraud prevention


Fraud PreventionIncreased focused on fraud prevention

Of fraud target the CEO*59%

* Source: Euler Hermes Home




§ Digital banking means providing digital banking products and services available through different digital ways

§ More and more personal interactions pass through social networks, and the banking sector is today marked by the rise of mobile banking and dematerialization. The banking relationship becomes gradually digital and 2.0.

§ Banks are focusing more and more on digital with huge investments

§ While digital developments initially affected retail banking, the movement gained the CIB

§ Banks today accentuate the digital transformation, enabling the customer to carry out all his operations “digitally”


§ Access to your services through different devices§ Multi devices permit the multi-canal, the multi-

country and the real time § Improve the efficiency of your actions§ Simplify the relationship with your advisors

IN A NUTSHELL

Home

Digital BankingThe transformation for banks



of the world’s data today has been created in the last two years alone * 90%

§ Big Data refers to new technologies that can analyze high-volume, diverse data from traditional and digital sources inside and outside the company

§ Combined with artificial intelligence techniques, such as machine learning, Big Data analytics is the capacity to examine data or content to discover deeper insights, make predictions or generate recommendations

§ Computer systems to “think” or react like humans, to perform tasks that normally require human intelligence, such as visual perception, speech recognition, decision-making, and translation between languages

§ New opportunities are exploring around:• Customer knowledge• Compliance• Process optimization• Prediction of risk indices

§ Chatbots, email automatic processing, voice recognition…flow or email auto processing


§ Efficient and safer drilling decisions, greater operational efficiencies and risk reduction

§ Deepen customer’s expectation understanding and help us meet their needs in your best interest

IN A NUTSHELL

* Source: Quora 2016 Home

Big Data and Artificial IntelligenceRevolution of the banking industry




§ A blockchain is a distributed ledger composed of unalterable, digitally recorded transactions packaged in blocks.

§ Cryptographic mechanisms can ensure the security of the transaction data and the anonymity of its counterparts.

§ Transactions are archived and can be viewed online.§ Possibility to monitor all addresses through which transaction have been made.§ The latest versions of the technology allows the recording and undisputed execution of

autonomous Smart Contracts binding two counterparties within a Blockchain.

§ Two types of Blockchain on the market; public counterparts are known or private counterparts are unknown (DLT) both have interesting perspectives

§ Instant Cross boarder payment§ Trade Finance§ KYC initiatives§ Market infrastructures disruption


§ Efficient and seamless execution services whilst ensuring security and transparency

§ Secured business transactions

§ Blockchain technology is expected to impact many sectors

million USD raised by blockchain startups in 2015500

IN A NUTSHELL

BlockchainThe digital enabler



§ Facilitate cross boarder payment in any currency

§ Almost instantaneous transfers

§ Lower costs

CROSS BORDERTRANSFER

§ Secure changes between banks/FI/customers

§ Share the client information between banks

KYC

§ L/C§ Forfaiting§ Reverse Forfaiting§ SCF

TRADE FINANCE & SCF§ Manage all securities transactions with a private blockchain or shared with colleagues.

§ First issue of shares by the Nasdaqon a private Blockchain (January 2016).

§ Issue of bonds by Overstock.

BONDS

§ Fight against counterfeiting.§ Certified recording of documents.§ Blockverify: property management of

works of art, diamonds, luxury goods§ Ascribe: Intellectual Property Rights

Management

NOTARIZATION AND OBJECTMANAGEMENT

§ Blockchains dedicated to the management of identities, cadastresurveyance, patients ...

§ Factom: agreement for the management of the cadastre in Honduras.

§ Chain.com: private blockchains for all assets (Loyalty program, gift cards, mobile credit ...).

DATA MANAGEMENT

Home

BlockchainThe digital enabler




§ Originally, API (Application Programming Interface) refers to the common digital language that allows systems to communicate and exchange data

§ The explosive growth of Internet and its ubiquity has helped to converge towards some technical standards and to virtually connect easily and securely all businesses and individuals together

§ APIs are becoming a widely spread way to exchange business services (e.g. initiate payments, get market data, …)

§ API has moved from its initial technical meaning to be the privileged vehicle for making business

§ It’s the basic interface to digitally connect processes across organizations

§ Local APIs: the original API, created to provide operating system or middleware services to application programs

§ Web APIs: the common de facto technical standards that emerged from the web growth


§ Real Time § Extension to a full range of services beyond

payments§ Rich data exchanges§ PSD2-compliant security§ Full digital processing

IN A NUTSHELL

Open API’sA technical way of digitally exposing and consuming services



PISP

• Payment routing

• Value added services

AISP

• Generate aggregated reporting

• Value added services

Client send the payment file

Clearing systems

(STET, EBA, TARGET2)

ClientBanks

API

API

Beneficiarybank

1

CACIB as PISP forward the payment to the client bank

2

Client bank processthe payment

3

Beneficiarycredited

4

CACIB as AISP forwardthe reporting

6

CACIB as AISP receive the reporting from the client bank

5

Open API’sA technical way of digitally exposing and consuming services

Home



PRODUCTION DISTRIBUTION

Mixed model

Traditional Model

Open banking

The bank makes its own model evolve to provide new products / services / channels /technology from production to distribution and from own resources.Ex: banking portals, e-banking channels

The bank relies on selected partners (buy out or partnership) to provide new products / channels / services to customers. Ex : account information services and aggregation

The bank opens up its back office (by means of APIs) and integrates exogenous modules for production. It leaves its customers decide the interaction model for the distribution.Ex: corporate pension funds management

+

++

Home

Open bankingEvolution or revolution?



CA Store

DIGITAL LABS

By CACIB

• An open collaboration platform with startups and Fintechs• 41 M€ raised over the last two years• 7 startups into the Top 100 startups to invest – 2016 Challenges• 15 sites in France and others in CACIB entities (New York, London etc.)• Hosting more than 150 startups• Open innovation partnerships with selected clients

• 3 R&D Digital Labs at Evergreen• 1 Lab specifically focused on payments, based in Lyon

• The first platform for co-creation of banking services to be launched in France• Download useful, innovative, and secure applications to manage your budget• Participate in the creation of tomorrow's banking applications by integrating the C.A. Store

community: submit ideas, evaluate and comment on applications, etc.

• Innovation by Crédit Agricole CIB declined in 4 pillars• Market intelligence• Proofs of concept• Collaborative innovation• La ruche

HACKATHONS

• Several competitions for Innovation have been launched internally and externally around the banking sector

• “Hack the Office” on the AI and digital workspace• “Game the Bank” on the video games around the bank for customers• "Bank 4 Teens“ A playful and educational application for adolescents

Crédit Agricole Innovation Initiatives Giving access to a full-fledge digital eco-system



BIG DATA & AI

• Different group entities have launched an experiment to process cross border Payment including FX by using DLT solution

• Crédit Agricole is a member of CDC Labchain consortiums. CACIB is an active member of their experimentations (KYC, collateral management…).

• 4 internal experimentations are being carried out around Trade Finance, Securitization, and Syndicated Loans. 10 additional use cases have been identified.

• CACIB collaborates with other group entities to experiment on use cases around cross border payments and KYC.

• Crédit Agricole Group has joined GPI to define a new vision for International Payments, called the digital transition of cross-border payments.

• Crédit Agricole CIB, SWIFT and other banks are in close contact to work on this new challenge and on the next steps.

• 4 Proof of Concepts in progress, 2 with LaBchain and 2 internally• Credit Agricole Group has taken the initiative of introducing a Personal Data Charter, setting forth the

principles to be respected for the protection of our customers personal data • We are exploring the opportunities offered to improve our fraud detection, trading surveillance, credit risk

controls, client knowledge (360° Client)• MacroNow use of big data to make our market research more accurate

• 7,7 € billion euros devoted to the “Strategic Ambition 2020” plan of Crédit Agricole• The digitalization of the Crédit Agricole Group is the heart of our development• Crédit Agricole CIB dedicated teams to this ambitious project• Brand new a worldwide SCF platform

• Crédit Agricole Group has a long experience using internally API’s• CACIB is looking for opportunities to external partnerships • CACIB is working on the development of API’s in the framework of PSD2

SWIFT GPI

DIGITAL BANKING

BLOCKCHAIN

OPEN API’SHome

Crédit Agricole Innovation Initiatives Giving access to a full-fledge digital eco-system



© 2017, CRÉDIT AGRICOLE CORPORATE and INVESTMENT BANK All rights reserved.

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