Value proposition for banks Grow volumes Reduce cost Lead innovation • Offer distinctive payments service • Lower network management cost, • Reputational benefit • Retain and attract new customers avoid proprietary connections in • Leader in global payments • Protect and grow transaction non-strategic countries, access innovation volumes global quality network • Comply with regulation • Enhanced compliance practices (Dodd-Frank, PSD2, …) • Optimised intraday liquidity flows • Sell payments services to third • Increased straight through parties processing The global payments innovation initiative - May 2016 9