The global payments innovation initiative (gpii) Open model Operational quality Global payments innovation initiative (gpii) Global reach provided by banks connected to domestic payments systems SLA rulebook Bank access channels with customer at centre Bank access channels of value proposition SWIFT for corporates SWIFT for corporates Smart collaboration (e.g. enhanced compliance practices, optimised intraday liquidity flows) Bank access channels Embrace innovation Bank access channels Domestic payment systems (e.g. peer-to-peer messaging, Domestic payment systems SWIFT real time settlement mechanism) SWIFT Accessible by Reach any bank any bank Differentiate vs Still reach non-gpii banks Existing SWIFT messaging non-gpii banks The global payments innovation initiative - May 2016 6