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Network Services<br />

<strong>SIAnet</strong> <strong>for</strong> <strong>SEPA</strong><br />

<strong>The</strong> <strong>privacy</strong> <strong>compliant</strong> <strong>network</strong><br />

<strong>for</strong> <strong>the</strong> <strong>European</strong> Community


SIA-SSB: <strong>the</strong> Banks’ partner <strong>for</strong><br />

<strong>SEPA</strong><br />

SIA-SSB is <strong>the</strong> trustworthy IT partner<br />

working toge<strong>the</strong>r with Banks to<br />

undertake <strong>the</strong> <strong>SEPA</strong> challenge, by<br />

means of innovative and reliable<br />

solutions.<br />

Each and every <strong>European</strong> Bank knows<br />

that SIA-SSB is <strong>the</strong> EBA technological<br />

partner <strong>for</strong> STEP2, only few banks<br />

are aware that <strong>the</strong> STEP2 plat<strong>for</strong>m<br />

is natively multi<strong>network</strong>, and, since<br />

2003, reachable through SWIFTNet<br />

and <strong>SIAnet</strong>.<br />

<strong>SIAnet</strong> goes Europe<br />

Since 2003 many Banks have<br />

leveraged <strong>SIAnet</strong> <strong>for</strong> CREDEURO<br />

payments in STEP2. Today <strong>SIAnet</strong> is<br />

available to all Banks in Europe, to<br />

transfer <strong>SEPA</strong> instruments (SCT and<br />

SDD) across <strong>the</strong> <strong>European</strong> financial<br />

community.<br />

Back in 1986 SIA deployed on its<br />

<strong>network</strong> <strong>the</strong> Italian Interbank Network<br />

to pave <strong>the</strong> way to <strong>the</strong> payment<br />

systems automation, allowing all<br />

<strong>the</strong> <strong>the</strong>n existing Italian banks to be<br />

connected electronically.<br />

After <strong>the</strong> automation of <strong>the</strong> Italian<br />

payment system, <strong>SIAnet</strong> has<br />

easened <strong>the</strong> automation of <strong>the</strong><br />

trading activities on <strong>the</strong> Italian Stock<br />

Exchange first and <strong>the</strong> Government<br />

Bond Market MTS and <strong>the</strong> Interbank<br />

Money Market e-MID <strong>the</strong>reafter.<br />

Today <strong>SIAnet</strong> manages 366 <strong>network</strong><br />

connections to <strong>the</strong> Italian financial<br />

institutions and more than 245<br />

connection to financial institutions<br />

in Europe, connecting <strong>the</strong> remote<br />

members in 22 countries to <strong>the</strong><br />

above mentioned trading plat<strong>for</strong>ms.<br />

<strong>SIAnet</strong> <strong>for</strong> EBA-STEP2<br />

EBA STEP 2<br />

EURO BANKING ASSOCIATION<br />

<strong>SIAnet</strong><br />

DIRECT<br />

PARTICIPANT BANK<br />

DIRECT<br />

PARTICIPANT BANK<br />

EBA STEP2<br />

CENTRAL SYSTEM<br />

SWIFTNet<br />

INDIRECT<br />

PARTICIPANT BANK<br />

DIRECT<br />

PARTICIPANT BANK


Network Services<br />

<strong>SIAnet</strong>: <strong>the</strong> <strong>privacy</strong> <strong>compliant</strong><br />

<strong>network</strong><br />

<strong>SIAnet</strong>: <strong>the</strong> solution <strong>for</strong> <strong>the</strong> whole<br />

financial industry<br />

<strong>SIAnet</strong> <strong>for</strong> <strong>SEPA</strong><br />

<strong>The</strong> <strong>privacy</strong> <strong>compliant</strong><br />

<strong>network</strong><br />

<strong>for</strong> <strong>the</strong> <strong>European</strong><br />

Community<br />

<strong>SIAnet</strong> guarantees a full compliance<br />

with respect to <strong>the</strong> EU data<br />

protection directives 95/46/EC<br />

and 2002/58/EC, and subsequent<br />

resolution of <strong>the</strong> <strong>European</strong><br />

Parliament requesting <strong>the</strong> <strong>European</strong><br />

payment system to comply with<br />

<strong>the</strong> data protection laws. Thanks<br />

to its peer-to-peer architectural<br />

design that requires <strong>the</strong> financial<br />

institutions intervention to access<br />

<strong>the</strong> transaction data stored on <strong>the</strong><br />

equipment in <strong>the</strong> customer premises,<br />

SIA-SSB cannot access or distribute<br />

<strong>the</strong> content of <strong>the</strong> transactions<br />

carried, without its customers <strong>for</strong>mal<br />

approval.<br />

<strong>SIAnet</strong>: <strong>the</strong> technological<br />

leadership<br />

<strong>SIAnet</strong> means several different<br />

<strong>network</strong> services, <strong>the</strong>se can be<br />

grouped into two main categories<br />

<strong>the</strong> connectivity services and <strong>the</strong><br />

messaging services.<br />

Those are designed and managed<br />

according to <strong>the</strong> customers business<br />

needs addressing all <strong>the</strong> technical<br />

features needed in <strong>the</strong> financial<br />

industry:<br />

:: high value and retail payments<br />

:: cards processing<br />

:: securities trading and settlement<br />

:: trade finance<br />

:: and all <strong>the</strong> custom designed<br />

services <strong>for</strong> <strong>the</strong> Bank infra-group<br />

<strong>network</strong> services.<br />

<strong>SIAnet</strong> vision: a trusted solution<br />

to let business think business<br />

To address Straight Through<br />

Processing communication from<br />

trading to settlement of both cash<br />

and securities, offering <strong>network</strong><br />

solutions <strong>for</strong> cards and trade finance.<br />

In order to address all <strong>the</strong>se needs<br />

<strong>SIAnet</strong> supports all <strong>the</strong> most common<br />

messaging standards, such as: FIX,<br />

SWIFT MTxxx, RNI, ISO 20022 XML.<br />

<strong>SIAnet</strong> is a state-of-<strong>the</strong>-art <strong>network</strong><br />

that exploits <strong>the</strong> full capabilities of<br />

<strong>the</strong> MPLS broadband technology,<br />

including <strong>the</strong> multi-protocol IP<br />

<strong>network</strong> functionalities.<br />

<strong>SIAnet</strong> keeps evolving over <strong>the</strong> time<br />

in a continuous strive <strong>for</strong> innovation<br />

providing its customers with best of<br />

breed technologies and guaranteeing<br />

<strong>the</strong> highest per<strong>for</strong>mance <strong>for</strong> reliability<br />

and availability. In 2006 <strong>SIAnet</strong> has<br />

handled over 8,000 billions bytes,<br />

with a 99.99% <strong>network</strong> availability.<br />

<strong>The</strong> underlying vision <strong>for</strong> <strong>the</strong><br />

messaging and connectivity services<br />

is to offer an integrated approach, that<br />

means:<br />

:: an overall responsibility: covering<br />

provisioning, management,<br />

maintenance and continuous<br />

monitoring<br />

:: a one-stop shop <strong>for</strong> <strong>the</strong> provisioning<br />

of all <strong>the</strong> <strong>SIAnet</strong> equipment needed<br />

:: a multi-carrier <strong>network</strong> to realise<br />

high availability solutions<br />

:: a single help desk <strong>for</strong> all <strong>the</strong><br />

customer care requests<br />

:: full service management and<br />

monitoring twenty4ever (24x365)<br />

:: business continuity enabler.<br />

In SIA-SSB vision, continuous <strong>network</strong><br />

availability, secure communication<br />

and full resiliency are cornerstone <strong>for</strong><br />

<strong>the</strong> good functioning of <strong>the</strong> financial


<strong>SIAnet</strong>: THE SOLUTION FOR THE WHOLE FINANCIAL INDUST RY<br />

<strong>SIAnet</strong><br />

CONNECTIVITY<br />

MESSAGING SERVICES<br />

system, and thanks to <strong>SIAnet</strong> <strong>the</strong><br />

financial institutions are relieved from<br />

<strong>the</strong> technological concern of <strong>network</strong><br />

set up and management.<br />

<strong>SIAnet</strong> Domain: segregated<br />

services on shared infrastructure<br />

Multiple dedicated domain can be<br />

defined over <strong>SIAnet</strong>, that allows to<br />

create <strong>for</strong> each domain a segregated<br />

<strong>network</strong>, while <strong>the</strong> financial<br />

institutions can benefit of a single<br />

shared <strong>network</strong> infrastructure.<br />

Each domain has its own rules and<br />

handles <strong>the</strong> appropriate connectivity<br />

and messaging services.<br />

<strong>The</strong> services and <strong>the</strong> membership<br />

are defined at <strong>the</strong> level of <strong>the</strong><br />

domain master. Examples of existing<br />

<strong>SIAnet</strong> Domain are: Italian Interbank<br />

INTERBANKING<br />

TRADING (e.g. MTSs)<br />

PAYMENTS / SECURITIES<br />

CARDS<br />

PUBLIC ADMINISTRATION<br />

CORPORATE BANKING (CBI)<br />

Network, EBA STEP2, Interbank<br />

Corporate Banking, MTS, e-MID.<br />

Messaging services: a full range<br />

of services<br />

In order to address <strong>the</strong> different<br />

business requirements over <strong>the</strong> time<br />

SIA has created three messaging<br />

services:<br />

:: Message Switching<br />

:: File Transfer<br />

:: Transactional<br />

Each messaging service leverages<br />

<strong>the</strong> same value added features of<br />

<strong>SIAnet</strong>:<br />

:: peer to peer infrastructure to<br />

guarantee data security and<br />

confidentiality<br />

:: native data compression to reduce<br />

<strong>the</strong> cost of data transfer<br />

:: notarisation and time-stamping<br />

<strong>for</strong> a <strong>for</strong>mal time-control of data<br />

transmission<br />

:: garanteed data delivery<br />

:: <strong>SIAnet</strong> gateways support multiple<br />

operating system (IBM Mainframe,<br />

Linux, AIX, HP UNIX)<br />

:: a single point of contact <strong>for</strong> all <strong>the</strong><br />

customer care requests<br />

:: full service management and<br />

monitoring twenty4ever (24x365).<br />

<strong>The</strong> Message Switching Service<br />

<strong>The</strong> Message Switching Service (MSS)<br />

allows <strong>the</strong> interchange of electronic<br />

messages between users.<br />

Basically, <strong>the</strong> Message Switching<br />

Service can be compared to <strong>the</strong><br />

exchange of SMS messages between<br />

telephone users, but in this case<br />

<strong>the</strong> exchange is between bank<br />

applications that use <strong>the</strong> messages<br />

<strong>for</strong> specific purposes such as a bank<br />

transfer between two accounts in two<br />

different banks.<br />

<strong>The</strong> MSS Service guarantees <strong>the</strong><br />

message delivery to <strong>the</strong> addressee in<br />

<strong>the</strong> same chronological order as <strong>the</strong><br />

sender issued <strong>the</strong>m, and also ensures<br />

prompt delivery with au<strong>the</strong>ntication,<br />

recording and delivery confirmation<br />

functions.<br />

<strong>The</strong> File Transfer Service<br />

<strong>The</strong> File Transfer Service (FTS) allows<br />

<strong>the</strong> interchange of files carrying ei<strong>the</strong>r<br />

bulked instructions or electronic<br />

documents between users.<br />

Basically, <strong>the</strong> File Transfer Service<br />

can be compared to an e-mail service<br />

in which <strong>the</strong> users, prepare files and<br />

send <strong>the</strong>m to <strong>the</strong> FTS service.<br />

<strong>The</strong> FTS service, as well as<br />

guaranteeing delivery of accepted<br />

files to addressees, also has


au<strong>the</strong>ntication, recording, compression<br />

and delivery confirmation functions.<br />

<strong>The</strong> Transactional Service<br />

<strong>The</strong> Transactional Transport Service<br />

(TRS) allows immediate transactions<br />

exchange between users in an<br />

interactive synchronous way.<br />

Basically, <strong>the</strong> Transactional Transport<br />

Service can be compared to a<br />

telephone conversation between two<br />

users who want to agree on a certain<br />

activity, but in this case <strong>the</strong> users are<br />

bank applications, one of which – <strong>for</strong><br />

example – wants to know immediately<br />

if <strong>the</strong> o<strong>the</strong>r is interested in <strong>the</strong> quote<br />

on <strong>the</strong> listing. <strong>The</strong> main feature<br />

<strong>SIAnet</strong>: ONE-STOP-SHOP APPROACH<br />

of this service is its processing<br />

speed; indeed <strong>SIAnet</strong> transactional<br />

services are widely used in <strong>the</strong> cards<br />

authorisation and in <strong>the</strong> trading<br />

activities, where <strong>the</strong> time is a critical<br />

success factor.<br />

Connectivity services:<br />

an integrated approach<br />

For <strong>the</strong> connectivity services in line<br />

with <strong>SIAnet</strong> integrated approach,<br />

Banks will benefit of:<br />

:: a single <strong>network</strong> to reach <strong>the</strong><br />

multiple business counterparties<br />

across Europe<br />

:: a single IT partner <strong>for</strong> <strong>the</strong> design<br />

of customised <strong>network</strong> solution<br />

:: a single contract <strong>for</strong> <strong>the</strong> overall<br />

provisioning: bandwidth, routers,<br />

firewalls and switches<br />

:: a guarantee of resilience in line<br />

with customer needs, enabled by<br />

a multi-carrier architecture and <strong>the</strong><br />

possibility to get redundancy <strong>for</strong><br />

each component<br />

:: a highly secure <strong>network</strong> that uses<br />

also cryptography<br />

:: a smooth bandwidth scalability<br />

(from 128KB to 10 MB)<br />

:: a multi-protocol architecture to<br />

support both TCP-IP and SNA<br />

:: a flexible connectivity offering<br />

to support <strong>the</strong> most stringent<br />

disaster recovery and business<br />

continuity requirements.<br />

CENTRAL<br />

NETWORK<br />

MONITORING<br />

SW APPLICATIONS BANK Y<br />

EAS (PS)<br />

FEMS<br />

BACK UP<br />

PHYSICAL<br />

NETWORK<br />

FEMS<br />

EAS (PS)<br />

BACK UP<br />

SW APPLICATIONS BANK Y<br />

SIA-SSB<br />

DIRECT SERVICE<br />

PROVISIONING<br />

SIA-SSB <strong>network</strong> expertise is<br />

provided to complement all <strong>the</strong><br />

connectivity services with:<br />

:: full service management and<br />

monitoring twenty4ever (24x365)<br />

:: a single help desk <strong>for</strong> all customer<br />

care requests<br />

:: specialised consultancy <strong>for</strong><br />

custom designed <strong>network</strong><br />

solutions.<br />

<strong>SIAnet</strong>: a trustworthy choice<br />

<strong>for</strong> Europe<br />

SIA-SSB is your trustworthy IT<br />

partner <strong>for</strong> <strong>the</strong> management of highly<br />

competitive <strong>network</strong> services, taking<br />

care of all technical issues, in order<br />

to let you concentrate on your core<br />

business.<br />

Do not worry about infrastructure and<br />

connectivity issues, stay focused on<br />

business.<br />

Do not worry about data confidentiality,<br />

get <strong>the</strong> <strong>privacy</strong> <strong>compliant</strong> <strong>network</strong>.


SIA-SSB S.p.A.<br />

Via T. Taramelli, 26<br />

20124 Milano, Italy<br />

T +39.02.6084.3655<br />

info@siassb.eu

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