SIAnet for SEPA The privacy compliant network for the European ...

Network ServicesSIAnet for SEPAThe privacy compliant networkfor the European Community

Network ServicesSIAnet for SEPAThe privacy compliantnetworkfor the EuropeanCommunitySIA-SSB: the Banks’ partner forSEPASIA-SSB is the trustworthy IT partnerworking together with Banks toundertake the SEPA challenge, bymeans of innovative and reliablesolutions.Each and every European Bank knowsthat SIA-SSB is the EBA technologicalpartner for STEP2, only few banksare aware that the STEP2 platformis natively multinetwork, and, since2003, reachable through SWIFTNetand SIAnet.SIAnet goes EuropeSince 2003 many Banks haveleveraged SIAnet for credit transfersin Euro in STEP2. Today SIAnet isavailable to all Banks in Europe, totransfer SEPA instruments (SCT andSDD) across the European financialcommunity.Back in 1986 SIA-SSB deployedon its network the Italian InterbankNetwork to pave the way to thepayment systems automation,allowing all the then existing Italianbanks to be connected electronically.After the automation of the Italianpayment system, SIAnet haseasened the automation of thetrading activities on the Italian StockExchange first and the GovernmentBond Market MTS and the InterbankMoney Market e-MID thereafter.Today SIAnet manages 465 networkconnections to the Italian financialinstitutions and more than 240connection to financial institutionsin Europe, connecting the remotemembers in 22 countries to theabove mentioned trading platforms.

SIAnet: the privacy compliantnetworkSIAnet guarantees a full compliancewith respect to the EU dataprotection directives 95/46/ECand 2002/58/EC, and subsequentresolution of the EuropeanParliament requesting the Europeanpayment system to comply withthe data protection laws. Thanksto its peer-to-peer architecturaldesign that requires the financialinstitutions intervention to accessthe transaction data stored on theequipment in the customer premises,SIA-SSB cannot access or distributethe content of the transactionscarried, without its customers formalapproval. SIAnet: the solution for the whole SIAnet vision: a trusted solutionfinancial industryto let business think businessSIAnet means several different The underlying vision for the network services, these can be messaging and connectivity servicesgrouped into two main categories is to offer an integrated approach, thatthe connectivity services and the means:messaging services.:: an overall responsibility: coveringThose are designed and managed provisioning, management,according to the customers business maintenance and continuousneeds addressing all the technical monitoringfeatures needed in the financial :: a one-stop shop for the provisioningindustry:of all the SIAnet equipment needed:: high value and retail payments :: a multi-carrier network to realise :: cards processinghigh availability solutions:: securities trading and settlement :: a single help desk for all the:: trade financecustomer care requests:: and all the custom designed :: full service management andservices for the Bank infra-group monitoring twenty4ever (24x365)network services.:: business continuity enabler.SIAnet: the technologicalleadership To address Straight ThroughProcessing communication fromtrading to settlement of both cashand securities, offering networksolutions for cards and trade finance.In order to address all these needsSIAnet supports all the most commonmessaging standards, such as: FIX,SWIFT MTxxx, RNI, ISO 20022 XML.SIAnet is a state-of-the-art networkthat exploits the full capabilities ofthe MPLS broadband technology,including the multi-protocol IPnetwork functionalities.SIAnet keeps evolving over the timein a continuous strive for innovationproviding its customers with best ofbreed technologies and guaranteeingthe highest performance for reliabilityand availability. In 2007 SIAnet hashandled over 10,300 billions bytes,with a 99.99% network availability.

SIA-SSB has created three messagingservices::: Message Switching:: File Transfer:: Transactional Each messaging service leveragesthe same value added features ofSIAnet::: peer to peer infrastructure toguarantee data security andconfidentiality:: native data compression to reducethe cost of data transfer:: notarisation and time-stampingfor a formal time-control of datatransmission:: garanteed data delivery:: SIAnet gateways support multipleoperating system (IBM Mainframe,Linux, AIX, HP UNIX):: a single point of contact for all thecustomer care requests:: full service management andmonitoring twenty4ever (24x365).In SIA-SSB vision, continuous networkavailability, secure communicationand full resiliency are cornerstone forthe good functioning of the financialsystem, and thanks to SIAnet thefinancial institutions are relieved fromthe technological concern of networkset up and management.SIAnet Domain: segregatedservices on shared infrastructureMultiple dedicated domain can bedefined over SIAnet, that allows tocreate for each domain a segregatednetwork, while the financialinstitutions can benefit of a singleshared network infrastructure.Each domain has its own rules andhandles the appropriate connectivityand messaging services.The services and the membershipare defined at the level of thedomain master. Examples of existingSIAnet Domain are: Italian InterbankNetwork, EBA STEP2, InterbankCorporate Banking, MTS, e-MID.Messaging services: a full rangeof servicesIn order to address the differentbusiness requirements over the timeThe Message Switching ServiceThe Message Switching Service(MSS) allows the interchange ofelectronic messages between users.Basically, the Message SwitchingService can be compared to theexchange of SMS messages betweentelephone users, but in this casethe exchange is between bankapplications that use the messagesfor specific purposes such as a banktransfer between two accounts intwo different banks.The MSS Service guarantees themessage delivery to the addresseein the same chronological orderas the sender issued them, andalso ensures prompt delivery withauthentication, recording and deliveryconfirmation functions.

The File Transfer ServiceThe File Transfer Service (FTS) allowsthe interchange of files carrying eitherbulked instructions or electronicdocuments between users.Basically, the File Transfer Servicecan be compared to an e-mail servicein which the users, prepare files andsend them to the FTS service.The FTS service, as well asguaranteeing delivery of acceptedfiles to addressees, also hasauthentication, recording,compression and delivery confirmationfunctions.The Transactional ServiceThe Transactional Transport Service(TRS) allows immediate transactionsexchange between users in aninteractive synchronous way.Basically, the Transactional TransportService can be compared to atelephone conversation between twousers who want to agree on a certainactivity, but in this case the users arebank applications, one of which – forexample – wants to know immediatelyif the other is interested in the quoteon the listing. The main featureof this service is its processingspeed; indeed SIAnet transactionalservices are widely used in the cardsauthorisation and in the tradingactivities, where the time is a criticalsuccess factor.Connectivity services:an integrated approachFor the connectivity services in linewith SIAnet integrated approach,Banks will benefit of::: a single network to reach themultiple business counterpartiesacross Europe:: a single IT partner for the designof customised network solution:: a single contract for the overallprovisioning: bandwidth, routers,firewalls and switches:: a guarantee of resilience in linewith customer needs, enabled bya multi-carrier architecture and thepossibility to get redundancy foreach component:: a highly secure network that usesalso cryptography:: a smooth bandwidth scalability(from 128KB to 10 MB):: a multi-protocol architecture tosupport both TCP-IP and SNA:: a flexible connectivity offeringto support the most stringentdisaster recovery and businesscontinuity requirements.SIA-SSB network expertise isprovided to complement all theconnectivity services with::: full service management andmonitoring twenty4ever (24x365):: a single help desk for all customercare requests:: specialised consultancy forcustom designed networksolutions.SIAnet: a trustworthy choicefor EuropeSIA-SSB is your trustworthy ITpartner for the management of highlycompetitive network services, takingcare of all technical issues, in orderto let you concentrate on your corebusiness.Do not worry about infrastructure andconnectivity issues, stay focused onbusiness.Do not worry about data confidentiality,get the privacy compliant network.

SIA-SSB S.p.A.Via T. Taramelli, 2620124 Milan, ItalyT +39.02.6084.3655info@siassb.eu