Finastra and Anapaya raise security standards for digital transactions

Anapaya, a Swiss provider of network technology, enters into a partnership with Finastra a global provider of financial software applications and marketplaces. The partnership is designed to provide Swiss banks with access to the Secure Swiss Finance Network (SSFN). By deploying Anapaya's SCION (Scalability, Control, and Isolation on Next-generation Networks) solution, Finastra's SWIFT Service Bureau customers will benefit from a more resilient and secure data communications network, as will the SSFN, according to a media release.

SSFN replaces IPNet

The SSFN will replace the 20-year-old Finance IPNet as SIX Group's standard network solution in 2024. The SSFN is a controlled and secure network that enables connected banks to communicate with SIC and other financial market infrastructures. The network is based on SCION, the first "clean-slate" Internet architecture that provides route control, fault isolation and explicit trust information for end-to-end communication. "As cyber threats become more prevalent, strengthening security is of great importance for all institutions," says Andreas Helbling, Country Head, Switzerland at Finastra. "With SSFN, our customers in Switzerland can rest assured that data exchange will take place with the highest levels of security, performance and functionality. Anapaya's robust technology enables us to deliver our business-critical services with added protection."

Higher security standards in response to cybercrime

Finastra is one of the largest global service providers and has a significant presence in Switzerland. It provides hosted SWIFT and direct connections to banks, clearing houses, local payment networks and beyond. SCION will support Total Messaging, Finastra's financial messaging platform that provides a gateway and workflow engine for market infrastructures, instant payments and payment service provider (PSP) connectivity. "Institutions no longer have guaranteed security on the traditional Internet - it simply doesn't have all the features needed to protect their data," said Martin Bosshardt, CEO of Anapaya. "We are convinced that SCION is the decisive answer to today's cybercrime challenges. Finastra's decision to switch to SSFN proves that well-known companies think the same way."

This article originally appeared on m-q.ch - https://www.m-q.ch/de/finastra-und-anapaya-erhoehen-sicherheitsstandards-fuer-digitale-transaktionen/