Finastra and Anapaya partner to raise the standards for digital transaction security

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Anapaya, a Swiss networking technology provider, today announced its partnership with Finastra, a global provider of financial software applications and marketplaces, to provide Swiss banks with access to the Secure Swiss Finance Network (SSFN). By adopting Anapaya’s Scalability, Control, and Isolation on Next-generation Networks (SCION) solution, Finastra’s Swiss Service Bureau customers will be able to benefit from a more resilient and secure data communication network by using the same networking technology as the SSFN.

In 2024, the SSFN will replace the 20-year-old Finance IPNet service as the Swiss National Bank and SIX Group’s standard networking solution. The SSFN is a controlled and secure network which allows connected users to communicate with SIX and other financial market infrastructures. The network is powered by SCION, the first clean-slate internet architecture designed to provide route control, failure isolation, and explicit trust information for end-to-end communication.

“As cyber threats become more prevalent, strengthening security is a major focus for all institutions,” said Andreas Helbling, Country Head, Switzerland at Finastra. “With the SFFN, our customers in Switzerland can feel confident that data exchanges are facilitated with the highest level of security, performance and functionality. Anapaya’s robust technology enables us to continue delivering our mission-critical services with added protection.”

Also Read: How Banks Can Drive Fintech Growth by Embracing API and Fostering Open Banking

Finastra is one of the largest global services bureaus and has a major presence in Switzerland. It provides hosted SWIFT and direct connectivity to banks, clearing houses, local payment networks and beyond. SCION will support Total Messaging, its financial messaging platform that provides a gateway and workflow engine for market infrastructure, instant payment, and payment service provider (PSP) connectivity.

“Institutions no longer have guaranteed safety online – it just doesn’t inherently have all of the capabilities needed to protect your data,” said Martin Bosshardt, CEO at Anapaya. “We believe that SCION is the crucial answer to today’s cybercrime challenges. Finastra’s decision to move to the SSFN proves that prominent organizations think the same.”

TalkFintech Bureau
TalkFintech Bureauhttps://talkfintech.com
TalkFintech is focused on the latest financial sector technologies and tools- covering all tech used by banks, investors, insurance, and wealth management sectors- and also conversations on retail financial management tools.

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