Finastra and Anapaya partner to raise the standards for digital transaction security
Finastra’s leading service bureau in Switzerland has become the first of its kind in financial services to offer SSFN for connecting its Total Messaging customers to the Swiss financial market infrastructure at SIX.
Zürich, Switzerland – April 6th, 2023 – 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's standard networking solution. The SSFN is a controlled and secure network that 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.”
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."
Anapaya Systems AG is a Swiss company whose goal is to build an international ecosystem providing SCION-based services for a more reliable, secure, and stable networking experience. Our solutions provide organizations around the globe with a way to securely and transparently transport critical business data across the network, sending information between corporate sites, trusted partners, and cloud providers. We are located at Anapaya Systems AG, Hardturmstrasse 253, 8005 Zürich, Switzerland and represented by Martin Bosshardt (CEO) and Samuel Hitz (CTO).
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Finastra is a global provider of financial software applications and marketplaces, and launched the leading open platform for innovation, FusionFabric.cloud, in 2017. It serves institutions of all sizes, providing award-winning solutions and services across Lending, Payments, Treasury & Capital Markets, and Retail & Digital Banking for banks to support direct banking relationships and grow through indirect channels, such as embedded finance and Banking as a Service. Its pioneering approach and commitment to open finance and collaboration are why it is trusted by ~8,600 institutions, including 90 of the world’s top 100 banks. For more information, visit finastra.com.
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