The Secure Swiss Finance Network (SSFN)

& SCION Protocol

We will help you get ready.

Book a short meeting now ⟩

 

In 2019, the SNB and SIX jointly launched a project to develop a secure network for the Swiss financial centre (Secure Swiss Finance Network,
SSFN). The aim of this project is to increase the security and resilience of network connections to the SIC system and to other FMIs. In collaboration with telecommunications providers and their participants, the project seeks to set up a new, secure network on the basis of SCION (Scalability, Control and Isolation on Next-Generation Networks), the routing architecture developed at ETH Zürich. The new SCION network not only allows for the exchange of messages between FMIs and participants but also enables data to be exchanged securely between participants using the same architecture. This project was in its pilot phase in 2020. Third-party expert opinions confirmed the suitability and security of the SSFN on a technical level. If the pilot phase can be successfully concluded and further set-up completed, the SSFN is to gradually replace the existing communication link with the SIC system from 2021.

- Swiss National Bank, 113th Annual Report 2020

The financial sector has faced many challenges in terms of distribution, flexibility and security when using the Internet for daily business activities. It is vulnerable to cyberattacks, including distributed denial-of-service (DDoS) or traffic-hijacking attacks. This has led the Swiss financial sector to use dedicated communication services such as Finance IPNet for critical services, such as the Swiss payment system. The establishment of a highly secure, flexible and functional communication system could create an alternative to Finance IPNet. This alternative would provide better control over the exchange of sensitive financial information among market participants while reducing implementation complexity and effort.

- SIX Cyber Security Report 2020

Our SSFN target go-live is in the second half of 2021 and we are here to answer your questions and help you prepare.
Send us a message using the form below to learn more or book a short intro meeting with our experts now. 

 

Reference materials

annrep_2020_komplett.en-1
113th Annual Report Swiss National Bank 2020

It is our pleasure to present the Swiss National Bank’s Annual Report for 2020. The first part of the report comprises the accountability report submitted by the Governing Board...

six-cyber-security-report-2020-en-1
SIX Cyber Security Report 2020

These are extraordinary times. None of us has ever experienced anything like the coronavirus pandemic. and it remains uncertain when normality will return.

SNB Maechler sieht Implikationen für SNB durch Digitalisierung | Märkte Makro | Finanz und Wirtscha
SNB: Maechler sieht Implikationen für SNB durch Digitalisierung

Gemäss Maechler hat die Bedeutung des bargeldlosen Bezahlens zugenommen. Somit steigt auch das Tempo bei der Einführung neuer Bezahllösungen.


Nationalbank will Sicher­heit von Finanz­systemen verbessern
Nationalbank will Sicherheit von Finanzsystemen verbessern

Zusammen mit SIX startet die SNB ein Projekt, das die Sicherheit der Netzwerkverbindungen...

Schweizerische Nationalbank startet Projekt gegen Gefahr von Cyberattacken - Netzpolitik - derStanda
Schweizerische Nationalbank startet Projekt gegen Gefahr von Cyberattacken

Die Schweizerische Nationalbank (SNB) lanciert ein Projekt zur Verbesserung der Widerstandsfähigkeit...

La BNS lance un projet contre les risques de cyberattaques | Allnews
La BNS lance un projet contre les risques de cyberattaques

Développé au sein de l’EPFZ, Secure Swiss Finance Network est le fruit d’une collaboration avec le groupe de services financiers SIX.

SNB Maechler sieht Implikationen für SNB durch Digitalisierung | Märkte Makro | Finanz und Wirtscha
Il sistema di pagamento svizzero al riparo dai cyberattacchi

BERNA - La Banca nazionale svizzera (BNS) lancia un progetto per meglio proteggere il sistema di pagamento SIC...

Blog Posts & Pilot Test Results

blog-anapaya-develops-a-new-communication-service
SSFN update social
SSFN explained social

We can help you get ready. Let's talk >

We will help you get ready.

Book a short meeting now ⟩