InterCloud, a leading software-defined cloud interconnect (SDCI) provider, has received Secure Swiss Finance Network (SSFN) certification, becoming the first company based outside of Switzerland to integrate its services into the network. This will allow banks to make use of InterCloud’s infrastructure to easily connect to SSFN.
Created as a joint effort between the Swiss National Bank and SIX Group, SSFN is a controlled network that allows connected users to communicate with SIX, other financial market infrastructures, and with each other. It is based on the SCION network protocol, which offers greater security, control and privacy than older routing protocols. SSFN is set to replace the older Finance IPNet network in September 2024.
InterCloud’s background in SDCI means customers connecting to SSFN now have access to specialist expertise that no other SSFN-compliant company can currently deliver. Beyond the initial certification itself, InterCloud plans to bring its wide-ranging experience in cloud connectivity to the table and - subject to validation by the governing bodies of SSFN - provide these connectivity services where required.
InterCloud’s offering comes as a fully managed end-to-end service, granting banks easy access to the company’s infrastructure and helping ease their transition to SSFN.
The company’s international positioning is also advantageous, as it brings global connectivity expertise and ability to securely connect financial institutions to international counterparts and leverage their cloud resources, where needed, all of which adds further resilience.
Mourad El Malki, CISO at InterCloud, said: “Our SSFN certification represents another important step in the growth of InterCloud. SSFN and the SCION protocol have huge potential to make financial services much more secure both in Switzerland and beyond, so we’re pleased to be playing a key role in assisting its success.
In such a heavily regulated sector, something as essential yet as complex as cloud connectivity and the movement of data across the network needs to be closely managed. It requires in-depth knowledge and experience of optimal connectivity approaches, particularly how to transfer highly sensitive data in a way that complies with international data sovereignty and security regulations. We’re proud to be the first company able to do this for SSFN.”
Notes to editors
InterCloud’s end-to-end global connectivity platform eliminates the complexity in deploying the cloud, giving businesses full control over the security, sovereignty and performance of their critical data traffic with complete peace of mind.
Working with organisations to help them transform global connectivity, reduce network complexity and accelerate growth and innovation, InterCloud is a trusted advisor to some of the world's leading brands when it comes to leveraging the cloud for future success.
With offices across Europe, the company's platform is underpinned by its team of cloud experts who guide customers to implement effective strategies to leverage the power of the cloud across their organisation – making global connectivity a driver for business performance.
About SIX Group
SIX operates and develops infrastructure services for the Swiss and Spanish Stock Exchanges, for Post-Trade Services, Banking Services and Financial Information with the aim of raising efficiency, quality and innovative capacity across the entire value chain of the Swiss and Spanish financial centres. The company is owned by its users (120 banks). With a workforce of 4,044 employees and a presence in 20 countries, it generated operating income of CHF 1.5 billion and Group net profit of CHF 185.0 million in 2022.