SWISS INTERBANK CLEARING

Securosys is providing the hardware security modules for the Swiss interbank clearing system operated by SIX under the supervision of the Swiss National Bank.

SIC4 - the most advanced financial transaction system in the world

The Swiss banking infrastructure requires the highest security levels and needs to adapt to ever-changing security threats. At the core of this IT security architecture sits the Hardware Security Module (HSM), which acts as digital vault. The HSMs generate and manage encryption keys and certificates, applying them to encrypt and sign financial transactions. The Swiss company Securosys was chosen as the HSM supplier for the renewal of the IT infrastructure of the Swiss banking system.

The Swiss Interbank Clearing (SIC) system processes Swiss franc payments between financial institutions in real time on a gross settlement basis of around 100 Billion Swiss francs (approximately 100B €/USD) per day. Several aspects were critical for SIX when choosing the HSM for their new system, which will go into service in 2016. The Primus HSM from Securosys surpasses the stringent security requirements and delivers very high performance combined with highest quality standards. In addition, the fact that all development and manufacturing is done in Switzerland was a decisive aspect. Due to its advanced security architecture, the Securosys Primus HSM has no backdoors and outclasses existing systems.

Please find more information on the SIC4 system here.

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