ABA Bank Ensures Compliance After Meeting All SWIFT CSP Controls

Challenge

• ABA Bank required guidance and external support to evaluate its controls and ensure that they have met all of SWIFT’s regulatory requirements
• SWIFT required an independent assessment of their attestation ahead of the December 2022 deadline

Solution

Bottomline SWIFT Customer Security Programme

• Bottomline’s SWIFT-certified cyber security partner audited ABA Bank’s controls and measures to ensure that their security controls were fully compliant and working effectively
• The full attestation was completed well ahead of the deadline and ensured that ABA Bank met all mandatory and advisory control requirements of the SWIFT Security Controls Framework

Results

• Guaranteed that day-to-day controls were up to date while preparing ABA Bank to remain fully compliant with the upcoming control changes from SWIFT, with support from Bottomline
• Instilled confidence and trust across ABA Bank’s portfolio of clients, business partners, and counter-party banks who knew with certainty that ABA payments were secure and adhered to SWIFT’s controls