Swift rolls out new cyber defences for central banks

System uses machine learning to spot patterns and anomalies

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Swift’s new tool uses machine learning to understand patterns of activity

Global payments messaging firm Swift is rolling out new tools for central banks and other financial institutions looking to defend themselves against cyber threats.

The company said its “payment controls service” was a major milestone in its cyber security push, which launched in the aftermath of the Bangladesh Bank heist in February 2016. Although the breach was at the central bank, Swift has been working to help users toughen their defences.

Swift’s Tony Wick, head of anti-money laundering

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