15 December 2017
visit www.solutions.lexisnexis.com

BofE turns to accelerator member Anomali to tackle cyber threats

10 February 2017  |  6945 views  |  0 Bank of england

The Bank of England's new fintech accelerator is already bearing fruit. Following a successful proof-of-concept, one of the participants, Anomali, has been enlisted to help the bank monitor and mitigate cyber threats.

Launched in June, the accelerator is designed to boost the BofE's practical experience with fintech, with firms invited to apply to work with it on POCs that address challenges unique to the central bank.

Anomali was picked to work on a system to consolidate threat intelligence into a searchable repository that can optimise information collation, enrichment and sharing to support a "proactive, intelligence-led" cyber-defence strategy.

The BofE says that during a two month period it found Anomali’s Threatstream platform intuitive and that it integrated well with existing sources of information and allowed highly efficient, automated ingestion and sharing of data.

The central bank says that Anomali's technology could be used to boost the sharing of high quality and validated threat information within trusted circles of peer organisations. With this in mind, the pair will extend their "working relationship".

The bank has also been using the accelerator to work with fintech startups on POCs looking a range of areas such as blockchain and data analysis. More firms will be invited to join the next round in the spring.

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

BofE uses accelerator to gain real-world fintech experience

BofE uses accelerator to gain real-world fintech experience

11 November 2016  |  13709 views  |  0 comments | 26 tweets | 16 linkedin
Bank of England officials watch as cyber attack unfolds

Bank of England officials watch as cyber attack unfolds

03 November 2016  |  11774 views  |  1 comments | 15 tweets | 15 linkedin
Bank of England cancels Mansion House speech; launches fintech accelerator

Bank of England cancels Mansion House speech; launches fintech accelerator

17 June 2016  |  12126 views  |  0 comments | 10 tweets | 6 linkedin
BofE launches blockchain challenge to find interns

BofE launches blockchain challenge to find interns

27 November 2015  |  9452 views  |  0 comments | 17 tweets | 13 linkedin

Related company news

 

Related blogs

Create a blog about this story (membership required)
visit www.solutions.lexisnexis.comvisit www.response.ncr.comvisit www.atos.net

Top topics

Most viewed Most shared
Deutsche Bank paper hails 'huge' blockchain potentialDeutsche Bank paper hails 'huge' blockchai...
10476 views comments | 17 tweets | 25 linkedin
satelliteRipple completes XRP Lockup
9852 views comments | 3 tweets | 2 linkedin
PSD2: Laying the regulatory foundation for a new age in paymentsPSD2: Laying the regulatory foundation for...
9246 views comments | 17 tweets | 36 linkedin
Brits flock to digital-only banksBrits flock to digital-only banks
7359 views 11 comments | 11 tweets | 15 linkedin
Banks and fintech startups join forces on blockchain-based supply chain pilotBanks and fintech startups join forces on...
6713 views comments | 19 tweets | 20 linkedin

Featured job

Competitive base, commission, benefits
London, UK

Find your next job