17 July 2018
Visit www.avoka.com

BofE turns to accelerator member Anomali to tackle cyber threats

10 February 2017  |  7406 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  |  14824 views  |  0 comments | 27 tweets | 16 linkedin
Bank of England officials watch as cyber attack unfolds

Bank of England officials watch as cyber attack unfolds

03 November 2016  |  12431 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  |  12817 views  |  0 comments | 10 tweets | 6 linkedin
BofE launches blockchain challenge to find interns

BofE launches blockchain challenge to find interns

27 November 2015  |  9804 views  |  0 comments | 17 tweets | 13 linkedin

Related company news

 

Related blogs

Create a blog about this story (membership required)
Visit http://go.jumio.com/finextraAdVisit info.nice.comVisit https://secure.vasco.com

Top topics

Most viewed Most shared
Handelsbanken trials micro contactless cardsHandelsbanken trials micro contactless car...
10251 views comments | 19 tweets | 30 linkedin
Metro Bank opens developer portalMetro Bank opens developer portal
9161 views comments | 5 tweets | 14 linkedin
Championing financial inclusion and helping the UnstoppablesChampioning financial inclusion and helpin...
8625 views comments | 3 tweets | 1 linkedin
Anything Visa can do...Mastercard takes time outAnything Visa can do...Mastercard takes ti...
8537 views comments | 6 tweets | 14 linkedin
Citi to streamline corporate receivables with HighRadiusCiti to streamline corporate receivables w...
7630 views comments | 1 tweets | 5 linkedin

Featured job

Competitive base, double ote, benefits
New York City, NY - USA

Find your next job