We are thrilled to announce that Axletree has been awarded the prestigious 2024 Swift Provider – Customer Security Programme Assessment label by Swift! This recognition marks our achievement of successfully completing the process of certifying two Swift Certified Assessors at Axletree and being added to the CSP Certified Assessors Directory.
By training our Assessors to meet the rigorous requirements of the Customer Security Programme Assessor Certification, we re-affirm our commitment to upholding the highest standards of security, transparency, and operational excellence.
We are grateful for this certification and for the continued partnership of our community as we work together towards a safer financial future!
What does this mean for you?
Receiving the 2024 Swift Provider – Customer Security Programme Assessment label is more than just a mark of compliance; it is a testament to Axletree’s excellence in protecting financial data and ensuring the safety of the global Swift network.
Axletree having Swift Certified Assessors for the Swift Customer Security Programme demonstrates our Passion and Expertise for maintaining the highest standards of data protection, cybersecurity, and operational integrity. For our clients, this means having the confidence that Axletree’s Swift Certified CSP Assessors possess the comprehensive knowledge and expertise required to navigate the complexities of Swift’s yearly CSP assessment.
Read on to discover how Axletree can simplify and secure your yearly Swift CSP attestation.
What is the Customer Security Programme (CSP)?
As a quick refresher, the Swift CSP assessment is an annual security assessment that all Swift members must complete to remain compliant with Swift security protocols and ensure the safety of the Swift network. The CSP process involves answering questions about security controls and providing supporting evidence to support validation.
However, this process is often largely manual, making it time-consuming, inefficient, and—if exchanging sensitive company information through unsecured channels like email, direct messages, or shared drives— potentially unsafe. On top of this, the complexity of understanding and managing the three main objectives, seven principles, and 32 total controls of the Swift CSP assessment can quickly become overwhelming.
Thankfully, by optimizing and automating parts of the CSP process, organizations can enhance efficiency, safety, and overall effectiveness, making this mandatory exercise more manageable and even beneficial.
Axletree has a solution that we are proud to present to the market this year, as a value-add for all institutions completing the Swift CSP assessment – our very own assessment optimization tool, RADAR by Axletree®.
What is RADAR?
RADAR (Review, Analyze, Document, Assess, Report) is Axletree’s one-stop solution for assessment optimization. RADAR streamlines the assessment process by providing a secure portal for organizations to answer questions, validate controls, and provide supporting evidence to complete their mandatory security and operations assessments.
In addition to offering a comprehensive, easy-to-use dashboard for complete control over the Swift CSP assessment, organizations that use RADAR to complete their yearly attestation are guaranteed round-the-clock access to Axletree’s knowledgeable Swift Certified Assessors, ensuring that questions are answered promptly and that team members receive personalized guidance as they complete their assessment.
What are the other benefits of choosing RADAR?
RADAR is designed with security at its core, providing a secure, encrypted platform for streamlined security and user access. Administrators can assign access based on each team member’s role, ensuring everyone has precisely what they need to fulfill their responsibilities. By consolidating all information related to the Swift CSP assessment in one user-friendly space, RADAR simplifies the complex process of validating over thirty potential controls and providing supporting evidence. Our user-friendly dashboard enables team members to track tasks, monitor responsibilities, and maintain visibility into the assessment’s progress.
RADAR also enhances communication by centralizing assessment information and serving as a dedicated platform for interdepartmental communication. Team members can easily share relevant updates and review required evidence, while real-time information exchange with Axletree’s Swift Certified Assessors ensures clarity and accuracy throughout the process.
Additionally, by selecting Axletree as your external assessor for the annual Swift CSP assessment, you gain complimentary access to RADAR. New clients will enjoy a seamless onboarding process into our assessment experience, while our existing clients will be automatically upgraded to RADAR. This added benefit reflects our dedication to providing Value for Clients and the Best Client Experience.
What’s next?
As the December 31st deadline for attesting Swift CSP compliance “swiftly” approaches, don’t waste any more time with time-consuming manual tasks: transform your annual security attestation with RADAR by Axletree®! With our automated platform, managing controls, team roles, and user access becomes effortless, ensuring real-time visibility and efficiency across your organization.
At Axletree, we strive to uphold our label of 2024 Swift Provider – Customer Security Programme Assessment by continuing to Exceed Expectations and make the complex world of financial messaging more comprehensible, accessible, and beneficial for all. Together, we are building a safer, more secure financial future.
Grant yourself and your organization complete Peace of Mind for your 2024 Swift CSP assessment by reaching out to our expert team at Axletree and getting started on completing your audit today!
September 5, 2024
