Banking · Structured Financial Messaging System (SFMS)
How does the Structured Financial Messaging System (SFMS) ensure message integrity and prevent data manipulation during transmission between banks?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1SFMS uses blockchain technology to ensure that each message is stored in a decentralized manner, preventing any tampering during transmission.
- 2SFMS relies on file transfer protocol (FTP) to secure the transmission of messages, but there is no mechanism for checking message integrity.
- 3SFMS uses public key infrastructure (PKI) to provide encryption only, but it does not provide any data integrity mechanisms.
- 4SFMS uses the Hash Message Authentication Code (HMAC) to verify data integrity, ensuring that messages are not tampered with.✓
Correct answer
SFMS uses the Hash Message Authentication Code (HMAC) to verify data integrity, ensuring that messages are not tampered with.
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