Case Writing Grant Project

Finance, Cybersecurity & Risk Management in the Developing World

A group of faculty from the Chandaria School of Business at USIU in Nairobi, Kenya is currently working on producing the cases.

Case topic: Bank Management, Cybersecurity & Risk Management in the developing world


GBSN and the SWIFT Institute are partnering to develop 3 case studies looking at cybersecurity and wholesale banking in emerging economies. Financial institutions in emerging markets tend to lack the expertise and resources to develop and maintain a robust cybersecurity function. However, when a bank lacks this infrastructure and there is a security breach, the problem becomes global affecting banks across borders. In 2018, losses from cyberattacks were predicted to top $1.6 trillion and could reach as high as $6 trillion by 2021. [1]

The threat of cybersecurity raises several questions for financial institutions and how they interact with each other, in particular for those based in emerging economies. These three case studies will examine ways in which these financial institutions minimize this risk, and they will be a means to share best practices that these institutions use to mitigate the aforementioned risks.  The research case studies will be distributed by the SWIFT Institute, while the teaching case will be available for instructional purposes.

Applications are open globally and applicants must be faculty members at GBSN member schools with a background and interest in finance, cybersecurity and/or risk management. They must be able to research, write and deliver up to three cases: one case for classroom teaching purposes and two cases for research online distribution purposes. The grant amount is $5000.00 USD per case. An individual school may only apply for an award of one case study, a consortium of schools/individuals may apply for an award of up to three case studies for a total of $15,000 USD. The case studies should include financial institutions from different countries (i.e. no two case studies should be about institutions from the same geography). Finally, please note that the SWIFT Institute and GBSN can be of assistance in introducing the case writers to potential case protagonists in their country of preference. It is expected that aliases will be used in order to preserve the financial institutionsā€™ privacy.


Requirements of cases to be delivered:

  • Case title and brief abstract
  • The two (2) research cases should be 6 to 10 pages in length, with graphs incorporated into the document and without appendices for online publishing and distribution
  • The teaching case should be 6-8 pages in length, with appendices and a 2-page teaching note that includes the following sections: learning objectives, target group, teaching strategy, questions for discussion, analysis of data, and any additional background reading.
  • The cases will be owned and distributed by GBSN and the SWIFT Institute, permission to publish and release will be given on a case by case basis.

The GBSN Case Method Steering Committee awarded a team of researchers from the Chandaria School of Business, USIU-Africa.

Small Grant Review Criteria

  • Experience of Case Writer Individual or Team (30 Points)
  • Overall Quality of Proposal Submission (30 Points)
  • Relevance of Case Topic Proposed (20 Points)
  • Relevance and Applicability to the Developing World (20 Points)

Cases to be delivered by: June 2021

The SWIFT Institute

The SWIFT Institute, set up by SWIFT, funds independent research, supports knowledge-led debate and provides a forum where academia and financial industry practitioners can learn from each other. Its primary focus is transaction banking, covering the areas of payments & banking, capital markets, cyber security, technology & innovation, regulation & compliance and leadership. The SWIFT Institute aims to extend the understanding of current practice and explore future needs in global financial services. The SWIFT Institute is proud to partner with GBSN, helping to support efforts to improve the quality of education in the developing world. Our current efforts include the creation of case studies designed to enable business students to make informed leadership decisions based on real-world situations within the global financial industry. Additionally, we run Student Challenges whereby we seek innovative solutions to real-world problems and showcase those ideas to financial industry practitioners.  Our collaboration with GBSN is designed to shape and tap into the minds of future thought and business leaders.  Our research is freely available to download and share at