Financial

The enforcement of privacy policies is a concern for organizations in every sector, but nowhere more important than in the financial services sector. Sarbanes-Oxley Act, ISO 17799, the Civil Service Data Security Regulations (VIR) and the Personal Data Protection Act are just a few of the examples. Besides ensuring secure network access, these organizations have to manage user accounts according to fixed guidelines and monitor who is given access to which resources. These processes are called Account Provisioning and Authorization Management.

Audit & Compliance is a pivotal concern for financial service providers. They are required to provide insight into their legal and regulatory compliance through reporting and the use of special functionality (including attestation, reconciliation and policy monitoring).

In addition to the definition of procedures for the automatic creation of user accounts and access to resources and applications (authorization management), it is important to involve the organization in this process. For the benefit of the user account management, managers must have knowledge of the network settings for their team members. Perhaps they have too many privileges? Maybe unnecessary use is made of resources such as licenses, storage and printers? Does the employee in question still work for the department? Using a workflow, the organization can be provided with the right information at the right location on a timely basis.

Tools4ever’s User Management Resource Administrator (UMRA) provides a solution for all these aspects, but does not require a complex and prolonged IDM implementation. Read how financial service providers use UMRA and other solutions by Tools4ever.