Financial Services Identity & Access Management (IAM) Solutions

As the threats to financial institutions evolve and increase, so do the many regulations set forth. In the last decade over eight new Federal laws regarding financial services have been enforced. Protecting non-public and personal identification information alike has become a main concern for many banks and credit unions.

The interpretation and application of these laws and regulations is paramount, and often times not simple. Many organizations struggle with understanding and adhering to the requirements. Why not let our team of highly-skilled individuals assess your situation and determine your best solution. When it comes to Governance, Risk, & Compliance for financial institutions large or small; Mycroft is the Information Security Service you can count on.

Mycroft works with financial services companies to manage compliance initiatives which drive risk.

Below are several examples of Mycroft's dynamic solutions for the financial industry.

Client Description:

The firm is a leader in investment banking, financial services for consumers, small business and commercial banking, financial transaction processing, asset management, and private equity. Serving millions of consumers in the United States and many of the world's most prominent Corporate, institutional and government clients under its brand names.

Mycroft Identity Management Solutions Approach:

• Phase I automated provisioning of 250+ web based applications for the Investment Bank.
• Provided a team which included: Architect & Senior Engineers with significant Sun experience to integrate the application into the client's architecture.
• Maintain a presence on-site to assist in strategy, design & deployment of new phases.

Results:

• Solution replaced a problematic home grown system with a stable, high availability solution with zero down time.
• Provides a secure, centralized solution that manages access for a global investment bank 24/7.
• Includes self-service functionality that reduced weeks of basic provisioning to a self-service on boarding request that can be implemented immediately.

Client Description:

A comprehensive and secure payments network. This client markets and supports a full range of credit, debit, and prepaid cards. This Network also provides customer centric tools and programs designed to help issuers, acquirers, and merchants drive loyalty, increase transaction volume, and run their business more effectively, with streamlined efficiencies.

Mycroft Identity Management Solutions Approach:

• Automated account creation and approval workflow for critical systems
• Portfolio of reports documenting user access provisioning and privileges
• Self Service Password Management

Results:

• Reduces possibility of assigning inappropriate user access levels to personnel, ensures an auditable trail for all access approvals granted, and provides a more cost effective method for on boarding and off boarding users within the organization.
• Provides critical information to Information Security Administrators and Audit Teams for regulatory compliance reviews.
• Reduces overhead costs of the enterprise help desk required to reset user passwords.

Client Description:

A global finance company operating in and servicing North America, South America, Europe and Asia-Pacific, specializing in automotive finance, real estate, finance, insurance, commercial finance and online banking.

Mycroft Identity Management Solutions Approach:

• Developed 18 month strategic roadmaps for Identity, Security, and governance of employee and customer-facing applications
• Documented strategy, architecture, high-level design, and success metrics
• Vendor and technology evaluation

Results:

• Speed and accuracy: the customer moved to the design and POC phases rapidly
• Future-proofing: the customer moves down a path with confidence that the architecture will stand the test of time
• Vendor negotiations: the customer was able to get the solution they were looking for at the price they needed

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