TRANSPARENCY AND HIGHER SECURITY

INNOVATIVE SOLUTIONS FOR PREVENTATIVE AUTOMATIC CONTROL IN THE BANKING & INSURANCE INDUSTRY

The financial sector has in particular faced the headwind during the last couple of years. Substantial losses and high-risk engagements in the banking sector have led to a major lack of trust from both authorities as well as customers, and governments across the world have responded with increased national and international regulations of the industry.

Increased stakeholder demand for business governance and transparency brings on new challenges for the financial sector. The financial institutions are meeting the challenges by looking for new solutions that enable them to comply with regulative requirements from authorities without having to invest considerably in internal resources.

Omada's focus on providing practical day-to-day business governance solutions and services - well-integrated in processes and systems – has clear appeal to the financial sector. The Banking & Insurance industry is the fastest growing sector in Omada's client portfolio. Omada has delivered solutions and services to banks and insurance companies in both North America and Europe.

Omada Identity Suite (OIS) supports enterprise-wide segregation of duties (SoD), enforcement of compliance policies, certification and re-certification of identities, advanced role-based access control, and governance across heterogeneous IT environments. OIS ensures transparency of complex IT processes and makes it possible for banks and insurance companies to provide instant documentation and reporting to inquiries from authorities.

COMDIRECT SELECTS OMADA'S IDENTITY MANAGEMENT SOLUTION TO AUTOMATE PROCESSES

Comdirect Bank – the market leading bank among online brokers and investors in Germany, has chosen to implement Omada’s Identity Suite combined with Microsoft FIM 2010. The Identity Management solution will automate processes for requesting and granting access rights for both internal employees and external IT users. Existing procedures will be replaced by automated processes to improve reporting, archiving, and access management.

The main objective of the project is to meet audit requirements and compliance regulations by employing automated processes for rights management and documentation. The Omada solution will enable easy reporting and central overview of users’ access rights and automatic provisioning.

► Learn more about Omada Identity Suite

SYDBANK SELECTS OMADA IDENTITY SUITE AND FIM 2010 

Sydbank, a Danish based full service bank with branches in northern Germany and a subsidiary in Switzerland, has chosen Omada Identity Suite and Microsoft Forefront Identity Manager 2010 as the solution for efficient and secure administration of identity lifecycle management for bank employees.

The solution will also help optimize and support key HR processes and provisioning of non-IT related assets, as well as providing reporting and attestation capabilities.

► Learn more about Microsoft FIM 2010

OMADA AND SWISS PARTNER WIB DELIVERS MANAGEMENT SOLUTION TO RTC 

The solution is based on Omada Identity Suite for the RTC - Real Time Center AG. Omada's identity management solution enables RTC AG to offer its financial service customers, cost efficient identity management processes that comply with audit requirements and at the same time provide an easy solution to meet legislative requirements.

"The key selection criteria for RTC were that Omada Identity Suite provides an easily integrated, scalable and future-proof solution," said Dieter Weuffen, Managing Director of WIB AG. 

► Read the German press release here