Identity Management
for Financial Services

GARANCY IAM is the leading solution suite for the banking sector!

The GARANCY IAM suite protects the business-critical information, data and applications of financial service  providers from unauthorized access. Each employee can only access the data required to perform the given task at hand.

Banks are provided with powerful IAM functions based on standardized best-practice processes for improved data security, lower operating costs, reduced risk relating to data access, as well as efficient audit-compliant processes in observation of all relevant regulations. 

Improved security thanks to centralized authorization management

Authorization management across system boundaries

Observe applicable regulatory provisions

Making digital transformation happen in the finance industry

What makes the GARANCY IAM Suite for banks stand out?

  • Beta Systems is the leading IAM solution provider for the finance industry.

  • 50% of Europe’s major banks are Beta Systems customers.

  • Leading data centers of savings banks and cooperative banks trust in Beta Systems’ IAM solutions.

  • Employed by private banks of all sizes – from as few as 500 active users up to over 1 million managed access rights.

  • Simple integration of specialized banking tools and home-grown applications – ideal for complex IT landscapes.

  • More than 30 years of mainframe experience.

Benefits of IAM for the financial sector

Financial service providers must step up their security

93
% OF ALL INSTITUTIONS ARE AFFECTED BY DATA THEFT
60
% OF ALL CYBER ATTACKS ARE CASES OF IDENTITY ABUSE
200
% GREATER DAMAGE CAUSED BY INSIDERS THAN THROUGH EXTERNAL ATTACKS
80
% OF THEFTS TAKE PLACE ON A SINGLE DAY
21
% OF THEM ARE SPOTTED ON THE SAME DAY

Improved security thanks to centralized authorization management

Protecting Sensitive Data and Systems from Unauthorized Access

  • IT authorizations of all employees are controlled in a secure, traceable and cost-efficient manner across the entire lifecycle, from hiring and relocation through to the end of the working contract.
  • Automatic approval of access rights on a ‘need-to-know’ basis
  • Improved security owing to centralized access management, including automatic recertification performed in the specialist departments.
  • Reliable management and assignment of time-restricted system access for maintenance and administration purposes.
  • Digital mapping of individual access rights to banking processes – including authorization verification under consideration of the given context  (e.g. time of day, mobile access while on the go).
  • Available across all company locations.

Authorization Management Across System Boundaries

Ideal for individual, historically grown and complex IT infrastructures

  • Easy integration with home-grown financial applications using the widest selection of out-of-the-box connectors available on the market.
  • More than 30 years of mainframe experience.
  • Ensured authenticity and confidentiality of data utilized on your IT systems – even when exchanging data with external partners.
  • Strict separation of data spaces associated with each institution and guaranteed transparency and auditability of the transactions performed for each client.
  • Evaluate access risk, immediately identify issues and automatically trigger corresponding security measures.
  • Integrated Data Access Governance module for controlling access to unstructured data such as documents, tables or e-mails.

Observe applicable regulatory provisions

Regulations are focusing more and more on IT: IT has become the central hub for implementing a bank’s business model. Therefore, regulatory bodies are introducing ever new guidelines and checks relating to IT. These IT control mechanisms are increasing both in terms of their intensity and scope.

  • Implement internal guidelines and maintain compliance with FDIC, FFIEC or other government agencies and comply to regulations including GDPR, BASEL III, GLBA, SOX and SAS 70.
  • Company-wide enforcement of SoD checks and rapid identification of toxic access combinations.
  • Historic analyses and continuous proof / ongoing auditability of which employee had access to what data and applications during which time frame.
  • Check if allocated authorizations are appropriate based on the specific task profiles of your employees.
  • Browser-based, user-friendly recertification of access rights complemented by comprehensive BI-based analyses and dashboards.

Making digital transformation happen in the finance industry

The GARANCY IAM suite delivers many forward-looking options for supporting the digital transformation of companies. There are many factors and scenarios to consider in the context of data security, including employee relocations, terminations or the speed of setting up new accounts and authorizations. The IAM suite acts as a strong enabler of digital transformation in the financial sector.

  • Massive efficiency gains through rapid provisioning of all required access rights.
  • Secure identities reinforce the customers’ trust in digital services and therefore strengthen customer loyalty and your ability to compete.
  • Digital (consumer) identities can be put to commercial use in a number of additional ways.
  • Rapid, centralized control of access rights across the company facilitates the reliable and speedy implementation of organizational and procedural changes of any scope.
  • Complete digital mapping of specialized banking processes as well as accelerated rights assignment and management based on audit-compliant workflows.

Select finance industry customers

Nord/LB

Nord/LB receives access governance award for implementing the Beta Systems IAM Suite

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Komercijalna Banka

Well-structured profiles instead of IT access chaos

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Do you want to find out more?

iam(at)betasystems.com     Phone: +49 (0) 30 726 118-0

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If you have any questions regarding Beta Systems’ products, solutions or services, you can also call the following number:

+49 (0) 30 726 118-0