With its unique blend of people, technology, processes and IP, Intragen is helping leading Financial Services clients across Europe protect sensitive financial data from breaches and unauthorised access.
Simplify compliance with regulatory requirements and prevent fraud by ensuring that only authorised individuals access financial systems and data.
of UK financial sector firms suffered cyber-attacks post 2020 while facing new challenges from Brexit and the pandemic.
The average annual cost associated with data breaches for financial services organisations globally.
In 2017, the Equifax breach exposed the data of over 143 million accounts in the US and UK and 200,000 credit card numbers.
Financial services organisations must meet the strict data privacy regulations such as GDPR, FCA, PSD2 and KYC that can have an impact on your operations and return on investments (ROI). Identity Governance and Administration (IGA) simplifies and automates user processes to accelerate your path to compliance.
Identity Governance and Administration centralises the control and management of identities and access.
To keep pace with the competitive financial services market, smooth on-boarding processes are paramount. Joiner, mover, and leaver processes can be defined and automated with IGA.
Prioritise user experience for your employees and customers whilst maintaining security by managing the identity lifecycle. Where Financial Services businesses are required to protect high value assets, this is especially important. Allow your employees to work for efficiently and risk with automation around must-have processes.
Access Management controls users' access to applications and infrastructure by authenticating their identity and authorising their access.
Multi-factor authentication (MFA) is essential for financial services organisations to secure user access to data and finances. Biometrics can securely verify the identity without interfering with user experience.
Remove the need for thousands of individual login credentials across your business with the unification of your applications under single sign-on (SSO). Users are able to access what they need without a different password for each system. For Financial Services organisations, this means heightened security and a better customer experience. In addition, multi-factor authentication (MFA) utilises multiple pieces of evidence to verify a user’s identity. This could be through biometrics or a code sent to a mobile phone, as examples.
By removing the reliance on username/password combinations, organisations can utilise other identity authorisation methods with further peace of mind. These more modern methods change depending on the scenario, e.g. a user’s location, the value of a purchase etc, and make it very difficult for cybercriminals to adapt to.
Privileged Access Management involves the implementation of additional control measures for elevated access roles such as administrative accounts.
Someone has gained access to an elevated account in a financial services organisation. PAM can detect anomalous behaviour and automatically terminate a session before a breach can occur.
Financial Services organisations must consider the possibility of insider threats as much as they do external ones. Where IT infrastructures and hybrid working environments are becoming more complex as time goes on, the avenues through which an individual can access your internal systems have multiplied.
You will have individuals in your organisation with higher levels of access to do their jobs. These elevated accounts come with higher risk. PAM ensures these accounts are protected with enhanced access controls, monitoring of behaviour and documenting of activity for audit and compliance checks, as well as automated disabling of an account if unusual activity is detected.
Banks and other financial services organisations are always a target for hackers due to the nature of the data and assets held within the IT systems. Banks, in particular, are concerned about controlling access to their systems to mitigate the risk of a breach.
Access control can be simplified and automated with an IAM solution, eliminating the risks associated with manual tasks, and providing a clear overview for internal requirements and external audit reports. User experience does not have to be compromised either. Intragen implements leading identity security solutions to achieve secure IT architecture while maintaining a smooth end-user experience.
We are Europe’s leading specialists in IAM. There is no better Partner for you to continue this journey with. Our solutions and services are tailored to what your requirements are and how you would like us to assist you.
To gain an understanding of the maturity of your current IAM strategy, we offer a Maturity Assessment, led by a specialist from Intragen. This aims to show you the weaknesses in your current strategy and offers recommendations on what could be improved.
The Intragen team are also on hand, should you have any requirements regarding expanding your IT capabilities. We are able to assist your in-house team, resolve any issues that come up, manage your systems and make sure that you’re secured and meeting regulations.
