Increase security, stay competitive and reduce operational costs

SAP NetWeaver^® Identity Management solutions deliver reliability, scalability and manageability — with the simplicity, ease-of-use and TCO (total cost of ownership) savings demanded by today’s most competitive financial organizations.

The Challenge

Many financial firms have turned to MaXware to help them streamline, centralize and gain control in managing user identities end to end. MaXware Identity Management solutions address their most critical business pressures, including:

Outdated systems: Financial services organizations are increasingly finding that yesterday’s IT solutions are not aligned with today’s complex business processes. They no longer have a sufficiently stable, scalable, secure or robust Identity Management approach to support their essential business processes and mission-critical transactions.

Regulatory compliance: New laws and regulatory mandates, such as the U.S. Sarbanes-Oxley Act, JSOX, Basel II, HIPPA, PIPEDA, GLBA, EUPA, JPIPA and USA PATRIOT Act, are forcing on-demand/real-time reporting, creating exposure to random audits, mandating tighter financial and policy compliance controls for employees, and requiring evidence of customer data security — all within an environment of minimal operational risk. Timeliness is an added pressure, as the costs (penalties) for non-compliance are severe.

Market consolidation: The flurry of merger and acquisition activity in the financial services market has spurred a number of “inherited” Identity Management challenges for the merging and acquiring entities:

• Lack of integration among legacy customer information systems
• Loss of a controlled overview of customers, partners and employees due to a complex organizational structure
• Necessity to grant correct authorizations to people and applications within and outside the organization
• Need for on-demand reports showing real-time user access and privileges
• Prevalence of error-prone manual processes
• Rising costs associated with not meeting compliance requirements

Shareholder accountability: All this must be accomplished while reducing costs and maximizing revenue.

The Solution and Benefits

Many of the world’s leading financial firms have turned to MaXware to help them streamline, centralize and gain control in managing user identities end to end.

By deploying of SAP NetWeaver^® Identity Management Solutions, you can:

• Achieve Compliance and Increase Security
  • Enforce controls to help meet regulatory compliance
  • JSOX, SOX, Basel II, HIPPA, PIPEDA, GLBA, EUPA, JPIPA and
    USA PATRIOT Act
  • Reduce compliance penalty cost
  • Manage risk and lower external audit verification costs
  • Deliver on-demand reports that contains real-time data
• Improve IT Operations and Costs
  • Integrate disparate systems seamlessly
  • Updates access and privileges in real time
  • Automate and streamline workflow — self-service password management
• Centralize Management to Gain Competitive Advantages
  • Streamline manual process via workflow
  • Implement consistent policies
  • Centralize management to gain more control to manage all identity information

Learn more about SAP NetWeaver^® Identity Management Solutions

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