Multi-bank foreign exchange portal FXall has chosen Massachusetts-based Netegrity's SiteMinder platform to enhance transaction security and offer single sign-on access across all of its portal services.
The foreign exchange portal will also use Netegrity's Delegated Management Services(DMS) technology to give customers greater control of user administration, reducing management time, complexity, and costs.
Jack Lemonik, chief technology officer at FXall, says: "One of our requirements in launching this trading portal was to provide our clients with a secure environment in which to conduct their foreign currency trading whilst providing a personalised and uncomplicated customer experience."
Netegrity will provide the FXall portal with a centralised platform from which to manage user access and management. Administrators will be able to manage large numbers of user privileges and entitlements across all applications and platforms, eliminating the need for proprietary and redundant security systems, says the company.
Customers will also be able to use single sign-on across all of the FXall applications as well as across multiple Internet domains, increasing security and reducing support costs due to lost passwords.
FXall can use a range of authentication methods including passwords, certificates, and tokens for verifying user identity. Using DMS, the company will also be able to delegate user administration to its end-customers.
In a separate announcement, TD Asset Management has joined the Customer Advisory Board of FXall - a worldwide group of corporations and institutional investors with a key role in shaping and developing the portal.
The addition of TD Asset Management brings the total number of board members up to 29.