24 August 2017
visit www.avoka.com

Principal Financial implements Oracle Identity Management

20 July 2007  |  1731 views  |  0 Source: Oracle

Oracle today announced that the Principal Financial Group, a leading provider of retirement savings, investment, banking and insurance products, is using Oracle Identity Management to integrate its auditing functions to more effectively manage operational risks.

Faced with a growing list of compliance requirements that required significant time and resources, The Principal needed a scalable security offering capable of managing and auditing account creations, updates and assigned access rights across its enterprise. The Principal selected Oracle Identity Manager, a component of Oracle Identity Management, over competitive offerings to help meet its goals.

As part of an 18-month development and implementation process, The Principal incorporated Oracle Identity Manager into its comprehensive security platform that supports all account provisioning processes. Today, the overall solution provides end users and application owners with extensible, dynamic workflows for managing approval and provisioning processes across more than 100 systems and applications. With its provisioning system, the company can mitigate operational risks and more easily enforce audits for user access privileges. For example, The Principal can generate reports regarding who has access to CRM or financial applications for the purposes of attestation.

"Given the increasing complexity of regulatory requirements we face as a financial services provider, we needed to implement a system that could help automate our employee provisioning and deprovisioning process," said Kevin Kelley, assistant director, IT, the Principal Financial Group. "Oracle Identity Management provides us with the ability to more easily and efficiently improve security processes across our comprehensive application environment while helping us address our compliance requirements."

Comments: (0)

Comment on this story (membership required)

Related company news

 

Related blogs

Create a blog about this story (membership required)
visit www.vasco.comvisit www.worldpaymentsreport.comvisit www.dorsum.eu

Top topics

Most viewed Most shared
Rabobank constructs physical model to understand IT architectureRabobank constructs physical model to unde...
20827 views comments | 43 tweets | 86 linkedin
Barclays pairs banking data with third party apps for SmartBusiness DashboardBarclays pairs banking data with third par...
12021 views comments | 22 tweets | 35 linkedin
Australia regulates digital currenciesAustralia regulates digital currencies
11333 views comments | 21 tweets | 35 linkedin
RBS to bring Silicon Valley to EdinburghRBS to bring Silicon Valley to Edinburgh
11161 views comments | 10 tweets | 8 linkedin
hands typing furiouslyWhy Is Risk Analytics Important?
10853 views 0 | 7 tweets | 1 linkedin

Featured job

Find your next job