OpenTrust wins investment bank smart card access control deal
17 February 2010 | 1068 views | 0
OpenTrust, the Next-Gen IT security software publisher, today announced that it has signed a global Corporate & Investment Banking provider, employing more than 15 000 people internationally, to implement an all-in-one solution for one user to log on to multiple stations.
"The OpenTrust solution provides a single Key to electronic trust for the management of digital identities of many devices and applications by a single trader. The improved business agility has enabled this bank to adapt rapidly and cost efficiently in response to changes in the global business environment"
The project involved equipping all users with a smartcard to guarantee strong authentication to all financial terminals and applications. 15,000 smartcards are to be issued combining the simplicity of use with high security.
This merchant arm of a major financial institution provides financing, advisory and capital markets services for many clients around the world. The requirements were for a single solution to secure multiple work stations in order to increase speed and business agility. The traders would need to log on to complex systems while maintaining full regulatory compliance as a critical business driver. Speed was another essential criteria where multiple work stations needed to be open for business within seconds.
OpenTrust solutions were the answer to these challenges. OpenTrust PKI and SCM solution seamlessly integrated with partner solutions to allow the traders to simultaneously work on multiple financial terminals. The Multiple Workstation Login (MWL) and Single Sign-On (SSO) capabilities embedded in the smartcard allow traders to log in immediately and securely, on all their workstations and subsequent applications, offering great ease of use and a precious gain of time.
All functionality is combined in a single smart card, used for physical and logical access, which is entirely managed by OpenTrust solution. Furthermore, the solution meets all the high requirements of financial services authority.
"The OpenTrust solution provides a single Key to electronic trust for the management of digital identities of many devices and applications by a single trader. The improved business agility has enabled this bank to adapt rapidly and cost efficiently in response to changes in the global business environment", said Olivier Guilbert, CEO of OpenTrust.
On the occasion of celebrating its 10th year anniversary, OpenTrust has published a new white paper addressing the key security challenges of CIOs for the next decade. OpenTrust presented the highlights of this strategic white paper in a special invitation-only customer event at its Head office in Paris on 16 Feb 2010.