SailPoint announced today that Tesco Bank, the UK's most successful supermarket bank, has selected SailPoint IdentityIQ as its identity governance solution to support information security and compliance programs within the bank.
The selection forms part of Tesco Bank's migration programme from The Royal Bank of Scotland to its own systems and platforms after it acquired the 50% RBS shareholding of Tesco Bank in 2008.
Tesco Bank is now fully owned by Tesco plc and has more than six million customers. It offers a range of financial services including personal savings, loans and insurance and is also one of the UK's largest credit card providers.
Tesco Bank will be using IdentityIQ to help manage its information security, ensuring that it has appropriate access controls in place to safeguard sensitive data held across the bank's 28 products and services. The identity governance solution will support regular automated reviews to ensure that authorized employees and third parties only have the access required for their role and that access to customer data files can be tracked and monitored. The company will also use IdentityIQ to proactively monitor and manage risk associated with identity data.
"As with most financial institutions, Tesco Bank is subject to stringent corporate and government regulations," said Kevin Cunningham, president and co-founder of SailPoint. "IdentityIQ allows companies to ensure the necessary IT controls are in place to protect the integrity of their IT systems, prevent unauthorized access to customer data and achieve and maintain compliance. With IdentityIQ, customers like Tesco Bank can streamline and automate their identity governance processes while minimizing the IT investments required for compliance."