Multiple aspects of banking including deposits, lending, investment and bullion
Eliminate reliance on passwords
Control electronic movement of large sums in various international currencies
Control access to vendor data and release of payments
Provide assurance to stakeholders of the safe-keeping of depositors’ and investors’ funds
Monitor any SAP activity considered to offer risk
Restrict access to high-level financial data viewing to authorized users only
Required tamper-proof logging of all restricted activities, including failed or unauthorized attempts
A major international bank required biometric security capabilities natively embedded in their SAP system as part of their internal checks and balances requirements. Extensive and successful proof-of-concept and penetration testing was performed before deciding on the implementation. Preventing insider fraud and ensuring compliance with internal procedures were also key drivers.
Areas to be secured included customer-facing personnel who would have access to depositors’ information. Also, inventory movement of funds and precious metals between vaults, recycling of old banknotes and such high-risk activities were high priority areas.
Automatic logging of restricted activities was required to assist with regulatory compliance.
Key Business Outcomes
Sensitive financial activities including large wire transfers, loan write-offs and more require biometric credentials and authentication
Ability to set threshold field values in certain transactions, above which threshold biometric re-authentication is triggered
Silent e-mail alerts and tamper-proof logging of failed activities indicating possible overstepping of a user’s credentials, providing a forensic trail