Team Avancer

Financial sector has evolved into a digitally capable, technologically savvy industry. It has also embraced various breakthroughs in IT Security while maintaining robust workflow based operations. Harnessing mobile technology to better consumer engagement in a secure manner is a revolution we are witnessing in the present times. Banking and financial institutions are reaping the benefits of using mobile banking in the recent past. This has given the institutions – operating in B2C and B2E applications – opportunity for enhancing customer engagement, reducing operating costs, and up-selling or cross-selling services. Banks now intent that their customers use less of traditional brick-and-mortar banking, and instead use mobile facilities for paying bills, checking account details or even apply for loans and credit cards. As ... Read More

The financial services market, including the banking sector, is monitored at Federal and State levels, and is subjected to various regulations. There are four main regulatory bodies at Federal level, namely – the Federal Reserve Board, Federal Deposit Insurance Corporation, the Office of Thrift Supervision, and the Office of the Comptroller of the Currency. In addition, the state legislatures and state banking authorities also have a vital role in regulation of state chartered institutions. The list of regulations for financial and banking sector is too long and managing these is an uphill task for a financial organization. Governance, Risks and Compliance (GRC) is quite important for financial organizations from regulatory standpoint. Recently, changes in regulations have taken place. The amended ... Read More

Telecom companies essentially work with a large user base that spans across national boundaries. The users believe that the telecom system can be relied upon for various transactions that could be financial or sensitive in nature. Within the telecom industry the digital identities created and access governance algorithm is very complex. Let’s look at a scenario. A single user with a single handset could be in possession of multiple identities – considering the number of applications synced. The security angle comes in when a user makes a financial transaction via mobile phone. At a business level, the telecom operator needs to manage access for employees, vendors, users and super users. From an Identity and Access Management standpoint, there are quite a lot of ... Read More

Businesses that are able to implement Identity and Access Management (IAM) technology in the right way are promised big rewards. However, CIOs and decision makers need to gain perspective on IAM implementation and make sure that their approach is progressive to get the best out of their IAM investment. A though strategic implementation of IAM tech can make all the difference to your business.Here are the things IT decision makers need to keep in perspective when they are at the stage of making IAM technology a part of their IT Ecosystem. Anticipating the Scale of Preparation it Demands CIOs first IAM implementation is often overlooks the need for expert intervention. While it may come across as a ... Read More

Healthcare, being a social sector is designed for public access and traditionally has not considered enforcing safeguards. An effective way to approach HIPAA compliance in a healthcare establishment is by ensuring that any myth related to the regulation is defied. It becomes crucial to gain deep knowledge about the regulations. As digitization of sensitive information in healthcare sector has taken on in full swing, service providers, be it large settings or smaller units, are perpetual targets of cyber thieves looking for information. If it surprises you that data (whether on premises or cloud) in custody of healthcare providers – from large hospital to small clinical settings to laboratories – are on the watch list of cyber criminals, then do not ... Read More

Did you receive a request for approval lately? Is that request lying on your inbox unattended? Is there any further clarification (or worse – a series of clarifications) required to process that request – perhaps a policy consideration which might require intervention of a super senior resource? What if you are required to take out all requests he has sent in? Isn’t that’s a pain in the neck? The term is Un-automated Workflow Syndrome / Un-computerized Workflow Syndrome. Think about intuitive intelligent IT systems that track each activity and enables users to take out relevant (and authorized) information at a click of mouse? Collaborative automation is about creation of intuitive systems made possible with IAM technology and that is undoubtedly one of ... Read More