The leading knowledge platform for the financial technology industry
The leading knowledge platform for the financial technology industry

A-Team Insight Blogs

Sallie Mae and Société Générale Select SailPoint for Identity Governance and Compliance

Share article

SailPoint today announced that Sallie Mae and Société Générale have chosen SailPoint IdentityIQ to automate and streamline their identity related compliance processes. SailPoint IdentityIQ, an identity governance solution, helps corporations of all sizes keep track of who has access to critical applications, data and IT systems while greatly reducing audit and compliance costs. A comprehensive view of user identity data enables customers like Sallie Mae and Société Générale to more easily comply with regulations that require regular audits and certification of access privileges, including SOX, FISMA, Basel II, PCI and the European Union’s Data Protection Directive.

“As a publicly-traded company and financial services provider, we are subject to a variety of regulations including FISMA, SOX, PCI, and SAS 70,” said Jerry Archer, chief security officer for Sallie Mae. “To meet these requirements, we are standardising and automating our compliance processes for identity management, so that we can centrally control who gets access to sensitive resources and maintain compliance as the organisation changes over time. This centralised and automated approach allows us to proactively address risk and more efficiently maintain a compliant, secure environment.”

Identity governance provides companies with an enterprise-wide view of who has access to sensitive or proprietary information and applications. This allows them to analyse risk, make better decisions, and implement the appropriate controls for achieving and maintaining compliance. It also reduces the cost of compliance by creating a consistent, reliable and auditable process to manage access certification and policy enforcement.

“The compliance burden that global companies face will continue to grow in 2010 through additional industry regulations and stronger enforcement of existing mandates,” said Kevin Cunningham, president and founder of SailPoint. “SailPoint IdentityIQ provides companies with the necessary visibility to better understand the risks associated with user access privileges on sensitive information systems, allowing them to strengthen controls and automate compliance processes across the enterprise.”

Related content

WEBINAR

Recorded Webinar: How Financial Institutions can adjust to working in the New Normal

The very sudden impact of Covid-19 and resultant shutdown of physical sites has stress-tested financial institutions and vendors to their limits. Now banks and firms are slowly starting to re-open offices. But what will the new normal look like and what steps should you be taking now to make the most of this situation? This...

BLOG

RTSV Regulator Panel: Global Perspectives – The Outlook for Regulatory Compliance and RegTech in a Post-COVID World

Last week saw the launch of A-Team Group’s immensely successful RegTech Summit Virtual 2020, with five days of intense and exclusive live content across a myriad of platforms, panels, live chats, interviews and presentations. The event kicked off with a detailed debate on the post-pandemic outlook for regulatory compliance, hosted by Jo Ann Barefoot (CEO...

EVENT

RegTech Summit Virtual

The highly successful RegTech Summit Virtual was held in November 2020 and explored how business and operating models are adapting post COVID and how RegTech can provide agile and enhanced compliance for managing an evolving risk and compliance landscape. The event featured daily live keynotes, panel discussions, presentations, fireside chats and Q&A sessions with content available on demand over five days.

GUIDE

Regulatory Data Handbook 2020/2021 – Eighth Edition

This eighth edition of A-Team Group’s Regulatory Data Handbook is a ‘must-have’ for capital markets participants during this period of unprecedented change. Available free of charge, it profiles every regulation that impacts capital markets data management practices giving you: A detailed overview of each regulation with key dates, data and data management implications, links to...