Search form opener FINANCIAL SERVICES Background image Utilizing Third Parties to Meet Operational Goals The financial services industry including insurance, like many industries, is being pushed by digital transformation to achieve greater levels of innovation while continuously advancing its commitment to superior customer experience. However, succeeding in the era of digital transformation means more than just expanding digital expertise, it requires a holistic approach to operational agility. One way that financial services organizations are improving operational agility is by utilizing growing and increasingly diverse numbers of third parties (contractors, vendors, partners, affiliates, volunteers, students, service accounts, and bots) to cost-effectively access skillsets required to meet operational needs. To achieve operational agility, financial services organizations must first ensure that these business strategies align to their risk appetite. However, while many perform third-party risk assessments for companies, most have no way to centrally track and manage the lifecycle and risk of the individuals who work for these companies and the access to enterprise assets they require. Financial Services is Second Only to IT in its Use of Third-Parties Background image Read our latest white paper on The Risk Management Blind Spot Download our latest white paper to read more on : Risk management best practices, Applying risk tolerance for third parties, Third-party identity risk management responsibilities, and SecZetta’s approach to third-party identity management DOWNLOAD NOW SecZetta Can Help Our solutions provide a comprehensive set of capabilities that help financial services organizations support operational agility initiatives by improving the efficiency and mitigating the risk of third-party user access. Specifically, SecZetta helps financial services organizations to easily manage the lifecycle of third-party users, verifying their identities, and being able to pro-actively (and continuously) administer audits, and assess their individual risk to the organization. SecZetta’s risk rating feature allows user identities to “inherit” the risk assessed to their employer through an organization’s third-party risk assessment but can also be assessed individually based on factors like their work history, location, role, and level of access. By risk rating each individual non-employee, organizations can ensure that access decisions are based on least privilege, meaning that users have the appropriate privileges to the appropriate resources at a specific point in time, and that access is terminated in a timely manner when it is no longer required. With SecZetta, financial services organizations are able to make well-informed, risk-based decisions about provisioning, verifying, and deprovisioning access for third-party users while facilitating the most competitive business strategies. Key Benefits Reduce Risk Increase Operational Efficiency Cut Costs Background image More than half of all data breaches can be traced to third parties and only 16% of organizations say they can effectively mitigate third-party risks. Opus Ponemon SecZetta Solutions Third Party Identity Risk Identity Collaboration Identity Lifecycle Identity Risk Identity Proofing Identity Consolidation Available Resources Third Party Identity Risk Solution for Financial & Insurance Industries Non-Employee Lifecycle Management Pictogram with SecZetta Identity Gap in Third Party Risk Management, White Paper Filling the Identity Gap in Third Party Risk Management with Forrester Trusted Customers SOLUTIONS ABOUT US RESOURCES MENU CONTACT REQUEST A DEMO SUPPORT LOG IN Newsletter Sign Up Sign up to stay updated with news, helpful resources & upcoming events. SIGN UP Solutions By Industry Healthcare Higher Education Financial Services Manufacturing Retail By Product Third-Party Identity Risk Solution Identity Consolidation Solution Identity Proofing Module By Role CISO IAM Human Resources Procurement Risk Management About Us About Us Upcoming Events Careers SecZetta News Support Our Partners Contact Us Resources Resource Library Request A Demo Request A Quote Industry Blog Non-Employee Cost Estimation Calculator +1.781.832.0767 info@seczetta.com © 2021 SecZetta Privacy Policy LinkedIn Twitter Facebook Website Design and Development by Interthrive We Use Cookies to Enhance Your Experience. By using this site you agree to our use of cookies. You are free to manage this via your browser setting at any time. To learn more about how we use the cookies please see our cookies policy. ACCEPT & CLOSE