下载PDF
Large Financial Services Company Expands Service Offerings with the Help of CyberArk’s Sensitive Information Management Solution
技术
- 应用基础设施与中间件 - 数据交换与集成
- 应用基础设施与中间件 - 数据库管理和存储
- 网络安全和隐私 - 安全合规
适用行业
- 金融与保险
适用功能
- 商业运营
- 质量保证
用例
- 预测性维护
- 监管合规监控
- 远程资产管理
服务
- 云规划/设计/实施服务
- 网络安全服务
- 系统集成
挑战
CyberArk works primarily with this financial services company’s business banking segment, which provides a number of financial products and services including business checking accounts, payroll management, accounts receivable processing and accounts payable processing. Before digital transfer and storage technology was available, many of the banking and treasury management services provided to customers were highly manual, requiring significant time and physical resources. This approach restricted the company’s ability to scale its business and create new competitive advantages. In order to expand its service offerings while still addressing the increasingly complex compliance and operations requirements, this financial services company needed a more secure, automated and operationally efficient approach to handling Cash Letter processing, Account Reconcilement Processes (ARP), Automated Clearing House (ACH) transactions, and Lock-box files. At a minimum, this would require transforming these files into digital assets that could be securely transferred, processed and stored. At the time, in the early 2000s, exchanging digital files was a challenge that required companies to develop in-house expertise around technologies such as File Transfer Protocol (FTP) and/or invest in expensive solutions that small to mid-size corporate customers couldn’t always justify. Even with the in-house expertise and expensive systems, many businesses couldn’t guarantee the security of electronically transferred files, nor could they guarantee that the system management processes would be governed properly. This company turned to CyberArk to help eliminate the need for complex, expensive and time-consuming communications technologies and instead move towards a more secure, automated solution.
关于客户
This large North American financial services company is among the 25 largest U.S. banking companies with assets totaling over $60 billion. The company has been a CyberArk customer for over a decade, and it continues to expand its use of CyberArk’s Sensitive Information Management Solution. As the company continues to develop new and innovative financial services for its business customers, the bank and its customers must be able to securely share sensitive financial information. With CyberArk’s solution, the bank and its business customers are able to quickly, easily and securely share the sensitive financial data needed to carryout financial transactions.
解决方案
CyberArk’s Sensitive Information Management Solution provides a fully governed business-to business Managed File Transfer solution that enables financial service organizations like this customer to securely exchange sensitive information, such as check images, accounts receivable files, accounts payable files, and lock-box files with its business customers. “To combat current economic challenges, our team is responsible for helping to generate revenues by developing innovative fee-based services. Any new corporate service we can dream up can be achieved through the Sensitive Information Management Solution – without having to stress the resources of the IT team,” said this customer’s VP Treasury Management. Thanks to CyberArk’s secure, automated and fully-auditable Sensitive Information Management Solution, this customer has been able to significantly grow its payroll services business and gain confidence in knowing that the exchange of sensitive financial data is both secure and compliant with industry regulations. Today, this customer provides payroll services to over 2,200 small- and mid-sized businesses and leverages CyberArk’s Sensitive Information Management Solution to securely exchange thousands of files per day with its customers. The CyberArk Sensitive Information Management Solution easily scales to meet increasing file transfer volumes and demand for new financial services. The solution has also improved this customer’s productivity and cost-effectiveness by streamlining and automating processes that were previously time-consuming and manual. Because the solution offers full governance capabilities and insight into who accessed what, CyberArk’s Sensitive Information Management Solution enabled this customer to easily meet all its security, audit and compliance requirements.
运营影响
数量效益
相关案例.
Case Study
Real-time In-vehicle Monitoring
The telematic solution provides this vital premium-adjusting information. The solution also helps detect and deter vehicle or trailer theft – as soon as a theft occurs, monitoring personnel can alert the appropriate authorities, providing an exact location.“With more and more insurance companies and major fleet operators interested in monitoring driver behaviour on the grounds of road safety, efficient logistics and costs, the market for this type of device and associated e-business services is growing rapidly within Italy and the rest of Europe,” says Franco.“The insurance companies are especially interested in the pay-per-use and pay-as-you-drive applications while other organisations employ the technology for road user charging.”“One million vehicles in Italy currently carry such devices and forecasts indicate that the European market will increase tenfold by 2014.However, for our technology to work effectively, we needed a highly reliable wireless data network to carry the information between the vehicles and monitoring stations.”
Case Study
Safety First with Folksam
The competitiveness of the car insurance market is driving UBI growth as a means for insurance companies to differentiate their customer propositions as well as improving operational efficiency. An insurance model - usage-based insurance ("UBI") - offers possibilities for insurers to do more efficient market segmentation and accurate risk assessment and pricing. Insurers require an IoT solution for the purpose of data collection and performance analysis
Case Study
Smooth Transition to Energy Savings
The building was equipped with four end-of-life Trane water cooled chillers, located in the basement. Johnson Controls installed four York water cooled centrifugal chillers with unit mounted variable speed drives and a total installed cooling capacity of 6,8 MW. Each chiller has a capacity of 1,6 MW (variable to 1.9MW depending upon condenser water temperatures). Johnson Controls needed to design the equipment in such way that it would fit the dimensional constraints of the existing plant area and plant access route but also the specific performance requirements of the client. Morgan Stanley required the chiller plant to match the building load profile, turn down to match the low load requirement when needed and provide an improvement in the Energy Efficiency Ratio across the entire operating range. Other requirements were a reduction in the chiller noise level to improve the working environment in the plant room and a wide operating envelope coupled with intelligent controls to allow possible variation in both flow rate and temperature. The latter was needed to leverage increased capacity from a reduced number of machines during the different installation phases and allow future enhancement to a variable primary flow system.
Case Study
Automated Pallet Labeling Solution for SPR Packaging
SPR Packaging, an American supplier of packaging solutions, was in search of an automated pallet labeling solution that could meet their immediate and future needs. They aimed to equip their lines with automatic printer applicators, but also required a solution that could interface with their accounting software. The challenge was to find a system that could read a 2D code on pallets at the stretch wrapper, track the pallet, and flag any pallets with unread barcodes for inspection. The pallets could be single or double stacked, and the system needed to be able to differentiate between the two. SPR Packaging sought a system integrator with extensive experience in advanced printing and tracking solutions to provide a complete traceability system.
Case Study
Transforming insurance pricing while improving driver safety
The Internet of Things (IoT) is revolutionizing the car insurance industry on a scale not seen since the introduction of the car itself. For decades, premiums have been calculated using proxy-based risk assessment models and historical data. Today, a growing number of innovative companies such as Quebec-based Industrielle Alliance are moving to usage-based insurance (UBI) models, driven by the advancement of telematics technologies and smart tracking devices.
Case Study
MasterCard Improves Customer Experience Through Self-Service Data Prep
Derek Madison, Leader of Business Financial Support at MasterCard, oversees the validation of transactions and cash between two systems, whether they’re MasterCard owned or not. He was charged with identifying new ways to increase efficiency and improve MasterCard processes. At the outset, the 13-person team had to manually reconcile system interfaces using reports that resided on the company’s mainframe. Their first order of business each day was to print 20-30 individual, multi-page reports. Using a ruler to keep their place within each report, they would then hand-key the relevant data, line by line, into Excel for validation. “We’re talking about a task that took 40-80 hours each week,” recalls Madison, “As a growing company with rapidly expanding product offerings, we had to find a better way to prepare this data for analysis.”
