RSA ClearTrust® web access management software helps secure and consolidate online initiatives, leading to better user experience and streamlined administration
BEDFORD, Mass.— RSA Security Inc. (NASDAQ: RSAS), the most trusted name in e-security®, announced today that REFCO Group Ltd., LLC, a world leader in risk management and investment services, has selected RSA ClearTrust® web access management software to help manage user access to online financial information and provide single sign-on to multiple web-based services. A key component of an identity and access management system, RSA ClearTrust software helps REFCO protect personal customer data and financial information, reduce administration time and costs, and improve the efficiency and ease of use of the company’s various web resources.
With operations in 14 countries, $20 billion in assets and 250,000 customer accounts, REFCO provides its customers with online access to account statements, research reports and other financial information. However, with several REFCO businesses developing their own web initiatives, the company was looking for a way to manage its customer access to information and provide authentication across multiple web domains.
REFCO turned to RSA ClearTrust web access management software to help regulate which types of information each user could access online. The RSA ClearTrust solution provides REFCO with powerful capabilities for centrally managing user identities, authentication policies and user privileges across multiple applications and domains.
Prior to installing RSA ClearTrust software, REFCO customers applying for online services needed to fill out multiple application forms, each with its own user ID and password. With the deployment of RSA ClearTrust software, customers now only need to fill out one application, with one password, and indicate on the form which services they are interested in. By only having to review one application form for each customer, REFCO is able to approve or reject an application within six hours, versus the two to three days it took prior to using the single online application.
“With each REFCO business developing its own web initiative, we needed to find a solution for cross-domain authentication for users accessing their online financial data,” said Frank Stearns, web development manager, REFCO Group. “RSA ClearTrust software helps us protect our customers’ personal financial information and improve their overall online experience. At the same time, it also has allowed us to streamline our own administration and application processing.”
In addition, RSA ClearTrust software offers seamless interoperability with REFCO’s applications, databases and back-office systems, which include Brio Software’s business intelligence software working with an Oracle database, and Future Dynamics’ software for the financial services industry working with a Microsoft SQL Server. “We build a lot of our own applications, and because RSA ClearTrust software supports Java™ technology, we’ve been able to easily integrate the solution across our enterprise,” said Victor Leung, web security engineer at REFCO. “This integration saves a great deal of programming time associated with custom-coding and makes installation and startup of new applications a snap.”
“An identity and access management solution is key to efficiently and cost-effectively managing multiple digital identities across various applications,” said John Worrall, vice president of worldwide marketing at RSA Security. “As part of this solution, RSA ClearTrust software helps companies like REFCO streamline administration, lower IT costs and promote enforcement of consistent security policies – a strategic imperative that can have a direct effect on an organization’s bottom line.”
About REFCO Group LTD., LLC
REFCO Group Ltd., LLC (www.refco.com) is a diversified financial services organization with operations in 14 countries and an extensive global institutional client base. REFCO Group’s worldwide subsidiaries are members of principal U.S. and international exchanges, and are among the most active members of futures exchanges in Chicago, New York, London, Frankfurt, Paris, and Singapore. In addition to its futures brokerage activities, REFCO is a major broker of cash market products, including foreign exchange, foreign exchange options, government securities, domestic and international equities, emerging market debt, and OTC financial and commodity products. REFCO also maintains a significant presence in asset management through its Forstmann-Leff and Tilney (U.K.) subsidiaries. REFCO ranks as one of the top global clearing firms.
About RSA Security Inc.
With more than 12,000 customers around the globe, RSA Security provides interoperable solutions for establishing online identities, access rights and privileges for people, applications and devices. Built to work seamlessly and transparently in complex environments, the company’s comprehensive portfolio of identity and access management solutions - including authentication, Web access management and developer solutions - is designed to allow customers to confidently exploit new technologies for competitive advantage. RSA Security’s strong reputation is built on its history of ingenuity and leadership, proven technologies and long-standing relationships with more than 1,000 technology partners. For more information, please visit www.rsasecurity.com.
