Press Release

New IAM solution for Thüringer Aufbaubank

Beta Systems implements role concepts in the IAM project with the GARANCY Identity Manager

Berlin, 24. September 2020 – The regulatory requirements of MaRisk are increasing rather than decreasing. The Thüringer Aufbaubank was no longer able to meet them with its previous IAM solution. Therefore, the company decided to implement the GARANCY Identity Manager from Beta Systems IAM Software AG. In particular, it allows the implementation of a role concept, which had previously only been practiced to a limited extent, with which the principle of “no right without a role” can be consistently applied.

The Thüringer Aufbaubank (TAB), including its subsidiaries, employs around 800 people, most of whom work at the main location in Erfurt. As early as 2016, the development bank had already introduced a tool for central identity and authorization management as part of an IT governance project. After one year of operation and in view of the drafts of MaRisk and BAIT, however, it became clear that the software would not be able to meet the increasing regulatory requirements in the long term in the form it was then in use.

Audit according to §44 KWG gave the impetus
An examination according to §44 KWG, ordered by BaFin and carried out by examiners* of the Bundesbank, confirmed the opinion of the TAB and gave the final impetus: The existing IAM concept should be reconsidered, a new solution should be purchased. Tommy Grimmer, head of the IT control department at TAB: “It was important to us that it had good usability and that it met all current and future requirements of MaRisk and BAIT – as far as foreseeable. That’s why we decided on the software from Beta Systems, not least because a number of other banks are already working with GARANCY and have reported positive experiences”.

Administrative effort for the assignment of rights is significantly reduced
With the GARANCY Identity Manager the TAB implements the basic principle “No right without role”. This means that rights are only applied for via roles, the assignment of individual rights is only done in exceptional cases. “With Beta Systems, the roles are really tailored to professionalism, positions and functions,” explains Cindy Schöneweck, compliance officer in the IT management of Aufbaubank.  From the basic principle follows:  People who have the same job description also have the same access rights and are assigned the same business role. For each new hire, exactly those who are needed for the job are now selected from an existing set of rights and roles. This significantly reduces the administrative effort involved in assigning rights.

4 core systems and 60 further applications in the IAM
The next steps in implementing the IAM concept are the first recertification and the establishment of further specialist, functional and organizational roles. In addition, the remaining applications are to be transferred to GARANCY. “What we appreciate about Beta Systems is that we always have permanent contact persons here and that support is also very easy to reach,” says Cindy Schöneweck.

End of the press release

 

About Beta Systems IAM Software AG
Beta Systems IAM Software AG is the largest independent European provider of identity and access management (IAM) solutions for companies. For over 30 years, Beta Systems has been supporting its customers from the financial services, manufacturing, trade and IT services sectors with software development and support “Made in Germany”. The access control solutions, which are tailor-made for large, international organizations, are aligned with compliance regulations. Beta Systems IAM Software AG is a 100% subsidiary of Beta Systems Software AG.

Beta Systems Software Aktiengesellschaft (BSS, ISIN DE000A2BPP88) was founded in 1983, is listed in the Scale segment of the German Stock Exchange and employs around 650 people group-wide. The company is based in Berlin – other important development sites are located in Cologne, Munich, Neustadt (Weinstrasse), Rietheim-Weilheim, Rengsdorf, Szczecin and Wroclaw. Beta Systems is active nationally and internationally with more than 20 of its own group companies and numerous partner companies. More than 1,000 companies around the world use products and solutions from the Beta Systems Group, making it one of the leading medium-sized and independent software providers in Europe.

 

Visit Beta Systems also on:
http://blog.betasystems-iam.com
https://www.linkedin.com/company/beta-systems-software-ag/
https://twitter.com/BetaSystems_IAM
https://www.facebook.com/BetaSystems/
https://www.xing.com/companies/betasystemssoftwareag

 

Company contact:
Beta Systems IAM Software AG
Thomas gr. Osterhues
Alt-Moabit 90d
10559 Berlin

Phone: +49 (0)30 726 118-0
Fax: +49 (0)30 726 118-850
E-mail: pr@betasystems.com