Cosmos Bank Deploys RSA's IAM Solution

The Cosmos Co-operative Bank (Cosmos Bank), Pune, has worked with RSA - the security division of EMC- to deploy RSA’s Identity and Access Management (IAM) solution. The deployment is part of Cosmos Bank’s overall growth strategy to launch new initiatives, including Internet banking operations in the near future.

Commenting on the deployment, Mukund Abhyankar, chairman, Cosmos Bank, said, “The adoption and deployment of an integrated Identity and Access Management solution is in line with our business vision to enhance assurance in core banking operations as well as offer a safer online internet banking experience to our customers.”

“We are delighted that Cosmos Bank has chosen RSA’s Identity and Access Management solution. We are confident that RSA’s IAM solution will encourage more applications to be added and in turn more information to be made accessible to internal employees,” remarks Srikiran Raghavan, regional sales head, RSA.

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Pramod D Parkhi, director, IT Committee, Cosmos Bank, believes, “It is imperative that we strengthen our security infrastructure to give confidence to our customers. RSA was information security focused and a one-stop provider for each of the areas the bank sought to address: building and logical access security integration, attendance integration, web access management and application security, strong authentication, single sign on, user management and automated compliance and reporting.”