Trust and credibility are the hallmarks of great financial institutions. Establishing and keeping up the trust are essential for their survival and growth. Finance accounts and clientele details need to be protected by strong passwords and role-based access control to the accounts should be in place. Governmental and industry regulations prescribe severe security measures for protecting passwords in financial institutions and require comprehensive audit records on each and every action on the passwords. Without a password management solution, there is no way to ensure compliance to such regulations.
PMP comes in handy for the finance heads in financial institutions, banking organizations, insurance companies etc by serving as a one-stop place to store and access the passwords of finance accounts. The role-based access control helps restrict access to the passwords only to the authorized users. Confidentiality of the details pertaining to clientele and their accounts could be ensured.
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