IDBI Bank entrusts Nexus Smart ID to provide employees secure access to digital resources

Financial services firms are among the most targeted organizations by cyber-criminals the world over. Every year, millions of attempts are made to gain unlawful access to resources to acquire confidential corporate and customer data. If successful, these could result in monetary losses for the firms and distrust among the customers.

To mitigate this, IDBI Bank has been leveraging Nexus’ Smart ID Digital Access to enable 2000 of its employees to securely access digital resources with strong multi-factor authentication.

Smart ID Digital Access offers several multi-factor authentication methods including, authorization of users by access rules, and a single access portal for all available resources. Smart ID allows organizations to define processes for user access management to the right digital resources.

The Smart ID solution, Nexus team’s expertise, and the subsequent support convinced IDBI to further its trust in Nexus as the right solution provider for its requirements. This led to the extension of Smart ID Digital Access for provisioning secure access for another 2000 IDBI employees.

Nexus has extensive experience working with leading banks and financial services firms globally, that have been using our solutions for decades. With a 360˚ insight into the requirements and challenges that the sector faces, Nexus offers a solution that bridges the existing security and compliance gaps and is user-friendly, easily scalable, and cost-effective.

Nexus partnered with Inspira Enterprise – a leading digital transformation enterprise – for this project.

Published

About IDBI Bank
IDBI (Industrial Development Bank of India), established in 1964, is a full-service universal bank that serves the customers from all segments. As a universal bank, IDBI touches the lives of millions of Indians through a wide array of banking products and services. Besides, the bank has an established presence in associated financial sector businesses including capital market, investment banking and mutual fund business. It has 3,683 ATMs, 1,892 branches, including one overseas branch in Dubai, 58 e-lounges and 1,407 centres as of 1 February 2020.

Further information: https://www.idbibank.in/idbi-bank-about-us.asp

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