Courion Customer SunTrust Banks Receives 5th Annual Digital ID World Award for Industry Leadership.Leading Commercial Bank Heralded for Vision and Results with Roles-Based Provisioning and Compliance FRAMINGHAM, Mass. -- Courion[R] Corporation, the provisioning specialist, today announced that SunTrust Banks SunTrust Banks, Inc. (NYSE: STI) is an American bank holding company. The largest subsidiary is SunTrust Bank. It had $182.2 billion in assets as of December 31, 2006. (NYSE NYSE See: New York Stock Exchange : STI STI systolic time intervals. ) has been awarded the Digital ID World Award for Industry Leadership. SunTrust was heralded for its market-leading identity management vision and the results it has achieved leveraging the Courion Enterprise Provisioning Suite[TM] solution to institutionalize in·sti·tu·tion·a·lize v. To place a person in the care of an institution, especially one providing care for the disabled or mentally ill. in automated roles-based provisioning and compliance across the organization. "The Digital ID World Award is dedicated to recognizing those organizations that have made a significant contribution to the digital identity industry," said Phil Becker, editor-in-chief, Digital ID World. "SunTrust has achieved what most organizations dream about - implementing automated roles-based access control for 80 percent of its user population with only 200 roles created. SunTrust's initiatives have enabled it to demonstrate true transparent compliance with access control provisions of SOX, GLBA GLBA Gramm-Leach-Bliley Act of 1999 (Financial Modernization Act of 1999) GLBA Gay and Lesbian Business Association GLBA Great Lakes Booksellers Association GLBA Glacier Bay National Park and Preserve , Basel II Basel II is the second of the Basel Accords, which are recommendations on banking laws and regulations issued by the Basel Committee on Banking Supervision. The purpose of Basel II is to create an international standard that banking regulators can use when creating regulations and other regulatory requirements. And most importantly Adv. 1. most importantly - above and beyond all other consideration; "above all, you must be independent" above all, most especially , SunTrust now has the infrastructure, automated business processes and policies to better manage the organization's constant change and to give it a clear advantage in a highly competitive financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. sector." A Courion customer since 2001, SunTrust leverages the Courion Enterprise Provisioning Suite to deliver automated roles-based provisioning, compliance access verification and self-service password management across all of the company's lines of business, including six operations centers, six customer call centers, 450 mortgage branches, and more than 1,800 retail banking locations, representing over 33,000 users. "Courion has been a strategic partner in helping implement a comprehensive solution that enables us to manage our changing workforce and, at the same time, minimize risk," said David Rowan, Senior Vice President, Enterprise Technology Risk Management, SunTrust. SunTrust Bank's original implementation brought measurable business value in speed, efficiency, and compliance by automating the provisioning processes for the online bank in just five months. This was followed by a similar deployment across the retail bank in just three months. "SunTrust and its team are exemplary because they have shown that it is possible to deliver concrete, relevant business value very quickly and in a way that can be leveraged to build a comprehensive provisioning and compliance solution that enables the lines of business," said Chris Zannetos, President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. , Courion. "The Digital ID World Award is yet another testimonial for SunTrust's industry leading accomplishments. Courion is proud to have played a role in helping them deliver their award-winning results." ABOUT SUNTRUST BANKS SunTrust Banks, Inc., headquartered in Atlanta, is one of the nation's largest banking organizations, serving a broad range of consumer, commercial, corporate and institutional clients. As of June 30, 2006, SunTrust had total assets of $181.1 billion and total deposits of $124.9 billion. The Company operates an extensive branch and ATM network throughout the high-growth Southeast and Mid-Atlantic states Mid-At·lan·tic States See Middle Atlantic States. Noun 1. Mid-Atlantic states - a region of the eastern United States comprising New York and New Jersey and Pennsylvania and Delaware and Maryland U.S.A. and a full array of technology-based, 24- hour delivery channels. The Company also serves customers in selected markets nationally. Its primary businesses include deposit, credit, trust and investment services. Through various subsidiaries the Company provides credit cards, mortgage banking, insurance, brokerage, equipment leasing Equipment Leasing is a financing option to lease equipment for a certain amount of time. Leasing Benefits
ABOUT COURION Courion's rapid business impact approach enables you to avoid the pitfalls of traditional user provisioning and achieve lasting business value. By eliminating dependencies, prerequisites, and other barriers to provisioning success, Courion is able to address the specific business needs of customers and provide both extensibility and adaptability to the changes that are the reality of today's business environment. Powered by the industry's most flexible provisioning technology, Dynamic Community[TM] set-based provisioning, Courion offers an integrated suite of solutions for user provisioning, role management, enterprise single sign-on Enterprise single sign-on (E-SSO) systems are designed to minimize the number of times that a user must type their ID and password to sign into multiple applications. The E-SSO solution automatically logs users in, and acts as a password filler where automatic login is not possible. , audit compliance and password management. For more information, please visit our website at www.courion.com. Courion is a registered trademark of Courion Corporation. Enterprise Provisioning Suite and Dynamic Community are trademarks of Courion Corporation. All other company and product names may be trademarks of their respective owners. |
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