Identity-Based Access in ECM Software
When it comes to ECM software, “identity-based access” refers to controlling how information is shared based on user-level considerations and security protocols. Typically, users must verify their identity prior to sharing or viewing information in the system.
Information Security Risks in Banking
Banks and credit unions routinely request, access, and manage a variety of sensitive information, such as borrower demographic data, account holder identification numbers, and employee records. Bad actors recognize this reality and continually look for new ways to intercept private information.
Financial institutions must implement advanced security protocols throughout the entire information lifecycle. Failing to do so increases risk for both the financial institution as well as the people it serves. The potential for data loss, identity theft, and compliance violations increases when proper safeguards are lacking.
Identity verification is a common technique for avoiding unauthorized access to information. Password-protected, person-specific user accounts serve as a reliable solution for reducing risk, especially as documents move between parties. Compared to traditional transfer methods, such as email attachments, systems that incorporate identity-based access better align with the need for security, control, privacy, and transparency.
Examples of Identity-Based Access in Alogent’s ECM Suite
Identity-based access is built into Alogent’s ECM suite. For example, with Alogent Document Portal, account holders, borrowers, applicants, and other third parties may upload documentation via password-protected user accounts. As a result, banks and credit unions can reduce their reliance on informal (and less secure) solutions while creating a more scalable, auditable intake process.
Identity-based access is also a key feature in FASTdocs, Alogent’s ECM system for enabling institution-wide imaging. Each team member is provided a unique account that can be associated with user groups for streamlined access to departmental or customer/member folders.
Contact Alogent to explore our ECM software for banks and credit unions
