IBM drives identity management

IBM has released Tivoli Identity Manager, a software solution designed to provide organisations with a centralised point to monitor user identities, and manage access to corporate IT systems, reports V3.

IBM says its latest version of Tivoli Identity Manager could help organisations reduce costs by tying together role, entitlement and identity management, separation of duties and access certification capabilities.

Venkat Raghavan, director of security, risk and compliance at IBM Tivoli, says: "Integrating governance and provisioning within IBM's identity and access management software simplifies user administration and compliance controls for our clients, while at the same time guarding against security threats."

PalmTree, a provider in business process improvement services, has revealed its new wholly owned subsidiary, e-Gility, as part of its plans to expand into the governance risk and compliance market, says PR USA.

Joan Flynn, CEO of PalmTree, says its new solution aims to streamline audit, governance, risk and compliance requirements.

The e-governance product provides companies with a customised solution to reduce the cost and simplify the process associated with compliance.

Reputational risk is the biggest concern for UK asset management chief risk officers (CROs), according to research by Ernst & Young, states Opalesque.

Dr Anthony Kirby, director in the Ernst & Young regulatory and risk management practice, says: “Asset management firms are facing increasingly severe risks as the recession continues. Failing to get CROs involved in new product development or the strategic direction process could result further down the line in disgruntled clients and investors or worse.”

The firm notes that most companies are taking risk assessments more frequently and that risk managers are moving beyond conventional credit ratings, instead using credit default swap prices to gauge risk.