/24-7PressRelease/ - CALGARY, AB, CANADA, May 02, 2007 - M-Tech Information Technology, Inc., a leader in enterprise identity management software reported today a growing market penetration in the US-based financial services vertical, where M-Tech IDM solutions have been licensed by numerous banking, insurance, investment and trust companies.
M-Tech financial sector customers include long-term clients such as Washington Mutual, Merrill Lynch, VISA, NASD, MetLife, AmSouth Bank, Thrivent Financial, Northern Trust, VISA, Fortis, Inc. and American Financial Group.
These customers enjoy IT cost savings, improved user productivity and hardened security through user provisioning workflow, effective password management and integration with security technologies such as hard disk encryption, smart card PIN unlock and one time passwords. M-Tech also assists customers with regulatory compliance, principally by helping them to find and remove stale privileges and by strengthening authentication processes.
Financial sector customers are among the leaders in adopting advanced IT security technology, and M-Tech has been able to assist with deployment and support of leading-edge security technology, including:
- Voice print verification as an authentication leading to self-service password reset.
- Integration with voice recognition, also for telephony-enabled password reset.
- Management of hard disk encryption keys.
- Unlocking smart card PINs.
- Managing passwords across thousands of distinct Unix servers (deployment.)
M-Tech integration with these technologies has made them much easier to support, and therefore more attractive to customers. Financial-sector M-Tech customers range from 2,000 to 200,000 employees. Among these customers, some have realized cost savings of as much as US$10M/year from M-Tech IDM Suite deployments.
About M-Tech
M-Tech is a leading provider of identity management solutions. M-Tech's solutions offer comprehensive password management, user provisioning, account provisioning and access management capabilities that provide organizations with improved security, increased productivity and effective policy compliance management. M-Tech's product suite has a wide range of licensed users ranging from mid-sized companies to global enterprise installations with hundreds of thousands of users. M-Tech is the only identity management software vendor to consistently prove an ROI in three to six months.
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