Continuous, formerly SMA Technologies, announced the acquisition of Sycorr, a provider of identity and access management software purpose-built for banks and credit unions. This acquisition strengthens the Continuous platform with enhanced security capabilities, enabling faster user access management, lower operational risk, and simplified compliance.
Identity and access management is a critical security control and regulatory requirement for banks and credit unions. Sycorr’s Permission Assist solution enhances the Continuous platform by providing stronger automation to simplify compliance and reduce risk.
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“Integrating Permission Assist addresses one of the most requested use cases from our clients and solves a major challenge in the financial services market by making access and compliance easier to manage at scale,” said Todd Dauchy, CEO of Continuous. “It gives banks and credit unions a more powerful way to reduce risk, stay audit-ready, and operate more efficiently.”
Sycorr’s Permission Assist solution:
- Improves operational efficiency: Automating access changes accelerates onboarding and offboarding, reduces administrative ticket volume, and allows IT and security teams to focus on strategic initiatives.
- Integrates simply: A centralized identity platform connects previously disconnected systems and provides full visibility across hybrid and remote environments.
- Reduces risk and streamlines compliance: Banks and credit unions can prevent failed audits by revoking terminated users promptly and enforcing least-privilege access consistently.
Source: Businesswire