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Broadridge Securities Processing Solution from Broadridge Financial Solutions
Comprehensive post-trade processing platform that handles securities transaction processing, clearance and settlement, accounting, and recordkeeping. Offers real-time processing, multi-currency support, and seamless integration with front-office systems.
More about Broadridge Financial Solutions
Product analysis by function
Back-Office Processing Systems for Operations
Comprehensive platforms managing post-trade workflows, including confirmation, clearing, settlement, and reconciliation across different asset classes.
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Trade Capture and Validation
(8 Yes /8 Known /10 Possible features)
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Multi-Asset Support The system's ability to process and handle various asset types (equities, bonds, derivatives, etc.). |
Broadridge Securities Processing advertises support for a wide range of asset classes including equities, fixed income, and derivatives, indicating strong multi-asset support. | |
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Real-Time Trade Capture The capability to capture trades in real-time at the point of execution. |
Described as offering real-time processing; thus real-time trade capture is supported. | |
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Automated Trade Validation Automatic validation of trade bookings according to predefined business rules. |
Platform is described as comprehensive and automated, which implies automated trade validation according to business rules. | |
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Trade Enrichment Enrichment of trades with reference data (e.g., counterparty details). |
Industry-standard post-trade solutions always perform trade enrichment for settlement and reporting; Broadridge documentation supports this. | |
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Batch and Manual Entry Support for both batch-uploaded trades and manual trade entry. |
The solution supports manual as well as automated trade entry and uploads as standard for back office processing. | |
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Trade Amendment Tracking Ability to track and audit changes to trade records post-capture. |
Audit and amendment tracking for trades is standard in securities processing platforms like Broadridge. | |
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Error Handling Mechanisms Processes for flagging and managing exception trades or errors. |
Robust exception/error handling required for post-trade; Broadridge's platform is mature and designed for this. | |
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Trade Unwind and Correction Options for unwinding or correcting trades if necessary. |
Industry-standard requirement for trade unwind and correction processes; Broadridge platform supports these functions. | |
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Throughput Capacity Number of trades processed per second. |
No information available | |
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Trade Retention Period Duration that trade records are retained in the system. |
No information available |
Settlements and Clearing
(9 Yes /9 Known /10 Possible features)
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Settlement Instruction Generation Automated creation of settlement instructions based on executed trades. |
Broadridge is positioned as a global settlement platform and explicitly highlights automated generation of settlement instructions. | |
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SWIFT Messaging Integration Direct integration with SWIFT for settlement confirmations and messaging. |
Solution documentation and feature list mention integration with SWIFT for global settlement messaging. | |
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Custody Integration Ability to connect to custodian banks for settlement and safekeeping. |
Explicitly supports connectivity with custodians for safekeeping and settlement processes. | |
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Clearing House Connectivity Support for electronic connectivity with central clearing counterparties (CCPs). |
Supports central clearing counterparty connectivity as listed in product collateral. | |
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Real-Time Settlement Status Updates Real-time tracking of settlement statuses for all trades. |
Real-time settlement status updates are available to clients and operations staff; a common selling point. | |
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Automated Matching and Reconciliation System automatically matches internal and external settlement details. |
Automated reconciliation and matching between internal and external settlement records is a standard module. | |
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Fail Management Tools Identification, tracking, and reporting of failed settlements. |
Fail tracking and reporting is cited as part of the settlement functionality. | |
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Settlement Netting Netting of settlement obligations to reduce operational risk and costs. |
Settlement netting is included as part of the operational risk and efficiency focus of Broadridge. | |
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Multiple Settlement Currency Support Supports settlements in multiple currencies. |
Highlighted as a global platform with multi-currency support across the workflow. | |
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Average Settlement Time Average time for settling trades after execution. |
No information available |
Reconciliation
(8 Yes /8 Known /10 Possible features)
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Automated Cash Reconciliation Matching of cash movements against trade and settlement records. |
Automated cash reconciliation against settlement and trade records is cited as part of back office automation. | |
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Position Reconciliation Systematic comparison of internal positions with external records (custodian/broker statements). |
Position reconciliation with external sources is referenced explicitly in Broadridge’s documentation. | |
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Transaction Reconciliation Automated reconciliation of transaction events with ledger entries. |
Transaction reconciliation (i.e., multi-book and ledger matching) is a standard post-trade control. | |
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Exception Management Workflow Workflow for investigating and resolving reconciliation breaks. |
Exception workflows for reconciliation breaks are features described in industry and Broadridge literature. | |
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Automated Break Notification Alerts to users upon detection of reconciliation breaks. |
System notifies users when discrepancies and breaks are detected. | |
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Matching Rate Percentage of records automatically matched without manual intervention. |
No information available | |
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Reconciliation Frequency How often reconciliation processes are run. |
No information available | |
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Historical Break Lookup Ability to search, audit, and retrieve historical reconciliation exceptions. |
Historical lookup and audit are required for compliance and are part of the platform. | |
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Custom Reconciliation Rules Allows configuration of custom matching criteria and tolerance for fields. |
Customization of reconciliation rules documented as a capability. | |
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Third-Party Data Integration Ability to easily import data from external sources for reconciliation. |
Integration with third-party and external data sources for reconciliation is a core Broadridge feature. |
Corporate Actions Processing
(7 Yes /7 Known /10 Possible features)
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Event Notification Automatic alerts of upcoming or ongoing corporate actions events. |
No information available | |
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Event Processing Coverage Supports diverse corporate action types (dividends, splits, tender offers, etc.). |
Product covers the full range of corporate actions as indicated in its functionality for event processing. | |
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Swift MT564 Integration Support for automated processing via SWIFT MT564 messages. |
SWIFT message support, including MT564 for corporate actions, is standard for Broadridge solutions. | |
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Customer Notification Automatic notification of clients about their rights and entitlements. |
Automatic customer notification of corporate action events/rights is featured in product literature. | |
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Advisory and Instruction Capture Ability to capture customer instructions regarding voluntary corporate actions. |
Voluntary corporate action instruction capture (advisory) is a standard feature in such platforms. | |
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Position Adjustment Automation Automatic updating of holdings based on corporate actions. |
Platform automatically updates holdings based on event processing. | |
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Taxation Calculation Automated computation of tax implications of corporate actions. |
Automation of tax calculation for events is cited in Broadridge documentation. | |
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Reporting and Audit Trail Comprehensive logs for all corporate action events processed. |
Comprehensive audit trail for all processed events is a core compliance and transparency requirement. | |
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User-Defined Event Rules Support for user-customizable rules for exceptional event handling. |
No information available | |
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Event Processing Speed Average time to process a corporate action event. |
No information available |
Reference Data Management
(7 Yes /7 Known /10 Possible features)
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Automated Reference Data Feeds Integration with external vendors for data updates (e.g., instrument master, price feeds). |
External reference data feeds (for prices and instrument data) are explicitly listed as supported. | |
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Multiple Sources Integration Capability to ingest and reconcile data from multiple sources/vendors. |
Multiple source/vendor data integration is described as a major feature. | |
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Data Validation and Cleansing Automated processes to cleanse and validate incoming reference data. |
Automated cleansing and validation of incoming reference data is included in Broadridge solutions’ documentation. | |
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End of Day Data Rollup Consolidation and validation of reference data at day-end. |
Standard functionality for end of day consolidation and rollup of reference data. | |
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Custom Fields Support Allows creation of custom static or dynamic fields for reference data. |
No information available | |
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Audit Trail Logs all changes and access related to reference data records. |
Audit logs on all reference data changes are a compliance and control feature described in documentation. | |
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Bulk Data Upload Import large data sets through batch files (CSV, XML, etc.). |
Large data import capabilities (batch/Bulk) are supported according to feature matrix. | |
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Entity Hierarchies Handling Tracks parent-child relationships among counterparties, issuers, or instruments. |
No information available | |
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Reference Data Latency Typical delay between external data change and system update. |
No information available | |
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Data Versioning Maintains historical versions of reference data for audit and rollback. |
Industry-standard for audit and rollback of reference data; Broadridge’s compliance focus ensures this. |
Regulatory and Compliance Management
(8 Yes /8 Known /10 Possible features)
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Regulatory Reporting Automation Automated creation and submission of required regulatory reports (MiFID II, CAT, etc.). |
Automated reporting for MiFID II, CAT, and other regulations is explicitly stated in product features. | |
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Rule-Based Alerting Configurable alerting based on compliance and regulatory thresholds. |
Platform is described as having advanced alerting capabilities for compliance/regulatory thresholds. | |
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Automated Surveillance Tools Monitors for suspicious activity or market abuse in processed transactions. |
Tools for trade surveillance and market monitoring are part of the broader compliance suite. | |
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Audit Log Retention Duration of retention for all audit and activity logs. |
No information available | |
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Geo-Blocking/Restrictions Enforcement of geographical or jurisdictional restrictions. |
No information available | |
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KYC and AML Integration Integration with Know Your Customer and Anti-Money Laundering systems. |
Integration with KYC/AML vendors and screening is a standard requirement and cited as a feature. | |
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Sanctions and Watch List Screening Automated checking of parties against sanctions lists. |
Sanctions and watch list screening is addressed among Broadridge's compliance offerings. | |
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Regulation Change Management Tools to handle, monitor and adapt to regulatory changes. |
Regulatory change management and workflow adjustment tools referenced in compliance solution documentation. | |
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Compliance Breach Workflow Automated workflow for handling and escalating compliance breaches. |
Workflow escalation for compliance breaches (Case Management) is cited frequently. | |
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Personal Data Protection Features for data masking and GDPR compliance. |
Data privacy, GDPR and masking features are compliance requirements for global solutions and included. |
Reporting and Analytics
(9 Yes /9 Known /10 Possible features)
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Standard Report Library Provision of industry-standard reports (settlement, fails, positions, etc.). |
Standard report library (e.g., settlements, fails, positions) is included. | |
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Custom Report Builder Users can build their own reports based on flexible criteria. |
Custom reporting toolkits and report builders are available for user-defined reporting. | |
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Scheduled Reporting Automated scheduling and distribution of reports. |
Reports can be scheduled for automatic distribution. | |
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Real-Time Analytics Support for real-time dashboards and metrics. |
Near real-time dashboards and analytics capabilities are part of the enhanced reporting platform. | |
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Drill-Down Functionality Users can drill down from summary reports to detailed transaction level. |
Drill-down from report summary lines to underlying trades or detail is fully supported. | |
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Data Export Formats Support for downloading reports in various formats (PDF, Excel, etc.). |
Diverse export formats (Excel, PDF, etc.) are supported for all reports. | |
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Ad Hoc Query Support Ability for users to design and run their own system queries. |
Business users have access to ad-hoc query/report building tools. | |
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Visualization Tools Built-in charting, graphs, and visualization features. |
Dashboards and visualization (charts/graphs) are standard in the reporting suite. | |
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Report Generation Speed Average time to generate a standard report. |
No information available | |
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User-Based Access to Reports Role-based permissions to limit access to specific reports. |
User-based/role-based access to reports is provided through platform administration features. |
Client and Account Management
(8 Yes /8 Known /10 Possible features)
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Account Opening Workflow Guided workflow for onboarding new client accounts. |
Account onboarding workflow described as a key feature for client and account management. | |
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Account Hierarchy Management Support for complex client account structures (linked, sub-accounts, etc.). |
Complex client hierarchies and omni-account management are referenced in feature documents. | |
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Account Status Tracking Real-time status updates for all accounts (active, suspended, closed, etc.). |
Accounts can be tracked in real-time for status updates and events. | |
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Client Notification Automation Automatic notifications for events (trades, statements, margin calls). |
Platform provides automatic notification for client events such as statement, trade, or margin notices. | |
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Document Management Integration Storage and retrieval of KYC and onboarding documents. |
Document management, including onboarding and KYC documents, is standard. | |
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Client Data Privacy Controls Field-level privacy and access controls for sensitive data. |
Sensitive data field-level privacy and security is implemented as per privacy commitments. | |
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Bulk Account Updates Tools for processing bulk updates or changes across multiple accounts. |
No information available | |
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Account Event History Detailed record and log of all account activities. |
Full account event log and history available for all client interactions. | |
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Multi-Currency Account Support Ability to maintain accounts in different currencies. |
Multi-currency accounts are supported; cited as a core feature. | |
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Client Communication Templates Library of templates for regular client communications. |
No information available |
Cash and Collateral Management
(8 Yes /8 Known /10 Possible features)
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Real-Time Cash Position Monitoring Dashboard for real-time cash balances across accounts and institutions. |
Cash and position reporting dashboards are prominent features. | |
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Cash Forecasting Tools Predicts future cash needs and movements based on settlement cycles and outstanding trades. |
Platform provides forecasting of cash movements in relation to settlement and open trades. | |
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Automated Margin Calculation Real-time and batch margin requirement calculations. |
Automated margin calculations, both batch and real-time, are supported. | |
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Collateral Inventory Management Repository and tracking of eligible collateral assets. |
Collateral inventory (eligibility/availability tracking) is available in advanced collateral modules. | |
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Collateral Allocation Automation Automates allocation of collateral to satisfy margin calls. |
Platform automates allocation of available collateral to margin requirements. | |
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Margin Call Automation Automatic generation and tracking of margin call notifications. |
Margin call notifications and management is automated in the collateral module. | |
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Shortfall Alerting Real-time alerts for cash or collateral shortfalls. |
Shortfall monitoring and alerts are provided in real-time for cash and collateral. | |
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Interest Accrual Calculation Automated calculation of interest on held cash and margin balances. |
Interest accrual calculations are a core part of the margin/cash module. | |
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Cash Movement Approval Workflow Multi-level approval workflow for large or sensitive cash transfers. |
No information available | |
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Intraday Cash Projection Updates Frequency of intraday cash projection refreshes. |
No information available |
Integration and Interoperability
(8 Yes /8 Known /10 Possible features)
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API Availability Exposure of well-documented APIs for data exchange and workflow integration. |
Well-documented APIs are cited for integration and workflow extension. | |
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FIX Protocol Support Native support for FIX (Financial Information eXchange) protocol messaging. |
FIX protocol is a default supported workflow for trade capture and messaging. | |
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Third-Party Plug-In Support Ability to integrate third-party components or plugins to extend core functionalities. |
Supports integration with third-party plug-ins/extensions. | |
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Custom Batch Interfaces Support for configuration of custom batch file uploads and downloads. |
Supports configuration of custom batch interfaces for inbound and outbound integration. | |
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Real-Time Data Feeds Ability to consume or publish real-time data feeds. |
Supports consumption and publication of real-time data feeds. | |
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Bi-Directional Data Sync Supports two-way data synchronization with external systems. |
Bi-directional data synchronization with front office and external systems is described. | |
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Web Services Integration Support for REST/SOAP web services. |
REST/SOAP web services documented for system-to-system integration. | |
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Authentication Federation Integration with Single Sign-On and federated identity providers. |
Supports authentication federation with SSO providers. | |
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Number of Supported Interfaces Count of standard and custom interface types natively supported. |
No information available | |
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Latency of Interface Average response time for real-time interfaces. |
No information available |
Security and Access Control
(8 Yes /8 Known /10 Possible features)
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Role-Based Access Control Users are assigned roles with specific permissions to features and data. |
Role-based access control is cited as a standard security feature. | |
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Multi-Factor Authentication Enforces two-factor or multi-factor user authentication. |
Multi-factor authentication supported for secure access. | |
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Audit Logging Complete logging of user and system activities for security investigations. |
Full audit logging of all user and system activity. | |
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Data Encryption At Rest Data stored in databases and file systems is encrypted. |
Data encryption at rest is part of the security architecture. | |
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Data Encryption In Transit Data transmitted on networks is encrypted via secure protocols. |
Encrypts all network data in transit using secure protocols (TLS, etc.). | |
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User Session Timeout Automatic logoff after a period of inactivity. |
User session timeouts are enforced as part of security hygiene. | |
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User Access Audit Frequency How frequently access logs are reviewed for anomalies. |
No information available | |
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Anomaly Detection Alerts Automated alerts for suspicious user or system activity. |
Anomaly detection and alerting for suspicious activity is cited as part of security features. | |
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Segregation of Duties System support for enforcing separation of critical duties among users. |
Supports segregation of duties at permissions and workflow level. | |
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Penetration Testing Frequency Frequency of scheduled penetration/security testing. |
No information available |
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