Magazine article American Banker

In Brief: Lydian Goes outside for User ID Solution

Magazine article American Banker

In Brief: Lydian Goes outside for User ID Solution

Article excerpt

Lydian Trust Co. develops most of its software in-house but turned to a vendor for user-identity-management software.

Though its application development work always included a security component, "we didn't have any common way of doing it," said John P. Studdard, Lydian's chief technology officer. "It was really beginning to become a drag on us."

The Palm Beach Gardens, Fla., parent of the $707 million-asset Lydian Private Bank picked DirectorySmart software from OpenNetwork Corp. of Clearwater, Fla., to manage user rights and access-control policies.

Mr. Studdard gave the example of an auto-loan origination program requesting a credit report on behalf of a certain employee. The OpenNetwork software verifies that both the program and the user have the authority to make the request and if so allows it to proceed.

The software went into service about 30 days ago, Mr. Studdard said in an interview July 2. It serves 400 to 500 employees on a variety of Internet systems, in addition to customers and their advisers, and business partners such as the brokers who feed its mortgage pipeline. Overall the software manages access rights for more than 50,000 users.

Lydian's first use of the software in a banking application was a customer relationship management program for the bank's wealth management division. It has four more banking applications in development, Mr. Studdard said.

"We don't like to have dependency on third-party developers," Mr. …

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