One of the risks of the proliferation of Software-as-a-Service (SaaS) solutions is the need for multiple sign-ons. This was a sentiment expressed by Michael Radziemski, the chief information officer of Lord Abbett & Co.
I recently sat down with Mike Radziemski to discuss the $129-billion asset manager's IT strategy. The firm has made significant inroads in the area of cloud and mobility. But one of the challenges with that move is the fact that multiple third-party solutions can─if not kept in check─lead users needing to manage multiple login names and passwords. The key is to achieve a single sign-on.
Radziemski noted that there are some emerging technologies that help people to sign-on, but they're not that easy to use─yet. This is just one area where he hopes to see vendors improve their offering and make a functionally easy-to-use solution.
As noted in the story, email is another area that he'd love to put on the cloud, but he has yet to find a solution that meets Lord Abbett's regulatory and record retention needs. In addition, the firm is looking to buy a new portofolio accounting system that would come from a cloud-based provider because it would be a substantial benefit for Lord Abbett to move that out of the house.
Do you have an answer for single sign-on related issues? Shoot me an email ([email protected]) or give me a call (646-490-3973).
Jesse Lund talks about real uses for DLT in the capital markets, lessons learned while rolling out IBM's blockchain platform, and what’s ahead for 2018, and into 2019.Subscribe to Weekly Wrap emails