Founded in 1996, China Minsheng Banking Corp., Ltd. is a national joint-stock commercial bank, with investments mainly from non-state owned enterprises. It provides banking services to businesses and individuals at home and abroad via more than 350 branches in China. The bank also differentiates itself from many other state-owned and commercial banks by involving its business in a wide range of industry sectors and using modern enterprise systems. The bank is listed on the Shanghai Stock Exchange and the Hong Kong Stock Exchange.
To comply with strict commercial banking regulations, China Minsheng Bank implemented Oracle Access Management Suite Plus, Oracle Identity Governance Suite, Oracle Directory Services Plus, and Oracle Enterprise Single Sign-On Suite Plus—creating an integrated and scalable identity management platform. The bank simplified identity authentication and authorization across its heterogeneous, core business systems including Oracle’s PeopleSoft applications, SAP enterprise portal, and other enterprise solutions, minimized risk exposure, and supported strategic growth.
By using Oracle Access Management Suite Plus with Oracle Directory Services Plus, China Minsheng Bank standardized ongoing identity management and access control administration for over 40,000 employees, eliminating redundant workload to create and manage individual user identities, such as adding and deleting user accounts for each application. It also reduced operating costs and bolstered its ability to prevent fraudulent activities, such as illegal access to sensitive customer personal information.
In addition, China Minsheng Bank built a centralized directory server with Oracle Directory Services Plus and provided a single source of identity data for all applications. The bank can now quickly provision and de-provision users based on employment status and role requirements, improving operating efficiency. The solution also helped the financial institution to ensure identity data consistency and comply with banking regulations.
Thanks to Oracle Identity Governance Suite, the bank gained a comprehensive security platform to simplify account administration, including user registration, access requests, role lifecycle management, access certification, and closed-loop remediation. It also provides policy-based audit monitoring and detailed reporting capabilities, enabling system administrators to quickly view each user’s access privileges and identify potential violations due to job changes or other events. As a result, the bank significantly reduced application management complexity and minimized potential security threats.
Finally, China Minsheng Bank deployed Oracle Enterprise Single Sign-On Suite Plus to enable single-sign on for all applications and resources, including desktops, mobile devices, and social media. Users can simply use a single username and password to login and logoff all applications, eliminating the need to remember and manage multiple passwords, significantly enhancing user experience and increasing productivity.