Nation’s best broker secures platform that facilitate over 800,000 trades per day with Sectona
Case Study | 2 min. read
About Kotak Securities
Kotak Securities is one of the oldest and largest equity broking institutions in India. As a subsidiary of Kotak Mahindra Bank, it was founded in 1994 with its headquarters in Mumbai. The company has a customer base of approximately 17 Lakh customers with over 8 Lakh trades per day catering to 393 cities in India. Kotak Securities is a corporate member of the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE). With a national footprint of 1539 branches, franchisees, and satellite offices, Kotak Securities has been adjudged the best broker by FinanceAsia Country Awards, 2019.
Industry
Banking
Challenge
Kotak Securities manages high volume trades and caters to customers across 390+ cities in India. With a strong focus on technology, they always believe in providing the best services to their customers without interruption. To ensure this, securing its IT backbone that supports the fast-paced nature of business is a priority. Summarizing the need:
- Securing and monitoring the access of internal users and third-party vendors to IT
- Managing access to cloud (AWS and Azure) workloads
- Automating password management and user lifecycle management across multiple sites
- Ensuring business continuity and redundancy with minimal room for downtime
Solution
Sectona with its modern architectural approach (Active-Active) provides Kotak Securities with the much-needed security framework and availability capable of securing high user access traffic to critical hybrid IT systems. The pre-packaged built-in vault of Sectona ensures that the system is highly available and the redundancy switch during failover is simpler and faster, helping achieve business continuity at minimal MTTR. Sectona also helps monitor user activities including that of third-party vendor access and enforce restrictions for users to access or execute specific applications and commands while working on target systems.
Benefits
Kotak Securities being a firm believer of Digital First, constantly works on innovating their technology platforms. To keep up with its fast-paced nature of business and service customers, securing their IT backbone is a priority. With Sectona, the company stays true to its mission and is able to solve the problem of managing diverse user access while optimizing resources and maintaining business continuity. Sectona helps them take care of their critical infrastructure access situated across multiple locations while achieving high availability.
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