Anomalix
Comprehensive IAM Solution for Third Party Risk Management

Vetting and onboarding third parties is still a manual process that involves email, spreadsheets, and conversations. This increases the chances of data breach. In fact, reports indicate that one out of four breaches occur leveraging third-party credentials,” says Mohammed Elkhatib, Founder, President, and CEO, Anomalix.

Businesses’ reliance on third parties and non employees, including partners, consultants, affiliates, contingent workers, has grown exponentially in the past few decades to streamline their daily operations. However, unlike employee identities stored in a designated HR system, many businesses still lack a central repository for managing third-party identities. As a result, organizations fail to accurately track all non-employee and third-party assets and consequently, struggle to manage risks.

Changing this status quo is Anomalix. The company was founded in 2013 to help organizations create an omnichannel view of identity information and improve sales and marketing intelligence, reduce risk, and simplify governance compliance and reporting.

Anomalix’s idGenius platform is a patent-pending, cloud-based AI platform that enables businesses to utilize identity analytics to address critical problems across various aspects of digital and operational functions. It empowers organizations to start with a trusted identity that can be managed for identity lifecycles, governance, risk, and compliance reporting.

That’s not all! Through necessary due diligence and identity de-duplication across CRM and MDM records, idGenius facilitates API-based marketing and sales intelligence.

The idGenius platform consists of two modules— Collaborate and Crucial Cloud. The Collaborative module is intended toward mitigating third-party risk at the identity level. It serves as the authoritative source to store and manage third-party identities while automating identity vetting and third-party onboarding. On the other hand, the Crucial Cloud module focuses on public cloud security for AWS and Azure environments. This enables organizations to extend identity and access management, risk, and compliance to public cloud platforms and establish visibility for all accounts within those platforms. As a result, businesses can quickly identify who has ownership or access and build a consolidated list of all the assets in the cloud—be it infrastructure servers, applications, or databases.

The idGenius platform was built with compliance in mind—it’s not bolted on. It can also rightly adapt to the regulatory changes making it easier for businesses to comply with stringent regulatory requirements, including HIPAA, SOC2, and many others. This plays a vital role in reducing compliance costs and operational risks.

Unlike other solutions in the market, we are providing guarantees and assurances

To put things into perspective, one of Anomalix’s clients was spending more or less 90 days identifying, vetting, and onboarding third-party individuals. “We were able to streamline that process by reducing manual interventions. As such, the client today onboard third parties in three days,” adds Elkhatib. The client also witnessed a 33 percent cost reduction compared to the manual processes.

What differentiates Anomalix in the market is its ability to offer the most trusted identity management system that can automatically vet identity legitimacy. “Unlike other solutions in the market, we are providing guarantees and assurances,” Elkhatib concludes.