Clarien Bank Enhances Data Security and Compliance with Fortanix Tokenization
Customer Profile
Clarien Bank is a leading commercial bank in Bermuda, serving a large number of retail and corporate customers. With a growing clientele and increasing regulatory scrutiny, Clarien Bank is committed to upholding the highest standards in data protection, privacy, and digital trust.
Products
Data Security Manager
Business Challenge
Clarien Bank was moving fast on its core banking modernization but needed to address key security and compliance concerns as well in that pursuit.
- Ensuring Integration Without Disruption: The bank used a mix of inhouse systems, third-party tools, and partner services. The new solution had to fit in smoothly, without major changes to existing workflows.
- Reducing PCI-DSS Compliance Scope: Every system or person with access to credit card data came under the scope of PCI-DSS. The goal was to minimize such access to simplify audits and reduce costs.
- Keeping Card Data Out of Core Systems: To speed up the project and minimize costs, they wanted to avoid storing or processing sensitive credit card data inside the core banking system. Handling PCI data would have added layers of complexity and delayed timelines.
- Planning for Pervasive, Long-Term Data Protection: Clarien Bank needed a platform that could support protecting other types of sensitive data and future compliance requirements. Whether for PII protection, data residency compliance, or AI data governance, the solution had to scale across business units and data types. They preferred a solution that would suit organizational agility and avoid redoing foundational work later.
Fortanix Solutions
Clarien Bank chose Fortanix Data Security Manager (DSM) primarily for its comprehensive tokenization, fast and seamless integration with their existing systems, and flexibility to address future needs. Here’s how the solution addressed the bank’s challenges:
Comprehensive Tokenization
Fortanix provided vaultless tokenization, enabling Clarien Bank to protect sensitive fields (like credit card PAN) while preserving the original data format for downstream systems. This enabled the bank to tokenize sensitive data at the point of capture, before it touched internal systems, and only de-tokenize it when needed at the edge.
Audit-Ready Logging and Reporting
Fortanix DSM offered built-in audit trails, making it easy for Clarien Bank to respond to audits, demonstrate compliance with data protection regulations, and streamline internal reporting.
Seamless Integration and Fast Deployment
The solution integrated smoothly with the bank’s existing systems and partners, thanks to simple real-time and batched APIs.
Agility
The Fortanix solution is a versatile data security platform that will help the bank meet other data security and compliance needs going forwards.
Customer Benefits
The bank can now confidently meet the audit requirements for industry data protection standards.
Centralized tokenization reduces potential exposure of sensitive data to employees and partners.
By securing sensitive data, Clarien Bank is reinforcing its commitment to digital trust, resulting in stronger customer relations.
With the Fortanix platform deployed, new apps and services can go live faster without security bottlenecks.
