Cross-site credential and physical access management, lots of highly secure zones to which access must be restricted
Financial Services
Challenges
Strict regulatory requirements such as DORA demand detailed auditing of physical access to branches, data centres, or vaults. High-value assets and sensitive customer data make insider threats and unauthorised entry major risks. Financial organisations must also manage complex access for employees, contractors, and third parties across many distributed sites. Legacy system infrastructure and the need to integrate many third-party systems further complicate secure and consistent physical access management.
Common PIAM requirements in the financial sector
Employees or contractors with privileged access to vaults, trading floors, or data centres pose significant risk.
Regulatory Compliance: Strict laws require detailed auditing and reporting of all physical access to sensitive areas
Providing rapid, secure access for first responders or crisis situations without compromising ongoing security is critical and difficult to manage.
Banks operate branches, ATMs, data centres, and offices across regions, making consistent access policies difficult.
Managing contractors, auditors, and service personnel with limited-time access while preventing privilege creep is complex.
Regulatory & compliance pressure
Financial institutions operate under strict frameworks. They must ensure data privacy, customer identity protection, and secure access across multiple jurisdictions. The challenge is to have a system in place that keeps pace with evolving regulatory demands while avoiding compliance gaps or fines.
Physical identity lifecycle & access control complexity
Financial organisations manage millions of users: employees, contractors, visitors. The challenge is ensuring the right access at the right time: avoiding privilige creep, and insider threats. Role-based access is a major hurdle.
Balancing security with user-friendliness
Employees, customers, i.e. visitors, and also contractors of financial organisations expect hassle-free physical access to facilities. The challenge is maintaining highest security without creating delays and user frustration.
How ID-ware’s PIAM Suite can support to master these challenges
Secure identity lifecycle & access management
- Cross-site physical access management for multiple locations
- Role-based access policies, ensuring that users can only enter authorised areas
- Automatic granting and withdrawal of physical access when roles change or contracts end
Centralised compliance reporting
- Automatically generates audit logs and compliance reports
- Policy-based access control: Enforces least-privilege and segregation of duties to meet regulatory requirements
- Continuous monitoring: Detects policy violations or suspicious activities in real time, ensuring ongoing compliance
Secure and unified credentials & reliable Contractor Management
- Secure, encrypted credentials according to the latest industry standards
- Key sovereignty and ownership of the master keys for your organisations
- Simple and reliable Contractor Management: Contractors can even manage themselves
Just contact us for more information!
All our departments and processes are ISO 9001 and ISO 27001 certified.
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