PEER INSIGHTS REPORT

IAM Trends: Identity and Access in Banking, Financial Services, and Insurance

The Change Imperative

CIAM Trends: Identity and Access in Banking, Finance, and Insurance

Identity security challenges facing BFSI organizations

Banks, financial services, and insurance (BFSI) organizations have recognized the need for security from the industry’s inception in the days of physical security around bank branches, offices, vaults, and safes. 

Such organizations remain highly motivated to protect their assets and reputation in today’s era of digital transformation.

The research discussed in this eBook sets out to understand identity security concerns, motivations, challenges, and future trends relating to customer identity and access management (CIAM), external partner and contractor identities, and workforce identity and access management (IAM).

 

90 %

of respondents recognized identity as critical to high-priority security initiatives

75 %

of decision-makers surveyed said legacy identity tech is holding back innovation

25 %

of organizations expected customer identities to more than double over the next 12 months

CIAM Survey

About this research study

The research executed by Enterprise Strategy Group consisted of a survey of 475 IT and security decision-makers at BFSI organizations in the United States, United Kingdom, and Singapore who all reported involvement with or responsibility for their organization’s CIAM and third-party IAM processes and technologies.

Danny de Vreeze

Our survey of Banks, Financial Institutions and Insurance companies brings to light the real-world disconnects – between complexity and the urgent desire for consolidation.
Danny de Vreeze Vice President, Identity and Access Management Thales

Learn the IAM trends every BFSI organization should know

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