As a supervisory authority, the ECB requires many different processes and supporting applications, all of which are supplied to users through a portal. The bank strictly controls access to these applications in accordance with the highest security standards. The bank adheres to a Zero Trust security model and requires European data residency for all its data processing.
Because of these strict requirements, the ECB could never use a fragmented approach to access control. Instead, they need a single identity and access management (IAM) platform that is flexible enough to delegate user and access management to the banks and other stakeholders under its supervision. That’s why the ECB chose to partner with OneWelcome.Download