Unveiling the Bank Security Secrets: How CIAM and Identity Verification enable seamless Onboarding

From idcentral.io

Due to the importance of its data, frequent audits, and the fines and financial implications of fraud, the banking and financial services sector is subject to some of the most stringent rules and monitoring in existence today. Technology platforms, procedures, and policies that guarantee your organization’s compliance and security are essential to keeping ahead in the banking industry in the digital era. Most importantly, identity and access control tools are the foundation of this essential technological infrastructure.

Let’s examine how identity management is now defined for banks and why a strong customer identification and access management (CIAM) strategy is essential to the success of digital transformation in the fintech industry.

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