A Unified Identity Platform like what One Identity offers several advantages for banking customers:
⭐ 𝐂𝐨𝐦𝐩𝐫𝐞𝐡𝐞𝐧𝐬𝐢𝐯𝐞 𝐈𝐝𝐞𝐧𝐭𝐢𝐭𝐲 𝐌𝐚𝐧𝐚𝐠𝐞𝐦𝐞𝐧𝐭:
One Identity provides a holistic approach to identity management, encompassing user provisioning, authentication, access control, and privileged access management (PAM). This comprehensive solution reduces the complexity of managing multiple point solutions and ensures a seamless user experience.
⭐ 𝐈𝐧𝐭𝐞𝐠𝐫𝐚𝐭𝐢𝐨𝐧 𝐚𝐧𝐝 𝐈𝐧𝐭𝐞𝐫𝐨𝐩𝐞𝐫𝐚𝐛𝐢𝐥𝐢𝐭𝐲:
A unified identity platform is designed to integrate seamlessly with existing IT infrastructure and systems, including core banking applications, directory services, and cloud platforms. This integration capability streamlines implementation and reduces the risk of compatibility issues that may arise when using disparate point solutions.
⭐ 𝐂𝐨𝐧𝐬𝐢𝐬𝐭𝐞𝐧𝐭 𝐏𝐨𝐥𝐢𝐜𝐲 𝐄𝐧𝐟𝐨𝐫𝐜𝐞𝐦𝐞𝐧𝐭:
One Identity allows banking customers to enforce consistent security policies across all IT environments, including on-premises, cloud, and hybrid environments. This ensures uniform security posture and reduces the risk of security gaps or inconsistencies that may occur when using multiple point solutions with different policy frameworks.
⭐ 𝐒𝐢𝐦𝐩𝐥𝐢𝐟𝐢𝐞𝐝 𝐀𝐝𝐦𝐢𝐧𝐢𝐬𝐭𝐫𝐚𝐭𝐢𝐨𝐧:
Managing a single unified identity platform is generally more efficient and cost-effective than managing multiple point solutions separately. It reduces the administrative overhead associated with training, support, and maintenance, allowing IT teams to focus their efforts on strategic initiatives rather than routine tasks.
⭐ 𝐒𝐜𝐚𝐥𝐚𝐛𝐢𝐥𝐢𝐭𝐲 𝐚𝐧𝐝 𝐅𝐥𝐞𝐱𝐢𝐛𝐢𝐥𝐢𝐭𝐲:
One Identity is designed to scale with the evolving needs of banking customers, whether they are expanding their operations, integrating new technologies, or accommodating changes in regulatory requirements. This scalability and flexibility enable organizations to future-proof their identity management infrastructure and adapt to changing business conditions more effectively.
⭐ 𝐂𝐨𝐬𝐭-𝐄𝐟𝐟𝐞𝐜𝐭𝐢𝐯𝐞𝐧𝐞𝐬𝐬:
While point solutions may appear to be more affordable initially, the total cost of ownership over time can be higher due to the need for additional integration efforts, maintenance, and support. A unified identity platform like One Identity offers a more cost-effective approach by consolidating these costs into a single solution.
Overall, a unified identity platform like One Identity provides banking customers with a more efficient, secure, and cost-effective solution compared to point solutions, offering greater integration, consistency, and scalability to meet the complex identity management needs of the banking industry.
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Board Member, Advisor and Recovering CEO
4moThis is a great acquisition for SecureAuth Corporation. Kudos to the K1 Investment Management deal team led by William Johnson Zoe Markowitz and Chance Lacey for sourcing, evaluating and closing this deal in a few short months. Well done!