Usability is King but Risks are High
Financial services organizations have complex authentication needs for diverse users: IT staff, partners, and knowledge workers all need layered, permissioned access to their systems and unparalleled visibility. Axiad solutions deliver on Finance’s most complex use cases.
Axiad customers in financial services are seeking two types of solutions for their staff and end users:
Credential management systems to streamline and simplify the complex credential workflows that support FIDO, OTP and PKI usage, as well as authentications for both users and machines.
Identity insight that provides views into their embedded, often invisible identity risks: whether they come from on-prem identity providers, cloud infrastructure, machines, hidden processes, SaaS solutions or partner integrations.
Axiad helps financial services customers address both scenarios, using the Axiad Conductor and Axiad Mesh solutions.
Key Challenges in the Financial Services Sector
Cybersecurity Threats
Compliance Requirements
Identity Insight is Critical (but Difficult)
Enterprise-wide Credential Management
Mergers and Acquisitions
Financial services organizations face ever-escalating risks from cyber attacks with phishing, credential theft, and adversary-in-the-middle (AiTM) incidents all on the rise in 2024, and forecast to increase in 2025.
Regulatory systems auditing financial services organizations have ramped up their authentication requirements, including the new PCI-DSS version 4, updated FTC guidance, and government-led demands for phishing-resistant MFA solutions.
Financial services teams are constantly evolving: adding new units, merging groups, and bringing on new services, both in SaaS systems and in legacy architectures. This evolution creates more identities. Unmapped and uncorrelated identities, in turn, open the door to cyber risks, many of which go unmitigated until it’s too late.
Managing and renewing credentials for financial services end users, IT teams, and infrastructure is complex and time-consuming. Especially as organizations grow. IT operations, security, and audit teams need this process to be simplified and streamlined if they are to keep up with the increasingly challenging threat environment.
The financial services sector sees as many mergers and acquisitions between entities as any other sector, and this trend won’t slow down any time soon. When mergers and acquisitions happen, IT teams need fast and proven ways to streamline authentication between the parties without sacrificing strength and rigor.
Cybersecurity Threats
Financial services organizations face ever-escalating risks from cyber attacks with phishing, credential theft, and adversary-in-the-middle (AiTM) incidents all on the rise in 2024, and forecast to increase in 2025.
Compliance Requirements
Regulatory systems auditing financial services organizations have ramped up their authentication requirements, including the new PCI-DSS version 4, updated FTC guidance, and government-led demands for phishing-resistant MFA solutions.
Identity Insight is Critical (but Difficult)
Financial services teams are constantly evolving: adding new units, merging groups, and bringing on new services, both in SaaS systems and in legacy architectures. This evolution creates more identities. Unmapped and uncorrelated identities, in turn, open the door to cyber risks, many of which go unmitigated until it’s too late.
Enterprise-wide Credential Management
Managing and renewing credentials for financial services end users, IT teams, and infrastructure is complex and time-consuming. Especially as organizations grow. IT operations, security, and audit teams need this process to be simplified and streamlined if they are to keep up with the increasingly challenging threat environment.
Mergers and Acquisitions
The financial services sector sees as many mergers and acquisitions between entities as any other sector, and this trend won’t slow down any time soon. When mergers and acquisitions happen, IT teams need fast and proven ways to streamline authentication between the parties without sacrificing strength and rigor.
How Axiad Strengthens FinServ Organizations
Phishing-Resistant MFA
Automated Credential Management
Identify, Quantify and Fortify Against Identity Risks
Zero Trust Architecture
Ecosystem Integration
Compliance Made Easy
Real Results for Financial Services
Future-Proofed with Axiad Conductor
“Axiad PKI addresses our use cases without increasing cost and complexity. We know that as we continue to update our cybersecurity infrastructure, we can count on Axiad to secure our users, machines, and more with their platform.”
Ready to Secure Your Financial Services Organization?
Take the next step in securing your financial services organization with Axiad’s solutions for credential automation and identity insight.
