The future of unified workplace access

The future of unified workplace access

HID Global
Published by: Research Desk Released: May 07, 2020

Banks and financial institutions are undergoing a physical transformation and rebirth. As logical and physical security continues to converge, access control and identity management continue to pose numerous challenges. In a time where a bank’s ability to store and safeguard customer data is heavily scrutinized, vulnerabilities in a security program could be more than detrimental—they are devastating to the bank’s brand, stock and future. When a siloed approach to logical and physical access once was enough to safeguard a bank’s entire operations, managing the workforce and visitors has become increasingly complex. As the financial services market continues to disrupt, security operations must follow suit to keep up. It’s time to disrupt the traditional, siloed approach and transition to a unified model that converges identity and access management across multiple, and often different, access control environments. By doing so, financial institutions can: