How Does an Authorization Platform Help with Auditing and Compliance?

An advanced authorization platform significantly enhances auditing capabilities by providing centralized visibility, tracking, and reporting on all access decisions. Here’s how it helps with auditing:nnCentralized Logging: Authorization platforms record every access request and decision in a centralized log, capturing key details such as who accessed what resource, when, and under what conditions. This log provides a single source of truth for all access events, which is essential for auditing and compliance purposes.nnPolicy Change Audits: The platform tracks changes to authorization policies over time, including who made the changes, when they were made, and what specific adjustments were implemented. This enables organizations to review historical changes and understand how policies evolved to meet business or regulatory requirements.nnDetailed Access Insights: By offering fine-grained controls and reporting, the platform provides deep insights into which users or systems have accessed specific data or performed certain actions. This level of detail helps auditors verify compliance with least privilege and segregation of duties principles, ensuring that access is appropriately restricted.nnCompliance Support: Authorization platforms streamline compliance efforts by automatically generating reports that align with industry regulations (e.g., GDPR, HIPAA, SOX). These reports can demonstrate that the organization adheres to access control policies and that unauthorized access is consistently prevented.nnAn authorization platform simplifies the auditing process by providing comprehensive logs, tracking policy changes, offering detailed access insights, and supporting compliance with regulatory requirements, all while ensuring real-time visibility into access events across the organization.

PBAC for Financial Services

Modernization, Security & Data Compliance for Financial Services

Balancing data compliance, identity aware security, zero trust initiatives and fraud requires dynamic and contextual solutions, particularly for access control, while not sacrificing user experience.

PlainID’s market leading Platform can help drive business & revenue initiatives while balancing critical use cases managing access control across your organization. Whether you are protecting 3rd party / partner, broker access to sensitive data, rolling out a zero trust architecture, or modernizing applications, PlainID has the technology and experience to support a wide range of use cases for security, data compliance, modernization and user experience.

PlainID for Financial Services

Discover, Manage, Authorize

Data Compliance & Privacy for Financial Services

Compliance & Privacy challenges faced by financial services firms are second to none. Regulatory requirements for data compliance such as MNPI, GDPR, SOX & GLBA are rigorous and dynamic. Dynamic & Contextual access control with transparent auditable policy management can support and help ensure compliance.

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Customer Case Study

Read our Blog: Data Compliance and MNPI: How to Protect Sensitive Information with PBAC

Retail Banking / Delegated Access

Balancing world class user experience with security is critical in driving new revenue streams, competitive advantage and customer satisfaction. The competition to obtain, retain, and delight new & existing retail banking clients has never been more challenging.

Learn how fine grained access control policies can be created swiftly, simply and effectively while meeting the needs of the business to align with strategic market and revenue objectives.

Read our Blog: What Is Open Banking Delegated Access?

3rd Party Supplier Access

Third-party access in financial services introduces several key risks, primarily stemming from the reliance on external entities for operations and data management. These risks include increased cybersecurity threats, potential compliance violations, operational disruptions, and reputational damage.

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Customer Case Story

Customer Regulatory Blog

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