IAM Automation Case Study for Financial Services

This case study outlines the implementation of Identity and Access Management (IAM) automation at Investors Bank, focusing on key business objectives within the financial services industry. The document details the challenges faced by the bank, including a lack of enforcement of policies across the IAM environment, delayed access provisioning for joiners, movers, and leavers, and the absence of a centralized identity repository. The proposed solution involves creating a centralized Identity Governance and Administration (IGA) repository to streamline processes and improve governance. The case study presents the goals of the IAM initiative, such as timely access provision, standardized policies, and enhanced visibility. It also highlights the successful automation of over 4000 joiner-mover-leaver tasks, which improved efficiency and reduced security risks. The impact of the project is documented, showcasing significant improvements in audit history and cost savings, as well as the establishment of a governance structure to mitigate risks associated with access management.