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FAQ

Authorization is the process of determining what an authenticated user, application, or service is allowed to access and what actions they can perform. While authentication answers, "Who are you?", authorization answers, "What are you allowed to do?"

Modern, policy-driven authorization evaluates access requests in real time using identity, resource, action, and contextual information to enforce fine-grained access control.

Authentication verifies a user's identity, typically through credentials such as passwords, passkeys, or multi-factor authentication (MFA). Authorization takes place after authentication and determines which applications, data, APIs, or resources that authenticated user can access based on organizational policies and business rules.

Even after someone has successfully authenticated, they shouldn't automatically have access to every application, file, or piece of data. Authorization ensures users only access the resources they're permitted to use, helping organizations enforce least-privilege access and protect sensitive information.

Most banks manage access through roles defined at provisioning time — a trader gets a role, a teller gets a role, and those roles determine what they can do. Fine-grained, policy-driven authorization evaluates access at the moment of the request, using real-time attributes: who the user is, what they are trying to do, which data they are touching, and the context around that action. The result is that a trader can be permitted to view pricing data but blocked from seeing counterparty identity — enforced automatically, without custom code in every application.

Access control is the foundation of a Zero Trust strategy. While authentication verifies who a user or identity is, access control determines what they can do once inside.

In a Zero Trust model, access control is dynamic and policy-driven, evaluating contextual factors before granting or maintaining access. This ensures that every request is verified in real time, limiting permissions to the minimum necessary and preventing lateral movement across systems. Without fine-grained, context-aware access control, the “never trust, always verify” principle of Zero Trust cannot be fully achieved.

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