DZone Feature: How Banks Are Using ABAC to Balance Customer Security and Innovation
“To help balance regulatory compliance and the demand for mobile customer-centric services, financial institutions can look to ABAC for modern access control,” Axiomatics’ Gerry Gebel writes in DZone.
Protecting customer data is a major feat across industries, but the banking industry faces a particularly heightened challenge due to the constant threat of data breaches and the increasing demand for personal, digital, and customer-centric financial services.
Local and global banks alike have come to the realization that if authorization is not modernized, their regulatory compliance and digital initiatives will become even more challenging and costly to implement. In addition, new customer and sales enablement applications can be delayed or halted altogether.
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