All financial institutions have multi-pronged data access control challenges, particularly when it comes to privacy and compliance.
They must protect each consumer’s privacy and confidential financial information while adhering to a growing number of global compliance regulations surrounding access control, segregation of duty, and the right to be forgotten.
As a result, a growing number of institutions are implementing authorization solutions. That said, if authorization is not done right, it can lead to large financial and brand repercussions.
Dynamic authorization delivers significant benefits to banks and other financial institutions, including controlled data access filtering and data masking.