Identity & Access Management (IAM) in the Banking Industry
Identity & Access Management (IAM) 1. Introduction 1.1 Purpose This Identity & Access Management (IAM) framework is designed to establish standardized policies, procedures and controls for managing user access to various applications within any organization. The framework aims to ensure the confidentiality, integrity and availability of those applications while maintaining compliance with regulatory requirements. 1.2 Scope This framework covers all aspects of user access, including onboarding, modifying, role-based access control, periodic reviews and offboarding, across all applications within an organization. 1.3 Objectives • Ensure data confidentiality and integrity. • Implementation of Principle of Least Privilege (POLP) and Segregation of Duties (SoD)....