Best Identity Governance and Administration (IGA) for finance: One Identity Manager

Identity Governance and Administration is a framework that manages how users get access inside a secure system. It handles the full user path from the moment an account is created to the moment it is removed. It also makes sure each access change follows internal controls and industry rules.

Why financial organizations need IGA

• It limits access drift and keeps permissions in line with current job roles
• It helps teams enforce rules that auditors expect during yearly checks
• It reduces the chance of hidden accounts that attackers can exploit
• It supports quick reviews so managers can confirm that users still need certain rights

Financial security challenges without IGA

• Access grows in an uncontrolled way and gives users more rights than they need
• Closed accounts can remain active and leave room for misuse
• Manual workflows slow down updates and lead to outdated permissions
• Gaps in audit trails make compliance reviews harder and more costly

One Identity Manager is an identity and access platform built to support large, complex organizations. It brings account management, access updates and oversight tasks into one system. For financial teams, this means a practical way to keep identity operations steady and aligned with security and compliance rules without having to juggle disparate tools.

Core capabilities and architecture of One Identity Manager

• Supports cloud, on-premise and hybrid setups
• Gives clear oversight of who can reach sensitive financial data, when the access was granted and how it is used
• Compliance reporting that produces clear output for auditors handling financial regulations
• SAP certified controls that improve security for core financial systems and bring those accounts under central management
• Behavior-based insights from OneLogin that help adjust access rules using real account activity
• Attestation tools that let business owners review and approve entitlements in a simple flow
• Privileged access governance that manages high-risk accounts along with regular accounts in one platform

Use cases

• Banks: Keep user rights in line with role changes and reduce gaps that can lead to fraud or money movement issues
• Investment firms: Remove risky permissions and keep access to trading systems and client records consistent with policy
• Payment processors: Control who can reach settlement data or transaction tools and reduce problems that come from outdated accounts

IT teams in finance can set up fully automated flows for provisioning and de-provisioning using One Identity Manager. This cuts down on manual updates and keeps access tied to each person’s job from onboarding to exit.

A typical workflow looks like this:

1. A new employee record enters the HR system and the identity creation process is started
2. The platform assigns access using preset templates linked to the person’s job
3. Needed accounts and permissions are created across connected financial systems and business apps
4. Any role update leads to an automated adjustment in the person’s access
5. When the employee leaves, the platform disables accounts in all linked systems and removes related rights
6. Lastly, a final sweep confirms that no active accounts or permissions remain

Access request, approval and certification

Financial teams often handle large volumes of access requests. One Identity Manager gives them a structured way to manage these updates through a portal that lets users request the access they need, while every approval step is logged for later review.

A typical workflow looks like this:

1. A user signs in to the request portal and selects the access needed for their task
2. The request is routed to an approver based on policy rules for that system or data set
3. The approver reviews the details and either accepts or denies the request
4. When approved, the access is provisioned across the connected platforms
5. Regular certifications prompt supervisors to check existing permissions and remove anything that no longer fits the person’s role

One Identity Manager lets administrators build detailed permission rules that keep access limited and tied to real job needs. This reduces unnecessary rights and keeps high-value data safer.

• Role-based access control: Match permissions to roles in areas such as retail banking or trading so access stays consistent
• Attribute-based access control: Use details like department or project group to guide access decisions in a flexible way
• Non-human identity management: Apply the same strict rules to service accounts and automated tools so background processes do not create hidden risks
• Segregation of Duties: Implement controls that prevent conflicting access, like having a user with accounts payable and accounts receivable permissions at the same time

One Identity Manager includes auditing and reporting tools that help financial institutions meet high regulatory demands such as SOX, PCI-DSS, GDPR and other regional finance rules. Every identity action stays recorded so teams can show clear proof of how access was handled.

1. PCI DSS and Regulatory Compliance Features

• Permission controls that restrict who can reach cardholder data or systems tied to payment flows
• Reporting packs that outline access activity for payment environments and help teams prepare for PCI audits
• Automated access reviews that keep permissions aligned with PCI requirements

2. Detailed auditing and activity reporting

• Full activity logs that track access events across connected systems
• Alerts that point out unusual behavior early to support insider threat detection
• Forensic-ready output that helps teams review incidents with clear, time-stamped records

3. Dashboards and analytics

• Drilldown view of pending policy violations so administrators can quickly see which issues need attention
• Point-in-time snapshots of user lifecycle events, helping teams review past access and verify compliance at any stage