76%

of consumers demand personalized experiences from their providers

Transform Financial Customer Experiences

Digital identity is a critical enabler of seamless and hyper-personalized experiences. While financial service customers tolerate friction in exchange for security, they expect choice, flexibility, and ease of use whether they are onboarding, transacting, consuming value-added offerings or delegating access. Digital identity is key to delivering these experiences across all your channels.

50%

of data breaches are attributed to unauthorized access

Secure the Financial Services Ecosystem

Digital identity is critical to securing access across all workforce and B2B access journeys. Managing the full identity life-cycle across these touch-points is critical as entitlements, policies, and access certifications while enforcing Zero-Trust security is becoming increasingly complex. Digital identity is key to securing your rapidly growing financial services ecosystem.

86%

of financial service executives plan to increase their investments in AI

Accelerate Financial Innovation

Digital identity enables digital and business model innovation across financial services. Rapid advancements in decentralized identity, verified credentials, identity verification, dynamic authorization, and financial-grade APIs is pushing leading providers to increase their innovation budgets. Digital identity helps to enable open banking, open finance, embedded finance, and banking-as-a-service and industry innovation.

76%

of financial service providers have experienced an increase in their compliance costs

Achieve Regulatory Compliance

Digital identity helps financial service providers accelerate compliance with privacy, information security, payments, and access governance regulations, worldwide. Beyond that, digital identity helps the industry capitalize on emerging standards to drive access security and unleash new opportunities for innovation.

300%

Increase in customer engagement driven by CIAM

Accelerate Hyper-Personalization

Building a real-time 360-degree view of customer needs across web, mobile, hybrid, and partner channels is critical to delivering hyper-personalization and driving upsell. Ping Identity customer IAM capabilities (CIAM) help leading financial service providers accelerate seamless and secure experiences at scale.

15%

of breaches involved a third-party

Secure Workforce and B2B Access

Enabling externalized policy-based access control and converged identity governance and administration (IGA) across all workforce and B2B journeys is critical to enforcing Zero Trust security. Ping Identity IGA, workforce and B2B access management, and dynamic authorization capabilities help leading financial service providers secure their ecosystems.

94%

uptake of BankID across Nordic countries

Unleash Innovation

Combining verified credentials, cutting-edge identity verification, and fine-grained authorization with third-party extensibility is helping innovation leaders develop customer-centric experiences, strengthen security, and create new revenue streams. Ping Identity is an innovation leader in converged IAM solutions for the financial services industry.

76%

of financial service providers have experienced an increase in their compliance costs

Achieve Compliance at Lower Cost

Leading financial service providers leverage converged IAM to achieve compliance with GDPR, CPPA, CDR, and other emerging privacy regulations worldwide. These very providers leverage IAM as a strategic asset to strengthen cybersecurity and digital operational resilience while taking advantage of standards to differentiate.