The Thales eBook on the state of workforce IAM in banking, financial services, and insurance reveals that 91% of organizations expect employees to access more apps and data, driving identity complexity. BFSI firms use an average of 3.9 IAM vendors, but 89% want to consolidate to reduce cost and risk. Ninety-three percent plan to modernize workforce identity systems, with budgets projected to grow by over 10%. Thales advocates a unified IAM model through SafeNet Trusted Access, offering MFA, SSO, and passwordless authentication to strengthen security, ensure business continuity, and simplify compliance across hybrid infrastructures.

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