Ping Identity’s financial services guide highlights how legacy IAM systems hinder agility, security, and compliance across banks and financial institutions. It urges modernization through unified identity platforms that consolidate fragmented systems, streamline access, and enhance fraud prevention. By integrating customer authentication and partner access within one platform, organizations reduce costs, minimize risks, and accelerate innovation. Statistics show 81% of consumers worry about data security, 49% of breaches stem from unauthorized access, and unified IAM can cut security-related calls by 45% while lowering costs by 65%, proving modernization drives both protection and digital transformation.

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