{"id":29754,"date":"2025-01-09T14:51:29","date_gmt":"2025-01-09T13:51:29","guid":{"rendered":"https:\/\/www.xalt.de\/?page_id=29754"},"modified":"2025-01-15T10:08:28","modified_gmt":"2025-01-15T09:08:28","slug":"identity-und-access-management","status":"publish","type":"page","link":"https:\/\/www.xalt.de\/en\/customer-success-stories\/identity-und-access-management\/","title":{"rendered":"Success Story Optimized Identity and Access Management FinTech"},"content":{"rendered":"
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Optimized Identity & Access Management - FinTech<\/h1>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t
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All results at a glance<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t
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-40 days<\/p>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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Reduction of the onboarding time to one day<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t
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\u2191Transparency<\/p>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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through automated reports and audit trails<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t
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\u2191Compliance<\/p>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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4-eyes principle improves compliance with ISO27001<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t
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The challenge<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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A leading fintech company (stock exchange) was faced with the challenge of improving inefficient and error-prone Identity & Access Management (IAM) processes. Manually managing access rights for over 600 employees and numerous external partners was leading to frustrating wait times and an alarming error rate of 15%. Onboarding times for new employees were particularly problematic, taking up to 40 days.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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The solution<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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XALT therefore implemented \"Advanced Access Management (XAAM)\" for Jira, a comprehensive solution for automating and optimizing IAM processes. The system enables access rights to be assigned quickly through automated processes that ensure new employees can be productive from day one. XAAM covers various use cases:<\/p>

Onboarding new employees<\/h3>

XAAM has reduced the onboarding time from 40 days to just 1 day. Automated processes ensure that new employees have immediate access to all the necessary systems.<\/p>

Freelancer management<\/h3>

For temporary employees, such as freelancers in IT development who only work for the company for a limited period of time, XAAM ensures fast and precise assignment to the required systems and later automated removal of access rights.<\/p>

Vacation replacement<\/h3>

The system makes it possible to efficiently manage and transfer temporary roles including their access rights for the time of the vacation replacement. The access rights are automatically adjusted after the specified time.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t

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\"<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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The partnership with XALT has been extremely productive and characterized by mutual respect. XAAM has revolutionized our IAM processes and helped us to significantly increase efficiency and security.<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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IT Manager at our client<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t
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The results<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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The implementation of XAAM led to significant improvements in the efficiency and security of IAM processes for our client in the highly regulated fintech sector. Key results include:<\/p>