5 Ways CIAM Enables Effective, Secure Business Partner Identity Management

5 Ways CIAM Enables Effective, Secure Business Partner Identity Management
madhav
Tue, 05/02/2023 – 05:40

Businesses and their partners must work together without barriers to maximize customer value. The difficulty lies in determining how to make the most of their collaboration in a flexible, scalable, agile, and secure way. At its core, this challenge calls for a robust CIAM platform to help connect and protect organizations’ business-to-business ecosystems. This is exactly what we will be discussing in this blog post.

The importance of centralized partner identity management

Seamless collaboration with your business partners often requires that you give them access to your organization’s applications or shared resources. However, in a digital world where each of your business partners’ users might already be juggling multiple identities, you don’t want to hinder their user experience by asking them to create yet another identity in order to access your apps or internal systems. At the same time, you might be dealing with an ever-expanding business ecosystem and managing dozens of partner identities on your own. To effectively manage the identities of your business partners, you must be able to centralize them so you can easily connect them, creating frictionless experiences for them that are also secure. And you can achieve this with the right CIAM technology.

How CIAM delivers a seamless digital experiece

Let’s examine a real-life use case to understand how CIAM delivers a seamless digital experience while ensuring security, privacy, and compliance.

Most of us know the European Central Bank (ECB). As a supervisory authority, the ECB requires a wide variety of processes and supporting applications, all of which are available to the users of the banks the EBC supervises through a portal. To provide the highest level of security, the bank strictly controls who can access these applications. The bank adheres to a Zero Trust security model and requires European data residency for all its data processing.

Due to these strict requirements, the ECB could never use a fra

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