This podcast episode explores the fundamental aspects of Identity and Access Management (IAM), specifically within financial institutions. It highlights the unique challenges faced by these institutions due to stringent regulations and the need to safeguard against fraud and cyber threats. The discussion covers user identity lifecycles, access control models like RBAC and ABAC, and Privileged Access Management (PAM) and preferred IAM solutions, such as Microsoft Entra ID, Okta, and CyberArk, employed in the finance sector. Furthermore, the episode addresses IAM policy enforcement, emphasizing compliance requirements and the role of AI in modern security measures. The podcast underscores the importance of robust IAM frameworks in financial environments to ensure security and regulatory adherence.