TL;DR: Physical access in financial services often lags behind HR and identity changes, leaving badges, contractors and visitors with outdated permissions, according to AlertEnterprise. The governing problem is not just efficiency, but the failure of physical access to stay bound to joiner-mover-leaver events and audit evidence.
NHIMG editorial — based on content published by AlertEnterprise: identity-driven physical access for financial services
By the numbers:
- Only 20% have formal processes for offboarding and revoking API keys, and even fewer have procedures for rotating them.
- 91.6% of secrets remain valid five days after the targeted organisation is notified, showing a critical gap in remediation procedures.
Questions worth separating out
Q: How should organisations govern physical badge access across joiner-mover-leaver events?
A: Tie physical access to authoritative identity and HR events so badge rights change when someone joins, moves role, changes location or leaves.
Q: Why do manual access reviews create audit risk in complex environments?
A: Manual access reviews create audit risk because they depend on fragmented records, human reconciliation, and late-stage evidence gathering.
Q: What signs show that physical access governance is not keeping up?
A: Look for badges that remain active after role changes, inconsistent access policies between sites, and review evidence assembled from spreadsheets rather than governed workflows.
Practitioner guidance
- Connect physical access to authoritative identity sources Link HR and IAM triggers to badge provisioning, role changes and offboarding so facility access updates automatically when employment state changes.
- Build evidence-rich certification workflows Replace spreadsheet-based reviews with workflows that show current access, approvals, expiry dates and revocation status for each site or role.
- Time-box contractor and visitor access Require defined expiration dates for all temporary access and revoke automatically when the assignment or visit ends.
What's in the full article
AlertEnterprise's full article covers the operational detail this post intentionally leaves for the source:
- Identity-first physical access workflows for financial services environments with offices, branches and restricted sites
- Lifecycle orchestration across HR, identity, physical access control and visitor management systems
- Automated access review and certification features for compliance and audit evidence
- Contractor and third-party access handling with approvals, expiry dates and revocation controls
👉 Read AlertEnterprise's analysis of identity-driven physical access for financial services →
Physical access lifecycle control in financial services: what changes?
Explore further
Physical access governance fails when the joiner-mover-leaver model stops at the screen. AlertEnterprise's core premise is that identity changes should drive badge and visitor changes, which is the right control boundary for regulated environments. When that boundary is missing, the programme can certify digital entitlements while leaving physical access stale. The practical conclusion is that lifecycle governance must extend to the door, not stop at IAM.
A few things that frame the scale:
- 1 in 4 organisations are already investing in dedicated NHI security capabilities, with an additional 60% planning to do so within the next twelve months, according to The State of Non-Human Identity Security.
- Only 5.7% of organisations have full visibility into their service accounts, which shows how quickly access governance breaks down when state is fragmented across systems.
A question worth separating out:
Q: Why does physical access become risky when it is managed separately from IAM?
A: Because physical access can outlive the employment record if revocation is not tied to the same source of truth. A terminated employee may still hold a badge, and role changes may not remove old entitlements. Separate management creates drift, weak evidence, and unnecessary insider risk.
👉 Read our full editorial: Identity-driven physical access for financial services governance