Financial institutions rely heavily on third-party vendors like payment processors, banking platform providers and fintech integrations to maintain operational efficiency. In fact, according to Verizon’s 2025
A useful way to evaluate a modern identity security platform is to look at three core pillars: strong authentication and access controls, Privileged Access Management (PAM) that reduces standing privilege and secure credentials and secrets management with continuous visibility.
In this blog, we’ll break down what those pillars mean, how they work together and how to evaluate and roll them out without creating gaps or friction as you scale automation and agent-driven workflows.
What a modern identity security platform is and why it matters
An identity security platform helps protect human and Non-Human Identities (NHIs), control access to applications and infrastructure and enforce policy with visibility across cloud and hybrid environments. Identity-based compromise is a common initial access path – in fact, identity-driven attacks surged 32% in the first half of 2025 alone, according to Microsoft. Attackers steal credentials, abuse weak authentication flows (including MFA push fatigue in some environments) and look for privileged access they can reuse.
At the same time, cloud expansion and remote access continue to broaden where identities can sign in from and what they can access.
This is no longer only about human users. Many environments rely heavily on Non-Human Identities (NHIs): service accounts, APIs, CI/CD jobs, automation scripts and, increasingly, AI agents that take actions on behalf of teams. These identities often end up with broad permissions and long-lived secrets because they need to run unattended.
Point tools can be effective for individual use cases, but they can also create gaps between Identity and Access Management (IAM), PAM, secrets management and logging. A platform approach reduces those gaps by aligning policy, enforcement and audit evidence so teams can manage identity risk end to end, including NHI and AI agent activity.
The pillars to look for in a modern identity security platform
Before you compare vendors or plan a rollout, it helps to define the capabilities that reduce identity risk in practice. The three pillars below form a practical foundation. Each supports the next, and omitting one often creates a blind spot elsewhere.
Pillar 1: Strong identity assurance and access control
This pillar is about making it difficult to impersonate an identity and easier to limit what identities can do. It starts with strong authentication like MFA and using phishing-resistant methods for higher-risk access when needed. It also means using risk and context to make better decisions, for example, requiring stronger verification for sensitive applications, unfamiliar devices or unusual sign-in behavior.
From there, access control should enforce least privilege through roles and conditional access policies. The goal is for identities to have access only to what they need, for as long as they need it. That applies to employees and contractors, as well as to NHIs and AI agents.
Lifecycle automation helps keep access control from drifting over time. Joiner-mover-leaver workflows should reliably provision and deprovision access. On the NHI side, lifecycle controls should cover service accounts, integrations, API clients and AI agents: how they are created, how permissions are granted, how secrets are rotated and how they are retired when the workload changes.
Pillar 2: Privileged access management that reduces standing privilege
PAM is best evaluated by outcomes: reducing standing admin rights, isolating high-risk access paths and controlling access to critical systems – with a detailed audit trail for everything in between. Modern PAM aims to make privilege temporary and controlled, rather than permanent and assumed.
Privilege should be granted for a specific purpose and time window, then expire automatically. Credential isolation is just as important because users, workloads and AI agents should not be given privileged passwords or keys directly. When privileged credentials are exposed, they can be copied, cached, logged or stolen and then reused.
Session recording and the ability to terminate sessions in real time help contain risk when something goes wrong. Command tracking, where appropriate, can add detail that accelerates investigations, and AI can be used in certain PAM platforms to automate the termination of high-risk sessions. Approvals and workflow enforcement add guardrails for higher-risk actions. Automated rotation helps close the loop so privileged credentials don’t remain valid longer than intended after use.
Pillar 3: Secrets, credentials and continuous visibility
Credentials and secrets are different, but the terms can overlap. Credentials typically support human access, while secrets support machine access – including API keys, tokens, certificates and AI agent credentials that power automation. What matters is managing both safely. In many organizations, secrets sprawl grows rapidly as pipelines and integrations multiply.
A modern platform should securely vault credentials and enable encrypted sharing so teams don’t rely on chat messages or spreadsheets. It should also manage secrets for applications and CI/CD pipelines – with automation hooks so workloads and AI agents can retrieve secrets securely without hard-coding them into repositories or build scripts.
Rotation should be policy-driven and automated, especially for machine secrets and agent credentials. Long-lived secrets are easier to steal and harder to track, and they can remain valid far longer than intended.
Visibility ties it all together. Centralized audit logs and compliance-ready reporting should show human actions and machine actions side by side, including which NHI or AI agent ran, what it accessed, what policy allowed it and what changed. Integrations with Security Information and Event Management (SIEM) and ticketing can make those logs useful in day-to-day operations, not just during audits or incident response.
See a modern identity security platform in action
Keeper® helps teams put these pillars into practice by unifying privileged access workflows, securing credentials and secrets and enabling audit-ready reporting. In practice, that means enabling time-bound access to high-risk systems, keeping privileged credentials and secrets centrally protected rather than distributed to users and scripts and capturing session activity to support incident response and compliance requirements.
Request a demo of KeeperPAM® to see a modern identity security platform in action.