[London, 23/11/2023] — Idax Software, a leader in identity and access management solutions, is pleased to announce the successful deployment of its AI cutting-edge identity analytics software at the Bank of England. The integration marks a significant milestone in the collaboration, as the Bank goes live with idax Software to streamline and fortify its entitlement review processes.

Idax Software was selected by the Bank of England for its key capabilities in enhancing security, optimizing workflows, and improving effectiveness in entitlement management. The integration of idax Software reaffirms the Bank’s commitment to adopting innovative solutions that elevate operational effectiveness and bolster security.

Key Highlights of idax Software Implementation at the Bank of England:

  1. Operational Effectiveness: idax Analytics streamline the entitlement review processes, reducing manual efforts and enhancing overall operational effectiveness for the Bank.
  2. Security Reinforcement: idax Software provides a robust security framework, safeguarding critical data and fortifying the Bank’s defences against evolving cyber threats.
  3. Compliance Efficiency: idax Software further enables the Bank to adhere to industry standards and regulatory requirements, ensuring a secure and compliant environment.
  4. Strategic Partnership: The collaboration between idax Software and the Bank of England reflects a strategic alignment in leveraging new technology to meet the challenges of modern identity and access management.

Mark Rodbert, CEO at idax Software, expressed enthusiasm about the successful implementation, stating, “We are delighted to partner with the Bank of England in enhancing their entitlement review processes. The adoption of idax Software underscores the Bank’s commitment to staying at the forefront of technology and security. We look forward to continued collaboration and innovation together.”

As the Bank of England goes live with idax Software, it reinforces idax’s position as a trusted solution for organizations seeking to enhance their identity and access management capabilities.