Regional Bank Achieves 100% SOX Compliance in 90 Days
How a mid-size regional bank transformed from 6-week manual SOX certification cycles to 3-day automated compliance with IGAX.
The Challenge
As a growing regional bank with $50B in assets, the organization faced increasing pressure from regulators and auditors to demonstrate SOX compliance. Their existing manual processes were becoming unsustainable as the bank expanded through mergers and acquisitions.
Manual SOX Certification
6-week manual certification process involving spreadsheets, emails, and countless follow-ups with department heads.
Zero Trading Floor Visibility
No real-time visibility into high-risk trading floor entitlements, creating regulatory and operational risk.
SoD Violations After the Fact
Segregation of Duties violations discovered during audits rather than prevented in real-time.
Complex Role Explosion
500+ role definitions accumulated over years with significant overlap and confusion.
The IGAX Solution
Modules Deployed
Identity Lifecycle Management
Automated joiner/mover/leaver workflows for all 2,500 employees across 150 branches.
Policy & SoD Engine
200+ SOX-compliant policies with real-time SoD detection and prevention.
AI-Powered Role Mining
Reduced 500 roles to 120 optimized, business-aligned role definitions.
Risk & Analytics Dashboard
Real-time risk scores and compliance monitoring for high-risk accounts.
Key Integrations
Results & Impact
Before IGAX
- 6 weeks for SOX certification
- Manual access provisioning (3-5 days)
- 15-20 SoD violations per audit
- 500+ overlapping roles
- 2 weeks audit preparation
After IGAX
- 3 days for SOX certification (95% reduction)
- Automated provisioning (<4 hours)
- Zero SoD violations (100% compliance)
- 120 optimized roles (76% reduction)
- 1 day audit preparation (90% reduction)
Key Success Factors
Executive Sponsorship
Strong support from the Chief Risk Officer ensured cross-departmental cooperation and resource allocation.
Phased Implementation
Started with high-risk trading floor access before expanding to all 150 branches, ensuring quick wins and momentum.
AI-Driven Role Optimization
IGAX's AI role mining eliminated years of role accumulation, creating a clean, maintainable role model.
Real-Time SoD Prevention
Shifting from reactive detection to proactive prevention fundamentally changed the bank's risk posture.