Case Study: International Finance Investment and Commerce (IFIC) Bank achieves 40% hiring cost savings and improved security visibility with Palo Alto Networks

IFIC Bank maximizes security, gains better visibility into traffic and enhances manageability

IFIC Bank, one of Bangladesh’s largest banks with more than 1,400 branches and about 1.5 million customers, needed to consolidate multiple security products as it rapidly expanded. The bank faced challenges securing its DMZ and a new Card Management System (CMS), improving visibility and manageability across sites, protecting remote users, and meeting strict regulatory requirements.

IFIC Bank deployed Palo Alto Networks ML-powered Next-Generation Firewalls, GlobalProtect and cloud-delivered security services to consolidate vendors, gain granular traffic visibility, block phishing and web threats, and automate compliance reporting. The deployment secured financial data and the CMS, enabled seamless work‑from‑home access, saved an average of three hours per day on manual tasks, and avoided new hires—delivering an estimated 40% reduction in resource costs for security monitoring and reporting.

International Finance Investment and Commerce (IFIC) Bank

Showkat Ali

Manager, Network Administration