Security News > 2021 > April > Cloudentity partners with Okta to deliver zero trust authorization for open banking services

Cloudentity and Okta are delivering on the promise of zero trust authorization for open banking services.

Open banking enables customers, partners and employees to access applications, data and services regardless of their location, device or network.

The open banking market is expected to grow to $43.15 billion by 2026, as it is rapidly becoming the security cornerstone for enterprises adopting cloud and building the next generation of business, partner and consumer services.

Cloudentity delivers on the open banking promise with dynamic authorization and security and privacy guardrails that reduce development costs by up to 85%. Powered by Cloudentity's Dynamic Authorization, automated governance and machine learning technology, and combined with Okta's CIAM platform, the integrated solution automates the onboarding of APIs and cloud services into Okta's CIAM ecosystem.

The integrated solution from Cloudentity and Okta is available in the Dynamic Authorization Open Banking Sandbox, a proven model environment that offers a reference architecture and the infrastructure for enterprises deploying API-driven services.

The Sandbox allows enterprises to quickly and securely add Open Banking and Payments Services Directive 2 support via Cloudentity's fine-grained Dynamic Authorization and Okta's identity platform.

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