TEL AVIV, Israel — August 3, 2020 — Auth0, the identity platform for development teams, and its partner MalamTeam, Israel’s largest local systems integrator, today announced they have been selected by The Tel Aviv Stock Exchange (TASE) to provide secure single sign-on for all of its customer-facing applications. For the first time, users will be able to access TASE’s main website, ‘MAYA’ corporate website, mobile app, and many other digital services using a single set of credentials, with advanced security features to protect against cyber attacks.
The Tel Aviv Stock Exchange plays a major role in the growth and development of the Israeli economy. Building on the launch of an English version of its MAYA website to make information more accessible to foreign investors, TASE wanted to provide a world-class login experience with a simple and secure customer identity and access management (CIAM) solution. They chose Auth0 for its security and extensibility — the ability to easily customize and add features like social login over time — and MalamTeam for its expertise as a local delivery partner.
Previously, each TASE application required a unique username and password. With the help of Auth0 and MalamTeam, TASE standardized its identity management and will offer SSO for customers across all of its current and future applications, including:
- TASE main website: https://tase.co.il/
- TASE info website: https://info.tase.co.il/
- MAYA corporate website: https://maya.tase.co.il/
- TASE Open API website: https://openapi.tase.co.il/tase/prod
- Mobile App - The Securities Exchange
- Document system for e-signatures
“The authentication solution from Auth0 represents a milestone for TASE that will allow us to better serve our customers and the Israeli business community. We no longer have to reinvent identity for every application, and that makes us more efficient and accessible as well,” said Uri Shavit, EVP, TASE CIO. “Our customers expect information at their fingertips, and this is the first time we’re enabling users to access all TASE applications with a single click. The flexibility of Auth0 means we can also customize the solution as our needs change.”
“We are grateful to Auth0 and MalamTeam for their support of our vision to make our data and information more accessible to investors and the fintech community,” added Assaf Kabakov, TASE project manager.
Auth0 also enables TASE to offer customers advanced security features like Anomaly Detection and Multi-factor Authentication (MFA) for blocking attacks and detecting stolen credentials. Customers who already have an account with TASE will be migrated seamlessly to the Auth0 platform without needing to reset their username or password.
“The login experience is often a customer’s first interaction with a brand, and they expect it to be both convenient and secure,” said Bill Lapcevic, VP of business development at Auth0. “TASE is proving that security and customer experience are not mutually exclusive. We’re pleased to work with our partner MalamTeam to let the good users in, and keep the bad actors out of TASE applications.”
Auth0 and MalamTeam signed a strategic partnership in Israel earlier this year. The two companies are committed to providing modern, componentized identity management solutions for Israel’s innovation ecosystem.
“With Auth0 and MalamTeam, Israeli companies have an opportunity to strengthen their user security and achieve great value for their organization,” said Amir Mesulam, CTO at Team Software, MalamTeam's software innovation division. “Auth0 provides TASE a single platform for all their authentication needs, internal and external, while enabling them to maintain robust security and advanced, yet simple control of their authentication flows.”
MalamTeam, the largest and the leading IT services group in Israel, provides a comprehensive range of computer services in the field of information technology. It is known for maintaining quality standards, customer service, and professionalism at an international level. The group combines innovation and decades of experience in setting up, implementing and integrating information systems. Its more than 3400 experts in a variety of information technologies are deployed throughout Israel at the facilities of the company and its customers. MalamTeam offers distinctive integrated solutions for all types of hardware, software, database and communications platforms; each of its business units specializes in a distinctive area.
Auth0 by Okta takes a modern approach to customer identity and enables organizations to provide secure access to any application, for any user. Auth0 is a highly customizable platform that is as simple as development teams want, and as flexible as they need. Safeguarding billions of login transactions each month, Auth0 delivers convenience, privacy, and security so customers can focus on innovation. For more information, visit https://auth0.com.
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