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How Identity Management Drives Digital Transformation

Identity Management helps financial services remain competitive by delivering exceptional user experience while maintaining bulletproof security.

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 Trends driving digital transformation in finance

Trends driving digital transformation in finance

With innovation and disruption around payments and finance management in general on the rise, banks and other financial services are facing increasing pressure to stay ahead of the curve. This is where digital transformation comes in. What was cutting-edge technology yesterday is now a legacy infrastructure that must be re-evaluated in today’s rapidly changing, consumer centric world. A robust identity management solution can create a flexible environment for digital transformation, thereby helping tech executives realize revenue goals while eliminating security breach.

5 ways identity management drives digital transformation

5 ways identity management drives digital transformation

Identity Management is not just for operational efficiency, but it’s also a strategic business decision that impacts revenue and costs.

  1. Get a 360 view of your customers by centralizing user data from different applications.
    • Siloed data leads to missed opportunities and upsells.
  2. Collect more customer insight to build brand loyalty and personalized customer experiences.
    • Auth0’s rules engine allows flexibility to extract any data you need from authentication events to enhance user profiles.
  3. Get new products to market without custom writing auth logic.
    • Enabling secure authentication is literally a flip of a switch.
  4. Cut development time and regain IT/development productivity.
    • Auth0 is flexible, easy to integrate and scalable. Choose from any 40+ SDKs for any development stack.
    • Allow developers and IT to spend more time on core business logic.
  5. Provide a better user experience for the consumer that expects ease of use in addition to security.
Reduce the cost of security breach

Reduce the cost of security breach

For employees and customers that interact with banks and financial services on a wide range of devices, security is key to allowing applications to work as they should.

For internal employees, identity management should provide:

  • Real-time user provisioning and de-provisioning. Quickly onboard new employees and instantly offboard and prevent unauthorized access to former employees. 
  • Single Sign On that allows ease of governance.

For the consumer, identity management should provide extra layers of security while making the login process easy and smooth:

  • Biometric/passwordless login allows users to securely log in with email, SMS or Apple Touch ID. 
  • 2-factor and multifactor authentication with SMS or a third party token generator (Duo or Google Authenticator)
  • Anomaly detection and brute force protection will block the hacker’s IP address after too many attempts, and the application owner will be notified by email.
  • Breached password detection protects and notifies users when their credentials are leaked by a data breach of a third party, such as social providers.
How Scheider Electric acheived fast time to market with unified identity management.

How Scheider Electric acheived fast time to market with unified identity management.

With the help of Auth0’s customer success team, Schneider Electric implemented a quick and successful proof of concept trial.

“The Auth0 platform makes it easier for our developers and engineers to swiftly implement something ordinarily complicated. We’ve saved time, money, manpower (and a headache or two) when it comes to federated identity management. More importantly, Auth0 provides a value which translates to direct security and efficiency benefits for our company and a better user experience for our customers.”

— Stephen Berard, Schneider Electric

How Safari Books Online grew their customer base by offering Single Sign-On

How Safari Books Online grew their customer base by offering Single Sign-On

The entire implementation, from Web POC to mobile implementation to the pilot, took less than two months.

Setting up our application to integrate with one partner and then having that partner act as a service hub for dozens of identity systems helps simplify work for our core development teams, while allowing our customer base to grow exponentially.”

— Cris ConcepcionSafari Books Online

Try Auth0 for Free

Try Auth0 for Free

Capture business opportunities and enable digital transformation with a robust identity management solution. Auth0 can authenticate your users with any identity provider running on any stack, any device or cloud. It provides Single Sign-On, Multifactor Authentication, Social Login, and several more features. Built by security experts, Auth0 can be hosted anywhere and sits on top of existing infrastructure, making it the easiest way to integrate robust identity management.

Integrate Auth0 with any app or website for free. No credit card required. Copy and paste working code into sample apps provided to see how it works.

Or contact us for a demo of how Auth0 works.

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