Plaid and Okta Partner to Deliver Secure and Seamless Access for Open Finance
SAN FRANCISCO, February 14, 2023 — Plaid, the data network that powers the tools millions of people rely on to live a healthier financial life, and Okta, Inc. (NASDAQ: OKTA), the leading independent identity provider, today announced a partnership and integration to help thousands of banks and financial institutions adopt OAuth and APIs for exchanging data with third parties. The partnership provides the financial services ecosystem a more secure way to accelerate their open finance initiatives and deliver seamless connectivity for potentially millions of consumers…
The Cyber Hut Comment: An interesting technical partnership announcement between Okta and Plaid - specifically for the Okta Customer Identity Cloud part of the business powered by the former Auth0 technology. Plaid are focused on open banking integrations for the financial services sector. This is a heavily API focused delivered model based on various different profiles of OAuth2 - the long running standard for protecting APIs in a RESTful / JSON based approach.
Keep reading with a 7-day free trial
Subscribe to IAM Radar - Identity & Access Management Vendor Intelligence to keep reading this post and get 7 days of free access to the full post archives.