ForgeRock Blog

Comparing and selecting digital identity providers for CIAM (customer identity and access management) is a daunting task. With the fast-paced nature of business and technology today, you need to ensure that you’re not only able to meet all your current requirements, but those to come. So, where to begin?

As one of the leading and most comprehensive digital identity providers on the market, we keep a finger on the pulse of trends necessitating better identity.  As part of this ongoing practice, we have identified six important trends that are actively and interdependently shaping business and society — adding complexity to the landscape that organizations must navigate. To survive and thrive, organizations must be equipped to address each trend.

Virtual Banking is here. The recent issue of new Virtual Banking licenses in Hong Kong and the upcoming licenses in Singapore have spurred the need for building new age banking systems that leverage the latest technology stack. This is a great opportunity for some of the existing banks to re-imagine and rebuild their banking architecture, while for new entrants it’s an opportunity to define and build a modern banking solution; efficient and future proof.

An identity platform like ForgeRock is the backbone of an enterprise, with a view of all apps, identities, devices, and resources attempting to connect with each other. This is a very nice position to gather rich log identity data to use to prevent data breaches. In my previous blog, I discussed how we detect data breaches using identity logs.

The ForgeRock Identity and Access Management  Platform can be deployed in many different cloud services like AWS,  Google, Azure, and even in Alibaba Cloud very recently by a partner. Being able to support a cloud deployment model is one thing, but keeping up with the changes in the cloud at the pace they are happening is where ForgeRock excels.

On Tuesday, ForgeRock announced  the availability of its IoT Edge Controller, which provides consumer and industrial organizations with the ability to deliver trusted identity at the device level.  

My mother just called me, wondering why a week doesn't go by that she doesn’t read about yet another Fortune 100 company announcing some Blockchain initiative. She asked me "What is this chain thing, and why are some people so enamored with it?"

What is a DLT?

While I didn't (and still don't) have a clear answer for the latter, for the former I started by first trying to explain (and highlight the merits) of a system that has these “DLT" characteristics:

According to a recent Forrester report, The Future Of Identity And Access Management, identity-enabled microservices are fast-replacing complex and monolithic legacy solutions. Why? Microservices and API-based solutions show faster time-to-value, provide flexibility for changing requirements, and support mobile and IoT technologies. 

To create competitive advantage within today’s disruptive economy, organizations need to not only adapt to customer demands, but they also need the agility to turn on a dime in response to the ever-changing landscape of customer requirements and provide superior and engaging customer experiences --- whether it be online, in store, or across the entire omni-channel journey. In other words, within business, adaptability and agility are the most important attributes for long-term success.

Open Banking is a global movement. In some geographies it is driven by regulation; in others, it is driven by industry encouragement or organic business adoption. Beyond regulation, there is no doubt that the cost of screen scraping is significant, and secure Open APIs is a more cost effective, safe, and enabling solution. With Open Banking, the innovation possibilities for financial organizations and developers are limitless. Not only can Accounts and Payments APIs be made available as per the regulation, but other for-profit APIs can be opened.