PwC and Okta: delivering cloud identity solutions
Okta is a cloud identity platform focussed on enabling organisations to use technology securely, as Paul Rooke, Managing Director - GSIs and Advisories, explains: “We promise to always protect the identities of our customers’ work force and their customers. We have 14 offices around the world, 2,700 employees, approaching 9,000 customers and six and a half thousand integrations with other technologies.”
As companies look at their digital transformation programmes, they don't want to get locked into legacy applications that take years to roll out, and they don't want to be locked into identity solutions that are stuck onto those applications as an afterthought. We take away the headache of identity, allowing PWC to focus on the business requirements of their clients.”
The partnership has afforded Okta the ability to get a broad view of client requirements, as Rooke explains. “PwC are authoring not just identity strategy, but across digital transformation as a whole. With PwC at the forefront of a client relationship, they work very strongly with our own professional services team, our own customer success organisation, and our engineering teams, to really get deep into our technology and make sure that our technology fits the requirements of those large programmes and customers.”
Rooke identifies legacy migration as one of the keys powering the relationship into the future. “We’re able to leverage Okta’s Access Gateway into legacy tools, whilst at the same time moving that organisation, as part of it’s transformation program, into the new world. That involves replacing on-premise apps with cloud apps, and at the same time, having Okta sitting on top of everything as a cloud technology that retains a gateway into legacy systems.” The company is further empowering users by putting its technology into the hands of developers. “Developers can actually build Okta into their own home-grown applications. That's something that PwC can offer as a service to clients, guiding and helping them strategise around that.”
Rooke remains confident in the strength of the partnership and its ability to withstand the COVID-19 pandemic and the challenges it has presented to clients. “The remote work piece has obviously developed at pace this year, and that’s something PwC and Okta can deliver solutions for. For example, a soft drinks organisation is now managing the relationship with suppliers and their distributors globally using Okta as the identity solution. That's something we’ve only seen accelerate this year.”
Singapore FinTech Association launches new networking club
The Singapore FinTech Association (SFA) has announced the launch of a new SG FinTech Club, which will act as hub that enhances networking among local fintech companies based in Singapore.
The APAC nation, which is a leading regional centre for fintechs, accounting for 13% of Singapore’s GDP in 2020. More than 1,400 fintech companies are based there, employing an estimated 10,000 people.
Technology is a driving factor within the space, and the SG FinTech Club will act as a base through which knowledge, resources and connections can be shared, as a way to increase the level of expertise in the space.
According to reports, the SFA will also develop and curate the engagement programmes for the fintech ecosystem. SG FinTech Club members will benefit from hospitality privileges offered by Supporting Partners , such as co-working spaces, which they can leverage on for social engagements.
The club’s existing membership platform will also enable users to sign up for talent matchmaking sessions, industry expert mentorship programmes, and masterclasses organised by SFA.
SG Fintech Club partnerships
The initiative has attracted the attention of several global fintech leaders, including the Institute of Banking and Finance (IBF). J.P. Morgan has also joined the club as Supporting Partner and Corporate Partner, respectively, to develop skills and career development events.
Speaking about the launch of the new club, Shadab Taiyabi, President of SFA, explained, “We are proud to collaborate with MAS on the launch of SG FinTech Club, and play our part in contributing to Singapore’s thriving FinTech ecosystem.
“We hope that the Club would be the key platform for inspiration and innovation, where professionals in the financial services sector can come to exchange opinions, network, and explore endless ideas with other like-minded individuals.
He continued, “Through the Club, we strive to champion and bolster Singapore’s FinTech entrepreneurship growth, facilitate the sharing of insights, collaborations, discussions and advocate the importance of upskilling amongst professionals across the financial services industry.”
Image credit: Singapore FinTech Association event