• Home
  • Latest
  • Fortune 500
  • Finance
  • Tech
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia
TechCybersecurity

Here’s How Okta Plans to Secure Your Banking and Retail Apps

Barb Darrow
By
Barb Darrow
Barb Darrow
Down Arrow Button Icon
Barb Darrow
By
Barb Darrow
Barb Darrow
Down Arrow Button Icon
August 29, 2017, 7:34 AM ET

Okta, a cloud security company known for making it easier for business customers to sign onto corporate apps securely, wants to go bigger. The company hopes to extend its purview to retail and banking web sites and mobile apps that serve millions of consumers.

While demand for single-sign on and identity management for corporate customers is huge—Okta (OKTA) CEO Todd McKinnon estimates it to be about $5 billion a year— the market for providing similar functions to consumers wanting to log into their bank accounts, for example, is much bigger. Generally, this type of technology is known as identity and access management (IAM.)

Thus, Okta’s interest and why the San Francisco-based company on Tuesday will unveil guidelines and application programming interfaces (APIs) that banks, stores, and other consumer-facing businesses can use to integrate Okta’s identity management into their existing systems.

Get Data Sheet, Fortune’s technology newsletter

These tools would enable an automaker, for example, to build a secure log-on system (using Okta’s technology) that looks like the rest of the company’s web site. Given that every company these days from banks to appliance makers to e-commerce sites and stores now build and run their own web sites and mobile apps, the ability to offer secure customer access to service portals and payment pages is essential.

“This is a huge thing for Okta. We’re attacking all these customers,” McKinnon told Fortune in advance of the company’s Oktane tech conference in Las Vegas. The news will be announced at the event later on Tuesday. Okta’s back-end software stores user information, logs in users, and provides security.

Related: Okta Wants to Go Big and Go it Alone in Enterprise Software

Dignity Health, a San Francisco-based healthcare provider that serves 22 states, has been working with the Okta tools for about eight months and chief digital officer Dr. Shez Partovi is impressed. Dignity needs to know who its patients and customers are or it can’t serve them well, he says.

“We need to know who your physician is, your preferences, your history,” he tells Fortune.

The dilemma for such companies is how to combine an “OpenTable-like” easy consumer experience with the security and compliance with regulations that apply to healthcare or medical applications.

Okta, which went public in April, isn’t alone in this arena. Microsoft (MSFT), which offers Active Directory identity management for corporate applications, is also pushing a cloud version of that product called Azure Active Directory. IBM (IBM) and Oracle (ORCL) also have a stake here as do Okta’s cloud-oriented rivals Ping Identity and OneLogIn, according to Holger Mueller, an analyst with Constellation Research.

And, he added, many companies now use open-source technology to build their own secure access capabilities. Presumably, Okta is banking that its new APIs will be an easier option for them.

In a recent report, Gregg Keizmann, research vice president at Gartner (IT), said most work-oriented IAM products can suit consumer needs, but may also offer functions that are not required in this market. The key issue for consumer IAM is it must be extremely easy to use but also scale up to handle millions—as opposed to hundreds or thousands—of users.

Note: (August 29, 2017, 9:05 a.m. EDT) This story was updated to add comments from Gartner.

Note: (August 31, 2017 6:58 a.m. EDT) This story was updated again with comments from Dignity Health.

 

About the Author
Barb Darrow
By Barb Darrow
See full bioRight Arrow Button Icon

Latest in Tech

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025

Most Popular

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Rankings
  • 100 Best Companies
  • Fortune 500
  • Global 500
  • Fortune 500 Europe
  • Most Powerful Women
  • Future 50
  • World’s Most Admired Companies
  • See All Rankings
Sections
  • Finance
  • Leadership
  • Success
  • Tech
  • Asia
  • Europe
  • Environment
  • Fortune Crypto
  • Health
  • Retail
  • Lifestyle
  • Politics
  • Newsletters
  • Magazine
  • Features
  • Commentary
  • Mpw
  • CEO Initiative
  • Conferences
  • Personal Finance
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Fortune Brand Studio
  • Fortune Analytics
  • Fortune Conferences
  • Business Development
About Us
  • About Us
  • Editorial Calendar
  • Press Center
  • Work At Fortune
  • Diversity And Inclusion
  • Terms And Conditions
  • Site Map
  • Facebook icon
  • Twitter icon
  • LinkedIn icon
  • Instagram icon
  • Pinterest icon

Latest in Tech

solomon
BankingJobs
No ‘job apocalypse’: Goldman Sachs CEO denies the AI hiring nightmare is real
By Nick LichtenbergJanuary 23, 2026
3 hours ago
Google DeepMind CEO Demis Hassabis speaking at the World Economic Forum in Davos, Switzerland, in January 2026.
AIWorld Economic Forum
AI luminaries at Davos clash over how close human level intelligence really is
By Jeremy KahnJanuary 23, 2026
4 hours ago
Elon Musk, wearing all black and in front of a blue background, presses his hands together.
Big TechDavos
Elon Musk makes the case for why his $2.2 trillion tech empire is the only way to save humanity as the only intelligent life in the universe
By Sasha RogelbergJanuary 22, 2026
15 hours ago
sternfels
CommentaryConsulting
AI makes human intelligence more important, not less 
By Bob Sternfels and Lucy PerezJanuary 22, 2026
19 hours ago
Building with a Deloitte company sign
Future of WorkConsulting
Deloitte to scrap traditional job titles as AI ushers in a ‘modernization’ of the Big Four
By Jake AngeloJanuary 22, 2026
20 hours ago
NewslettersEye on AI
OpenAI’s former head of sales is entering VC. She still calls herself an ‘AGI sherpa’
By Sharon GoldmanJanuary 22, 2026
20 hours ago

Most Popular

placeholder alt text
Economy
'Some form of crisis is almost inevitable': The $38 trillion national debt will soon be growing faster than the U.S. economy itself, watchdog warns
By Nick LichtenbergJanuary 22, 2026
20 hours ago
placeholder alt text
Success
Nvidia CEO Jensen Huang says ‘a lot’ of six-figure jobs in plumbing and construction are about to be unlocked because someone needs to build all these new AI centers
By Preston ForeJanuary 21, 2026
2 days ago
placeholder alt text
Politics
Jamie Dimon tells Davos: ‘You didn’t do a particularly good job making the world a better place’
By Eleanor PringleJanuary 21, 2026
2 days ago
placeholder alt text
Energy
Elon Musk warns the U.S. could soon be producing more chips than we can turn on. And China doesn’t have the same issue
By Sasha RogelbergJanuary 22, 2026
21 hours ago
placeholder alt text
Success
McDonald’s CEO shares tough love career advice he’d give Gen Z and young millennial workers: ‘No one cares about your career’
By Orianna Rosa RoyleJanuary 22, 2026
23 hours ago
placeholder alt text
Economy
Jamie Dimon says he’d have no issue paying higher taxes if it actually went to people who need it. Right now it just goes to the Washington ‘swamp’
By Eleanor PringleJanuary 21, 2026
2 days ago

© 2026 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.