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Everyone becoming a cloud provider: financial services

By | August 16, 2011, 8:29am PDT

Summary: Equifax — known for its credit monitoring services — deepens its cloud offerings.

More evidence of the blurring boundaries between cloud/SaaS providers and consumers.

Equifax — known for its credit monitoring services, but also a provider of data quality and integration services — recently said it reached the half million user mark for its cloud-based identity and strong authentication service, Anakam.ODI On-Demand Identity, and has just announced what it calls the first cloud-based identity authentication available for enterprise, government and healthcare organizations.

From the press release:

“Being used to protect millions of data records on leading business-to-business portals with more than a half million customers, Anakam.ODI On-Demand Identity can help organizations enhance the security and compliance of the data behind their portals. On-Demand Identity lets  companies grant secure access to users outside the organization with easy-to-use, remote, on-demand identity validation. This ensures that only trusted users gain access to sensitive data. The service also enhances and broadens access in the mobile environment. Organizations will benefit from more cost-effective authentication processes.”

Many companies — and the financial services sector is full of examples — have very robust information services operations (with healthy service oriented architectural approaches, of course) that they have been providing employees, partners and selected customers for years. The next step to leverage their IT investments to become a cloud provider is a natural one.

Once again, growing evidence that we’re all becoming both cloud service providers and consumers.  This is one of the most understated aspects of the “cloud revolution,” and a factor missing from most cloud ROI discussions.

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Joe McKendrick is an author, consultant and speaker specializing in trends and developments shaping the technology industry.

Disclosure

Joe McKendrick

Joe McKendrick is an independent consultant, editor and speaker.

Joe has performed project work (white papers, articles, blogs, research and presentations) for the following companies in the IT marketspace:

  • CBS Interactive/CNET/ZDNet (this blog)
  • ebizQ
  • Evans Data
  • Gartner
  • IBM
  • Informatica
  • IDC
  • Microsoft
  • Systinet/HP
  • Teradata
  • Unisphere Reseach, a division of Information Today, Inc.
  • WebLayers

Joe has also performed research work for the following sponsoring organizations in partnership with Unisphere Research, a division of Information Today, Inc.

  • IBM
  • Luminex
  • Noetix
  • Oracle Corp.
  • Teradata
  • Informatica
  • International Oracle Users Group
  • Oracle Applications Users Group
  • Professional Association for SQL Server
  • International DB2 Users Group
  • International Sybase Users Group
  • SHARE (IBM large systems users group)

Biography

Joe McKendrick

Joe McKendrick is an author and independent analyst who tracks the impact of information technology on management and markets. Joe is co-author, along with 16 leading industry leaders and thinkers, of the SOA Manifesto, which outlines the values and guiding principles of service orientation. He also speaks frequently on Enterprise 2.0 and SOA topics at industry events and Webcasts, and serves on the program committee for this year's SOA & Cloud Symposium in London. As an independent analyst, he has also authored numerous research reports in partnership with Unisphere Research, a division of Information Today, Inc. for user groups such as SHARE, Oracle Applications Users Group, and International DB2 Users Group. In a previous life, Joe served as director of the Administrative Management Society (AMS), an international professional association dedicated to advancing knowledge within the IT and business management fields. He is a graduate of Temple University.

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