Okta, Inc. (NASDAQ:OKTA), the leading independent provider of identity for the enterprise, today announced significant momentum in the financial services industry with new and expanded deployments for Canadian Western Bank, First National of Nebraska, and Nota, powered by M&T Bank. Okta also announced financial results for its third fiscal quarter of FY21, as well as new global customers and expanded partnerships including Fortune 500 IT services company DXC Technology, Finance of America, OFX, Renault, State of Iowa, Washington State Board of Community and Technical Colleges, and Zoom.
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“Every organization is becoming a technology company as they digitally transform to adapt to changes in consumer expectations and evolving workforce needs. As a result, companies of all sizes and across industries — including financial services — are investing in the technologies to streamline processes, reduce costs, secure their people and information, and improve customer experiences to drive business growth,” said Todd McKinnon, Chief Executive Officer and co-founder, Okta. “At Okta, we’re committed to supporting financial services organizations of all sizes to make this shift, while ensuring trust across the board — the experience needs to be seamless, and critical financial information needs to remain secure.”
Canadian Western Bank
Canadian Western Bank is the seventh largest publicly traded bank in Canada with 43 branch locations and over 2,500 employees, serving tens of thousands of clients with a special focus on business owners. On a mission to digitally transform, the organization deployed Okta’s Workforce Identity products including Okta Universal Directory, Lifecycle Management, Single Sign-on, and Multi Factor Authentication, to protect its employees, improve user experience, and drive growth across branch locations. The bank also has plans to roll out Okta Access Gateway in support of its ongoing hybrid strategy.
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Following a successful rollout of the Okta Identity Cloud across its workforce, Canadian Western Bank decided to expand its deployment to include Okta Customer Identity and to support its goal of creating a consistent customer experience across all lines of business. With Okta as the single entry point to Canadian Western Bank’s digital experience, the organization will be able to ensure each customer has a highly personalized and simple experience.
“At Canadian Western Bank, we take a personalized and proactive approach to banking so we can provide customers with the right financial solutions,” said Cory Gould, Chief Information Security Officer, Canadian Western Bank. “In order to be successful in this approach, it’s critical that we have the right technologies in place. This is the driving force for our digital transformation. Okta has been a critical component of this transformation and we’re excited about the quality of employee experiences we’re able to deliver with Okta at the core.”
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