Cloudentity, the leading provider of modern application identity and authorization, has joined the Google Cloud Partner Advantage program as a technology partner to Google Cloud's API Management platform, Apigee, offering Google Cloud customers a simple, unified solution to address emerging Open Banking requirements for faster adoption and integration.
Apigee provides developers visibility and control over how they build, secure, evaluate, and grow application programming interfaces (APIs) from anywhere. Apigee's safe API management with Cloudentity's end-to-end approach for permission and consent management (including regional regulations) are combined in this technical cooperation.
"As a trusted technology partner in Google Cloud's Partner Advantage program, together Cloudentity and Google Cloud provide customers with a seamless solution for the rapidly growing Open Banking & embedded finance market,"
Zac Maufe, Managing Director of Global Financial Services Solutions at Google Cloud
Cloudentity, as a Google Cloud partner, provides businesses with a flexible and scalable solution for contemporary application authorization, consent, and identity orchestration to aid secure Open Banking apps and services while also governing how data is shared with partners. The automated consent controls provided by Cloudentity are incorporated into an organization's current hybrid, multi-cloud, or microservices infrastructure. As a result, the approach ensures continual authorization and personal data privacy for financial organizations' high-value, sensitive information.
The legislative standards for adequate security for financial APIs vary by region and are sophisticated and precise. Customers can take advantage of unique Open Banking profiles with Dynamic Client Registration (DCR) implementation and registry integration suited for specific regional legislation for Open Banking in the UK, Brazil, and Australia by combining Google Cloud and Cloudentity solutions. Furthermore, when sending user data back and forth through APIs, DCR is crucial to successfully broker and enforce trust between the Open Banking app provider and financial institutions.