Exiger earns $80M, Okta owns ScaleFT, Oracle outs blockchain cloud service – Friday Deal Book for 07/20/2018

OWI’s Friday Deal Book provides you with a weekly roundup of partnerships, funding, and product announcements from across the identity industry. This week, Exiger takes in $80 million in funding, Oracle confirms the general release of its blockchain platform, Okta buys ScaleFT for “zero trust” framework, Equifax acquires DataX, and much more.

Exiger gets $80 million minority investment for regtech

The investment came from private equity firm Carrick Capital Partners, who will become a minority shareholder in the company. The deal marks the first outside infusion of capital for Exiger. The money will be used to build out its product offerings, including Insights 3PM, Risk360, and DDIQ, the latter of which became part of the company through its acquisition of OutsideIQ last April. Read more]

Okta buys ScaleFT for “zero trust” security

Terms of the deal were not announced. The acquisition will give Okta a cloud-based Zero Trust foundation, increasing security while also meeting modern demands in the workforce. Zero Trust security presumes that no one on a system can be trusted, and protects against threats accordingly. [Read more]

Oracle releases blockchain cloud service

The official launch follows trial periods with banks, governments, and other clients. Initial users include Arab Jordan Investment Bank and Indian Oil and Nigeria Customs The Oracle Blockchain Cloud Service focuses on transaction efficiency and supply chain authentication. Its basis is Hyperledger Fabric. [Read more]

Equifax acquires DataX, expanding credit access

Terms of the purchase were not disclosed. Equifax said the deal will help lenders expand credit access and broaden financial inclusion for more customers, specifically in underbanked populations. Equifax said DataX’s data assets complement its business by adding alternative credit and payment data, analytics and identity solutions on underbanked consumers to the installment loan, rent-to-own and lease-to-own markets. Additional offerings include credit reporting, ID verification, bank account verification and customer risk services. [Read more]

Optiv launches managed identity service

The new product aims to help clients optimize operations and minimize long-term risk. Optiv’s Privileged Access Managed service includes 24/7/365 management of high availability and performance optimization, release management, administration, and reporting. The capabilities combine with Optiv’s strategic consulting services, as well as its technology resale, implementation and integration services. Together they aim to provide clients with a holistic, end-to-end managed identity solution. [Read more]

The ID Co. launches Open Banking API Platform in UK

The new platform, which is now available, offers full support from all leading U.K. banks, including Barclays, HSBC, Lloyds Group (Lloyds, Halifax, Bank of Scotland), Santander, The Royal Bank of Scotland, and Nationwide as well as a number of digital banks such as Starling and Monzo. The system also includes a full consent management service, a rich prepackaged user experience widget, and a single, standardized, simple open bank data API. [Read more]