LONDON – 7 December 2020 – The Auth0 Identity Platform, a product unit within Okta, today announced that Ninety One has deployed its solution to authenticate retail fund investors in South Africa. Started in South Africa as Investec Asset Management, the firm spun out from parent Investec and rebranded as Ninety One this year. Ninety One replaced their on-premises identity solution with Auth0 as part to provide customers with a seamless login experience across its investment products.
Following the demerger and listing, Ninety One required its own Customer Identity and Access Management (CIAM) infrastructure, including Single Sign On, Multi-factor Authentication, and self-service password reset features. Ninety One’s own development team and a local transfer agency and administrative outsourcing partner, Silica, recommended Auth0 for ease of integration and the ability to host in the cloud while migrating users gradually from the previous on-premises system.
“The move to Auth0 is indicative of our journey in other parts of the organization,” says Scott Carr, IT platforms manager at Ninety One. “We have embraced Auth0 as essential for our success as a new brand because they enable us to provide the caliber of safe and convenient digital experiences our financial services clients demand.”
IT security spending in the META region (Middle East, Turkey, and Africa) will cross $3.4B in 2023, driven by a focus on digital identities and shifts to the cloud (Source: IDC)[1]. Auth0 has been recognized as a top private cloud company in identity management on the Forbes Cloud 100 and by industry analysts for serving as a key enabler in customers’ digital transformation efforts.
“Digital transformation shouldn’t be underestimated, but it doesn’t have to be feared either,” said Steven Rees-Pullman, SVP International at Auth0. “Ninety One is looking to the cloud and replacing legacy systems with building blocks like Auth0 to be more adaptable and resilient while delivering great experiences for their clients. We’re pleased to help power their journey.”
[1] IDC Worldwide Black Book Live Edition, July 2020
About Ninety One
Ninety One is an independent, active investment manager dedicated to delivering compelling outcomes for its clients, managing more than £119 billion/R2.6 trillion in assets (as at 30.09.20).
Established in South Africa in 1991, as Investec Asset Management, the firm started offering domestic investments in an emerging market. In 2020, almost three decades of organic growth later, the firm demerged from Investec Group and became Ninety One. Today the firm offers distinctive active strategies across equities, fixed income, multi-asset, and alternatives to institutions, advisors, and individual investors around the world.
About Auth0
Auth0 by Okta takes a modern approach to customer identity and enables organizations to provide secure access to any application, for any user. Auth0 is a highly customizable platform that is as simple as development teams want, and as flexible as they need. Safeguarding billions of login transactions each month, Auth0 delivers convenience, privacy, and security so customers can focus on innovation. For more information, visit https://auth0.com.
Media Contacts
Media Contacts
McKenzie Mayer
PR Manager, EMEA
press@auth0.com
Kotie Basson
Head of Marketing, Africa Client Group
Ninety One
kotie.basson@ninetyone.com
