The Future of Federated Identity

Syndicated Report Brochure The Future of Federated Identity: Consumer Markets, such as Healthcare, Deserve Bank Focus December 2007 Telephone: 925.225.9100 Fax: 925.225.9101 Address: 4309 Hacienda Dr., Suite 380 Pleasanton, CA 94588 Email: inquiry@javelinstrategy.com Web site: www.javelinstrategy.com Syndicated Report Brochure The Future of Federated Identity: Consumer Markets, such as Healthcare, Deserve Bank Focus Overview Interest in federated identity, which allows for portability of a user’s authentication across multiple domains, has declined over the past five years, as the promise of creating efficiencies and revenue streams has not come to fruition. While many large financial institutions (FIs) showed an initial interest in driving federated identity solutions as a line of business, only one―Wells Fargo—remains committed to doing so. Is this a missed opportunity for FIs? Extracting from executive interviews with banks, vendors and industry organizations, and presenting a case study of Wells Fargo’s WellsSecure, this report explores the involvement among financial industry players in federated identity initiatives, and identifies potential opportunities, the need for FI involvement, and impending changes to the landscape moving forward. Primary Questions • • • • Why have financial institutions abandoned their involvement in federated identity initiatives? What factors have contributed to Wells Fargo’s role as the dominant FI player as a provider of identity assurance services? Is there value for FIs―are they missing out on a potentially lucrative revenue opportunity, even if there is no immediate pervasive return on investment? What new or potentially landscape-changing technologies or initiatives exist that could resurrect financial institutions’ interest in federated identity? Financial institutions, technology vendors, federated identity organizations and industry consortiums Rachel Kim, Associate Analyst Bruce Cundiff, Research Director Mary T. Monahan, Partner and Senior Analyst Audience: Author: Contributors: Editor: Publication date: December 2007 Price: Length: $750 ►11 pages ►4 charts/graphs Telephone: 925.225.9100 Fax: 925.225.9101 Address: 4309 Hacienda Dr., Suite 380 Pleasanton, CA 94588 Email: inquiry@javelinstrategy.com Web site: www.javelinstrategy.com Syndicated Report Brochure The Future of Federated Identity: Consumer Markets, such as Healthcare, Deserve Bank Focus Table of Contents Overview ...................................................................................................................................................... 3  Primary Questions ...................................................................................................................................... 3  Findings and Analysis ................................................................................................................................ 3  Federated Identity, Then and Now…Is 2003 Really that Long Ago? ..................................................... 4  What Has Spurred the Banking Industry’s Departure from Federated Identity? ................................. 5  Case Study: Wells Fargo Bank .................................................................................................................. 6  Identity Federation and the Public Sector: Lessons to be Learned ...................................................... 7  Are FIs Missing Out on Unseen Value? ....................................................................................... 7  Ceding Control to the Individual End-User: Federated Identity for Consumers .................................. 8  Federated ID and Healthcare...................................................................................................................... 9  Table of Figures Figure 1: From 2003 to 2007, FI Interest in Federation Has Diminished Considerably................................ 4  Figure 2: FIs’ Risk and Fraud Efforts Outweigh Federation Initiatives ......................................................... 6  Figure 3: Sequence of Adoption in the Financial Sector ............................................................................... 8  Figure 4: Identity Federation Will Improve the Healthcare Experience ........................................................ 9  Telephone: 925.225.9100 Fax: 925.225.9101 Address: 4309 Hacienda Dr., Suite 380 Pleasanton, CA 94588 Email: inquiry@javelinstrategy.com Web site: www.javelinstrategy.com Syndicated Report Brochure The Future of Federated Identity: Consumer Markets, such as Healthcare, Deserve Bank Focus Companies/Organizations Mentioned in Report America Online American Express Bank of America Citigroup Federation for Identity and CrossCredentialing Systems Fidelity Investments Google Identity Assurance Expert Group JanRain Liberty Alliance Microsoft National City Bank PayPal Prosper US Federal Bridge Certificate Authority US General Services Administration Wachovia Wells Fargo Sample Pages Telephone: 925.225.9100 Fax: 925.225.9101 Address: 4309 Hacienda Dr., Suite 380 Pleasanton, CA 94588 Email: inquiry@javelinstrategy.com Web site: www.javelinstrategy.com Syndicated Report Brochure Health Savings Accounts: Focus on Transactions and Product Development Will Lead to Asset Growth Target Place Your Order as Follows: 1) Call us at 925 225 9100, x26 2) Email us at inquiry@javelinstrategy.com 3) Fax or Mail using the form below: Please send me the following report(s): Report Title Publication Date Price Name_____________________________________Title_________________ Organization__________________________ Division or group_______________ Email______________________Phone______________Fax_______________ Address___________________________________________________ Signature to confirm your order: Payment Method: _______________________________ [ ] Check Enclosed [ ] Invoice me Exp date: [ ] Payment card Visa, MC, AE or Disc. card #: Name on Card: _______________________ __/__ _____________________ Signature_____________________ For invoicing, provide PO number: ________________________________________ (Invoicing is available to financial institutions or publicly owned firms) Note: Reports are provided in electronic PDF form only. Javelin reports are subject to standard terms and conditions, as described on our web site. Javelin will contact you in the future to provide our free research newsletter or other mailings. If you do not wish to receive our newsletter or other mailings, you may advise us of this. Your contact information will not be sold to other organizations. Telephone: 925.225.9100 Fax: 925.225.9101 Address: 4309 Hacienda Dr., Suite 380 Pleasanton, CA 94588 Email: inquiry@javelinstrategy.com Web site: www.javelinstrategy.com