WSO2, a digital transformation technology company, announced that it has been named a Strong Performer in Forrester Research, Inc.’s The Forrester Wave: Customer Identity and Access Management

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The collaboration will help enterprise customers across multiple markets and industries accelerate their cloud adoption and digital transformation initiatives by accelerating the delivery of the Choreo digital platform as a service (digital PaaS) and Asgardeo identity as a service (iDaaS).

“The closing of the Series E investment round at $93 million, with Info Edge joining lead investor Goldman Sachs Asset Management, marks a significant milestone in WSO2’s growth,” said Uday Shankar Kizhepat.

According to a global survey of 300 C-suite banking industry executives, 54% believe their financial institutions have faced increased competition from digital alternatives over the last three years. These executives, however, indicate that they are better positioned to compete. Notably, 84% said they have the necessary technological tools to create new digital products and services to some extent or more.