Hello everyone, I will be talking about identity federation This concept deals with a single sign on a specific across industries Here is an overview of what I would like to present today coming to the problem statement Looking at the key challenges in digital identity management A user, on an average, has to manage 100 passwords across online accounts. What are the key issues here? Password fatigue. 66 percent of individuals reuse passwords, increasing vulnerability to breaches. Then comes security risk. 60 per, 61 percent of the data breaches involve compromised credentials. And also human error, including phishing attacks, is a significant contribution for breaches. Another issue is poor user experience because 55 percent of consumers have abandoned online purchase due to forgotten passwords. Then insufficient onboarding. Financial institutions especially could save up to 1 billion annually through a streamlined identity verification process. So this is where identity federation comes into picture by definition identity federation means a shared identity model enabling a single identity to be used across multiple institutions Such as banks or health care providers the key benefits are seamless single sign on accessing multiple surveys with one login improves a lot of convenience for the user then enhanced security this basically Because we are using one single, uh user sso kind of feel it reduces the password fatigue and associated risk by then It strengthens the cyber security Next it improves user experience streamlines access Leading to a higher user satisfaction and engagement So what are the key concepts of this identity federation? First one is single sign on next standardized identity attributes Then come consent management And then industry specific trust framework You In a single sign on experience, user authenticates once and gain access to multiple services, reducing friction. In a standardized identity attributes, basically we define essential attributes for key different industries. For example, for banking, uh, we can talk about name, financial history, financial name. Similarly, for healthcare, we can talk about medical history, user SSN, all these kind of fields. Then come consent management. Basically this empowers users to control over data sharing ensuring compliance and forecasting the trust next industry specific trust framework basically, this establishes rules and standards for participation ensuring security and privacy And interoperability across entities. Looking at the economic impact, uh, the potential GDP growth could be up to three to 13% by 2013 countries implementing the Identity Federation cost reductions are significant. For example, organization reports a 50 percent reduction in these incidents that are password related support incidents. Then onboarding time in banking, uh, got 80 percent reduction saving significant resources. Next come healthcare savings, interoperable systems could yield 30 billion in annual savings, improving overall efficiency. Um, and how do we implement, uh, in a technical perspective? So first we have to, uh, set a standard that needs to be utilized. So we should extend the OAuth 2. 0 and OpenID Connect to create a robust framework. And what are the components here? So, uh, Extended OAuth 2 scopes allow for specific access permissions relevant to each industry, enhancing security. Then, federated identity providers. Each institution acts as both a federated identity and a service provider. Enabling seamless user experience. Then comes Attribute Exchange Protocol, which enables secure sharing of user attributes, which encryption and digital signatures. Next, Federation Registry, a central repository for all participating institutions. And, uh, should maintain a federated registry to ensure transparency and security. What are the industry specific applications? For example, if we look at, uh, banking, the onboarding efficiency increases, uh, with 80 percent reduction in onboarding time. Saving significant banking resources Then comes service integration this basically enhances customer retention by providing seamless access to various services Next come fraud reduction Shared identity verification could lead to a 90 percent decrease in identity fraud Saving the industry approximately 7 billion dollars If you look at it similarly in a health care industry, it could save up to 30 billion in annual savings from a streamlined patient record access. It also improves care for patients with complex histories, reducing hospital readmission by 20%. If you look at education, Uh credential portability a federated system could reduce transcript verification Time by at least 90 percent easing student transaction transitions Uh, and and then come enrollment growth simplified process could increase adult learner learner enrollment by 25 Uh, however with a lot of advantages there are a lot of challenges to adapt this Uh, first of all, uh, regulatory compliance. We must adhere to industry specific standards as noncompliance can lead to severe penalties. Then centralized systems may attract cyber threats. Robust security measures are essential to mitigate risks. Protecting user data and ensuring transparency in how data is shared is crucial for trust. Then come Uh, adoption and interoperability collaboration among industry players is necessary to create interoperable standards and drive widespread adoption. If we can look at some kind of strategic approach here, so regulatory alignment, uh, basically designing this identity federation framework that inherently align with the key regulation to streamline compliance. Then we have to use advanced security protocols. It could be biometric authentication, multi factor authentication to protect user data. And we should incorporate technologies that enhance privacy and give user control over their data. Then come we have to foster the participations to develop and promote interoperable standards across sectors. And then initiatives to inform the organizations in that specific industry and users about Identity Federation benefits and best practices. In conclusion, Identity Federation represents a transformative approach to digital identity management that addresses the critical challenges faced by users and organizations. By enabling a seamless SSO experience across multiple service providers, Identity Federation enhances user convenience and security while significantly improving the overall user experience. As industries increase, digitalize, and integrate, the ability to manage identities efficiently and securely will be paramount. The economic impact of adapting identity federation is substantial with potential GDP growth of 3 to 13 percent by 2030 for countries that implement these systems. Additionally, sectors such as banking, healthcare, and education stand to save billions in operational costs and improve service delivery. By establishing standardized identity attributes under a robust consent management framework, Organizations can foster greater trust and interoperability among users. Thank you very much.