Bloomberg Supports AuthZEN as It Joins OpenID Foundation to Establish Global Identity Standards

To promote open, scalable authorization standards and demonstrate its capabilities at the forthcoming Gartner IAM Summit 2025, Bloomberg has invested in AuthZEN.

Bloomberg is joining the worldwide open identity standards group, the OpenID Foundation (OIDF), with a proposal to promote the development of its AuthZEN project, focusing on standardizing authorization methods.

The financial news and data company has vowed to provide directed funds to AuthZEN, which promises to give quick, correct authorization choices in zero-trust cloud systems. Although Bloomberg is primarily recognized for its news services aimed at the general public, the company has been creating technology solutions for the worldwide financial industry.

According to Phil Vachon, the business's Head of Infrastructure in the Office of the CTO, the company has already adopted an open source-first tech stack that is currently being used for hundreds of open source projects. Additionally, the company supports and participates in 26 open-source foundations and technology community groups, the most recent of which is OpenID.

According to the announcement, Bloomberg's funding will help AuthZEN develop conformance tests.

An open standard like AuthZEN, according to Vachon, will only make it simpler for a company like theirs to swiftly integrate new open-source projects that add new features and capabilities to their distributed infrastructure at scale.

In addition to its development, Bloomberg is helping AuthZEN showcase its presentation at the Gartner Identity and Access Management Summit 2025 next week. Implementers will demonstrate at the interoperability event how an AuthZEN search request to compliant PDPs is utilized in the authentication process to add custom claims to identity tokens provided by the IdP.