Case Study: Deriv cuts authentication costs by 80% and boosts signups with Ory

Deriv cuts auth costs by 80% with Ory

Deriv, a global online trading broker, was hindered by a legacy, in-house authentication system. This solution created significant engineering overhead, stalled innovation, and introduced friction and security concerns during user onboarding. The company sought a robust customer identity and access management (CIAM) solution from a vendor like Ory to overcome these challenges.

By implementing Ory's platform, particularly its headless architecture, Deriv gained the flexibility to create a fully customized and secure signup experience. The results were substantial; the new system was launched in under a month, leading to an 80% reduction in engineering overhead dedicated to auth and an 8-10% increase in visitor-to-signup conversions. Ory provided the secure foundation that allowed Deriv to refocus on its core trading product.

Deriv