The document outlines the agenda and discussions from the FIDO (Fast IDentity Online) session at an event in Munich in 2015, highlighting topics related to online authentication standards, including FIDO UAF and U2F specifications. It addresses the security challenges posed by current password systems and advocates for local device authentication to enhance user experience and security. The FIDO Alliance seeks to establish interoperability in authentication methods, reduce costs for enterprises, and simplify the process for consumers.