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Apidays Australia 2021
A cloud-native approach to
Open APIs in Financial Services
Rafael Marins
Product Marketing Manager,...
2
Open APIs in Banking
Overview
Cloud-Native Approach
Evolution of architectures
Landscape of API Integration
Wrap-up
Q&A
...
DIGITAL ECONOMY
Consumers have choices and can take control over their data
Moving from linear and one-way value creation to a two-way and continuous
4
Shifts in Financial Services
Marketplaces
Ecos...
New York
JULY
Australia
SEPTEMBER
Singapore
APRIL
Helsinki & North
MARCH
Paris
DECEMBER
London
OCTOBER
Jakarta
FEBRUARY
Ho...
Ubiquitous
Customer
Centric
Bank
Data-driven
Real Time
Personalized
Agile
FSI services should offer an
exceptional end-to-...
What Open APIs Makes Possible
Functionalities
Account
Aggregation
P2P Payments
Banking & Non
Banking
products
cross-sellin...
Innovation
What is the Impact of Open APIs
Become Agile to Embrace Changes
More companies, more offers… Consumer data
shar...
Where the Benefits of Open APIs are Realized
Benefits
Better user
experience
Higher
competition
Lower
transaction
costs
Ad...
A cloud-native approach
9
Modern App Architectures
CLOUD-NATIVE DEVELOPMENT
10
Ye Olde Architecture Enlightened postmodernism
Modern App Architectures
CLOUD-NATIVE DEVELOPMENT
11
APIs
Events
Data
Enterprise Integration Patterns
CLOUD-NATIVE
12
Cloud-native Principles
Distributed
Secure
API Centric
Event
Driven
Multi-cloud Scalable
Polyglot
Java
.Ne...
https://github.com/cncf/toc/blob/master/DEFINITION.md
CLOUD-NATIVE
13
Cloud-native Definition
Cloud native technologies em...
Landscape of API Integration in Open Banking
API MANAGEMENT
14
Source
Microservices-based APIs
Legacy-based
APIs
Internal ...
INTERNAL ONLY
QUARKUS BOOTCAMP
Service Microservice Function
> Single Purpose
> Stateless
> Independently Scalable
> Autom...
Traditional Cloud-Native Stack 9.5 Seconds
“computing execution model that depends
on services to manage server-side logic...
Growth in Application Architecture Choices
Cloud Native Microservices Serverless
Event-Driven
Architecture
Monolith
Supersonic. Subatomic. Java.
18
WHAT IS QUARKUS?
QUARK: elementary particle / US: hardest thing in computer science
Quarkus - Kubernetes Native Java
Monolith Cloud Native Microservices Serverless
Event-Driven
Architecture
Istio Knative Ca...
Wrap-up
21
A solution approach to build
an Open Banking sandbox
environment on top of Red
Hat Integration and Red Hat
OpenShift ─ the...
23
Red Hat Open Banking Solution
Find out more: https://www.redhat.com/en/resources/open-banking-technology-overview
Full API Lifecycle And The Stack
24
M
ANAG
E
Microcks
MOCK
TEST
IMPLEMENT
D
E
P
L
O
Y
SECURE
DISCOVER DEVELOP
CONSUME
M
ON...
25
Events
EIPs Data
APIs
APIs
EIPs
Events
Events
Data EIPs
Data APIs
Policy Extensions
Data as APIs
Serverless Integration...
FINAL CONSIDERATIONS
Red Hat Integration
26
Source
▸ Change Data Capture
with Debezium
API Management
Events & Messaging
E...
27
An industrialized cloud platform that runs across any infrastructure
Traditional
Apps
Cloud Native
Apps
Partner
Apps
Ph...
Developer Productivity
Cluster Services
Automated Ops ⠇Over-The-Air Updates ⠇Monitoring ⠇Telemetry ⠇Logging ⠇Registry ⠇Net...
Q&A
29
Resources
You Can to Call it Yours, Get Up With an Open Sandbox Environment
FSI Open API Sandbox collaboration workspace
h...
linkedin.com/company/red-hat
youtube.com/user/RedHatVideos
facebook.com/redhatinc
twitter.com/RedHat
31
Red Hat is the wor...
Optional section marker or title
32
Reality check
New York
JULY
Australia
SEPTEMBER
Singapore
APRIL
Helsinki & North
MARCH
Paris
DECEMBER
London
OCTOBER
Jakarta
FEBRUARY
Ho...
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apidays LIVE Australia 2021 - A cloud-native approach for open banking in action by Rafael Marins, Red Hat

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apidays LIVE Australia 2021 - Accelerating Digital
September 15 & 16, 2021

A cloud-native approach for open banking in action
Rafael Marins, Principal Product Marketing Manager at Red Hat

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apidays LIVE Australia 2021 - A cloud-native approach for open banking in action by Rafael Marins, Red Hat

  1. 1. Apidays Australia 2021 A cloud-native approach to Open APIs in Financial Services Rafael Marins Product Marketing Manager, Financial Services 1
  2. 2. 2 Open APIs in Banking Overview Cloud-Native Approach Evolution of architectures Landscape of API Integration Wrap-up Q&A Agenda
  3. 3. DIGITAL ECONOMY Consumers have choices and can take control over their data
  4. 4. Moving from linear and one-way value creation to a two-way and continuous 4 Shifts in Financial Services Marketplaces Ecosystems Customer Traditional Value Chain Platform-Driven
  5. 5. New York JULY Australia SEPTEMBER Singapore APRIL Helsinki & North MARCH Paris DECEMBER London OCTOBER Jakarta FEBRUARY Hong Kong AUGUST JUNE India MAY Check out our API Conferences here 50+ events since 2012, 14 countries, 2,000+ speakers, 50,000+ attendees, 300k+ online community Want to talk at one of our conferences? Apply to speak here
  6. 6. Ubiquitous Customer Centric Bank Data-driven Real Time Personalized Agile FSI services should offer an exceptional end-to-end personalized seamless customer journey to clients, leveraging technology to create this experience. FSI organizations have tons of data about customers. Using big data, cloud, and AI to generate insights and knowledge from this data will allow companies to improve, innovate, be proactive, and develop new business models. All communications must maintain and deliver the same experience to clients, keeping the customer satisfied and connected. Delivering early, and continuous, value to customers, accepting change, and failure, are just some of the Agile values that builds a customer centric culture. 24/7/365. A bank that doesn't sleep and it's able to provide a stable, and reliable, experience any time.
  7. 7. What Open APIs Makes Possible Functionalities Account Aggregation P2P Payments Banking & Non Banking products cross-selling Lifestyle Offerings Identification and authentication services Balance sheet simulation Multi-account management Integrated cash management Enhanced risk scoring Source: PSD2: Taking advantage of open banking disruption Corporate use cases Retail use cases
  8. 8. Innovation What is the Impact of Open APIs Become Agile to Embrace Changes More companies, more offers… Consumer data sharing frameworks will force companies to be more competitive if they want to stand out for clients Competitivity New platforms to contact clients Channels To support these new operations, and the data created/analyzed, banks will need to innovate while adopting new technologies Fast and cheap The process it's cheaper and faster because it has less participants New Partners Other companies can offer banks services using the banks partner APIs. These APIs can be monetized and these connections can give banks the freedom to work at their core systems.
  9. 9. Where the Benefits of Open APIs are Realized Benefits Better user experience Higher competition Lower transaction costs Added value from third parties Reduced business failure Enhanced work/life balance Long-term small business growth Better decision making Lower operations costs Broad customer base
  10. 10. A cloud-native approach 9
  11. 11. Modern App Architectures CLOUD-NATIVE DEVELOPMENT 10 Ye Olde Architecture Enlightened postmodernism
  12. 12. Modern App Architectures CLOUD-NATIVE DEVELOPMENT 11 APIs Events Data Enterprise Integration Patterns
  13. 13. CLOUD-NATIVE 12 Cloud-native Principles Distributed Secure API Centric Event Driven Multi-cloud Scalable Polyglot Java .Net Core Node.js Python Go Lang Disposable
  14. 14. https://github.com/cncf/toc/blob/master/DEFINITION.md CLOUD-NATIVE 13 Cloud-native Definition Cloud native technologies empower organizations to build and run scalable applications in modern, dynamic environments such as public, private, and hybrid clouds. Containers, service meshes, microservices, immutable infrastructure, and declarative APIs exemplify this approach. These techniques enable loosely coupled systems that are resilient, manageable, and observable. Combined with robust automation, they allow engineers to make high-impact changes frequently and predictably with minimal toil. “” Cloud Native Computing Foundation
  15. 15. Landscape of API Integration in Open Banking API MANAGEMENT 14 Source Microservices-based APIs Legacy-based APIs Internal / External API Consumption External API External API External API Consumption Internal Integration Integration Route Internal API Cloud Native Microservices Containerized Application Non-containerized Application
  16. 16. INTERNAL ONLY QUARKUS BOOTCAMP Service Microservice Function > Single Purpose > Stateless > Independently Scalable > Automated > Single Action > Ephemeral > Autonomous > Loosely-coupled Architecture Evolution is a Necessity f( ) 15
  17. 17. Traditional Cloud-Native Stack 9.5 Seconds “computing execution model that depends on services to manage server-side logic and state where business logic run in stateless, event-triggered compute linux containers" event action result Serverless Defined
  18. 18. Growth in Application Architecture Choices Cloud Native Microservices Serverless Event-Driven Architecture Monolith
  19. 19. Supersonic. Subatomic. Java. 18
  20. 20. WHAT IS QUARKUS? QUARK: elementary particle / US: hardest thing in computer science
  21. 21. Quarkus - Kubernetes Native Java Monolith Cloud Native Microservices Serverless Event-Driven Architecture Istio Knative Camel-K OpenShift
  22. 22. Wrap-up 21
  23. 23. A solution approach to build an Open Banking sandbox environment on top of Red Hat Integration and Red Hat OpenShift ─ the enterprise Kubernetes platform. Open sourced with pre-packaged set of APIs, Developer Portal and other configurations. 22 Red Hat Open Banking Sandbox red.ht/financialservices FSI Open API Sandbox
  24. 24. 23 Red Hat Open Banking Solution Find out more: https://www.redhat.com/en/resources/open-banking-technology-overview
  25. 25. Full API Lifecycle And The Stack 24 M ANAG E Microcks MOCK TEST IMPLEMENT D E P L O Y SECURE DISCOVER DEVELOP CONSUME M ONITOR MONETIZE STRATEGY DESIGN API Model Canvas SINGLE SIGN-ON (SSO) API DESIGNER Community SERVICE REGISTRY
  26. 26. 25 Events EIPs Data APIs APIs EIPs Events Events Data EIPs Data APIs Policy Extensions Data as APIs Serverless Integration Change Data Capture Service Registry Low-code Data UX Build API management policies leveraging well-known EIPs. Generate, secure, and manage APIs using existing data sources. Event sources and reliable, scalable event bus for serverless applications. Build event-driven applications based on database change events. Visibility and control over data types used across events and REST APIs. Extend low-code integration toolchain to include virtualized data. Full outreach of cloud-native approach FINAL CONSIDERATIONS Soruce
  27. 27. FINAL CONSIDERATIONS Red Hat Integration 26 Source ▸ Change Data Capture with Debezium API Management Events & Messaging Enterprise Integration Data Integration ▸ Comprehensive connectors ▸ Microservices orchestration ▸ Data Transformation ▸ Low-code iPaaS ▸ Serverless Composition with Camel K ▸ JMS Message Broker ▸ Wide Area Routing ▸ Data Streaming with Apache Kafka ▸ Self-service messaging ▸ API Manager ▸ API Gateway ▸ Istio Service Mesh Adapter ▸ Service Registry ▸ API Designer Tooling & Metadata
  28. 28. 27 An industrialized cloud platform that runs across any infrastructure Traditional Apps Cloud Native Apps Partner Apps Physical Virtual Private Public Red Hat Enterprise Linux Edge Red Hat OpenShift Data, Analytics & AI/ML
  29. 29. Developer Productivity Cluster Services Automated Ops ⠇Over-The-Air Updates ⠇Monitoring ⠇Telemetry ⠇Logging ⠇Registry ⠇Networking ⠇Router 28 Red Hat Enterprise Linux & RHEL CoreOS Kubernetes Helm ⠇Developer CLI ⠇VS Code extensions ⠇IDE Plugins Code Ready Workspaces CodeReady Containers Service Mesh ⠇Serverless Builds ⠇CI/CD Pipelines Full Stack Logging Chargeback Databases ⠇Languages Runtimes ⠇Integration Business Automation 150+ ISV Services Platform Services Application Services Developer Services OpenShift Container Platform Physical Virtual Private cloud Public cloud Operate Kubernetes Build Cloud-Native Apps Manage Workloads Multi-cluster Management Discovery ⠇Policy ⠇Compliance ⠇Configuration ⠇Workloads
  30. 30. Q&A 29
  31. 31. Resources You Can to Call it Yours, Get Up With an Open Sandbox Environment FSI Open API Sandbox collaboration workspace https://github.com/open-accelerators/open-banking Interactive Learning Portal. https://learn.openshift.com Get Your Hands On. Try It! https://developers.redhat.com/developer-sandbox https://red.ht/TryKafka Find Out More https://red.ht/financialservices 30 FINAL CONSIDERATIONS
  32. 32. linkedin.com/company/red-hat youtube.com/user/RedHatVideos facebook.com/redhatinc twitter.com/RedHat 31 Red Hat is the world’s leading provider of enterprise open source software solutions. Award-winning support, training, and consulting services make Red Hat a trusted adviser to the Fortune 500. Thank you
  33. 33. Optional section marker or title 32 Reality check
  34. 34. New York JULY Australia SEPTEMBER Singapore APRIL Helsinki & North MARCH Paris DECEMBER London OCTOBER Jakarta FEBRUARY Hong Kong AUGUST JUNE India MAY Check out our API Conferences here 50+ events since 2012, 14 countries, 2,000+ speakers, 50,000+ attendees, 300k+ online community Want to talk at one of our conferences? Apply to speak here

apidays LIVE Australia 2021 - Accelerating Digital September 15 & 16, 2021 A cloud-native approach for open banking in action Rafael Marins, Principal Product Marketing Manager at Red Hat

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