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Unlock Open Banking with
Definition-driven API
Development
Presentation Title
AnandSundaram
SmartBearSoftware
March22,2018
Page
Proprietary & Confidential
Software Innovation is
Business Innovation
Presentation Title
2
It’s resulting in improved digital experiences
throughout the customer journey.
Page
Proprietary & Confidential
3
Presentation Title
SaaS, PaaS, & IaaS are Reshaping Markets
Computer &
Storage
Maps Communications PaymentsSales & Marketing
Page
Proprietary & Confidential
4
Presentation Title
ProgrammableWeb API
Directorylists 19,000+ public
facingAPIs
API Trend Volume
APIs are the building
blocks behind this
innovation.
Page
Proprietary & Confidential
APIs are the fundamental
building blocks behind business
innovation today.
Currently, mostAPIs are internal facing.
But that is soon to change.
Public FacingAPIs will increase in numbers
as Open Banking gains momentum!
Page
Proprietary & Confidential
Complexities of Public API
Growth
QualityCollaboration
API
Challenges
Security
PerformanceScalability
Compliance
The increase in public APIs in the finance sector
will create an increase in the challenges that API
developers and consumers will face in deploying
well-adopted services.
Page
Proprietary & Confidential
Balancing Your API Development
Freedom Governance
Management Insight & Transparency
Standards & Consistency Across Teams
Efficiency & Productivity
Bottom up selection of tooling
Bring your own best-of-breed toolset
Leverage Open Source and Ecosystems
Striking the right balance between practitioners and
stakeholders is key to keeping API development
frictionless.
Page
Proprietary & Confidential
8
Presentation Title
How Can We Combat These Challenges?
Definition Driven
Development
Continuous
Testing
Service
Virtualization
Continuous
Monitoring
Designing and building your API with a standard spec like
Swagger will encourage collaboration and speed up work across
development and test.
Make sure that a sense of ownership of “testing” and “quality”
is felt equally by the development, testing, and operations
teams.
Virtualize services so that fragile, production, or 3rd Party
services are always available for integration, e2e, and
performance testing.
Monitoring your applications performance and user experience
pre and post production to shorten downtimes and outages.
Page
Proprietary & Confidential
9
Nordic APIs – APIs for Banking and FinTech
Create Great APIs, Without Tradeoffs
DEV TEST OPS
Centralized Governance/Reporting
+
Design,
Develop, &
Document APIs
OAI/Swagger Spec
Create Automated
API Func. Tests
Func.
Testing
Test
Script
Virtualize APIs,
and other Services
Service
Virtualization
Load
Testing
1. Performance,
2. Availability, &
3. Correctness
4. Dist. Tracing
5. Anomaly
Detection
Monitoring
Workflow Integrations with Tools
1. Use of a Standard
2. Collaboration
3. Improve Quality
4. Generate Interactive
Doc
5. Publish and Market
1. Unit Testing
2. Automated test
generation
3. CI/CD Integrations
1. Use Spec to
Mock up APIs
for dev and test
2. No impact to
production API
3. No fees, switch
when ready
1. Re-use tests
2. Load, Perf. and
Stress Testing
3. Predictable
degradation
under load
Ensure Scalability
of APIs and
Microservices
EUX, GEOs, &
Performance
Page
Proprietary & Confidential
10
Example of Fintech Company using Open Banking APIs
StarlingBank
• UK/Ireland Mobile based Challenger Bank.
• Open API
• Starling Marketplaceallowing 3rd parties share their mobile
applications (developed withthe Starling Bank Open API) to
be shared with existing users.
• TransferWise
• Moneybox
• Flux
• Provide a developer portal withdocumentation powered
by the Open APISpecification.
• Quarterlyhackathons allowing developers tocreatenewest
and best apps viathe Starling Bank API.
Nordic APIs – APIs for Banking and FinTech
Page
Proprietary & Confidential
11
Example of Fintech Company using Open Banking APIs
HongKongMonetaryAuthority
• Launched its own OpenAPI framework.
• Open API
• Easier trade with EU
• Across 4 phases
• Product and Servicesinformation
• Customer Acquisition/New Applications
• Account Information
• Transaction processing
• Largest retails targetedfirst
• APIstandards and technicalprotocols are recommended, whereas
PSD2 leavesbanks todecide whattype of interfaceis used
Nordic APIs – APIs for Banking and FinTechNordic APIs – APIs for Banking and FinTech
Page
Proprietary & Confidential
We provide tools for development, testing, and operations teams
to create great software, faster than ever.
AccelerateSDLCWorkflows | ImproveQualityatEveryStage | RealizeRapidTime-to-Value
• European HQ in Galway, with 7 offices globally
• Founded in 2009
• Open Source Innovator (Swagger & SoapUI)
6.5M+
Users
194
Countries
22K+
Companies
TestComplete
SoapUI Pro
SwaggerHub
CrossBrowserTesting
QAComplete
AlertSite
Nordic APIs – APIs for Banking and FinTech
Page
Proprietary & Confidential
Questions?
Thank you!

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Unlock Open Banking with Definition-driven API Development

  • 1. Unlock Open Banking with Definition-driven API Development Presentation Title AnandSundaram SmartBearSoftware March22,2018
  • 2. Page Proprietary & Confidential Software Innovation is Business Innovation Presentation Title 2 It’s resulting in improved digital experiences throughout the customer journey.
  • 3. Page Proprietary & Confidential 3 Presentation Title SaaS, PaaS, & IaaS are Reshaping Markets Computer & Storage Maps Communications PaymentsSales & Marketing
  • 4. Page Proprietary & Confidential 4 Presentation Title ProgrammableWeb API Directorylists 19,000+ public facingAPIs API Trend Volume APIs are the building blocks behind this innovation.
  • 5. Page Proprietary & Confidential APIs are the fundamental building blocks behind business innovation today. Currently, mostAPIs are internal facing. But that is soon to change. Public FacingAPIs will increase in numbers as Open Banking gains momentum!
  • 6. Page Proprietary & Confidential Complexities of Public API Growth QualityCollaboration API Challenges Security PerformanceScalability Compliance The increase in public APIs in the finance sector will create an increase in the challenges that API developers and consumers will face in deploying well-adopted services.
  • 7. Page Proprietary & Confidential Balancing Your API Development Freedom Governance Management Insight & Transparency Standards & Consistency Across Teams Efficiency & Productivity Bottom up selection of tooling Bring your own best-of-breed toolset Leverage Open Source and Ecosystems Striking the right balance between practitioners and stakeholders is key to keeping API development frictionless.
  • 8. Page Proprietary & Confidential 8 Presentation Title How Can We Combat These Challenges? Definition Driven Development Continuous Testing Service Virtualization Continuous Monitoring Designing and building your API with a standard spec like Swagger will encourage collaboration and speed up work across development and test. Make sure that a sense of ownership of “testing” and “quality” is felt equally by the development, testing, and operations teams. Virtualize services so that fragile, production, or 3rd Party services are always available for integration, e2e, and performance testing. Monitoring your applications performance and user experience pre and post production to shorten downtimes and outages.
  • 9. Page Proprietary & Confidential 9 Nordic APIs – APIs for Banking and FinTech Create Great APIs, Without Tradeoffs DEV TEST OPS Centralized Governance/Reporting + Design, Develop, & Document APIs OAI/Swagger Spec Create Automated API Func. Tests Func. Testing Test Script Virtualize APIs, and other Services Service Virtualization Load Testing 1. Performance, 2. Availability, & 3. Correctness 4. Dist. Tracing 5. Anomaly Detection Monitoring Workflow Integrations with Tools 1. Use of a Standard 2. Collaboration 3. Improve Quality 4. Generate Interactive Doc 5. Publish and Market 1. Unit Testing 2. Automated test generation 3. CI/CD Integrations 1. Use Spec to Mock up APIs for dev and test 2. No impact to production API 3. No fees, switch when ready 1. Re-use tests 2. Load, Perf. and Stress Testing 3. Predictable degradation under load Ensure Scalability of APIs and Microservices EUX, GEOs, & Performance
  • 10. Page Proprietary & Confidential 10 Example of Fintech Company using Open Banking APIs StarlingBank • UK/Ireland Mobile based Challenger Bank. • Open API • Starling Marketplaceallowing 3rd parties share their mobile applications (developed withthe Starling Bank Open API) to be shared with existing users. • TransferWise • Moneybox • Flux • Provide a developer portal withdocumentation powered by the Open APISpecification. • Quarterlyhackathons allowing developers tocreatenewest and best apps viathe Starling Bank API. Nordic APIs – APIs for Banking and FinTech
  • 11. Page Proprietary & Confidential 11 Example of Fintech Company using Open Banking APIs HongKongMonetaryAuthority • Launched its own OpenAPI framework. • Open API • Easier trade with EU • Across 4 phases • Product and Servicesinformation • Customer Acquisition/New Applications • Account Information • Transaction processing • Largest retails targetedfirst • APIstandards and technicalprotocols are recommended, whereas PSD2 leavesbanks todecide whattype of interfaceis used Nordic APIs – APIs for Banking and FinTechNordic APIs – APIs for Banking and FinTech
  • 12. Page Proprietary & Confidential We provide tools for development, testing, and operations teams to create great software, faster than ever. AccelerateSDLCWorkflows | ImproveQualityatEveryStage | RealizeRapidTime-to-Value • European HQ in Galway, with 7 offices globally • Founded in 2009 • Open Source Innovator (Swagger & SoapUI) 6.5M+ Users 194 Countries 22K+ Companies TestComplete SoapUI Pro SwaggerHub CrossBrowserTesting QAComplete AlertSite Nordic APIs – APIs for Banking and FinTech

Editor's Notes

  1. Increase the competitiveness of Hong Kong’s banking sector Generate opportunities to reach out to untapped markets through better customer experience Define Open API use cases and deployment timeframes Recommend Open API technical standards Recommend Open API facilitation measures Phase 1 – Product and Service Information: Access to frequently-used product information by customers from their bank on a "read only" basis, helping financial product comparison sites. Banks will be expected to implement these APIs within six months of the framework’s finalization. Phase 2 – Customer Acquisition/New Applications: Customer acquisition through online applications for credit cards, loans and some insurance products, including via Third Party Providers (TPPs). Banks will be expected to implement this within twelve months of finalization. Phase 3 - Account Information: Retrieval of both stand-alone and aggregated account information, helping TPP services that aggregate information for customers across multiple accounts and banks or perform analytics to gain customer insights. The timeline for this phase will be discussed later between HKMA and the banks in Q4/2018. Phase 4 – Transaction Processing: Enabling TPPs to communicate customers' payment instructions to banks. Again, the timeline will be discussed later between HKMA and the banks in Q4/2018.