Akana VP of Product Marketing, Sachin Agarwal, explains API adoption patterns that are specific to banking, and how microservices can be used to help develop financial applications.
12. APIs Foster Internal Innovation and Efficiency
• Securely publish, share and use common services
• Improve discoverability of internal services
• Create internal communities to foster innovation
13. Internal API Catalogs
• 100’s and 1000’s of APIs unlike a few external APIs
• Searchable
• Policy Based View
• Internal Hackathons
15. Realizing End-to-End Security
Managing the
User Experience
Securing the
App - PII, PHI
Enabling Easy Developer Access
Securing the Channel
Securing the Backend
22. 1. Unlock Data
2. Share APIs
3. Security
4. External APIs
5. Step Away from Monolithic Apps
23. Monolithic vs Microservices
• Unscalable
• Hard to manage
• Hard to learn
• Slow to deploy
• Scalable
• Easier to manage
• Easier to learn
• Quick to deploy
24. Why should Banks care?
• Benefits
– Improved agility
– Better reliability, elasticity
– Global scalability
• Challenges
– Restructuring the IT organization – Agile, DevOps
– Investments in new frameworks & platforms
– Greenfield vs. Re-architecting
– New skills development
• Design
• Development
• Testing
28. Key Aspects of Digital Banking
• Create Digital eco-systems with APIs
• Integrate data and applications to create a digital value
chain
• Secure your digital interactions
• Create a scalable hybrid microservices infrastructure