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5 Lessons from the first years
of Open Banking APIs
David O’Neill
CEO - APImetrics
2022 SERIES OF EVENTS
New York
JULY
(HYBRID)
Australia
SEPTEMBER
(HYBRID)
Singapore
APRIL
(VIRTUAL)
Helsinki & North
MARCH
(VIRTUAL)
Paris
DECEMBER
(HYBRID)
London
OCTOBER
(HYBRID)
Hong Kong
AUGUST
(VIRTUAL)
JUNE (VIRTUAL)
India
MAY
(VIRTUAL)
APRIL (VIRTUAL)
Dubai & Middle East
JUNE
(VIRTUAL)
Check out our API Conferences
www.a pida ys .globa l
Want to talk at one of our conferences?
apidays.typeform.com/to/ILJeAaV8
• Open Banking & APImetrics
• UK launched in 2019
• APImetrics monitors OB for
some of the UKs largest Banks
(and others)
• We make FAPI compliant
‘real’ calls into production
banks
The approximate number of API calls we’ve
made to build up our data and experience
7.5
8
8.5
9
9.5
10
Average
CMA9
Neo Bank
Traditional Bank
Enterprise IT
Quality of Different Providers
by type of bank
Lesson 1
Quicksand
Sandboxes
• Sandboxes came before
Open Banking
• Don’t much look like the
actual bank
• Led to lots of friction
This Photo by Unknown Author is licensed under CC BY-SA
Lesson 2
Document what you do, not what
you think you do
IT JUST
DOESN’T
WORK
Lesson 3
There and back again…
Nothing beats end-to-end
Cloud
Servers
Networking
Security
Gateway
Backend
Systems
Measure from where partners are…
… not where is easy
Lesson 4
Everybody and everything lies
Verify & check
everything
You might not be able
to do this with your
existing systems….
Lesson 5
Be Kind to Frogs
In Conclusion
Open banking is working but work remains
• Some do it very well, but a lot still
struggle
• Don't mark your own homework –
seriously REGULATORS stop this right
now
• Neo-banks are doing best but the
large banks are holding their own with
older IT stacks
• Existing systems and practices don’t
give you the cover you need
David O’Neill
CEO
APImetrics
david@apimetrics.com
Check out our reports at https://api.expert
Find out why some of the world’s largest banks trust us for their
performance and regulator reporting

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