api economy
TRANSCRIPT
API Economy
Entire Contents © 2016, Fiorano Software Inc. All rights reserved;
Fiorano, the Fiorano logo, FioranoMQ, Fiorano Middleware Platform, Fiorano Cloud Platform, Fiorano ESB and Fiorano SOA Platform, are trademarks or registered trademarks of Fiorano Software Inc. and affiliates. All other trademarks belong to their respective owners.
Driving Next Generation Digital Banking
About Fiorano
Global Information Awards and Achievements
Headquarters : California, USAOffices : 11 World wideDevelopment : Bangalore, IndiaFounded : 1995Deployments : 500+ World wide
Global Partner Network Global Distribution Network
Awards and Achievements
SD Times names Fiorano as Leader and Innovator in Integration & Middleware for third consecutive year
Fiorano ESB - Winner of WSJ's “World Class Product Award”
Intelligent enterprise names Fiorano Software a "Company to Watch"
Fiorano ESB-"Best Java ESB” Fiorano MQ- "Best Java Messaging Tool”
Integrating Multiple Delivery Channels
Fiorano has helped many leading banks Integrate their core banking
system
Fiorano has been featured inGartner Magic Quadrant for 10+ years!
Enable Digital Banking
4
Fiorano… Product portfolio…
Fiorano SOA Platform Fiorano Enterprise Service Bus (Fiorano ESB™)
FioranoMQ® (Messaging Middleware)
Fiorano Micro Services
Fiorano IDE, Components, Adapters and Tools
Fiorano API Management
Fiorano B2B
Fiorano Cloud Platform
Fiorano Solution Accelerators: Temenos T24, SWIFT, SAP and Salesforce.Com
What is API Economy?
They have evolved into a business model driver and have become a boardroom discussion topic.
Application Programming Interfaces (APIs) are no more only a development technique.
APIs are the new must-have for business, representing the shift in business engagement with clients, partners and community.
Partners
VendorsClients
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API Evolution
60’s-80’s
First connections between different network protocols.
Beginning of programmatic exchange
of information.
TECHNOLOGY USED:Proprietary
technologies, TCP, ARPANET, etc.
80’s-90’s
Remote interactions over network. Function
calls, procedure calls and object broker
through interfaces.
TECHNOLOGY USED:Flat Files, EDI, RFC &
Point-to-point integration
90’s-2010
Better Integration methods and tools with
middleware technologies.
Introduction to concept of services and
message queues.
TECHNOLOGY USED:MQ, ESB & SOA
2010 onwards
APIs are employed for rapid service
enablement. Cloud based integration. REST
based services with protocols like JSON.
TECHNOLOGY USED:API, RESTFUL services &
JSON
*ProgrammableWeb, http://www.programmableweb.com/category/all/apis
Today there are more than 14000 public APIs in “Programmable Web” Today*
Technology Disruption in Banking
The likes of Alibaba, WeChat, Apple, Tencent, and Google offering financial services, predominantly around payments are disrupting the value chain.
Non-Traditional Financial Service Providers
Immediate steps for Banks: Embrace technology disruption Innovate new business models Harness digital technologies
Entire Contents © 2016, Fiorano Software Inc. All rights reserved;
New Customer Requirements
The millennial will soon constitute up to 50% of the global workforce by 2020 and it is only natural for banks to pay heed to their concerns for a more customer focused services.
Banking to-date has focused its attention on delivering a native banking App onto the mobile channel. By just going mobile, it doesn’t cater to all the needs of millennial generation!
“I want to access my bank from inside my preferred social media App.”
“I want to order and pay for a taxi in a single App interaction.”
“I want to buy a car so I expect to find, research, finance, insure, pay for and manage the car using my favorite ‘Motoring App’.”
Customer Demands
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API Use Case
• Mobile Apps: Create Customer centric Apps by including Mobile specific advantages like:
• Ability to use camera for depositing a check• Utilize GPS and LBS to identify nearest Branch/ATM
• Partner Programs:• Provide APIs to Partners allowing them to sign up for services, access information
about their accounts and provide services to their customers using the Bank’s services. • Enroll more programs like Rewards, Loyalty programs, Gift cards, etc.• Offer vertical specific loans like Student loans through educational websites, Car loans
through automotive websites, real estate loans through property websites, etc.
• Digital Wallet:• Opens up new business opportunities to extend payment services.• Builds new relationship to create increased traffic for your banking services.
Entire Contents © 2016, Fiorano Software Inc. All rights reserved;
API Use Case
Loyalty Programme
Uber, Grab, OLA
PayTM, Apple Pay,
Google Wallet
Aggregator Websites
Bill Payments/ Ecommerce
Fiorano API Management
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Firewall
Customer Database
Core Banking System
Loan & Asset Management
Fiorano API Management – Driving Business Agility
Comprehensive analytics for business insight across all channels
Single interface across corporate ecosystem
Expand business by enabling enterprise APIs quickly
Reduced development costs via configuration-based API Assembly
Integrated reuse, monitoring, security
Managed services through versions, policies and contracts
Leverage API-based mobile applications for consumers Leverage APIs to enhance business
relationships with Customers, Partners and Suppliers
Partner & Customer communities
Leverage APIs and drive innovation across external
developer ecosystem
Company Web Sites and Applications
Fiorano API Management
INNOVATEAPI STRATEGY
MANAGE EXPANDBUSINESS
CONNECT
SECURE
MBaaS
Optimal API Design
Assemble •Assemble APIs through configuration
Secure •Set policies to manage and meter API usage
Test & Debug •Test and Debug an APIs within the framework
Monitor •Use analytics to monitor APIs and identify performance bottlenecks
Scale •Scale via caching capabilities over peer-to-peer infrastructure
Version •Version APIs for ease of deployment management
Iteratively Create and Expose APIs in a Single User Interface
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Use APIs to Extend and Externalize Your Enterprise
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Fiorano Consulting for API Management
Architecture Assessment Workshop
Entire Contents © 2016, Fiorano Software Inc. All rights reserved;
Industry-specific API strategy
Strategies to leverage external and partner developers
Optimize your API for a specific use case
End-to-end lifecycle management of APIs across the infrastructure
Fiorano Services for API Management
Installation, validation, testing and production certification of Fiorano API Management environment
Reusing internal enterprise resources (including existing middleware infrastructure)
Designing, Configuring, Securing and Scaling your APIs
Socializing your APIs via branded Developer portals
Implementation Services
Thank YouTo find out more about Fiorano’s solution, please visit www.fiorano.com
or Email us at [email protected].
AMERICA’SFiorano Software, Inc.230 S. California Avenue,Suite 103,Palo Alto,CA 94306 USA Tel: +1 650 326 1136Fax: +1 646 607 5875Toll-Free: +1 800 663 3621Email: [email protected]
EMEAFiorano Software Ltd 3000 Hillswood DriveHillswood Business ParkChertsey Surrey KT16 0RS UK Tel: +44 (0) 1932 895005 Fax: +44 (0) 1932 325413Email: [email protected]
APACFiorano Software Pte. Ltd. Level 42, Suntec Tower Three 8 Temasek Boulevard Singapore 038988 Tel: +65 68292234Fax: +65 68292235 Email: [email protected]