what's next in financial services infrastructure plumbing and apis
TRANSCRIPT
#FINTECHREVOLUTION
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What’s Next in Financial Services Infrastructure Plumbing and APIs
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XIGNITE BACKGROUND
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WE MAKE MARKET DATA EASY
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2016 USAGE FORECAST
2 Trillion Hitswww.xignite.com – San Mateo, California – Copyright © 2016. All Rights Reserved
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FINTECH
OTHER TECH
OTHERS
FINSERV
DATA VENDORS
WE INSPIRE THE BEST
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XIGNITE IN NUMBERS1000+
Clients56
Countries$37M
Raised
455BAPI Request 2015
650API End Points
150Data Sources
35MInstruments
800TBOf Data
35 Employees
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HISTORY OF APIS
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API HISTORY
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HTMLW3C Standard
IMG TagFirst pointer to resources on external servers
JavaScriptFirst smart client capabilities
IFRAME TagComplex resource embedding
1996 FlashComplex resource embedding
XMLHttpRequestFirst Web API Implementation
AJAXFirst smart client logic
First API(Maps)
JSONPCall a server without a server
RESTRoy Fielding publishes his dissertation on REST
CORBAFirst standardRPC
First API
First API
First API
JSONFirst Spec
XMLW3C Standard
xigniteFirst Commercial API
First API First API
First API
S3 EC2
HTML5First Spec
SOAPW3C Standard
xigniteFirst Cloud API
First API
1990 1991
1993
1995 1996
1999 Feb-00
2000 2001
Jul-02Nov-00 Jun-05
Feb-05 Dec-05
1996 Aug-03 Jul-04 Aug-06 Sep-06Mar-06
Sep-121998
Oct-10Oct-08 Nov-13
FINTECHWAVE
First API
Oct-08
Jun-07 Jun-08
App Store
iPhone 1
First API
Oct-02
Jeff Bezos API Memo
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XIGNITE FIRST API
http://web.archive.org/web/20031024042925/http://www.xignite.com/xRealTime.asmx?op=GetRealQuote
2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015
Usage History
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An API Before its Time
455 Billion
App Store
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API GENERATIONS
Program
Library
Program
Program
Program
Server
Program
Cloud
1st GenerationInternal API
(60’s)
2nd GenerationRPCs
(70’s-80’s)
Network
3rd GenerationWeb APIs(90’s-00’s)
4th GenerationCloud APIs(00’s-10’s)
Local Not Sharable Complex Not Scalable
Remote Sharable Complex Not Scalable
Internet Sharable Simpler Scalable
Internet Shared Simple Zero-Footprint
Internet Internet
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WHAT’S NEXT?
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WHAT’S A CLOUD API?
A Utility: Simple To Use Standard Based Unlimited Power
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AN API YOU MUST RUN YOUR BUSINESS ON
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THE NEXT GENERATION
1990 1995 2000 2005 2020 2025
Client-Server Generation Web Generation
MainstreamApplications
The Next Big Thing
Fintech Mainstream Generational Replacement
FinTech EarlyAdopter Wave
2010
Cloud Generation2015
Internet – HTML – Browser – Active Server Pages – Broadband – AJAX
RDBMS – LANs – PCs – Mini Computers
Virtualization – SOAP – XML – JSON – REST – HTML5
Fat Client
DB Server
HTML
Web Server
HTML5
Cloud APIs
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THE TRANSACTIONAL APIs
THE BUSINESS APIs
THE NEXT-GENERATION APPS
THE INFRASTRUCTURE APIs
THE DATA APIs
THE ANALYTICS APIs
THE WORKFLOW APIs
THE FINTECH ECOSYSTEM STACK
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THE TRANSACTIONAL APIs
THE NEXT 5 YEARS
THE BUSINESS APIs
THE INFRASTRUCTURE APIs
THE DATA APIs
THE ANALYTICS APIs
THE WORKFLOW APIs
BANKS TODAY:IN-HOUSE EVERYTHING
2015
INTERNAL INFRASTRUCTURE
2020
PUBLIC CLOUD
THE GREAT REWRITE
EXPOSE CORE CAPABILITIES AS APIS AND MOVE TO CLOUD LAYER AND
SOME TO THE PUBLIC CLOUD
BANKS PROGRESSIVELY REWRITE AND MIGRATE FRONT END APPS FOCUS ON UNIQUE USER EXPERIENCE
LEVERAGE EXTERNAL PUBLIC CLOUD APIS
WRITE N
EXT GEN APPS O
N THE FU
LL STACK
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FINTECH ECOSYSTEM CONTINUES EXPANSION
Front Office
Mid Office
Back Office
Market Data
Legacy
InfrastructureFront Office
Legacy
Mid Office
Back Office
Market Data
Infrastructure
Mid/Back Office
DRAMATICALLY LOWER COSTS
Mid Office
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THE MARKET DATA CLOUD
High Costand Inflexibility
Feeds Files
Databases
Parsers Databases
Analytics Engines
Databases
Databases
App Servers
Cache Servers Fanout Servers
Feeds Files
Message Servers
Processing Engines
THE MARKET DATA CLOUD
Analytics APIs
Fanout APIs
Alert APIs
Processing APIs
Search APIs
Data APIs
Massive In House
InfrastructureSearch Engines
Applications
Infrastructure
External Data
High Costand Rigidity
Massive In House
Infrastructure
Reduced Costs and Improved Agility
Fully OutsourcedInfrastructure
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