API Connect

Identifying API Use Cases in Banking - White Paper available

By Alan Glickenhouse posted Wed September 07, 2016 05:01 PM

  

bank2One of the most common discussions I have with any business is about API use cases related to industry specific scenarios – their scenarios. We are making the information shared in these discussions more accessible to everyone by publishing a series of industry specific white papers covering these and related topics.  Each white paper has a consistent format that includes:




  • Identifying the common business drivers for API initiatives

  • Describing an API identification methodology

  • Supplying industry-specific examples using the methodology

  • Discussing the current state of regulatory requirements and industry standards for APIs

  • Providing recommendations for starting an API initiative


mobilebankingI am excited to have worked with industry subject matter experts to author each paper in this series.  In each case my co-authors bring years of real world industry experience working with companies in the industry.  The first paper in the series is now available and focuses on the Banking industry.  My co-author for this paper is Esther Kim who is the Global Mobile API Economy Solutions Executive for Financial Services.  In the Banking paper we cover use cases related to Retail Banking, Commercial Banking, and Wealth Management across a wide variety of scenarios – internal, partnering, social, analytics, and more.

You can click here to download the paper.

To understand more about IBM’s thoughts on the API Economy visit the IBM API Economy website.  IBM API Connect is IBM’s complete foundation to Create, Run, Manage, and Secure APIs.  You can find more information about IBM API Connect at the API Connect website.  And you can also download a trial version of API Connect.

If you have questions, please let me know.  Connect with me through comments here or via twitter @Arglick to continue the discussion.
#apistrategy
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#think_apis
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#apis
#api_economy
#Banking
#APIManagement
#Mobile
#APIEconomy
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Thu July 13, 2017 01:39 PM

Vikas,
Here is a great resource to help with your question on open banking: https://www.ibm.com/blogs/insights-on-business/banking/open-banking-apis-are-open-for-business/

Because your question was short, I am not sure if you are referring to the "Open Bank Project" which is an open source API project being led out of Germany? If so, you can find more about their efforts on their web site - https://openbankproject.com/about/

And, if you are referring to PSD2 which is a regulatory requirement in the EU to open bank account information for various purposes, you can find more about this on this page from IBM https://www.ibm.com/cloud-computing/psd2.html and there are many other resources as well.

Thu July 13, 2017 06:30 AM

Need to understand API Open Banking