The meetup was opened by Satish Kamalchand Dadha by presenting Azure API Management overview and API use cases in Banking Industry. He is a Senior Specialist focusing on Digital and Application innovation at Microsoft.
His Session focused on use cases of APIs in Banking and Financial Services industry, Key capabilities to look for in an API Management solution and an overview of Azure API Management Solution.
In his talk, Satish is going to delve into why organizations should consider investing in an API management solution.
He continues with what’s needed to look at API management, what are the capabilities that one needs to look for in an API management solution and Once a case is made for using an API management tool set, what are the capabilities that one should look for? And then he also jumped onto the capabilities of assures, API management offering.
Lastly, Satish closes his presentation with some cases, from the financial services industry point of view of API use cases in banking industry.
So, why should organizations consider investing in API management?
When organizations invest in an API management solution, they invest in offering their business capabilities as APIs. This provides a means to extend the reach of their offerings.
So, for example, if your business is a bank, a retailer, a hotel, a travel and transport company when the business starts offering the core offerings as APIs, it opens up the possibility of creating partnerships. It is important in today’s day and age, where things are becoming app based.
When a business starts exposing their core capabilities as APIs, it maximizes the possibility of forging a partnership with a startup, with a, with a mobile app and then, extending the reach of my offerings and which is extremely critical.
Moving on, Satish explains what are the capabilities that one needs to consider. So, any API management initiative can be considered successful if it gets consumed by a lot of, let’s say, clients or partners.
So, one needs to be mindful of or aware of the expectations from API consumers. In order for API management initiatives to be successful, one needs to know what are the expectations of API consumers? And what are the expectations from API Providers?
Expectations of API Consumers
- How does a developer find an API?
- How does a developer “sign-up” to use the API?
- Can the API be tried before all the effort to consume it?
- Is there documentation?
- Does the API provide what the consumer is looking for or what the provider can do?
Expectations from API Providers
- Automated, visual and coding options for creating APIs
- Lifecycle and governance for APIs, Products
- Access control over APIs, API Products
- Customizable, self-service Developer Portal for publishing and consuming APIs
- Policy enforcement, security and control
- Advanced API usage analytics
- Hybrid-cloud, Multi-cloud, and on-premise support
- Scalability
Azure API Management comprised with 3 capabilities:
- API Management Plane
- Developer portal – User Plane
- Developer portal – User Plane