api economy

API Economy

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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


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


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


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.


API Use Case

Loyalty Programme

Uber, Grab, OLA

PayTM, Apple Pay,

Google Wallet

Aggregator Websites

Bill Payments/ Ecommerce



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


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


Use APIs to Extend and Externalize Your Enterprise


Fiorano Consulting for API Management

Architecture Assessment Workshop


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]

mailto:[email protected]


