open banking app for splunk · 2020-03-02 · industry ecosystem adoption and usage of the api is...

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Open Banking App for Splunk Take control of your API channel with the Open Banking App for Splunk. Ready to #ChooseiDelta? Open Banking The Open Banking API represents a new channel for customers to transact with their Bank or Building Society. The API is a standardised specification that allows Third Party Providers (TPPs) to interact securely with a Bank or Building Society on behalf of a customer. A growing number of TPPs offer services such as account aggregation, payment services, budgeting and price comparison. Industry Ecosystem Adoption and usage of the API is ramping up and both the Open Banking Implementation Entity (OBIE), who controls the API and the Financial Conduct Authority (FCA) have mandated that performance and availability reporting is submitted by Banks. Our Open Banking App leverages the OBIE standards: • API endpoint naming and identification • TPP org_id and software_client_id • Downtime detection so you know when an endpoint has breached the availability criteria Operational Excellence Live dashboard showing key operational metrics: volume, response time and errors Reduce Downtime The regulator collects and publishes monthly availability and performance data – avoid the naughty list! Alerting Alerts implement regulatory requirements on downtime reporting Customisable Modify and extend for different stakeholders: IT Ops, Fraud, Digital and Business Analytics [email protected] | 0131 524 9664

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Page 1: Open Banking App for Splunk · 2020-03-02 · Industry Ecosystem Adoption and usage of the API is ramping up and both the Open Banking Implementation Entity (OBIE), who controls the

Open Banking App for SplunkTake control of your API channel with the Open Banking App for Splunk.

Ready to #

ChooseiD

elta?

Open BankingThe Open Banking API represents a new channel for customers to transact with their Bank or Building Society. The API is a standardised specification that allows Third Party Providers (TPPs) to interact securely with a Bank or Building Society on behalf of a customer. A growing number of TPPs offer services such as account aggregation, payment services, budgeting and price comparison.

Industry EcosystemAdoption and usage of the API is ramping up and both the Open Banking Implementation Entity (OBIE), who controls the API and the Financial Conduct Authority (FCA) have mandated that performance and availability reporting is submitted by Banks.

Our Open Banking App leverages the OBIE standards:• API endpoint naming and identification• TPP org_id and software_client_id• Downtime detection so you know when an

endpoint has breached the availability criteria

Operational ExcellenceLive dashboard showing key operational metrics: volume, response time and errors

Reduce DowntimeThe regulator collects and publishes monthly availability and performance data – avoid the naughty list!

AlertingAlerts implement regulatory requirements on downtime reporting

CustomisableModify and extend for different stakeholders: IT Ops, Fraud, Digital and Business Analytics

[email protected] | 0131 524 9664

Page 2: Open Banking App for Splunk · 2020-03-02 · Industry Ecosystem Adoption and usage of the API is ramping up and both the Open Banking Implementation Entity (OBIE), who controls the

iDelta are a Premier Splunk Business Partner with 20 years of experience delivering enterprise class solutions to the financial services industry.

iDelta have worked with a number of UK banks delivering Splunk solutions across a range of financial services use cases including PSD2 and Open Banking.

Open Banking App for SplunkThe Open Banking App for Splunk provides a number of features to manage performance and availability of the API channel. Each endpoint is monitored by assessing real customer interactions, highlighting and communicating disruptions to stakeholders.

The App utilises simple, standard data sources available to all organisations.

DashboardsDashboards are available for different use cases:

• Open Banking Live – live view of API performance and availability

• API Analysis – provides a view across the various API endpoints with time range selection, filtering and drilldown options

• TPP Analysis – provides a TPP centric view allowing analysis and support of individual TPPs

Ready to #

ChooseiD

elta?openbanking@

idelta.co.uk | 0131 524 9664