wso2con usa 2015: cross section of an api program: the nexen api program at bny mellon
TRANSCRIPT
The BNY Mellon NEXEN API Program
Michael Gardner Managing Director, Head of Innova?on Center Silicon Valley
A li%le bit about BNY Mellon…
BNY Mellon: Built for Investors
The Investments Company for The World BNY Mellon is an investments company. We provide investment management and investment services that help you invest, conduct business and transact in markets all over the world.
We provide services for every phase of the investment lifecycle. Whether you’re looking to create, trade, hold, manage, distribute or restructure investments, we can help.
In a profoundly challenging world for investments, BNY Mellon transforms insight into action and can help investors find their way.
Powering the Investment Lifecycle
Turning Insights into AcEon
BNY Mellon: By the Numbers At September 30, 2014 $28.6 trillion Assets under custody and/or administration $1.7 trillion Assets under management1
$2.2 trillion Average tri-party repo balances2
$193 billion Private client assets
“SoHware is eaEng the world.” -‐ Marc Andreeson
DigiEzaEon: A DefiniEon We Like
New entrants
Digital giants
Incumbents
CompeEEve Landscape
Online purchasing
Increasing online popula?on
Customer Behavior
Advanced interfaces
Ubiquitous connectivity
Big Data analytics
Next gen computing
Technologies
Operational value
Business model innova?on
Strategic & OperaEonal Value
Organization
Process
Technology
ConfiguraEon
SOURCE: McKinsey & Company
Digital Enterprise A company configured to deliver maximum strategic and operaEonal value from established and emergent
technologies and associated shiRs in customer
behavior and compeEEve landscape
Various Technologies Are Converging To Accelerate DigiEzaEon COMMODITY HARDWARE
OPEN SOURCE ECO SYSTEM
SHARE
• Approach as a joint CTS / business change program with a strong sponsorship
• Invest in “the best training and mentorship you can find”
• Change the culture by addressing the breath of change required at all levels of the organiza?on • Use agile as a method to promote empowered, self organizing teams focused on services
• Start small and grow
• Work closely with vendors to support Lean-‐Agile
• Agile is not one thing. Connect the strategic dots.
• Change governance/ control processes to support agile
• Adopt a bimodal approach (not everything is suitable for agile)
• Architecture needs to be a first class ci?zen
• Agile is about teams of teams.
• Use end-‐to-‐end capabili?es/ services as the organizing paradigm
• Promote reusable components.
PEOPLE
PROCESS TECHNOLOGY
Change Management
Nexus
DigiEzing BNY Mellon Requires Technology, People & Process
Investment Management
Sales / Client
Management
Marke?ng
Manufacturing
Opera?ons / Logis?cs
Purchasing Procurement
Con?nual Improvement
Talent Management
Government / Regulatory
7
Technology Providers
Market Infrastructure
Data Providers
Custodians
Clients
5
6
4
1
3
1 2
NEXEN Digital Ecosystem
Powered by BXP
Providing a founda?on for clients and the industry to build upon NEXEN Digital Ecosystem
OperaEonal Backbone
1. BNY Mellon eXtreme Platform 2. Data Cloud 3. Digital Pulse 4. API Inventory 5. Workflow
Digital InteracEons
InnovaEve SoluEons
6. Gateway/API Store
7. App store
Why APIs?
• Micro Services • Digital Transforma?on • Developer Velocity • Pla_orm!!
API Governance
• Consistency, Simplicity, Conformity of REST API • Ra?onalized APIs to serve cri?cal business use cases op?mally • Documenta?on: Descrip?ve content to help developers find , understand, consume • Data consistency and governance compliance • Service team has a defined service support model and documented support access methods • Documented mone?za?on scheme and billing implementa?on • Globaliza?on
Thank You