API.expert Banking API Analysis: Tide APIs Are Near-Perfect

This Week’s Banking API Highlights

  • Tide in the Open Banking API – UK – Production category takes the overall title again this week with a CASC score of 9.84, up from 9.83 last week.
  • HSBC in the Open Banking API – UK – Open Data category takes the overall title again with a median latency of 97 ms, up from 95 ms last week.
  • RadarRelay in the Cryptocurrency Exchanges API category takes the overall bottom spot again this week with a CASC score of 4.23.
  • We take a look at two excellent Open Banking APIs and ask whether there is anything they can do better.

Something of interest

Tide takes the overall title again this week with a superb CASC score of 9.84. It’s a near-perfect API with 100% availability, almost no outliers, and pretty fast.

NatWest is a bit further behind. It’s not always available has a lot more outliers and is slower, but it still has a very good CASC score of 9.44.

Is there anything other banking APIs can do to improve?

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DNS Lookup Time for banking APIs is an obvious area of focus for Tide. It should be 4 ms everywhere, so this needs looking at.

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NatWest is 4 ms everywhere. This is why you need to be actively monitoring your APIs. Even if you have a good banking API, your competitor might be beating you one particular area where you know you can improve.

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TCP Connection Time is fast for the Tide banking API. Perhaps they should do better for Google and IBM Cloud, but we are only talking a few milliseconds.

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NatWest does slightly better here, especially with Google. So, again, that’s something Tide could improve.

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Handshake Time is a source of latency for Tide. Google and IBM Cloud are, in particular, quite a lot slower than Azure. Could something be done there?

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NatWest definitely beats out Tide with this component, again, especially with Google. So there’s definitely things Tide banking APIs could do.

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And it’s with Process Time that the Tide banking API really shines. And there’s not a lot of variation between clouds. This is all want is happening in the Tide data center.

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There’s even less variation between clouds for NatWest, but there’s over a 100 ms of extra latency for this component. But Tide has set the benchmark for Process Time.

By monitoring your banking APIs and competitors, you can see directly within Open Banking APIs how you compare.

There’s nowhere to hide!

And it’s clear where Tide and NatWest need to focus their efforts to shave off those milliseconds.

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Banking API Analysis: Overall Performance

Week Ending 10 May 2021

Category

Organization

CASC score

 

Cryptocurrency Exchanges

 

CoinMarketCcap (Sandbox)

9.42

Fintech

Square (Sandbox)

9.50

Open Banking: PSD2

 

Railsbank

9.52

Open Banking UK: API Sandbox

 

Lloyds Banking (Sandbox Auth)

9.78

Open Banking UK: Production

 

Tide

9.84

Open Banking UK: Open Data

 

Bank of Ireland

9.68

Tide in the Open Banking API – UK – Production category takes the overall title again this week with a CASC score of 9.84, up from 9.83 last week.

Banking API Analysis: Latency

Week Ending 10 May 2021

Category

Organization

Median Latency

 

Cryptocurrency Exchanges

 

Coinbase

123 ms

Fintech

Stripe

311 ms

Open Banking: PSD2

 

Railsbank

102 ms

Open Banking UK: API Sandbox

 

Royal Bank of Scotland (Sandbox)

151 ms

Open Banking UK: Production

 

Creation Cards

152 ms

Open Banking UK: Open Data

 

HSBC

97 ms

HSBC in the Open Banking API – UK – Open Data category takes the overall title again with a median latency of 97 ms, up from 95 ms last week.

Banking API Analysis: Worst Overall Quality

Week Ending 10 May 2021

Category

Organization

CASC score

 

Cryptocurrency Exchanges

 

RadarRelay

4.23

Fintech

Open Bank Project (Sandbox)

6.75

Open Banking: PSD2

 

Nobody under 8.00!

 

Open Banking UK: API Sandbox

 

Barclays (Sandbox Auth)

5.36

Open Banking UK: Production

 

Yorkshire Building Society

6.75

Open Banking UK: Open Data

 

HSBC

6.53

RadarRelay in the Cryptocurrency Exchanges API category takes the overall bottom spot again this week with a CASC score of 4.23.

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