API performance monitoring is part of managing, and here at APImetrics our mantra is: You have to manage your APIs. And if you are relying purely on passive monitoring of API gateways, you are not monitoring your APIs because you don't actually know how your APIs are really behaving from the end-user perspective. Open Banking is a cluster of innovations driven by the new technologies and pent-up customer demand for truly 21st century banking. PSD2 is a EU directive mandating that banks and financial institutions across the European Single Market allow access to their systems for the purposes of [...]

In reading up on Open Banking, we recently came across an interesting letter from Olivier Guersent, the European Commission's Director‑General for Financial Stability, Financial Services and Capital Markets Union to Andrea Enria, the Chairperson of the European Banking Authority (EBA). The fact that such personages are exchanging letters about APIs tells us something about their perceived importance in the present and future worlds of open banking. And, tellingly, M. Guersent's views about how to manage APIs are aligned with the recommendations of best practices that we at APImetrics have made. The letter states: It is not possible for EBA [...]