CMA9 OBIE UK Report, April. And a third of APIs still under perform.

Competition and Markets Authority In March, we published a report on the UK's public CMA9 Open Banking APIs V2 from the OBIE. IN it, we found that more than 35% of the APIs offered were performing below our expected acceptable score of 800. And we're sad to say, the numbers for April are essentially unchanged, with 32% of APIs scoring below 800. When we analyse the banks, we find that the under-performing banks have largely remained the same. Although there's a new entrant – Bank of Ireland – which has historically been one of the better performing. [...]

2018-08-10T07:44:13-07:00By |Monthly Report, Fintech, News|

PSD2: National Governments and Bodies Have The Final Say

PSD2 is driven top-down by the European Commission and the European Banking Authority (EBA). But it is built bottom-up by the banks and other service providers themselves. And the Commission/EBA don’t regulate PSD2 providers. It’s the “national competent authorities.” In other words, it’s the regulator in each country. Unlike the UK, where the CMA9 regulations are defining what the banks must do, PSD2 leaves things entirely in the hands of the banks and related businesses.This creates an immediate problem. There might only be one set of regulatory technical standards for PSD2, but there are more than 30 national competent authorities [...]

2020-07-15T13:41:24-07:00By |News, Fintech|

PSD2 Active API Performance Monitoring: You Can’t Do That From Here

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 [...]

2018-08-09T09:52:44-07:00By |Opinion, Fintech, News|

Open Banking APIs: Working Together To Make It Work

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 [...]

2018-03-15T07:13:20-07:00By |Fintech, News, Opinion|

Monitoring the Untestable – A White Paper from APImetrics

APImetrics has just published Monitoring the Untestable, a new white paper that focuses on the Catch-22* at the heart of PSD2 and open banking: if you don’t actively monitor your production environment with synthetic transactions, you have no idea whether your bank’s APIs are truly compliant at any given moment. But banks are often reluctant (with good reason) to allow testing in the live environment. As we've said, to manage your APIs, you must monitor them. But if you are only passively monitoring your APIs, you are not monitoring them – which means you are not managing them. So, it's important to actively monitor [...]

The (Open Banking) Revolution Will Be Blogged.

BBC Business is a fairly obscure slot on the BBC's news channel, but the BBC News website is one of the leading news sites in the world and there was a story on the launch of PSD2 and Open Banking on the front page on Saturday. Of course, it takes about three-quarters of the article before it is admitted that Open Banking is an EU initiative – but this is the BBC we are talking about. God forbid they ever suggest that the EU ever did anything for us! So, as I said last week, PSD2 and Open Banking are [...]

2018-01-16T09:22:02-08:00By |API Update, News|

PSD2 Eve: Tomorrow It Goes Live. Are You Ready?

Happy PSD2 Eve! Yes, ladies and gentlemen, the time has come: It's going live throughout the European Single Market on Saturday, 13 January 2018. So, what happens if you realize on Monday morning that the passive monitoring or homemade cURL scripts you have implemented simply isn't enough? What if you find you're unable to understand how the open banking APIs your organization depends are really behaving? Here at APImetrics, we offer the industry's state-of-the-art active API performance and quality monitoring solution. Just reach out to us if there is any way we can help you with your APIs. To find [...]

2018-01-12T03:57:44-08:00By |API Update, News|

Rankings for Business Critical APIs

Every day, APImetrics run hundreds of thousands of API calls against some of the leading APIs in use. They're the APIs you may depend on, but you don't have a clear Service Level Agreement or Commitment. Using our Cloud API Service Consistency scoring system, we're launching the first part of a new service – providing weekly and monthly reports on the quality of leading APIs in a variety of sectors. Currently, these sectors include: Corporate Infrastructure APIs – cloud storage, office programs and more Developer Products – application tools Social Media – Facebook and more Search APIs – comparisons [...]

2017-12-01T08:21:35-08:00By |Feature updates, News|

Zen and the Art of API Monitoring

This week I spoke at the APIDays Banking Event in Berlin. The topic of my talk was a riff on the title of Robert Persig's 1974 classic, Zen and the Art of Motorcycle Maintenance. If you haven't read it, like many classics it's not always an easy read. It's a novelized discourse on the nature of what is 'good' - a topic which drives the protagonist mad. We've felt the same way about APIs - there are so many places you can monitor, and ways you can monitor, and data that monitoring delivers, it becomes almost impossible [...]

2017-11-10T04:16:36-08:00By |News, Fintech|

New Resource: Global HTTP bin network

Measuring performance from different regions and different clouds is core to what we do and providing developers, managers and product owners with the tools needed to understand what the impact of different locations and clouds is critical.  To help people with this information we've set up a network of HTTPbin servers for developers to use to test against. In each of the seven current Google Cloud regions, we have set up a small f1-micro VM running the HTTPbin API service. They are set up within a shared VPC network, which is fronted by the Google Cloud Load Balancer. They [...]

2018-08-10T15:37:37-07:00By |Feature updates, News|
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