API.expert Monthly Banking API Analysis: March | Cluster of Failures

This Month’s Banking API HighlightsBank of Ireland in the Open Banking API – UK – Open Data category takes the overall title this month with a CASC score of 9.73.HSBC in the Open Banking API – UK – Open Data category takes the overall title again in March with a median latency of 88 ms, down from 91 ms in February.B (bank) in the Open Banking API – UK – Production category takes the overall wooden spoon with a CASC score of 4.15.We take a good, hard look at just what went wrong with the Lloyds Group Open Banking Open Data API on 13 [...]

2021-04-15T13:41:45-07:00By |Fintech, Monthly Report|

Fintech API Ratings Summary: November 2020

Something of interestHSBC languishes at the bottom of the Open Banking – UK – Open Data category of Fintech APIs this month, as it so often does. The API has a 100% pass rate and is blisteringly fast. So why does it find itself in the Amber Zone?  It does have the highest percentage of outliers at 2.91%. The CASC score is all about consistency. And the HSBC API might be fast, but it is not consistently fast.If we look at the average latency in November for a couple of example endpoints we will see the issue. For the HSBC [...]

2020-12-16T06:25:09-08:00By |Monthly Report, Fintech|

Authentication in Open Banking APIs

Open Banking APIs are, by necessity, secure. In the United Kingdom, an entity wishing to make a call to a UK financial service provider must be a trusted TPP (Third Party Provider). The exact model is different in other geographies, but the fundamental idea is similar – the TPP will be given access to a certificate that proves who they are and credentials that allow for secure mutually authenticated communication between their servers and the institution they are connecting to. This all has to take place before an individual user can get to the authentication stage that we’re all familiar [...]

2020-11-20T10:25:48-08:00By |Fintech|

API Performance Analysis: Hitting the Mainstream

Here at APImetrics, we've been at the cutting edge of API performance analysis for over four years now. So we tend to forget how far things have come in just a short period of time. This was brought home to me just today by a thought piece in Forbes on the API economy. This point in particular leapt straight off the screen at me: APIs have become so essential to businesses that 85% consider web APIs and API-based integration fundamental to their business strategy and continued success. Five years ago, we were still having conversations with our clients about why [...]

2020-07-09T14:15:46-07:00By |News, Fintech, Opinion|

APIs and the Cloud: An Impact Study

In their recent white paper, ThousandEyes concludes that all the clouds offer good choices from the perspective of network performance with solid backbones for data transfer. But that’s only part of the story. When we started with our unique multi-cloud approach, we assumed that there wouldn’t be much difference between different clouds when they’re used to call APIs. The fact is, they’re all VERY different. How we analyze performance Our product makes a series of calls to API endpoints. We use the same security (OAuth, OAuth+JWT, etc.) as a TPP (Third-Party Payment) provider or ASIP (Account Service Information) provider [...]

2018-11-15T09:50:42-08:00By |News, Fintech, IT and Cloud, Opinion|

Free Puppy!!! (AKA Free Software Is Rarely Free)

We do that! It really doesn’t matter what ‘that’ is. It could be API monitoring, it could be networking monitoring, it could be security services. It could be one of a dozen things. But the sales team for your infrastructure vendor is sure they do it or have a module for it, and they’ll do it for you for free as part of the large contract you’re signing with them. This offer of free software (or security or whatever) reminds me of two common problems. Problem one: the ‘free puppy problem’ Somebody gives you a free puppy. That’s great! You [...]

2020-07-07T09:31:58-07:00By |Opinion, Enterprise IT, Fintech|

Top of the APIs: Which CMA9 Bank Was Summer Champion 2018?

The APImetrics Insights CASC (Cloud API Service Consistency) score lets you know the performance and quality of an API at a glance. It also lets you instantly compare any API with any other API. Not all APIs are identically comparable, so the usefulness in comparing two APIs depends on the nature of the APIs. In the case of Open APIs for UK CMA9 Banks, we can make direct (or almost direct) comparisons. That's because each of the CMA9 banks exposes APIs that do exactly the same things – with two caveats: Some banks have more ATMs or branches than others The [...]

API Compliance Monitoring – Can you afford not to?

https://apimetrics.io/wp-content/uploads/2018/08/Why-API-Compliance-Monitoring-APImetrics-2018.mp4In the rapidly expanding fields of Open Banking, where there are regulations driven by systems like the European Payment Services Directive, you have to prove your IT systems work as the regulations require – AND, just to add a little extra complexity, some of the dependencies might be entirely outside your control! But when it comes to API Compliance Monitoring, the dirty secret of most testing and DevOps strategies is that they’re more interested in being able to prove the IT systems are working at all than working the way they’re meant to be. Compliance - Can You Prove It? If an [...]

2021-12-14T15:32:58-08:00By |Opinion, Fintech|

Open Banking CMA9 API Performance Data CMA9 – July 2018

We first shared this on LinkedIn a few days ago, but it's worth repeating here as this data is, we believe, fundamental to the success of CMA9 Open Banking API initiatives and the banks, ASPs and TPPs who are running them. Next we're going to be diving into the core data and what it's telling us. Improvement, but still a way to go... Over the course of this year, we’ve found a consistent number of what we deem to be underperforming CMA9 Open APIs from UK banks. That number has been set at around 30%. But in a good [...]

2018-08-06T13:54:36-07:00By |Monthly Report, Fintech|

CMA9 Open Banking public APIs: Latest News

The story of our previous monthly surveys of the UK CMA9 Open Banking public APIs has been that roughly 30% of the APIs have fallen below an acceptable score of 800 or more. While things have improved in June, confirming our suspicions that many of the banks took advantage of the multiple holidays during May to make changes, we still observe that 28% of the APIs we monitor are performing below a 'good' score as determined by our CASC scoring system. This is strongly tied to a small number of the institutions involved. Generally speaking, if some of a bank's [...]

Go to Top