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 [...]

By |2018-08-09T09:52:44-07:00March 6th, 2018|Opinion, Fintech, News|0 Comments

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 [...]

By |2018-03-15T07:13:20-07:00March 2nd, 2018|Fintech, News, Opinion|0 Comments

Open Banking APIs Need PSD2 Monitoring – Now

Finextra's piece, "How Open Banking Will Blow Core Systems Out of the Water," says that the three hottest TLAs in banking are APIs, PSD2 and DLT (Distributed Ledger Technology). DLT is the generalization of blockchain-type systems. You don't have to use blocks to have a chain. According to the article, this isn't considered to be a mature technology. But though it's very exciting, it concerns us only indirectly through the use of APIs with DLT. APIs and PSD2, of course, are our bread and butter. The article raises a couple of points that we at APImetrics have been saying [...]

By |2018-08-09T09:53:30-07:00February 27th, 2018|Opinion, Fintech|0 Comments

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 [...]

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 [...]

By |2017-11-10T04:16:36-08:00November 9th, 2017|News, Fintech|0 Comments

Berlin 2017 – Speaking at APIDays

I'll be speaking tomorrow at the APIDays Banking Event in Berlin on Zen and the Art of API Monitoring - I'll aim to post the talk but the gist is simple - in Zen and the Art of Motorcycle Maintenance, the protagonist was driven mad by the question of what is good? The same really applies to API quality, which can depend not just on what you're measuring, but how you measure and where from. This has huge implications for the world of Open Banking and, especially, PSD2, where the banks are moving from, essentially, a one-to-one relationship with the [...]

By |2017-11-06T01:57:29-08:00November 6th, 2017|Fintech|0 Comments

Mini Case Study – When Did it Break?

Basepair is a next generation DNA sequencing (NGS) data analytics SaaS trusted by scientists at Harvard Medical School, Rutgers, Boston Children's Hospital, and others. They make NGS data analysis as simple as booking a flight online. Basepair provides a RESTful interface to add new samples, run analysis, download results, among other...

By |2020-02-24T17:59:29-08:00September 28th, 2017|Case Studies, Enterprise IT, Fintech, Government, Retail|0 Comments

PSD2, APIs and Performance, and Quality Monitoring

PSD2 (Payment Services Directive 2) is about to revolutionize the provision of payment and banking services within the European Single Market. All banks will be mandated to expose APIs that allow authorized third parties secure access to account information for making payments and carrying out other kinds of banking and financial transactions. Banks will have to compete with a whole host of new entrants into the payment services markets. They include well-known global companies such as Amazon and PayPal, as well as highly innovative fintech startups. Because PSD2 is enabled through APIs, it will be vital for companies exposing [...]

By |2018-03-14T09:40:58-07:00September 11th, 2017|White Papers, Fintech|1 Comment

PSD1 (Payment Service Directive): Show Me The Money

The European Single Market came into being in the early 1990s, but was in many ways more of an aspiration than a process. It wasn't just that there were a lots of vested interests that didn't necessarily want to see all of the friction removed from trans-border transactions. There were also a lot of practical and emotional reasons why people might be reluctant to obtain goods and services from countries on the other side of the continent. This was particularly the case in payment and related financial services, which was why the EU introduced the first Payment Service Directive in [...]

By |2017-09-13T05:45:27-07:00September 11th, 2017|White Papers, Fintech|1 Comment

What is a Web API? APImetrics Explains it All

"What is a web API?" At APImetrics, we actually get this question a lot. And I found someone asking this question recently on Quora as well. I answered it there, and I thought it'd be helpful to post it here, too. Happy learning! To understand what a web API is, it’s necessary to understand what makes a HTTP request to an API different from a HTTP request to any old URI (Universal Resource Indicator, which typically might be a webpage). Generally, we might expect that a HTTP server will return HTML. After all, it is the Hypertext Transfer Protocol. But [...]