Abhijit Dey, Deputy Vice President – Product Head API Banking, Digital Banking and Transformation, Axis Bank Ltd (India).
Author is an experienced Product Head with a demonstrated history of working in the BFSI. He is skilled in API management and API monetization. Author has wide experience in building an Open API framework for Banks to optimize API usage in the Partners ecosystem. Productizing APIs to envisage new on-boarding journeys are the key instruments for Author.
The API Banking is a capability to ensure banks can extend its services and journeys to third party environment in a controlled way with proper customer consent management. This is an enabler for Fintech, Payment and ERP aggregators to build a state of art native experience for their customers with no obligations from banks end, the journey will be independent of any redirection/ deep linking.
API is new Currency of Digital Economy – the most popular phrase about API Banking, indeed it acts as a differentiator when the Bank is open for collaboration with new age fintechs and startups of the world. API Banking is a secured way of banking which allows customers to experience the transactional services in a third party ecosystem without losing the control over the data and privacy.
I will be sharing my views and experience on Building API Banking Capabilities, this will contains the key technology components and enablers to build an API first organization. In this session I shall walk you through on how build your use case with API discovery and externalize those APIs through a secure channel, having said that the tech capabilities showcase through API portal is the visual depiction of your API Banking capability which will also get covered here.
In this session I would like to solve one practical problem statement of how can we streamlined and simplify the API integration time for any complex architecture. We will talk about the Open API switch on top of the APIGW to faster the integration time and build a marketplace on it.
Let’s meet in the session and exchange our knowledge on API Banking.