apidays New York 2022 - Beyond API Regulations for Finance, Insurance, and Healthcare July 27 & 28, 2022 5 Challenges with Open Banking API Deployments David O'Neill, CEO at APIMetrics ------------ Check out our conferences at https://www.apidays.global/ Do you want to sponsor or talk at one of our conferences? https://apidays.typeform.com/to/ILJeAaV8 Learn more on APIscene, the global media made by the community for the community: https://www.apiscene.io Explore the API ecosystem with the API Landscape: https://apilandscape.apiscene.io/ Deep dive into the API industry with our reports: https://www.apidays.global/industry-reports/ Subscribe to our global newsletter: https://apidays.typeform.com/to/i1MPEW

1. 5 Lessons from the first years
of Open Banking APIs
David O’Neill
CEO - APImetrics

2. 2022 SERIES OF EVENTS
New York
JULY
(HYBRID)
Australia
SEPTEMBER
(HYBRID)
Singapore
APRIL
(VIRTUAL)
Helsinki & North
MARCH
(VIRTUAL)
Paris
DECEMBER
(HYBRID)
London
OCTOBER
(HYBRID)
Hong Kong
AUGUST
(VIRTUAL)
JUNE (VIRTUAL)
India
MAY
(VIRTUAL)
APRIL (VIRTUAL)
Dubai & Middle East
JUNE
(VIRTUAL)
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3. • Open Banking & APImetrics
• UK launched in 2019
• APImetrics monitors OB for
some of the UKs largest Banks
(and others)
• We make FAPI compliant
‘real’ calls into production
banks

4. The approximate number of API calls we’ve
made to build up our data and experience

5. 7.5
8
8.5
9
9.5
10
Average
CMA9
Neo Bank
Traditional Bank
Enterprise IT
Quality of Different Providers
by type of bank

6. Lesson 1
Quicksand

7. Sandboxes
• Sandboxes came before
Open Banking
• Don’t much look like the
actual bank
• Led to lots of friction
This Photo by Unknown Author is licensed under CC BY-SA

8. Lesson 2
Document what you do, not what
you think you do

9. IT JUST
DOESN’T
WORK

10. Lesson 3
There and back again…
Nothing beats end-to-end

11. Cloud
Servers
Networking
Security
Gateway
Backend
Systems
Measure from where partners are…
… not where is easy

12. Lesson 4
Everybody and everything lies

13. Verify & check
everything
You might not be able
to do this with your
existing systems….

14. Lesson 5
Be Kind to Frogs

16. In Conclusion

17. Open banking is working but work remains
• Some do it very well, but a lot still
struggle
• Don't mark your own homework –
seriously REGULATORS stop this right
now
• Neo-banks are doing best but the
large banks are holding their own with
older IT stacks
• Existing systems and practices don’t
give you the cover you need

18. David O’Neill
CEO
APImetrics
david@apimetrics.com
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