A streamlined application programming interface (API) process is important, especially when it comes to the fintech industry, because well-built and consistent APIs attract business. If a bank has too many API models, the integration cost becomes too high and complex for software developers, who could then prioritize a competing bank.
API governance is a set of tools to centralize the building of APIs. Drawing on centralized resources, engineering teams create APIs using a consistent design and set of standards that match their priorities.
Among the 11 processes to put in place are:
- Governance committee
- Style guide
- Security assessment checklist
- External developer portal
Download the PDF of the 11 API Governance Practices to learn more about what they are, why they're important, and how to put them in place.
A streamlined application programming interface (API) process is important, especially when it comes to the fintech industry, because well-built and consistent APIs attract business. If a bank has too many API models, the integration cost becomes too high and complex for software developers, who could then prioritize a competing bank.
API governance is a set of tools to centralize the building of APIs. Drawing on centralized resources, engineering teams create APIs using a consistent design and set of standards that match their priorities.
Among the 11 processes to put in place include:
- A governance committee
- Style guide
- Security assessment checklist
- External developer portal
Download the scorecard of the 11 API Governance Practices to learn more about the processes and how to measure success.
