apidays Paris 2024 - Fostering API Productization in Federated API Architecture, Abhijit Dey, Axis Bank Ltd

Fostering API Productization in Federated API Architecture
Abhijit Dey, Vice President - Product Head API Banking at Axis Bank Ltd

apidays Paris 2024 - The Future API Stack for Mass Innovation
December 3 - 5, 2024

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Transcript

1. FOSTERING API PRODUCTIZATION IN FEDERATED API ARCHITECTURE U N LO C K I N G S Y N E R GY A N D S C A L A B I L I T Y I N M O D E R N E N T E R P R I S E S " A B H I J I T D E Y V I C E P R E S I D E N T - A X I S B A N K LT D ( I )
2. AGENDA F E D E R AT E D A P I M A N A G E M E N T: E M P O W E R I N G A G I L I T Y F E D E R AT E D A P I : P R O D U C T M I N D S E T I N N O VAT E A N D D E V E LO P A P I P R O D U C T C A S E S T U DY: C O N V E R S AT I O N B A N K I N G O N F E D E R AT E D A P I A R C H I T E C T U R E
3. IN THE FUTURE, PEOPLE WILL NOT COMMUTE, THEY WILL COMMUNICATE. - A R T H U R C . C L A R K E
4. FEDERATED API MANAGEMENT EMPOWERING AGILITY
5. WHY FEDERATED API MANAGEMENT? Centralized Standards: Consistent governance. Flexibility: Preferred environments. Efficiency: Reduced central burdens. Innovation: API reuse. Scalability: Central and decentralized. Boosts Resi lience: Fault- tolerant design BALANCING AGILITY AND GOVERNANCE
6. FEDERATED API MANAGEMENT: HOW IT WORKS? Decentralized API Ownership: Team Autonomy: Independent API management. Decision-Making: Tailored tools and methods. Centralized API Gateway: Unified Access Point: Single entry for consumers. Security Enforcement: Centralized security policies. Traffic Management: Load balancing, rate limiting. Consistent Governance: Policy Implementation: Standardized security and compliance. Best Practices: Common standards and guidelines. Collaborative Development: Shared Repositories: Unified code and documentation. Cross-Functional Teams: Seamless API integration. Monitoring and Analytics: Unified Dashboard: Centralized performance insights. Proactive Management: Continuous monitoring and troubleshooting. Continuous Improvement: Feedback Loop: Iterative enhancements. Regular Updates: Ongoing API improvements.
7. PRODUCT MINDSET IN FEDERATED ENVIRONMENT Core Principle:  User-Centric Approach: Focus on users.  Iterative Development: Continuous improvements.  Cross-Functional Collaboration: Team synergy.  Metrics-Driven Decisions: Data-guided choices.  Value Delivery: Tangible benefits. Benefits: • Enhanced Agility: Quick adaptation. • Increased Innovation: Creative solutions. • Higher Satisfaction: Better experiences.
8. API PRODUCT DEVELOPMENT IN FEDERATED API ARCHITECTURE APIGW1 APIGW2 APIGW3 Data Plane1 Data Plane2 Data Plane3 Monitoring Analytics Metering Metrics Innovation Product Catalog Discovery Authentication Policies Analytics Team API Product Managers API Ops managers API Developers Centralized Control Plane API Gateways Decentralized Data Planes Analytics Engines API Governance Manager
9. CASE STUDY: PRODUCTIZING APIS IN CONVERSATION PLATFORM ENHANCING CUSTOMER EXPERIENCE
10. WhatsApp User WhatsApp Servers API Product Plane API GATEWAY Decentralized Data Planes Analytics LOBs • Docker • APIs • AI Engine • Authentication API PRODUCTIZATION ON CONVERSATION PLATFORM
11. THANK YOU ABHIJIT DEY VICE PRESIDENT- AXIS BANK LTD(I)