5 Steps to thrive in the Open Economy
summary
Five concrete steps: add a normalized API layer to unlock legacy back ends; refactor monoliths into packaged business capabilities and microservices; adopt platform positioning (internal, restricted or public); run an API care developer portal with sandbox, SDKs and monitoring; follow a playbook for governance and go-to-market. Examples: Yellow Card refactors anti-fraud into microservices and achieves 15x faster processing and new partners; Original Bank grows from 700k customers to 4 million users via bank‑as‑a‑service APIs.
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chapters (5)
- 0:00Start
- 13:59Banking as a platform: Drive positioning and leadership through API strategy
- 18:45Insurance as a platform: Innovating faster by leveraging and growing the Ecosystem
- 23:565 Pragmatic Steps to unlock Open Finance with APIs
- 25:09Sensedia - Best Kept API Secret
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