First published on The New Stack. The pandemic has accelerated the shift towards digital channels for banking, retail, and a host of other services. As a result, businesses are shifting their digital transformation initiatives into overdrive in order to meet customer demand for online interactions, which should be both inviting and secure. APIs act as key drivers behind most successful digital enterprises.
An API gateway lets API calls enter and leave to reach their corresponding destination points, better known as microservices, in a system. An API gateway is mainly responsible for routing API calls. Its secondary responsibilities include security, caching, load balancing, rate-limiting, dynamic discovery and routing, management, and scaling the number API calls.
Finance has been at the forefront of enterprise analytics for decades. Over the years, these analytics have evolved from reactive, descriptive analytics related to financial performance, treasury holdings, and inventory management to predictive and prescriptive analytics for risk, credit, and financial business modeling.
The move to digital technologies has been taking place at a meteoric pace. Many businesses are forced into a position, where they must either deploy new solutions they may not be ready for or risk falling behind the competition. In their efforts to rapidly improve customer experience, enhance internal processes, capitalize on market opportunities, or optimize other operational processes, they often end up taking a more makeshift approach to digital transformation.
