Alexa Delivering excellent unified development experiences for digital transformation efforts: RapidAPI
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Delivering excellent unified development experiences for  digital transformation efforts: RapidAPI

Delivering excellent unified development experiences for digital transformation efforts: RapidAPI

It all began at a hackathon in 2015. RapidAPI was made by developers for developers so they could have one place to access APIs and Microservices and build applications more efficiently and easily. Today, RapidAPI is the world’s largest API Hub where almost 3 million developers can find, test, and connect to tens of thousands of APIs — all with a single account, single API key, and single SDK. Software developers can also share and collaborate on internal APIs using RapidAPI for Teams, a common workspace to publish internal APIs and share public API subscriptions. In turn, organizations can use RapidAPI Enterprise to create a centralized hub environment to help developers reuse and connect to existing APIs faster while providing IT with enterprise-wide visibility and governance of API consumption.

Platform for Banking and Financial Services

APIs are a key component of modernization efforts in the banking sector, fueling a far-reaching change in technology, business strategy, and even financial regulation. APIs have become the key to creating innovative services, providing access to data, and opening up new channels. To take realize the full potential of APIs, financial institutions need to build an API strategy that works from the inside out using internal APIs, leverages an enterprise-class API platform, provides a flexible deployment model, offers developers a friendly user experience, and becomes the cornerstone for future innovation. Although many banks and financial services firms have already been participating in the API economy, the torrid pace in which new APIs are created has led many financial institutions to start thinking more broadly about their API Strategy and infrastructure. As more and more third-party APIs are developed, firms need to take the steps to develop the right API strategy: 

  • Work inside out:Start with internal APIs to build up API muscle.
  • Utilize an API platform:Ensure you have the right tooling and infrastructure in place.
  • Create flexibility in deployments:Start thinking about APIs earlier in the software development lifecycle.
  • Build with the developer in mind:Create an experience that is easy and intuitive to ensure adoption.
  • Make room for Innovation:Leverage your APIs to offer new products and services for partners and customers.

RapidAPI Enterprise Hub is a next-generation API platform designed to address the needs of modern-day APIs. RapidAPI Enterprise Hub is a white-labeled, internal API Marketplace used by developers, analysts, and product managers to discover and connect to internal APIs, as well as external API subscriptions. Additionally, companies can use the same RapidAPI’s Enterprise Hub to collaborate with partners, enabling them to also find and connect to your APIs. As companies grow and split into multiple teams, they form “software silos” with each group responsible for a specific product or technology. With limited visibility into what each team is working on, the result is often code duplication, longer development cycles, and a lack of overall governance. Companies can offer partners and customers access to key APIs using RapidAPI’s Enterprise Hub as a customer and/or partner API platform. Through the branded API hub, your organization can collaborate with other companies to create unique solutions and new monetization channels. In some cases, you will be able to reduce development cycles, creating stickiness to applications and services.

The World’s Largest API Hub

Increasing competition from new entrants and the availability of modern technology has disrupted the insurance industry, dramatically changing the types of products and services are offered and how these solutions are delivered. To keep pace, insurance companies are digitizing their services, leveraging APIs to power their modernization efforts. Using APIs, insurance companies can build applications that leverage third-party offerings – providing customers with more integrated and innovative services. Additionally, initiatives such as “Open Insurance” are gaining traction among insurance providers who want to create an ecosystem that enables them to share data through APIs. To make it easier to share and expose these APIs, providers are looking for an API platform for collaboration across the ecosystem. To find, connect to, and manage the APIs used in insurance more efficiently, a platform is needed to serve the needs of everyone in an insurance company’s ecosystem – customers, partners and other third-parties. RapidAPI Enterprise Hub is a next-generation API platform designed to address the needs of modern-day APIs. RapidAPI Enterprise Hub can be branded and customized by the insurance provider, creating a centralized API hub that can be used to internally connect to, share, and manage APIs. Additionally, RapidAPI’s Enterprise Hub can be used as to enable third-parties to also find and connect to an Insurance provider’s APIs.

As development teams within the insurance organizations grow and split into multiple teams, they form “software silos” with each group responsible for a specific product or technology. An Internal API hub provides a centralized location for the various teams to find, manage, and connect to all APIs — using a single key and SDK. An API Hub is branded with a provider’s identity and enables organizations to create new efficiencies, accelerating the software development process. Providers can offer third-parties access to key APIs using RapidAPI’s Enterprise Hub.  Using the API platform, providers can collaborate with third-parties to create unique solutions and efficiencies. Using the RapidAPI Hub, providers will be able to create more innovative and personalized services that enhance customer satisfaction. The RapidAPI Enterprise Hub:

  • Provides a centralized and customizable API platform
  • Enables companies to leverage their APIs to create new products and services
  • Empowers partners and co-collaborates to securely find, manage, and connect to the APIs you designate — all using a single key and SDK.
  • Delivers management capabilities that enable you to govern and manage API consumption with enhanced visibility and control

Meet the leader behind the success of RapidAPI

Iddo Gino, CEO of RapidAPI was a Part of Forbes 30 Under 30 list, he's a 2017 Thiel Fellow. Previously, he was a Co-organizer of Hacking Gen Y. Iddo has been programming since he was a kid and continues to contribute to open-source projects.

“RapidAPI provides a unified experience across the API development lifecycle from developing APIs with RapidAPI Client to testing and monitoring them with RapidAPI Testing.”


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