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Written by apinity
03.01.2023
Estimated Reading time 5 min
The purpose of this article is to shed light on how the insurance and financial service industry can successfully make use of an API marketplace and internal API gateway to shape a robust, secure, flexible, and scalable API management strategy, addressing the relevant use cases and integrating best design principles for API security.
Technology executives, architects, and engineers who are concerned, interested in, and/or responsible for defining a successful API management strategy for their company.
Recommended reading: "How CIOs and CTOs Can Drive Quality and Innovation Through an API Enterprise Marketplace" — By Dr. David Vazquez Cortizo, Managing Director of apinity
API design refers to the process of developing application programming interfaces (APIs) that expose data and functionality for use by developers and users. APIs are important to modern organizations, adding new capabilities to everything from their operations and products to their partnership strategies.
API management refers to the processes for distributing, controlling, and analyzing the APIs that provide functionality and data.
API management refers to the processes for distributing, controlling, and analyzing the APIs that provide functionality and data. The goal of API management is to allow organizations that create APIs or use others’ APIs to monitor activity and ensure the needs of the users, developers and organizations using the API are met.
In this article, we will address the security considerations that insurance and financial corporations must consider when designing their API management strategy. We will describe the most relevant use cases and present how the combination of an external marketplace with an internal API gateway provides a very compelling solution to address both technical challenges and business opportunities.
Download the comprehensive whitepaper for insurance API, architecture and development leads & teams here: API Security Whitepaper
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