Global economies are embracing open API ecosystems, through either regulations or innovation programs. The new ecosystem emerging in banking includes Fintech companies and other financial institutions, as well regulators and standards bodies. It is imperative for banks to embrace organizational strategies that drive value from this trend.

There are several key challenges facing the industry as it adapts to this change:

• Disparate and inconsistent developer experience that differs across the API products being used.
• The complexity of collaborating with ecosystem partners.
• Distributed systems and endpoints with varying access restrictions.

Wipro FullStride Cloud Services API Marketplace on Google Cloud helps the industry meet those challenges by providing:

• A unified API marketplace with rich interactive experiences.
• A collaborative and consistent developer experience with proper governance.
• A single platform for publishing and consuming APIs across the organization and with partners.

Wipro FullStride Cloud Services API Marketplace provides a range of services and capabilities that help companies take advantage of open API ecosystems:

• Third party lifecycle management: API Marketplace enables third-party onboarding and offboarding, and gives administrators centralized control and governance of these processes. Third-party details are stored in GCP CloudSQL server. 
• API lifecycle management: API onboarding, offboarding, search and discoverability, version management and documentation are integral features of Wipro’s API Marketplace. These capabilities are served through GCP CloudSQL and Apigee.
• API catalog: An API catalog organizes published APIs on the Marketplace into logical groups and categories, and provides details on the APIs that are available for subscription.
• API discoverability: Marketplace provides a robust search tool for finding APIs in the catalog. Searches can be based on various parameters such as categories, API specification type (REST, GraphQL, etc.), user ratings and the security standards that are applied.
• API visibility: Marketplace allows publishing of APIs at three levels of visibility—public, private and protected. 
• App registration and management: Marketplace covers the complete lifecycle of apps, from publishing to deletion from Marketplace. These capabilities are served through Apigee. 
• Role Based Access: Organizations can securely control access to API Marketplace resources. Identity and Access Management is used to control who is authenticated (signed in) and who is authorized (has permission) to use resources on the Marketplace. These capabilities are served through GCP CloudSQL.
• Dashboard: Various Marketplace metrics can be tracked through a concise, bird’s-eye view. These capabilities are served through Apigee, GCP logging and GCP Big Query.
• ServiceNow integration: Incident tickets for non-accessible, unhealthy API endpoints can be generated automatically. 
• CI/CD pipeline integration and bulk upload: Marketplace can be integrated with CI/CD pipelines for automatic version updates and bulk uploading of large sets of APIs. These capabilities are served through GCP Cloud Storage, GCP Cloud Build, GCP Container Registry and Google Kubernetes Engine. 
• Reports: Administrative users can generate reports, including detailed audit logs, from the portal for specified time-periods. These capabilities are served through Apigee, GCP logging and GCP Big Query.
• Alerts and Notifications: Administrative users and API providers and developers can receive alerts and notifications via email and in-app.