PSD2: Implementing APIs that interoperate with ISO 20022
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This document summarizes a webinar about implementing APIs that interoperate with ISO 20022. The webinar discussed how ISO 20022 and API payments infrastructure will coexist and need to be aligned. It provided an example API for making a credit transfer or payment initiation. It also demonstrated applying an ISO 20022 and SEPA business rules policy to API requests and responses using an API platform. The webinar emphasized designing APIs aligned with ISO 20022 and emerging standards, defining business rules, and applying rules at the API layer for compliance.
PSD2: Implementing APIs that interoperate with ISO 20022
- 1. Webinar PSD2: Implementing APIs that interoperate with ISO 20022 #xmldationwebinar
- 2. Host Tricia Balfe, COO, XMLdation Ireland triciabalfe @api_lifecycle
- 3. Recap on our first PSD2 Webinar ISO 20022 and API payments infrastructure will coexist and need to be aligned ISO 20022, SEPA etc API Platform JSON APIs Core Banking Platforms Integration Middleware Mobile Apps API Platform JSON APIs Core Banking Platforms Integration Middleware Mobile Apps View the slides and video http://www.xmldation.com/en/solutions/readmore/webinar-materials-psd2-ensuring-a- seamless-payments-journey-connecting-apis-and-iso-20022 Bank BBank A
- 4. From EBA ISO 20022 Support for 3rd parties
- 5. Content Example API ISO 20022 & business rule policies Demonstration Simple bank architecture and API Platforms Applying a business rule policy in API Layer Wrapup
- 6. Example API
- 7. Making a Credit Transfer / Payment Initiation
- 9. ISO 20022 Catalogue Contains: - XML Schemas for payments initiations (pain), account statements (camt) etc - Message Usage Guides (MUG), documenting business rules https://www.iso20022.org/payments_messages.page Snippets from XML Schemas Review naming, business term meaning, structures and business rules when designing APIs
- 10. Business Rules
- 11. Demo Create ISO 20022 and SEPA Business Rules Policy for Account API Apply policy to API
- 12. Bank Architecture and API Platforms
- 13. Simple Architecture API Platform Core Banking Platforms Integration Middleware Test Automation Framework Bank or Third Party Apps JSON APIs Outside the Bank Inside the Bank Bank
- 14. API Platforms (now Google) Anypoint API Connect API Management API Management API Manager API Platform Gaps • Developer Portal Content • Business rules policies • Testing API Platform Features • Gateway • Security • API Editor • Developer Portal • Etc...
- 15. Applying a Validation Policy to an API API Platform Core Banking Platforms Integration Middleware Bank or Third Party Apps Attach Policy Outside the Bank Inside the Bank Account API ISO 20022 Validation API Request ISO 20022 Validation Apigee State of APIs Report, 2016 Bank
- 16. Business Rule Validation Policies API Platform Core Banking Platforms Integration Middleware Test Automation Framework Bank or Third Party Apps JSON APIs Apply ISO 20022 Validation Policies to API Requests here Apply ISO 20022 Validation Policies to API Responses here Bank
- 17. How to Approach • Design the API • Align with ISO 20022 & emerging API standards • Define the business rules • For ISO 20022 and emerging API standards • For specific payments infrastructures e.g. SEPA • For your own bank, and specific services at the bank • Publish API and rules documentation • Apply the rules at the API Layer
- 18. • XMLdation is a world leader in end-to-end testing of standardised financial transaction messages : ISO 20022, SWIFT MT, JSON APIs • Our innovative Software-as-a-Service assists banks, e-invoicing providers, clearing houses, financial software vendors in the implementation, testing and maintenance of transaction messages. • XMLdation service is used by more than 20 banks in over 50 countries worldwide • Headquartered in Tampere, Finland; Office in Cork Ireland • Established in 2009 • Video http://myxml.is/offering16 @api_lifecycle @xmldation
- 19. XMLdation API Offering SaaS platform for managing API definitions With automatic generation of documentation and sandboxes for the Developer Portal, API validation policies at the API layer, and test components for end to end testing. All from a single source. Open Bank / PSD2 Consultancy XMLdation supports bank teams to reach compliance Bank Challenges PSD2 Compliance Bank Programme Tracks Time to Market API ecosystem Access and Identity Partnership Model API Layer End to End Testing Developer Supports
- 20. XMLdation SaaS Platform Offering Product management IT dev & testing Onboarding & support Client Business development API definition management Onboarding Developer portal Developer services Test Automation Test components Bank IT Environment Developer Portal Developer Services Production systems API validation policies API Project
- 21. Webinar Slides Slides will be posted to website after the webinars. You will receive a link by email. Wrapup Getting started with PSD2 Drop us an email at xmldation@xmldation.com, and we’ll help Next Webinar Thursday April 20th Watch out for information on topic Register at http://www.xmldation.com/en/company /events-list Meet us at PSD2 Implementation Congress | 28th- 29th March | London, UK Payments 2017 | 24th-26th April | Austin, Texas USA Open Banking Summit 10 May 2017, London, UK FinanzSymposium 2017 | 17th-19th May | Mannheim, Germany EBADay 2017 | 20th – 21st June 2017 | Dublin, Ireland Money 20/20 Europe | 26th – 28th June 2017 | Copenhagen, Denmark