WSO2Con USA 2015: Cross Section of an API Program: The NEXEN API Program at BNY Mellon
1 like1,799 views
BNY Mellon is an investment management company that offers a range of services throughout the investment lifecycle. The document discusses the company's digital transformation strategy through its Nexen API program, emphasizing the importance of technology, agile methodologies, and a supportive culture. It also highlights the components of the Nexen digital ecosystem and the need for effective API governance.
WSO2Con USA 2015: Cross Section of an API Program: The NEXEN API Program at BNY Mellon
- 1. The BNY Mellon NEXEN API Program Michael Gardner Managing Director, Head of Innova?on Center Silicon Valley
- 2. A li%le bit about BNY Mellon…
- 3. BNY Mellon: Built for Investors The Investments Company for The World BNY Mellon is an investments company. We provide investment management and investment services that help you invest, conduct business and transact in markets all over the world. We provide services for every phase of the investment lifecycle. Whether you’re looking to create, trade, hold, manage, distribute or restructure investments, we can help. In a profoundly challenging world for investments, BNY Mellon transforms insight into action and can help investors find their way. Powering the Investment Lifecycle Turning Insights into AcEon BNY Mellon: By the Numbers At September 30, 2014 $28.6 trillion Assets under custody and/or administration $1.7 trillion Assets under management1 $2.2 trillion Average tri-party repo balances2 $193 billion Private client assets
- 4. “SoHware is eaEng the world.” -‐ Marc Andreeson
- 5. DigiEzaEon: A DefiniEon We Like New entrants Digital giants Incumbents CompeEEve Landscape Online purchasing Increasing online popula?on Customer Behavior Advanced interfaces Ubiquitous connectivity Big Data analytics Next gen computing Technologies Operational value Business model innova?on Strategic & OperaEonal Value Organization Process Technology ConfiguraEon SOURCE: McKinsey & Company Digital Enterprise A company configured to deliver maximum strategic and operaEonal value from established and emergent technologies and associated shiRs in customer behavior and compeEEve landscape
- 6. Various Technologies Are Converging To Accelerate DigiEzaEon COMMODITY HARDWARE OPEN SOURCE ECO SYSTEM SHARE
- 7. • Approach as a joint CTS / business change program with a strong sponsorship • Invest in “the best training and mentorship you can find” • Change the culture by addressing the breath of change required at all levels of the organiza?on • Use agile as a method to promote empowered, self organizing teams focused on services • Start small and grow • Work closely with vendors to support Lean-‐Agile • Agile is not one thing. Connect the strategic dots. • Change governance/ control processes to support agile • Adopt a bimodal approach (not everything is suitable for agile) • Architecture needs to be a first class ci?zen • Agile is about teams of teams. • Use end-‐to-‐end capabili?es/ services as the organizing paradigm • Promote reusable components. PEOPLE PROCESS TECHNOLOGY Change Management Nexus DigiEzing BNY Mellon Requires Technology, People & Process
- 8. Investment Management Sales / Client Management Marke?ng Manufacturing Opera?ons / Logis?cs Purchasing Procurement Con?nual Improvement Talent Management Government / Regulatory 7 Technology Providers Market Infrastructure Data Providers Custodians Clients 5 6 4 1 3 1 2 NEXEN Digital Ecosystem Powered by BXP Providing a founda?on for clients and the industry to build upon NEXEN Digital Ecosystem OperaEonal Backbone 1. BNY Mellon eXtreme Platform 2. Data Cloud 3. Digital Pulse 4. API Inventory 5. Workflow Digital InteracEons InnovaEve SoluEons 6. Gateway/API Store 7. App store
- 9. Why APIs? • Micro Services • Digital Transforma?on • Developer Velocity • Pla_orm!!
- 10. API Governance • Consistency, Simplicity, Conformity of REST API • Ra?onalized APIs to serve cri?cal business use cases op?mally • Documenta?on: Descrip?ve content to help developers find , understand, consume • Data consistency and governance compliance • Service team has a defined service support model and documented support access methods • Documented mone?za?on scheme and billing implementa?on • Globaliza?on
- 11. Thank You