Kong and AWS partnership facilitates Open Banking
Blog post from Kong
Open Banking is a transformative initiative in the financial sector that allows banks to publish their APIs, enabling the development of new applications and services, thus giving consumers and organizations easier access to a range of financial services without traditional banking overheads. The Kong-AWS partnership provides the technology for financial institutions to meet Open Banking requirements by automating and modernizing their architecture, offering tools like APIOps for integration with CI/CD pipelines, a Developer Portal for API efficiency, and Vitals for analytics. This partnership enables scalability, innovation, and strong security practices, accommodating both cloud and on-premise deployments. Notable implementations include First Abu Dhabi Bank's migration to a microservices architecture and ANZ's deployment of a flexible API gateway to adapt to fast-changing Open Banking demands, demonstrating the significant cost reductions and increased agility that can be achieved through this approach.