Solving fintech issues one API at a time

Tyk, a leading provider of API management technology, hosted a roundtable event to explore solutions to fintech challenges through API management, emphasizing the importance of data and API security, compliance, scalability, and adoption. Key insights from the discussion included the necessity of securing data using encryption tools like AES and SSL/TLS, employing OAuth and other access models for API security, and ensuring compliance with financial regulations by leveraging API gateways. The event highlighted the need for financial institutions (FIs) to consider growth trajectories when planning API management programs and the importance of facilitating adoption by integrating new technologies and phasing out legacy systems. Tyk's developer portal aids FIs in onboarding users, promoting internal and external API adoption, and supporting business growth through flexible and innovative solutions.