April 10, 2018
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Microsoft has announced a new Azure Blueprint for SWIFT. The blueprint specifically helps Microsoft enable SWIFT connectivity in the cloud. SWIFT is a provider of secure financial messaging services. Its rapid adoption made it an ideal candidate for an Azure Blueprint.
Innovation in web service APIs is not always technical, sometimes it's about money. Such is the case with Yahoo's announcement that later this year they will begin charging for usage of BOSS (Build your Own Search Service), their search web service for developers. Given that search revenue is typically ad-driven, and that advertising doesn't typically mesh with APIs, this has meant that search APIs have been one of the most challenging classes of APIs for providers to monetize. So it's notable to see how Yahoo has chosen to tackle this: via a 'utility' pricing model, somewhat akin to how infrastructure services like Amazon Web Services charge by usage.
One of Kenya's largest banks, Equity Bank, made a huge advance in the fintech space with the launch of the Jenga Payment Gateway API. The API connects all parties in the financial ecosystem through API integration that enables account management, payment, charges, and much more.