Case Study: API Maturity Assessment
Large regional bank
Measuring the API maturity of a large regional bank and its subsidiaries, providing actionable recommendations to:
Increase profitability from partnerships
Accelerate partner onboarding
Enhance security, adherence to standards
Increase operational efficiency
Situation
A large regional bank implemented an API platform at both group and subsidiary levels to integrate with partners.
Problems
- No standardisation across the group with Onboarding, Activation and Servicing of partners/clients
- Frequent bottlenecks for growth of their respective API ecosystems
- Untapped/locked sales channels and revenue streams
Scope
Blue Connector conducted a maturity assessment at the Group and subsidiary level
Objectives
- Assess client’s API Maturity at group and subsidiary level
- Provide metrics, guides and tools for bank to self-assess
- Provide metrics for ongoing performance
- Raise the client and its subsidiaries’ API Maturity
- Enable client to profitably grow their partner ecosystem
Measuring across five dimensions:
Strategic Alignment
Value Measurement
Partner Onboarding
API Standards
Lifecycle Management
Our methodology:
Survey
Analysis
Interviews
Results
Learnings
- Which subsidiaries are doing well, who needs help
- Which partnerships are delivering the most value to the bank
- Which subsidiaries using outdated technology, security risks
Results
- Actionable recommendations for each subsidiary to raise their maturity level
- Transferred best practice from leaders to laggards
- Stronger metrics for measuring partnership business value
- Accelerated partner onboarding
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