Watch: API strategy key to rapid growth of new biz opportunities: Prashant Sharma, IBM

The information technology (IT) Industry across the world is witnessing a major shift. Businesses are looking to restructure themselves to stay ahead of competition by gaining an edge over technology shifts and business models.

Enterprises are looking for a robust and flexible integration layer, which supports the core business systems and enables innovation  at the same time. IT leaders are often under mounting pressure to speed up, scale and distribute integration capabilities.

Prashant Sharma, country manager, hybrid cloud integration at IBM India/South Asia spoke to TechCircle about the challenges enterprises are facing currently and how IBM is helping with application modernisation and integration.

"Application modernisation and integration is basically re-architecting or re-building or changing your infrastructure. IBM API has helped several organisations across industries like banking, insurance and automotive, especially in their manufacturing units and others. This has helped the banks to embrace an open banking platform to create new innovative financial solutions and integrate various banking services using Open APIs and a simulated environment to build and test applications,” he said.

The API platform offers banks a multi-channel support mobile, web and traditional banking which has resulted in a flexible, scalable, and stable platform. The highly customizable developer portal provides easy app developer management with fully automated services.

Read: Recently, in direct competition to a set of APIs launched by Yes Bank in November, ICICI Bank come up with its own version of an API (application programming interface) banking portal with close to 250 APIs.

Read how Mumbai headquartered Yes Bank recently launched its very own API sandbox, which allows its partners to plug specific banking functions into their own corporate solutions.