Red Hat conceived the agile integration concept to help our customers tackle integration challenges more effectively. As we described in an earlier post in detail, agile integration is an architectural approach centered around application programming interfaces (APIs) and API management. At its core, this concept resides on the following three pillars: distributed integration for greater flexibility, containers for the ability to scale better, and managed APIs for re-usability and hence speed.
When we started designing this concept we actually started from two premises:
- Agility today is the most important business capability — especially for incumbents in traditional markets.
- Every organisation has integration problems.
Typically in most companies nowadays the integration function is centralized and hence technically as well as organizationally a bottleneck. Our two premises contradict each other and we set out to design an integration concept that can solve this contradiction.
In order to come up with a solution that really helps our customers solve their integration problems in the best possible way, we first analysed the market to understand what actually are the problems that users are trying to solve. Although there are of course a very wide variety of often very fine-nuanced problems, it turned out that we could classify all the problems into six typical integration challenges. The following diagram summarizes these challenges and we then discuss each of them in more detail.
Continue reading “Six typical integration challenges that agile integration can solve”
On November 2, 2017, we announced the technical preview of a new low-code integration platform called Red Hat Fuse Online. This technical preview provided a first chance for users to experience the new platform and provide feedback.
Building on the feedback we’ve received with the Red Hat Fuse Online technical preview, we are happy to announce the Red Hat Fuse 7.0 technical preview 3 (TP3).
Continue reading “Announcing Red Hat Fuse 7.0 Technical Preview 3”
In the mid 90s, Bill Gates famously said that “banking is necessary, banks are not.” There is certainly a lot of truth in this statement. We all need banking services in some shape or form. But who delivers these services to us is secondary. In fact, Accenture concluded in a study conducted in 2016 asking over 30,000 people in 18 countries that if the tech titans like Google, Amazon, or Facebook would offer such services, 31% of the respondents would switch to them. This clearly imposes a significant threat on traditional banking institutions.
Another challenge that banks are facing worldwide are the increasing demands for regulatory compliance with respect to openness. Such regulations include, for instance, Payment Services Directive 2 (PSD2) in Europe, the Amendment Bill to Japanese Banking Law in Japan, the National Payments Corporation of India (NPCI) with the Unified Payment Interface, UK’s Open Banking standard by the Competition and Markets Authority (CMA), or the Open Banking Regime by Australia’s Federal Government. Banks approach these regulatory challenges in many different ways. Some see it as a serious business threat and only do the bare minimum for compliance; others see it as an opportunity and with smart investment start building banking platforms for the future.
Our suggestion for building the banking platform of the future resides on the principles of agile integration, which is an architectural approach centered around application programming interfaces (APIs) and API management. At its core, agile integration resides on the three pillars: distributed integration for greater flexibility, containers for the ability to scale better, and managed APIs for re-usability and hence speed. We described the details in an earlier post.
Continue reading “The Role of Agile Integration in Open Banking”