Apiboost (Achieve Internet) Recognized in Gartner® Report “Hype Cycle™ for Digital Banking Transformation 2021”

Photo 145584446 / Banking © Wrightstudio | Dreamstime.com
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by Jack Kelly|Vice President of Business Development

Photo 145584446 / Banking © Wrightstudio | Dreamstime.com

Apiboost was listed under the ‘API Marketplaces in Banking’ section of the report.

San Diego, CA., September 6th — Apiboost, an enterprise API portal SaaS platform, has been identified by Gartner as a Sample Vendor in the Gartner Hype Cycle for Digital Banking Transformation 2021. Apiboost is mentioned in the API Marketplaces in Banking category.

Gartner Hype Cycle reports “provide a graphic representation of the maturity and adoption of technologies and applications, and how they are potentially relevant to solving real business problems and exploiting new opportunities”.

Including Apiboost as a new entrant to the report this year shows that Gartner’s analysts are assigning a higher value to the importance of APIs and API Marketplace within the banking industry.

“We’re proud that Gartner has recognized Apiboost as an API marketplace and API portal solution for the banking sector. The report touched on a number of crucial trends driving the API economy forward, which in turn, is fuelling the need for an impactful API Product Platform,” said Ron Huber, Founder of Apiboost.

Listing Apiboost as a Sample Vendor underscores the value of the Apiboost platform and the impact of Developer portals and API Marketplaces in the banking industry.

VP Analysts at Gartner, Don Free and Mark O'Neill explain that “API marketplaces empower organizations to share APIs.” This leads to several benefits for banks, “as registering APIs in marketplaces can increase developer visibility and consumer mind share.”

However, while visibility is ideal it can sometimes lead to further challenges. In a recent case study, we can see how Apiboost was able to limit the growing pains a FinTech organization experienced while trying to expand their developer portal globally. With the implementation of a multi-tenant solution via Apiboost, their customers can have greater access to content, API’s and products across global regions, enabling the FinTech company to continue innovating and expanding.

“An API marketplace can also facilitate ecosystem creation and is a critical enabler of composable business,” Gartner continued. “Increased use of low-code platforms, iPaaS, RPA and analytics tooling enables more citizen development, using APIs that may be sourced from API marketplaces.”

Gartner, "Hype Cycle for Digital Banking Transformation, 2021," Alistair Newton, July 15, 2021. Gartner subscribers can view the full report here.

Gartner Research Methodology, Gartner Hype Cycle, https://www.gartner.com/en/research/methodologies/gartner-hype-cycle

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About Apiboost

Apiboost is a ready-to-market portal solution supported by a complete set of digital transformation services. It is an easy-to-use, full-featured API portal to deploy APIs for internal and external use. The Apiboost team has worked with many Enterprise companies to realize their goals with a groundbreaking portal and digital solutions. Whether the need is for a simple and fast-to-market solution or a global, Federated divisional/regional approach, Apiboost can help your team find the right program. For more information, visit: https://www.apiboost.com/

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