More than ever, companies are competing based on their ability to deliver exceptional user experiences. It can take less than 60 seconds for a busy consumer to try one company’s website, get frustrated, and jump to the site of a competitor. And customers may stop using a business altogether if they discover that it has given their personal data to some third party without permission. Such flawed digital experiences can quickly compromise brand loyalty and cut revenues in the process.
APIs have revolutionized every industry. They fuel digital transformation and power the web, making up more than 83% of global internet traffic. And API adoption will only grow, with AI, Web3, and decentralization only further driving API usage and integration. But these sometimes-overlooked enablers of connectivity and communication present a serious security challenge: APIs are increasingly in the crosshairs of cyber-attackers.
In today’s rapidly evolving technological landscape, generative artificial intelligence (AI) has emerged as a powerful tool for various industries, and it seems like enterprises are fast to adopt it. Generative AI refers to the use of machine learning algorithms to generate original and creative content such as images, text, or music.
A recent decision by the European Commission should make data transit from the EU to the US simpler.
In a recent interview, David deBoisblanc, managing partner at Duczer East and a valued partner of WSO2, interviewed Geethika Cooray, vice president and general manager of IAM at WSO2, to gain insights into the importance of CIAM for the C-suite and its impact on customer retention. The following excerpts from their conversation look at valuable insights on CIAM, its significance for the C-suite, and the emerging trends in the industry. Here's what Geethika said.
Greg Peranich and Tryn Brown contributed to this post. The world of financial services is driven by digital experiences. Over the last 20 years, virtually all banking activities have been taken online (an unfortunate change only for fans of pneumatic tubes and pens on beaded chains). Like other industries that have undergone digital transformation, financial institutions are leveraging APIs to give users a more seamless experience when managing their money.
The recent failures of regional banks in the US, such as Silicon Valley Bank (SVB), Silvergate, Signature, and First Republic, were caused by multiple factors. To ensure the stability of the US financial system, the implementation of advanced liquidity risk models and stress testing using (MI/AI) could potentially serve as a protective measure.
