AFTAs 2021: Best data management initiative—Northern Trust

OVERVIEW

Northern Trust’s clients need access to and management of their data due to the rise of big data, in-house data analytics tools, and client reporting applications.

The path to API connectivity includes manual provisioning with custom setup and testing, leading clients to wait for implementations requiring numerous resources and forcing them to work within providers’ schedules.

Access, process, and content all needed to be standardized in a secure client-facing presentation layer that can give clients self-service access to data.

THE SOLUTION

The API Store is a secure environment that allows client developers to choose what data they need, test applications, and move into production without the need for a large team and without adhering to a directed implementation schedule.

Once the client is ready to migrate to production, Northern Trust provides them the production URL, API Key, and Client Secret to verify their application.

WHAT’S TO COME

Northern Trust plans to continually enhance its library with further APIs, as well as the additions of client case studies to illustrate beneficial use cases and up-to-date news and media coverage of the burgeoning API tech field.

The API Store will be updated with personalized user metrics for enhanced monitoring and a developer-to-developer environment for collaborating on implementations.

WHY THEY WON

The self-service solution makes it much easier and faster to establish API connectivity. It was imagined and designed with guiding principles in mind for both business and technology as top principles, including strong governance, a consistent security model, and inclusivity of tools such as SwaggerHub, Alteryx and Layer 7 technologies.