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The concert, held on Feb. 17, featured Sri Lankan and Indonesian artists performing live in front of a virtual audience. The Axonect Enterprise Enabler acted as the gateway for the concert, orchestrating Open Gateway APIs and TM Forum APIs, enabling users from both countries to experience a customized concert.
According to the European Payment Service Directive (PSD2), all banks operating in member states need to have an API that allows fintechs immediate access to data. But this initiative is often criticized for the limited approach toward the amount of data made available by the banks, which includes only the most basic transaction information.
Poorly designed APIs can lead to awkward, unnatural, or inefficient workflows within a user’s experience, while a well-designed API can mitigate these issues or at least make it clear to consumers what all is technically possible.