5 Countries, 14 Cities: WSO2’s IAM Summer Tour

Given the needs for regulatory compliance, the need to offer a customized experience for customers and employees and tightening privacy controls (think Cambridge Analytica), having a solid IAM system solves more than just a simple IT problem of connecting identities.

Certain debates you need to resolve within your team is what kind of technology (we suggest IAM) will help you accelerate your compliance processes especially with having to meet deadlines. Or if adopting an open source IAM solution would offer more value as opposed to a traditional IAM solution and if it offers better capabilities or create additional privacy or security issues. What must you look for when opting for Customer IAM solution and what value do you create by prioritizing these?

WSO2’s Senior Director of Security Architecture, Prabath Siriwardena (fresh out of sabbatical), is going to hit the road starting April 30 and we’re going all out with everything we know on identity and access management and how adopting open source IAM can help you better with your IAM strategy. He’s got a jam packed schedule and given his expertise of over 10 years including extensively speaking at conferences worldwide (he just spoke at RSAC 2018, sold out his books on API security), we think you should be marking your calendars just like you’re waiting for the final GOT season.

Here is a partial list of the topics we will cover:

  • Improving app IAM: About 71% of enterprise security decision makers believe that securing customer facing apps is a critical priority. So here’s what it means. You need to ensure that you have an effective customer IAM solution in place that offers BYOID, progressive profiling, strong SSO and authentication, and self-care portals to secure your customers data and offer them and engaging experience. What should you have in place so your IAM solution can address these?
  • Securing APIs: APIs are everything and most enterprises are increasingly adopting and exposing APIs with more 3rd parties involved. Are your APIs secure enough and what best practices should you adopt?
  • The IAM and Compliance Relationship: In the wake of privacy and regulations like GDPR, what steps are your enterprise taking to be compliant?

Find the answers to these and more! We’re starting with Canada and taking it all the way to WSO2Con USA.

Here’s where we’re going to be:

Canada

USA

Sri Lanka

  • May 30 – Jaffna

Singapore

UAE

  • June 6 and 7 – Dubai

Learn more about our events and how the WSO2 Identity server can help your enterprise.

WSO2’s Growth Story and Why Open Source is the Only Way to Solve Your Integration Challenges

Last week, Ken Oestreich, WSO2’s VP Product Marketing, and I were at the AGC Growth Conference, where we discussed WSO2’s growth story. WSO2 continues to be relatively unknown in business development circles, and this was a wonderful opportunity to report on our traction and understand how the broader ecosystem views integration.

Here is that presentation in full.

WSO2 is the largest open source integration vendor by revenue and customers.

WSO2 is the largest open source integration vendor by revenue and customers. We are EBIT and cash flow positive, with subscription growth approaching 60%.

Integration turns out to be the hottest market even though it’s the uncoolest thing.

Integration is everywhere, and it’s $30 billion annually dominated by three types of integration. All three segments will have billion dollar growth in the next decade. While iPaaS gets significant market attention, it’s not sufficient for most kinds of integration. iPaaS is a metaphor for the line of business, which is departmental-driven, repeatable forms of integration. There are 150 competitors in this space and is prime for a shakeout. iPaaS vendors template-based approaches are not well suited to app integration as they cannot expand to reach the breadth and depth of integrations required—they only work in templated formats where the same integration can be repeatedly done, which is ideal for some types of SaaS to SaaS workflows.

In app integration, old vendors like Tibco, Software AG, and Oracle will suffer as the rotational movement to microservices and open source accelerates. In order to meet significant demand, software vendors are disaggregating their architecture in order to scale. The approaches to integration that service highly disaggregated architectures are shifting, and pure open source vendors have modern architectures to address this.

For the past 5 years, WSO2 has been engineering our approach to integration, with a focus on highly disaggregated architectures due to the rise of APIs and microservices.

WSO2 uniquely offers a suite of technologies because point solutions do not address the full integration problem.

Integration historically is the movement of data between two points, for which we do exceedingly well with our WSO2 Enterprise Integrator solution, but integrations complexity has increased because:

  1. every integration is an API—so WSO2 API Manager required,
  2. every integration must be governed—so federated WSO2 Identity Server required,
  3. data is moving from at rest to real time in-motion—so WSO2 Stream Processor required,
  4. as industries understand the power of becoming a digital native enterprise, vertical API solutions for compliance and regulation appear such as WSO2 for GDPR, WSO2 for Open Banking, and WSO2 for Telco.

If software is eating the world, then you can no longer be a software organization with also being an integration organization.

Our integration opportunity increases as 50 billion integratable endpoints grows to 1 trillion over the next decade. Everything will become an endpoint, and when those endpoints are exposed as APIs they will become programmable. Integration becomes a problem for all software integrations as its the discipline for resiliently communicating between these endpoints.

Integration is the unspoken challenge of the cloud, AI, data, and cyber security future.

If you follow Marc Andreesen’s hypothesis of software is eating the world, then you can no longer be a software organization without also becoming an integration org.

Closed source, open core, and iPaaS vendors do not have the community reach or contributions to address the full scope of integration problems.

The protocols, data formats, and APIs of endpoints change frequently. A centralized approach to integration, such as those offered by proprietary or open core vendors, are limited to the support they can provide by the resources they fund themselves. This is limiting and cannot address the full breadth of differences that must be addressed.

Community, collaboration, and shared experiences, such as what we provide with WSO2 open source, are the only way to integrate every type of endpoint that is coming.

WSO2 is one of the largest open source companies. We have received more than 1 million contributions that have lead to improvements in our open source integration runtimes and into connectors and adapters used to integrate the rest of the community.

WSO2 contributes to more than 100 open source projects, which reciprocate by contributing back, making WSO2 the 69th largest contributor to GitHub.

Integration is still waterfall, so we are investing into Ballerina to make integration agile.

Integration technology forces development teams to follow waterfall lifecycle practices. This doesn’t scale, so we are also investing in Ballerina—a cloud native programming language for integration—to give developers quick, agile development for integration. With Ballerina, every developer can integrate anything, with a learning curve in hours, unlike the months required for Java / Spring or JavaScript / Node.

Ballerina represents a unique, new, and improved approach from typical EI and iPaaS products. Their either agile or integration simple, but never both. A programming language and platform whose syntax is integration simple, but works with a developer’s favorite tool chain in an iterative flow creates true agility. This makes it impossible for developers to integrate at scale to adapt to changing requirements and deal with increasingly disaggregated architectures.

Open source is the best defense for mega-cloud and proprietary vendor lock-in.

Open source is the best defense for addressing lock-in that comes from data lock-in of clouds, API lock-in of mega-clouds, and vendor lock-in from proprietary licenses. Almost 90% of operators are focused on avoiding lock-in. Open source solutions offer a great way to provide try-before-you-buy and substitution options to those that adopt it. WSO2’s solutions also deploy in any environment, and we deliver WSO2 on any public, hybrid, and private cloud infrastructure.

Wherever you may be on your digital native journey, WSO2’s subscriptions include the practices, methodologies, & technologies to transform you from integration waterfall to integration agile.

Companies and governments engage us through our consulting and subscriptions that accelerate the evolution of any digital native initiative.

We have 450 enterprise customers reflecting the world’s best brands that already process more than 5 trillion transactions through us each year.

Open source is more efficient than closed-source—with growth, net retention, and NPS rates equal to MuleSoft, but higher profitability and employee efficiency.

We have a unique open source software business model that has fueled our growth. We release our code with an Apache license. However, we package and ship support patch binaries with a WSO2 license to those who maintain a subscription. This offers a balance between the best freedoms of open source and measurable added value.

And, wonderfully, our internal teams do not compromise productivity by perpetually wrestling with where the “for free/for pay” line must be drawn. It is expensive for an enterprise vendor to determine the best model of where for-fee options reside. Not only does the vendor have to develop a strategy, but they must communicate this to all their employees and then justify it to the open market. These costs are passed along to customers and require significantly higher forms of capital from investors. This line does not stay static, either. The nature of open source is that is erodes and impedes upon the areas where a vendor is selling their proprietary extensions. This means the “for free/for pay” line must be rethought. This is a continual process, and this is time where inefficiencies are introduced.

  1. Many companies take credit for open source, but only a few, like WSO2, have all their published software as open source, which allows any company to consume or use the software without first having a relationship with the vendor.
  2. WSO2’s open source software business model is innovative and unique because of the IP we have built around patch distribution and support engagement. This consequently encourages customers to get and maintain a long term subscription. Customers only maintain a subscription with us through the period where we provide immense value, forcing WSO2 to create business practices that embrace a customer’s needs more wholly.
  3. The proof of this is that WSO2’s net retention rates are identical to MuleSoft’s, which is an open core vendor, effectively only selling proprietary solutions, while having much higher profitability.

We take our offerings to market with a territory and inbound sales model that combines channel partners, resellers, distributors, and our customer success team.

We take our offerings to market with a sales model that combines channel partners, resellers, distributors, and our territory-based customer success teams to engage, win, expand, and satisfy every customer.

  • By swarming the customer throughout their lifecycle, we reduce the chance of churn and help derisk the customer’s initiative. This is why we can maintain a 40 Net Promoter Score (NPS).
  • We now have 550 people in Mountain View, Colombo, Manhattan, Sao Paolo, and London. We are opening offices in Australia, Mexico, and Europe this year.
  • The forces shifting the sector rotation from proprietary software to open source are strongest in emerging economies, which is why we shortly anticipate opening offices throughout eastern Europe, the middle east, Africa, LATAM, and APAC.

This is an impressive set of financials…

The market has rewarded us with 52% subscription growth, which has been accelerating, and also a dollar-based customer retention rate which is equal to MuleSoft’s, but with a community and business operating model that is more efficient letting us have EBITDA profitability and positive cash flow. If you are an investor, we will be a 58 this year on the rule of 40.

Our success has largely been organic, with a minimum of outbound marketing and a small sales channel. This is going to change as we step on the accelerator in the coming years.

Our growth story is not ours alone, we can work together with you to growth faster, together.

We communicate our growth story to our customers, employees, investors, partners and ecosystem to help us discover ways to have a bigger impact, and potentially grow faster. Our growth story is not ours alone to be had. We can work together with you to grow faster, together.

We are building relationships that more aggressively expand our territory and technology partnerships, while also building upon our strategic initiatives with Ballerina and connectors.

If you are interested in learning more about WSO2 or to potentially become a partner, you can reach me at tyler@wso2.com.

Ask an Expert: Catching up with Seshika Fernando

Women in engineering are unicorns (almost) and that’s probably why #Ilooklikeanengineer became a thing. But WSO2, with a 30% female representation, tells you a different story. Plus, we consider everyone at WSO2 a handpicked lot. So is Seshika Fernando. She’s a Chevening scholar, a speaker at conferences around the world, backed by both finance (London School of Economics) and computer science. Outside her workspace she’d be playing basketball as if it were rugby or making sure her son Ezra is getting enough sleep.

We caught up with Seshika recently to speak to her about her transition from the WSO2 analytics team to financial solutions, why open banking is taking over the world, and why she encourages more girls to join the IT industry.

1. How have your experiences at WSO2 been so far?

It’s been great! I was originally involved in data analytics while in the Research team. Now I manage the financial solutions initiative at WSO2 where I am able to capitalize on my background in Finance and create specialized solutions on top of WSO2 products, catered towards the specific business requirements of the financial industry.

I’ve had great experiences at WSO2. From being able to speak at atleast half a dozen international conferences a year, to interacting with some of the largest brands in the world, to playing basketball. WSO2 has been a great place to work irrespective of the team I belonged to.

2. How did the idea for building an open banking solution come about?

Open banking is taking over the banking world – not only in Europe but globally. And our open banking solution, built on top of the battle hardened WSO2 products, is proving to be very useful in all these markets.”

WSO2 gave me a challenge – “create solutions for the Financial Services industry using WSO2 products.” With a background in Computer Science as well as Finance, I took this up with open arms. At the time we started this initiative, PSD2 was taking over every conversation in the European banking sector.

With many of our existing customers coming to us with the PSD2 requirement, we forged ahead and created WSO2 Open Banking. Now in retrospect, this was the best decision we made. Open banking is taking over the banking world – not only in Europe but globally. And our open banking solution, built on top of the battle hardened WSO2 products, is proving to be very useful in all these markets.

3. This leads us to believe that the market for PSD2 solutions is open to many forms of competition. How did you formulate a technical and sales and marketing strategy to ensure WSO2 stands out?

Yes, there was stiff competition when we started. However, thanks to the vast capabilities of WSO2 products, surviving and thriving within this landscape have been easy.

There was stiff competition when we started. However, thanks to the vast capabilities of WSO2 products, surviving and thriving within this landscape have been easy.”

First of all, even though we entered the race late, we realized that most of the requirements of the PSD2 regulation can be serviced through the existing WSO2 products. Technically, all we had to do was wire everything together, add any missing features, and package an end to end solution which enabled banks to achieve full compliance very quickly.

We had to go for a very aggressive sales and marketing strategy in order to gain traction in a market that was full of different types of competition (not just our usual middleware competition). So we planned different types of campaigns to first create awareness and then engage with banks that were outside our usual customer base. Once we did the first few implementations, word got around and we were getting a large number of requests from both European and non-European banks.

4. Can you tell us about your experiences with customers who are trying to become PSD2 compliant? What are the key challenges they face?

Security is the utmost concern for all banks. Since it is sensitive customer data that is being exposed, banks that engage with us emphasize the importance of the ability to secure data and its access, above all other requirements. The WSO2 Open Banking solution overcomes all security challenges, since it incorporates WSO2’s very strong and proven IAM offering.

Most of our customers are also looking for ways to make their regulatory investment worthwhile, by being able to earn some revenues from their implementation of PSD2. With a digital transformation focused open banking implementation, our open banking customers are easily able to achieve this.

5. It seems obvious that banks will need to think beyond API when planning a technology strategy for compliance. How difficult/easy is to convince them to do so?

When we look beyond the regulation and discuss implementation details with each bank, the need to integrate with existing internal systems, the requirement for comprehensive Identity and Access management, the capability to onboard third party providers, and the necessity to have a strong analytics component to achieve regulatory reporting requirements comes to light. These requirements are usually enough for customers to understand the necessity for an overall technology strategy rather than just an API strategy.

However, we don’t just stop there. We understand that each customer (big or small) is making an investment to extend their technology platforms in order to satisfy these requirements. We help the customer identify ways that they can reuse the technology they are investing in, to further digitize and optimize their existing processes in a way that promotes market expansion and create new revenue streams.

6. What are your thoughts on how open banking will be adopted globally?

It’s only a matter of time before open banking becomes a must have for all banks globally.”

Well, all regions are moving towards open banking albeit at different paces. Australia is next in line to implement open banking through regulation and there are many other regions such as New Zealand, Hong Kong, Japan, etc., that have stated their intentions to mandate open banking through regulation.

In the meantime in all other parts of the world, even without regulatory pressure, individual banks are adopting open banking due to the many benefits they can achieve especially in an environment where they could be the first movers to a new ecosystem. Therefore, it is only a matter of time before open banking becomes a must have for all banks globally. WSO2 is excited and ready to work with each region on their specific open banking journeys.

7. Finally, as a woman playing a leadership role in a technology company, what is your advice to other women in the field on how they can reach the highest pillars of success?

I’d encourage more and more girls to join the IT industry, and contribute towards development of great products that are created by a diversified workforce for a diversified consumer base.”

I believe that being female does not have any disadvantages for a career in IT. Since women are the minority in this industry, it provides women a superb opportunity to easily standout within a male dominated workforce. Furthermore, the IT industry’s flexible working arrangements really enable us to balance work life and family life.

I would encourage more and more girls to join the IT industry not just to profit from its various benefits but also to reverse the gender imbalance and contribute towards development of great products that are created by a diversified workforce for a diversified consumer base. In fact, I’ve even written a blog post on the subject for the World Bank.

Seshika, 2nd from the right, Winner of the Young Engineer of the Year award for 2017 by IET Young Professionals-Sri Lanka

Three Months in to PSD2 – Confessions of the WSO2 Open Banking Team

It’s been 3 months since the PSD2 compliance deadline and the dust is settling in. Or is it really? Just like when it started, the post PSD2 landscape is viewed from different angles. It has been called everything from a ticking time bomb to a slow burn to a never ending honeymoon period. We think the biggest surprise was that everyone thought that January 13 was the end. It wasn’t, it was the beginning.

When we created WSO2 Open Banking, we knew customer needs would be diverse and every technology experience we deliver would be unique. Turns out we were right. Our journey with WSO2 Open Banking has unraveled some interesting experiences while working with different stakeholders in this compliance ecosystem. Here’s what we learned.

Confession #1: (Almost) Everyone was late to the party

Everyone (including us) started counting down to PSD2 from 6 months to 3 months to 1 month. But the reality was, January 13 was just the date when PSD2 was implemented by the EU parliament as a European-wide regulation.

Several regions across Europe chose to deal with imposing PSD2 in their own way. We’ve been tracking the country-specific deadlines quite closely and about 46% are yet to set an official deadline for compliance. We believe that the final date for compliance will be when the Regulatory Technical Standards (RTS) come into effect in September 2019. That’s good news for us because there’s still a large viable market for compliance technology! ;)

Confession #2: Compliance confusion did not discriminate

Over the past several months, we’ve worked with many banks of different sizes across Europe and they all had similar questions:

This led us to believe that banks, regardless of size, require a lot of guidance in the compliance process. It’s a good thing we have a team of experts to do just that!

Confession #3: They came, they saw, they vanished

When PSD2 first started gaining traction in 2016, the knee-jerk reaction of every API management and integration vendor was “this is a goldmine of opportunity we cannot miss”. So they went head on into the market with an existing product. Come 2018 when the need for compliance technology has evolved, these “first mover” technology vendors have gone quiet.

It remains uncertain whether it was the lack of a well thought out strategy to keep consistent market demand, fintech domination, or not giving the compliance market the attention it deserved. One thing is for sure, this is a highly competitive market for technology vendors like us. But no complaints, we love a challenge and are pretty good at winning them!

Confession #4: API standards (and the organizations writing them) are a solution providers BEST friends

A lot of shade gets thrown at not having a common API standard across Europe (version 1.1 of the Berlin Group API specification is yet to come, we’ve got our eyes peeled for that). However, Open Banking UK has got this in the bag by having a comprehensive API specification that WSO2 Open Banking supports.

When we first started out, these standards really helped set the base for building our solution. Our development team continues to spend a good couple of hours every week identifying latest improvements in the specifications and contributing to their development by participating in working groups.

Confession #5: Compliance is not a back breaker…it just needs a well thought out strategy

A lot of banks think of compliance as a major headache and seek a “quick fix” to compliance just so they can tick off the checkbox. The reality is, quick fixes can do more damage than good. PSD2 compliance is a big deal and if you go into it without a strategy, that’s cause for alarm. Even if you don’t have a dedicated open banking or compliance team you can still get the job done.

You just need to rally the right members, set your goals for compliance and figure out what you need from a technology vendor. Then you need to pick the technology that gives you value for money and won’t take eons to work with your systems and deliver compliance. It’s a matter of working closely with a solution provider towards a common goal.

Confession #6: Do your research or go home – The learning never stops

There is a minimum of 3 articles written a week on open banking. Everything from thought leadership material, opinion pieces (like this one), and publications from standards continue to explore and discuss this ecosystem. And what we learn from our conversation with customers is an invaluable source of research to keep abreast of where the market is heading. We treat each of these as a unique source of intelligence and they continue to nurture our product management, sales, and marketing strategies. It’s the only way to survive in an ecosystem as dynamic as this one.

It’s been a great ride so far and we can’t wait to see what comes up next! No doubt there will be plenty more surprises and exciting developments to look forward to!

The WSO2 Open Banking Team

Helping You Say GDPRghh Less – Meet Us at the GDPR Summit London!

The process of becoming compliant with the General Data Protection Regulation (GDPR) isn’t simple. Anyone who says otherwise isn’t telling you the truth. However, you can make the process tolerable by using the right technology.

The prime focus of our spring release was to ensure that the entire WSO2 platform is compliant and for our products to be able to provide rapid growth by leveraging the regulation. For instance, WSO2 Identity Server is now able to provide end-to-end consent management as well as the ability to anonymize user data which adheres the ‘right to be forgotten’ rule.

To further help you accelerate compliance, Sagara Gunathunga, a director at WSO2 and a key member of the WSO2 IAM team, will be speaking on “Best Practices: How to Optimize Your GDPR Strategy” at the GDPR Summit held on April 23 at 155, Bishop Gate, London. During his session, he will explore

  • The main factors for optimizing your strategy
  • The role played by IAM
  • How technology helps organizations leverage GDPR to drive growth
  • How to stay up-to-date with other privacy regulations

The event usually witnesses at least 500 attendees and aims to provide an actionable and practical roadmap for organizations to become GDPR compliant. Described as high impact, content-rich and jargon-free, over 40 expert speakers are scheduled to speak at this one-day conference.

Come say hi to our team and attend Sagara’s talk at the GDPR roadmap theatre. Click here to find out more!

Won’t be able to attend? Sign up for our ongoing webinar series to learn about all things GDPR!

Announcing Our 2018 Spring Release Which Brings Platform-Wide Support for Fast-Tracking GDPR Compliance

The clock is ticking toward the May 2018 deadline to comply with the General Data Protection Regulation (GDPR), which harmonizes data privacy laws across Europe to protect all data belonging to EU citizens and residents. The regulation applies to organizations that operate within the EU as well as those that sell or market to the EU—essentially the rest of the world.

Some enterprises may only see the immediate burden of meeting GDPR’s requirements. However, savvy organizations understand that the technology platform they implement to comply with the regulation can set the stage for new digital business models that drive revenue and growth. To help these enterprises accelerate these efforts, WSO2 today debuted its Spring 2018 Release, featuring product developments designed to offer platform-wide support for GDPR.

The Spring 2018 Release is the first set of synchronized product updates being rolled out as part of WSO2’s new quarterly release of new and enhanced capabilities across the platform aimed at addressing the real-world business and technology demands enterprises face today.

Let’s take a closer look at the challenges and opportunities that GDPR brings, as well how WSO2’s product features and services empower organizations to fast-track their GDPR compliance and enable agile digital transformation initiatives.

The Immediate GDPR Challenge

GDPR requires that organizations conducting business in the EU adopt internal policies and implement measures that meet, in particular, the principles of data protection by design and data protection by default. What this essentially means is that enterprises need to ensure all personal data collection, processing, storage and destruction measures are designed to secure privacy. It doesn’t just end there. Organizations must also be able to demonstrate proof of consent and allow individuals to review the status of their consent and opt out if they choose to do so.

The immediate challenge for enterprises is finding a solution to help tune their identity and access management (IAM) and ensure secure API management quickly so that they can address the new requirements of GDPR. These include customer data privacy, a self-care portal to enable customer rights defined by GDPR, and full-scale consent lifecycle management. The solution also must support secure identity provisioning across systems in a GDPR-compliant manner.

The Long-Term Benefit

While meeting their near-term GDPR requirements, organizations have the potential to look beyond compliance and leverage the strong data protection fostered by GDPR to support their digital transformation efforts aimed innovating new services and building brand loyalty with customers. To make this move, organizations need a cohesive platform that has the capabilities to make businesses programmable through APIs, program the business using integration systems, maintain solid identity and security practices, and increase agility through the adoption of open source and cloud systems.

The WSO2 Advantage for Capitalizing on GDPR

WSO2 has the expertise to be your trusted technology partner, not just to make sure you clear the GDPR hurdle, but also to ensure your organization has the ability to leverage the wider benefits brought by this regulation. With the Spring 2018 Release of the WSO2 platform, you have a digital transformation solution that capitalizes on the data protection measures of GDPR to accelerate your business growth via a digital innovation platform.

Using the WSO2 platform, you can capitalize on the technology trusted by globally recognized brands across a range of industries—including eBay, Experian, Verifone, BNY Mellon, West Interactive, Motorola, Transport for London, and StubHub—to:

  • Comply with the GDPR regulations quickly via platform-wide support that helps you to ensure all personal data collection, processing, storage, and destruction messages are designed to secure privacy.
  • Look beyond compliance and enhance digital transformation with a cloud-native, open source platform composed of the key technology enablers required for the agility and innovation you need to maximize your competitiveness.

Technology Enablers for GDPR and Digital Transformation

Within the WSO2 platform, key technology enablers for meeting GDPR regulatory requirements and setting the stage for digital transformation include:

  • Identity and access management in the Spring 2018 Release is delivered via a solution that supports secure identity provisioning across systems in a GDPR-compliant manner. Consent management and privacy toolkit in WSO2 Identity Server enable enterprise data controllers to accelerate their organization’s GDPR compliance. It also introduces personal information export capabilities and support for encrypting OpenID Connect identity tokens. Together, these new features address the different aspects of individual rights defined in GDPR, such as the “right to be forgotten” and the “right to personal data portability” among others, in order to ensure the protection of personal information.
  • Secure API management in the Spring 2018 Release addresses the new requirements of GDPR, such as customer data privacy, a self-care portal to enable the customer rights defined by GDPR, and full-scale consent lifecycle management. These capabilities can now be deployed via a hybrid cloud solution that provides organizations a local gateway rather than a cloud API gateway. This enables users to have the best of both worlds and ensures all API calls happen locally, thus increasing security and minimizing latency. Moreover, it’s easy to maintain as users; just supply their cloud credentials, and it pulls configuration and changes from the cloud.
  • Integration capabilities in the Spring 2018 Release provide the ability to seamlessly connect and manage multiple identities across legacy systems, SaaS applications, services, and APIs. This enables organizations to support even the most demanding integration requirements across services. Key capabilities include the required tools to connect to a wide variety of protocols and security mechanisms as well as streamline integration APIs in a secure manner.
  • Streaming analytics capabilities empower organizations to derive meaningful insights with available data. The Spring 2018 version of the product includes functionality to support GDPR compliance, such as the ability to anonymize both login user information and any data stored in databases.
  • A customized open banking solution, first launched for the financial industry in August 2017, provides the functionality to comply with both GDPR and the European Union’s second Payment Services Directive (PSD2). It also empowers companies to go beyond traditional banking by offering third-party services and innovating new digital offerings.

In addition to the enabling technologies delivered through the WSO2 platform, WSO2 is offering a series of seven webinars to help organizations accelerate their GDPR compliance.

Now is the time to start complying with GDPR—and lay the groundwork for the new digital business models it will enable. WSO2 brings you the technology, expertise and services to get up and running quickly and cost-effectively, along with the agility to capitalize on digital transformation opportunities as they emerge.

Agile Digital Transformation Strategies and Success Stories at WSO2 Summit

A packed audience of CXOs and solutions architects greeted us at our first WSO2 Summit for the year in London recently! Held in several locations around the world, WSO2 Summit offers C-level executives and architects a valuable opportunity to speak to our leadership, and discuss how WSO2 technology can help organizations create successful digital transformation strategies.

This year’s Summits are held on the theme of enabling organizations to create their digital transformation strategies and put them into practice. Our CEO Tyler Jewell started the event in London with an introduction to the many reasons as to why enterprises can choose the open source WSO2 platform for digital agility. He also gave a brief recap of our performance last year, including the growth of our global customer base and the other exciting initiatives we have planned for this year.

Continuing on the topic of digital agility, our CTO and Co-Founder Paul Fremantle elaborated on why the only competitive organizations in the future will be those that create adaptive digital experiences for their customers. Paul discussed in detail about what he means by an adaptive enterprise, how enterprises can become more adaptive, and the needs of such enterprises i.e. both centralized and decentralized integration, and architectural units of composition. His talk concluded on the point that open source (and open cross cloud) is of immense value in the business architecture of an adaptive enterprise.

Business architecture and the importance of adapting to change also formed the basis of Asanka Abeysinghe’s discussion. Asanka, who’s the VP of architecture at the CTO office, shared the essential guidelines for building a business architecture – understand consumer behavior, seek to create new consumer experiences, select the right channel to engage with them, and take advantage of data to improve these experiences. He then explained how the different WSO2 product capabilities (API management, integration, identity and access management, and analytics) can be used to connect, create, secure, and govern digital enterprises.

WSO2 Summits also feature success stories of enterprises that have used our technology to create digital transformation strategies and innovative experiences for their customers/users. The first of these stories was presented by the Malta Information Technology Agency (MITA), on how they used WSO2’s API management and integration capabilities to create myHealth NG application, enabling better interactions between patients and doctors, and thereby facilitating better primary healthcare services for individuals. Brian Muscat, a solutions architect from MITA who delivered this story, recounted the challenges which MITA had to overcome (such creating a secure and scalable application, creating an architecture resilient to change), in order for this project to become successful.

The other success story was presented by Wheeve (a WSO2 Partner), on how they used WSO2 technology to deliver business value for one of their customers in the engineering industry. Jack Hanison, CTO and Co-Founder of Wheeve, described how their customer faced certain data matching issues in several operational areas, which eventually had an impact on their financial reporting, revenue recognition, and overall customer perceptions of the organization. A cloud hosted WSO2 platform was used to overcome these challenges and improve business operations – resulting in cost savings for the organization.

A huge thank you to both Wheeve and Chakray who supported the WSO2 Summit in London as Partner Sponsors!

The Summit may have concluded in London, but we’re heading to Chicago and New York in June, and Sydney and Sao Paulo in October! If you’re in any one of these locations, do drop by to meet Tyler, Paul, and Asanka and discover what WSO2 technology can do for your enterprise.