There are different types of ecosystems: Imagine a tropical rainforest on one side of the spectrum and a structured English garden on the other. In one, you design and enforce rules — resulting in a predictable but also more constrained system. In the other, you let things emerge organically, resulting in a more prolific, but also more intricate and even chaotic system. When it comes to finances, people tend to prefer the English garden with its predictability and are willing to accept some rules and constraints.
Open Insurance has the advantage of having an older brother, Open Banking, which has ventured out before with similar aspirations and goals. There is a rich set of experiences from various Open Banking initiatives and especially from implementing banks around the world. So what can Open Insurance learn from Open Banking and more concretely: what best practices from Open Banking should insurance companies adopt to have the best possible chances of success in Open Insurance?
OAuth 2.0 has emerged as the de facto standard protocol for securely protecting APIs. It provides applications the ability for secure access while keeping your passwords safe using authorization tokens.
In our increasingly connected world, knowledge on this authorization protocol becomes crucial for developers in order to understand how programs, applications, and websites give access to users.
In this episode, we talk to Matthias Biehl, an expert advisor at API University about OAuth, discuss his book, “OAuth 2.0: Getting Started in Web-API Security”, the different “flows” on how an access token is obtained, how OAuth is utilized for microservices, and the future of the protocol.