Anthropic Claude Connects to APIs, Crezco $12M Series A, API Keys Risks
Anthropic Claude Connects to APIs, Crezco $12M Series A, API Keys Risks
The API Changelog issue 2023.48
This is issue 2023.48 of the API Changelog, a weekly mix of API news, commentary, and opinion. In this issue, you'll get to know the most relevant API-related information from the week of November 20, 2023. Subscribe now, so you never miss an issue of the API Changelog.
This issue of the API Changelog was crafted with the help of Zuplo. Make your business API-first with the first-ever edge API Gateway that's multi-cloud ready.
Zuplo is the only API Gateway that runs your OpenAPI definition directly. If you care about high-quality developer documentation, API analytics, and zero configuration deployments, give Zuplo a try today.
Announcements
Radar has launched its Maps Platform with vector maps and APIs for geocoding, search, and routing, aiming to offer cost-effective, full-stack geofencing and mapping solutions. This platform challenges costly incumbents with features like customizable themes, a 99.99% uptime, and a new developer dashboard, with API pricing starting at $0.50 per 1,000 calls. See additional coverage on FastCasual.com.
Atturra facilitated Chartered Accountants Australia and New Zealand's integration of 15 critical systems into a new Boomi platform, harnessing Boomi's APIs to enhance member services. Boomi's API architecture enabled CA ANZ to offer personalized experiences and streamline processes, aiming to enrich member engagement and accelerate development.
ThreatX has been acknowledged as a Representative Vendor in Gartner's Market Guide for Cloud Web Application and API Protection, underscoring their role in defending APIs against sophisticated threats. Their API and application protection platform uniquely combines real-time, risk-based blocking with Runtime API and Application Protection (RAAP) for thorough security coverage.
DTCC has introduced a new suite of APIs for real-time access to the ALERT global database of standing settlement instructions (SSIs), marking a milestone with over 15 million SSIs in its system. Nasdaq has migrated its GEMX options exchange to AWS using Outposts for enhanced performance and scalability, aiming for a 10 percent latency improvement, while SIX collaborates with the Swiss National Bank on a CBDC pilot using DLT.
Trimble's new Ag Software–Data license enhances farm management by enabling web and mobile connectivity for data handling, supported by an API for integration with other applications. The API connects Trimble's ecosystem with third-party tools, streamlining agricultural operations by facilitating data sharing and analysis in the cloud.
Pluralytics, an AI-powered language science company, has introduced a new set of APIs designed to enhance customer engagement by analyzing and optimizing language based on behavioral science. These APIs allow for tailored communication across various digital platforms, ensuring consistency and increased effectiveness in audience connection. See additional coverage on Digital Journal.
Snap has enhanced its Creator Collab Studio with features like the Creator Discovery API, enabling third-party partners to access detailed creator information to foster brand-influencer collaborations. Additionally, partnerships with notable API partners and new ad products are designed to streamline branded content integration and analytics for Snap's extensive daily active user base.
Verizon collaborates with Open Sesame Media and AWS to showcase real-time music collaboration between Los Angeles and Las Vegas using 5G, AWS Wavelength, and a Quality of Service (QoS) API during the AWS re:Invent 2023 event in Las Vegas. The demonstration leverages Open Sesame's SyncStage platform for low-latency audio, enabling remote music creation in a live setting to enhance productivity and reduce industry costs.
The TCCA's new white paper examines the implementation of APIs in the shift towards broadband networks for critical communications, detailing the necessary considerations for device integration to maintain functionality and cost-efficiency. It emphasizes the role of APIs in achieving cross-device compatibility and market expansion for mission-critical applications, aiding stakeholders in transitioning to consumer OS-based products.
Funding
WealthOS, an API-driven WealthTech firm, successfully raised £2m in a Barclays-led seed funding round, with expectations of an additional £2m in a forthcoming second closing. Emphasizing cloud-native and API technology, WealthOS aims to enhance wealth management functions and has launched the UK's first API-driven SIPP drawdown technology. See additional coverage on Finextra.
CoinGecko has acquired Zash to enhance its API with advanced NFT data features including wash trading detection, aiming to deploy this by Q2 2024. Offering data from 87 marketplaces across blockchains, Zash will help CoinGecko provide enterprise-grade NFT indexing and analytics through their expanded API services. See additional coverage on CryptoPotato, Fintechnews, The Coin Republic, CoinTelegraph, and GWW.
Crezco, a UK-based fintech firm, has integrated its account-to-account payments API into Xero's platform, securing a $12m Series A investment to expand its open banking B2B payment services. This collaboration enhances the financial management of UK small businesses, enabling seamless bill payments directly through Xero's accounting software. See additional coverage on IBS intelligence and TechCrunch.
AI
OpenAI and Amazon Web Services have released no-code tools allowing merchants to create custom AI bots with APIs for e-commerce automation, with OpenAI's offering enabling semi-custom GPT creation via an accessible chat-based tool. While OpenAI is set to open a GPT store for developers to publish task-specific models, AWS's PartyRock allows for the integration of custom GPTs with external data sources and APIs in a low-code environment.
Discover in this Geegy Gadgets article how using the Assistants API, GPT-4 Turbo's integration with Google's web browsing capabilities revolutionizes information search, offering personalized and context-aware results. APIs like Google Search API enable AI to process queries and present up-to-date, relevant data in user-friendly formats, enhancing business and SaaS applications.
Anthropic's Claude 2.1, an AI model with a 200k token context window, promises enhanced accuracy and tool use for enterprise integrations, accessible via API. The update significantly reduces 'hallucinations' and introduces capabilities for AI to interact with APIs and operational processes. See additional coverage on DigiDay, Win Buzzer, The Verge, ResellerNews, and SearchEngine Journal.
Fintech
Cashfree Payments, a prominent API banking firm in India, introduced KYC Link, the country's first no-code digital identity verification API that streamlines the KYC process for businesses and enhances customer onboarding efficiency. With this user-friendly API, Indian businesses can now initiate KYC verifications through various communication channels and integrate personalized branding, facilitating a near 99% success rate in customer identity validation.
Findity launched its innovative Expense API, a solution enabling the seamless integration of comprehensive expense management features into existing software ecosystems. Beyond simple data transfer, the API provides partners with advanced, customizable functionality, including receipt scanning and tax compliance, enhancing user experience with minimal development effort.
Security
In 2024, Forrester forecasts at least three data breaches attributed to AI-generated code, where complacency in scrutinizing TuringBots' output and API misuse will be contributing factors. Additionally, an app utilizing ChatGPT's API may face fines due to mishandling personal identifiable information (PII), highlighting the imperative for improved third-party risk management amidst regulatory scrutiny.
Open AI's newly demonstrated Audio API is capable of generating human-like speech, hinting at future risks of deepfake voice creations, according to cybersecurity experts. Users can select from various voice options to reproduce text, signaling a leap in voice generation technology that could simplify creating high-quality voice deepfakes.
API keys offer limited security and are vulnerable to attacks, leading the industry to prefer tokens for their ability to authenticate identity and grant appropriate access levels. Curity exemplifies this shift, providing a secure token service that simplifies API security management for developers and organizations, promoting a balance between accessibility and robust protection.