OpenAI Improved Assistants API, Bridge $58M, Traceable on AWS
The API Changelog issue 2024.36
This is issue 2024.36 of the API Changelog, a 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 August 26, 2024. Subscribe now, so you never miss an issue of the API Changelog.
News highlight
SK Telecom, KT, and LG U+ have agreed on a 'Network Open API' standard to advance digital transformation. This unified approach aims to simplify development, enhance global interoperability, and foster innovation across industries.
These companies want to establish and commercialize common open APIs in South Korea to lower entry barriers and app development time. Inspired by the GSMA Open Gateway initiative and Linux Foundation's Camara Project, the operators aim to standardize the domestic mobile telecoms ecosystem around global specifications. They plan to create unified standards under the Network Open API banner for developers and corporate customers.
See additional coverage on Fierce Network, Voip, Telecom TV, and RCR Wireless News.
This issue of the API Changelog was crafted with the help of SmartBear.
SwaggerHub’s new Form Editor empowers teams to design APIs visually. Its intuitive, code-free interface makes API design accessible for everyone—from developers to product managers—allowing for seamless collaboration. With features like real-time syncing, built-in governance, and easy schema editing, you can create, manage, and standardize APIs faster and more effectively.
Announcements
BAEx, launched by Bridge Alliance, offers enterprise customers simplified access to multi-market GSMA Open Gateway APIs through a centralized interface. Enterprises like V-Key and Unmanned Life have adopted BAEx's innovative solutions, enhancing digital security and autonomous robotics operations across Asia. See additional coverage on Telecom TV and asiaone.
PDFRest, a document technology innovator, introduced its new self-hosted PDF Toolkit Container API for comprehensive on-premises PDF management. The API integrates with Docker and Kubernetes, ensuring data security and compliance for sensitive industries. See additional coverage on Einpresswire.
Planet DDS, a dental practice management solution provider, is enhancing its RCM workflow with DentalXChange's XConnect APIs. The integration aims to streamline insurance transactions and boost efficiency for DSOs and group practices. See additional coverage on Orthodontic Products.
The Smart IP Manager software now supports the new 3440A Smart IP PoE subwoofer, along with interface enhancements and bug fixes. It allows flexible subwoofer settings and seamless integration with third-party systems, urging users to update for optimal performance.
Meta has announced that Threads will now display fediverse replies on all posts and syndicate API-generated content. Increasing Threads' integration with the fediverse has sparked concerns about Meta's influence on the decentralized network.
The DGFT updated the eBRC system with Bulk Upload for multiple entries & API for system integration, simplifying export payment reconciliations. These enhancements aim for automation, reducing the manual process and improving efficiency in verifying export transactions.
HomeStack partners with API Nation to enhance real estate app functionality and automation. The partnership promises easier data synchronization and customizable features for better client engagement and agent productivity.
eWeLink integrates with Google Home APIs, enabling easier setup and sharing of Matter smart home devices for Android and Nest users. This partnership simplifies device management, boosting the interoperability within eWeLink and Google smart home ecosystems.
Funding
Tilt, a leave management platform, finalized a $15 million Series B funding led by Bramalea Partners. They're enhancing their ecosystem through partnerships and API integrations with platforms like Rippling and Workday.
Stablecoin startup Bridge secured $58M for its APIs focused on stablecoin issuance and global B2B payments. It already serves clients like SpaceX and aids cross-border transactions including FX conversions between stablecoins.
Skyfire Systems has launched the first autonomous transaction network for AI, securing $8.5 million from multiple investors. The platform enhances AI commerce, providing wallet access, Agent identity, and an open payment protocol for immediate transactions. Co-founders Amit Sarhangi and Craig DeWitt, former Ripple executives, aim for Skyfire to drive revenue through Agent-to-Agent transactions, predicting a $46 billion market growth in three years. DeWitt emphasizes the transformative potential of Skyfire's platform, which grants transactional autonomy to AI Agents through a simple integration.
AI
Elastic announces the integration of Anthropic's Claude models into its Elasticsearch Open Inference API, streamlining developer access. The partnership enhances real-time data analysis and intelligent application development leveraging Claude's advanced AI capabilities. See additional coverage on businesswire, StreetInsider, ITBrief, and Bakersfield.
Zattoo and Media Distillery partnership introduces AI-enriched tools to enhance the stream API for B2B operators. The solutions will allow seamless viewing experiences, with accurate EPG data and ad break detection for improved replay services.
Cerebras Systems is set to disrupt AI with affordable, energy-efficient inference using its expansive chip, outperforming Microsoft's Azure. This advancement promises AI developments previously hindered by hardware limits, potentially reshaping customer service and healthcare through enhanced real-time data analysis. See additional coverage on businesswire.
OpenAI refined Assistants API controls for developer-friendly file search, improving AI agents' decision-making for responses. The API, which debuted in November 2023, facilitates building more autonomous AI applications with OpenAI's models and ecosystem tools.
Copymatic.ai has released an API offering seamless AI-driven content creation integration for paid members. The tool automates content generation, tailors user experiences, and integrates with analytics, enhancing SEO and team productivity. See additional coverage on StreetInsider.
NLPearl.ai has launched a new API for integrating AI-powered phone agents into existing systems, providing tools for developers to build custom applications. The API features include automated call management, personalized customer interactions, seamless system integration, and actionable insights. See additional coverage on SiouxLand Proud.
OpenAI reported that 92% of Fortune 500 companies utilize its offerings and the usage of its API doubled post ChatGPT-4o mini's July launch. See additional coverage on Techopidia, iblnews.org, Silicon Republic, and Business Standard.
Fintech and Crypto
Sensedia launched the Fintech API Accelerator Platform, helping fintechs integrate AI and open banking with rapid scaling capabilities. The platform provides a robust, compliant solution with expert services, overcoming growth challenges at competitive pricing. See additional coverage on The Paypers, businesswire, and Fintech Futures.
Bank of New Zealand has implemented Payments NZ Account Information API v2.1, enabling secure financial data sharing. The bank achieved this milestone three months before the deadline, hinting at the future potential of open banking. See additional coverage on Opening Bank Expo, bnz, FST Media, and The Paypers.
PayJunction, a tech-focused payments firm adds Text to Pay to its services enhancing customer payment experiences. The feature streamlines operations, improves revenue, and secures transactions via SMS, without handling sensitive cardholder information. See additional coverage on Crowdfund Insider.
S. Mobile has rolled out an API for efficient MTN data bundle distribution to banks and fintechs. The service aims to foster greater financial inclusion by integrating data bundle purchases into digital platforms.
Security
Penta Security launched API Protection, a managed rule group for AWS WAF to protect against OWASP API Security Top 10 Risks. Taejoon Jung highlights that API Protection allows businesses of all sizes to affordably implement a WAAP model with AWS WAF.
Traceable has announced a Strategic Collaboration Agreement with AWS to enhance API security platform accessibility and integration for cloud-native environments. The partnership aims to equip organizations with advanced API protection capabilities, ensuring security at scale amid growing API-based attack threats. See additional coverage on channel insider.
Cashfree Payments launched Secure ID, a comprehensive identity verification and fraud prevention platform, at the Global Fintech Fest. The AI/ML-driven Secure ID platform has handled over 100Cr+ verifications and thwarted frauds worth INR 50Cr+ for various businesses.