Goldman Sachs: Leveraging AI and APIs to Serve Business and Clients
In this API Summit 2024 session, Goldman Sachs Managing Director Rohan Deshpande and Kong CEO and Co-Founder Augusto “Aghi” Marietti talk about AI, API, the convergence of AI and APIs, and how Goldman Sachs is leveraging APIs.
How does investment banking giant Goldman Sachs leverage APIs and AI to serve its clients and drive business success?
Managing Director Rohan Deshpande emphasizes that APIs are "first-class constructs" at Goldman Sachs, where about a quarter of employees work in engineering. The firm has been API-first for over a decade, using APIs both for client-facing applications and internal operations.
Deshpande explains that while the volume of APIs isn't the focus at Goldman Sachs, the value per API call is significant. The firm uses Kong's API platform to implement essential features like authentication, authorization, and rate limiting, ensuring compliance with strict financial industry regulations while enabling developer productivity.
Read the full story here.