Introduction

In today’s fast-paced digital economy, banks are increasingly embracing open banking to stay competitive, enhance customer experiences, and drive innovation. With the right tools and strategies, banks can seamlessly integrate their services with various platforms, enabling a more connected and efficient ecosystem for both retail and corporate customers. SIDGS, through its low-code/no-code API management solution, SAMI, is at the forefront of this transformation, offering banks the ability to unlock the full potential of open banking. 

Unlocking New Possibilities with SAMI 

SIDGS’s SAMI platform is designed to facilitate banks in their journey towards open banking by offering a comprehensive, user-friendly API portal. SAMI empowers API developers, product managers, and external partners to effortlessly create, manage, and track API products. Through its intuitive interface, SAMI enables banks to:

1. Generate API Proxies: Easily create and manage API proxies that allow seamless integration of banking services across various platforms. This enables banks to offer their customers and partners a wide range of services directly through their existing systems.

2. Monetize Digital Assets: SAMI’s robust analytics capabilities allow banks to monitor API usage and performance, providing valuable insights that can be used to optimize and monetize digital assets. By tracking API-product subscriptions, banks can identify key revenue streams and capitalize on new business opportunities. 

3. Accelerate Digital Integration: Similar to the approach taken by leading banks, SAMI helps streamline the integration of banking services with partner platforms, enabling faster and more efficient digital onboarding processes. This not only boosts productivity but also enhances the overall customer journey by simplifying complex transactions. 

A Proven Approach in the banking Industry 

Consider the impact that similar initiatives have had in the banking sector. Leading financial institutions have successfully implemented open banking solutions that cover hundreds of APIs across various domains such as payments, accounts, loans, and trade finance. By doing so, they have empowered their retail and corporate customers to conduct secure financial transactions directly through their ERP systems, without the need for a traditional net banking interface. 

With SAMI, banks can replicate and even exceed these successes. The platform supports the creation of a vast array of API products that cater to both retail and corporate needs, ranging from simple account management to complex trade finance operations. By enabling direct integration with customers’ digital systems, banks can offer a more streamlined and convenient banking experience. 

The SIDGS Advantage 

What sets SIDGS apart is our commitment to continuous innovation and customer-centric solutions. With SAMI, we provide banks with a low-code/no-code environment that simplifies the development and deployment of API products. This means faster time-to-market, reduced operational costs, and the ability to adapt quickly to changing market demands. 

Moreover, SAMI’s platform is designed to foster collaboration and co-creation. Banks can work closely with their partners to develop customized APIs that address specific business needs, ultimately strengthening their relationships and driving long-term growth. 

Conclusion 

As banks continue to navigate the complexities of digital transformation, SAMI offers a proven, scalable, and flexible solution that can help them achieve their open banking goals. By leveraging SAMI’s powerful features, banks can enhance their service offerings, boost productivity, and unlock new revenue streams, all while delivering a superior customer experience. 

Join the ranks of leading banks who have transformed their operations through open banking. Let SIDGS and SAMI be your partner in this journey, helping you to stay ahead in an increasingly digital world. 

 

 

 

Microservices architecture is a common application development strategy in which the application is created as a group of small, independent services that interact with one another with the use of APIs. This design offers several benefits, including scalability, adaptability, and ease of upkeep. However, implementing platforms can be difficult. This blog will walk you through the five best methods to install microservices.

Also Read: How to Create Microservices with REST API?

1. Containerization

The process of encapsulating an application and its components into a singular container image is known as containerization. Because the container image includes everything needed to operate the application, this method makes it simple to deploy microservices across various environments. Furthermore, containerization offers several advantages such as resource isolation, simple scalability, and version control.

Containerization is a popular method used for deploying microservices, as it allows developers to package each microservice into a separate container that can be deployed and executed independently. Containerization provides several benefits for microservices deployment, including:

• Isolation: Each microservice can run in its own container, which provides a high degree of isolation from other microservices and the underlying system. This makes it easier to manage dependencies and reduces the risk of conflicts between microservices.
• Scalability: Containerization makes it easy to scale individual microservices up or down as needed, without affecting other services.
• Portability: Containers are platform-agnostic, which means that they can run on any system that supports containerization technology. This makes it easy to move microservices between different environments, such as development, testing, and production.
• Efficiency: Containers are lightweight and require very less resources than virtual machines, which makes them more efficient.

Docker is the most widely used containerization tool. Docker files are simple to create and distribute to any environment, including local development devices, test environments, and production servers.

Also Read: How to Design Highly Scalable Systems With Microservices?

2. Kubernetes

Kubernetes is a popular open-source container orchestration platform that automates the process of deployment, scaling, and management of containerized applications. Kubernetes provides several features such as load balancing, automatic scaling, self-healing, and rolling updates.

Using Kubernetes to deploy microservices allows for easier application lifecycle management, as Kubernetes automates many tasks such as scaling, deployment, and failure recovery. Additionally, Kubernetes provides a high level of fault tolerance, making it a popular choice for production environments.

Here are the ways in which Kubernetes can be used for microservices deployment:

• Containerization: Kubernetes is built to work with containers, so it is an excellent platform for deploying microservices that are containerized. Containers are a lightweight, portable, and self-contained way to package microservices and their dependencies, which makes it easier to deploy and manage them.
• Service Discovery and Load Balancing: Kubernetes has built-in service discovery and load balancing capabilities that make it easy to manage the traffic between microservices. Each microservice is deployed as a separate service in Kubernetes, and Kubernetes automatically assigns a unique IP address to each service. This allows the microservices to communicate with each other using the IP address, and Kubernetes can load balance the traffic between them.
• Auto Scaling: Kubernetes can automatically scale the number of containers running a microservice based on the workload. This means that Kubernetes can increase the number of containers running a microservice during periods of high traffic and decrease the number of containers during periods of low traffic.
• Rolling Updates: Kubernetes can perform rolling updates of microservices without any downtime. Kubernetes can gradually replace the old containers with the new ones, ensuring that the microservices remain available during the update process.
• Resource Management: Kubernetes can manage the resources used by microservices, such as CPU and memory. This ensures that each microservice has the resources it needs to operate effectively, and it prevents any single microservice from consuming too many resources and impacting the performance of other microservices.

Overall, Kubernetes provides a powerful platform for deploying and managing microservices, making it an excellent choice for organizations looking to adopt a microservices architecture.

Also Read: 5 Best Ways to Deploy Microservices

3. Serverless Computing

Serverless computing is an approach where applications are developed and deployed without worrying about the underlying infrastructure. The cloud provider manages the infrastructure and the developer only needs to provide the code.

Serverless architectures are ideal for microservices because they provide high scalability, low cost, and reduced maintenance overhead. Moreover, serverless architectures allow for easy deployment and management of microservices.

AWS Lambda, Azure Functions, and Google Cloud Functions are popular serverless computing platforms.

The serverless platform manages the scaling, availability, and maintenance of the infrastructure, allowing developers to focus on the application code.

Serverless microservices architecture offers several benefits, including:

• Scalability: Serverless platforms can automatically scale to meet the demands of the application without requiring any intervention from the developer.
• Cost efficiency: Serverless platforms only charge for resources used, which can be more cost-effective than traditional infrastructure-based models.
• Reduced operational overhead: By delegating infrastructure management to the cloud provider, developers can focus on writing and deploying code, rather than managing servers and infrastructure.
• Flexibility: Serverless architectures are flexible and can be used with a variety of programming languages, making it easier to integrate with existing applications.

However, serverless architecture is not suitable for all use cases. Applications with long-running processes or high I/O operations may not perform as well with a serverless approach. Additionally, the event-driven nature of serverless architecture may require a significant redesign of existing monolithic applications to take full advantage of the benefits of serverless microservices deployment.

Also Read: Effective Ways to Achieve Legacy Application Modernization

4. Platform as a Service (PaaS)

Platform as a Service (PaaS) is a cloud computing model where a provider offers a complete platform for developing, deploying, and managing applications. PaaS providers manage the underlying infrastructure, operating system, and middleware, allowing developers to focus on building the application.

PaaS providers offer several benefits such as easy scalability, high availability, and reduced maintenance overhead. Additionally, PaaS providers offer several tools and services for building, deploying, and managing microservices.

Heroku, Microsoft Azure, and Google App Engine are popular PaaS providers.

5. Virtual Machines

Virtual machines (VMs) are a popular approach to deploying microservices. VMs provide a high level of isolation, which is important for security and performance reasons. Additionally, VMs allow for easy deployment across different environments, as the VM can be moved between environments without modification.

Using VMs to deploy microservices requires more management overhead than other approaches such as containerization or serverless computing. However, VMs provide a high degree of control over the underlying infrastructure, which can be important for some applications.

Conclusion Deploying microservices can be challenging, but there are several approaches that can make it easier. Containerization, Kubernetes, serverless computing, PaaS, and virtual machines are all viable options for deploying microservices. The choice of approach will depend on several factors such as scalability requirements, management overhead, and infrastructure requirements.

Standardizing APIs refers to the process of creating uniform, consistent, and predictable ways for different software systems to interact with each other, through APIs. Here’s an overview of the key aspects involved in standardizing APIs:

Design and documentation:

A well-designed and well-documented API is the foundation of standardization. Start by defining the scope and objectives of the API, as well as its target audience, use cases, and functional requirements. This will provide a clear roadmap for the development of the API, as well as a basis for its design and documentation.

When designing the API, consider factors such as data structures, protocols, security, and error handling mechanisms. Be sure to define a clear and consistent structure for endpoints, request and response parameters, and error codes, as this will make it easier for developers to understand and use the API.

In terms of documentation, make sure that all aspects of the API are thoroughly documented, including its design, functionality, protocols, security mechanisms, and error handling procedures. The documentation should be easily accessible and should provide clear and concise information about how the API works, as well as examples of how to use it.

Naming conventions:

Naming conventions play a critical role in standardizing APIs, as they help to ensure that APIs are easily identifiable, readable, and consistent in their usage. When defining naming conventions, consider factors such as readability, uniqueness, and consistency.

For example, you might define a naming convention that requires all endpoints to be named in a specific format, such as “GET /api/v1/resources”. This makes it easy for developers to understand what each endpoint does and how to use it. Similarly, you might define naming conventions for request and response parameters, such as using camelCase or snake_case, and for error codes, such as using HTTP status codes.

Versioning:

API versioning is essential to ensure backward compatibility and to enable the introduction of new features without breaking existing integrations. When versioning an API, consider factors such as the type of changes being made, the impact on existing integrations, and the timeline for introducing new versions.

For example, you might decide to use a versioning scheme such as “v1”, “v2”, “v3”, etc., and to increment the version number whenever breaking changes are introduced. Alternatively, you might decide to use a date-based versioning scheme, such as “2022-01-01”, “2022-06-01”, etc.

Regardless of the versioning scheme used, it’s important to ensure that multiple versions of the API are available at the same time, so that existing integrations are not broken, and that new integrations can be made to the latest version of the API.

Data format:

The data format used by an API plays a critical role in ensuring that data can be easily exchanged between different systems. When choosing a data format, consider factors such as readability, efficiency, and compatibility with other systems.

Common data formats used by APIs include JSON and XML. Both of these formats are widely used and are well-supported by a wide range of programming languages and platforms. When defining the data format, be sure to specify the encoding to be used, such as UTF-8 or UTF-16.

Security:

Security is an essential aspect of any API, as it helps to ensure that the API is protected against unauthorized access, manipulation, and data theft. When designing the security for an API, consider factors such as the type of data being exchanged, the sensitivity of the data, and the level of risk associated with unauthorized access.

Common security mechanisms used by APIs include OAuth, JWT, and SSL/TLS encryption. OAuth provides a standard way of granting access to resources, while JWT

Error handling:

Error handling is an important aspect of API design, as it helps to ensure that errors are handled in a consistent and predictable manner. When designing error handling for an API, consider factors such as the type of errors that might occur, the severity of the errors, and the impact on the API’s functionality.

Common error handling mechanisms used by APIs include returning HTTP status codes and error messages, as well as providing detailed error logs that can be used for debugging purposes. Be sure to define clear and consistent error codes and messages that can be used to diagnose and fix issues with the API.

Performance and scalability:

Performance and scalability are critical factors in the success of an API, as they determine how well the API will perform under heavy load and how well it will be able to handle growing numbers of users and requests.

When designing for performance and scalability, consider factors such as the size and complexity of the API, the number of requests it is expected to handle, and the resources it will consume, such as CPU, memory, and network bandwidth. Optimize the API for performance by using efficient algorithms, minimizing the amount of data being transferred, and minimizing the number of round-trips to the server.

Monitoring and logging:

Monitoring and logging are essential components of API management, as they provide visibility into the health and performance of the API, as well as the ability to diagnose and fix issues in real-time.

When designing monitoring and logging for an API, consider factors such as the type of data that will be logged, the frequency of logging, and the storage and retrieval of log data. Use tools such as API gateways and log management solutions to monitor and log API traffic, and use dashboards and reports to visualize API performance and usage.

Testing and validation:

Testing and validation are critical steps in the development of an API, as they help to ensure that the API is functional and meets its design objectives. When testing and validating an API, consider factors such as the number of test cases, the complexity of the test cases, and the resources required to execute the tests.

Use automated testing tools and frameworks to validate the API against its functional requirements and design objectives. Additionally, perform manual testing to validate the API in real-world scenarios and to validate that it works as expected under different conditions.

Deployment and management:

Deployment and management are the final steps in the development of an API, as they help to ensure that the API is properly deployed, configured, and managed in production. When deploying and managing an API, consider factors such as the infrastructure required, the resources required to support the API, and the tools and processes required to manage and monitor the API.

Use tools such as API gateways, API management platforms, and DevOps processes to deploy, manage, and monitor the API in production. Additionally, consider the use of cloud-based solutions, such as Amazon Web Services (AWS) or Microsoft Azure, to deploy and manage the API in a scalable and secure manner.

The evolution of APIs (Application Programming Interfaces) has been shaped by the changing needs and advancements in technology over the years. The following is a brief overview of the evolution of APIs:

Early APIs (1960s-1980s):

The earliest APIs were used for communication between operating systems and provided low-level access to system resources such as input/output and memory allocation. These APIs were limited by the capabilities of the underlying hardware and were typically used for simple functions.

Best Practices:

• Use simple, clear, and concise interfaces to communicate with system resources.
• Limit the number of calls to system resources to avoid performance issues.
• Use standard interfaces and protocols, where possible, to ensure compatibility and interoperability.

Limitations:

• Early APIs provided limited functionality and were limited by the capabilities of the underlying hardware.
• The use of proprietary protocols and data formats made it difficult for different systems to communicate with each other.
• The lack of standardization in the API design and implementation process led to inconsistencies and compatibility issues.

Remote Procedure Calls (RPCs) (1980s-1990s):

The advent of distributed computing brought about the use of Remote Procedure Calls (RPCs), which allowed programs running on different computers to communicate and exchange data. RPCs provided a high-level interface for remote communication and paved the way for the development of web services.

Best Practices:

• Use a standard for defining the API, such as XML-RPC or JSON-RPC.
• Ensure the API is secure by using encryption and authentication mechanisms.
• Use versioning to allow for backward compatibility and prevent breaking changes from affecting existing clients.

Limitations:

• The use of proprietary protocols and data formats made it difficult for different systems to communicate with each other.
• The lack of standardization in the API design and implementation process led to inconsistencies and compatibility issues.

Web Services (1990s-2000s):

The introduction of the World Wide Web and the growth of the Internet led to the development of web services. Web services used XML and HTTP to communicate and exchange data and provided a standard interface for distributed computing.

Best Practices:

• Use a standard for defining the API, such as SOAP or XML.
• Ensure the API is secure by using encryption and authentication mechanisms.
• Use versioning to allow for backward compatibility and prevent breaking changes from affecting existing clients.

Limitations:

• The use of XML and other complex data formats made it difficult to develop and consume web services.
• The lack of standardization in the API design and implementation process led to inconsistencies and compatibility issues.

Representational State Transfer (REST) (2000s-2010s):

The popularity of RESTful APIs increased in the early 2000s, as they provided a lightweight and flexible alternative to web services. REST APIs use HTTP methods and standard URLs to exchange data and do not require the use of XML or other complex data formats.

Best Practices:

• Use HTTP methods (GET, POST, PUT, DELETE, etc.) to define the operations available in the API.
• Use standard URLs to identify resources and allow for easy discovery and documentation.
• Use JSON or XML data formats for exchanging data.
• Ensure the API is secure by using encryption and authentication mechanisms.
• Use versioning to allow for backward compatibility and prevent breaking changes from affecting existing clients.

Limitations:

• REST APIs can be difficult to implement and maintain, especially for complex or high-performance applications.
• The use of standard HTTP methods and URLs can make it difficult to define complex operations or data relationships.

Microservices (2010s-present):

The growing need for scalable and flexible systems led to the development of microservices, which are small, independent, and modular components that can be deployed and managed independently. APIs play a critical role in communication between microservices, allowing for the creation of complex systems using a collection of loosely-coupled components.

Best Practices:

• Design each microservice to be independent and self-contained, with its own database and APIs.
• Use APIs to define the contracts between microservices and ensure loose coupling

Limitations:

• Complexity: Microservices can increase the overall complexity of a system by introducing a large number of components and dependencies. This can make it difficult to manage, monitor, and test the system, especially for larger and more complex systems.
• Testing and Debugging: With a large number of microservices, testing and debugging can become more complex and time-consuming. It can also be difficult to diagnose and resolve issues that span multiple microservices.
• Inter-service Communication: Inter-service communication is critical for microservices to work together, but it can also become a bottleneck and cause performance issues if not properly managed.
• Deployment: The deployment of microservices can be complex, especially in large and complex systems where there are many dependencies between microservices.
• Security: Microservices can pose a security risk if not properly secured, as a vulnerability in one service can affect the entire system. Additionally, securing inter-service communication can also be challenging.
• Data Consistency: Ensuring data consistency between microservices can be challenging, especially in large and complex systems with many dependencies.
• Integration: Integrating microservices into an existing system can be complex, especially if the system was not designed with microservices in mind.
• Monitoring and Management: Monitoring and managing microservices can be challenging, especially in large and complex systems. It can also be difficult to diagnose and resolve issues that span multiple microservices.

GraphQL (2015-present):

GraphQL is a query language and runtime for APIs that was developed by Facebook. It provides a more flexible and efficient alternative to REST APIs, allowing for the retrieval of exactly the data that is needed in a single request.

Best Practices:

• Schema-first approach: Defining a schema upfront helps ensure that the data structure is well-defined, consistent, and properly documented.
• Strong typing: GraphQL has strong typing capabilities, making it easier to catch errors early and ensure data consistency.
• Minimal over-fetching or under-fetching of data: With GraphQL, clients can specify exactly what data they need, reducing the amount of unnecessary data transferred.
• Single endpoint: GraphQL allows multiple queries to be sent over a single endpoint, reducing the number of network round trips.
• Performance: GraphQL can improve performance by reducing the amount of unnecessary data transferred.

Limitations:

• Learning curve: The syntax and concepts of GraphQL can be challenging to learn, especially for developers with little experience in APIs.
• Security: GraphQL requires careful consideration of security issues, such as the risk of injection attacks.
• Tooling: Although the GraphQL ecosystem is growing, there may still be a lack of tools and resources compared to other API technologies.
• Latency: In some cases, GraphQL may introduce additional latency due to its query execution process.
• Caching: Caching strategies for GraphQL may be more complex than for traditional REST APIs.
• Debugging: Debugging GraphQL can be more challenging than other API technologies, especially for complex queries and large schemas.

AI-powered APIs (2010s-present):

With the growth of artificial intelligence and machine learning, APIs have been developed to provide access to AI-powered services and functionality, such as image recognition, natural language processing, and predictive analytics.

Best Practices:

• Choose the right use case: AI-powered APIs are best suited for use cases that require complex decision-making or predictive capabilities.
• Quality training data: The accuracy of the AI models is dependent on the quality of the training data. Care should be taken to ensure that the training data is representative and unbiased.
• Validate and monitor the models: It’s important to validate and monitor the performance of the AI models to ensure that they continue to perform well and to identify any issues or biases in the data.
• Properly secure the data: AI-powered APIs often use sensitive data, such as personal or financial information. Care should be taken to ensure that the data is secure and properly protected.

Limitations:

• Bias: AI models can reflect and amplify biases in the training data, leading to incorrect or unfair results.
• Explainability: AI-powered APIs can be opaque and difficult to understand, making it difficult to determine how a decision was made or to correct errors.
• Data quality: The accuracy of the AI models is dependent on the quality of the training data, and poor quality data can lead to incorrect results.
• Performance: AI-powered APIs can be computationally intensive, requiring significant resources and time to train and deploy.
• Regulation: AI-powered APIs may be subject to additional regulations and legal requirements, such as data privacy and protection laws.

In conclusion, the evolution of APIs has been driven by the changing needs and advancements in technology. APIs continue to play a critical role in enabling communication and data exchange between different systems and services, and the development of new technologies is likely to bring about further evolution and innovation in the field.

APIs (Application Programming Interfaces) allow different software systems to communicate and exchange data with each other. They can be categorized based on their accessibility, structure, and the way they transfer data. We can categorize API’s broadly into three:

Accessibility:

• Open API: These APIs are publicly accessible and allow for easy access and implementation by developers. They are often used for third-party integrations and allow for the creation of new applications and services. Examples include Twitter API, Google Maps API, and Stripe API.
• Internal API: These APIs are meant for use within an organization only, and are not accessible to the public. They are used for communication between internal systems and teams, enabling efficient and streamlined data exchange.
• Partner API: These APIs are made available to specific partners, such as those in a business alliance. They allow for the sharing of information and services between partner organizations.
• Composite API: These APIs combine multiple APIs into a single request, allowing for easier and more streamlined access to data. They are often used to integrate different systems and services, providing a single endpoint for data exchange.

Also Read: How API’s Communicate

Structure:

• REST (Representational State Transfer): REST is a popular type of API that uses HTTP requests to exchange data. REST APIs use standard HTTP methods such as GET, PUT, POST and DELETE to perform operations on data. They are lightweight and easy to implement, making them a popular choice for web-based APIs.
• SOAP (Simple Object Access Protocol): SOAP is a protocol for exchanging structured information in the implementation of web services. SOAP APIs use XML to encode messages, and can be used with a variety of transport protocols, including HTTP and SMTP. They are typically used for more complex and secure applications that require a high degree of data exchange.
• GraphQL: GraphQL is a data query language and runtime for APIs. It allows for more flexible and efficient data retrieval, enabling clients to specify exactly what data they need and receive only that data in a single request. This can lead to reduced network overhead and faster performance.
• gRPC: gRPC is a high-performance, open-source framework for building APIs. It uses a compact binary format for data transfer, allowing for efficient and fast communication between systems. gRPC supports a wide range of programming languages and can be used for both online and offline applications.

Also Read: Top Industries that use APIs

Security:

APIs can implement authentication and authorization methods to secure the exchange of data. Common methods include:

• OAuth: An open standard for authorization that allows users to grant third-party access to their data without revealing their passwords.
• JWT (JSON Web Token): A compact and self-contained token format that is used to securely transmit information between systems.
• API keys: A unique identifier that is used to track and control access to an API. API keys are typically generated by the API provider and are required to access the API.

In conclusion, APIs play a critical role in enabling the exchange of data and functionality between different software systems. The choice of API type, structure, and security method will depend on the specific requirements and use case of the application.

API (Application Programming Interface) communication is a process of exchanging information between different software systems. The following is a comprehensive guide to understanding how APIs communicate:

1. Request & Response: An API request is made by a client, which can be a web-based application, mobile app, or any other software system, to the server. The client sends the request to the server by making an HTTP request to a specific endpoint. The server then processes the request and sends a response back to the client. The response is also an HTTP message that includes a status code and the data requested, if any.
2. Endpoint: An endpoint is a specific location where the API can be accessed. It is a URL or address that is the entry point to the API and defines the specific operation that the client wants to perform. For example, an endpoint for retrieving a list of products may be “/api/products”.
3. Methods: APIs use different methods, such as GET, POST, PUT, and DELETE, to perform specific operations. These methods are specified as part of the API request and indicate the action the client wants to perform. For example, the GET method is used to retrieve data, the POST method is used to create data, the PUT method is used to update data, and the DELETE method is used to delete data.
4. Headers: Headers are a part of the API request and response that contain additional information such as authentication tokens, content type, and other metadata. Headers provide additional context to the request and can help the server determine how to process the request and generate a response. For example, the content type header specifies the format of the data being sent or received, such as JSON or XML.
5. Query parameters: Query parameters are additional information sent as part of the API request in the form of key-value pairs appended to the endpoint URL. Query parameters allow the client to specify additional criteria for the operation, such as the date range or sorting order for data retrieval.
6. Data format: APIs use different data formats such as JSON, XML, or CSV to send and receive data. The client and server must agree on the data format to successfully exchange information. JSON is a popular data format for APIs because it is lightweight, easy to parse, and supports complex data structures.
7. Status codes: APIs use HTTP status codes to indicate the success or failure of an API request. Status codes are three-digit numbers that indicate the outcome of the request. For example, a 200 status code indicates success, a 404 status code indicates a resource not found, and a 500 status code indicates a server-side error. These status codes provide a standardized way for the client to understand the outcome of the request and take appropriate action.

Also Read: Top Industries that use APIs

In conclusion, API communication is a complex process that involves the exchange of requests and responses between a client and a server using a specific endpoint, methods, headers, query parameters, data format, and status codes. Understanding these concepts is essential for designing and building APIs that are reliable, scalable, and easy to use.