Telcos may be too slow to adopt network APIs – GlobalData

2024 has finally seen Network Application Programming Interfaces (APIs) gain commercial traction for both mobile and fixed networks in multiple markets across the globe. Mobile network operators across Europe, Asia, and the Americas have latched on to the GSMA Open Gateway's antifraud APIs, with strong interest from businesses already being reported. However, these are early days, and regulatory challenges and market dynamics mean that network APIs may not be the success that service providers are hoping for, according to GlobalData, a leading data and analytics company.

Antifraud network APIs have struck a chord with developers and enterprises because of the growing threat of cybercrime. Industry standardization and cooperation have also given the APIs scale that makes them relevant to large percentages of the population in multiple markets.

However, replicating the success of these anti-fraud APIs is not a given. The APIs tap into relatively simple network functions. By tackling fraud, they are also likely to find favor with regulators. More sophisticated use cases will require deeper cooperation between telcos and more complex regulatory frameworks – and telcos risk being left behind.

Read the full press release here.

GlobalData