Nokia and Globe Telecom: A New Approach to Banking Security with Secure APIs

In the ever-evolving landscape of cybersecurity, telecommunications giants are teaming up to tackle fraud in the banking sector. Nokia, a global leader in network technologies, has partnered with Globe Telecom, one of the Philippines' largest telecommunications operators, to enhance security for banks and other enterprises through the utilization of network Application Programming Interfaces (APIs). This collaboration aims to provide a robust defense against the increasing threat of cyberattacks on banking services.

Globe Telecom, which already employs a host of Nokia solutions, including 5G RAN, is now testing Nokia's Network Exposure Platform (NEP). This platform expands and simplifies the number of APIs available to the operator and its enterprise partners, enabling the creation of security-focused applications. APIs provide access to deep functionality and data within networks, allowing application developers to utilize those network capabilities to build new use cases for their customers.



With cyberattacks on banking services accelerating, it is crucial for telecommunications operators to make available the latest network-powered technologies to their enterprise customers. By helping them safeguard against fraud, operators can play a significant role in protecting the financial sector from cyber threats. As Joel Agustin, Globe's Head of Service Planning and Engineering, stated, "We are now at the stage of testing how Nokia's NEP can support our customers in the banking and enterprise sectors with security verification tools to prevent fraudulent transactions."

Nokia's Network Exposure Platform (NEP) is an implementation of the GSMA Operator Platform, a standard for a common platform exposing operator capabilities to developers. Globe Telecom and Nokia contribute to GSMA Open Gateway and Linux Foundation CAMARA, both of which are leading the way to harmonize the efforts of operators around the world through the development of standards-based APIs. This collaboration helps ensure that APIs are consistent and interoperable across different networks and operators.



Nokia NEP complements and integrates with Nokia's Network as Code platform with developer portal, which aligns with the GSMA Open Gateway aggregator concept. This integration provides a cloud-based platform to connect and monetize service provider networks with application developers, expanding and simplifying the number of APIs available to operators and their enterprise partners. Since launching the Network as Code platform in September 2023, Nokia's ecosystem of Network as Code platform partners has grown to 48, including BT, Orange, StarHub, Telefonica, and Telecom Argentina. This expanding ecosystem demonstrates the increasing adoption and acceptance of standards-based APIs for network security.

In conclusion, the collaboration between Nokia and Globe Telecom addresses the increasing threat of cyberattacks on banking services in the Philippines by providing enhanced security through the utilization of network Application Programming Interfaces (APIs). By expanding and simplifying the number of APIs available to operators and their enterprise partners, Nokia's Network Exposure Platform enables the creation of security-focused applications that help safeguard against fraud and protect customers' sensitive information. As the threat of cyberattacks continues to evolve, telecommunications operators and technology providers must work together to develop innovative solutions that protect the financial sector and maintain the trust of consumers.