To help banks establish a service-oriented architecture (SOA) for their business operations, 17 organisations have joined to create the Banking Industry Architecture Network (BIAN). The goal of BIAN is to help banks ease the transition to SOA by gathering together a community of industry players and global banks that will openly share domain and technical expertise to apply SOA principles and methodologies. Based on the foundation of the Industry Value Network (IVN) for banks created by SAP, the founder members of BIAN are: AXON, Callataÿ & Wouters, Credit Suisse, Deutsche Bank, Deutsche Postbank, Finanz IT, ifb group, ING, Microsoft, SAP, Standard Bank, Steria, SunGard, SWIFT, Syskoplan, Temenos and Zürcher Kantonalbank. Working with standards bodies and banks worldwide, BIAN aims to encourage standards and best practice adoption, define enterprise services, and develop and deliver SOA and business process management based banking platforms. BIAN’s work will help banks to more flexibly use software to run core banking processes and achieve better interoperability among their IT systems.
A report by broking group Marsh examines the repercussions from the administration of the South Korean company, which filed for bankruptcy protection at the end of August.
Global research by C2FO suggests that smaller businesses are less concerned with the repercussions of Brexit and the upcoming US presidential election.
A squeeze on skilled talent means it now takes an average of seven weeks to fill open permanent roles in finance in the UK according to new research from financial services recruitment firm Robert Half.
Early-stage merger and acquisition deals in Asia-Pacific show nearly 10% year-on-year growth in recent months.