IBM has become the newest member of the Banking Industry Architecture Network (BIAN), which promotes standards within banking. As well as becoming a full member of the community, Chae An, IBM’s vice president of financial services solutions, will take a position on BIAN’s board.
Since its inception in 2008, BIAN’s mission has been to establish a service-oriented architecture (SOA) standard in the banking industry. Having gained momentum – in 2011, BIAN signed nine new members, and launched its new service landscape – the organisation is entering a new stage of maturity. The addition of prominent banking technology visionary, IBM, to the board is the catalyst to delivering standards with greater quality at a faster pace, ultimately ensuring successful embedment within the industry.
“Open standards create interoperability and accelerate the adoption of new technologies that help industries work more intelligently,” said An. “BIAN’s collaboration with industry groups such as Object Management Group and SWIFT demonstrates its commitment to making its banking models more valuable to its members. Through the BIAN community, IBM will continue working to address the requirements of financial institutions through solutions based on open standards.”
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