Common architecture needed to reduce bank system integration costs
April 30, 2013
Publication: COMPUTERWORLD UK
BIAN says that innovation is being held back with integration cost five times higher than software purchase
Banks need to adopt common architectures order to untangle the complex IT systems which are hindering innovation, according to industry standards group BIAN.
The use of legacy systems is causing a number of problems for banks, with highly complex environments built up over years b...
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First U.S. Bank to Join Integration Standards Group BIAN
April 18, 2013
Publication: American Banker
PNC Thursday became the first U.S. bank to join the Bank Infrastructure Architecture Network, a standards group that promotes the use of services-oriented architecture in banks.
BIAN creates “landscapes” — blueprints of sorts for IT departments to guide them ...
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BIAN signs PNC as first US bank member
April 18, 2013
Publication: Finextra
The Banking Industry Architecture Network (Bian), an organisation working to establish a service-oriented architecture (SOA) standard in the finance industry, has signed up PNC as its first US bank member.
Bian was spun out of SAP in 2008 as an independent, member owned, not-for-profit association to establish and promote a common archit...
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Global BIAN community reaches 38 members as first U.S. bank joins
BIAN community continues to expand internationally, signing four new members from the banking and technology industries: PNC Financial Services Group, KfW Bankengruppe, Asseco Group and Nucleus Software
LONDON and FRANKFURT, 18th April 2013 – BIAN, the Banking Industry Architecture Network, today welcomes four new members to its increasingly global and diverse community, including two more banks: PNC Financial Services Group, its f...
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A bid to cut the crippling cost of banking integration
April 10, 2013
Publication: InformationAge
The cost of system integration is preventing banks from innovating. The Banking Industry Architecture Network is an initiative that aims to address that
The banking industry, it is fair to say, has a legacy IT problem.
Having been some of ...
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Cutting Costs in Core Banking
Microsoft and BIAN are helping
Article in Finance on Windows, Spring Issue 2013 (page 34 – 39)
Banking is one of the most IT intensive industries with no physical product to sell but a mountain of data to manage effectively and efficiently. It may come as no surprise then that IT spending in the industry is high, with research from Temenos revealing that...
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BIAN community delivers Service Landscape 2.0
- bringing core banking interoperability one step closer
BIAN outpaces expectations, releasing 63 Service Domain definitions as the 36-strong community moves ever more towards greater collaboration in banking standards
19 February 2013 – BIAN, the Banking Industry Architecture Network, today announces the launch of its new Service Landscape, version 2.0 (‘SL 2.0’). The BIAN Service Landscape represents a step forward fo...
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Member Press Release: Axxiome Joins BIAN
TORONTO, ONTARIO–(Marketwire – Jan. 21, 2013) – Axxiome, a leading banking solutions provider, has joined the Banking Industry Architecture Network (BIAN). Axxiome joins other global names such as ABN AMRO, Credit Suisse, Microsoft and Deutsche Bank amongst others, who it will work with to create common banking platforms which benefit consumers while also making banks significantly more efficient.
BIAN drives common industry agreements on ho...
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BIAN adds Erste, Bangkok Bank, TCS and Axxiome as members
November 8, 2012
Publication: IBS Journal – News
The industry initiative, BIAN, has gained a couple of additional banks as members, comprising Bangkok Bank (its first in Asi...
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First Asian bank joins BIAN community for banking standards collaboration
BIAN signs four new members: Bangkok Bank, Tata Consultancy Services, Erste Group, Axxiome; and first academic partnership with Singapore Management University
SIBOS, Osaka, Japan: 30 October 2012 – BIAN, the Banking Industry Architecture Network, today welcomes four new members to its community, including its first Asian bank, Bangkok Bank (the largest commercial bank in Thailand), and blue chip financial services consul...
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BIAN SOA Report 2012
October 10, 2012
SOA, standards and IT systems: how will SOA impact the future of banking services?
A report looking into the attitudes of the banking community, with a focus on how the adoption of Service Oriented Architecture in financial services IT systems will create tangible business benefits for both banks and software vendors
Key findings at a glance
- 78% of banks believe the adopti...
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Bankers get framed
July 20, 2012
Banking Technology by Tom Groenfeldt
Frameworks are a hot topic in banking, both among banks and major vendors, and for similar reasons – complexity, integration, cost and the challenge of updating legacy systems.
Several major banks, including ING, ABN AMRO and UBS, and technology providers including IBM, Microsoft, SAP and Temenos, have j...
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Bank network group BIAN calls for SOA for move to commercial software
July 5, 2012
The Banking Industry Architecture Network (BIAN) has called for the adoption of a service-oriented architecture (SOA) framework across the banking and industry and its software and services suppliers to support the move to off-the-shelf software in banks.
BIAN, which promotes a common banking architecture, has created a framework for software suppliers to create systems compatible with a bank’s SOAs.
If adopted, banks will be able...
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New BIAN architecture models aim to increase bank efficiency and enable business agility
100% of banks agree that the adoption of SOA standards will increase their ability to compete – finds BIAN industry study
3 July 2012 – BIAN, the Banking Industry Architecture Network, today announces the launch of its new Service Landscape, version 1.6 (‘SL 1.6’), which includes multiple new Service Domain definitions. These new Service Domains will allow BIAN’s community of 31 members, including Credit Suisse, UBS and ING, the ability to ...
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BIAN launches first set of useable SOA service domains for the banking industry
94% of banks agree that the adoption of SOA standards will increase their institutions’ ability to compete – finds BIAN industry survey
2 July 2012 – BIAN, the Banking Industry Architecture Network, today announces the launch of its new Service Landscape, version 1.6 (‘SL 1.6’), which includes 17 new Service Domain definitions. This is the first time BIAN’s community of 31 members, including Credit Suisse, UBS and ...
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System integration challenge
June 25, 2012 – Interview with Steve Van Wyk, Chairman of the BIAN Board
Publication: FUTURE BANKING
In the financial services industry, everything is dependent on IT. This stretched from a bank’s response to changing risk profiles, to its delivery of new products and services. Yet a significant amount of the IT budget is spent on ...
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Building on BIAN: Microsoft's banking architecture
June 15, 2012
Publication: Banking Technology
Microsoft has released a technology reference architecture based on its platform and services to help financial institutions reduce costs and drive growth.
“We’re providing a reference architecture that can help financial institutions rationalise banking services, which can then be consume...
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Growing BIAN community continues to drive banking standards collaboration
Banking Industry Architecture Network closes Q1 2012 with four new members: ABN AMRO, Banco Galicia, SAB and UBS; and three new industry partnerships: ISO, OMG and The Open Group
Amsterdam – 16 May 2012 – BIAN, the Banking Industry Architecture Network, is celebrating the end of its most successful quarter to-date, Q1 2012, with the announcement of four new members to its international community, as well as three partnerships with existing recogn...
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30 and counting: Tesselaar on a mission to grow BIAN membership
February 29, 2012 – by Douglas Blakey
Publication: Retail Banker International
The Banking Industry Architecture Network (BIAN), the not-for-profit association of leading banks and vendors, is ramping up its efforts to promote a reduction in integration costs and promote the advantages of service oriented architecture.
Working closely with other standards initiatives,...
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BIAN and The Open Group collaborate on open standards in banking IT
London, 13th February 2012: The Banking Industry Architecture Network (BIAN) and The Open Group today announced a partnership to integrate their individual industry frameworks for specific use in the banking industry. Mapping together these frameworks will accelerate project delivery, while dramatically reducing IT integration costs.
BIAN and The Open Group have collaborated to produce a white paper, in which the core elements of the two individual frameworks...
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Why standards are key
January 12, 2012 – by Hans Tesselaar, Executive Director of BIAN
Publication: Banking Technology
More than ever, banks must adapt to a rapidly changing business environment in order to remain competitive. Financial institutions need to deliver innovative products that enhance the customer experience. At the same time, they have to increase flexibility and reduce costs. However, banks’ IT infrastructures are slowing them down by a lack of in...
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IBM Joins Bank Standards Group BIAN
January 11, 2012
Publication: American Banker
The Banking Industry Architecture Network, a group that promotes the use of services-oriented architecture among banks, has recruited IBM to its board, the group announced today. This will give BIAN a foot in the door at U.S. banks that are heavy users of IBM technology.
Services-oriented architecture is a concept in which applications are built in reusable, interoperable and sharable chunks that can ...
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BIAN welcomes IBM as newest member and on to BIAN Board of Directors
London – January 11th, 2012 – BIAN, the Banking Industry Architecture Network, today welcomes IBM as the newest member to its community which promotes standards within banking. As well as becoming a full member of the BIAN 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 banki...
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SOA in 2011: BIAN Releases SOA-Based Framework to Cut Integration Costs for Banks
December 31, 2011 – by Vance McCarthy
Worldwide, banks are facing the challenge of significantly reducing IT integration costs, said Hans Tesselaar, Program Director at ING Bank and a BIAN member. “As a result, the banking industry is looking for a blueprint from which banks can develop architecture roadmaps that support flexible integration within their existing application landscape as well as with external solutions,” he said.
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New Year, New Trends
December 14, 2011 – Analysis by Mark Gunning, Director of Banking Solutions at Temenos
Banks across the world are navigating their way through a period of change and uncertainty. Banks are busy readjusting their forecasts for what they envisaged being a year of recovery and growth in 2012 – with current market conditions, they will be battening down the hatches and preparing for another tough 12 months.
The global issues facing banks today are...
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BIAN announces three new members: KUTXA, INFOSYS AND CORETRANSFORM
Sibos, Toronto – September 20th, 2011 – BIAN, the Banking Industry Architecture Network, today welcomes three new members into its international community. Kutxa, a Spanish bank, Infosys, the business consulting and technology services provider, and COREtransform, a management consultancy based in Germany, have joined BIAN’s growing network.
The new members join a global community of leading experts from the worldwide banking and software industries who...
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BIAN Announces a Reference Framework for the Banking Industry
New Service Landscape Package for Greater Interoperability
Frankfurt am Main, Germany – July 7, 2011- Banks worldwide continue to face the challenge of significantly reducing IT integration costs and facilitating the selection of commercially available software solutions to support their banking transformation projects. As a result, the banking industry is looking for a blueprint from which banks can develop architecture roadmaps that support flexi...
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BIAN expands with addition of new members, Commonwealth Bank of Australia, Rabobank Group, Scotiabank and ACI Worldwide
Frankfurt am Main, Germany – July 5, 2011 – The Banking Industry Architecture Network (BIAN) is proud to announce that four organizations, Commonwealth Bank of Australia, Rabobank Group, Scotiabank and ACI Worldwide have joined BIAN and expanded the worldwide reach of the organization. BIAN supports the vision of global IT industry standards which enable banks to lower integration costs, minimize IT risk, and thus allow banks to focus on their strategic prioriti...
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IFX FORUM AND BIAN COLLABORATE ON INTEROPERABILITY PROOF-OF-CONCEPT PROJECT
Joint Working Group Will Focus Initially on “Payment Execution” and “Manage Party”
WAKEFIELD, Mass., USA – June 7, 2011 – The Interactive Financial eXchange Forum today announced a collaborative effort with BIAN (the Banking Industry Architecture Network. The locus for the effort within the IFX Forum is its recently launched Liaison and Interoperability Working Group (LIWG), which is chartered to be a center of expertise w...
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DEFINING STANDARDS TOGETHER: UNICREDIT GROUP JOINS BIAN
Frankfurt am Main, Germany – May 11, 2010 – In support of the vision that setting industry standards will enable banks to minimize IT risk and integration costs, focus on their strategic priorities and allow a much closer alignment between the business and IT sides, UniCredit Group has joined the Banking Industry Architecture Network (BIAN). With its various members from the banking, software vendor and system integrator industries, BIAN is proud to announce the...
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BIAN Analytics Working Group Publishes First Set of Deliverables on Profitability Valuation Aimed at Helping Banks
FRANKFURT, GUETERSLOH AND WALLDORF, Germany – October 28, 2010 – SAP AG (NYSE: SAP) and the Banking Industry Architecture Network (BIAN), in cooperation with the BIAN Analytics working group, today announced the publication of two white papers on profitability valuation. The results highlighted represent a true opportunity for banks to accelerate the replacement of inflexible analytical systems with solutions based on a more flexible service-oriented arc...
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Cooperation Between FERNBACH-Software and BIAN Bears Fruit
Luxembourg & Frankfurt, 22 June 2010 – Since international software provider FERNBACH-Software joined the independent industrial association BIAN (Banking Industry Architecture Network) in 2008, their work has come a long way. FERNBACH is not only the Chairman of the Lending working group but has also worked with SAP and other working group members to prepare the first set of deliverables. Together, FERNBACH and BIAN aim to simplify implementation of SOA ...
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IFX FORUM AND BIAN SIGN MEMORANDUM OF UNDERSTANDING
WAKEFIELD, Mass., USA – December 9, 2009 – The Interactive Financial eXchange (IFX;http://www.ifxforum.org) Forum and the Banking Industry Architecture Network (BIAN;http://www.bian.org) announced today that the two organizations have signed a Memorandum of Understanding (MOU) outlining plans to collaborate in developing and furthering the adoption of standa...
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Banks See BIAN on Their SOA Roadmaps
As the banking industry transitions to a service-oriented architecture (SOA) for its IT systems, the Banking Industry Architecture Network (BIAN) is working with other major standards bodies in the financial services sector, to lead the way.
Hong Kong, September 15, 2009 — On occasion of the Sibos 2009 international financial services conference, the Banking Industry Architecture Network (BIAN) has produced a white paper that outlines the roles...
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Temenos announces first T24 Model Bank BIAN alignment initiatives
Temenos demonstrates ongoing commitment to BIAN by showcasing the first phase of Model Bank development to help ease the journey for banks moving to a service-oriented architecture.
GENEVA, Switzerland, 16th July 2009 – TEMENOS (SWX: TEMN), the global provider of integrated core banking systems and a founding member of the Banking Industry Architecture Network (BIAN), today revealed a set of development initiatives undertaken to align T24 Model Ban...
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Microsoft Announces First Major Milestone
REDMOND, Wash. — July 13, 2009 — Microsoft Corp. today announced that the Banking Industry Architecture Network (BIAN) alliance has published the first major banking industry information technology (IT) services standards to its members and the banking community at large.
The six standards published today represent a major milestone in BIAN’s efforts to help banks evolve a standards-based service-oriented architecture (SOA) to accelerate return on inves...
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BIAN readies first deliverables
April 28, 2009
The Banking Industry Architecture Network (BIAN) is set to publish its initial deliverables in June, somewhat over a year after it was spun out of an SAP-led initiative (IBS Online, May 2008). Those deliverables, which will be available to the industry as a whole, will comprise documents covering the services landscape, meta-model definition, services lifecycle management, and service repositories and registries, plus business definitions for s...
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CGI joins Banking Industry Architecture Network BIAN
Industry Association Supports Banks in Their Journey to SOA
Montreal, Quebec, October 1, 2008 – CGI Group Inc. (TSX: GIB.A; NYSE: GIB), a global leader in information technology (IT) and business process services is pleased to announce that it has joined Banking Industry Architecture Network (BIAN).
BIAN’s goal is to enable banks to rapidly adapt their IT systems to strategic and operational business changes and to enhance interope...
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Commentary: SOA support for banks
May 28, 2008 – Oliver Kling and Koen Van den Brande explain how the newly launched Banking Industry Architecture Network will help smooth the way for SOA.
Banks have seen many changes over recent years, both on an individual business basis and in terms of industry change. They know they need the support of agile technology in order to compete, but when it comes to their legacy IT systems, many banks feel they are backed into a corner. Complex, unwieldy ...
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SAP and Microsoft Join Together with Leading Industry Players and Global Banks in a New Association to Help Banks Establish a Service-Oriented Architecture
Key Banking Software Vendors Found Association: Callataÿ & Wouters, Microsoft, SAP, SunGard, Temenos. Leading Service Providers First to Join Association: AXON, Finanz IT, ifb group, Steria, SWIFT, Syskoplan Leading Global Banks First to Establish Association: Deutsche Bank, Credit Suisse, ING, Deutsche Postbank, Standard Bank, Zürcher Kantonalbank
WALLDORF, Germany and REDMOND, Wash. – April 30, 2008 – SAP AG (NYS...
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SunGard is a Founding Member of Banking Industry Architecture Network
April 30, 2008 – SunGard (http://www.sungard.com) announced that it is a founding member of the Banking Industry Architecture Network (BIAN). BIAN is a new association, formed by leading software and financial industry firms and banks, aimed at helping banks to move to a service oriented architecture (SOA) by openly sharing technical and domain expertise to apply SOA principles and methodologies. Creation of the network was announced today by SAP.
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Temenos joins leading industry players and global banks to form BIAN committed to establishing SOA standards
Geneva, Switzerland, April 30, 2008 – TEMENOS Group (SWX:TEMN), the provider of integrated core banking systems, today announced that it is one of the founding members of the newly launched industry association, Banking Industry Architecture Network (BIAN). Led by global tier one banks and industry leading vendors including among others Temenos, Microsoft, SAP, SunGard and S.W.I.F.T., this independent body will drive the creation of SOA standards for the banki...
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