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Not for profit organization announces 10th iteration of innovation model
BIAN Updates Service Landscape to Fast-track Innovation
The updated Service Landscape has 57 additional APIs, bringing the total to 243. The new APIs cover the outstanding banking specific functions that have not been included in BIAN’s library to date. These include the likes of account reconciliation, corporate payroll services, and hedge fund administration.
In addition to this, the Service Landscape has been updated so that there is a clear and straightforward link between the BIAN models and the derived technical implementations of BIAN APIs. BIAN is also aligning the APIs with prevailing technical standards, such as OAS 3x, an open-source development standard that is widely used across the industry to ensure the APIs are easily adopted.More
How can open banking get ahead in 2022?
While there is overt awareness around open banking and its benefits within the financial services industry, the challenges created by a lack of education are evident.
The services offered by banks today are focused on those with multiple bank accounts, and there is still some reluctance to share sensitive financial data. However, with the increasing intensity of consumers embracing digital in their everyday lives, there is a renewed focus on how banks can meet the needs of the digital consumer.More
Using the BIAN Model | TCS Case Study
BIAN: Powering purpose-driven, future-ready banks
In the race to stay ahead, provide best-in-class customer service, and meet ever increasing market demands, banks have bolted on digital capabilities in an ad hoc manner introducing considerable complexity into the underlying IT architecture. Today, most traditional banks operate with a complex, unmanageable IT architecture with duplicate systems and data impeding speed-to-market for new products and services. Increasingly inflexible legacy systems have resulted in business silos and monolithic applications that hinder agility and adversely impact the pace of key transformation initiatives.Case Study
Being certified in The BIAN Foundation level acknowledges that a certified professional has mastered the BIAN Standard and is aware that financial institutions can be modelled in a standard way, which enables maximum interoperability and re-use and minimum IT integration cost. A BIAN Foundation certified person is able to recognize and apply this to other financial services providers.Order the Exam
BIAN Practitioner Community
Visit the public BIAN Practitioners Community and ask your Question. The site also provides information on BIAN trainings and education programs, the BIAN Certification and our accredited Training partners.Visit
The Future of Financial Services
Interview with Shanker Ramamurthy from IBM & BIAN Baord Membermore
Axis Bank joins BIAN to Transform its Architecture for the Customer of the Future
The financial service leader brings a wealth of regional knowledge to the not-for-profit association.More
The main advantage of participating in BIAN is the ability to gain increased knowledge from work in progress on service standards.
Each member has their own reasons for joining us. And in this post, I thought it would be interesting to explore some first-hand reasons as to why — here is some feedback from our newest membersMember Feedback Read more