November 12, 2013
18 months into their collaborative journey, the two industry standards bodies release a whitepaper further detailing how banking industry architects can integrate the BIAN and TOGAF frameworks
The Banking Industry Architecture Network (BIAN) and The Open Group Architecture Framework (TOGAF) today launch their latest collaborative whitepaper, detailing how banking industry architects can make use of both the BIAN Service Landscape and TOGAF open group standard in order to accelerate their work to drive transformational change across the industry, improving the quality and consistency of the architecture products they deliver.
The whitepaper is designed to further highlight the synergies between the two complementary industry frameworks, and has been updated to reflect BIAN’s Service Landscape 2.0. TOGAF is an open enterprise architecture methodology and framework, while BIAN delivers a banking specific framework and set of IT definitions. Together the standards frameworks add value to one another; when applying TOGAF in a banking environment, the addition of BIAN content speeds up enterprise architecture development and improves quality.
BIAN and The Open Group first announced their collaboration in February 2012, with a whitepaper and webinar. Since then the market place for financial institutions has continued to change, placing growing pressure on banking IT landscapes and resulting in an ever-increasing interest in enterprise architecture as a tool for enabling IT services transformation.
Hans Tesselaar, executive director, BIAN, said of this latest whitepaper: “The banking industry continues to change at a rapid pace, with regulators, emerging economies and new market players all making their mark on the ecosystem. This whitepaper, an extension of the work we undertook with The Open Group back in 2012, sets out to support enterprise architects grappling with these market issues.”
“Ongoing collaboration between BIAN and The Open Group is a positive development for enterprise architects and I welcome this whitepaper and subsequent steps towards developing enterprise architecture in the banking industry and therefore the key enabler for the reduction of integration cost and improved agility.”
Allen Brown, CEO, The Open Group, also commented: “The purpose of TOGAF is to improve business efficiency by providing the same enterprise architecture methodology and framework used by the world’s leading organisations.
“Enterprise architecture is gaining momentum across a number of industries, but is of particular resonance in banking, where the close inter-dependency of people, processes and supporting technology creates a definite need for greater managed architecture. The Open Group looks forward to continuing work with BIAN, delivering business need-oriented frameworks.”