Further involvement of major industry executives shows ongoing momentum from organisation in mission to enable modernisation in banks
NOV 13thÂ 2018Â — Independent not-for-profit standards association, The Banking Industry Architecture Network (BIAN), today announces the appointment of Andrew Henderson of JP Morgan Chase and Janet Lewis of Microsoft, to its Executive Board. This senior expertise from across the banking and technology sphere will contribute immensely towards BIAN’sÂ bid to boost the development and adoption of service-oriented innovation in retail banking.Â With customers increasingly favouring digital first experiences, and challenger bank growth picking up pace, speed of adoption has become more critical than ever before to remain relevant.
With an award-winning 13-year career in driving modernisation within Tier 1 banks, Henderson currently servesÂ as a Managing Director at JP Morgan, leading the Engineering & ArchitectureÂ forÂ the Chase Consumer and Community Bank division. He was most recently responsible for buildingÂ Chase’sÂ new banking platform. Janet is the VP of Worldwide Financial Services at Microsoft, and runs the technology company’s drive to develop and execute financial services strategy. She brings more than 30 years of global financial services sales and executive management experience to BIAN, having grown and scaled numerous emerging and Fortune 500 companies.
Andrew and Janet’s appointments come at a time of significant momentum for BIAN; the organisation recently launched its API Exchange, a free-to-use digital library of over 65 standardised API definitions that aims to help traditional banks adopt modern services on top of legacy infrastructure much faster. It has also published the latest version of its standardised global IT architecture model, Service Landscape 7.0, which will provide further insights for the Industry on how to adopt the wide range of APIs contained within the Exchange into their banking platforms. SL 7.0 also includes a whole new Business Capability layer and a Business Object Model that is fully aligned with ISO20022
Growth has also been seen in the increase in new members from across the world, with banks like Citi, Emirates NBD, BB&T, Greater Bank and Swedbank joining this year.
Commenting on these developments, Hans Tesselaar, Executive Director of BIAN said:Â “2018 has been a milestone year for our organisation. We are noticing a much greater level of engagement from the global banking community as more organisations start to think about how to deliver innovation in the most effective way. With this in mind, I am pleased to welcome Janet and Andrew to our Executive Board. Their deep knowledge in delivering transformational change within banks both on a practical and technological level will be a valuable asset as we progress further with our goal.”