New members highlight the increasing need for collaboration to drive transformation in an evolving industry

Wednesday, 17 April 2024, Frankfurt – BIAN, the independent non-for-profit standards association, is announcing that 19 new members have joined the growing organization, bringing the total number of members to 98. This momentum has helped BIAN further its commitment to forging a new era of banking.

In a time of ongoing change, BIAN continues to play a pivotal role in shaping the future of banking services, with members benefitting from the organization’s unique approach to collaboration and solving common industry obstacles.

This has attracted experts from the following industry players: Commonwealth Bank, CaixaBank, TSB Bank, NedBank, Navy Federal Credit Union, Vietnam International Bank, De Volksbank, Mavidev, Bain & Company, SID Global Solutions, Zoot, Veripark, Solace, Kyndryl and Samlink, Warba Bank, 2innovate, Grand Central by Backbase and Electronic Payment Group of the West African Economic and Monetary Union.

“We have long admired the impact BIAN has had on the industry. Its ability to define best practices aimed at driving digital transformation and enhancing operational efficiency across the financial services landscape furthers our commitment to integrating the interoperability and expansion principles of Frame Banking™ clients. We look forward to building the next generation of payments with BIAN and its members,” said Hugo Sacchi, CEO of 2innovate.

Over the last 12 months, BIAN developed and published the third iteration of its ‘Coreless Banking’ initiative, an API-based services architecture designed to resolve the challenges banks face with interoperability. In 2024, BIAN is focused on working with its members to determine how AI can be used to not only transform the operations, but also improve how BIAN standards are implemented across each organization.

“The overall success of BIAN is down to the expertise and dedication of our members. As we look to solve the obstacles that commonly hold us back, the diverse experience of our new members will have a significant impact on our progress. I’m extremely proud to see BIAN grow, and can’t wait to what we achieve over the next year,” said Hans Tesselaar, Executive Director, BIAN.

About BIAN

Established in 2008, the Banking Industry Architecture Network (BIAN) is an independent, member owned, not-for-profit association, designed to build and promote a common architectural framework for banking interoperability issues. BIAN’s goal is to define operability and semantic definitions for IT services in the banking industry.

The community of over 90 members focuses on creating a standard banking services landscape, while ensuring consistent service definitions, levels of detail and boundaries. This will help banks to achieve a reduction of integration costs and take advantage of a microservices architecture.

Financial institutions, software vendors, and system integrators, along with technology partners and consultancies, are invited to join the association and play a collaborative role with other industry leaders in defining, building, and implementing next-generation banking platforms.