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 within the IFX Forum for interoperability with external standards and communications with organizations that develop them.
The IFX Forum is an international non-profit industry association whose mission is to develop and promote the adoption of its open, interoperable standard for financial data exchange, IFX, which is available at no charge at http://bms.ifxforum.org/. BIAN, an international community of leading banks and partners, was created to establish and promote a common framework for resolving banking interoperability issues, with an emphasis on service-oriented architectures (SOA).