At the Sibos 2022 conference in Amsterdam this week, FinTech Futures sat down with Hans Tesselaar, executive director at BIAN – Banking Industry Architecture Network, to discuss the group’s coreless banking framework and the growing benefits of composability in financial services.
Watch the video to discover:
> How BIAN’s coreless banking framework works.
> The hurdles surrounding digital transformation and the ways banks can overcome these.
> What the future of banking looks like and why composability will be key.
White Paper Publication
Practices and priorities to accelerate digital transformation
Embracing the digital landscape
A confluence of macroeconomic stressors paired with new competition from fintechs and nontraditional players presents an environment more challenging than ever for banks. The need to embrace continuous reinvention, augment business profitability, and reduce costs requires a substantial transformation of operations.
In response, CIOs and CTOs have shifted their focus from pure digital transformation to digital business transformation. Consequently, the IBM Institute for Business Value (IBV), in collaboration with BIAN, made these executives the focus on this paper.