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Having worked for several years for a leading core banking software provider, I was curious to find out what kind of open standards exist in this space. After reading the entire article, I remain curious. Are we referring to open communication standards
between CBS and surround systems (e.g. ISO8587 with ATM/POS Switches), which are already followed by leading CBS vendors and banks in Asia? Or, are we referring to open standards within the various modules of the CBS itself, which, far as I know, don't exist
The Standard I'm refering to is of the Banking Industry Architecture Network (BIAN) they developing semantic service definitions to apply in a SOA environment. The BIAN Service Definitions covers the whole application landscape of a bank. So it includes
the interaction between the different business activities within the CBS, but also between the CBS and all the surrounding areas like Channels or HR.
This standard is being developed by Banks, Service Providers and Software Vendors with a global presence, so not restricted to Europe.
Okay, thanks. BIAN is still WIP and doesn't have mainstream adoption by European banks yet. So, a more pragmatic strategy for banks in Asia would be to skip BIAN altogether and leapfrog themselves to the next flavor of the season that is bound to follow
BIAN in another few years. Asian banks have achieved competitive advantage with similar strategies in the past - as with skipping point solutions and leapfrogging into CBS and forsaking full-fledged multichannel support to take an early lead in omnichannel
banking - and I see no reason why they should deviate from their course with BIAN now.
03 Nov 2011
09 Jun 2020