Banking standards alliance recruits new members

Banking standards alliance recruits new members

Banking standards alliance, the Banking Industry Architecture Network (Bian), has signed up Commonwealth Bank of Australia, Rabobank Group, Scotiabank and ACI Worldwide as new members.

The Bian association is based on SAP's Industry Value Network (IVN) for Banks, which the German vendor formed in 2005 as it looked to develop bank-specific business processes for delivering an enterprise-wide software oriented architecture. It was spun out of SAP in 2008 as an independent, member owned, not-for-profit association to establish and promote a common architectural framework for banking interoperability issues.

With the latest recruits, the Bian network now comprises 11 major banks and 16 vendors.

Karin Fischenbeck, secretary general of Bian, welcomes the new arrivals: "CBA joining Bian is an exciting step forward into the Asia-Pacific market and Scotiabank from Canada demonstrates the further internationalization of Bian. ACI Worldwide offers the perspective from an international provider of payment systems. Rabobank is also a truly international operating bank and the first cooperative bank that joins Bian. They all share with Bian a common vision about the interoperable architectures in banking and a common understanding regarding the strategic evolution of core banking systems."

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