Independent not-for-profit standards association, The Banking Industry Architecture Network (BIAN), today announces the appointment of Chad Ballard of JPMorgan Chase and Rohit Mahna of Salesforce to its executive board.
Both come with decades of experience in financial technology and have a shared passion for banking innovation.
Their appointment comes at a time of significant momentum for BIAN, with 29 new members having joined the organisation in 2019. With an increasing demand for standards across open banking practices, organizations are looking to BIAN for guidance on how they can offer modern services most quickly and cost-effectively.
At the end of last year, Deloitte released its ‘2020 banking’ report, recommending that banks should prepare for the new decade by reimagining “the possibilities for how banking is done with big, bold ideas. By hyperscaling their transformation and actively engaging with the ecosystem, new partnerships and alliances can become imperatives for change.” The combination of BIAN’s collaborative working model and the expertise of the wider organization and executive board will enable its members to reimagine the financial sector as we know it.
It is in this context that BIAN is strengthening its board with Chad's expertise in core banking technology and open banking and Rohit's experience in developing and launching different products for the financial sector. Their appointment will help BIAN and its members to develop innovative solutions for the future of banking.
PNC’s Steve Van Wyk, who has been chairman of BIAN’s executive board for the last 10 years, and long-standing board members Ian Guy Gillard from Bangkok Bank and Chae An from IBM were re-elected to the board. Members are all in agreement that they have benefited from their continued leadership and passion for banking innovation.
Newcomer Michael Lewis from Citigroup, who was appointed to the executive board in 2018, was also re-elected. Members cited how impressed they have been by his commitment to BIAN’s causes over the last two years.
Commenting on the appointments, Hans Tesselaar, executive director of BIAN, said: “It can be an exciting but overwhelming time to be working in the financial services sector with so much changing, from the emergence of new regulation to the shifting needs of the customer. To help our members thrive during this time, I am pleased to welcome both Chad and Rohit to our executive board.”
Talking of his appointment to the BIAN executive board, Chad Ballard, head of core banking technology at JPMorgan Chase, said: “As an active member for the last three years, I look forward to continuing to contribute to BIAN’s success in this new capacity. As banks around the world continue to look at how they can future proof themselves for the next decade, BIAN will play a leading role in guiding the industry to use open standards to develop innovative banking platforms.”
Rohit Mahna, senior vice president & general manager, financial services at Salesforce, said when asked about his appointment: “I am very pleased to have been appointed to BIAN’s Executive Board. I am passionate about the future of the financial services sector and feel strongly about the role of the cloud in enabling the development of innovative banking solutions technology. BIAN’s reputation for creating service-oriented APIs is second to none across the globe and I am excited to not only bring my expertise to the board but to learn from others”.