BIAN will now benefit from the expertise of Lloyds Banking Group, Axis Bank, KPMG, McKinsey & Company, Standard Bank, The Thai Bank Association (which represents 15 Thai banks), TDBank, Cassa Centrale Banca, Handelsbanken, Habib Bank, allitude, Mambu, KU LEUVEN, TBM Council, Laurentian Bank, TMaxFintech, Kalele, Cloudera, AmBank, Fairplay, National Bank of Canada, OTP Bank, Naehas and Live Tiles. The newest members further expand BIAN’s global footprint and highlight the organization’s growing influence across the industry.

This growth follows a period of momentum for BIAN, which recently announced its Open-Source Specification tool. The new tool gives members access to a set of message definitions made freely available for modification and redistribution. The technology has been developed to further BIAN’s Coreless Banking Initiative, which promotes a more composable approach to modernizing banking software.

Over the last year, BIAN also updated its Service Landscape by adding 60 new business scenarios for syndicated loans and enriched 60 APIs by linking them to its Business Object Model.

“BIAN is a member-led association that relies on successful industry collaboration to thrive; therefore, I am extremely proud and excited that we’re being joined by these organizations”, said Hans Tesselaar, Executive Director, BIAN. “The expertise of our new members will help to further our cause and reduce the common obstacles that the industry faces around interoperability. I can’t wait to see what we achieve over the next year.”