The Banking Industry Architecture Network
(BIAN) has confirmed four new members:
Dutch bank ABN AMRO, Argentinean
Banco Galicia,
Swiss UBS and France’s SAB.
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BIAN members work together to define IT
standards for banking interoperability and set up the
Service-Oriented Architecture (SOA), with the purpose of reducing
banks’ expenditure through IT integration, which are as much as
triple the purchase costs of the original software.
As different business units continue to
overlap, especially in the areas of trade finance, treasury and
cash management solutions, an integrated and seamless IT system is
crucial for optimal operating results for banks, Hans Tesselaar,
executive director at BIAN told EPIin
April.
“BIAN looks forward to working closely with
each of the standard bodies we have partnered with at both our own
BIAN Core Team meetings, and our new partners’ initiatives,
exchanging ideas in order to progress standardisation and
interoperability in the financial industry,” he said.
Henk Houtzager, head of strategy, innovation
& architecture, ABN AMRO, said that “increasing agility and
reducing costs are priorities” for ABN AMRO. He added: “We expect
to achieve significant reductions in integration costs through our
BIAN membership.
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