“Open standards create interoperability and accelerate the adoption of new technologies that help industries work more intelligently,” said Chae An, IBM’s VP of financial services solutions, who has now taken a position on BIAN’s board.
BIAN was established in 2008 after being formed out of business software firm SAP. BIAN is also working with financial industry groups such as the Object Management Group and SWIFT as part of its open standards strategy.
“Together we will continue to work hard to establish the de-facto SOA standards for the global banking industry. IBM’s expertise will enable BIAN to make great strides forward in creating a common model from which the whole industry will benefit,” said Steve Van Wyk, chairman of BIAN’s board.
BIAN recently published its Service Landscape version 1.5 as an IT reference framework. Other members of BIAN include Commonwealth Bank of Australia, Credit Suisse, Microsoft, Scotiabank, SAP, Callata & Wouters, Infosys and SunGard.