BIAN - Banking Industry Architecture Network
Introduction to BIAN
The Banking Industry Architecture Network is an independent, member owned, not-for-profit association to establish and promote a common architectural framework for enabling banking interoperability.
BIAN’s goal is to establish a semantic framework to identify and define IT services in the banking industry. The underlying architectural pattern originates from a service-oriented architecture (SOA).
The community focuses on creating a standard semantic banking services landscape, while ensuring consistent service definitions, levels of detail and boundaries. This will enable banks to achieve a reduction of integration costs and use the advantages of a service-oriented architecture of implementing commercial off-the-shelf (COTS) software.
Benefits to Our Clients
- Standards: a definition of IT standards for SOA in banking ensures the highest degree of efficiency.
- Agility: standards provide the greatest opportunity for banks to adapt quickly and efficiently to changing market conditions and demands.
- Flexibility: interoperability between IT systems through widely agreed standards ensures the highest degree of efficiency, by enabling banks to quickly adjust to meet changing needs and new challenges in a constantly evolving industry.
- Evolution: change is a constant, also in business, which includes banking and IT.BIAN members from the IT industry who actively participate in the evolutionary process of the banking industry will also find themselves better positioned as their own markets evolve.
- Cost reduction: it is safe to saythat all businesses would agree that increased flexibility in their operations, the ability to adapt and react efficiently to change, and the importance of maintaining a future-oriented approach to their industry and business model are beneficial. The reason is simple: All of these aspects serve to reduce costs while simultaneously improving service. BIAN thus considers cost reductions one of the primary goals of its efforts.
