First Asian bank joins BIAN community for banking standards collaboration
BIAN signs four new members: Bangkok Bank, Tata Consultancy Services, Erste Group, Axxiome; and first academic partnership with Singapore Management University
Banking Industry Architecture Network (BIAN), today welcomes four new members to its community, including its first Asian bank, Bangkok Bank (the largest commercial bank in Thailand), and blue chip financial services consultancy, Tata Consultancy Services (TCS). Gaining further traction in Asia, BIAN has also formed its first academic partnership, with Singapore Management University (SMU). The university will interconnect the leading core banking solutions using the BIAN service landscape.
SMU has designed a multi-year programme entitled ‘SMU Teaching Bank for Financial Services Technology Education’ (‘SMU Teaching Bank’). It will see a teaching bank built from the ground up, using a mixture of vendor products, to demonstrate real world change scenarios, such as a core banking system replacement or a bank merger.
Erste Group, one of the largest financial services providers in Central and Eastern Europe, and Axxiome, a financial services consultancy firm, have also joined BIAN’s virtual community which consists of the most forward-thinking visionaries collaborating on standards for service-oriented architecture (SOA) in the banking industry. This brings BIAN’s total network membership to 34 members, comprised of 15 banks and 19 systems integrators and software vendors. These industry participants are working to define and set the de facto IT standards for banking interoperability, in order to significantly reduce banks’ IT integration costs.
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