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Financial services

Open standards for banking IT alliance

The Banking Industry Architecture Network (BIAN) and The Open Group have partnered to integrate their individual industry frameworks for specific use in the banking industry.

The two organisations also produced a white paper, in which the core elements of the two individual frameworks have been projected onto each other.

BIAN's deep banking industry expertise complements The Open Group’s industry-independent approach to open standards

Allen Brown, The Open Group
 
This document will be used by enterprise architects within banks and the vendor community who want to benefit from both architecture frameworks.

According to the companies, there are clear synergies in using BIAN’s Service Landscape in combination with The Open Group Architecture Framework (TOGAF).

When applying TOGAF, an Open Group standard, in a banking environment, the BIAN content will speed up the work by providing banking-specific architecture content.

On the flip side, TOGAF provides a structured approach and adds value to the BIAN deliverables for the project approach and capability to perform.

Hans Tesselaar, executive director of BIAN, said: “The Open Group is a serious heavyweight in architectural standards. With its project approach and ability to deliver – not to mention its reputation as the anchor point of the standards industry – The Open Group adds much value to the BIAN open standards mission.

“We expect banks, which have already adopted TOGAF, will also adopt the BIAN standard, and the banking industry can take another step towards interoperability.”

“Having identified a need within our member base for more thorough standards specifically for banking, we approached BIAN to work together,” said Allen Brown, CEO, The Open Group. “Its deep banking industry expertise complements The Open Group’s industry-independent approach to open standards.

“Together, we have a rapid and transformative ability to deliver SOA frameworks to global banks and look forward to working with BIAN in the future.”

BIAN members include Microsoft, Credit Suisse, Deutsche Bank, ING, Temenos, SunGard and Infosys.

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