BIAN to help banks ease transition to SOA

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BIAN to help banks ease transition to SOA

SAP, Microsoft, leading players and global banks in new association to help banks establish SOA

Sunday, May 04, 2008

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BIAN creating, building enterprise services for banks
One of the key challenges for SOA in banking lies in the semantic definition of services that will provide a more flexible and modularized IT landscape. In 2005, SAP and its banking advisory board began the journey to address this challenge by creating the Industry Value Network (IVN) group for Banks.

The IVN banking group, composed of 37 financial services institutions and software providers, was tasked with combining their own experiences with expertise from SAP to define important SOA services and create the blueprint for a successful transition from today's tightly coupled IT landscape.

Recently formed as an association according to German law, BIAN has an open intellectual property policy, which helps ensure that the specifications that emerge from this collaboration can be implemented on a variety of technology platforms. BIAN members will work closely with:

• Standards bodies: BIAN will strive wherever possible to encourage the adoption of standards already in existence, while working collaboratively with standards bodies for the benefit of the industry as a whole.

• Global banks: BIAN will work with banks worldwide on the definition of enterprise services that maps closely to banks' in-house target architectures for next-generation SOA and business process management-based banking platforms.

• Software vendors and systems integrators: BIAN will work with leading independent software vendors and systems integrators worldwide that want to build and implement enterprise services for banks to use with their in-house and software vendors' platforms.

©CIOL Bureau

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