(BIAN) is an independent, member owned, not-for-profit association to establish and promote a common architectural framework for enabling banking interoperability.
This will enable banks to achieve a reduction of integration costs[2][3] and use the advantages of a service-oriented architecture of implementing commercial off-the-shelf (COTS) software.
Financial institutions, software vendors, and system integrators, along with technology partners, are invited to join the association and play a collaborative role with other industry leaders in defining, building and implementing next-generation banking platforms.
[4] Banks are facing challenges that will eventually force them to decompose their business and IT landscape into independent but interlinked units[5] and are therefore looking for better means of interaction in their systems.
BIAN also represents a repository of non-proprietary knowledge and experience dedicated to supporting the roadmaps for all banks moving towards SOA.
[11] BIAN working groups collaborate, sharing knowledge and experience around SOA for the banking industry with a current focus on core systems.
As an example, the BIAN Metamodel is closely aligned to, and draws on parts of, the ISO20022 Meta Model for many of the detailed definitional aspects.
These working partnerships mark a big step forward in BIAN’s commitment to complimentary standards collaboration.
[13] Members of BIAN drive the banking industry by understanding the requirements and trends as well as by designing and providing new IT-solutions therefore.